Singapore Property and Real Estate News Portal

THERE were some errors in our report, River Valley condo Luma relaunches with prices halved (BT, Nov 14).
The condominium is located at River Valley Grove and not St Thomas Walk. The number of units sold earlier was not 10, but six.
BT also understands that the developer, Novelty Group, purchased the site for around $27 [...]

Posted on November 17th, 2008 under Singapore News | . Tags: asia economy, Banking, Business times, central, city, Clarification, condo, condo for sale, Correction, developer, district 10, district 9, Economy, Financial, Fiscal Year, Growth, inflation, Investment, Investments, land sales, landed property, Luma, Markets, Monetary, new launch property, new project launch, Novelty Group, Orchard, Performance, prime district, private property, projects, property market, real estate, real estate agent, real estate investment, residential, river valley, shares, Singapore, singapore business, singapore economy, singapore growth, singapore investment, singapore news, Singapore Property, Southeast Asia, St Thomas Walk, stock market, town, world economy, world news, world trade. Comments: 2

HONG KONG - Hong Kong is heading for a record HK$80 billion (US$10.3 billion) budget deficit for 2008/09 after offering tax concessions and handouts and as a weakening economy depresses public revenues, Deloitte forecast on Thursday.
Analysts say Hong Kong’s economy is heading for recession within the next six months, after four years of robust growth [...]

Posted on November 15th, 2008 under Singapore News | . Tags: asia economy, developer, Hong Kong, Investments, new project launch, price rise, private property, Property, property market, real estate, world economy, world news. Comments: None

Economic slowdown seen putting brakes on energy efficiency drive here

GREEN development in the building space is likely to take a backseat among some organisations given the economic slowdown because the benefits are not tangible in the short-term, a building consultant said.
This is despite it being the ‘most ideal time’ to invest in green technology because [...]

Posted on November 15th, 2008 under Singapore News | . Tags: central, city, developer, district 10, district 9, Environment, Green, Investment, new project launch, prime district, projects, Property, property market, real estate, real estate investment, residential, Singapore, singapore growth, town, world economy, world news, world trade. Comments: None

Sim Lian Land puts in top bid of S$52m for Simei Road site
Posted: 03 June 2008 1938 hrs
SINGAPORE : Only two bids were received in the tender for a residential site at Simei Road, which is being launched under HDB’s Design, Build and Sell Scheme.
Property developer Sim Lian Land put in the top bid [...]

Posted on June 3rd, 2008 under Real Estate News, Singapore News | . Tags: developer, real estate, real estate investment, Singapore Property. Comments: None

Pacific Star increases stake in Prime REIT to 50%
Posted: 29 May 2008 2102 hrs
SINGAPORE : Singapore-based real estate investment house Pacific Star Group has agreed to buy the 25 percent stake held by MEAG Munich Ergo Asset Management in Prime REIT Management Holdings.
Prime REIT owns 100 percent of listed Macquarie Pacific Star Prime REIT [...]

Posted on May 29th, 2008 under Singapore News | . Tags: developer, real estate, real estate investment. Comments: None

Mapletree, China firm to build apartments, retail mall in Guangdong
By Channel NewsAsia | Posted: 26 May 2008 2335 hrs
SINGAPORE: Mapletree Investment, the real estate branch of Singapore investment firm Temasek, has signed an agreement with China’s Guangzhou Southern-Donald Technology to build seven blocks of high-end service apartments and a retail mall.
Mapletree will hold 80 [...]

Posted on May 26th, 2008 under Real Estate News, Singapore News | . Tags: developer, real estate, real estate investment. Comments: None

Ho Bee’s Q1 net profit drops 62% to S$26m
Posted: 08 May 2008 2027 hrs
SINGAPORE: Property developer Ho Bee has reported a 62 percent drop in first quarter net profit to S$26 million. Its revenue also fell 62 percent to S$94 million.
Ho Bee said this was mainly due to the lower recognition of revenue from [...]

Posted on May 8th, 2008 under Real Estate News, Singapore News | . Tags: developer, property market, real estate, Singapore Property. Comments: None

Developers may get grants of up to S$1m when installing solar panels
By Ng Baoying, Channel NewsAsia | Posted: 06 May 2008 2211 hrs
SINGAPORE: The Economic Development Board (EDB) has unveiled more details of the Solar Capability Scheme, aimed at spurring demand for clean technology and building up expertise in the new industry.
The S$20 million [...]

Posted on May 6th, 2008 under Singapore News | . Tags: developer, real estate, real estate investment, Singapore Property. Comments: None

Keppel Land enters joint venture with Sunsea Yacht Club
By Channel NewsAsia | Posted: 30 April 2008 2105 hrs
SINGAPORE: Keppel Land has entered into a joint venture with Sunsea Yacht Club to develop its first integrated residential cum marina lifestyle development in Zhongshan, Guangdong.
Keppel Land will have an 80 per cent stake in the venture [...]

Posted on April 30th, 2008 under Real Estate News, Singapore News | . Tags: developer, real estate, real estate investment, Singapore Property. Comments: None