Singapore Property and Real Estate News Portal

Ascott acquires prime London property for S$116m Posted: 08 May 2008 2035 hrs SINGAPORE: CapitaLand’s Ascott unit has bought an existing serviced residence in London for S$116.4 million. The property is located within London’s ‘Midtown’ region at High Holborn. Ascott is currently leasing the property from Land Securities, the UK’s largest real estate investment trust. [...]

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 [...]

New residential buildings must now meet minimum standards for energy efficiency By May Wong, Channel NewsAsia | Posted: 03 May 2008 2253 hrs SINGAPORE: New residential properties must now include basic environment-friendly features before the building plans are approved. This is a requirement introduced on 15 April by the Building and Construction Authority (BCA). Under [...]

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 [...]

URA releases two residential sites for sale By Wong Siew Ying, Channel NewsAsia | Posted: 29 April 2008 1945 hrs SINGAPORE : The Urban Redevelopment Authority (URA) has launched a residential site at Woodleigh Close for sale by public tender. At 1.08 hectare, market watchers said about 260-290 apartment units can be built on the [...]

Iconic hotel group aims for 30 properties worldwide by 2012 By Teo Xuanwei, TODAY | Posted: 28 April 2008 0959 hrs SINGAPORE: When it was bought over by American owners in 2005, controversy erupted: How could you sell what was a historical icon and quintessentially Singaporean brand name, asked some. Today, the Raffles Hotel brand [...]

CapitaLand completes compulsory acquisition of Ascott By Wong Siew Ying, Channel NewsAsia | Posted: 28 April 2008 2053 hrs SINGAPORE: Property developer CapitaLand has completed the compulsory acquisition of the Ascott Group, a serviced-apartments operator. From 28 April, Ascott becomes an indirect wholly-owned subsidiary of the company. It will be delisted from the Singapore Exchange [...]

Private property prices up 3.7% in first quarter Posted: 25 April 2008 1324 hrs SINGAPORE: Prices of private residential properties increased by 3.7% in the first quarter of this year from the last quarter of 2007. Analysts said this could be due to the price discounts offered by developers for some units in the suburban [...]

URA rejects bid for Choa Chu Kang Rd/Woodlands Rd site By Ng Baoying, Channel NewsAsia | Posted: 25 April 2008 2231 hrs SINGAPORE: The Urban Redevelopment Authority (URA) has rejected the highest bid for the residential site at Choa Chu Kang Road/Woodlands Road. In a press release out on Friday, the URA said the price [...]

US new home sales drop 8.5% in March Posted: 24 April 2008 2252 hrs WASHINGTON: Sales of new US homes plunged to a 17-year low in March despite hefty home price declines in response to a glut of unsold homes, Commerce Department figures showed on Thursday. Last month’s new home sales fell 8.5 percent to [...]