expatriate numbers in Singapore have stabilised recently, which has curbed demand for rental property in popular expatriate neighbourhoods. "Furthermore, improved transport links in Singapore have led to movement away from historically popular districts ... ( read original story ...)
Paya Lebar Quarter to have Singapore’s first wellness-focused office towers
“We are the first in Singapore to promote wellness in buildings,” says ... “In the past, banks attracted the brightest graduates,” says a property consultant. “Today, they all want to work for a tech company.” Staff costs, including salaries ... ( read original story ...)
Empty bungalows: Grand old dames worth millions left in the cold
In Singapore, such "abandoned" properties are not tracked ... Take, for instance, 67 Cairnhill Road, tucked among soaring condominiums. The aged property is shrouded by tall trees, overgrown ferns and plant roots that creep across a boundary wall. ( read original story ...)
GuocoLand posts S$57.12mil net profit in Q2
Meanwhile, GuocoLand completed the acquisition of a residential site at Martin Place in Singapore for a bid price of S$595.1 million during the six-month period. Last November, it also won the right to develop a mixed-use site measuring 48,961 sq m in ... ( read original story ...)
Property agency fined for failing to warn investor of risks in buying foreign property
SINGAPORE: A Singapore property agency that marketed a US hotel project to an investor has been fined S$7,500, for failing to inform him in writing of the risks involved in buying foreign properties. The US developer was later charged with alleged ... ( read original story ...)
Singapore investors pumped $13.85 billion into Asia-Pac property in 2016
SINGAPORE investors ploughed more capital into real estate in the Asia-Pacific last year than a year earlier, with land and offices topping their list of purchases, even as their acquisition fervour back home continued to ease. Data from Real Capital ... ( read original story ...)
World’s first composite lift unveiled in Singapore
Alister Bennett, Managing Director of Singapore Lift Company (SLC), showing the prototype lift to reporters. (Photo: SLC) Singapore Lift Company (SLC) has launched the first composite lift in the world, paving the way for the city-state to manufacture a ... ( read original story ...)
Fewer property agents, agencies in 2017
Poor market sentiment has contributed to a drop in the number of registered property agents in Singapore. (Photo: CEA) There has been a continuous drop in the number of licensed real estate agencies and registered agents in Singapore, as more agencies and ... ( read original story ...)
Maintain property curbs until economy shows sustainable growth
Standard Chartered Bank Singapore chief executive Judy Hsu noted that this year, a cooling property market is likely to dampen the growth of the Singapore economy ("Bank chiefs eye growth areas to bank on amid volatility"; Jan 2). However, I urge the ... ( read original story ...)
Warehouse owner GLP seeks bidders for Singapore company
Global Logistic Properties Ltd. has begun formally reaching out to potential bidders for the $7.8 billion industrial property owner, people with knowledge of the matter said. The Singapore-based company sent out an information letter to targeted bidders at ... ( read original story ...)
Singapore: Falcon bank top exec faces 16 charges amid 1MDB-linked probe
SINGAPORE prosecutors on Thursday filed 16 charges against the former local branch manager of Swiss-based Falcon Private Bank AG as part of an ongoing investigation tied to scandal-hit state investment fund 1Malaysia Development Bhd (1MDB). The bank, which ... ( read original story ...)
Investing in UK properties for Singapore investors
London’s property market is a favourite with Singapore’s affluent investors. But post-Brexit, the decision to invest in the UK has become complicated. While the British pound is now cheaper, making purchases more affordable, the prospects for an ... ( read original story ...)
Owners of United Engineers said to be mulling sale
The biggest stakeholders of United Engineers Limited (UEL), which has a market capitalisation of $1.7 billion, have officially begun evaluating buyer interest in the 105-year-old Singapore property conglomerate, reported Bloomberg, citing sources privy to ... ( read original story ...)
Singapore files 16 charges against Falcon branch manager amid 1MDB-linked probe
SINGAPORE (Reuters) - Singapore prosecutors on Thursday filed 16 charges against the local branch manager of Swiss-based Falcon Private Bank AG, as part of an ongoing investigation tied to scandal-hit state investment fund 1Malaysia Development Bhd (1MDB ... ( read original story ...)
Singapore slaps 16 charges on Falcon Bank branch manager amid 1MDB probe
SINGAPORE (Reuters) - Singapore prosecutors on Thursday filed 16 charges against the local branch manager of Swiss-based Falcon Private Bank AG, as part of an ongoing investigation tied to the scandal-hit Malaysian state fund 1Malaysia Development Bhd ... ( read original story ...)
Mortgage rates, home sales and prices seen rising in 2017
"The one good thing is that interest rates were quite low." As recently as this summer, homebuyers had ultra-low mortgage rates on their side. Good news for any borrower, but especially for those in expensive housing markets like Los Angeles, Boston and ... ( read original story ...)