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Rents for private condos and Housing Board (HDB) pads continued their decline in the midst of the Covid-19 flare-up, according to streak information discharged by land entry SRX Property on Wednesday. In the private rental market, rents in June plunged 0.6 percent from May. Year on year, private rents in...
THE distribution per unit (DPU) of ESR-Reit fell by 42.2 percent to 1.162 Singapore cents for the half year finished June 30, 2020, from 2.011 cents in the year-back period. The lower DPU was principally because of the effect of the novel coronavirus pandemic and the subsequent "electrical switch" measures...
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DEVELOPERS in Singapore sold 998 new private homes in June, 105 percent more than May's 486, on repressed interest and an increase in remote buying as show galleries revived. Despite the surge, buyers are choosing to remain judicious, with reasonable homes making up more than 90 percent of units sold. The...
CDL Hospitality Trusts (CDLHT) has finished the offer of its whole stake in Novotel Singapore Clarke Quay, while Ascott Residence Trust (ART) has sold its enthusiasm for the land which incorporates Somerset Liang Court Singapore. These structure some portion of the exchange for the Liang Court site's redevelopment - by...
THE redevelopment works on The Float @ Marina Bay are scheduled to start in March 2022 and be finished by end-2025, the Ministry of National Development (MND) and the Ministry of Defense (Mindef) said on Wednesday. The ministries said in a joint statement: "In any case, given the effect of...
London Following five years spent creation it simpler for first-time home buyers to contend with financial specialists, the UK government has changed tack. All buyers, including landlords, will profit by the administration's choice a week ago, which was to raise the edge at which deals tax on homes is paid to...
Beijing THE southern Chinese innovation center of Shenzhen declared new restrictions on home purchases on Wednesday, in a new endeavor to capture sharp value rises and control speculation in a market fuelled by an inundation of ability and short flexibly. The regional government said in an explanation that only individuals who...
HONG Kong-listed property combination Far East Consortium International (FECIL) won't continue with the proposed acquisition of a controlling stake in Eagle Hospitality Trust's (EHT) chief, EHT's administrator said in an administrative filing late on Thursday. On June 3, EHT had reported that FECIL had inked a non-binding contingent proposal with...
Washington US home construction surged 17.3 per cent in June, said the Commerce Department, as the sector continued to gain ground following the disruption caused by the coronavirus pandemic. The rebound in housing starts compared to May saw the north-east - home to the worst initial outbreak of Covid-19 - spike...