S’pore private home prices up 0.2% in Q2
Urban Redevelopment Authority’s private home price index increased 0.2 per cent in second quarter 2008 over the preceding quarter, slower than the 3.7 per cent quarter-on-quarter increase posted in Q1 2008. The official price index for offices increased 0.7 per cent quarter-on-quarter in Q2 2008 while shop and industrial property prices posted gains of 0.7 … Read more
HDB resale flat price index up 4.5% in Q2
Housing & Development Board’s resale flat price index increased 4.5 per cent in Q2 2008 over the previous quarter, higher than the 3.7 per cent gain in Q1 2008. Resale transactions increased by about 22 per cent, from about 6,360 cases in Q1 2008 to about 7,760 cases in Q2 2008. The median cash-over-valuation (COV) … Read more
Cross-appeal filed for Gillman enbloc
Ankerite Pte Ltd, the entity that purchased Gillman Heights Condominium, has filed a cross-appeal to the Court of Appeal. Previously, the High Court has dismissed an appeal by minority owners of Gillman Heights to stop the $548 million (US$402 million) sale of the development to CapitaLand, Hotel Properties and two private funds. The Strata Titles … Read more
Sim Siang Choon to buy Chase Perdana
Sanitary-ware distributors, Sim Siang Choon Ltd, said on Friday that it has entered into a binding Memorandum of Understanding (MOU) on Thursday with Empire Holdings Ltd to buy Chase Perdana. Empire is the controlling shareholder of Chase Perdana Chase, which is currently engaged in diversified operations in the property development and investment, financial services and … Read more
P-Reit beats 2Q08 forecast by 6%
Parkway Life Real Estate Investment Trust (P-Reit) on Friday said that its distributable income for Q208 came to $10.0 million (US$7.3 million), exceeding the forecast of $9.4 million by 6.4 per cent. Distribution per unit (DPU) for the three months ended June 30, 2008 was 1.66 cents. This was also 6.4 per cent higher than … Read more
Public housing hots up while private cools
Prices for public housing on the resale market have risen, while those for private property have moderated for the second quarter of 2008. According to latest official figures, there has also been little upward movement in the private property rental market. Data for the HDB resale and rental markets based on transactions in Q2 saw … Read more
Gardens by the Bay construction will not be deferred
Singapore’s Gardens by the Bay project is on track for completion by the end of 2010. National Development Minister Mah Bow Tan said the project is unaffected by the government’s recent decision to defer S$1.7 billion worth of public-sector building projects – a move meant to ease the pressure on the construction industry in Singapore. … Read more
Sentosa Gateway Tunnel to be built to ease outbound traffic to city
A “Sentosa Gateway Tunnel” is set to be built so that motorists can circumvent the busy traffic in the Harbourfront area to get into town. The Land Transport Authority (LTA) said the tunnel will connect outbound traffic from Sentosa island directly to Kampong Bahru Road and Keppel Road. It is part of plans to improve … Read more
Slow demand for office space hits rents
SINGAPORE’S booming office market is facing a drop in demand and a slowdown in rents that have left many wondering: What happens next, when a host of new developments are launched? Tight supply and high demand, mostly from financial institutions, made Singapore the ninth most expensive office market in the world, ahead of rival Hong … Read more
Expats rank S’pore as world’s best place to live
Poll of foreigners in 49 locations puts the Republic ahead of US, HK SINGAPORE has emerged as the best place to live in the world in a survey of more than 2,000 expatriates by HSBC Bank. The Republic also ranked first for quality of accommodation and second for luxury living. COMING UP TOPS: Singapore takes … Read more
