Laguna Park condo looking to get majority vote to push through en bloc sale
Laguna Park condominium along Marine Parade Road could be up for collective sale. It’s not yet a done deal but about 77 per cent of tenants there have agreed to it. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger which will move the … Read more
More than 70% of Park Central @ AMK sold
Mainboard-listed United Engineers has sold more than 70 per cent of its first public housing project, Park Central @ AMK, which is being developed by its subsidiary Greatearth Developments. All four-bedroom and penthouse units are sold out. The developer received more than 2,300 applications or four times the number of units available for sale when … Read more
S’pore expected to be first Southeast Asian country to recover from crisis
Singapore may be the worse-hit Southeast Asian country in the current economic crisis, but it could well be the first economy in the region to rebound, according to economic forecaster Thierry Apoteker. A jump in US consumer confidence in November is just one of the indicators that could signal signs of a global recovery next … Read more
Make hay while rivals are debt ridden, investors urged
Swift global price slide creates slew of opportunities Equity-rich investors have enough firepower to revive the world’s catatonic property market but only if they stop hiding behind forecasts and make the most of their temporary advantage over debt-driven peers, experts said. Delegates at Thomson Reuters’ annual Global Property Outlook event on Tuesday were urged to … Read more
Cambridge Reit says CEO quit, names replacement
Cambridge Industrial Trust, which owns 43 warehouses and factories in Singapore, said on Thursday that chief executive Ang Poh Seong had quit with immediate effect and that he will be replaced by Chris Calvert. Mr Ang’s departure was not related to any differences of opinion with its board of directors, the firm said in a … Read more
Property investments seen lagging others in 2009
Real estate professionals think that the performance of property investments will lag behind other asset classes next year, a survey conducted at the Thomson Reuters’ Global Property Outlook conference showed on Tuesday. In a poll of around 150 market observers, analysts and investors, just 12 per cent of respondents said that they felt property would … Read more
High-end projects take a knock, suburban condos edge higher
High-end prices fall 12-28%, while mass market projects climb 1-7%: study Fresh data on home transactions compiled by Credo Real Estate confirms that prices of high-end housing projects have fared far worse than suburban condo prices between second-half 2007 and second-half 2008. Credo’s study shows that average prices of high-end projects generally posted declines, ranging … Read more
Prime office rentals coming down to earth
Q4 sees them crash by up to 20% in some cases as tenants call the shots Landlords may be frowning but those looking for office space have reason to cheer. After climbing steadily for nearly four years, average Grade A and prime office rental values in Singapore are estimated to have slipped about 20 per … Read more
Whiff of Hollywood to touch Buona Vista
Singapore aims big with billion-dollar media hub at one-north Locals could be rubbing shoulders with movie stars and Hollywood bigwigs at the one-north cluster in the near future. And films like box-office hit 300, part of a new wave of films that rely extensively on state-of-the-art digital movie studios, could be spawned from studios coming … Read more
Govt suspends industrial sites on Confirmed List
For H1 next year, Reserve List will have 8 sites with a total of 15 hectares THE Ministry of Trade and Industry (MTI) yesterday said that it would be suspending the Confirmed List for its industrial government land sales (GLS) programme for the first half of 2009. To continue to meet potential demand for industrial … Read more
