Allgreen to contest appeal related to Regent Garden
Allgreen Properties Limited said it would ‘vigorously contest’ the notices of appeal related to its Regent Garden enbloc purchase that was served to the property developer on Friday. ‘Allgreen was served today with notices of appeal. This appeal is curious given that the sale and purchase of Regent Garden was completed earlier today. Allgreen intends … Read more
Property seems paler, but it’s anyone’s call
Volumes shrink, prices weaken but some segments are holding firm BASED on the latest monthly developer sales data from the Urban Redevelopment Authority (URA), property prices could be on the downward trend. Developer sales fell, with April seeing only 274 transactions. This is about 9 per cent lower than the 301 units sold in March, … Read more
Leng Beng says S’pore real estate market sustainable
CityDev boss sees further investment opportunities ahead HOTEL and property tycoon Kwek Leng Beng believes Singapore’s real estate market is sustainable and further investment opportunities lie ahead. ‘I am also waiting for the opportunity … to go in and buy at the right time,’ he said at a property conference yesterday. The executive chairman of … Read more
CDL chief Kwek Leng Beng awaiting right time to buy
PROPERTY tycoon Kwek Leng Beng has warned that most property investors follow the herd instinct and wait too long in a cautious market – then make a wrong move. The executive chairman of City Developments (CDL) said he remains upbeat about prospects for the real estate scene in Singapore, despite recent weak sales volumes. Mr … Read more
Further drop in new home sales and launches in April
Prices also show signs of weakening as buyers adopt a more cautious stance THE private home market continued to weaken last month, with launches of new homes falling to their lowest level in at least 10 months. Sales volumes and median prices also dipped, according to monthly figures released by the Urban Redevelopment Authority yesterday. … Read more
Interest in Asian property seen growing
GIC Real Estate says weaker market favours those taking strategic position THE sub-prime crisis may have affected Asian property markets, but interest in the sector is likely to grow. The Government of Singapore Investment Corp’s (GIC) real estate arm is also confident about investment opportunities going forward. ‘There is plenty to go around – we … Read more
NTUC Income to sell Beach Rd property
AMID a quiet property market, NTUC Income is selling a small commercial property in Beach Road that could fetch around $24 million to $26 million. Beach Junction, at 67 Beach Road, is a 999-year leasehold building opposite Shaw Towers. It sits at the junction of Beach Road and Middle Road. Beach Junction: The 999-year leasehold … Read more
Bar raised; no gold BCA design awards
THE Building and Construction Authority (BCA) announced the results of its 2008 Universal Design Awards yesterday. Out of 34 entries – one more than in the inaugural competition last year – three buildings garnered a silver award and six attained a bronze award. Buildings were judged on six criteria – connectivity, accessibility, user-friendliness, safety, aesthetics … Read more
CDL reveals what it does for society and environment
CITY Developments Ltd (CDL) yesterday launched its first annual report focusing on the property developer’s impact on the environment, such as energy usage and carbon emissions. The 54-page voluntary report, one of the first of its kind for a Singapore public-listed company, also details CDL’s activities and performance on various social and environmental issues, including … Read more
US sub-prime crisis hurting Asian property: GIC
THE sub-prime crisis in the United States is starting to weaken Asian property markets, said the real estate arm of the Government of Singapore Investment Corporation (GIC) yesterday. GIC Real Estate president Seek Ngee Huat told a regional property conference that the impact of the crisis could hasten downtrends in the Asian property markets, according … Read more
