Private home price up but at slower rate
URBAN Redevelopment Authority’s latest flash estimate shows that the price index for private homes in Singapore rose 4.2 per cent in Q1 2008 over the preceding quarter. This was lower than the 6.8 per cent quarter-on-quarter rise registered in Q4 last year. URA also released today the flash estimates of the price changes in the … Read more
HDB and private property prices up in Q1 flash estimates
Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority. The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year. On a quarter on quarter basis, the biggest rise in property prices … Read more
Asia’s property market shines
Global investors are showing a lot of interest in Asia because of the region’s strong economic fundamentals, reports UMA SHANKARI THE future for investment markets across the world is mixed, but Asia should emerge from the current turmoil as the most attractive location, property analysts say. Coming off the sub-prime crisis in the US, global … Read more
Rolling times for hotels and tourism
The sector is set to offer exciting products and experiences over the next few years, write CHEE HOK YEAN and DOREEN GOH SINGAPORE’S tourism and hotel industry turned in a stellar performance in 2007, with record levels in visitor arrivals and trading performance. Total international arrivals crossed the 10-million mark in 2007, rising 5.4 per … Read more
CapLand revamp to focus on China, Singapore
CAPITALAND chief executive Liew Mun Leong will take a more direct role in the company’s China outfit and Singapore residential business as the developer looks to those segments for growth. Under changes announced yesterday, Lim Ming Yan, chief executive of the company’s China business, and Patricia Chia, head of its Singapore residential unit, will report … Read more
Making the city more dense and compact
Sustainability is about retrofitting a city and allowing for local initiatives, reports MATTHEW PHAN MALONE-LEE Lai Choo, director of the environmental management programme at the National University of Singapore, is no stranger to city planning. Prior to academic life, she headed the conservation division at the Urban Redevelopment Authority and was deputy director of strategic … Read more
Makeway View en bloc deal falls through
Development charge higher than expected, says buyer The $162.8 million collective sale of Makeway View in the Newton area to an associate of Bravo Building Construction has been rescinded. BT understands that the one per cent of purchase price paid by Bravo so far has been forfeited. A Bravo spokeswoman told BT yesterday that it … Read more
Two en bloc sales delayed; developer asks for more time
Bravo’s deals involve Tulip Garden for $516m and Pender Court for $80m A SMALL property firm that snapped up enough sites to place it among the top en bloc players last year has put off completing two deals while it ties up funding. Because of the delays, owners at one condo are still waiting to … Read more
Applicants lose out in build-to-order project
I WOULD like to voice my frustration over the unfairness of the recent so-called ‘launch’ of the Jade Spring Phase 2 project. I’m sure many other unsuccessful applicants for Phase 1 feel the same way. My girlfriend and I applied for Jade Spring Phase 1 (we didn’t know there were two phases when we first … Read more
Five-year terms for Home Office Scheme
PROPERTY owners can now run businesses from home for five-year periods instead of the previous three-year terms. The change, which kicked in today, was to ‘provide greater convenience to home office users’ and help them formulate longer-term business plans, said the Housing Board (HDB) and the Urban Redevelopment Authority (URA) yesterday. The Home Office Scheme … Read more
