Collapse or short term blip for SG RE?
by Sonia Kolesnikov-Jessop
After two years of exuberance, activity in the private housing market in Singapore has slowed to a near standstill. The number of new property sales, measured on a monthly basis, contracted 64.9 percent in April, as buyers became more cautious and took a wait-and-see [...]
Filed under: Condominium, General, Investment, Market Trend, Property News | Leave a Comment »
More instability expected in REIT market before it picks up
SINGAPORE: UBS said more instability is expected in the relatively cool real estate investment trust (REIT) market before it picks up, and this turnaround could happen as early as the last quarter this year.
Although REITs have been under pressure in the current volatile market, some [...]
Filed under: Investment, Market Trend, Property News, Reit | Tagged: Retail and healthcare REITs | Leave a Comment »
Mapletree and Arcapita form joint venture to hold JTC industrial portfolio
SINGAPORE: Mapletree Investments has formed a joint venture with Arcapita Bank of Bahrain to hold a portfolio of industrial properties bought from JTC Corp.
The assets are worth a combined 1.7 billion Singapore dollars.
Arcapita will hold a 56.5 per cent stake in the joint [...]
Filed under: Industrial, Investment, Property News, Reit | Tagged: Arcapita, Mapletree, Mapletree Industrial Trust | Leave a Comment »
SPRING Singapore building put up for sale
SINGAPORE: The SPRING Singapore building at No. 2, Bukit Merah Central has been put up for sale by expression of interest.
The property comprises a 22-storey tower block and a six-storey podium block.
SPRING Singapore sits on an area of 88,295 square feet and the building has a total [...]
Filed under: Commercial, Investment, Property News | Tagged: Bukit Merah Central, SPRING Singapore building | Leave a Comment »
Singapore expected to hold up despite gloomy global outlook
SINGAPORE: According to economists, the Singapore economy is seen meeting the government’s growth targets for the full year, despite a gloomy global outlook.
But they have warned that higher oil prices will drag down growth for the next two quarters.
Oil prices have been on the upsurge [...]
Filed under: Property News, Singapore Economy | Leave a Comment »
MTI to release 8 industrial sites in the second half this year
The Trade and Industry Ministry will release eight industrial sites with a total area of some 13 hectares for the second half this year.
Of these, only one is in the confirmed list, while the rest are released under the reserve list.
The site confirmed [...]
Filed under: Government Land Sales, Industrial, Property News | Leave a Comment »
Exciting vision for mega site
URA seeks to bring ‘24/7’ life to cluster near Bugis
AN EXCITING cluster of shops, homes, entertainment centres, hotel and office space — all set within an attractive garden-like environment in the heart of Singapore’s city centre.
This is the Urban Redevelopment Authority’s (URA) vision for the 2.7-hectare green field [...]
Filed under: Commercial, Condominium, Government Land Sales, Hotel, Investment, Market Trend, Property News, Retail | Leave a Comment »
New Project Launch by Developer: L’viv
Developer: WingTai
Address: 23 Newton Road (Dist 11)
Tenure: Freehold
Type of Development: Single 32 Storey Tower Block
Total Unit: 100
Site area: 3,984.20 sqm (42,886 sqft)
Unit Mix: 2 bedrooms (980sqft), 3 bedrooms (1475sqft), Penthouses
Expected TOP: 4th Qtr 2011
Special Features: Soaring through the night sky in a dazzling beacon of light, L’VIV is set [...]
Filed under: Condominium, Developer Launches, Investment, Property News | Tagged: District 11, Freehold, L’viv, Newton Road, WingTai | Leave a Comment »
Flash estimate of HDB resale flats prices up 4.4% in Q2
SINGAPORE: The flash estimate for prices of HDB resale flats rose 4.4 per cent in the three months to June, over the previous quarter.
This is slightly higher than the 3.7 per cent increase in the first quarter.
In the first half of the year, [...]
Filed under: HDB, Market Trend, Property News | Leave a Comment »
Flash estimates of private residential property prices up 0.4% in Q2
SINGAPORE: Private residential property prices rose 0.4 per cent in the second quarter of this year, according to flash estimates released by the Urban Redevelopment Authority.
This compares to the 3.7 per cent increase in the first quarter.
Prices of non-landed private residential properties increased [...]
Filed under: Condominium, Market Trend, Property News | Tagged: Clover by the Park, Core Central Region, Dakota Residences, Nassim Park, Outside Central Region, Parc Sophia, private residential property, Rest of Central Region, sell-out status, Suites 123 | Leave a Comment »
