Commercial Property
Government is on a battle to stabilise property market
Government is on a battle to stabilise property market
More land sales may be in the pipeline, said Minister for National Development, Mah Bow Tan.
Residential site at Bedok Reservoir Road received 8 bids
The top bid of $320 million or $465 psf/plot ratio translates to a breakeven cost of around $800psf.
Average annual growth of occupancy costs from 2011 to 2015 forecast at 6.43%
The strongest increases in costs to 2015 are projected in Singapore, Bengaluru, Hong Kong, Beijing and Chennai.
Government's household income ceiling raise boosts first-time BTO flat buyers
Households earning $3,000-$5,000 a month now have the chance to purchase 3-room flats that provide them more freedom in their other financial...
Hong Kong beats Singapore as most expensive office location in the world
Despite being part of the top 30 most expensive office location in the world in 2011, Singapore still only ranked 6th in Asia Pacific.
URA awarded tender for industrial site at Kaki Bukit Road 4 to Soon Hock Realty
The Company submitted the highest bid of $41,399,900 in the tender for the site.
Singapore luxury residential markets capital values remained stable in 4Q 2010
Prices remained stable for the second consecutive quarter as buyers remained cautious after recent government tightening measures.
URA places Hillview Avenue site up for public tender
The Urban Redevelopment Authority has placed a 1.4-hectare site at Hillview Avenue for commercial and residential use up for public tender. It has a...
Across-the-board rises in development charge rates may backlash on enbloc transactions:DBS
Rising land costs and the limited ability to raise ASPs in the near term could erode margins.
Increasing numbers of visitors pushed higher development charge rates for hotel sites:CBRE
Stronger interest in land parcels are due to the increasing numbers of visitors.
Residential use development charges rates increased by 18.4%
Development charges rates or the period from 1 March 2011 to 31 August 2011 increased by 18.4% and 10.6% for use group B1 and B2 respectively.
Development charges rates for commercial use increased by an average of 13%
For the period from 1 March 2011 to 31 August 2011, DC rates for Group A recorded the largest increase of 29% in Sector 9.
Overseas Union Enterprise reports 2010 net profit of $777.2mn
The robust performance was achieved on the back of a 58.8% rise in OUE's FY2010 revenue.
Housing and Development Board launched 3 Built-to-Order housing sites
The housing sites have 1,593 units on offer and these will ramp up the supply of new flats to meet rising demands.
URA launches tender at Hillview Avenue
The land parcel has a site area of about 1.4 ha and a maximum permissible gross floor area of 40,025 sqm.
CapitaMall Trust to acquire Iluma for $295mn
Iluma has a net lettable area of 185,190 sq ft and is connected by an overhead link-bridge to the second storey of Bugis Junction.
URA releases industrial site at Pioneer / Soon Lee
A 1.7-hectare industrial site at Pioneer Road North / Soon Lee Street has been released under the Reserve List system today.
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