http://www.singaporepropertywatch.com Latest News On Singapore’s Booming Property Market Tue, 15 Dec 2009 14:31:30 +0000 http://backend.userland.com/rss092 en INDIAN billionaire Bhupendra Kumar Modi moved into his $15.46 million penthouse at Marina Bay yesterday and immediately set about unpacking some ambitious plans for his new home country. The founder and chairman of conglomerate Spice Group – it has interests in telecommunications, technology, financial services and entertainment – has set up ... http://www.singaporepropertywatch.com/uncategorized/indian-billionaire-has-big-plans-here-5 SINGAPORE : CapitaLand has sealed a deal to acquire Gillman Heights Condominium for S$548 million. The former HUDC development was first placed on the en-bloc market in July last year but residents did not receive any offers that they could accept until now. When Gillman Heights was put up for ... http://www.singaporepropertywatch.com/uncategorized/capitaland-acquires-gillman-heights-for-s548m-in-collective-sale THE top bidder for the 99-year condo site on Upper Thomson Road on Thursday has been revealed as a unit of Hong Kong tycoon Li Ka-shing’s Cheung Kong Holdings. This was confirmed yesterday by Raymond Chui, general manager of the group’s Singapore-based unit Property Enterprises Development. Cheung Kong unit Treasure Well Investments’ ... http://www.singaporepropertywatch.com/uncategorized/cheung-kong-is-top-bidder-for-upper-thomson-rd-condo-plot Sites for tender will yield 2,925 units but they won’t be ready for at least 1.5 years The Government came out about a week ago to say that there is no shortage of residential supply and thus no need for buyers to rush. That was when it announced its decision ... http://www.singaporepropertywatch.com/uncategorized/impact-of-new-sites-won%e2%80%99t-be-felt-yet Private home prices here are expected to hit a new high in 2010 and perhaps rise even further after that, should the economy continue to grow. But analysts said on Friday that sales volumes in 2010 are likely to fall back to sub-10,000 levels seen in previous years. Observers are projecting that ... http://www.singaporepropertywatch.com/uncategorized/private-home-prices-may-hit-new-high-in-2010 But the jury is out on whether the govt’s release of plots will tame land bids, which have soared wildly at state tenders THE government is offering developers a platter of residential sites through the confirmed and reserve lists for the next half – including several plots in the vicinities of ... http://www.singaporepropertywatch.com/uncategorized/buffet-table-spread-of-sites-for-developers TWO directors in the Keppel group of companies are shelling out millions of dollars for units in the plush Marina Bay Suites that Keppel Land is involved in developing. Keppel Corp director Alvin Yeo, who is also the senior partner at law firm Wong Partnership, is paying $6.54 million or $2,442 ... http://www.singaporepropertywatch.com/uncategorized/2-keppel-directors-buy-marina-bay-units Highest bid of $19.4 million came from Kng Realty A 30-year leasehold industrial site at Pioneer Road North and Soon Lee Drive has attracted strong demand, pointing to sustained confidence in the economy. By the close of tender yesterday, the Urban Redevelopment Authority (URA) had received eight bids for the 18,958.8 square ... http://www.singaporepropertywatch.com/uncategorized/singapore-pioneer-road-north-site-draws-8-bids SUNTEC Real Estate Investment Trust (Suntec Reit) yesterday raised net proceeds of about $149 million from a private placement to reduce debt, joining a host of other Reits that have made cash calls this year. Suntec Reit called for a trading halt in the morning to announce the launch of the ... http://www.singaporepropertywatch.com/uncategorized/suntec-reit-raises-149m-from-placement Occupancy rates picking up as corporate travel improves; hoteliers expect leisure travel to rise with IRs' opening WITH hotel occupancies having clawed their way up to healthier levels this quarter and tourism starting to show signs of recovery, the hotel industry appears to be regaining lost ground. Room rates, which also came ... http://www.singaporepropertywatch.com/uncategorized/singapore-hotel-room-rates-start-edging-upward