‘Realistic’ prices drive home sales

‘Realistic’ prices drive home sales
 
FOR nine months over an unfolding global credit crunch, developers here held back from pushing out condominiums and houses into the market. Homebuyers found little variety in the showrooms.
 
But when the supply gate was unlatched in June, interest poured back in — especially into the mass-market segment — resulting in a [...]

Office rents in Singapore showing signs of peaking

Office rents in Singapore showing signs of peaking
 
SINGAPORE: Office rents in Singapore are starting to show signs of peaking, said property analysts.
 
They noted that prime rental costs have generally increased at a far slower pace in the first half of this year, compared to 2007.
 
Looking ahead, they expect office rents to soften even [...]

Route, stations for Downtown Line 2 unveiled

Route, stations for Downtown Line 2 unveiled
 
 

 
RESIDENTS in north-western Singapore now have an idea of how the Downtown Line 2 (DTL2) will run through their part of the island after its rail alignment and station locations were announced yesterday.
 
The 16.6km second stage of the Downtown Line will provide rail access to the Bukit Timah Corridor.
 
It [...]

Hiap Hoe puts in top bid of S$73.3m for Balestier Road hotel site

Hiap Hoe puts in top bid of S$73.3m for Balestier Road hotel site
 
SINGAPORE : Property developer Hiap Hoe has put in the top bid of S$73.3 million for a hotel site at Balestier Road and Ah Hood Road.
 
The price works out to S$172 per square foot per plot ratio for the 99-year leasehold site. [...]

CapitaLand sets up US$1b fund to invest in China

CapitaLand sets up US$1b fund to invest in China
 
SINGAPORE: Southeast Asia’s biggest property developer, CapitaLand, has set up a US$1 billion private equity fund to invest in mixed-use commercial properties in China.
 
The size of the fund could be increased to US$1.3 billion by the end of this year.
 
The Raffles City China Fund is [...]

CapitaLand starts China private equity fund

CapitaLand starts China private equity fund
 
CapitaLand has established its first integrated development private equity fund in China.
 
The Raffles City China Fund closed at 1 billion US dollars, making it the largest fund originated and managed by CapitaLand to date.
 
In a filing to the Singapore exchange, CapitaLand said the fund’s principal objective is to invest in [...]

Singapore home sales in June up 80% from May

Singapore home sales in June up 80% from May
 
SINGAPORE: June was the best performing month in terms of home sales since the property market tumbled last September, according to numbers released by the URA on Tuesday.
 
Altogether, 801 private homes were sold, a jump of 80 per cent from May.
 
But there were also more [...]