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 [...]

ZURICH – Swiss bank UBS AG, under pressure at home to give up on hefty bonus schemes in the face of its poor performance, said on Monday it will introduce a more transparent pay system for top executives. The bank, which is struggling in the sub-prime crisis and whose shares slumped to a new all-time [...]

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 [...]

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 [...]

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 [...]

Property analysts say muted property market situation is temporary By Ng Baoying, Channel NewsAsia | Posted: 28 May 2008 2209 hrs SINGAPORE: Investors have been cautious about the property sector amid expectations that the muted residential property market will weaken further. However, some property consultants are taking a slightly more positive stance, saying that this [...]

Katong Mall up for collective sale by tender Posted: 26 May 2008 1807 hrs SINGAPORE : Katong Mall is up for collective sale by tender. Under the Master Plan, the 99-year leasehold 78,158 square foot commercial development site has a gross plot ratio of up to 3.6, with an allowable building height subject to evaluation. [...]

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 [...]

Raffles Hotel has been sold – again Posted: 09 May 2008 1116 hrs SINGAPORE: The Grand Dame of Singapore will be getting a new master, yet again. Fairmont Raffles Hotel International, controlled by Saudi Arabian billionaire Prince Alwaleed bin Talal and United States-based private-equity company Colony Capital, is selling its stake in the 120-year-old Raffles [...]

A-REIT to buy business park building in Jurong for S$246.8m Posted: 09 May 2008 1937 hrs SINGAPORE : Ascendas Real Estate Investment Trust (A-REIT) is buying a business park building in Jurong for S$246.8 million. The property at 31 International Business Park is currently owned by multimedia firm Creative Technology. It has a gross floor [...]