Macquarie Prime REIT renamed as Starhill Global REIT
Singapore-listed Macquarie Prime Real Estate Investment Trust (REIT) has been renamed the Starhill Global REIT. This came after Starhill Global REIT Investments bought a 26 per cent stake in the REIT, as well as a 50 per cent stake in Macquarie Prime REIT’s manager, Macquarie Pacific Star Prime REIT Management. Starhill Global is an indirect … Read more
Time to lower home prices
Property developers should consider this step to lure back buyers WHEN a property boom here ends, the first casualty is usually home supply. Sure enough, the Government put a stop to new land sales early this month, as it did in the last two downturns, making it as good an indicator as any that a … Read more
Developer wins right to Newton land
Judge gives his ruling based on concept of ‘adverse possession’, abolished 14 years ago AN AGE-OLD legal concept which was abolished 14 years ago has crept its way back to influence a court case involving a multi-million dollar dispute over a plot of land in Newton. Before 1994, in a legal concept known as ‘adverse … Read more
Punggol, Choa Chu Kang BTO projects launched
THE Housing & Development Board (HDB) yesterday launched two new housing projects – one in Choa Chu Kang and the other in Punggol – under the build-to-order (BTO) system. A total of 1,181 studio, three-room, four-room and five-room apartments are on offer. With these two new projects, HDB has launched some 7,793 units under the … Read more
For sale: 1,181 new HDB flats of all sizes
Flats in Choa Chu Kang, Punggol will be offered under built-to-order plan THE Housing Board is bringing down the curtains on a busy year with one more sales exercise – this time for 1,181 flats in Choa Chu Kang and Punggol. It is offering everything from studio apartments to five-room flats, with prices ranging from … Read more
Bank lending turns cold in November
Loans to businesses slide, economists warn of more trouble ahead Bank lending fell over the month in November, for the first time in nearly two years, as loans to businesses declined and more companies went bust, an early sign of the damage that the financial crisis is inflicting on the economy here. Total Singapore-dollar bank … Read more
Bank unfair to existing home loan clients
WHEN I signed up for a home loan from DBS Bank in May 2005, my rate was pegged to the Special Mortgage Rate. The Special Mortgage Rate has increased from 4.25 per cent in May 2006 to the current 5.5 per cent. The increase was due to the hike in interest rates during those periods. … Read more
Size does matter
While the focus has been shifted to 2-room flats, the 4-room is still most popular AS the Housing Board launched its last Build-To-Order (BTO) exercise for the year, offering 1,181 units in Punggol and Choa Chu Kang, applications for its Dew Spring @ Yishun, which draw to a close today, reflect an interesting trend. While … Read more
US home prices fall a record 18% as recession continues
Prices of single-family homes in October plunged a record 18 per cent from a year earlier, according to the Standard & Poor’s/ Case-Shiller Home Price Indices released yesterday that indicated a US housing market in the throes of a deep recession. The battered housing market is critical to the economy, with a wide-ranging impact from … Read more
