CDL receives 3 awards for corporate social responsibility
Property developer City Developments Ltd (CDL) has been lauded for its Corporate Social Responsibility (CSR) practices. It clinched three awards at the Asian CSR Awards 2008. CDL is the only Singapore company to be recognised at the event. In a statement, CDL said its three CSR initiatives were selected for the awards, out of a … Read more
Lornie 18
Lornie 18 constitutes to a resort residence and is clearly manifested in the nature-like setting of tropical flora and fauna and water features; while the home fixtures and fittings allows one to indulge in modern living. The novel concept of Lornie 18 lies in enjoying the characteristics of a landed property and indulging in condominium-like … Read more
Private home rents may fall 15%
Selling prices of top-end units could drop by up to 22% in months ahead PRIVATE home rents in Singapore are set to drop by up to 15 per cent next year, as the reality of a slowing economy hits home. Property consultants say landlords are expected to become more flexible, given factors such as ongoing … Read more
Savills sees over 20% drop in luxury home prices
Announced forecast for period ending 2009 grimmest yet by any consultancy Savills Singapore is predicting price drops of more than 20 per cent in the next five quarters for high-end and super-luxury private homes. This would follow declines of 14.3 per cent and 12 per cent respectively for these two segments in the first nine … Read more
Office space returns seen in year ahead
Savills Singapore reckons that some 450,000 square feet of Grade A office space – or 3.5 per cent of existing space in this sector – could be returned by tenants in the next 12 months. The financial upheaval in the US and Europe will inevitably lead to consolidation in the financial services industry that could … Read more
KepLand launches sailing training centre
KEPPEL Land has taken another step in developing a waterfront lifestyle, launching Singapore’s first and only Royal Yachting Association-accredited (RYA) sailing training centre at Marina at Keppel Bay. Setting up the Keppel Bay Sailing Academy (KBSA) is a natural progression now that the marina is up and running and serves to enhance the amenities at … Read more
Upside in China property S-chips?
WHILE most Singapore property developers are afflicted by the same predicament – over-supply, low confidence – the Chinese property market is as varied as its landscape. Take property S-chip CentraLand for example. Listed here in February, the price of Centra- Land shares at IPO is likely to have priced-in various poor economic data at the … Read more
Experts hope for stimulus package for property market in Budget
Property watchers and players in Singapore are increasingly hoping for some help from the government to boost the sluggish residential sector. New private home sales this year look set to hit their lowest levels since the 1997 Asian financial cisis. And the outlook is weak, amid the global downturn. Only 3,900 new private homes have … Read more
HK’s negative equity cases almost triple as property prices fall
The number of Hong Kong home mortgage loans in negative equity in the third quarter was almost triple that of the previous three months as property prices plunge, officials said on Friday. The global financial crisis has sent the number of negative equity cases up to 2,568 over the July-September period, compared with 936 cases … Read more
