BT EXCLUSIVE

Loss-making private home resales bear watching as stimulus tapers off

THE proportion of loss-making residential transactions in the secondary market has eased in recent months after climbing in the second quarter (Q2) of the year, although some analysts say the situation may bear monitoring as policy stimulus and support measures progressively taper off.

Balestier unit fetches S$3.5m profit in October sale; Sentosa apartment records S$6.2m loss

A 5,253 square foot (sq ft) unit at freehold development Rajah Towers was sold for S$4.5 million last month - more than four times the purchase price of S$960,000 - earning the seller a handsome profit.

Far East Hospitality positions itself for the long haul as it expands footprint

AMID an ongoing pandemic, Far East Hospitality is betting on the long-term potential of the tourism industry: It is pushing ahead with expansion plans, having inked three management contracts in its core markets Singapore, Australia and Japan.

Singapore seen as one of most active capital sources in 2021

SINGAPORE is expected to be among the top five sources of active capital in 2021, with investments bound for real estate assets in markets such as Australia, the United Kingdom and China, according to Knight Frank.

Foreigners hold dear to Singapore property

FOREIGN buyers love their properties here, and regulations have nudged these investors to regard such assets as homes.

COMMENTARY

URA's removal of some price information puts data transparency in focus

THE removal of certain pricing data linked to home buying by foreigners from an Urban Redevelopment Authority (URA) platform has highlighted the importance of data transparency.

HOCK LOCK SIEW

Structural changes could pose headwinds for MRO firms in post-Covid landscape

AS THE recovery in travel inches forward, maintenance, repair and overhaul (MRO) firms are finding themselves grappling with structural headwinds that will likely persist in a post-Covid landscape.

BT EXCLUSIVE

URA pulls foreigner home buying price data, leaving gaps in market overview

A RECENT overhaul of the Urban Redevelopment Authority (URA) platform providing data on the Singapore property market has also stripped out certain pricing data on foreign buying, leaving gaps on how such transactions are shaping a robust property market.

Singapore real estate transactions double quarter-on-quarter in Q3: JLL

SIGNS of recovery were seen in the third quarter with real estate transactions in the Asia-Pacific gaining 35 per cent quarter-on-quarter, while volumes about doubled in Singapore.

Asia-Pacific real estate transactions up 35% on quarter in Q3, down 19% on year

REAL estate investment in the Asia-Pacific was down 19 per cent year on year at US$35 billion in the third quarter, but signs of recovery are emerging as transactions picked up 35 per cent quarter on quarter.

Lendlease to manage New Shaw Tower

THE redeveloped Shaw Tower is expected to come onstream by 2024, adding 450,000 square feet of Grade A office to the area.

Shaw Tower redevelopment works to commence later this year

WORKS on the Shaw Tower site on Beach Road is set to start later this year, with the new development slated to come onstream by 2024.

GIC unit to acquire 33 retail logistics assets in Germany

GIC's wholly-owned unit, P3 Logistic Parks (P3), is expanding its presence in Germany, having inked an agreement to acquire 33 retail logistics assets.

GIC unit expands presence in Germany with acquisition of retail logistics assets

GIC's wholly-owned unit P3 Logistic Parks is ramping up its presence in Germany, having inked an agreement to acquire 33 retail logistics assets there.

JLL appointed marketing consultancy for Jurong Lake District

REAL estate consultancy Jones Lang LaSalle (JLL) has won a tender to market Jurong Lake District (JLD) amid plans to promote the district.

VIRUS OUTBREAK: LIFTING HOSPITALITY

Hotels roll with the punches to keep rooms occupied

FOR a city with just 5.6 million people and a severe cap on tourists because of the ongoing global pandemic, it may come as a surprise that some hotels in Singapore are achieving high occupancies on weekends.

VIRUS OUTBREAK: LIFTING HOSPITALITY

More hotels jumping on staycation wagon

HOTELS shifting their focus to staycation packages are hoping that the year-end peak season and the gradual easing of restrictions would allow them to better ride through their biggest crisis in recent history.

SINGAPORE PROPERTY

Office rents fall in Q3 amid cutbacks, work-from-home ops

THE pandemic took its toll on office rents in the third quarter as souring business sentiment and a weaker labour market prompted rentals of office space to decline 4.5 per cent quarter-on-quarter for the Central Region after holding steady in the previous quarter.

SINGAPORE PROPERTY

Decline in retail rents accelerates in Q3

AS ECONOMIC headwinds prevail, rentals of retail space in Singapore's central region fell 4.5 per cent quarter-on-quarter to a new low in Q3, taking the decline to 10 per cent for the first nine months of the year.

Singapore retail rents down 4.5% in Q3, vacancy flat at 9.6%: URA

RENTALS of retail space in Singapore's central region dropped 4.5 per cent quarter on quarter in the third quarter of 2020, after declining 3.5 per cent in the previous quarter.

Singapore office rents fall 4.5% in Q3: URA

RENTALS of office space in the central region of Singapore fell 4.5 per cent quarter on quarter in the third quarter of 2020 after remaining flat in the previous quarter.

SIA returns to New York with non-stop service from Nov 9

SINGAPORE Airlines (SIA) will return to New York from Nov 9 with non-stop flights to New York's John F Kennedy International Airport as it seeks to rebuild its network.

SIA to launch non-stop flights to New York's JFK airport from next month

SINGAPORE Airlines (SIA) will operate non-stop flights between Changi Airport and New York's John F. Kennedy International Airport from Nov 9.

Taking flight: How private jets are picking up where commercial airlines were left grounded

TO SAY 2020 has been a turbulent year for aviation is putting it mildly. But while business and leisure travel dropped off a cliff early in the year, it soon emerged that there was urgent demand from a "need-to-fly" segment – repatriation flights and essential movements. 

VIRUS OUTBREAK: REIGNITING TRAVEL

Singapore-HK air travel bubble could see pent-up demand if it matches holiday season

SINGAPORE'S proposed air travel bubble (ATB) with Hong Kong could spark keen interest from travellers, especially if takes off in time for the year-end holidays, travel agencies say.