SINGAPORE - Ms Ellen Neo, 29, and her fiance, operation executive Felix Lua, 36, were supposed to receive the keys to their three-room Build-To-Order (BTO) flat last December, and move in early this year. The couple, who have been together for six years, got a unit in Pine Vista in Geylang on their third try in 2017. They first balloted.
The Straits Times
BTO project delays dash hopes of moving in, starting families
Ms Ellen Neo and her fiance Felix Lua in front of their Pine Vista BTO flat which is still under construction.ST PHOTO: TIMOTHY DAVID
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April 06, 2021
The skyline of Singapore s Central Business District.
The Straits Times file
Singapore’s office rents have a long way to go before matching Hong Kong’s, even after half a dozen of mainland China’s largest technology behemoths piled into the city state in recent months to set up their regional hubs, analysts said.
The average monthly rent for Singapore’s grade A office space may drop by 6 per cent this year to $9.01 (US$6.72) per square foot, following the 10 per cent plunge in 2020, as the coronavirus pandemic crimped businesses and forced many to postpone their expansion plans, according to data by Cushman & Wakefield.
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The Big Read: Amid societal changes, how will the link between family formation and housing policies evolve?
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The Big Read: Amid societal changes, how will the link between family formation and housing policies evolve? For single Singaporeans, the road to securing a roof over their heads has been more challenging than some others, when for the longest time, a Singaporean’s marital status is a key factor in determining their eligibility for public housing.
A reflection of new HDB flats under construction in Yishun, on Mar 10, 2021. For single Singaporeans, the road to securing a roof over their heads has been more challenging than some others. (Photo: Ooi Boon Keong/TODAY)
What goes into constructing some of the most transparent, consistent and cited commercial real estate price indexes?
New NCREIF data for commercial real estate performance in 2020 underscores what industry participants had anticipated it was a tough year for appreciation and income. Although rental income did hold up better than some had feared, the NCREIF Property Index (NPI) shows a total annual return of 1.6 percent, while the NCREIF Open‐end Diversified Core Equity Index (NFI-ODCE) posted an annual return of 1.2 percent. That pales in comparison to the 18.4 percent return in the S&P 500 but beats the -5.12 percent return on the Nareit All Equity REIT Index.