Office rents nearing peak as supply increases: Report
Impact of US sub-prime crisis, Singapore’s rising inflation and weaker growth curbing rentals AFTERmore than two years of relentless rises, Singapore’s office rents look to be finally peaking as more supply comes on stream. A CB Richard Ellis (CBRE) report said the impact of the United States sub-prime crisis, rising inflation in Singapore and more … Read more
SLA to auction off eight vacant plots for homes
THE Government has put a further eight small plots of vacant land on sale, some in prime districts like Ridout Road, near Peirce Road. These infill sites have been popular with buyers who want to build their homes from scratch – but the catch is that the sites are on 99-year leases, and some of … Read more
HDB neighbours from hell? This minister knows all about it
But there are sweet moments too, as National Development Minister and former HDB lad Mah Bow Tan recounts of his own HDB Experience. He tells LI XUEYING how the Housing Board, which received the United Nations Public Service Award for its home-ownership programme on Monday, remains relevant five decades after its birth MR MAH Bow … Read more
Do away with HDB cash upfront payment
I HOPE the HDB will review its policy on 5 per cent cash upfront payment for those taking bank loans. In the current market, HDB flat sellers ask for cash above valuation, on average at least $20,000 to $30,000. A buyer who takes a bank loan has to fork out another lump sum to meet … Read more
Flight to quality may cool office rents in places
Spiralling rentals almost ground to a halt in Q2 with more cautious economic climate For office tenants in Singapore wearied by steep rental hikes in the past couple of years, some relief is at hand. The sharp escalation in office rents screeched almost to a halt in the second quarter of this year as a … Read more
Ho Bee’s robust sales prompt more launches
SOME developers are riding on the pick-up in home-buying mood created by Ho Bee’s Dakota Residences preview last week to launch their own projects. Mainboard-listed Sim Lian Group, for one, has sold about 100 units of its Clover By The Park condo at Bishan St 22 since it began previewing the development on Wednesday at … Read more
Frasers Commercial Trust gets listing nod
SGX has issued an eligibility-to-list for the admission of units in FCOT to the main board THE way has been paved for Fraser and Neave (F&N) to list Frasers Commercial Trust (FCOT), a real estate investment trust (Reit). F&N said yesterday that the Singapore Exchange has issued an eligibility-to-list for the admission of units in … Read more
For sale: 8 infill sites for housing use
THE Singapore Land Authority (SLA) said yesterday that it would sell eight infill sites for residential use. The sites will be offered at a public auction on Aug 21 at M Hotel in Anson Road. They will be sold with fresh 99-year leases. The auction comes after one in November 2007 at which six infill … Read more
Brunei prince fights to keep Nassim mansion
Worth at least $120m, it was used by the prince up to year 2000 THE fight between Brunei’s national investment firm and the sultan’s brother, Prince Jefri Bolkiah, has reached Singapore’s courts. The prize in this legal battle: the prince’s now-unoccupied Nassim Road mansion, worth at least $120 million and believed to have housed valuable … Read more
6th Design, Build and Sell site up for sale in Toa Payoh
30% of units built must be equivalent to 4-room or smaller HDB flats THE Housing and Development Board (HDB) is selling a site on Lorong 1A Toa Payoh by tender under the Design, Build and Sell Scheme (DBSS) – the sixth since the first such site was awarded in January 2006. The latest site measures … Read more
