Singapore Property and Real Estate News Portal

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 [...]

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 [...]

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 [...]

More land leased out to hostel tenants to meet demand from int’l students By Lee Khai Yan, Channel NewsAsia | Posted: 08 May 2008 2335 hrs SINGAPORE : International students in Singapore will soon have more housing options. With more students from overseas studying here, demand for hostels has increased. So the Singapore Land Authority [...]

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 [...]

Mandarin Gardens’ management panel steps down over enbloc disputes By Timothy Ouyang, Channel NewsAsia | Posted: 02 May 2008 2033 hrs SINGAPORE : Enbloc sales woes and unhappiness at Mandarin Gardens have left the condominium without a management committee for the past week. The previous committee refused to be re-nominated for elections at its Annual [...]

URA closes tender for transitional office site at Scotts Road By Wong Siew Ying, Channel NewsAsia | Posted: 01 May 2008 0003 hrs SINGAPORE: The Urban Redevelopment Authority has closed the tender for the transitional office site at Scotts and Anthony Roads. It was launched for sale on 28 February on a 15-year lease. The [...]

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 [...]