CommercialGuru records 500% traffic growth in one year

Fuelled by robust local and international demand for commercial property in Singapore, CommercialGuru.com.sg, Singapore’s only commercial property website has witnessed a remarkable 500 percent increase in traffic over the last 12 months. Launched in August 2010, the website is used by over 140,000 business investors and users viewing almost two million pages monthly, with approximately
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S’pore property auction market remains weak

The volatility of Singapore’s property auction market was again highlighted when only one of 15 properties was sold during a Knight Frank property auction this month. The property sold was a 1,206 sq ft factory unit at Woodlands Industrial Park, for about S$460,000. This was S$160,000 above the opening bid, following intense competition between two
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HDB sees strong demand for balance flats

Unsold Housing & Development Board (HDB) flats have seen strong response, with over 14,000 potential home buyers applying for the flats. Called “balance flats,” the 2,847 flats include outstanding units from earlier Build-to-Order (BTO) launches, those bought back by the HDB and surplus replacement flats under the Selective En Bloc Redevelopment Scheme. The balance flats
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Singapore sees emerging markets as path to growth

Singapore’s economic success has always depended on its business ties with its neighbours and other developed countries. However, Trade and Industry Minister Lim Hng Kiang emphasised — during his welcome speech at the three-day Russia-Singapore Business Forum (RSBF) — the need for the country to focus on the emerging markets, which are large, diverse and
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Singapore Sports Hub to open for action by 2014

The S$1.33 billion Singapore Sports Hub is scheduled to open by April 2014, according to Chan Chun Sing, Acting Minister for Community Development, Youth and Sports. “In this private-public partnership programme, we want to get the downstream things like maintenance all integrated to the planning and development of the project right upfront,” he said. “I’m
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S’poreans bear brunt of rises in cost of living

Inflation in Singapore rose to 5.7 percent from a year ago, according to the Department of Statistics. The consumer price index (CPI) rate grew faster than the 5.15 percent forecast by Reuters, surging ahead of the 5.4 percent recorded in July, making it the highest since 2008. The cost of private road transport climbed 12.5
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Feed the tigers!

Singapore is not boring at all. Now, why would I say that? Look, we have quite a number of world class facilities and places of interests. Just to name a few, that would include Changi Airport (Yes, definitely going to write about that soon), Sentosa, Universal Studios, etc. So, why not re-visit some of Singapore’s
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HDB launches record supply of flats for sale

The Housing & Development Board (HDB) launched more than 8,200 flats for sale yesterday, under the joint Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercises. So far, this is the biggest supply of flats in a single launch and home buyers from all income groups can enjoy a wide range of flat type selections
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Residential sites face softening land bid prices

While prices of private homes have continued to moderate for over a year, residential sites are witnessing a softening in bid prices. In addition, strong sales have been recorded at new launches, such as the Meyerise at Meyer Road, which sold 35 percent of its units, and the Luxurie in Sengkang, that sold 25 percent.
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EC sales pick up with new income ceiling

Sales of executive condos (ECs) have picked up after last week’s announcement that the higher income ceiling of S$12,000 would apply to five other EC projects with unsold units. According to Qingjian Realty, over 50 EC units have been snapped up at RiverParc Residence in Punggol since last week, bringing total sales to 468 units
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