Singapore Real Estate

Competition for land still strong despite tepid market

Developers may be bidding more cautiously now, factoring the difficulty of selling their units into their bidding prices, but the competition for land remains healthy, BNP Paribas said in a recent report. It may come as a surprise but tender exercises are seeing more bids per site as local players rush to replenish their land bank, foreign players look to invest in Singapore and construction players are bent on diversifying from the difficult construction market.

Crane at Bedok worksite keels over

Companies' Brief

Oxley CEO lifts stake in IHC, stirring talk over what's next

The head honcho of boutique real estate developer Oxley Holdings has raised his stake again in International Healthway Corp (IHC), spurring speculation over what his next move will be. IHC was among the 20 most active counters on the local bourse on Tuesday after the news of Oxley chief executive officer (CEO) Ching Chiat Kwong's latest share purchase, gaining 1.2 per cent or 0.1 Singapore cent to close at S$0.086 on 26.4 million shares traded.

Views, Reviews & Forum

Vision SG100: Floating cities in the sea

From my apartment, 20 storeys above the sea, I see Changi Airport straight ahead 8km to the north. Where the old container port used to be, Keppel Maritime City is silhouetted against a backdrop of a scarlet sunset 16km to the west. I am enjoying my favourite drink, my feet tapping to the music of Ravel's Bolero.

Global Economy & Global Real Estate

Cerberus leads buyers of distressed property debt in Europe

Shenzhen is China's hottest property market

China property firm Country Garden plans Islamic bond in Malaysia

Dubai set for first residential Reit amid softening prices

In North America's Costliest City, Rich Chinese Take the Blame

Blackstone Bullish on New York, Miami Rental Homes, Gray Says