DC rate hike lower than expected
Average industrial rates up 16.8%, muted increases for most other uses THE government yesterday announced modest, lower-than-expected increases in development charge (DC) rates for most use groups, except industrial. ‘Limited transactions in the past six months, amidst cautionary sentiment set about the US sub-prime debacle, were probably an important factor for the moderate gains this … Read more
Property development charges barely budge
Small revision of fees points to dwindling deals, slow price growth IT’S official: the property market has gone deathly quiet. Teh Government barely tweaked development charges in its semi-annual revision of fees yesterday, reflecting the property sector’s subdued state over the last six months. Development charges, which can run in the millions of dollars, are … Read more
Small development tax increase sign of property slowdown
In the latest signal that the market for private homes has cooled, the Ministry of National Development (MND) yesterday announced minimal changes in the development charges for residential sites. A tax on property developers for site enhancement, the development charges payable in the next six months for non-landed residential sites were raised on average by … Read more
More landed housing sites up for auction
THE Urban Redevelopment Authority (URA) has launched the second phase of Sembawang Greenvale after auctioning all parcels in Phase One last October. In the first phase, 12 sub-divided landed housing plots near Sembawang Beach were auctioned for a total of $37.09 million, which works out to about $285 per square foot (psf) of land on … Read more
URA auctions 11 land parcels in Sembawang
The Urban Redevelopment Authority (URA) is auctioning 11 land parcels along Sembawang Road/Andrews Avenue as part of its plans for a landed housing estate in the area. The plots constitute the Phase 2 development of the Sembawang Greenvale project, and can accommodate 90 dwellings, comprising of one bungalow, 16 semi-detached houses and 73 terrace houses. … Read more
Listed firms’ profits soar 39% to $33.6b
Property , banking and agricultural groups lead list in exceptional year. LISTED companies in Singapore enjoyed exceptional growth last year, with their combined profits surging 39.1 per cent to $33.58 billion. Sizzling economic growth meant healthy growth across just about all sectors. But not surprisingly, the top performer in absolute numbers among companies with financial … Read more
Banner year worn ragged by future fears
Listed companies report sparkling results; 2008 may be a different story. The results have been good, but the celebrations are on hold. While many companies here can point to healthy report cards for their fourth quarter and full-year results, the market is not excited. Instead, investors look ahead to the challenges that could affect corporate … Read more
Designer furniture: Reality check
Home owners here are buying reproductions of classic designer furniture at a fraction of the price LIKE many Singaporean home owners, personal banker Karen Teo has furnished her five-room HDB flat in Sengkang with pieces of furniture that are well-known in the design world. TIGHT BUDGET: Ms Karen Teo and Mr Jeremy Lee bought Arco … Read more
Makeover to add night buzz to Singapore River
Walkways, trees and water will be bathed in light in time for upcoming river-centred activities THE Singapore River is getting its biggest makeover since 1999, when $16 million was spent to improve the pedestrian walkways there. Work, to begin next month, will be geared towards creating a night-time buzz along the historic, 3km stretch from … Read more
Jazzing up S’pore River’s sights and sounds
COME September, visitors will be treated to a new look and an enhanced experience of the sights and sounds of the Singapore River. The Singapore Tourism Board (STB), together with the Urban Redevelopment Authority (URA), yesterday announced plans for a series of infrastructural developments as well the staging of new signature events to promote the … Read more
