Daily Archives: June 17, 2019 (23 Articles Found)

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Developer monthly sales analysis – Record number of new homes in RCR sold above S$2,000 psf

New private home sales rebounded strongly as more projects were launched prior to the June holidays. 1,394 new private homes were released for sales last month. Undaunted by the cooling measures and uncertain economic outlook, the market was…

Rapid e-commerce growth to drive Singapore’s logistics services sector: Colliers report

The rapid growth in e-commerce demand for retail purchases represents an opportunity for the logistics services market to grow further in Singapore, said Colliers Intl in a report. The Glimpsing the Road Ahead: Reshaping the Logistics Market report,…

Private home sales up 30% in May, driven by good commissions in some projects

The number of new homes launched in May surged more than 200 per cent in May but sales were up 30 per cent – most of which went to projects that paid good agent commissions, analysts say. Some…

SMRT, SBS Transit to build rail competence together, sign MOU with ST Engineering

In a move which will see Singapore’s two rail operators working formally together for the first time, SMRT and SBST signed a collaboration MOU with defence and engg group ST Engg on Mon. At a signing ceremony at…

Man gets jail, caning for scribbling racist graffiti targeting Malays in Geylang area

A man vandalised various private and public properties in Geylang and Aljunied with a permanent marker in early Jan this year, a court heard. Some of the vandal’s works involved racist graffiti. At the State Courts on Mon,…

New private home sales surged in May but analysts say it is still a buyers’ market

Private home sales shot up by almost 30 per cent in May, compared with Apr, as property hunters were able to choose from significantly more new launches during the month in an already saturated market. Some property analysts…

150 people evacuated after fire breaks out at Sim Lim Square

About 150 people were evacuated from Sim Lim Square on Mon after a fire broke out on the fifth floor of the IT mall. SCDF said it responded to the fire at 1 Rochor Canal Road at about…

New private home sales drop 15.2% year-on-year in May

Sales of private homes by developers in Singapore fell 15.2 per cent in May from a year earlier, according to data released by URA on Mon. Developers sold 952 units last month compared to the 1,122 units sold…

ESR-REIT proposes equity fund raising to raise gross proceeds of up to $150 mil to finance property acquisition, AEIs

The manager of ESR-REIT has proposed an equity fund raising exercise to raise gross proceeds of up to $150 million. Around $44.4 million, or 29.6% of the gross proceeds of the equity fund raising, will be used to…

Industrial property sales jumped 27.6% to $1.3b in Q1

Industrial property sales activity picked up by 27.6% YoY, with 286 factory and warehouse properties sold for over $1.3b in Q1 2019, according to Savills. Some major resales of land parcels that boosted the investment value include single-user…

Hong Kong restaurant Mott 32 opening in Singapore

Hong Kong restaurant Mott 32 will open at MBS by the end of this year. Operated by MBS and Maximal Concepts, the 7000 sqft space will occupy the space of Italian restaurant Nostra Cucina on level B1 at…

Singapore’s culture of innovation key to attracting real estate investment

With cities across the world making rapid progress in developing future-looking economies, JLL believes Singapore can stay ahead of competition by continuously nurturing its culture of innovation and entrepreneurship. This would ensure continued acquisition of global talent as…

Rivière unit sold to company director’s relative for $2.225 million

A relative of Frasers Property’s director has acquired a residential unit at Rivière at a four percent discount. Chan Sze Min, a relative of company director Chan Heng Wing, paid $2.225 million or $2,720 psf for the eighth-floor…

UOB reaffirms offer to buyers of two condo projects under receivership

UOB has reaffirmed its offer to bear the additional costs to complete the construction of two unfinished residential projects which have been put under receivership after their developers ran into financial difficulties. However, the bank, which is the…

Unit at Marina Bay Suites for sale at $5.8 mil

A 2,680 sqft, four-bedroom unit at Marina Bay Suites along 3 Central Boulevard in District 1 will be put up for auction on June 19. This is a mortgagee’s sale with a guide price of $5.8 million ($2,164…

Alice Tan to join List Sotheby’s as new director of research, Southeast Asia

Alice Tan will be joining List SIR as the new director of research & consulting for SEA. The appointment will take effect from July 1. Tan joins List SIR’s from Knight Frank, where she was last director of…

Do something about otters before accidents happen

Otter sightings in rivers and seas around the island are pleasant encounters, but not on roads, especially congested thoroughfares. I am concerned for the safety of these animals as well as that of road users. Otters were spotted…

Shift to new ERP system starts next year with free in-vehicle unit swop

Motorists can expect to have their vehicles’ ERP readers replaced from next year, in preparation for the roll-out of the next generation of the ERP system. LTA said that the existing ERP in-vehicle units (IUs) will be replaced…

‘Clutter culprits’ a bane to their neighbours

For some HDB residents, walking to or from their flats is akin to negotiating an obstacle course. Some of them have to squeeze past bulky sofas while others must avoid wet laundry hanging on wall-mounted racks. Yet others…

Quaint home on Happy Avenue East seeks ‘right’ owner

On Happy Ave East, off MacPherson Road, there is a home that peeks over its two-storeyed neighbours. Adorned with a red roof, gently curved, the house boasts a facade of floor-to-ceiling windows on the first and attic levels,…

BreadTalk launches Singapore’s first Wu Pao Chun Bakery

BreadTalk announced that Wu Pao Chun has launched its first bakery in Capitol Singapore on June 14. The 350 sqm bakery, which is named after the founder, is the result of a partnership between BreadTalk Group and Wu…

Singapore a melting pot for Proptech

A proptech wave is building up in Singapore – recently named the world’s third most innovative city in JLL’s Innovation Geographies study. Driving this is the Singapore government’s Smart Nation initiative that was kicked off in 2014, laying…

HDB residents ask ‘are you going to stamp out creativity?’

Marketing manager Louisa Tan, 33, was taken aback last month when she found three of her father’s grape and passion fruit plants outside their HDB flat chopped to small stumps. A neighbour living in their Serangoon estate had…

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