Faber Drive bungalow goes on sale

Posted on 28 Jun 2012 | Comments Off on Faber Drive bungalow goes on sale

A bungalow at 44 Faber Drive has been put up for sale by Expression of Interest (EOI), according to a statement by Knight Frank.

With features that include a garden and swimming pool, the site has an area of 11,719 sq ft and is adjacent to The Clementi Mall, Clementi MRT station/Bus Interchange, and NUS.

The property has a guide price of S$12.5 million and can be subdivided into two plots to make way for smaller detached homes.

“With the financial crisis in Europe and concern for slower economic growth, even the wealthy who are interested in residential properties in Singapore are careful where to park their money,” noted Knight Frank.

The latest cooling measures imposed on residential properties have made buyers more cautious when it comes to the right location and type of housing for investment or owner-occupation.

Knight Frank added that landed homes such as semi-detached, terrace and small bungalows have shown resilience due to their reasonable prices.

The EOI for the Faber Drive bungalow will close on 20 July.

Source : PropertyGuru – 2012 Jun 28

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Posted in Luxury Property, Property Market / Real Estate

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HDB issues S$585m fixed rate notes due 2024

Posted on 28 Jun 2012 | Comments Off on HDB issues S$585m fixed rate notes due 2024

The Housing and Development Board (HDB) has issued 12-year Fixed Rate Notes valued at S$585 million under its S$22 billion Multicurrency Medium Term Note (MTN) Programme.

HDB said the Notes will mature on 27 June 2024 and have a coupon of 2.5 percent per annum payable semi-annually in arrears. Issued in denominations of S$250,000, the Notes were offered by way of placement to investors under Sections 274 and/or 275 of the Securities and Futures Act, Chapter 289 of Singapore.

The Singapore Exchange Securities Trading Limited (SGX-ST) has given its approval in principle for the listing of the Notes.

“Admission of the Notes to the Official List of the SGX-ST is not to be taken as an indication of the merits of HDB, its subsidiaries or the Notes. The Notes are cleared through The Central Depository (Pte) Limited,” said HDB.

The joint lead managers for the Notes are DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Deutsche Bank AG, United Overseas Bank Limited and Standard Chartered Bank.

Source : PropertyGuru – 2012 Jun 28

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