Alexis @ Alexandra Road
Location: Alexandra Road (District 3) 5 mins walk to Queenstown MRT Station In the vicinity of IKEA, Queensway Shopping and Anchorpoint Near Harbourfront and Sentosa Centrally Located. 5 minutes drive to Raffles Place, Orchard Road Tenure: Freehold Expected Completion: 2014 Facilities: 80m Lap Pool, Gym, BBQ, Jacuzzi, Parking, Pool Deck etc. Certain units comes with … Read more
Tenants leaving with debt unsettled
Crisis takes its toll on rental market THE economic crisis is posing a new problem for landlords: tenants who break leases or even skip town without notice, leaving debts in their wake. Property agencies told The Straits Times that increasing numbers of tenants, mostly foreign, are cutting short their leases on anything from high-end luxury … Read more
Orchard Rd rents fall 1.9% in Q4: CBRE
This is the first time these rents have headed south since Q4 2003 PRIME Orchard Road rents fell 1.9 per cent quarter-on-quarter to an average of $36.10 per sq ft per month (psf pm) in Q4 2008, property firm CB Richard Ellis (CBRE) said yesterday. It is the first time these rents have headed south … Read more
Prime rents on Orchard Rd dip 1.9%
First slide in 5 years; rents may shrink 5% to 10% more in first half-year: CBRE PRIME shop rents on Orchard Road have fallen for the first time in five years as consumers tighten their belts and additional supply in the form of new malls starts flooding the market. Rents could shrink a further 5 … Read more
MP Reit changes name to Starhill Global Reit
MACQUARIE Prime Real Estate Investment Trust (MP Reit) yesterday began a new chapter under the new name of Starhill Global Reit. The name change was formalised following yesterday’s completion of the acquisition by Malaysian conglomerate YTL Corp of interests in MP Reit and the holding company of Macquarie Pacific Star Prime Reit Management, MP Reit’s … Read more
Property prices down but not property taxes
WITH reference to Tuesday’s article, ‘Home sales to stay weak next year’, I cannot help but ask the Inland Revenue Authority of Singapore (Iras) why it is not reducing property tax for the coming year. Official Urban Redevelopment Authority private and public housing sale transactions and rents dropped by 20 to 25 per cent in … Read more
GDP growth shrinks to 1.5%, focus on saving jobs
Prepare for tough year ahead with no quick turnaround in sight: PM Lee With the economy likely to contract further and more layoffs expected in the months ahead, Prime Minister Lee Hsien Loong has urged Singaporeans to brace for a difficult 2009, especially the first half. GDP growth plunged to just 1.5 per cent in … Read more
