Daily Archives: April 8, 2014 (19 Articles Found)
Tender for commercial site in Woodlands Regional Centre drew strong response
A government tender for a commercial site in the Woodlands Regional Centre drew strong response, with a consortium that included Far East Organization submitting the highest bid of S$634 million, the URA said on Tues. The bid by…
Tuas West a viable location for proposed high-speed rail terminal
Tuas West will be the most viable location for the proposed high-speed rail terminal in Singapore, say experts. This is due to its proximity to Malaysia and greater availability of space. On Mon, PM Lee named three possible…
Tuas industrial sites attract healthy interest
The tenders for the first two industrial land parcels in the IGLS Programme for the first half of this year closed on Tues with healthy interest, although the offers were relatively conservative, analysts said. The tender for Plot…
Colliers: Q1 rents for industrial spaces fell slightly as firms became more cautious about expansion
Rents for factories, warehouses and other industrial spaces in Singapore fell slightly during the first quarter of 2014 as firms became more cautious about expansion, Colliers Intl said on Tues. It estimated that rents for ground floor factory…
Your chance to name a condo
Qingjian Realty has launched a competition to name two of its EC developments in Singapore. The competition, which runs until Apr 30, is open to Singaporeans, PRs, student pass holders, valid employment pass holders and work permit holders.…
Prime rents rose 1.1% in 2013
Prime property rental prices in Singapore grew by 1.1 percent in 2013 according to the latest Knight Frank Prime Global Rental Index which measures the performance of rental property at the top end of the market. Globally, prime…
Demand for GCBs picks up
Although buying activity in the private residential market remains weak due to stricter financing rules, demand for ultra-luxurious GCBs picked up in Q1 2014 as wealthy buyers returned to the market, a DTZ report said. Eight GCBs found…
62% drop in private resale home sales
Sales of resale private homes in Singapore sank in the first quarter this year with only 906 units in the secondary market changing hands, revealed a DTZ report. This is a decline of 34 percent compared to the…
Stop short term rental private apartments
I recently visited an accommodation website and discovered whole apartments in Singapore being rented out like hotel rooms and serviced apartments. As far as I know, all private residential properties are meant for either owner-occupation or leasing out…
HDB resale market stirs but analysts say sentiment still weak
The resale market for HDB flats stirred last month as sales and prices picked up from Feb, showed preliminary data released yesterday by SRX, but analysts said sentiment would probably be weak for the rest of the year…
Overseas retail Reits: Tread with care
Retail Reits are popular because they are seen as defensive investments after all, people will shop, no matter how the economy is doing. Also, their annual yield is about 6 per cent, far higher than bank deposit rates.…
New compass in a buyers’ market
Home buyers are paying less than the projected market prices for their HDB properties, according to a newly launched property price index that also shows a buyers’ market over the next few months. Called Transaction Over X-Value (TOX),…
S’pore lists 3 sites for high-speed KL rail link
Singapore has named three possible locations on the island for the terminal of the planned high- speed rail link between Singapore and KL. They are Tuas West, Jurong East and the city centre, PM Lee Hsien Loong said,…
OCBC predicts posh home prices to drop 5-10% in 2014-2015
OCBC forecasts mass-market and high-end home prices to dip 10%-15% and 5%-10%, respectively, over FY14-15. Over 1Q14, URA flash estimates for the private residential property index showed a 1.3% decline, indicating downward price momentum after a 0.9% dip…
Ex-Hillview House site back on market
A freehold residential site near Hillview Ave that failed to sell last year has gone back on the market for about $55 million. The 43,557 sqft vacant plot was once the site of Hillview House, an industrial building…
HDB resale prices edge up, strong rebound in volume
Resale prices of HDB flats crawled slightly higher last month as price increases in smaller units offset the declines in larger ones, going by the latest data from SRX. But transaction volumes staged a strong rebound as buyers…
S’pore joint-third with Paris in X-factor: Savills
Singapore has been ranked joint third with Paris in a new report on leading intl cities, which classifies them by their “X-factor”. The paper, by real estate adviser Savills, ranked 12 cities based on a combination of global…
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