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May 2008 - Posts
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Has the property market peaked? In the midst of bearish reports on the property market, LaSalle Investment Management has released optimistic forecasts of the residential capital values, with Singapore topping the list with capital values, which are expected Read More...
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Russia's Nutritek picks S'pore for regional HQ Nutritek Group, a wholly owned subsidiary of OAO Nutrinvestholding, Russia's biggest producer of dairy products and nutritional infant food, plans to expand the company's representative office Read More...
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S'pore luxury homes ninth most expensive globally Luxury homes in Singapore are the second most expensive in Asia and the ninth most expensive in the world. According to a report by Citi and Knight Frank, luxury home prices here are now US$2,423 per Read More...
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Seletar's colonial houses in demand as bulldozers roll in Rentals have soared for the 131 units of the Seletar’s houses that will remain after the area's development as aerospace hub. In some cases, they have just about doubled. This is Read More...
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Further drop in new home sales and launches in April The private home market continued to weaken last month, with launches of new homes falling. Sales volumes and median prices also dipped, according to monthly figures released by the URA. Developers Read More...
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4 bungalows sold for $5.5m each Four strata bungalows in a freehold cluster housing development near Eng Neo Avenue were snapped up at $5.5 million each by a European with a Singaporean wife. The $22 million transaction works out to $1,128 psf of built-up Read More...
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ISD's former headquarters up for tender The Singapore Land Authority (SLA) has launched a public tender for the adaptive re-use of the former headquarters of the Internal Security Department (ISD) and Ministry of Home Affairs (MHA) at Phoenix Park, Read More...
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Luxury home prices down 2.1%, says report Prices of luxury developments dipped in the first three months of this year. Savills Singapore said that prices of expensive homes fell 2.1% in the first quarter. Foreigners also began switching from the prime Read More...
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Sales of strata offices down, may fall further Sales of strata-titled offices have gone down. While prices are holding steady, they might start to dip in the coming months, said CBRE. It analysed data for seven major strata-titled office buildings and Read More...
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Developers test waters with condo launches Developers are testing the water for residential launches this week. Far East Organization's listed unit Orchard Parade Holdings and Wing Tai have begun the official launch of their Floridian condo, marked Read More...
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HSBC extends lease of HQ for $143m HSBC Bank is extending the lease of its headquarters at Collyer Quay for another seven years after it expires in April 2012. It will pay $143.1 million to rent HSBC Building until April 2019, said the building's Read More...
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Beach Rd building sold for $70m An Irish private equity firm Fine Grain Property Consultant and interior design firm Hirsch Bedner Associates have bought 700 Beach Road, currently a small office, home office development named In-City Lofts, for $70 million Read More...
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JLL re-entering housing project sales business Jones Lang LaSalle (JLL) is poised to re-enter the Singapore residential project sales business. It has clinched appointments to market Floridian, a 336-unit freehold condo development in Bukit Timah by Far Read More...
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Small firms bought bulk of en bloc sale sites BNP Paribas said that given the current turmoil in the financial market, some of the small property developers that swooped in on the collective sale boom in the second half of last year might face financing Read More...
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S'pore doing okay, but much hinges on how US performs The economy has done all right so far, growing 7.2% in the first three months. But Singaporeans will have to stay prepared and be on guard for possible slowdowns for the rest of the year and maybe Read More...
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Transitional office site gets top bid of $226 psf ppr URA has closed the tender for a transitional office site at Scotts Road/ Anthony Road - receiving a top bid of $32.99 million. This works out to $226 psf ppr for the 97,284.1 sq ft site which has maximum Read More...
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Year of uneven growth, price worries ahead Domestic and regional support should prevent the Singapore economy from sliding into a sharp downturn in 2008, says the Monetary Authority of Singapore (MAS). The economic outlook in 2008 will vary from industry Read More...
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Asia - some bright spots amid challenges A few positive assessments of the market provided some bright spots at a property conference held by Citi yesterday. Banyan Tree executive chairman Ho Kwon Ping said that the US sub-prime crisis and credit crunch Read More...
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Jurong hospital will be ready by 2015 The new public hospital in Jurong will be ready by 2015 and follow the Changi General Hospital model of co-locating with a community hospital. The proposed Jurong General Hospital will have a capacity of 550 beds, Read More...
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Far East Organization headed for rebranding Far East Organization (FEO), headed by Singapore's richest man, Ng Teng Fong, looks set to undergo a corporate rebranding exercise as it gears up for challenging times ahead. Mr Ng's son, Philip, who Read More...
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Property price data can yield different conclusions The property price index (PPI) for the first quarter of 2008 will be released soon and is unlikely to differ from an earlier flash estimate of a 4% increase, despite developers starting to cut prices. Read More...
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