Property News

Will working from home sound the death knell for offices?

Studies suggest that people who work mainly from home often feel isolated and risk becoming demotivated about work. PHOTO: AFP Updated from : The Business Times, 8 July 2020 ONE key aspect of the coronavirus pandemic has been the sudden evacuation of offices and mass adoption of home working. As a result, some real estate investors believe … Continue reading Will working from home sound the death knell for offices?

Singapore GE2020: Median incomes, productivity up by a third in 10 years

In the past 10 years, median incomes in Singapore have risen by 32 per cent in real terms after accounting for inflation, said Mr Tharman. ST PHOTO: JASON QUAH Updated from : The Straits Times, 8 July 2020 An "urban myth" that usually circulates during election season is that productivity in Singapore has stagnated, said Senior Minister … Continue reading Singapore GE2020: Median incomes, productivity up by a third in 10 years

Retail sales down 52.1% in May in record slump

A near-empty Parkway Parade mall with most of its shops closed in May amid Singapore's circuit breaker. Retail sales that month suffered their biggest year-on-year fall since record-keeping began in 1986. Like in April, only two categories of retail sales saw year-on-year growth in May - sales at supermarkets and hypermarkets, and at minimarts and … Continue reading Retail sales down 52.1% in May in record slump

Coronavirus: Hotels can open for staycations again

The Shangri-La Hotel's reception counters, fitted with plastic shields.ST PHOTO: KELVIN CHNG Updated from : The Straits Times, 4 July 2020 When circuit breaker measures kicked in on April 7, civil servant Nur Atiqa, 29, and her husband had their bookings in two local hotels on Sentosa cancelled. "In fact, we had booked those hotels as … Continue reading Coronavirus: Hotels can open for staycations again

Demand down, costs up, but builders will rein in bids

Tender prices for new projects are estimated to rise by as little as 6 per cent as contractors compete to secure new projects, say consultants. BT PHOTO: YEN MENG JIIN Updated from : The Business Times, 3 July 2020 SINGAPORE contractors are facing a double whammy – plunging demand due to the Covid-19 pandemic while needing … Continue reading Demand down, costs up, but builders will rein in bids

HDB resale prices rise 0.2%: Flash data

The resale price index was 131.8, up 0.2 per cent from the previous quarter.ST PHOTO: GIN TAY Updated from : The Straits Times, 2 July 2020 Housing Board resale prices increased marginally in the second quarter of this year amid the Covid-19 outbreak, compared with the first quarter of the year. The resale price index was … Continue reading HDB resale prices rise 0.2%: Flash data

1.1% drop in URA’s Q2 private home price index ‘mild’, say analysts

Savills Singapore executive director Alan Cheong said developers' ability to jiggle prices on the downside is limited because their margins are razor thin. PHOTO: SAVILLS SINGAPORE Updated from : The Business Times, 2 July 2020 THE Urban Redevelopment Authority's benchmark overall private home price index fell for the second consecutive quarter. It eased 1.1 per cent … Continue reading 1.1% drop in URA’s Q2 private home price index ‘mild’, say analysts

Dual-envelope tender launched for Jalan Anak Bukit site

Updated from : The Straits Times, 1 July 2020 A site at Jalan Anak Bukit earmarked for residential and commercial use with a bus interchange to help rejuvenate the Beauty World area has hit the market. The 3.2ha plot in Upper Bukit Timah could yield 845 homes - flats or serviced apartments or a combination … Continue reading Dual-envelope tender launched for Jalan Anak Bukit site

Accordia Golf Trust’s sponsor offers to buy golf courses for S$804.1m

A golf course in Tokyo. "Given the dearth of buyers of Japanese golf courses out there, and the general weakness of Reits and trust assets in Japan, I don't expect others to show up, so I expect no bump and no competitive bid," says Travis Lundy, an analyst who publishes on Smartkarma.  PHOTO: ACCORDIA GOLF … Continue reading Accordia Golf Trust’s sponsor offers to buy golf courses for S$804.1m

Mount Emily property launched for collective sale by tender

The guide price for 2, 4 and 6 Mount Emily Road, which comprises adjoining units of three-storey buildings with basement and attic, is S$24 million.  PHOTO: EDMUND TIE Updated from : The Business Times, 30 Jun 2020 A FREEHOLD residential property in Mount Emily Road has been launched for sale by tender at a guide price … Continue reading Mount Emily property launched for collective sale by tender