Commercial Property
Private land sales market improved 94.7% in 1Q 2011
Private land sales market improved 94.7% in 1Q 2011
Four record prices were also achieved in the Government land sales market which shows the unwavering optimism among developers despite global...
Tiong Seng bagged $192mn contract with HDB
Its subsidiary, Tiong Seng Contractors will build 1,072 units in Punggol West, the "Waterway Terraces".
Capital values for industrial properties up by 5% q-o-q
For 60-year leasehold strata- titled factory space, capital value increased by about 5% q-o-q to $289 psf for ground floor units and $213 psf for...
CapitaMall acquires Iluma for $298.95mn
The total acquisition cost is comprised of the purchase consideration fee of $295mn and other fees worth $3.95mn.
Private property transactions plunged 33.7% in 1Q 2011:PropNex
HDB resale transactions for PropNex may have increased 5.1% q-o-q but the cooling measures dragged down the number of private property transactions.
Horti-Flora wins Balestier Road Project for $1.1mn
URA has awarded the tender for the environmental improvement project, which aims to to further enhance the Old World Charm of the area.
CapitaLand takes 75% interest in Bishan street site
Its partner, Mitsubishi Estate Asia, will take 25% interest to develop condominium site at Bishan Street.
Keppel to gain $20.7mn from selling 35% share of Annto
The company will sell its share to Midea for an after tax net proceed of approximately $52.6mn.
Singapore property auction market first quarter sales value down 38.4%
But sales activities at auction seen to accelerate in 2Q 2011 as fuelled by diverted investors’ interest from residential properties to commercial...
A-REIT gained profit of $307.6mn
This represents an appreciation of approximately 6.3 per cent, said A-REIT.
Prime Orchard Road rents eased to $30.10psf
With a few major leasing deals concluded as well as the exit of an anchor tenant along Orchard Road, the retail leasing market gave mixed signals in...
Chinese buyers splurged more than $85mn on top end properties
Of the 54 units sold to date in 1Q 2011 for top end properties 31% of them were bought by Chinese, the largest among foreign buyers.
Bartley Road / Lorong How Sun residential site sold for $413.27mn
The site, which can house up to 620 high-rise condominiums, was offered for sale on a 99-year lease term.
Grade A rents smashed through $10 barrier
But CBRE warns that rental growth may be slowing as occupiers digest the significant expansion space taken up last year.
Non-prime regions capital values increased up to 2.5% in 1Q11
Central and East Coast regions are now at a record of $1,043 per sq ft, exceeding the previous high of $1,020 per sq ft achieved in 4Q10.
Ang Mo Kio industrial site sold for $128.13mn
Sim Lian Development Pte Ltd placed the highest bid, while the second highest bid was $125.78 million submitted by Qinghe and Qingdao Construction.
Urban Redevelopment Authority launches new residential sites at Jalan Loyang Besar / Sembawang Road
The residential sites can potentially yield about 970 housing units.
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