Daily Archives: 23 Oct 2009

URA and HDB should study this trend

Posted on 23 Oct 2009 | Comments Off on URA and HDB should study this trend

‘Mickey mouse’ flats

‘URA and HDB should study this trend and its implications for the floor areas of future HDB and private flats.’

MR LOO FOOK KAY: ‘The growing trend of shoebox apartments is the result of growth of income lagging behind the growth of assets like real estate (‘Buyers pounce on ‘mickey mouse’ flats‘, Sunday). URA and HDB should study this trend and its implications for the floor areas of future HDB and private flats. In my opinion, shoebox apartments are a sign of prosperity plus inflation in real estate prices. Other shoebox cities like Hong Kong and Tokyo are all prosperous.’

Source : Straits Times – 23 Oct 2009

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22 Sim Lim Square units bought from single seller for $35 million

Posted on 23 Oct 2009 | Comments Off on 22 Sim Lim Square units bought from single seller for $35 million

Deal a sign of recovery in investment sales
The net rental yield of the shop units purchased by Second Chance Properties works out to 6.46 per cent, an attractive figure compared with that of other property segments — . ST FILE PHOTO

A LISTED property company has snapped up 22 shop units in computer products mall Sim Lim Square for $35 million.

Second Chance Properties (SCP) said yesterday that it had bought the units, all on the fifth floor, from a single seller. They comprise a total of 9,604 sq ft of retail space.

Industry observers say the deal reflects the pace of investment sales, which has picked up recently on the back of a recovering economy and a booming property market. Continue reading →

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Posted in Office / Retail / Industrial

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