Sales of new private homes up 16% in September

Sales of new private homes up 16% in September
 
Sales of new private homes in Singapore rose almost 16 percent in September compared to August, as home buyers returned to the market following the Hungry Ghost Month.
 
The Chinese Festival stretches over one month and ended in late August.
 
Some buyers consider this an inauspicious time to [...]

Offices empty

Offices empty
 
Demand for high-end units eases, agents say rents likely to fall
 
WITH banks around the world falling like nine pins, it’s not surprising that demand for top-quality Singapore office space is easing off.
 
The estate agents are agreed: Rents have already peaked, and occupancy levels are falling — with rents likely to follow. [...]

$10m contract to build zero-energy building

$10m contract to build zero-energy building
 
THE $10.47-million contract for Singapore’s first zero-energy building has been awarded to local firm ACP Construction. Work to retrofit an existing building at the BCA Academy along Braddell Road starts this month and should be completed by next year.
 
As announced earlier, everything in the building, from the lights [...]

More growth ahead, but slower?

More growth ahead, but slower? : 
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THE slightly smaller increase of 4.2 per cent in resale prices between July and last month, when compared to the second quarter’s4.5 per cent, may be a sign that HDB resale prices have begun to moderate.
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But overall, analysts expect the market to continue to post growth next year, [...]

Now, trough ahead

Now, trough ahead 
After 4-1/2 years, prices dip 1.8%; turmoil may force owners’ hands
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THE tide has finally turned, in one analyst’swords. After more than four years, or17 consecutive quarters, of growth since early 2004, the prices of private homes posted their first decline of 1.8 per cent.
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And coming as this does amid a [...]

URA expects Q3 private property to fall 1.8%

URA expects Q3 private property to fall 1.8%
 
SINGAPORE: Private home prices in Singapore fell by 1.8 per cent in the third quarter, according to flash estimates released Thursday by the Urban Redevelopment Authority.
 
This is the first time overall prices of private apartments have dipped in four years to 174.3 points in the third quarter, [...]

GuocoLand appoints new CFO

GuocoLand appoints new CFO
 
GuocoLand has appointed a new Chief Financial Officer or CFO
 
With effect from this month, Tan Teck Huat will replace Jerry Lee as GuocoLand’s CFO
 
In a filing with the Singapore Exchange, the company said Mr Lee is leaving to pursue personal interests
 
It added that Mr Tan was appointed based on his 20 [...]

Genting Int’l to invest additional 300 million dollars in Resorts World Sentosa

Genting Int’l to invest additional 300 million dollars in Resorts World Sentosa
 
Genting International said it has invested an additional 300 million Singapore dollars in Resorts Worlds Sentosa, a unit that is developing a casino-resort on Sentosa Island.
 
The company said in a statement that the additional investment in Resorts World Sentosa is not expected to [...]

HDB flat prices in Q3 highest since 1996

HDB flat prices in Q3 highest since 1996
 
Prices of public flats in Singapore continued its steady climb in the third quarter, pushing the HDB resale price index to its highest level since 1996.
 
According to a flash estimate based on two months of data released by the Housing Board, the price index rose to 137.4 [...]

Q3 Private Home Prices slipped for first time since 2004

Q3 Private Home Prices slipped for first time since 2004
 
Private home prices in Singapore slipped in the third quarter for the first time since the first quarter of 2004, as the residential property market softens.
 
The Urban Redevelopment Authority or U-R-A, says according to preliminary estimates based on two months worth of sales caveats, prices [...]