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June 2008 - Posts
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Subsales carve out bigger slice of home deals A new study by Jones Lang LaSalle (JLL) shows that in most parts of Singapore, subsales actually rose as a percentage of total private apartment and condo sales in the first five months compared with last Read More...
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Analysts’ views mixed over H2 GLS list The H2 2008 Government Land Sales (GLS) programme drew mixed responses from property analysts. Some see the moderate supply as a plus for property prices, others feel it reaffirms the weak market sentiment. Read More...
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Developers get more wriggle room with H2 land sales Supply from the confirmed list of the Ministry of National Development's (MND) H2 2008 land sales programme is less than half that in H1. Although the supply on the H2 reserve list has been increased Read More...
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S'pore short rates dive, defying expectations The three-month Singapore interbank offer rate (Sibor) fell 12.5 basis points to 1.25% yesterday - a shade above the year low of 1.24 on April 22. Analysts say they believe yesterday's big move was Read More...
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URA plot facing Bedok Reservoir up for sale A 99-year leasehold condo plot at Tampines Ave 1/10 fronting Bedok Reservoir, launched yesterday by the Urban Redevelopment Authority, is likely to draw modest bids ranging from $200 to $300 psf of potential Read More...
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New private home sales up 55% In May, developers sold 441 new homes, excluding executive condominiums, a sharp 55% jump from the 284 sales in April. That made May the best month so far this year. The improved sales came on the back of 474 new homes launched Read More...
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S'pore continues to do well in global rankings At least three reports this year have given Singapore top marks in many areas of economic influence, including the ease of doing business, legal and political framework, economic stability and government Read More...
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Avaya sets up Asian logistics hub here Communications technology specialist Avaya has established its first Asian supply chain management hub in Singapore, to improve its distribution operations in Asia-Pacific. Headquartered in New Jersey, the new warehousing Read More...
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HDB upgraders hold key to property market turnaround HDB upgraders accounted for 28% of all private homes purchased in Q1 2008, up from a 22% share in the preceding three months. Their Q1 share was also the highest in seven quarters, according to DTZ's Read More...
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18th floor of Peninsula Plaza sold for $15m The 18th floor of Peninsula Plaza near City Hall has been sold to a Taiwanese trading company for $14.9 million, working out to $1,750 psf of strata area. It is below what the seller Novelty Department Store, Read More...
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Developers to unveil more modestly-priced condos Developers are getting ready to release mass- to mid-market condos. City Developments Ltd (CDL) previewed the five-storey freehold Shelford Suites in the Shelford/Adam roads vicinity about a week ago at Read More...
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Makeover to turn Paya Lebar into commercial node The neighbourhood around the Paya Lebar MRT station will be transformed into Paya Lebar Central, a suburban commercial node nestled between the city centre and the Tampines commercial hub, as part of the Read More...
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Little choice but to offer less choice sites The Government Land Sales (GLS) programme announcement is around the corner and property industry players are again voicing calls for the government to reduce its quantity of land sales and to offer sites only Read More...
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4 sites relaunched for collective sale at lower prices PropNex Realty is relaunching four sites for en bloc: Cavenagh Gardens in Cavenagh Road, Novena Hill in the Novena area, Seletar Gardens along Yio Chu Kang Road and Hong Thye in Geylang. It hopes Read More...
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The incredible shrinking condo An emerging trend in private housing is compact, capsule condos within the city. Targeted at young singles and property investors, some new studios have shrunk in size to as little as 300-400 sq ft, as developers try to Read More...
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Soilbuild clinches JTC award to build stack-up factory JTC Corporation has awarded the development of its stack-up factory to Soilbuild Group Holdings. Soilbuild won the tender to build, own and operate a business facility on a site at Tanjong Kling, Read More...
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New homes set to raise level of city centre buzz Singapore's city centre is set to get bigger and bolder in the next decade, with the injection of around 23,000 homes. The latest URA data shows Marina Bay properties transacting at around $2,100 psf Read More...
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Choa Chu Kang residential parcel up for sale The URA launched a 1.9-hectare residential site in Choa Chu Kang drive for sale by public tender. Analysts reckon the 99-year leasehold site could fetch $230-270 psf ppr, or $131.7 million to $154.6 million Read More...
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