Uncovering gems amid property gloom
RB Capital boss zeroes in on residential developers in need of funding next year KISHIN Hiranandani, son of Royal Brothers co-founder Raj Kumar Hiranandani, sees opportunities in the Singapore residential sector post-June 2009. Through his property investment outfit RB Capital, he is targeting joint ventures with mid-sized developers, both listed and privately held. ‘Developers will … Read more
Wacky idea to move the property market
Desperate times call for desperate measures. How about using property raffles to boost home sales in Singapore? THE Emerging Trends in Real Estate Asia Pacific 2009 report, released last week by the Urban Land Institute (ULI) and PricewaterhouseCoopers LLP (PwC), painted a near- doomsday scenario of the property market in this part of the world. … Read more
Lower Sibor attracts more home buyers
0.9% rate sees more interest but analysts warn of risks INSTALMENTS for many home loan borrowers are set to fall after the all-important interest rate at which banks lend funds to one another nosedived to about 0.9 per cent this month. Many home loan packages are pegged to this rate – known as the three-month … Read more
Bustling waterfront living for Punggol
PUNGGOL, which started out as a sleepy fishing village, will get a new lease of life from 2010 onwards, with thousands of waterfront HDB flats and private homes planned alongside the soon-to-be bustling 4.2km Punggol Waterway. FRESH LOOK – Surbana and Sen beat the field to win a competition to design a masterplan for the … Read more
Projects on hold may be revived
Some smaller public building works could go ahead to spur economy THE growing downturn has prompted the Government to consider bringing forward some of the $4.7 billion worth of deferred construction projects in a bid to boost the economy. It will likely approve some moderate-size developments as a way of helping smaller firms get through … Read more
$25m Punggol makeover
Winning design to revive its heritage by capitalising on maritime setting THINK water and you will have a good idea of the main theme running through the winning design for an ambitious $25 million makeover for Punggol. The blueprint revealed yesterday aims to revive the coastal town’s heritage as a fishing village by capitalising on … Read more
HDB loan defaults expected to rise
THE number of defaults on HDB home loans is expected to increase if the economy ‘goes down even further’, said National Development Minister Mah Bow Tan yesterday. ‘As we all expect, if there are further job losses, then inevitably there will be more arrears cases coming up,’ he said at HDB Hub. Measures to help … Read more
Let’s get building
Mah: HDB upgrading a priority as deferred projects reinstated SOME of the Government’s $4.7 billion worth of deferred construction projects are to be brought forward again, in a move expected to help smaller local building contractors. And priority will be given to smaller projects, National Development Minister Mah Bow Tan said. “We are also looking … Read more
List of deferred projects being brought forward to be ready by early 2009: Mah
THE government could bring forward some of the $4.7 billion worth of public sector projects put on hold earlier, as well as push forward some other projects by the various ministries, Minister for National Development Mah Bow Tan said yesterday. A list of projects to be brought forward as well as their total value will … Read more
