UIC's full-year net profit up 5% at S$301.5m

UNITED Industrial Corporation's full-year net profit rose 5 per cent to S$301.5 million from the previous year, the group said in a Singapore Exchange filing on Friday evening...

EL Development plans a hotel with over 300 rooms on Hill St

EL Development is planning to develop a mid- to high-end business hotel with more than 300 rooms on the Hill Street site that it is buying for S$118 million from Singtel.

UIC full-year net profit up 5% to S$301.5m

UNITED Industrial Corporation's full-year net profit rose 5 per cent to S$301.5 million from the previous year, the group said in a Singapore Exchange filing on Friday evening...

EL Development buys Singtel's Hill Street property

SINGTEL is selling its Hill Street property - for which planning approval has been granted for redevelopment into a hotel - to homegrown-property group EL Development.

Singapore Budget 2018: Impact of buyer's stamp duty hike to be felt most for big-ticket purchases

THE impact of the 1-percentage point hike in the top marginal buyer's stamp duty (BSD) rate on the portion of a residential property's value exceeding S$1million will be felt most for big-ticket purchases. ...

Developers post best January private home sales in four years

DEVELOPERS have posted their best January private home sales figures in four years but how sales pan out for the full year will have a lot to do with developers' launch and pricing strategies, say industry players...

New private home sales jump 37% year-on-year in January: URA data

SINGAPORE developers sold 522 private homes in January, up 37 per cent from the 382 units sold a year ago and 21 per cent more than the 431 units moved in December.

URA trying to harmonise rules for property developers: analysts

THE Urban Redevelopment Authority (URA) is seeking public feedback on the changes it proposes to make to the rules for non-residential developers, so as to better protect the interests of those who buy uncompleted commercial and industrial properties.

WeWork set to grow Singapore footprint to over 300,000 sq ft

US-based co-working space provider WeWork, which launched its operations in Singapore only last December, is set to expand its presence.

SMRT to move HQ to Paya Lebar Quarter

SMRT Corporation will move its headquarters from North Bridge Road to Paya Lebar Quarter (PLQ) next year, under a strategy to centralise corporate departments now located across the island, The Business Times understands.

Batched tenders work, up to a point

THIS week's simultaneous closing of state land tenders - or batched tender exercise - for three private housing sites has once again put the spotlight on whether they are effective in taming bids...

Multiple tender closings, but bids still bullish

THE Urban Redevelopment Authority's batched tender exercise, or simultaneous tender closings, for three 99-year private housing sites does not seem to have tempered bullish bids by developers, say some property consultants. ...

CDL places top bids for Handy Road, West Coast Vale plots at URA tender

CITY Developments Ltd (CDL) has emerged as the top bidder for two out of the three 99-year leasehold private housing sites at a state tender that closed on Tuesday.

Bungalow at Leedon/Belmont road junction fetches S$57.5m

AN old bungalow on a sprawling site at the junction of Leedon and Belmont roads has been transacted at S$57.5 million.

Retail rents 'nearing bottom of downcycle'

PROPERTY consultants generally continued to be sanguine that rentals for retail space on the island will start stabilising this year.

Office demand strong in Downtown Core; rosier hopes for 2018

THE Downtown Core area, which includes the financial district, was the star in terms of net office demand in the fourth quarter as well as the whole of last year.

Retail rents slip 0.5% q-o-q in Q4 2017, taking full-year decline to 4.7%: URA

RENTS of retail space fell 0.5 per cent in the fourth quarter of last year over the preceding quarter.

Office rentals rose 2.6% q-o-q in Q4 2017, taking full-year gain to 0.4%: URA

THE URBAN Redevelopment Authority (URA) released data on Friday morning showing that the office market continued to improve in the fourth quarter of last year.

Property market sentiment hits a high in Q4

OVERALL property market sentiment hit a high in the fourth quarter of last year, amid rising confidence in the market recovery in the coming six months.

French energy giant Total leases over 100,000 sq ft at Frasers Tower

RIDING the current uptick in the office market, Frasers Centrepoint has received pre-commitments for more than 70 per cent of Frasers Tower in Cecil Street.

Is divestment of office assets on the cards for Alpha-CDL tie-up in '18?

THE earlier-than-anticipated recovery in Singapore office rents last year helped to fuel investment interest in office properties on the island. The string of office investment deals in 2017 included Asia Square Tower 2 in Marina View, PwC Building in Cross Street and Chevron House in Raffles Place.

SRX resale condo price index up for 5th consecutive month

RESALE prices for condominium units and private apartments posted their fifth consecutive month-on-month gain in December, based on the latest flash estimates from property portal SRX Property.

Value of deals in GCB areas rises to five-year high

THE number and value of transactions in Good Class Bungalow (GCB) areas in 2017 rose to their highest levels in five years, based on a preliminary analysis of caveats data as of Jan 5.