En bloc woes at Toh Tuck Road
Residents complain of noise, dust, as developer builds showflat ‘It’s like living in a shipyard’ It’s not chirping birds that wake them now, but pounding hammers. And it has been driving some Goodluck View residents up the wall. The 20-year-old Toh Tuck Road estate has been sold en-bloc, but residents have been given a six-month … Read more
Dakota Residences
In a pristine corner of the eastern quarters in Singapore lies an address you will be proud to call home. An outstanding location that places all you need and want in life at your fingertips, Dakota Residences is perfect for your exemplary lifestyle. Impressive views and superb connections frame this undisturbed oasis presenting you with … Read more
Developers face higher funding costs
PROPERTY developers in Asia face a ‘double whammy’ of rising credit spreads on loans and banks lending less against the value of new projects, a senior Asian property fund manager said yesterday. And the wider interest margins that banks have been demanding on loans since the start of the financial market turmoil are likely to … Read more
Regent Garden owners file appeal despite sale completion
ONE of Singapore’s most unusual collective sale disputes, over Regent Garden, is now headed for the Court of Appeal even though the sale was completed yesterday. Last month, the High Court ruled that the $34 million sale of the West Coast Road condo to Allgreen Properties must go ahead. But now, the owners of 23 … Read more
Construction starts on US homes rise by 8.2%
Growth comes from a big jump in apartment building construction Construction starts on new US homes posted the biggest increase in more than two years in April, rising by a surprisingly strong 8.2 per cent and applications for new building permits turned up for the first time in five months, the Commerce Department reported in … Read more
Chicago Spire: World’s tallest condo in US hit by pullout of many S’pore buyers
Two-thirds backed out after US sub-prime crisis took a turn for the worse LOCAL condominiums are not the only ones suffering from the recent sharp downturn in property market sentiment. Two-thirds of Singapore buyers have backed out of their purchases of units in the much-hyped Chicago Spire in the United States, The Straits Times understands. … Read more
Reit market may see mergers, privatisations
AS THE market for listed property trusts in Singapore matures, it is likely that some will merge or go private. There has been ‘a lot of speculation’ that such movements will take place soon, said experts on real estate investment trusts (Reits) at a regional property conference this week. There are ‘three to five Reits … Read more
Seeing green with Capitafrog
CAPITALAND unveiled a green mascot called Capitafrog as it launched its Building a Greener Future programme at Raffles City on Thursday. The property group is looking at making the mascot into a soft toy and will unveil further green initiatives in the coming months. To drive home the green message, some 100,000 green shopping bags … Read more
Rewarding good workmanship
A TOTAL of eight awards and four certificates of merit have been given out under this year’s Building and Construction Authority (BCA) Construction Excellence Awards, out of a total of 16 nominations. The competition, introduced in 1986, principally recognises builders’ workmanship, focusing on downstream post-design implementation – specifically, project management, technical capability and quality of … Read more
Rental rate to fall 25%: Bank
Barclays Capital says market has peaked, rent to drop 5% this year and more in next 2 years Have home rentals peaked? With a looming rush of new supply, one bank is predicting that they could fall by as much as 25 per cent by 2010. That is good news for tenants, but not so … Read more
