Singapore

More than 1.3 million households across Singapore will receive their copy of the 2015 IKEA Catalogue when it gets dropped off at homes from today (28 August). Launched annually, the latest issue has got over 300 pages of interior design ideas and solutions, and is a popular go to guide for those...

Continue Reading • 28 Aug 2014

Singapore investor sentiment climbed to its highest level in Q2 2014 since Q1 2013, on the back of a more positive view of the property, fixed income as well as mutual fund sectors, according to the Manulife Investor Sentiment Index as reported in the media. Notably, investor sentiment rose by...

Continue Reading • 27 Aug 2014

Following HDB’s announcement in June that Tanglin Halt will be redeveloped under the Selective En bloc Redevelopment Scheme (SERS), several flats in the estate have entered the market commanding premium prices, according to media reports. For instance, PropNex agent Andy Azaly Suboh has...

Continue Reading • 27 Aug 2014

A new platform will be added to the Tanah Merah MRT station to help commuters travelling towards Expo and Changi Airport. With a third platform, there will be two tracks for the East-West Line and another two, heading to and from Changi Airport. With this, trains are expected to arrive and depart...

Continue Reading • 26 Aug 2014

Singapore’s inflation dipped to 1.2 percent in July from 1.8 percent in the previous month on a year-on-year (y-o-y) basis. Core inflation climbed to 2.2 percent from 2.1 percent in June, lower than Barclays’ forecast of 2.3 percent. “The main cause of the decline in headline...

Continue Reading • 26 Aug 2014

Cheng Hsing Yao was appointed Managing Director of GuocoLand Group’s Singapore property division earlier this month. With more than 16 years of experience in real-estate, urban planning and architecture, Cheng is now responsible for the company’s operations and management. He was previously...

Continue Reading • 25 Aug 2014

The Municipal Services Office (MSO) will be set up on 1 October 2014 to improve the government’s overall coordination and delivery of municipal services. The office will be part of the Ministry of National Development (MND), and, Minister at Prime Minister’s Office and Second Minister for the...

Continue Reading • 25 Aug 2014

At the National Day Rally on 17 August, Prime Minister Lee Hsien Loong said he has been talking to Malaysian Prime Minister Najib Razak about siting the terminus for the High Speed Rail (HSR) in Singapore in the Jurong Lake District. “So we are discussing with the Malaysians, we have not settled...

Continue Reading • 20 Aug 2014

A Municipal Services Office (MSO) will be set up as a single authority to coordinate various government agencies to focus on service delivery. Agencies include HDB, Land Transport Authority (LTA), National Environment Agency (NEA), National Parks Board (NParks), PUB, Police, People’s...

Continue Reading • 19 Aug 2014

The move will reinforce the Savills brand in Singapore and the region. Global property consultancy Savills has rebranded its property management business from SavillsCKH to Savills Property Management. The name change, along with a logo update, is expected to reinforce the Savills brand as an...

Continue Reading • 19 Aug 2014

A residential site at Lorong Puntong (pictured) and an Executive Condominium (EC) site at Sembawang Road / Canberra Link are launched for sale today under the H2 2014 Government Land Sales (GLS) Programme’s Confirmed List. Together, these two sites can yield about 900 residential units....

Continue Reading • 18 Aug 2014

Singapore’s sixth rail line, the Thomson-East Coast Line (TEL), will be fully operational in 2024. The 13-kilometre East Coast stretch of the TEL covers areas such as Tanjong Rhu, Siglap, Marine Parade, Upper East Coast and Bedok South. It will be fully underground and will have nine...

Continue Reading • 18 Aug 2014

Taller and more extensive garden and flower displays this year.  The popular Singapore Garden Festival has returned for the fifth time at a new location – Gardens by the Bay. This year’s show will wow the crowds with bigger, taller and more extensive garden and flower displays from local and...

Continue Reading • 18 Aug 2014

Singapore’s first Art Price Confidence Index to be introduced. Art collectors and investors looking to acquire impressive pieces of artwork can log on to a new portal called Kwerkeeart.com. Launched recently by Singapore-based Kwerkee Art, it offers a marketplace for artists in Singapore...

Continue Reading • 18 Aug 2014

Koh Brothers Group’s net profit jumped 138 percent from $4.8 million in Q2 2013 to $11.5 million in Q2 2014. The record profit was on the back of higher group revenue mainly due to its real estate division which contributed higher sales in Q2 2014 and H1 2014, said Francis Koh, Managing...

Continue Reading • 15 Aug 2014

Although the government has reiterated that property cooling measures will be kept in place, some real estate consultants are still calling for a review of earlier curbs, which they believe may have become “redundant”, reported the media. Speaking at the annual National Real Estate...

Continue Reading • 13 Aug 2014

KSH Holdings announced a net profit of $9.6 million in the first quarter ended June 30, 2014 (1Q FY2015), compared to $11.4 million in the previous corresponding quarter (1Q FY2014). Group revenue, which comprises project revenue and rental income from investment properties, stood at $62.5...

Continue Reading • 13 Aug 2014

Cameras will be installed at all 10,000 HDB blocks and multi-storey car parks (MSCPs), as part of the Community Policing System (COPS). Since May 2012, a total of 18,000 police cameras have been installed in 3,300 HDB blocks and MSCPs across all 16 Town Councils and the 87 wards that they cover,...

Continue Reading • 13 Aug 2014

Five residential estates, in Bedok, Bukit Merah, Jurong West, Marine Parade and Yishun, will have new road safety features as part of the Silver Zone pilot programme to make roads safer for the elderly. These estates have a large population of seniors and a relatively high accident rate involving...

Continue Reading • 13 Aug 2014

While the number of completed but unoccupied private homes in Singapore is growing, property watchers believe the vacancy rate is still “healthy”, reported the media. In fact, they even expect the number to increase over the next few years, with the suburbs witnessing the most...

Continue Reading • 12 Aug 2014