singapore-property-updates
Singapore property
Information and news about properties in Singapore - Resource for buying, selling and renting of properties in Singapore.
For more property related information, please visit www.property4sale.sg.
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Singapore is the sixth preferred location out of 20 cities among Chinese-writing buyers when buying residential properties worth S$1.3m (USD1m) or more, according to a survey by Propgoluxury.com. The first five cities are: 1. Hong Kong 2. London 3. Los Angeles 4. New York 5. Paris Reasons cited for choosing Singapore are: * Singapore is a major strategic and financial hub in the South-east Asia and Asia-Pacific regions with political stability, economic growth, and a world-class infrastructure, education system and airport. * Similarities in culture and background provide ease for these buyers to integrate in. * Singapore's close proximity to China and Hong Kong allow convenience in travelling. * With limitations in land supply, Singapore properties are 'blue chip' investments; they tend to appreciate over time. Reference: My Paper. (17 Dec 2014). Luxe S'pore homes draw foreign Chinese investors. #Singapore property #whyinvestinSingapore
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Peace Centre and Peace Mansion put up for sale with an indicative price of about S$680m. Location: 1 Sophia Road, Singapore Tenure: 99-year leasehold from 2 Jun 1970 Site area: 76,617 sf Zoned: commercial based on Master Plan 2014 Gross plot ratio: 4.2 Tender launched by: Colliers International Close on: 11 Feb 2015, 2.30pm Potential development: * Mixed-use with office, retail, residential, serviced apartment units with allowable gross floor area of about 604,578 sf. * Refurbishment and reconfiguration, subject to approvals. Peace Centre - modern shopping mall; Peace Mansion -with serviced apartments. Reference: Channel NewsAsia. (15 Dec 2014). Peace Centre, Peace Mansion on Sophia Road put up for sale. #Peace Centre #Peace Mansion #singaporeproperty
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Blackstone and CIMB Bank invest in CDL's Quayside Collection at Sentosa Cove (the W hotel, the Quayside Isle retail complex and the Residences at W Singapore). The investment instrument adopted is Profit Participating Security (PPS) that 'give investors a fixed payout based on 5% interest per annum for a period of five years, in addition to a participation in the cashflow over the period that they hold the PPS.' Investments by various parties are: * Astoria Holdings (wholly-owned subsidiary of CDL) - S$281m * Blackstone’s Tactical Opportunities Fund - S$367m * CIMB Bank - S$102m And, DBS Bank and OCBC will provide S$750m in value of senior loan facilities. The investment is valued at S$1.5b. Reference : Channel NewsAsia. (16 Dec 2014). Blackstone, CIMB to invest in CDL’s Sentosa Cove properties. #CDL #CIMB #Blackstone #Astoria Holdings #Quayside Collection at Sentosa Cove #W hotel #Quayside Isle #Residences at W Singapore
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Singapore is viewed favorably for real estate investment and development prospects for year 2015. The report, by Emerging Trends in Real Estate® Asia Pacific 2015, is based on the opinions of 385 internationally renowned real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants. Although Singapore has slipped from 7th position to 9th this year, it is still viewed as favourable as fundamentals of the sector in Singapore are strong and attractive. 'Singapore continues to be an attractive location to do business, live, work and play and this is evidenced by her high rankings in several global reports on ease of doing business, quality of living and competitiveness, among others...' Top 5 investment markets for 2015 are: 1. Tokyo, Japan 2. Jakarta, Indonesia 3. Osaka, Japan 4. Sydney, Australia 5. Melbourne, Australia For more, read: #whyinvestinSingapore #real estate singapore #
Singapore is viewed favorably in terms of investment and development prospects next year, according to Emerging Trends in Real Estate® Asia Pacific 2015, a...
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Singapore is viewed favorably for real estate investment and development prospects for year 2015. The report, by Emerging Trends in Real Estate® Asia Pacific 2015, is based on the opinions of 385 internationally renowned real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants. Although Singapore has slipped from 7th position to 9th this year, it is still viewed as favourable as fundamentals of the sector in Singapore are strong and attractive. 'Singapore continues to be an attractive location to do business, live, work and play and this is evidenced by her high rankings in several global reports on ease of doing business, quality of living and competitiveness, among others...' Top 5 investment markets for 2015 are: 1. Tokyo, Japan 2. Jakarta, Indonesia 3. Osaka, Japan 4. Sydney, Australia 5. Melbourne, Australia For more, read: #whyinvestinSingapore #real estate singapore #
Singapore is viewed favorably in terms of investment and development prospects next year, according to Emerging Trends in Real Estate® Asia Pacific 2015, a...
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Singapore: First half of 2015 Government Land Sales (GLS) 6 Confirmed List sites: ● 6 private residential sites (including 1 EC site) (approx. 3,020 private residential units including 490 EC units). 13 Reserve List sites (approx. 5,750 private residential units and 265,000 sqm GFA of commercial space): ● 9 private residential sites (including 1 EC site) ● 1 commercial & residential site ● 2 commercial sites ● 1 White site In total, the above sites can yield up to 8,770 private residential units (inclus I've of 1,010 EC units) and 265,000 GFA of commercial space. For more details > http://www.ura.gov.sg/uol/land-sales.aspx?p1=find-gls-site Reference: URA. (4 Dec 2014). Release of first half 2015 Government Land Sales (GLS) Programme. http://www.ura.gov.sg/uol/media-room/news/2014/dec/pr14-74.aspx #GLS #singaporeproperty #URA
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Singapore was ranked No. 7 as the best performer in terms of cleanness out of 175 countries, based on graft watchdog Transparency International's 2014 Corruption Perceptions Index. The full list is published on www.transparency.org. Reference: The Straits Times. Corruption index ranks Singapore as 7th cleanest nation; Turkey, China fall behind. (3 Dec 2014). - See more at: #singaporeproperty
World More World Stories - BERLIN (AFP) - Corruption is feared to be worsening in China, Turkey and other fast-growing economies, an anti-graft watchdog warned on Wednesday, also urging the world's banking centres to help combat sleaze and money-laundering. Singapore was ranked as the No. 7 best performer in terms of cleanness. Read more at straitstimes.com.
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"Stop chasing the money and start chasing the passion." Tony Hsieh
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Singapore is ranked second best in the world for healthcare outcomes based on a generous healthcare system, high life expectancy, low rates of ill-health and low mortality. Singapore achieves 'similar outcomes' to Japan, which is ranked first, but at a lower cost. South Korea is ranked third after Singapore. Reference: Channel Newsasia. 26 Nov 2014. Singapore ranked 2nd worldwide for best healthcare outcomes: EIU. Retrieved from http://www.channelnewsasia.com/mobile/singapore/singapore-ranked-2nd/1495428.html?cid=fbsg. #singaporeproperty #whyinvestinSingapore
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More private homes are put on auction due to rising interest rates and defaults in mortgage payments. According to Colliers International: 1. about 70% were put on sale by owners while the rest by banks. 2. 74% were condominiums and the others were landed properties. Reference: Channel Newsasia. (22 Nov 2014). More homes sold through public auctions. http://www.channelnewsasia.com/mobile/singapore/more-homes-sold-through/1488230.html?cid=fbsg #auction #singaporeproperty
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Useful tips on how to save more for your property
Useful tips on how to save more for your property:
1. Check how much some law firms are charging for conveyancing. Choose one that is reasonable in its fees.
2. Check the interest rates of a few of your preferred banks. A small percentage difference of a big sum can be substantial. Consider the difference between floating rate and fixed rate and if there is a lock in period, in relation to your comfort level and your circumstances.
3. Consider the option of refinancing. After a certain number of years, the interest that you’re paying for may have gone up.
4. Consider the option of repricing. Check with your existing bank on the possibility of a free repricing, before considering refinancing. You may save more instead.
5. Check if your home loan package include mortgage insurance. If so, it makes no sense to buy an additional one. Without, take the trouble to check around for one with a reasonable premium with sufficient coverage.
Reference: www.moneysmart.sg. (18 Nov 2013). 5 pointless reasons that Singaporeans pay more for a house. Retrieved from http://blog.moneysmart.sg/property/5-pointless-reasons-that-singaporeans-pay-more-for-a-house/
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Space occupied by Boon Lay Raja Restaurant is up for sale
Space occupied by Boon Lay Raja Restaurant is up for sale. Location: Jurong Gateway Road, next to Jcube Area: 11,248sf Reserve price: S$15 million (S$1,334 psf) Tenure: 99 years lease with remaining lease of 69 years Marketing agency: Savills Singapore Tender close: 6 Nov 2014 Reference: Channel Newsasia. (8 October 2014). Boon Lay Raja Restaurant may close next year. Retrieved from http://www.channelnewsasia.com/mobile/business/boon-lay-raja-restaurant/1404056.html?cid=FBSG.
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Citimac Industrial Complex is up for en bloc sale.
Location: Junction of Macpherson Road and Paya Lebar Road
Area: 139,789sf
Expected bid: In excess of S$550m
Tenure: Freehold
Maximum allowable plot ratio: 3.5 (under 2014 Masterplan), potential of 489,26sf of gross floor area
Zoning: Business I-White (potential to be redeveloped into shopping mall with 140,000sf of commercial space
Marketing agent: Cushman & Wakefield
Tender close: 30 October 2014
According to report, the sale offers an opportunity for the site to be redeveloped into a 'top-end business I space for data centres, R & D, IT, and sales and distribution centre for medical and aviation industries'.
Reference: The Propertyguru. (26 Sep - 9 Oct 2014). Citimac's owners pin hopes on en bloc sale. Issue 64.
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