Daily Archives: April 28, 2014 (19 Articles Found)

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Developers review marketing tactics as buyers become more price-sensitive

Developers review marketing tactics as buyers become more price-sensitive. According to Knight Frank, market exuberance for private homes has been very much tampered by the existing property cooling measures and the TDSR framework, which has led potential property…

Local purchasers badly hit by cooling measures. According to Knight Frank, even as total new sale, subsale, and resale private transaction volume declined, foreign purchasers constitute a growing proportion of buyers as the TDSR has a greater impact…

Rising rent, worker shortage threaten rich Asia food culture

The Hong Kong Jin Tian Eating House in Singapore has stopped selling the savoury roast duck and pork ribs that drew crowds for a generation, the latest to close down due to escalating rents and difficulty in finding…

Hard determine demand property

In its reply, the Singapore Institute of Surveyors and Valuers (SISV) confirmed that professional valuers do not dictate the property market but take into consideration the prevailing supply and demand conditions in the market (“How properties are valued”;…

Foreign developers eye bigger market share as land war heats up in Singapore

Foreign developers eye bigger market share as land war heats up in Singapore. Should local players be scared? According to BNP Paribas, in the past few years, it has seen foreign developers, especially the Chinese developers, making an…

If Capitaland is the canary in the Singapore new home mine, it’s hardly chirping at all. The cooling measures massacred sales and the company is having to slash prices to sell remaining units. According to OCBC, an anemic…

Resale private home prices fall 1.1% in Mar

Resale prices of completed non-landed private homes continued to fall last month, according to SRPI flash estimates released on Mon, with declines registered across the board. The SRPI, compiled by NUS’s IRES, showed overall prices decreased by 1.1…

CapitaLand trims CapitaMalls Asia offer price to account for dividend

CapitaLand has reduced its offer price for CapitaMalls Asia (CMA) to take into account the dividend recently declared by CMA. The Singapore property developer will now pay $2.2025 per offer share, down from the $2.22 it originally offered…

Rohde and Schwarz opened S$58 million Asia headquarters in Singapore

German electronics giant Rohde and Schwarz has opened its S$58 million Asia headquarters in Singapore. Located at Changi Business Park, the over 12,000 sqm facility is also the firm’s largest research and development centre outside Germany. The Munich-based…

SCDF’s unmanned machine puts out fire in Tuas

SCDF’s Unmanned Firefighting Machine (UFM) gave firefighters a strategic advantage in extinguishing a raging fire at a warehouse. It took 80 SCDF personnel about two-and-a-hours to put out the fire, which broke out at a warehouse housing waste…

Look to new launches for discounts. There are bargains to be had for those who are willing to look hard enough

In the world of shopping, it’s easy to spot a sale. But it’s not so simple in real estate. To find a good deal, one needs to put in hard work and analysis. To make matters worse, you…

Private home prices fall in all districts

Moves to rein in the once red-hot property market are biting, with prices taking another beating in the first quarter. Private home prices fell across the island, the first time in nearly five years that all segments have…

Stamford Tyres opens $25m facility

Stamford Tyres Corporation opened a new commercial centre and warehouse yesterday that doubles its storage capacity while boosting efficiency through the use of high-tech tracking systems. The $25 million facility, the firm’s second in Jurong has 2.3ha of…

Demand for shop space drops in first quarter

There was more demand from tenants for space to set up restaurants and gyms than shops in the first quarter – a possible sign that high labour costs are squeezing retailers. New indicators from the URA yesterday showed…

Berthing pains for Asia’s rich put wind in the sails of marina developers

Marina developers in SEA are racing to build berths to address the latest problem vexing Asia’s rapidly growing ranks of ultra-rich, insufficient parking lots for their superyachts. The shortage is most acute in Hong Kong and Singapore where…

Cool reception

Named after a famous Greek island, The Santorini condominium was launched late last month, to little fanfare. The 597-unit condomium project in Tampines was the only major launch in Mar, but despite the low competition, sales at the…

It houses foreign workers comfortably

As the only listed dormitory operator in Singapore, Centurion Corp has attracted a fair bit of attention in recent months, particularly after last Dec’s riot in Little India. Two brokerage houses, AmFraser and DMG & Partners, initiated “buy”…

Wilshire condo in District 10 heading for sale en bloc

The Wilshire condo in upscale District 10 has been put on the market in its maiden attempt at a collective sale. ST understands that owners of the 20-unit development in Farrer Road were notified on Sat that the…

Condo units shrinking: Report

Sizes of condominium units here are shrinking as developers battle to keep new project prices affordable in ever tougher market conditions, a new study by property consultancy Knight Frank has found. A string of cooling measures and stricter…

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