Medium- to long-term prospects for S’pore property sector still strong
Singapore’s commercial and residential property sectors will remain attractive to investors in the medium to long term. Property watchers told Channel NewsAsia that is because of Singapore’s status as an international financial hub. 2009 looks set to be a difficult year by all accounts, but market watchers said property investment fundamentals here remain strong. As … Read more
HDB launches 2 new BTO projects in Choa Chu Kang, Punggol
The Housing and Development Board (HDB) launched two new housing projects in Choa Chu Kang and Punggol on Tuesday in its last sales exercise of the year. It will offer a total of 1,181 flats, from studio apartments to 5-room units, under the Build-To-Order (BTO) system – where flats will be built only after most … Read more
Malaysia’s YTL plans US$287m REIT launch
Malaysia’s YTL Corp is planning to launch a luxury real estate investment trust (REIT) worth more than RM1 billion (US$287.5 million) in Malaysia, a report said. ‘We are looking at a hospitality REIT,’ YTL’s Executive Director Mark Yeoh Seok Kah was quoted as saying by the Business Times newspaper. ‘We are studying the proposal and … Read more
DTZ expects 2009 to echo property price plunge of 2008
Prime district property prices fall by 20%; similar decline seen in 2009 Prices of condominiums and apartments in the prime districts have fallen by more than 20 per cent in 2008 on a year-on-year basis, says DTZ. DTZ is also forecasting a further decline of 15-20 per cent for this segment of the market in … Read more
JTC to bulk up space at Jurong business park
Area to be increased by 20%; some parts to see plot ratios raised The economy may be slowing but the government has already set its sights on riding the recovery. To meet future demand for space, JTC Corporation plans to expand the International Business Park (IBP) in Jurong by 20 per cent and will raise … Read more
Rejuvenation for Jurong residential areas
Better connectivity and more housing choices are on the cards MORE residential areas in Jurong are to be rejuvenated as part of the Urban Redevelopment Authority’s (URA) 2008 Master Plan to develop commercial hubs outside the Central Business District. Supporting the growth of the Jurong Lake District, Faber Terrace, Faber Hills, Teban Gardens and Pandan … Read more
Wider variety of housing in the west
RESIDENTS in the west can look forward to having a wider variety of homes to choose from in the next few years. The Urban Redevelopment Authority (URA) yesterday announced detailed plans to rejuvenate estates such as Teban and Pandan Gardens, and Faber Terrace and Faber Hills – part of a bigger makeover for the Jurong … Read more
Jurong to get more business space
Expansion of business park will position Singapore for recovery THE economic outlook is all gloom but the Government is already positioning Singapore for the next upturn by unveiling plans to beef up the supply of business park space in Jurong. Its ambitious move comes even as demand in the property sector has fallen dramatically in … Read more
Home sales ‘to stay weak next year’
Job insecurity will deter buyers, says DTZ, as economic gloom prevails AMID difficult economic conditions, home sales are expected to remain weak next year, said real estate firm DTZ in a research report yesterday. Job insecurity and further weakness in the market will deter buyers from committing to property purchases, it added. This will weigh … Read more
From factories… …to Fusionopolis
JTC Corp talks about how it has come this far since its birth in 1968 MUCH was at stake when Jurong Town Corporation (JTC) workers started hacking away at the uninhabited jungles and marshlands of the Jurong area in 1968. The fate of not only the future industrial hub of Jurong, but also Singapore itself, … Read more
