Hamilton Scotts offers a garage in the sky
IF you are the sort who cannot bear to take your eyes off your beloved car when you are ensconced in your home, then make an appointment to view the apartment units at Hamilton Scotts. Located at 37 Scotts Road, the 30-storey luxury development by developer Hayden Properties is the first in Asia to feature … Read more
Posh condo on sale amid weak market
A LUXURY condominium that lets residents park their cars right in front of their high-rise units has been released for sale at a price analysts consider rather steep, given the quiet market. The Hamilton Scotts project – it has special lifts to bring the cars to the desired floor – will likely be listed at … Read more
Super-prime Orchard mall rents hit record $54.40 psf
5.3% increase qoq is highest of all retail micro markets tracked by CBRE CHANEL, Gucci, Louis Vuitton are big brands that scream ‘high fashion’ on Orchard Road. But lately, the screams are more likely to be the painful result of rising rents. CB Richard Ellis (CBRE) said that super prime retail space – defined as … Read more
Morley aims for US$10b Asia-Pac property portfolio
MORE property deals in Singapore and the region could be in the making for Morley Fund Management, as it aims to build a US$10 billion real estate portfolio across the Asia-Pacific in the next four to five years. The Aviva-owned asset manager now has about US$1.3 billion committed to real estate in the region. It … Read more
Frasers Centrepoint in $180m Allco deal
Allco Commercial Reit to be renamed Frasers Commercial Trust IN what appears to be a sign of consolidation in the Singapore real estate investment trust (Reit) market, Frasers Centrepoint (FC) is buying 17.7 per cent of Allco Commercial Reit and 100 per cent of the Reit’s manager, Allco Singapore, for a total consideration of $180 … Read more
HSBC’s new home loan package inverts model
Customers may pay lower rates in successive years in Sibor-pegged deal HSBC is launching a radical home loan package – featuring a decreasing interest rate spread – which is making some rivals scratch their heads. HSBC’s new Sibor- pegged home loan package with loyalty discount gives a reduction in the interest rate margin charged in … Read more
Look beyond the gloom and doom
Crises are some of the best times to invest in so make full use of opportunities that avail themselves in a challenging market THERE is hardly a time when the investment climate is free of geo-political issues, inflation, deflation or bubbles. The current situation is no different. The key differentiating factor lies in our focus … Read more
HSBC unveils mortgage plan that promises interest savings
In its new scheme, interest rate charged on top of benchmark rate drops each year HOME loan customers typically expect to fork out a higher interest rate on the anniversary of their mortgages. But in a novel move, HSBC has become the first bank in Singapore to turn this conventional practice on its head. It … Read more
HSBC unveils mortgage plan that promises interest savings
In its new scheme, interest rate charged on top of benchmark rate drops each year HOME loan customers typically expect to fork out a higher interest rate on the anniversary of their mortgages. But in a novel move, HSBC has become the first bank in Singapore to turn this conventional practice on its head. It … Read more
Will landlords face a possible over-supply?
3 new malls, 5 million sq ft SHOPAHOLICS can look forward to a fresh injection of 5 million sq ft of new retail space by the end of next year, according to Knight Frank’s calculations. By then, at least three big new malls are projected to be ready to welcome shoppers: West Coast Plaza, Illuma … Read more
