K-Reit may raise more funds after its rights issue
K-REIT Asia will look at more forms of financing once its $551.7 million rights issue is completed, Tan Swee Yiow, chief executive of the trust’s manager, told BT. The real estate investment trust (Reit) is holding an extraordinary general meeting today to get shareholder approval for a rights issue to raise $551.7 million in gross … Read more
End of property boom in sight?
WHAT IT IS FLASH estimates of the property market’s showing in the first three months of the year will be released by the Government tomorrow. The figures, released quarterly, track prices and rents of HDB flats and private property. They are based on caveats lodged in the first 10 weeks of each three-month period. Fuller … Read more
Different families, different needs
Instead of ballots, cater to individual applicants I REFER to the letter “Oh, that elusive HDB flat” (March 28). I emphathise with Samuel Lee and his frustration about the balloting system. My family (myself, my husband and two children) is in urgent need of a flat. As such, I was advised by the Housing and … Read more
Views from the top: Business confidence sagging?
Do you agree that business confidence in Singapore is at its lowest point in several years? Why? What can be done to boost confidence here? S’pore / Region remains sound WE ARE currently witnessing a crisis of confidence brought about by several forces, including high energy and commodity prices, the sub-prime mortgage crisis, reduced liquidity, … Read more
HDB resale market healthy but prices rising at slower pace
Total sale prices likely to be steady or higher while upfront cash demands may continue to slide. WHILE quiet may prevail in the private homes market, the resale market for HDB flats offers another picture – one filled with steady activities. Still, a number of potential HDB resale flat buyers are kept out of the … Read more
How to deny my father a share of my assets after I die?
Q I AM a 29-year-old executive with no assets except for some small savings, several insurance plans that will pay out on my death and an HDB flat that I will eventually co-own with my older sister. I am estranged from my father, who divorced my mother more than 10 years ago and has not … Read more
Will retiree be better off with annuity or rental income?
Q I AM wondering if I should continue to rent out my property or dispose of it and use the proceeds to buy an annuity that will provide a retirement income. Rentals will rise with inflation while an annuity is more or less fixed and will not keep up with inflation. Being a landlord, however, … Read more
Ritz-Carlton Residences: Putting on the Ritz
Luxury living goes up a notch with personal housekeeping and sommelier services at the first Ritz-Carlton Residences in Singapore. THE first Ritz-Carlton Residences in Singapore – and Asia – is sparing no expense to make its residents feel right at home. The 36-storey luxury residence in Cairnhill Road, which has 58 residential units, will feature … Read more
LTA awards site at Serangoon for transport hub development
SINGAPORE will have 10 integrated public transport hubs in about 10 years. The Land Transport Authority (LTA) yesterday awarded a ‘white’ site at Serangoon Central for an integrated development to a unit of Pramerica RealEstate Investors (Asia) and reiterated that four more integrated public transport hubs will be built – at Marina South, Jurong, Joo … Read more
Parking squeeze may take shine off new buildings
Rules vastly reducing carpark lots in new office buildings and malls are poised to bite. New office buildings and shopping malls coming up in the central areas of Singapore – especially in new downtown Marina Bay – are likely to feel the full force of existing rules limiting the number of parking spots allowed for … Read more
