Posted on May 16, 2008 by lushhomeonline
Sales in the private residential market have dipped in April after a mild recovery in March.
According to the numbers of private home sales released by the Urban Redevelopment Authority (URA), only 274 units were sold last month – down from 301 units in March.
Developers were also holding back, with only 271 units launched in April [...]
Filed under: General, Market Reports, New Launches | Tagged: New Launches, Private Property Sales, Property Prices, Singapore Property, Singapore Property Market | No Comments »
Posted on May 16, 2008 by lushhomeonline
Number of new homes sold and launched fall sharply
PRIVATE home sales weakened further last month, with the number of new homes launched and sold dropping sharply from March.
Developers launched just 271 units in April, most of them in mass market projects. This was less than half of what they launched in March, and the lowest [...]
Filed under: General, Market Reports, New Launches | Tagged: Breeze by the East, Lakeshore, New Launches, Private Property Sales, Property Prices, Singapore Property, Singapore Property Market, Stadia, The Quartz | No Comments »
Posted on May 16, 2008 by lushhomeonline
Singapore hotel rates will continue to rise this year despite the slowing global economy due to a shortage of rooms, the head of the city state’s largest hotel operator said on Thursday.
‘Because of the sub-prime crisis, the higher-end … hotels have less ability to increase their rates. But we are still having a shortage,’ said [...]
Filed under: General, Hotel, Market Reports | Tagged: CDL, City Developments, Kwek Leng Beng, Singapore Hotel Outlook, Singapore Hotel Rates, Singapore Hotels | No Comments »
Posted on May 16, 2008 by lushhomeonline
The US sub-prime crisis has begun to hurt Asian property markets, the real estate investment arm of the Government of Singapore Investment Corporation (GIC) said at the FT Asia Property Summit on Thursday.
While Wall Street starts picking up the pieces from the sub-prime crisis, GIC said, the Asian property market has just started to feel [...]
Filed under: General, Market Reports | Tagged: Asia Property, FT Asia Property Summit, GIC, Government of Singapore Investment Corp, Singapore Property, US Subprime Imapact on Asia Property | No Comments »
Posted on May 16, 2008 by lushhomeonline
The real estate arm of sovereign wealth fund the Government of Singapore Investment Corp (GIC) said on Thursday that the US sub-prime crisis is beginning to hurt Asian property markets such as Japan and Australia.
‘The contagion effects of the sub-prime crisis can potentially accelerate the downward spin of the current property cycle,’ Seek Ngee Huat, [...]
Filed under: General, Market Reports | Tagged: Asia Property, GIC, Government of Singapore Investment Corp, Singapore Property, US Subprime Imapact on Asia Property | No Comments »
Posted on May 16, 2008 by lushhomeonline
Several buildings have won silver and bronze in the Building and Construction Authority’s (BCA’s) annual Universal Design (UD) Awards 2008.
The office housing Xilinx’s Asia Pacific headquarters which boasts natural sunlight, wide passageways and employee-friendly facilities clinched the silver award.
Changi Airport Terminal 3 clinched the silver award
However, the competition which has been held for the second [...]
Filed under: General | Tagged: BCA, Building and Construction Authority, Universal Design (UD) Awards 2008 | No Comments »
Posted on May 16, 2008 by lushhomeonline
The building boom in Singapore and the Middle East is proving to be a boon for engineering and construction company Yong Nam Holdings.
Its net profit for the first quarter rose 267 percent to about S$6 million. Revenues increased 56 percent to S$47.4 million.
Yong Nam saw increased activities from projects such as Orchard Turn, Marina Bay [...]
Filed under: Construction, General | Tagged: Construction, Yong Nam Holdings | No Comments »
Posted on May 16, 2008 by lushhomeonline
Following the S$13 million makeover of Anchorpoint Shopping Centre, Frasers Centrepoint Trust has plans to turn its attention to other suburban malls under its stable.
Anchorpoint’s new look appears to be getting the thumbs up from retailers.
Lee Hsien Yang, chairman of Fraser & Neave, said: “Anchorpoint used to be occupied by furniture shops, but I think [...]
Filed under: General, Office / Retail Space, REITS | Tagged: Frasers Centrepoint Trust, REITS, Retail Malls, Singapore REITS, Singapore Retail | No Comments »
Posted on May 16, 2008 by lushhomeonline
Mainboard listed Banyan Tree Holdings on Thursday announced it has booked a 38 per cent increase in first quarter earnings.
Its net income for the three months ended March 31 came in at S$15.4 million, largely driven by growth in its hotel investment and hotel residence/property sales segments.
Its revenue rose by 34 per cent to S$140.3 [...]
Filed under: Developer News, General | Tagged: Banyan Tree, Resorts Developers | No Comments »
Posted on May 16, 2008 by lushhomeonline
Resorts developer, Banyan Tree Holdings Limited, today announced a 38 per cent increase in net profit to $15.4 million, largely driven by hotel investment and hotel residences/property sales segments.
Revenue grew 34 per cent to $140.3 million.
‘Hotel Investment segment continue to perform well in line with our expectation and we are optimistic that the positive trend [...]
Filed under: Developer News, General | Tagged: Banyan Tree, Resorts Developer | No Comments »
