Stories By: The Business Times (2,990 Articles Found)

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Crypto billionaire Zhu Su in early stage of buying S$49m GCB as trustee for 3-year-old

Singaporean crypto billionaire Zhu Su is understood to be in the early stage of buying a bungalow in Yarwood Ave on 31,862 sqft of land for S$48.8 million. The price works out to S$1,532 psf on the land…

Brokers’ take: OCBC, UOBKH, RHB retain ‘buy’ on certain property players despite fresh cooling measures

Despite anticipating negative knee-jerk reactions on the share prices of property players following Wed’s earlier-than-expected round of cooling measures, several brokerages went against the grain to retain their “buy” ratings on some of these stocks. This comes as…

Singapore home prices buoyant as demographics support demand

Long-term demographic and population trends could underlie increases in private residential demand and prices, even as low interest rates, a strong HDB resale market and concerns of supply constraints remain at play. The IREUS looks at the trajectory…

Bukit Timah condo project Perfect Ten dangles 5% discount amid cooling measures

The 230-unit luxury freehold development Perfect Ten, slated to go to the market this Sun, is now offering buyers a one-time, 5 per cent discount at its launch weekend. The project’s developer, Hong Kong-based CK Asset Holdings, is…

Investors, foreigners, en bloc hopefuls to bear brunt of new property cooling measures

Higher upfront costs and tighter financing conditions from Singapore’s latest cooling measures are expected to significantly shrink investor appetite in the property market, especially for sales of high-end homes. Foreign buyers, en bloc candidates and developers could also…

Hike in BTO supply may ease HDB resale price surge, but construction delays still a concern

The rise in resale prices of public housing flats will likely ease slightly as the 34 per cent increase in supply of BTO flats brings more options to buyers, analysts said Thurs. Nicholas Mak, head of research and…

Increased supply from MND’s confirmed-list private housing may not sate developers’ appetite

The government is raising the supply of private homes from sites on its confirmed list for the next-half by about 40 per cent compared with the current half, against the backdrop of a buoyant property market over the…

Work from office capacity may never hit 100% again

Business owners are relieved at the option to have staff back at the workplace – but the flexibility of working from home is also set to stay, even as Covid-19 restrictions are eased in the new year. Ang…

Isetan says no success in potential sale of Wisma Atria space

Isetan (Singapore) said it had not gathered enough interest from investors to purchase its space at the Wisma Atria shopping mall on Orchard Road. The department store operator had in July started an EOI exercise to gather interest…

Singapore property developers will face ‘immense’ pressure from higher ABSD: Redas

Redas said the latest set of cooling measures was “rather unexpected”, considering the property market is just beginning to emerge from the challenging Covid-19 situation. The quantum of increase in the ABSD rates, especially the revised land ABSD…

MND increases confirmed list private housing supply (including ECs) by 39% but clips reserve list supply

MND on Thurs announced that it is increasing the supply of private housing in the confirmed list of the GLS Programme for first-half 2022 to 2,785 units (including 495 EC units). This is 39 per cent higher than…

SGX rolls out mandatory climate reporting for financial, energy issuers from 2023

Climate reporting will be mandatory for issuers in the financial, energy, and agriculture, food and forest products industries from FY commencing 2023, SGX said on Wed. Listed companies from the materials and buildings, and transportation industries would also…

Sanguine outlook for new private home market heading into 2022

The positive momentum in the private housing market could spill over into 2022 as developers are poised to close 2021 with a robust showing, analysts say. Developers have sold 12,467 new private homes in the first 11 months…

Home improvement is largely consumption that generates little return on investment

In the days before the Covid-19 pandemic struck, all that many people required of a home was a comfortable bed to get a good night’s rest. Weekdays could be filled with long hours spent in offices, followed by…

Condo, HDB rents see bump in prices, volume as more VTLs open

Singapore’s rental markets are seeing some uplift as border restrictions ease and more countries get added to the VTL scheme, property analysts noted on Wed. For the month of Nov, rents and the number of condominiums and HDB…

Industrial and logistics most sought-after real estate assets in Asia-Pacific in 2022: Colliers

Industrial and logistics (I&L) assets will be the most sought-after real estate assets in the APAC region next year, while core and core-plus office spaces are the top investment preference for investors globally, Colliers said in its 2022…

With troubles behind it, CDL can enter 2022 with a spring in its step

The Covid-19 pandemic hit hotels hard. While property giant City Developments Limited’s (CDL) property development and investment properties segments were profitable in the first half of 2021, its hotel operations posted a loss of S$143 million. Operating metrics…

November sales of new private homes double to 1,546 units

Sales of new private homes rebounded in Nov as developers moved 1,546 units, up 70 per cent m-o-m and about double the number of homes sold in the corresponding month a year ago. The figures are analyst estimates…

Despite onerous restrictions, buying a PLH flat can pay off

Buying a BTO flat from HDB is often a no-brainer for young couples starting on their home-ownership journey. In the Nov BTO exercise, applicants had another option to consider of whether to apply for a flat sold under…

Singapore condo resale prices continue to rise in Nov; volumes recover: SRX, 99.co

The recent easing of restrictions on viewings and displaced owners as a result of en blocs are among likely reasons for the recovery of condominium resale volumes in Nov, said property analysts. Condominium resale volumes rose 2.4 per…

Sultan Plaza, City Plaza join ranks of en bloc hopefuls

As more ageing properties in Singapore are trying again to go en bloc, the Sultan Plaza commercial building and the City Plaza mall may be next in line. If their collective sale tenders are launched, the reserve prices…

Tanglin Shopping Centre makes 4th collective sale attempt at S$828m

Tanglin Shopping Centre is making a fourth try for a collective sale with a guide price of S$828 million, Savills announced on Mon. This works out to S$2,642 psf ppr based on the GFA of 313,435 sqft. The…

Baode Building launched again for collective sale at S$27m indicative price

Baode Building has been put up for collective sale again with an indicative price of S$27 million, said Colliers on Mon. The last collective sale attempt by the freehold 8-storey residential building was in July 2021, at the…

After sky-high prices, Singapore’s power sector is due for some adjustments in 2022

A manic year for Singapore’s electricity sector – rattled by gas curbs and skyrocketing spot prices, and exacerbated by a global energy crisis – has turned into a wake-up call for the energy regulator. EMA is mulling tweaks…

Lee family of OCBC selling 6 semi-Ds at S$43.18m

Pulau Properties – owned by the Lee Foundation and members of the Lee family that founded OCBC Bank – is selling 3 pairs of semi-detached houses on a freehold site in Coronation Road West for S$43.18 million. The…

Mapletree Logistics Trust’s latest acquisitions, equity raising could sow doubt among investors

Mapletree Logistics Trust (MLT) does not appear to be the sort of Reit that would face much difficulty raising capital to acquire assets and expand its property portfolio. With Mapletree Investments as its sponsor, MLT theoretically has access…

JPMorgan, Nuveen acquire 50% interests in One George Street for US$472m each

One George Street has been sold to a JV between JPMorgan Global Alternatives and Nuveen Real Estate for US$944 million (S$1.29 billion). On Mon, the two companies said they will each take 50 per cent interest in the…

Next year’s more substantial reopening seen boosting recovery

Singapore’s business scene is set for a brighter year ahead, on both a recovery and structural growth factors, industry watchers say. The republic is headed for a more substantial reopening in the new year, especially as economists find…

Singapore’s hub appeal takes a hit from Covid

With intl borders affected and migration flows disrupted, Singapore’s focus on the domestic situation in the past two years of the Covid-19 pandemic has chilled the climate for foreign investors, watchers have told BT. While Singapore still has…

Philips seen as selling last of its Toa Payoh properties

Health technology company Philips is in the process of selling its remaining industrial property in Singapore. BT understands that discussions to sell the property, at 622 Lorong 1 Toa Payoh, are in advanced stages. Word on the grapevine…

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