Asia’s real estate market remains optimistic: Grace Fu
THE outlook for Asia’s real estate market, including Singapore’s, remains optimistic, notwithstanding the recent shake-up in the global financial markets and rising inflation, said Senior Minister of State for National Development Grace Fu on Tuesday. Asia will continue to be resilient and the growth momentum across the region can withstand the challenges posed by the … Read more
CapitaLand acquires 62% of KL’s Sungei Wang Plaza for S$250m
Property developer CapitaLand has acquired about 62 per cent of Sungei Wang Plaza, one of the most established retail malls in Kuala Lumpur. It paid about S$250 million for the purchase, which includes retail space and parking lots. Sungei Wang is a prime freehold property along the main Bukit Bintang shopping precinct in the Malaysian … Read more
CapitaLand buys 62% of M’sian mall for US$183m
Southeast Asia’s largest property developer CapitaLand said on Wednesday it had paid $250 million (US$183 million) for 62 per cent of a retail mall in Malaysia. CapitaLand chief executive Pua Seck Guan said the latest acquisition puts the Singapore-listed firm on track to set up its Malaysian retail real estate investment trust (Reit) by end … Read more
Meyer Residence
Set in the East Coast of Singapore, far away from the maddening crowd, is the Meyer Residence. The high rise freehold condominium is a fine example of modern sophistication and elegance in today’s fine living. Location: 3 Meyer Place Tenure: Freehold Expected Completion: 2009 Total Units: 68 Unit Types: 2 Bedroom ~ 904 sq ft … Read more
Is the easy property money outside Asia?
In the property world, the momentum appears to be with Asia. Funds designed to buy offices in Tokyo or build homes in China and India are sucking up money from Western investors eager to enter a region so far only grazed by the global credit crunch. But is the easy money to be made elsewhere? … Read more
Bids for Woodleigh condo site lower than estimates
Top bid from Frasers Centrepoint is $270 per sq ft per plot ratio The tender for a residential site at Woodleigh Close has closed, with the Urban Redevelopment Authority (URA) receiving a top bid of $270 per sq ft per plot ratio (psf ppr). The 1.08 ha site near Potong Pasir MRT station was launched … Read more
Woodleigh site draws six fairly low bids
The tender for a Woodleigh Close residential site attracted plenty of interest, but the bids were all on the low side. Six hopefuls lined up for the 1.08ha, 99-year leasehold site with Frasers Centrepoint lodging the top bid of $87.68 million, or $270 per sq ft (psf) of gross floor area. This falls well below … Read more
Property values updated to match market rates
I REFER to last Wednesday’s letter, ‘Property tax raised twice in a year’ by Mr Tan Wenfa. Property tax is based on the annual value of a property, which is the estimated market rental of the property if it were to be let out. Annual values of properties need to be updated whenever they have … Read more
Applicants stand better chance in latest HDB sale
The latest Housing Board sale of new flats in Woodlands attracted three applicants for every flat on offer. This shows that recent new rules designed to deter frivolous applications appear to be working, said the executive director of HSR property group, Mr Eric Cheng. He said demand for the latest flats was still strong, but … Read more
A cohesive nation, thanks to the HDB
In some countries, an apartment can be the heart of the family, or just a place to store clothes and a bed. In others, it is the unattainable dream, a symbol of security as far away as the moon. In Singapore, a 48-year-old programme has turned home ownership into a formidable tool to create cohesive … Read more
