Singapore’s private home sales, prices & rents fall sharply in Q4
Private home sales in Singapore have taken a sharp fall in the fourth quarter of this year. According to a report released Monday by property consultant DTZ, only 112 private homes were sold in the primary market in October, and 192 units sold in November. This, compared to the monthly average of 444 units sold … Read more
Govt to proceed with Jurong Lake District development
The Singapore government is proceeding to put in the infrastructure to facilitate the growth of Jurong Lake District. This follows the unveiling of the area’s development blueprint in April this year. Giving an update on Monday, both the Urban Redevelopment Authority (URA) and JTC said the measures include constructing a new spinal road, expanding the … Read more
CityDev raises MTN programme to $1.5b
City Developments Limited (CDL) on Monday announced that it has increased the limit for its medium-term note programme from the initial $700 million (US$483 million) announced in May this year to $1.5 billion. ‘DBS Bank Ltd has been appointed as the new arranger of the MTN Programme with effect from Dec 12 2008 following the … Read more
Depa of Dubai wins US$32m Sentosa IR deal
Depa Ltd, the United Arab Emirates-based interiors contractor fitting out the world’s tallest tower in Dubai, won a 118 million-dirham (US$32 million) contract at a holiday resort in Singapore. Depa and its partner DDS Contracts & Interior Solutions Pte Ltd will fit out an entertainment venue at Resorts World, a resort on the Sentosa island … Read more
