SGHOUSING.COM 新加坡房地产网

Property Status  -  RENTED 

HarbourView Towers Big 3+1 Room (Near Vivio City, Harbourfront).

-          3 + 1 bedrooms with 2 attached toilet
-          1615 sqft
-          Large living & dining areas
-          High Floor, Breezy
-          Fantastic View (Keppel Golf Link, Sentosa, Sea and Pool View)
-          unfurnish
-          Available 16 April 2007
-          V.T.O.

Call 8118 3456 or e-mail vince@sghousing.com to arrange for viewing.

Property Status  -  SOLD 

Property Details

-          Blk 65 Teban Gardens Road
-          HDB 4 Room Type 4A1 Corner
-          90 sqm / 969 sqft
-          3 bedrooms
-          High Floor, Face North
-          Just 5 years
-          Renovated with Granite Flooring
-          Beautiful View, No Noon Sun
-          Breezy and Near Amenities
-          Near Pandan Reservoir and West Coast Park
-          Valuation S$223,000 Asking S$243,000

Call 8118 3456 or e-mail vince@sghousing.com to arrange for viewing.

Property Status  -  RENTED 

Spanish Design 2 Storey Detached Bungalow at District 10 - Garlick Avenue (Near Sixth Avenue).
-          Land 13000 sqft Build 6000 sqft
-          Large s/pool / Jacuzzi spa /waterfall/fountain
-          6 bedrooms / 7 toilets, 5 attached
-          Large living, dining & family areas
-          Fully equipped kitchen
-          Beautiful patio overlooking s/pool
-          Tastefully furnished
-          Available January 2007
-          Asking $20,000 per month

Call 8118 3456 or e-mail vince@sghousing.com to arrange for viewing.

Al-Nibras Islamic Real Estate Fund pays $286m for 56 homes

KEPPEL Land has sold two apartment blocks in its upmarket Reflections at Keppel Bay to an overseas fund for about $286 million, the developer said yesterday.

BT understands that the 56 waterfront homes in the two blocks were sold for $2,000-$2,500 per square foot (psf).

The two blocks were sold to the Al-Nibras Islamic Real Estate Fund, which was set up by Kuwait Finance House, an Islamic banking unit in Kuwait, and Amanah Raya Berhad, a Malaysian government-owned entity.

The 56 apartments range from two-bedroom units of an average size of 1,076 sq ft each to 5,000 sq ft penthouse units.

Reflections at Keppel Bay, designed by architect Daniel Libeskind, has 1,129 units, of which 558 have been sold.

The US$200 million Al-Nibras Fund has started to make inroads into Singapore and the rest of the Asean region, the fund and KepLand said in a joint statement.

K Salman Younis, managing director of Kuwait Finance House (Malaysia) Berhad, a unit of Kuwait Finance House, said that the fund sees Reflections at Keppel Bay as an ‘ideal investment’.

‘A premium waterfront development like Reflections at Keppel Bay will definitely attract investors from the Gulf Cooperation Council countries,’ he said.

Developers launching upmarket residential projects in Singapore have of late reported receiving offers from both local and overseas funds to buy entire blocks in their developments.

While some companies have taken up the funds on their offers, others have preferred to sell the apartments to individual buyers instead.

Singapore’s private home prices have climbed some 13.5 per cent since the start of the year, boosted by developers selling luxury apartments at record prices.

KepLand’s shares lost five cents to end at $8.35 yesterday - after hitting a high of $8.55 earlier in the day. The stock has climbed 21.0 per cent since the start of the year.

Source : Business Times - 1 Aug 2007

JTC’s net allocation jumps to 58,200 sq m in Q2 from 6,700 sq m in Q1

Net allocation of JTC’s ready-built facilities (RBF) increased 770 per cent in the second quarter of this year to 58,200 sq m, from 6,700 sq m in Q1. And the overall occupancy rate for RBF increased one per cent to 89 per cent.

The RBF segment includes business park, technopreneur, flatted factory, standard factory and stack-up factory space.

JTC said the segment’s strong performance was supported mainly by increases in net allocation of flatted factory and standard factory space, which contributed 48 per cent and 38 per cent of the total net take-up respectively.

In terms of industries, precision engineering accounted for 19 per cent of demand for flatted factory space, while general manufacturing accounted for 17per cent.

Services, which include wholesale and retail and information/communications, accounted for 50 per cent of the gross allocation of flatted factory space.

Savills Singapore’s director of industrial business space Dominic Peters reckoned the spike in allocation could also have been due to the migration of businesses from Alexandra Distripark.

Earlier this year, Mapletree said it would demolish three existing industrial blocks at Alexandra Distripark with a gross floor area of around 1.6 million sq ft and build four new blocks with an estimated 1.96 million sq ft of business park space.

Interestingly, JTC’s data reveals that demand and supply for business park space - which is said to benefiting from the spillover from the CBD - remained stable over the quarter, with net allocation at 700sq m.

But Mr Peters pointed out that rents for business park space have increased about 20 per cent on average.

JTC said net allocation of prepared industrial land (PIL) dropped to 64.4 ha in Q2, from 95.7 ha in Q1.

It said the high Q1 figure was due largely to a sizable allocation to a petrochemical company on Jurong Island, which alone accounted for 50 per cent of total gross allocation of PIL.

Key segments that saw significant growth in Q2 included Tuas Biomedical Park and Wafer Fab Park, with net take-up rates of 19.9 ha and 16 ha respectively.

Source : Business Times - 1 Aug 2007