Category Archives: Property Market / Real Estate

Private home sales slow

Property buyers at the preview of the Hundred Trees condominium project located at West Coast Drive. — ST PHOTO: SHAHRIYA YAHAYA

DEVELOPERS sold 1,143 units of new, private homes in September, down from 1,804 units in August, after the Government introduced measures to prevent excessive price swings in the property market.

They launched 1,413 units in September, down from 1,613 units in August, according to data released by the Urban Redevelopment Authority on Thursday. Continue reading

Marina Bay Sands IR targets high-end customers

The upcoming Marina Bay Sands integrated resort (IR) in Singapore is targeting customers with high spending power.

It is promising a waterfront shopping experience, with brands in the upper-middle to high end.

“With integrated resorts, you normally get all sorts of different market segments – the MICE, leisure, gaming customers, and they vary from segment to segment. But we aim at attracting high-spending customers. And that’s why the product is pitched the way it is – more at the upper end,” said David Sylvester, VP of Retail Asia, Sands Retail Asia.

Some new names that Marina Bay Sands will bring in to Singapore include Italian apparel brand Henry Cotton’s, and Paul and Shark.

And to match the shopping experience, the integrated resort will also have restaurants featuring famous celebrity chefs.

Marina Bay Sands said it has been able to attract the top names, despite the current global recession. Continue reading