DBS, Neo & Partners Global, win WatersTechnology Asia awards

DBS Bank and homegrown Neo & Partners Global clinched awards at the WatersTechnology Asia Awards 2020 on July 9.

SPOTLIGHT

Offerings beckon in Singapore's 5 regions

THESE are unprecedented times for people around the world, including Singapore. Economies are being derailed. New ways of doing things have been adopted on a large scale while trends such as e-commerce and digital payment have accelerated.

1.1% drop in URA's Q2 private home price index 'mild', say analysts

THE Urban Redevelopment Authority's benchmark overall private home price index fell for the second consecutive quarter. It eased 1.1 per cent quarter-on-quarter (q-o-q) in Q2 2020 based on the flash estimate issued on Wednesday, after slipping 1.0 per cent in Q1 2020.

Singapore private home prices down 1.1% q-o-q in Q2 2020: URA flash estimate

THE Urban Redevelopment Authority's (URA) flash estimate for the second quarter of 2020 shows that the overall price index for private homes shrank 1.1 per cent over the preceding quarter.

Beauty World site set to catalyse area's rejuvenation

A JUST-RELEASED 99-year leasehold commercial and residential site near Beauty World MRT station has many strong attributes, say property consultants.

URA launches Jalan Anak Bukit site under dual-envelope tender

THE Urban Redevelopment Authority (URA) has launched for sale a commercial and residential site along Jalan Anak Bukit, near Beauty World MRT Station, under a dual-envelope tender system.

Allianz, Korean pension service set up Asia-Pac property fund

ALLIANZ has teamed up with The National Pension Service of Korea (NPS) to set up a property fund with US$2.3 billion equity. With leverage, the fund will have the capacity to invest in US$4.6 billion of real estate in the Asia-Pacific region.

GCB in White House Park sells for nearly S$60m

A FREEHOLD bungalow in White House Park, near the Singapore Botanic Gardens, is being transacted for close to S$60 million.

ABI Plaza said to be on the market

ABI Plaza, a 12-storey freehold office building with triple frontages along Keppel, Tanjong Pagar and Lim Teck Kim roads, is understood to be on the market.

HOCK LOCK SIEW

Fear of missing out? Beware agents' hype on new home sales and prices

THERE has been much hype generated by some property agents about the relatively strong primary-market private housing sales volumes during the recent "circuit breaker" lockdown period - despite restrictions that curtailed developers' ability to launch new projects.

VIRUS OUTBREAK

Patchy sales on first day of showflats reopening

IT SEEMS to have been a day of generally patchy sales for developers when they could finally open the doors to their showflats after shutting them nearly two and a half months ago as part of measures to halt the spread of the Covid-19 bug.

New commercial project planned in Changi

AFTER opening Jewel last year, Changi Airport Group (CAG) has begun planning for another commercial project, although it may be some time before plans come to fruition.

Several recent GCB deals had viewings before circuit breaker

THERE have been several bungalow transactions in Good Class Bungalow (GCB) Areas recently - though viewings by the respective buyers had been done before the onset of the "circuit breaker" partial lockdown on April 7.

Warehouses in vogue amid stockpiling, surge in e-commerce

WHILE most segments of the Singapore property market have been impacted negatively by the Covid-19 outbreak, leasing demand for warehouse space has been resilient in the past three months - on the back of national stockpiling efforts, and a surge in online shopping and e-commerce activity, among...

BT EXCLUSIVE

Mediacorp's former Caldecott Hill site may come to market soon

MEDIACORP may finally be getting ready to put up its former campus in Caldecott Hill for sale.

Saudi group tipped as buyer of ex-Chevron House retail, banking units

AN ENTITY linked to Saudi Arabia-based Olayan Group is understood to be the party that entered into an expression of interest (EOI) last month to buy the retail podium and the three lowest office floors at 30 Raffles Place, formerly known as Chevron House, for S$315 million.

Ho Bee bolsters recurring income shield

IN 2010, Ho Bee Land clinched a commercial site beside the Buona Vista MRT Interchange. With this, the group sowed the seed for transforming its business model from one that had been reliant almost entirely on property development to one with a strong base of recurring income.

Nassim bungalow put on market with asking price of over S$41m

LMG Realty, now part of BRC Asia, has put on the market a soon-to-be completed freehold bungalow on Nassim Road.

Have property cooling measures lost their punch?

OVER the past 25 years, Singapore has had at least 10 sets of property cooling measures. These interventions were rolled out not only to curb speculation and rein in runaway home prices, but also to foster financial prudence among buyers and discourage over- investment in the private housing...

SATURDAY SOAPBOX

Finding the silver lining in Covid-19 cloud

THE novel coronavirus pandemic has claimed many lives and is exacting a harsh toll on the global economy. Our compassion goes out to all those who have lost a loved one or suffered hardship of one form or another due to the outbreak. May everyone find peace.

Vicki Zhao's husband buys S$28m penthouse

HUANG Youlong, the businessman husband of Chinese actress Vicki Zhao, has bought a penthouse at freehold Ardmore Park condo for S$27.65 million or about S$3,164 per square foot based on the strata area of 8,740 sq ft.

HOCK LOCK SIEW

How sustainable is the retail Reit model?

WHEN the first Singapore real estate investment trust (S-Reit), CapitaLand Mall Trust (CMT), was floated nearly 18 years ago, it soon became a stock market darling - rewarding unitholders with not only regular distributions from rental income but also attractive appreciation in unit prices.

Yishun EC site tender period to last 6 months

PROPERTY consultants have mixed views on the likely outcome for a state land tender for an executive condo (EC) housing site in Yishun launched on Thursday.

Q1 negative net office absorption sign of worse to come

HIT by the Covid-19 outbreak which added to the headwinds from the unresolved US-China trade tensions from last year, net office absorption in Singapore in the first quarter of this year shrank for the first time in 12 quarters.

Singapore retail rents in central region down 2.3% in Q1: URA

AMID the Covid-19 outbreak, rentals of retail space in Singapore's central region eased 2.3 per cent in the first quarter of 2020 over the previous three months.