iR Residences
Property Description : The freehold development will hold 70 units of 2- and 3- bedrooms and penthouse units within a 28-storey bloc. Location : The property is sited at 20 Irrawaddy Road. A neighbourhood of conveniences, this is where everything is truly a stone’s throw away. Access to the most popular restaurants, eateries or the … Read more
PM Lee Says Singapore’s Economic Growth To Slow Next Year
Prime Minister Lee Hsien Loong said in his National Day Rally speech on Sunday that Singapore’s economic growth will be slow next year as it feels the impact of a weakening world economy. However, the country is not expected to slip into a crisis. “This year, I think we can get 4 to 5 percent … Read more
Concerns over health of Japan’s property, banking sectors
Urban’s collapse exposes links to US sub-prime crisis THE failure last week of mid-size Japanese property developer Urban Corporation – the latest in a series of such collapses – was more than just another in a growing list of corporate bankruptcies in Japan. Poor show: The property sector index of the Tokyo Stock Exchange has … Read more
CapitaLand’s Stake In Australand Now at 64.9%
This was the result after CapitaLand’s indirect wholly-owned subsidiaries, Ausprop Holdings and Austvale Holdings, were allotted a total of 502.8 million new stapled securities in Australand under the institutional entitlement offer of a one-for-one rights issue in Australand at the issue price of A$0.60 per new stapled security. The total subscription price of about A$302 … Read more
Regional commercial property sales value down 10% from Q1
Transaction value of commercial real estate across Asia Pacific in the second quarter of this year decreased by over US$2 billion or 10 per cent from the Q1 2008 level, according to an investment brief from property consulting group DTZ issued on Monday ‘Transactional values are significantly down from the levels seen during 2007, with … Read more
SLA receives strong interest on 8 residential sites
Since the launch of 8 infill sites for residential use on 26 Jun 08, the Singapore Land Authority (SLA) has received close to 100 enquiries. According to the SLA, there has been especially strong interest in the good class bungalow site at Ridout Road and sites in the eastern region of Upper East Coast Road … Read more
