MC Gan

19/07/2019

BEAUTY World Plaza's second en bloc attempt at an unchanged reserve price of S$165 million failed to draw any takers.

BEAUTY World Plaza's second en bloc attempt at an unchanged reserve price of S$165 million failed to draw any takers. Read more at The Business Times.

16/07/2019

Singapore is not expecting a full-year recession at this point, although economic growth slowed to its lowest in a decade in the second quarter, Deputy Prime Minister Heng Swee Keat said on Friday (July 12). There remain areas of strength in the economy, he added in a Facebook post, noting that these include the information and communications sector, as well as the construction sector.

13/07/2019

Foreigners are once again pouring money into Singapore's high-end property market despite hefty levies introduced last year. And, it is the Chinese who are leading the return, property brokers say, even though British billionaire James Dyson grabbed headlines this week with the purchase of Singapore's most expensive apartment.

SINGAPORE — Foreigners are once again pouring money into Singapore's high-end property market despite hefty levies introduced last year.

09/07/2019

So exclusive is the Wallich super penthouse that GuocoLand restricted viewing of the super penthouse to only ultra high net worth investors whom it deemed as serious buyers.

SINGAPORE-Billionaire inventor Sir James Dyson has quietly acquired Singapore's biggest and possibly most expensive super penthouse at the ultra luxe Wallich Residence, according to documents obtained by The Straits Times.. Read more at straitstimes.com.

07/07/2019

Occupying a 3.9ha site, Paya Lebar Quarter comprises a 200-shop retail complex, three Grade-A office towers spanning close to one million sq ft, and three residential towers with 429 units. The urban regeneration project, completed in the first half of 2019, cost Australian property group Lendlease and Abu Dhabi Investment Authority a whopping $3.2 billion.

Massive urban regeneration projects like [Paya Lebar Quarters] have the potential to help boost smart city initiatives, notes JLL in its “Smart Cities Success” report released on June 27

05/07/2019

Occupying a site of 124,500 sq ft, the new Funan comprises 507,000 sq ft of retail space, 260,000 sq ft of office space, as well as a co-living component. Ahead of its opening, Funan’s office space was already almost fully leased at 98%.

By 9am on June 28, a snaking queue had formed around the main entrance of Funan mall

05/07/2019

Two subsidiaries of UOL Group, namely UOL Venture Investments and UIC Homes, submitted the top bid of $491.3 million for the 178,064 sq ft plot at Clementi Avenue 1. It translates to about $788 psf per plot ratio (ppr) on the maximum allowable gross floor area (GFA) of 623,229.8 sq ft. This means the potential average selling price of the new development could be about $1,400 psf, says Tricia Song, head of research for Singapore at Colliers International.

If successful, UOL plans to develop a new 40-storey development comprising 640 units, and the potential average selling price could be about $1,400 psf

01/07/2019

Passive income generates income in the background of your life. It’s like having income on autopilot: you set up a system that generates income that doesn’t require consistent effort on your part, and isn’t part of your day job.

Passive income is like having income on autopilot: you set up a system that generates income that doesn’t require consistent effort on your part, and isn’t part of your day job. Think of it as earning income while you sleep, travel, and spend your time doing anything else.

01/07/2019

THERE is no good news for local real estate developers and prospective property buyers at the Monetary Authority of Singapore (MAS) annual report media briefing on Thursday. But Mr Menon assured that the government will continue to monitor the property market closely, and stands ready to help ensure a healthy and sustainable market.

THERE is no good news for local real estate developers and prospective property buyers at the Monetary Authority of Singapore (MAS) annual report media briefing on Thursday. Read more at The Business Times.

01/07/2019

https://pos.li/2claw5 increases in apartments and condos in Singapore's city centre and city fringe helped lift the private property price index by 1.3 per cent in the second quarter of 2019 according to a Monday flash estimate.

PRICE increases in apartments and condos in Singapore's city centre and city fringe helped lift the private property price index by 1.3 per cent in the second quarter of 2019 according to a Monday flash estimate. Read more at The Business Times.