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December 2007 - Posts
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19 Dec 2007 Good class bungalow prices surge 40% The demand for gracious bungalow is growing, with the average prices of Good Class Bungalows (GCBs) expected to appreciate about 10 to 15% next year The expected appreciation is deemed to propel the total Read More...
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18 Dec 2007 Currencies, stocks fall in Asia as price rise ties Fed’s hands Stock prices and currencies around the region fall as a result of rising price inflation in the US sank in. Investors fear that the Fed and central bank will no longer be Read More...
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17 Dec 2007 Mid-tier, mass market homes may lead gains Next year could be the year of the mid-tier and mass market sectors with prices expected to rise between 8 and 15 per cent. CBRE research executive director expects 10,000 to 13,000 new homes to be Read More...
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14 Dec 2007 High-end home launches to take a breather Launches of high end homes are set to shrink in the coming year. The core central district region – which comprises prime districts 9, 10 and 11, Sentosa and the Downtown Core (includes existing Read More...
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13 Dec 2007 DBS to move to swanky new 700,000 sq ft home DBS Group will move its headquarters to the new and swanky Marina Bay Financial Centre (MBFC) Tower 3 in 2012. At a media briefing yesterday, chief executive Jackson Tai said the group will occupy Read More...
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12 Dec 2007 Goldman seeks $1 billion windfall on DBS Building Goldman Sachs is said to be discreetly looking around for a buyer for DBS Building along Shenton Way. The US bank, which bought the two office towers two years ago, could reap a tidy gain of Read More...
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11 Dec 2007 78 Shenton Way sold for $650m to German group The company, Commerz Grundbesitz Investmentgesellschaft (CGI) group bought 78 Shenton Way for $650 million. The price works out to $1,857 psf based on a total net lettable area of about 350,000 Read More...
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10 Dec 2007 En bloc deals top $13b but pace is slowing The year to end tally for 2007- 109 deals done at $13.3 billion is a whopping jump from the 79 deals amounting to $8.2 billion transacted for the whole of last year. A price gap begins to surface Read More...
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STB approves en bloc sale of Horizon Towers The controversial en bloc sale of Horizon Towers was eventually approved yesterday by the Strata Title Board. However the minority owners who oppose the sale could still appeal, that would put the sale on hold Read More...
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Property players likely to zoom in on central locations Developers can take their pick from 21 plots that the government will release for private housing between now and June. However property players are likely to zoom on lands which are more centrally Read More...
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URA ends suspense with award of Marina View site The URA finally awarded Marina View Land Parcel B to Macquarie Global Property Advisors (MGPA) unit MGP Kimi Pte Ltd yesterday, about 3 weeks after the tender for the 99-year leasehold site closed. The Read More...
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Fewer sub-sales but value hits all-time high The level of sub-sale activity may be just about half of what it was in 1995 but the value of sub-sale apartments transacted in the first three quarters of this year is already at an all-time annual high of Read More...
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2008 seen as year of mass market homes For the residential sector, they expect the action to be concentrated in the mass market next year, after the stellar increases in high-end home prices this year. They also generally expect the authorities to adopt Read More...
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Property sales set for big drop in Q4 In a preliminary analysis of caveats lodged by DTZ, the value of all private property transactions for Q4 to date is about $2.9 billion. This figure does not represent the full fourth quarter. There is also a time Read More...
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Furnished,Nice Landscape,Very Big Pool • 956 sq. ft., 2 bath, 2 bdrm apartment - $2,500 SGD Monthly - Carissa Park 2 Bdm Apt Flora Drive , Loyang - DESCRIPTION / DETAILS Address: 2, 4, 6 Flora Drive Type of Development: Condominium Tenure: Freehold Read More...
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• 969 sq. ft., 2 bdrm apartment - $3,700 SGD Monthly - Diamond in the Rough Geylang East Avenue 2 , Geylang - DESCRIPTION / DETAILS Address: 2, Geylang East Avenue 2 Type of Development: Condominium Tenure: 99 years District: 14 No. of Units: 522 Read More...
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30 Nov 2007 Top-end property ‘still good value’ despite higher prices There is little danger that Singapore’s high-end property prices will affect its cost competitiveness, said a panel promoting the country’s real estate prospects. Read More...
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29 Nov 2007 More supply but HDB prices will go up: Mah The Housing and Development Board will continue to monitor demand and could offer another 6,000 units through its build to order (BTO) system. However, prices are also likely to go up. The projects, Read More...
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28 Nov 2007 Oversupply looms in S’pore office sector: Citigroup Singapore is in danger of seeing an oversupply of office space from 2010 onwards, Citigroup is warning. The bank’s research unit has also downgraded two Singapore stocks with Read More...
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27 Nov 2007 Two more transitional sites up for tender The URA has launched two transitional office sites at Mountbatten Road and Aljunied Road/Geylang East Avenue 1 for sale by tender. This follows the recent sale of two transitional office sites at Scotts Read More...
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26 Nov 2007 Property may be big gainer as real interest rates plunge Rising inflation may be starting to worry policymakers and the man on the street, but it has had an interesting side effect. It has pushed down the real interest rate dramatically and Read More...
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