Daily Archives: September 23, 2014 (14 Articles Found)

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More tenants push for longer lease terms as office rents surge in Q3

Soaring office rents are pushing more tenants to ask for longer lease terms of 5+5, 6+6 or 12 years with built-in rental review terms, a report by Colliers Intl revealed today. The report showed an increasing number of…

Wee Hur clinches $157.7m Punggol West mega precinct project from HDB

Property developer Wee Hur revealed that it has clinched a $157.7m contract from HDB. The contract is for a mega precinct named Matilda Court in Punggol West. The project will begin next month and is expected to complete…

Levelling up mission of HDB upgrades

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Home and precinct improvements in HDB towns have been a part of the agency’s mission for more than two decades. When its Main Upgrading Programme to rejuvenate the oldest estates built in the 1960s and 1970s was winding…

Curb supply to avert dangers of a burst property bubble

Mr Ku Swee Yong’s commentary, “Tidal wave of property supply hits S’pore” (Sept 19), was excellent in detailing the softening market for residential properties. He analysed and outlined how excess supply will hit Singapore from next year to…

Transport Ministry: S’pore has no confirmation of RTS terminus location in Johor Bahru

The MOT announced in a statement on Tues that it is awaiting official confirmation from Malaysia on the location of the Rapid Transport System (RTS) in Johor Bahru before the next phase of the study can commence. The…

Allow flat owners to sell pledged property with conditions

I fully agree with Mr Paul Chan Poh Hoi’s sentiments (“Tail-end of HDB flat lease still has value”; last Fri). We should not compare property prices with those of goods like vehicles. Property prices tend to appreciate over…

Sold on revised Lease Buyback Scheme

Like some of my friends, I see no need to bequeath property to my children if they have the means to buy their own homes. So, what will I do with my house? When I retire, I intend…

Review need for costly HDB carparks

An article reported that HDB has started building high-rise mechanised carparks in Bukit Panjang, Changi and Yishun, which will add 219 parking spaces at a cost of $18 million. Doesn’t this mean each parking space comes at a…

Singapore’s black and white houses appeals to present-day owners

Corner House emerges from the lush foliage of the Singapore Botanic Gardens, like a fairy tale cottage. After nearly seven decades, Corner House was conserved in 2008, which means it cannot be demolished. It is now the premise…

Municipal Services Office to provide single point of contact for public

The new Municipal Services Office’s (MSO) immediate focus when it is set up next month is to have a single point of contact for the public to provide feedback and work out a standard method of processing the…

Landlords call the shots amid office crunch in CBD

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The pendulum is swinging in favour of office landlords in the third quarter, with rents and capital values continuing to climb, said Colliers Intl yesterday. It noted that most areas called micro-markets are experiencing a worsening supply squeeze…

HSR dropped from marketing 2 EC projects

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HSR Intl Realtors’ new commission scheme appears to have ruffled the feathers of its alliance partners even before the scheme takes effect in Jan. The firm is kept out from marketing the two upcoming EC projects under the…

Amber Skye – Is it a good investment?

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Amber Skye, a 109 unit development, launched starting from Thurs, 11 Sept, 2014. Based on caveats data compiled by Singapore Property Watch (SPW), and URA, there were three recorded caveats during the months of June and July 2014,…

Citimac complex seeks S$1,350 psf ppr in en bloc sale

The owners of Citimac Industrial Complex have hit the en bloc trail, with a minimum price of S$550 million, which works out to S$1,350 psf of potential GFA for the freehold site. The unit land price figure is…

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