Commercial Property
Chinese buyers splurged more than $85mn on top end properties
Chinese buyers splurged more than $85mn on top end properties
Of the 54 units sold to date in 1Q 2011 for top end properties 31% of them were bought by Chinese, the largest among foreign buyers.
Bartley Road / Lorong How Sun residential site sold for $413.27mn
The site, which can house up to 620 high-rise condominiums, was offered for sale on a 99-year lease term.
Grade A rents smashed through $10 barrier
But CBRE warns that rental growth may be slowing as occupiers digest the significant expansion space taken up last year.
Non-prime regions capital values increased up to 2.5% in 1Q11
Central and East Coast regions are now at a record of $1,043 per sq ft, exceeding the previous high of $1,020 per sq ft achieved in 4Q10.
Ang Mo Kio industrial site sold for $128.13mn
Sim Lian Development Pte Ltd placed the highest bid, while the second highest bid was $125.78 million submitted by Qinghe and Qingdao Construction.
Urban Redevelopment Authority launches new residential sites at Jalan Loyang Besar / Sembawang Road
The residential sites can potentially yield about 970 housing units.
KOH Brothers Group granted $63.15mn contract
The contract was awarded by Phileap Pte Ltd. for condominuim development at Khiang Guan Avenue.
Raffles Place rents set to smash $10psf mark
And the bad news for tenants doesnt end there, with property firm Colliers predicting they may hit $12 psf this year.
Orange Tee sold half of "Everitt Edge" since March 19 launch
EXCLUSIVE: 18 out of 36 residential units have been sold in under 2 weeks. According to the property developer’s Senior Group Associate Director Roy...
New home take-up dropped to 3,200-3,400 for the year
The result is 20-25 percent lower than the 4,241 units sold in Q4 of 2010
Average resale price of leasehold condominiums inched up by 0.8% in Q1 2011:DTZ
The average resale price of freehold non-landed condiminiums in the prime districts of 9, 10 and 11 rose by 0.4% quarter-on-quarter.
JTC launches tender for site at Fusionopolis Link
The site covers 30 hectares in one-north, according to JTC Corporation.
The Hanging Gardens of Singapore: 6 Battery Road gets a Babylonian makeover
Named the “Rainforest Rhapsody”, the vertical garden of about 2,000sq ft is populated by a rich array of about 120 plant species.
Strong investor appetite moves CapitaMall Trust to raise a further $100mn in $350mn bond issue
The lead manager has upsized the option in full due to favourable demand for the convertible bonds.
The Clementi Mall 100% leased
Almost half of its tenants are opening for business today and the remaining tenants will follow soon after.
Grade A office rents up 11.2% over last 3 months:Colliers
Year growth is expected to come up to about 25%, reaching $2,500- 2,700psf by end 2011.
Singapore industrial real-estate investment trusts' expansion into China poses risk:Moody's
The competition for industrial properties in Singapore is intensifying, said Moody's.
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