News

Prime Orchard Road rents eased to $30.10psf

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 1Q11.

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.

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.

SMRT CFO Lim Cheng Cheng resigns

The CFO and Executive Vice President's resignation is the fourth senior level departure since last November.

CapitaMall Asia proposes secondary listing in Hong Kong

CMA plans to double the number of malls in China to 100 in three-five year.  

Over $34mn worth of properties sold in two days

Despite cooling measures announced by the Singapore government, property buying and investment sentiments remained optimistic.

OCBC banks launches "scan and pay" application for android phones

The feature allows customer to scan barcodes, obtain billing details and make payments from their accounts.

Raffles Place rents set to smash $10psf mark

And the bad news for tenants doesnt end there, with property firm Colliers predicting they may hit $12 psf this year.

Orange Tee sold half of "Everitt Edge" since March 19 launch

EXCLUSIVE: 18 out of 36 residential units have been sold in under 2 weeks.  According to the property developer’s Senior Group Associate Director Roy Chang, the Orange Tee received “overwhelming” response driven primarily by a low interest rate environment and increase in household incomes.

New home take-up dropped to 3,200-3,400 for the year

The result is 20-25 percent lower than the 4,241 units sold in Q4 of 2010  

Olam bags $1.3bn gas deal with Gabon

The agreement with Gabon is to set up a port-based Ammonia-Urea complex.

Government issues $2.5bn worth of SGS bonds at auction

This will be the largest 5-year SGS bond issue in 3 years.

Average resale price of leasehold condominiums inched up by 0.8% in Q1 2011:DTZ

The average resale price of freehold non-landed condiminiums in the prime districts of 9, 10 and 11 rose by 0.4% quarter-on-quarter.

Manufacturing growth forecast at 6% in 2011:OCBC

OCBC retains their forecast for 2011 manufacturing growth despite the 3.1% yoy decline last month.

SPRING provided $20mn worth of assistance last year

The money was used to assist 69 start-ups through various programmes.

Government suspends import of fruits, vegetables from Kanto Region in Japan

Radioactive contaminants have been detected in another two samples of vegetables.

Changi Airport sees 3.4M passengers sent off in February

Changi Airport saw 3.4 million passengers pass through in February. This is a 9.1 per cent increase from the same period last year and is attributed to the long Lunar New Year weekend. This puts the total passenger movement for the first two months of the year at 7.2 million.