SINGAPORE (EDGEPROP) – The property cooling measures introduced by the Government on July 5 to counter the euphoria in the property market is expected to have an impact on bank loan growth. An earlier analysis by RHB Bank said that amongst the three local banks, UOB share price may be impacted more negatively in the short term. UOB has the highest exposure to housing loans, at 27.6 per cent of its...
Image Credits: Woodleigh Residences, Singapore Press Holdings and Kajima DevelopmentSINGAPORE (EDGEPROP) – Woodleigh Residences is a brand new residential cum retail development located along the Upper Serangoon Road, in the highly-coveted Bidadari Estate. The site of the project was purchased by two developers, Singapore Press Holdings and Kajima Development, who came together to place a winning bid of...
Image Credits: Parc Botannia, Sing Development and Wee Hur Holdings LtdSINGAPORE (EDGEPROP) – Parc Botannia at Fernvale Street is a 99-year leasehold new residential property launch by veteran developers Sing Development and Wee Hur Holdings Ltd. The one-of-a-kind condo project sits on a massive 17, 196.4 sqm piece of land and boasts of a maximum gross floor area of 51,590 sqm. The plot of land for this...
SINGAPORE (EDGEPROP) – CBRE announced on August 1 that it has brokered the sale of 4 Pandan Crescent to LOGOS, which may be redeveloped into an e-commerce logistics hub. The transaction is subject to JTC Corporation’s approval.Ms Brenda Ong, Executive Director of Industrial & Logistics Services, CBRE said, “Large sites in prime locations that can accommodate modern, ramp-up logistics facilities...
SINGAPORE (EDGEPROP) – JLL, is inviting offers through an Expression of Interest (EOI) exercise for the purchase of two contiguous 999-year leasehold office floors located at 62 Cecil Street, TPI Building #05-00 and #06-00, Singapore, 049710.Completed in 1983, TPI Building is a six-storey 999-year leasehold office development located within the heart of Singapore’s Central Business District....
SINGAPORE (EDGEPROP) – In assessing the economy of the United States of America, the Federal Open Market Committee (FOMC) kept the Federal Reserve interest rates unchanged for now but hinted at another rate hike as soon as September. The Federal Reserve unanimously voted to keep its benchmark federal-funds rate in a range of 1.75 – 2 per cent at the end of their two-day meeting that ended Wednesday.The...
SINGAPORE (EDGEPROP) – Mr Lim Kim San’s good class bungalow (GCB) at 81 Dalvey Road came to the market for sale on July 31. The GCB is expected to fetch prices above $100 million. The good class bungalow’s proximity to Botanic Gardens and its large plot size of 51,058 square feet, as well as it being situated on high grounds are all cited as reasons for a high price tag.Mr Lim is credited for...
SINGAPORE (EDGEPROP) – HDB flats resale prices increased by 0.1 per cent in the 2nd Quarter of 2018. This increase is the first rise after nine months of continuous decline. The hike – though only incremental – may indicate that HDB resale prices are bottoming out.The Housing & Development Board’s data also showed that HDB resale transactions rose 33.3 per cent from 4,458 cases in Quarter 1 to...
SINGAPORE (EDGEPROP) – Daintree Residence successfully sold 50 of the 80 phase-one units amidst newly introduced property cooling measures. The Phase 1 launch is the first in the real estate market since new property cooling measures kicked in on July 6.The developers of newly launched condominium, SP Setia, said earlier that they were working out a “special discount” for its sales launch on...
SINGAPORE (EDGEPROP) – The launch of new private homes picked up significantly in 2Q18 with 2,437 units placed on the market by developers, 164.6% higher than in 1Q18 and 21.2% higher y-o-y, said JLL. The leading real estate services company noted that rising prices and a more buoyant market led developers to increase the launches during the second quarter.“Launch figures for 3Q18 could remain healthy...
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