Daily Archives: August 26, 2014 (16 Articles Found)

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Understanding, measuring and comparing rates of return in property investing

I’ve received feedback, both positive as well as negative, on my previous article Property Valuation – Money Not Math. In that article I explained how many investors are playing guess work with their investments because they fail to…

Local investor sentiment hits 15-month high on back of steady property price decline

Investment property sentiment is finally out of negative territory. Declining property prices and perceived market stability drove up domestic investor sentiment in the second quarter. According to the Manulife Investor Sentiment Index, sentiment among Singapore investors rose by…

Working to improve traffic flow around Chinatown Complex

LTA is aware of the traffic situation around Chinatown Complex (“Ease severe congestion around Chinatown Complex”, last Tues), and has been working with URA to take enforcement action against illegal parking in the area. As for heavy construction…

HDB upgraders dominate condo sales, first time since 2012

Demand among HDB upgraders for non-landed private homes has risen slightly, with the proportion of buyers with public housing addresses increasing by three percentage points to 52 percent (1,842 units) in Q2 2014 from the previous quarter, revealed…

Singaporeans overtake share of private home purchases

The share of private home purchases by Singaporeans increased to 74 percent in Q2 2014, according to a DTZ report, after falling for three consecutive quarters. Q1 2014 saw their share of private home purchases fell to 70…

Knight Frank: S’pore land prices flat amid strong headwinds

Land prices across major Asian cities grew at a slower pace in the first six months of 2014, advancing by 4.9 and 2.9 percent for office and residential sites respectively, compared to 9.8 and 7.7 percent during the…

JTC: Three industrial sites at Tuas open for bids

JTC on Tues announced the launch of three industrial sites at Tuas under the Industrial GLS programme. The three sites, one at Tuas South St 9 and two at Tuas South Str 11 were launched as part of…

Heeton checks into hospitality business

Heeton Holdings is ramping up its hospitality business with plans to more than double its 245 rooms to over 600 by year end and far more down the track. The move has been prompted by the potential of…

Resale market for Tanglin Halt hotting up after news of redevelopment

HDB flats in Tanglin Halt are hitting the resale market and starting to fetch premiums after June’s announcement that the estate will be redeveloped. At least two units have been sold since then, with more than 30 listed…

MAS: Clarification of TDSR rules

Ho Swee Huat suggested that borrowers who had purchased their properties before the introduction of TDSR framework should not be subject to the TDSR threshold of 60 per cent when they refinance their housing loans (“Make rules on…

Economists mixed over impact of household debt on private consumption

Private consumption is losing steam amid rising household debts and waning home equity – something that economists can agree on. But how severe private consumption will be affected and its impact on the broader economy remains the big…

Deal brewing for Straits Trading Building with price highest for an office block in six years

Amid the quiet investment sales market this quarter, a major office deal is brewing. Advanced discussions are believed to be going on for the Straits Trading Building, a landmark 999-year leasehold office tower in Battery Road. The price…

Cambridge Industrial Trust buying Ang Mo Kio building for S$39.8m

Cambridge Industrial Trust is buying a six-storey building in the Ang Mo Kio Industrial Estate for S$39.8 million, the Reit announced early on Tues. The seller is Freshlane (CP) Pte Ltd. The building, at 12 Ang Mo Kio…

2 Jln Besar properties on the market

Two adjoining properties along Sam Leong Road, off Jalan Besar, are up for sale, says Chestertons. The first building, currently vacant, is a three-storey freehold commercial building with a site area of approximately 2,726 sqft and a GFA…

S&P upgrades rating of CapitaCommercial Trust to ‘A-‘

Having reassessed CapitaCommercial Trust’s (CCT) appetite for expansion and discipline in using debt to fund new investments, and given its stable business performance, Standard & Poor’s has raised its long-term rating to ‘A-‘ from ‘BBB+’ with a stable…

Seven industrial units at Bukit Merah for sale with $10m price tag

A tender exercise has opened for seven industrial units at Kewalram House in the Bukit Merah Industrial Estate, JLL announced on Mon. The offering comprises two units of 3,100 sqft and 4,300 sqft on the ground floor that…

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