Asian Real Estate takes centre stage at Cityscape Asia 2010
Cityscape Asia 2010, the world’s largest B2B real estate investment and development exhibition and conference event, will be held at Suntec Singapore from May 18-20, 2010.Event organizer, Cityscape, said that the global property world is gradually shifting its attention to Asia to unveil...
Continue Reading • 9 Apr 2010
Keppel Land upbeat about prospects for residential sector
In its latest annual report, Keppel Land stated that it is upbeat about prospects for residential properties in Singapore and other major markets it operates in.Last year, the property developer sold 384 homes in the country and 3,100 overseas.Keppel Land now plans to release more waterfront...
Continue Reading • 9 Apr 2010
Auctions for high-end homes hit $13 million in Q1
According to the latest figures released by Colliers International, more high-end homes surfaced at the auction scene during the first three months of 2010, mostly involving owner sales.Properties that changed hands in the first quarter reached to about $13.4 million – higher than in any...
Continue Reading • 9 Apr 2010
First sale site in Jurong Lake District up for tender
The first site for sale at Jurong Lake District, one of Singapore’s latest commercial hubs, will be launched for tender in two weeks.The Urban Redevelopment Authority (URA) said that a developer has committed to bid at least $350 million for the 1.9-hectare land parcel.This is the first...
Continue Reading • 9 Apr 2010
Bad timing for Toh Tuck Apartment collective sale
A group of homeowners are hoping to cash in on the property market by launching an en bloc sale.Toh Tuck Apartment, which is located off Upper Bukit Timah Road, has been put up for sale by tender. The freehold residential site comprises 13 apartment units, each averaging 223 sq m.With an asking...
Continue Reading • 8 Apr 2010
Developers unlikely to rush into en bloc market yet
As the Singapore property market continues to heat up, more projects are expected to be released for collective sale this year.This is good news for all developers eager to spice up their land banks, but one expert says that they are not rushing into the en bloc market just yet.“The problem...
Continue Reading • 8 Apr 2010
Hougang Avenue 2 site up for tender
The Urban Redevelopment Authority (URA) will launch a residential site at Hougang Avenue 2 for tender, after it accepted an application from a developer with a minimum bid of $109.9 million, or $241 psf ppr.The 99-year-leasehold site is on the Reserve List of the government land sales (GLS)...
Continue Reading • 8 Apr 2010
MBFC Tower 2 almost fully leased
Marina Bay Financial Centre (MBFC) Tower 2 is almost fully leased, after an existing tenant took on more space and a new one came on board.Prudential Asset Management in Singapore will be leasing one and a half floors at the building, which works out to about 37,000 sq ft of space. It will move...
Continue Reading • 8 Apr 2010
HDB releases Hougang land site for tender
HDB is releasing another residential site – Hougang S13 – at Tampines Road for sale by public tender today.The tender for the 2,662.2-sq-m land site, which is proposed for residential housing project, has a minimum bid price of $6.5 million, and will close at noon on May 6.Nestled in...
Continue Reading • 7 Apr 2010
Unexpectedly high bids for Yishun industrial site
A 60-year leasehold industrial site at Yishun Avenue 6 (Parcel 1) has received overwhelming response from property developers.Seven parties had expressed their interest on the tender by the time it was closed yesterday. OKH Management submitted a top bid of $71 psf ppr or $27.2 million, which is...
Continue Reading • 7 Apr 2010
Value of property investment deals drop 8.5% to $2.64bn
The value of property investment deals during the first three months of the year fell 8.5 percent quarter-on-quarter to $2.64 billion, after three straight quarters of growth.Based on figures gathered by DTZ Research, investments in the industrial segment stood out in Q1 2010 compared to last...
Continue Reading • 7 Apr 2010
UOL to preview Waterbank at Dakota project this week
As property launches continue to buzz, UOL Group is anticipated to preview the Waterbank at Dakota condo project this week. The asking price for this project ranges from above $1,000 psf to around $1,300 psf.Over the weekend, CapitaLand sold 110 units at The InterLace in the Alexandra Road area...
Continue Reading • 6 Apr 2010
Singapore jumps two spots in office costs ranking
Singapore has climbed two notches on the latest bi-annual list of the most expensive office locations in the world.However, according to a report released by Colliers International, the country’s competitiveness in office occupancy costs continued to improve, as the gap between rental rates...
Continue Reading • 6 Apr 2010
Colonial buildings along Stamford Road up for sale
The government will soon launch the iconic stretch of colonial buildings along Stamford Road for sale.Capitol Building, Stamford House and Capitol Theatre are part of a huge parcel of land that will go on sale in about two weeks, after a property developer committed to put in a bid of at least...
Continue Reading • 5 Apr 2010
Units at Amaryllis Ville going above $1,200 psf
The transaction prices of units at Amaryllis Ville along Newton Road have increasingly reached the $1,000 psf level since June last year.In January, prices at the 311-unit twin-tower condo project came close to the 2007 peak of $1,514 psf, when a 656-sq-ft unit was sold for about $1,371 psf or...
Continue Reading • 5 Apr 2010
Private property prices defy government's cooling measures
The private homes market in Singapore continued to resist the government’s cooling measures, recording another quarter of price increases.URA’s flash estimates showed that the private price index of private residential properties for Q1 rose to 174.2 points. This is 5.1 percent higher...
Continue Reading • 5 Apr 2010
Major developers facing depleting landbanks
Major property developers, who were caught off guard by last year’s robust home sales, are now faced with fast depleting landbanks.Based on research compiled by property consultancy firm DTZ, half of the 16 major developers in Singapore had less than 1,000 residential units left in their...
Continue Reading • 5 Apr 2010
Singapore HDB - Upgraders out of the action in Q1 2010
Public housing upgraders made up two-thirds of private home buyers in the country in 2009.However, they were notably out of the brisk action in Q1 2010, which saw around 4,000 private residential units snapped up – more than twice the 1,860 units sold in the previous quarter.Several...
Continue Reading • 1 Apr 2010
Singapore Properties - Office and industrial markets show signs of stabilizing
The office and industrial property markets in Singapore are showing signs of improvement.Property consultancy firm DTZ Research said that office occupancy rates have improved in the first quarter of 2010. The average office occupancy rate in the country rose 0.7 percentage-point on-quarter to...
Continue Reading • 1 Apr 2010
Property Investment - Colliers tender for freehold industrial site
Colliers International, a property consultancy firm, has launched the tender of a 32,544-sq-ft freehold industrial site at 21 Kim Keat Road, with an asking price of $42 million.The asking price works out to $734 psf ppr, inclusive of a possible development charge of $25 million.The site is...
Continue Reading • 31 Mar 2010