HOCK LOCK SIEW

A creative way of selling homes that is testing tax boundaries?

THE enhanced deferred payment scheme at The Peak @ Cairnhill I and II (Peak I and Peak II) offers an intriguing way for the developers to move their inventory, but it is worth asking if it goes against the spirit of stamp duties on residential transactions.

Mapletree closes US$1.3 billion private trust for student dorms

MAPLETREE Investments has closed a private trust to hold US$1.3 billion in student-accommodation assets in the UK and the US - a move that makes this not only the first such product in Singapore, but also the first of a series of private trusts for the group.

Cost-efficiency key demand driver for self-storage spaces in Singapore: Knight Frank

COST factor is the key driver for business owners turning to self-storage facilities, also known as do-it-yourself (DIY) storage spaces, in Singapore.

Developers' sales in Feb signal pick-up in momentum, say analysts

DEVELOPERS' sales momentum had picked up this year, even before the recent easing of the property cooling measures; sales figures for February bear this out and March figures are projected to be even more sterling...

Singapore developers sold 977 private homes in Feb, 2.6 times more than in Jan

DEVELOPERS sold a total of 977 private residential units in February - 2.6 times more than in January when there was an absence of new project launches.

PropNex Realty launches regional franchise

SINGAPORE'S largest homegrown agency PropNex Realty is finally spreading its wings regionally after 17 years of operation through a franchise model...

Canadian pension fund to invest in regional warehouses through JVs

CANADA Pension Plan Investment Board (CPPIB) has tied up with Canada-based real-estate investor Ivanhoé Cambridge and regional logistics space operator LOGOS to jointly develop and acquire logistics properties in Singapore and Indonesia.

Savills IM setting up more funds to tap demand

DESPITE lower returns becoming a new norm across asset classes, Savills Investment Management is sanguine about demand for real estate investments and is raising several funds this year to tap that demand.

Targeted approach likely to have muted market impact

WITH the government seen taking a targeted approach to adjusting the seller's stamp duty (SSD) and the total debt servicing ratio (TDSR) framework, market players believe the impact on the property prices and transactions will be muted...

Property consultants differ on impact of future new districts

PROPERTY consultants are mixed in their views on whether the planned development of Punggol North and Kampong Bugis will have a significant impact on property prices and rents.

TTJ's Q2 net profit slides 43 per cent

STRUCTURAL steel provider TTJ Holdings Ltd posted a 43 per cent drop in net profit for the second quarter ended Jan 31 to S$3.1 million, as revenue and margins took a hit.

TTJ Holdings posts 43% drop in Q2 profit

STRUCTURAL steel provider TTJ Holdings on Wednesday posted a 43 per cent drop in net profit for the second quarter ended Jan 31, 2017, to S$3.1 million, as revenue and margins took a hit.

More land-use flexibility at district level starting with Punggol North

THE government is introducing greater flexibility in land use at the district level starting with Punggol North, which is designated as Singapore's first "Enterprise District" where new planning concepts will be tested out...
BUDGET 2017

Transfer of home-owning entities: Government plans to apply residential stamp duties

THE government is planning to make legislative changes to subject "significant owners of residential-property-holding entities" to stamp duties when they transfer equity interest in such entities, in the same way they would be subjected to stamp duties if they were to buy or sell the...
BUDGET 2017

Shorter waiting time for BTO flats, easier resale transaction process

MORE help to first-timer homebuyers is underway, including shorter waiting time for build-to-order (BTO) flats in non-mature estates and quicker access to balance flats, Minister for National Development Lawrence Wong said.

Singapore slides five places in global ranking for construction costs: Arcadis index

SINGAPORE has moved down five positions on the global ranking for construction costs, making it the 15th most expensive city in the world to build in, based on the International Construction Costs Index published by global design and consultancy firm Arcadis.

KepReit Mgt ex-CEO Ng Hsueh Ling quits Keppel group

FORMER Keppel Reit Management CEO Ng Hsueh Ling has left Keppel Corporation at the end of January, just before she was about to assume a newly carved out role at the Keppel group as director of new businesses.

Singapore property still a top draw for Asia's ultra-rich

SINGAPORE's property market remains high on the agenda of Asia's ultra-rich, notwithstanding the cooling measures still in place...

Asia to continue minting ultra-rich at fastest pace over next 10 years: Knight Frank

THE pace at which individuals become ultra-rich in Asia is expected to surpass that of all other regions in the next 10 years, putting Asia within nipping distance of the US as a key hub for the super wealthy.

ERA owners exploring IPO for S'pore's biggest property agency

NORTHSTAR Group said it is in the early stage of exploring an initial public offering of Singapore's biggest real estate agency ERA Realty Network, which has turned out to be one of its top-performing investments thus far...
HOCK LOCK SIEW

Will Perennial's big bet on healthcare pay off?

WITH the slowdown in office and retail property markets, one non-traditional asset class that is gaining popularity among developers as they diversify their income-producing portfolios is healthcare real estate.

DBS and UOB in home loan war with zero per cent spread

A FIERCE home loans war has broken out between DBS Bank and United Overseas Bank, to the delight of home buyers.

Former Goldman partner is Mapletree's new regional CEO

GOLDMAN Sach's former head of South-east Asian investment banking Michael Smith is joining Mapletree Investments from March 1 as regional CEO for Europe and USA. He is said to have left Goldman Sachs last December after 10 years with the bank...

UOL still looking out for offices, hotels to buy

UOL Group is still scouring for income-producing assets in gateway cities as the commercial and hospitality markets in Singapore remain under pressure this year.

EnGro says fraud by employee uncovered at Chinese unit

ENGRO Corporation Limited said on Thursday that it has uncovered fraud committed by an employee of its China subsidiary, Shanghai S3 Building Materials Co Ltd (Shanghai S3).