Singapore Property and Real Estate News Portal

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 [...]

US new home sales rise 3.3% in April Posted: 27 May 2008 2328 hrs WASHINGTON: Sales of new homes across the United States rose an unexpected 3.3 percent in April from the prior month, to a seasonally-adjusted annual pace of 526,000 homes, a government report showed on Tuesday. The spike in sales confounded most economists [...]

URA releases 2 sites at Woodlands, Kallang Pudding Road for sale Posted: 27 May 2008 1852 hrs SINGAPORE: The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Industrial Park E5 for sale by public tender. The site has an area of 1.68 ha and is zoned for a Business 2 development. The [...]

Restoration work underway at Cornwall Gardens Road By Hiroshi Limmell, Channel NewsAsia | Posted: 27 May 2008 2102 hrs SINGAPORE: The Land Transport Authority (LTA) has said expects one lane of Cornwall Gardens Road to be opened this Friday. LTA said its inspection of the area is complete and reassures the public that buildings in [...]

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. [...]

URA closes tender bid for Choa Chu Kang site By Desmond Wong, Channel NewsAsia | Posted: 26 May 2008 2042 hrs SINGAPORE : The Urban Redevelopment Authority (URA) has closed the tender for a 53,200-square metre residential site at Choa Chu Kang Drive. The highest offer for the site was for S$116 million, which translates [...]

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 [...]

Shaw House, Shaw Centre may undergo major revamp next year By Timothy Ouyang, Channel NewsAsia | Posted: 12 May 2008 2145 hrs SINGAPORE : Another landmark near Orchard Road may soon get a facelift. Channel NewsAsia understands that Shaw Organisation is considering a major redevelopment of Shaw House and its neighbouring Shaw Centre. According to [...]

Three new linkways at Southern Ridges cost S$25.5m By Wong Siew Ying, Channel NewsAsia | Posted: 10 May 2008 1911 hrs SINGAPORE: The three new linkways at the Southern Ridges cost the Urban Redevelopment Authority S$25.5 million to build. To enjoy the view on foot, one must be prepared to spend at least two and [...]

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 [...]