The Land Transport Authority (LTA) will be calling several tenders for the construction of the 21.5km North-South Corridor (NSC) in the coming months. With the aim of connecting towns in the northern region to the city centre, the NSC is touted as Singapore’s first integrated transport corridor, featuring continuous bus lanes and cycling trunk routes, … Read more
Jewellery and property group Aspial Corporation has secured $275 million in revenue after selling all the units at Waterfront @ Faber, which comprises 199 apartments and 11 strata-landed homes. The group expects to receive a substantial payout once the residential project receives its TOP in the first half of 2017. “Despite the challenging operating environment, … Read more
The sales gallery for Gem Residences, the first private condominium to launch in Toa Payoh since 2009, will open (29 April) at Lorong 5 Toa Payoh. Jointly developed by Gamuda Land, Evia Real Estate and Maxdin, the 578-unit project is expected to cater to the pent-up demand for property in the area. A mix of … Read more
Paying off the monthly instalments of HDB loans for Build-To-Order (BTO) flats has become easier in the past three years, even though the maximum tenure of these mortgages was reduced from 30 years to 25 years in 2013, reported TODAYonline. According to the Housing Board, the debt servicing ratio (DSR), or the proportion of a … Read more
A small scenic village on the island of Tasmania in Australia was recently put up for sale, drawing interest from local and international investors, including Singaporeans, reported Agence France-Presse (AFP). The 145ha Tarraleah village has attracted potential buyers from Australia, China, Hong Kong and Singapore since it was listed on the market late last week, … Read more
SHANGHAI: There are downside risks for the China property market in the second quarter because of the tightening measures that have been reintroduced to some cities, a Chinese government researcher said. The curbs in first-tier cities are limiting property sales’ growth, Zhang Changcai, deputy director general at the Information Research Department of the State Council, … Read more
DUBAI: Dubai’s Emaar Properties plans to build a new tower in the emirate to surpass the Burj Khalifa, currently the world’s tallest building, chairman Mohamed Alabbar told reporters. The new project comes as Dubai developers continue to announce new schemes despite a softening real estate sector, with the Emaar-built Burj Khalifa expected to be usurped … Read more
The US National Association of Realtors (NAR) has stated that demand from foreign buyers is weakening, with the strong US dollar and rising home prices forcing some investors to look at other countries that offer more value, reported The Wall Street Journal recently. Many experts had predicted that foreigners would flood the US property market … Read more
In January 2016, benchmark crude reached a 12 year low with prices falling under $30 a barrel because of oversupply in the market driven by the decision of OPEC to defend market share and not reduce supply. Decrease in the price of oil has many multiplier effects we will try and examine how a low … Read more
UPDATED: A residential site at New Upper Changi Road/Bedok South Avenue 3 (Parcel B) was launched for sale by public tender today, revealed the Urban Redevelopment Authority (URA). The 2.4ha site which could yield about 570 housing units was made available for sale on the reserve list of the second half 2015 Government Land Sales … Read more
You must be logged in to post a comment.