PwC appointed IFA to Sim Lian privatisation
PricewaterhouseCoopers (PwC) has been appointed by Sim Lian Group (SLG) as its independent financial adviser (IFA) to advise the independent directors in relation with the voluntary conditional cash offer for the company...
Continue Reading • 17 Aug 2016
S’pore luxury home prices up 7.9% in Q2
Singapore was listed ninth on Knight Frank’s Prime Global Cities Index for Q2 2016, with luxury home prices increasing 7.9 percent in the year to June 2016. Vancouver topped the list yet again...
Continue Reading • 16 Aug 2016
MAS clarifies rules for deferred payments
The Monetary Authority of Singapore (MAS) has clarified that deferred payment schemes should be taken into account by banks when computing how much a private property buyer can borrow, media reports said...
Continue Reading • 16 Aug 2016
URA launches sale of Fernvale Road site
A residential site at Fernvale Road in Sengkang was launched for sale by public tender on Tuesday (16 August), said the Urban Redevelopment Authority (URA)...
Continue Reading • 16 Aug 2016
5 best-selling projects in July 2016
Property developers in Singapore sold 1,921 housing units in July, including executive condominiums (ECs), compared to just 768 units in the previous month...
Continue Reading • 15 Aug 2016
Developer sales more than doubles in July
Sales of new private homes, excluding executive condominiums (ECs), more than doubled to 1,091 units in July, up from 536 units sold in the month before, according to URA data...
Continue Reading • 15 Aug 2016
Singapore developers face record debt maturities
Property firms in Singapore are facing record debt maturities – $1.8 billion of local currency bonds this quarter, $1.2 billion in the fourth quarter and another $3.7 billion next year – just as home sales...
Continue Reading • 15 Aug 2016
Highly anticipated white site in Marina Bay triggered for sale
A white site within the Marina Bay area that was on the reserve list of the second half 2016 Government Land Sales (GLS) Programme has been triggered for sale, after an unnamed developer...
Continue Reading • 12 Aug 2016
PropertyGuru, NTUC to help estate agents amid tough environment
In a bid to equip real estate agents in Singapore with new skills to tackle dwindling property sales amid tough market conditions, PropertyGuru partnered with NTUC U Associate for its ninth Agent Summit...
Continue Reading • 12 Aug 2016
Clementi flat sold for over $1 million
An 18th-storey flat in Clementi Avenue 3 was sold for $1,005,000 on the resale market earlier this month – a record for a 5-room Housing Board flat outside the iconic Pinnacle @ Duxton project, media reports said...
Continue Reading • 12 Aug 2016
Govt mulls building HDB flats in prime areas
National Development Minister Lawrence Wong said the government is considering building public flats in prime areas, like the planned Greater Southern Waterfront, in order to make the city accessible to all,...
Continue Reading • 12 Aug 2016
CDL reports better-than-expected quarterly results
Singapore-based City Developments Limited (CDL) announced on Thursday (11 August) a resilient set of financial results for the second quarter of 2016,...
Continue Reading • 11 Aug 2016
Boon Keng DBSS flat sold for $1.1m
Despite a depressed resale market, a 28th-floor flat at City View @ Boon Keng was sold for $1.1 million – a record price for a Design, Build and Sell Scheme (DBSS) unit, media reports said...
Continue Reading • 11 Aug 2016
Foreigner jailed for subletting condo and flat to sex workers
The district court has sentenced a 26-year-old tenant from China to three months imprisonment and a fine of $12,000 for subletting his condominium apartment in Woodlands to three sex workers...
Continue Reading • 11 Aug 2016
4 reasons why Indonesians invest in Singapore
Wealthy Indonesians have long had an interest in collecting residential properties in Singapore. In 2014, Indonesia accounted for 24 percent of Singapore’s property purchases,...
Continue Reading • 11 Aug 2016
More bungalow sales seen in Sentosa Cove
Sentosa Cove has witnessed an improvement in bungalow deals lately, with the bulk sale for the 10 remaining bungalows on Pearl Island, one of the district’s five man-made islands, entered into, said media reports...
Continue Reading • 10 Aug 2016
What caused condo pool’s glass panels to shatter?
The glass panels around a fifth-floor swimming pool at a Balestier condominium shattered due to a blocked drain, media reports said. Fortunately, no one was hurt during the incident...
Continue Reading • 10 Aug 2016
Sim Lian founder launches cash offer to privatise developer
An investment holding company owned by the Kuik family and led by Kuik Ah Han, Founder and Executive Chairman of Sim Lian Group (SLG), is looking to privatise and delist the property developer...
Continue Reading • 10 Aug 2016
How has Singapore’s real estate market changed in 51 years?
It’s been 51 years since Singapore separated from Malaysia in 1965, and in this time the city-state has established itself as a global force to be reckoned with,...
Continue Reading • 9 Aug 2016
Frasers Centrepoint’s Q3 net profit falls 15.1% on lower development
Frasers Centrepoint Limited (FCL) saw its net profit for the third quarter ended 30 June 2016 drop 15.1 percent to S$154 million, while revenue fell 32.5 percent to S$682.1 million...
Continue Reading • 8 Aug 2016