S'pore hailed as Asia's best property investment market for 2011
Singapore has been named the best property investment market in Asia Pacific for next year, according to an Emerging Trends report jointly published by the Urban Land Institute (ULI) and PwC.Rounding out the list of the five most favoured investment markets are Shanghai, Mumbai, New Delhi and...
Continue Reading • 9 Dec 2010
Bank branch and two petrol stations up for auction
Global real estate services firm Jones Lang LaSalle (JLL) has been appointed by JTC Corporation to manage the sale by auction of three properties, including two petrol stations located at 302 and 400 Jalan Ahmad Ibrahim and a bank branch located at 325 Boon Lay Place.The property at 302 Jalan...
Continue Reading • 9 Dec 2010
Punggol EC project attracts good response
The Privé executive condominium development in Punggol has seen a good response from home buyers, receiving a total of 1,011 applications for the 680 units available for sale as of December 7.The 99-year leasehold condo comprises two- to four-room units across four 17-storey towers, with...
Continue Reading • 8 Dec 2010
Sim Lian plans unique condo project in Punggol
Sim Lian, which offered the highest bid for a 99-year leasehold private housing plot located near Punggol MRT Station, plans to develop a 16-storey condominium on the 2.75 hectare site.The site can be developed into a condo with around 810 units, and includes Matilda House, the only remaining...
Continue Reading • 8 Dec 2010
Sim Lian tops Punggol bid
A residential site at the junction of Punggol Central and Punggol Walk has attracted a total of 7 bids, with Sim Lian Land Ltd and Sim Lian Development Ltd offering a joint bid of $363 million, or around $4,373.55 psm of gross floor area (GFA).It was launched for sale on October 26 under the...
Continue Reading • 8 Dec 2010
DPS option still available for ECs
Real estate developers can continue offering the deferred payment scheme (DPS) for executive condominiums (ECs) since eligibility and ownership rules prevent speculation in these projects.However, home buyers hoping that the interest-only housing loans (IOL) and interest absorption scheme (IAS)...
Continue Reading • 8 Dec 2010
Singapore the top property investment destination
Singapore and Shanghai are among the Asian Cities considered to be the best property investment destinations, according to an industry survey.Singapore topped the rankings due to its strong economic growth and brisk business activity in the hi-tech and financial industries, according to a survey...
Continue Reading • 8 Dec 2010
Singapore, HK most attractive property markets in Asia
Singapore and Hong Kong are Asia’s most attractive markets for real estate investment, said property investment house Pacific Star Group.Pacific Star ranked 11 markets in Asia based on several factors including economic outlook, expected total returns, projected property vacancy rates, ease...
Continue Reading • 7 Dec 2010
Tulip Garden up for en bloc sale
Tulip Garden, a 164-unit condo development near CapitaLand’s d’Leedon project, has been put up for collective sale by property consultancy firm Credo Real Estate, with a minimum price tag of $650 million, or approximately $1,250 psf ppr.If sold, the property will be the third-largest...
Continue Reading • 7 Dec 2010
New projects draw out home buyers
All units at the Robinson Suites, except for the five penthouses, are said to have been sold over a three-day period last week.Three shop units on the ground floor of the 167-unit, 42-storey project have also found buyers.According to The Business Times, the three shops and 132 residential units...
Continue Reading • 7 Dec 2010
Investors bullish on Asian property market
Real estate investors are extremely optimistic about the property outlook and total returns available in developing markets in Asia and Latin America compared to Europe, according to a latest survey.About 100 participants at the 2010 Thomson Reuters Global Property Outlook conference were polled...
Continue Reading • 6 Dec 2010
Grand Isle Holdings acquires Segar Road site
Grand Isle Holdings Ltd has acquired a 20,834.1 sq m land parcel at Segar Road after offering the highest bid of $182 million in a public tender that closed on December 2.HDB launched the site for sale on October 5 under the confirmed list of the government’s 2H2010 GLS programme.The land...
Continue Reading • 6 Dec 2010
GLS Programme adds $9.4bn to state coffers
Supported by a buoyant real estate market, the GLS Programme has added $9.4 billion of revenue to the government coffers in the first 11 months of this year, five times higher than the $1.8 billion of sales seen in 2009.The figures were revealed by Simon Cheong, head of the Real Estate Developers...
Continue Reading • 6 Dec 2010
Six more private estates to get facelift
The Ministry of National Development (MND) under the Estate Upgrading Programme has selected another six private estates to undergo upgrading at an estimated cost of $21 million.Since the programme was launched in 2000, MND has already spruced up 38 private estates over six batches, spending $117...
Continue Reading • 3 Dec 2010
Segar Road site receives 5 bids
A land parcel at Segar Road received a total of five bids in a public tender that closed on Thursday.The 20,834.1 sq m site, which was launched for sale on October 6, received the highest bid of $181.9 million from Grand Isle Holdings.“The top bid of $181.99 million reflects $271 psf/plot...
Continue Reading • 3 Dec 2010
CapitaLand-led consortium unveils d'Leedon condo
A CapitaLand-led consortium has unveiled the d‘Leedon, a 1,715-unit residential development located at the former site of Farrer Court. Designed by internationally-renowned Pritzker Architecture Prize winner Zaha Hadid, the 99-year leasehold project will comprise 1,703 apartments and 12...
Continue Reading • 2 Dec 2010
CapitaLand launches d'Leedon condo
One of Asia’s largest real estate companies CapitaLand has begun marketing the 1,715-unit d'Leedon project. The development’s showflat has been built and property agents have started giving out flyers to potential buyers.d'Leedon, which will be built on the former Farrer Court site,...
Continue Reading • 2 Dec 2010
Average home sizes shrink
With the development of shoebox apartments and a bigger proportion of smaller units in condo developments, the average size of non-landed homes used to estimate housing supply in the GLS Programme has shrunk.To arrive at the average size for every home assumed, The Business Times chose sites by...
Continue Reading • 2 Dec 2010
Lion City Hotel, Hollywood Theatre sites for sale
Lion City Hotel in Geylang and the adjoining Hollywood Theatre site have been put up for sale, with a price tag expected to exceed $300 million, excluding the development charge.The two plots, along with a substation site nearby, have a total gross floor area (GFA) of 507,924 sq ft. The URA has...
Continue Reading • 2 Dec 2010
NTUC Choice Homes to launch the Privé
NTUC Choice Homes Co-operative, along with its joint venture partner CEL Development, has announced that it will open the Privé, the first executive condominium at Punggol Field / Punggol Road, for viewing and application from December 3 to 7.Ms. Margaret Goh, chief executive of NCH, said:...
Continue Reading • 1 Dec 2010