Daily Archives: February 8, 2019 (10 Articles Found)

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Ascendas Reit accepts letter of offer from JTC for site of Grab’s new HQ

Ascendas Reit has accepted a letter of offer from its controlling unitholder JTC for a 30-year leasehold interest for land at one-north that will be developed into a build-to-suit (BTS) facility. The land premium is S$84 million, and…

Singapore to remain Asia’s most vibrant office market

Singapore is expected to remain one of Asia’s top occupier locations and the firmest office market in the region, according to Colliers Intl’s Asia Market Outlook 2019. It revealed that the city-state recorded the highest growth in average…

Majority of Braddell View owners approve $2.08 billion price for en bloc sale

The 918-unit Braddell View residential project in District 20 is poised to be launched for collective sale after it secured the approval of at least 80 percent of its owners, Colliers Intl said. Braddell View has about 61…

I moved to Jurong to truly understand why ‘West is best’

Two months ago, I wrote an article exploring the Singaporean phenomenon of ‘east-side pride’. Needless to say, when the article was published, east-siders loved it. West-siders on the other hand, weren’t as pleased. A few lamented that I…

Higher ABSD deters homebuyers in 2019

Findings from the EdgeProp-Knight Frank Homebuyers’ Sentiment Survey conducted in 4Q2018 revealed that higher ABSD rates from last year’s property cooling measures are the main hurdle facing homebuyers in 2019. This latest round of property cooling measures, announced…

Investments into niche assets hit 10-year high to $1b

Singapore’s niche asset types are in the spotlight as investments in shophouses, medical suites, nursing homes, carparks, dormitories, and petrol station sites have achieved a 10-year high of more than 40 deals amounting to a total of $1b…

More households switch electricity retailers, pay 20% to 30% less

The nationwide rollout of the OEM is “progressing well”, with more households choosing to switch electricity retailers, said EMA on Fri. Consumers who have switched electricity retailers pay about 20 per cent to 30 per cent less than…

Number of households receiving HDB proximity grant nearly doubles

The number of households that received a government grant for buying a home to live with or near their parents or children has nearly doubled, said HDB on Fri. Since the launch of the Proximity Housing Grant in…

‘Burning smell’ in eastern part of Singapore not caused by local sources, no haze detected: NEA

Several parts of eastern Singapore such as Tampines, Bedok and Pasir Ris experienced a strong burning smell on Fri morning. Some pedestrians were spotted wearing face masks amid hazy surroundings around the Tampines area. NEA said that it…

Distribute wealth when HDB owners reap a windfall

The Government should make sure that housing policies do not exacerbate the social divide through the lottery effect (Million-dollar HDB flats: Location, type and size count; Feb 4). In recent years, the focus has been to ensure upward…

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