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Residential News
Property czar with bold moves, soft touchKhaw is not afraid of making radical changes, listening to the ground THE raft of changes to Singapore's housing policy makes it hard to believe it's just been about three weeks since the new Cabinet was announced and Singapore had a new property czar. Yet in the time since former health minister Khaw Boon Wan took over at [...]
Commercial News
Jurong industrial site to go on sale soonAN INDUSTRIAL site in Jurong will be launched for sale by public tender in two weeks, after a developer lodged a minimum bid acceptable to the Government. The 30-year leasehold site is one of a cluster of three sites along Pioneer Road North and Soon Lee Street. The other two sites have been sold. The latest site was [...]
New Property Launches
The Shoreline Residences @ Inggu Rd & Wak Hassan Dr, New Landed Launch in the District 27Brought to you by Singapore Condo The Shoreline Residences Rare Modern Landed Terrace Close to the Sea Luxuriously Designed with Private Lift and Pool to every unit Large Sizes and Attractive Price, Others Cannot Compare Total Exclusive 16 Terraces UNIT TYPE and SIZES Inggu Road 5+Study Corner – 4746/4581 sqft 5+Study Inter – 4576 sqft Wak Hassan Drive [...]
Singapore Economy
Inflation slows to 4.5% in April
Price increases likely to have peaked but risks remain, say analysts INFLATION grew at its slowest pace in five months in April and fell under 5 per cent for the first time this year, prompting economists to tip that prices have peaked. The monthly Consumer Price Index (CPI) rose 4.5 per cent last month over April last year [...]
Area Planning
Mature towns can still grow, say analysts
Some estates have plots meant for homes that are not developed yet MORE younger folk could become homeowners in mature estates such as Bishan, Ang Mo Kio, Toa Payoh, Tampines and Pasir Ris if the Housing Board (HDB) offers flats in these areas, where analysts say may still have room to build more homes. These areas still have [...]
Land & En-bloc Sales
Dragon Mansion up for collective sale at $150-156m
DRAGON Mansion, a freehold residential development located on the fringe of the Central Business District, is up for collective sale with an indicative price of $150-156 million, or $1,340-1,392 per square foot per plot ratio (psf ppr). Sole marketing agent Jones Lang LaSalle (JLL) said the site consists of two plots of land: Dragon Mansion and a substation. [...]
Rental News
MND to ramp up building of rental flats: Khaw
Flats need to be built quickly 'by tens of thousands', minister adds (SINGAPORE) The Ministry of National Development (MND) is looking to increase the supply of rental flats for single parents. This comes shortly after it unveiled plans to speed up the construction of build-to-order (BTO) flats for young couples. The move to step up the supply [...]
Company News
Allgreen shares soar on knockout delisting offer
ALLGREEN Properties' shares rocketed on heavy volumes yesterday after a lucrative privatisation offer was announced for the property group. The stock shot up 44 cents, or 38 per cent, to $1.59 on trades of 148 million shares, after a trading halt imposed on Monday was lifted. Malaysia's richest man, Mr Robert Kuok, who already controls the firm, has [...]
Global Property News
Home prices in China likely to fall 10% this year: analysts
Deals set to slide 7% on govt cooling measures, they say (BEIJING) Analysts said Chinese home prices are likely to fall by more than 10 per cent this year, due to the government's prudent monetary policy and other tightening measures, the Beijing News reported yesterday. Home transactions will decrease by 7 per cent this year while sales [...]
