Balcony size: The bigger, the better
If recent condominium project launches are anything to go by, expansive balconies are hot among homebuyers ALL it took was one look at the big balcony spanning the living room and the master bedroom, and the deal was sealed for Mrs Jean Hong. The 47-year-old company director bought a three-bedroom unit for close to $1,500 … Read more
CapitaLand Q2 profit falls 43.5% to $515.2m
Group hopes to list Malaysia retail Reit on Bursa Malaysia by end-2008 Capitaland group president and CEO Liew Mun Leong has urged analysts and journalists ‘not to be overinfected with what’s happening in the US’. He made this call yesterday at the property group’s briefing on its results – which saw second-quarter net profit falling … Read more
Developers must take own initiatives to go green: Leng Joo
CDL MD says it’s not sustainable to have long-term govt subsidies Depending on the government for more subsidies to encourage developers to go green is not sustainable, said City Developments managing director Kwek Leng Joo. ‘I don’t think it’s sustainable to look to the government for grants and subsidies on a long-term basis,’ said Mr … Read more
No rush to the high-end??
Mass market take-up rate still good despite slowdown in luxury sector There are still signs of life in the mass housing market, despite signs that the luxury sector is flattening out, according to the head of Singapore’s biggest developer. “The outlook for Singapore residential prices will probably be very flat,” saidMr Liew Mun Leong, chief … Read more
CapitaLand gains dive, flat property market expected
Interim earnings halved to $763m, but condo launches won’t be held back Property giant CapitaLand expects the market to stay sluggish for a while but it is still preparing to launch three mid- to high-end condos here before Christmas. ‘For outlook…it’ll probably be very flat,’ said chief executive Liew Mun Leong at a results briefing … Read more
URA gets $51m bid for hotel site
At Kallang and Jellicoe roads, the 45,451 sq ft site costs $249.6 psf ppr The Urban Redevelopment Authority (URA) has received a committed bid of $51 million for a hotel site at Kallang and Jellicoe roads. This works out to $249.6 per sq ft per plot ratio (psf ppr) for the 45,451 sq ft site, … Read more
Urban Resort: CapitaLand to launch freehold condo soon
CapitaLand plans to launch in the second half of this year a freehold condo – Urban Resort – with about 70 units on the Silver Tower site in Cairnhill. The average price is expected to be above $3,000 psf, CapitaLand Residential Singapore CEO Patricia Chia told reporters after the group announced second-quarter results. CapitaLand has … Read more
Private home rents may wobble but won’t crash
Fears of their decline next year may be somewhat exaggerated Recent media reports predicting that private home rents will take a steep dive next year are certainly alarming. But a closer look at the numbers suggests that they may not take such a beating after all. Last week, CB Richard Ellis (CBRE) said that it … Read more
