URA launches sale for Woodlands Regional Centre site
A land parcel in Woodlands Regional Centre has been launched for sale by public tender by the Urban Redevelopment Authority (URA) yesterday.This is the first sale site in the Woodlands Regional Centre since its detailed plans were unveiled as part of the 2013 Draft Master Plan.Situated within...
Continue Reading • 18 Dec 2013
Five residential sites released for sale this month
To provide developers and buyers with more housing options, the government is releasing five residential sites for sale in December which could yield about 3,000 units.The sites are being released under the 2H2013 Government Land Sales (GLS) Programme. The one at Geylang East Avenue 1 (pictured)...
Continue Reading • 16 Dec 2013
Real estate agents rake in the cash
Real estate agents in Dubai earned commissions worth the equivalent of more than S$478.5 million during the first 10 months of 2013.According to information from the Dubai Land Department, all property organisations registered under RERA, the regulatory arm of the Dubai Land Department, receive a...
Continue Reading • 16 Dec 2013
Property market more subdued in 2014?
With the government unlikely to roll out any new policies in 2014, next year is expected to be more subdued than 2013 which saw various property cooling measures, stated media reports quoting analysts. However, they are not ruling out the possibility of the government revising some of the...
Continue Reading • 16 Dec 2013
URA awards Gambas Crescent site to Far East unit
An industrial site at Gambas Crescent (Parcel 3) has been awarded to Far East Organization subsidiary Grow-Tech Properties, revealed the URA on Friday.Offered on a 30-year lease, the site attracted four bids when the tender closed on 10 December.Grow-Tech Properties submitted the highest bid...
Continue Reading • 13 Dec 2013
Sim Lim Square shop for sale
The only shop space on the ground floor of Sim Lim Square (pictured) is up for sale by expression of interest (EOI), said marketing agent CBRE.With a strata area of around 2,756 sq ft, the unit attracts a high volume of shoppers due to its open concept, with escalators and lifts just next to...
Continue Reading • 13 Dec 2013
Ocean Financial Centre now fully occupied
Keppel Reit’s Ocean Financial Centre is now fully occupied, according to the trust’s manager.This means that all of its five Singapore properties are now 100 percent occupied, which is higher than the average CBD occupancy in Singapore of 93.5 percent in Q3 2013. “We...
Continue Reading • 13 Dec 2013
JTC closes tender for three plots in Tuas South
The tender for three industrial sites (Plots 20, 22 & 24) at Tuas South Street 10 closed on Thursday, revealed JTC Corporation.Offered on leases of 21 years and seven months, the sites have a maximum permissible gross plot ratio of 1.0 and are zoned Business 2.With a site area of 3,036.2 sq...
Continue Reading • 13 Dec 2013
Singaporeans go shopping in Melbourne
Singaporean company Chip Eng Seng has paid around AUD$45.2 million for the landmark St Kilda Road property through its Australian subsidiary CES Properties (Australia), continuing the trend of major Melbourne commercial assets being snapped up by Singaporean groups.The sale of the fully-tenanted...
Continue Reading • 12 Dec 2013
Price declines predicted in Asia
Respected media company CNBC has reported that 2014 will see lower prices in regional real estate markets, although the predicted declines offered by many will not be as drastic as some market commentators are expecting.In a media report yesterday it reported: “A taper tantrum won't be the...
Continue Reading • 12 Dec 2013
Region's tallest tower set for Johor
His Royal Highness The Sultan of Johor has launched The Astaka @ Bukit Senyum (pictured), which is poised to become the region's tallest residential tower.Situated at the junction of Jalan Tebrau and Jalan Lingkaran Dalam, The Astaka comprises two condominium towers of 65- and...
Continue Reading • 12 Dec 2013
Free Saturday seminar at EC showflat
Asia's leading property portal PropertyGuru will hold a consumer seminar at the Ecopolitan Sales Gallery in Punggol Walk this Saturday, starting at 12.30pm. The event will touch on two recent developments affecting the property market – the URA Draft Master Plan 2013 and the three new...
Continue Reading • 12 Dec 2013
Units at first ‘retirement resort' pricey, say experts
Prices at Singapore’s first retirement housing development appear to be on the high side, media reports quoting experts said.Indicative prices show a 398 sq ft to 431 sq ft one-bedroom may cost at least S$400,000, or around S$1,005 psf, while a 506 sq ft to 560 sq ft two-bedder could go for...
Continue Reading • 12 Dec 2013
District Watch: District 23
In every edition of The PropertyGuru, we’ll be taking a closer look at one district in Singapore. We’ll be looking at the key buying factors and identifying properties worth a closer look. In this edition, Cheryl Tay and Nikki De Guzman shine the spotlight on District 23....
Continue Reading • 12 Dec 2013
EC buyer's buying power hit
The government’s revision of the executive condominium (EC) scheme will see developers being more mindful of a buyer's income ceiling and the project’s affordability. “Affordability of ECs will be hit by the new mortgage servicing ratio (MSR) which is capped at 30 percent of the...
Continue Reading • 11 Dec 2013
4 bids for Gambas Crescent industrial site
An industrial site at Gambas Crescent (Parcel 3) attracted four bids when the tender exercise closed on Tuesday, revealed the Urban Redevelopment Authority (URA). Launched for sale on 31 October, the site has an area of 14,301.9 sq m and a maximum permissible gross plot ratio of 2.5. It is zoned...
Continue Reading • 11 Dec 2013
Singapore drops five places on worries of oversupply
Singapore is predicted to remain a favoured market in Asia for real estate investment and development in 2014, despite slipping five places in an annual real estate investment ranking survey.Emerging Trends in Real Estate Asia Pacific 2014, a real estate forecast jointly published by the Urban...
Continue Reading • 11 Dec 2013
SkySuites@Anson starts from $968,000
Developer Allgreen Properties will launch its 72-storey SkySuites@Anson this weekend, according to marketing agent Knight Frank.Located at Enggor Street in the Tanjong Pagar area, the development has a site area of 30,011.1 sq ft and comprises 360 units of one- to three-bedroom apartments. Unit...
Continue Reading • 10 Dec 2013
Little India riot won't depress property prices
Sparked by the death of an Indian worker hit by a private bus, the riot in Little India on Sunday night saw hundreds of foreign workers attacking police and burning vehicles, making it the first major riot in Singapore in more than 40 years. While it stunned many, analysts believe the riot is...
Continue Reading • 10 Dec 2013
Two residential sites up for collective sale
The Eunosville apartment has been re-launched for collective sale with its owners expecting a minimum asking price of S$688 million, marketing agent Jones Lang LaSalle said.The 330-unit property first went en bloc in June 2013, but interested developers requested for more time to assess the...
Continue Reading • 10 Dec 2013