Business park occupancy rates may hit new high
Business parks are set to see occupancy rates go beyond 90 per cent by the end of June this year to hit a new peak, according to property consultants CB Richard Ellis (CBRE). At the end of March, the average occupancy rate for business parks stood at about 88 per cent. CBRE said office space … Read more
Long Term Pass card to be issued to foreigners residing in Singapore
Singapore will introduce a new Long Term Pass (LTP) card to all foreigners residing in Singapore on Student’s Pass (STP), long term visit pass, Employment Pass (EP) and Dependant’s Pass. The move is part of the government’s initiative to enhance the national security of the country, said the Immigration & Checkpoints Authority (ICA) and the … Read more
Banyan’s Laguna buys land to expand Phuket resort
Laguna Resorts & Hotels Public Company Limited, the Thai unit of Banyan Tree Holdings Ltd, said it has agreed to buy a 38-hectare land parcel adjacent to Laguna Phuket from Cherng Talay Development Company Limited. The land will be developed for residential, hotel and commercial use. As part of this agreement, two land plots amounting … Read more
AmFraser calls buy on SingLand, target price $8.22 a share
AmFraser Securities Pte Ltd on Wednesday initiated a buy call on property group Singapore Land Limited and pegged its target price at $8.22 a share. At 3.45 pm, SingLand was trading around $6.19 a share, down 6 cents or 1 per cent from Tuesday’s close. ‘We put fair value at $8.22, based on a 30 … Read more
Urban Resort Condo
Urban Resort is located in the coveted District 9 of Singapore, right in the heart of Orchard Road. It’s only 3 minutes away from Somerset MRT Station and walking distance to Orchard Road shopping belt. This development consists of large 3 & 4 bedroom unit sizes which are a rarity in the city living Singapore. … Read more
Mass market stays buoyant as buyers find price is right
Flash estimates for Q2 show overall private home prices flattening; steady HDB resales keep mass market more active Flash estimates for property price indices are in with numbers suggesting that price-sensitive buyers are bargain hunting or scaling down their expectations altogether. The Urban Redevelopment Authority (URA) released estimates for the Q2 2008 price index for … Read more
Prime property districts’ prices show 1st fall in 4 years: DTZ
Downward pressure may increase as speculators dispose of units, it says Property prices in the prime districts of District 9, 10 and 11 have registered their first fall in four years and DTZ Debenham Tie Leung believes that this downturn in sentiment could spill over to the non-prime districts. In an analysis of resale prices … Read more
Private home prices may have peaked
URA estimates show mere 0.4% rise between April and June, the lowest growth in 4 years GROWTH in private home prices ground to a halt in the second quarter, dragged down by dismal market sentiment and a poor showing in the luxury segment. But things were cheerier among cheaper homes, with prices of suburban condominiums … Read more
Slowdown in private market spells end of en bloc fever
IT ROSE to fever pitch just 12 months ago, but as the latest property market figures roll in, the en bloc charge could be all but over for property owners and developers alike. Price growth in the private residential market slowed for the third straight quarter to 0.4 per cent, even as Housing Development Board … Read more
Prices of HDB resale flats still climbing
4.4% jump in second quarter, given strong demand, tight supply and higher valuations THERE is a buzz in the property market and it is in the heartland. HDB homes are continuing their bull run – even as private home prices stagnate – with prices rising 4.4 per cent in the second quarter. This is according … Read more
