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 [...]

  Dubai rental market on the rise Concern about the credit crunch has created a movement in the Dubai property market away from sales towards rentals, according to industry experts. More and more properties are being marketed for rent rather than being sold on. ‘Speaking to brokers, we have noticed a shift in the market. [...]

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 [...]

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 [...]

Property risks back in spotlight Developers with overseas exposure stay upbeat amid downturn. By Uma Shankari Business Times Singapore THE property business has come full circle for listed developers here. A few years ago, with land prices on the upswing and intensifying competition in Singapore, many property companies ventured overseas into untapped markets in search of [...]

Malay Village area set for a revamp under URA Draft Masterplan 2008 By Imelda Saad, Channel NewsAsia | Posted: 26 May 2008 2007 hrs SINGAPORE: National Development Minister Mah Bow Tan has unveiled some features of the Malay Village facelift under the URA Draft Master Plan 2008. In outlining future plans for the Paya Lebar [...]

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 [...]

Singapore Poly students submit ideas to remake Punggol Town By Chio Su-Mei, Channel NewsAsia | Posted: 03 June 2008 1733 hrs SINGAPORE: The Housing Development Board (HDB) is tapping on the minds of Singapore Polytechnic (SP) students, to remake Punggol Town. The call for ideas is also extended to the general public.www.hdb.gov.sg. Gabriel Seah, a [...]

Stretch of CTE between Ang Mo Kio Ave 1 and 3 to be widened Posted: 30 May 2008 1843 hrs SINGAPORE : The Land Transport Authority (LTA) will be widening various stretches of the Central Expressway (CTE). This was announced by LTA when it gave details of the first stretch to be widened – 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 [...]