Daily Archives: September 29, 2014 (29 Articles Found)

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Tanglin Halt residents: It’s hard to leave

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Bellewoods EC draws 400 applications

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Changi Airport T3 going for high-end hotel

Two plots of land available for tender in Tuas, Tampines

JTC on Mon launched two Confirmed List sites at Tuas South St 9 and Tampines North Drive 1, as well as one Reserve List site at Tuas South St 6, for sale. The land sales were launched under…

SRPI: Resale prices of private homes mostly unchanged

Resale prices of private homes ended mostly unchanged in Aug according to SRPI flash estimates, which were released on Mon. The SRPI, compiled by NUS’s Institute of Real Estate Studies, showed overall prices had no change in Aug…

DTZ: Dip in Q3 retail rents across Singapore

Shopping mall rents across Singapore fell during the third quarter of 2014 and the outlook is dim, due to the large supply of new retail space coming onto the market as well as the challenges posed by e-commerce,…

Alternative parking plans at airport are inconvenient

I read with frustration and incredulity the report “T1 open-air car park to close by year-end” (Sept 27) and wonder if the management at CAG has given this sufficient thought. First, the issue of space. While measures have…

Tanglin Halt residents: It’s hard to leave

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Their flats are likely to fetch good prices on the resale market, but many Tanglin Halt residents affected by a government redevelopment scheme say they are not interested. Fifteen of the 20 residents ST spoke to cited neighbourliness…

DTZ: Demand-supply mismatch fuels surge in medical suite prices

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Prices and rents of medical suites are on the rise and expected to keep increasing, given strong demand amid under-supply, DTZ said in a recent report. These private clinics, increasingly housed in commercial buildings rather than private hospitals,…

Bellewoods EC draws 400 applications

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This year’s first EC, Bellewoods, developed by Qingjian Realty, drew a crowd of 1,500 and some 400 applications after it was launched on Sat. A majority of the 400 who applied for the EC project in Woodlands live…

Downtown home prices take a big hit and more sold at loss

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As the luxury residential segment flounders, properties in the Downtown area have taken an especially big hit. More loss-making transactions have occurred in this area so far this year, compared with last year. Fewer profit-making transactions have taken…

Year-long wait over for EC buyers as sales open after being held back by govt move to moderate bids for sites

Buyers eager to secure an EC unit will have plenty of options after a hiatus of almost a year. The pause was caused by a government move in Jan last year stipulating that developers can put an EC…

More clarity sought from new LCD directors cites lack of relevant experience

A shareholder of LCD Global has asked two incoming directors of the firm to “clarify their intentions” towards the firm, asking if they want to turn LCD into a financial services company. Pyrrho Management, which owns a 3…

‘Hotel-style’ condo to add buzz near Farrer Park

The quiet, predominantly low-rise Mergui Road area is set for a new buzz with the launch of the 106-unit Forte Suites today. The project, with homes ranging from one-bedroom units to penthouses, has seen about 20 per cent…

Local conservation experts in demand and increasingly sought on historic projects across the region

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Local conservation experts have been zipping across the region to give advice on historic building projects in places ranging from Myanmar to Calcutta and Penang. This is a far cry from the mid-1990s, when conservation expertise in Singapore…

Vivian Balakrishnan: Real estate players can export expertise globally

Real estate players in the Republic can actively grow and export their expertise and technology to cities around the world, MEWR Minister Dr Vivian Balakrishnan said on Mon. Speaking at the KPMG Global Real Estate and Construction Conference,…

CMPB to move to Upper Bukit Timah

The Central Manpower Base (CMPB) will be moving to Upper Bukit Timah Road, near the upcoming Cashew MRT station. Defence Minister Ng Eng Hen revealed this in a FB post on Mon. The CMPB is currently at Depot…

Declining prime home prices soften land demand

Singapore’s prime land price indices stayed flat, according to Knight Frank’s Prime Asia Development Land Index. The city-state is tenth on the list for prime residential and as well as prime office indices, trailing behind other Asian cities.…

Asia’s ultra-rich turning to commercial real estate investments to buck property cooling measures

Even Asia’s ultra-rich are feeling the bite of property cooling measures. More and more ultra-high net worth individuals (UNHWIs) are turning to commercial real estate developments in an attempt to foil different property cooling measures enacted by Asian…

DTZ: Demand for limited strata-titled shops props up values

Prices of retail space have been propped up by strong demand from investors for strata-titled shop units, which are limited in supply. This underpins the potential for capital value gains in the long term, a new report by…

The 3 cheapest places to park in Orchard Road for cars

Don’t you just hate paying for parking? As if owning the car and keeping it in a condition in which it’s actually able to move aren’t expensive enough, you need to pay just so you can leave it…

Waive resale levy for elderly flat buyers

What elderly flat buyers need is a waiver of the resale levy on their new flats (“Pay less cash upfront for small BTO flats”; last Thurs). Currently, if flat owners wish to downsize, they have to pay a…

Singaporeans settling for smaller houses to combat high residential prices

According to iProperty.com’s Asia Property Market Sentiment Report for H2, 45% of respondents indicated that lower price psf remained the most important incentive for homebuyers. Smaller unit sizes were a close second, with 40% of respondents choosing a…

CEA rejected applicant as real estate salesperson on grounds for having a full-time job

In July, I wrote to CEA to ask how I could register as a real estate salesman while working full time in another trade. I stated that I wished to be a licensed real estate salesman, but did…

Ensure S’pore remains a home for birds

While it is great to see thousands of birds taking up temporary residence here to escape the winter cold, as a bird photographer, I wonder if their numbers have dwindled as Singapore becomes more urbanised over the years.…

Lee Yi Shyan: Innovation key to meeting urban planning challenges ahead

As growing urban populations put pressure on infrastructure and amenities, governments will have to innovate to meet residents’ needs and Singapore is no exception, said Senior Minister of State for National Development Lee Yi Shyan on Mon morning.…

Increase train services on pedestrian nights

It is a good move to close a section of Orchard Road to vehicles once a month (“Stretch of Orchard Rd to be closed on ‘pedestrian nights'”; last Fri). Shoppers who patronise the shops and restaurants will bring…

Changi Airport T3 going for high-end hotel

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Construction work has started on a 10-storey hotel that will rise near Changi Airport T3 about a year from now. But instead of being built for budget-conscious travellers as was earlier planned, it will cater to a higher-end…

Ground-breaking ceremony for new Singapore Chinese Cultural Centre

PM Lee on Mon witnessed the ground-breaking ceremony for the new Singapore Chinese Cultural Centre (SCCC) in Shenton Way. The 11-storey centre, to be completed in 2016, will include an art gallery, a recital hall, a multi-purpose hall…

Hawker food prices don’t depend on hawkers only

I refer to the letter, “Stop unnecessary hawker centre renovations” (Sept 26), and agree that renovations should be kept to the essentials so that hawkers can provide good food at reasonable prices. In the example cited, rent was…

Chinese cities performing better than Singapore

Singapore ranked eighth in a list of the region’s most dynamic economies. According to the inaugural Best-Performing Cities Asia report by Milken Institute’s Asia Center, Singapore has shown transition from a low-cost location to an open intl economy…

Have express bus from Tampines to Ang Mo Kio

There are many workers at Ang Mo Kio Industrial Park 2 who live in Tampines. Currently, there are only two bus services we can take to work, services 72 and 22. These services ply very long routes and…

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