Monthly Archives: August 2013

Sabana Reit buying Chai Chee property

Sabana Reit plans to buy an industrial property in Chai Chee from Advanced Micro Devices for $59.5 million. The property, located at 508 Chai Chee Lane off Bedok North Road and Bedok North Avenue 1, is a seven-storey light industrial

Posted in Property News

Cooling measures, loan curbs top concerns at seminar

The recent wave of property cooling measures and loan curbs were evidently a top concern among the 700 or so participants who attended a seminar organised by online portal STProperty yesterday. Many whipped out their cameras to take pictures of

Posted in Property News

ECs in the north among top 10 most viewed properties

Executive condominiums (ECs) are popular with home buyers because of their higher capital appreciation relative to private homes and better aesthetics compared with public housing. The most viewed EC on STProperty between Aug 12 and 18 was the 444-unit La

Posted in Property News

Ardmore still resilient in luxury condo stakes

One of the most prestigious residential locations in Singapore, the Ardmore Park area in prime District 10, has largely managed to retain its cachet despite luxury market doldrums, consultants say. Resale activity in the area has slowed significantly in the

Posted in Property News

Surge in new homes ‘will push rents, prices down’

A record surge in the supply of new homes is likely to trigger a drop in rents and prices by up to 15 per cent between now and 2016 amid tepid population growth, a report warned yesterday. A total of

Posted in Property News

Govt payouts rise as more land is acquired

More pieces of land have been taken over by the Government in recent years as Singapore widens roads and builds new MRT lines and highways. This has led to growing sums in compensation being paid out to property owners. And

Posted in Property News

$10m-$12m price tag for Tampines coffee shop

A Housing Board coffee shop with living quarters on Tampines Street 91 is up for sale by public tender with an asking price of $10 million to $12 million. The coffee shop has a strata floor area of about 4,844

Posted in Property News

8,000 flat owners stand to benefit from Step-Up grant

Ms Angela Zeng will be one of 8,000 owners of two-room Housing Board flats across the country who can benefit from a new “Step-Up” grant announced by Prime Minister Lee Hsien Loong on Sunday. The grant targets low-income families currently

Posted in Property News

Smaller developers teaming up for bids

Steeper building costs and stiff competition from established property players are forcing smaller developers to join forces to lodge bids for development sites, analysts said. Property giants like Far East Organization and Frasers Centrepoint often form consortiums to bid, but

Posted in Property Investment, Property News

HDB grant extension could hit resales

The stagnant resale market for public flats could be hit further when housing grants are extended to middle-income households, according to property analysts. The grants will make a new four-room Housing Board flat even cheaper, and that could lure away

Posted in Property News