Property News
Camden Park GCB being sold for S$48 million to Centurion Corp’s Kelvin Teo
The bungalow belonged to late architect Ho Kok Hoe, whose sons put it up for sale at S$55.9 million
Singapore wealth fund GIC moving to bigger office in Tokyo finance zone
It wants to strengthen its presence in Japan as financial markets gain momentum
Singapore grants one-off property tax rebate for all owner-occupiers in 2026
Owners of one and two-room HDB flats will still be exempted from property tax
S&P downgrades China Vanke, says its financial commitments unsustainable
Debt woes at Vanke have revived concerns that China’s real estate sector could fall back into crisis
Hong Kong tower fire toll rises to 128, 200 remain missing
While firefighters contained the blaze on Friday, families had the grim task of looking at photographs of the dead taken by rescue...
UK housing demand seen recovering on clearer post-Budget outlook
Analysts expect pent-up demand to bolster the traditional spring selling season as buyers return to the market
Bedok Rise site draws 10 bids, topped by Allgreen Properties’ S$1,330 psf ppr
Top bid is higher than expected, and comes after Bayshore parcel was sold for S$1,388 psf earlier this year
Vanke’s loan request rejected by at least two Chinese banks
The response underscores waning support for one of the last big survivors of China’s real estate crisis
Tuan Sing unit launches combined residential, commercial and retail Perth asset
The Langley is being established as a ‘landmark destination’
Average HDB household size shrinks further, with 1-person households rising to 1 in 6
While most seniors prefer not to sell and move, more singles living with their families plan to buy their own home, HDB...
China property woes deepen as Vanke seeks bond payment delay
Shenzhen Metro Group has extended about 30 billion yuan in loans to the cash-strapped builder, a crucial funding source that helped the...
New World raises creditor support on overseas debt swap
The swap is the company’s latest move to ease liquidity stress stemming from the years-long downturn
Australia to cap high debt-to-income home loans from February to curb housing risks
AUSTRALIA’S regulator on Thursday said it will impose a cap on high debt-to-income (DTI) mortgage lending from February, aiming to address housing-related...
High Court judge lays out grounds of decision to award UOB S$17.7 million in Lippo Marina Collection lawsuit
The bank claimed up to S$92 million in damages, but Justice Aidan Xu says it ‘failed to mitigate losses fully’
A fitting swansong for long-serving chief Hiew: Help list Mapletree or merge it with CapitaLand
Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it
URA releases Dairy Farm, Tanjong Rhu, Dover housing sites for sale
They form part of the 4,725 residential units that will be released via the confirmed list of the H2 GLS programme
Hong Kong home rents hit record high on strong Chinese demand
The city’s home prices have been struggling to recover after a four-year downturn
China property crisis thrust back into spotlight by Vanke plunge
The company faces immediate tests next month when two onshore bonds come due
Two ageing Tiong Bahru HDB blocks fail to get enough votes for HIP by narrow margin
Permanent resident households are not eligible to vote
Brookfield, GIC bid for National Storage in A$4 billion deal
The Sydney-listed company operates more than 270 storage centres across Australia and New Zealand
US home price growth slowed in September as buyers pulled back
Home prices rose 1.3% in September from a year earlier, compared with an annual increase of 1.4% in August
Residential tower Starpoint in Pasir Panjang sold for S$55.3 million to Stalford International Education
The education service provider plans to redevelop the site into a hotel, hostel or serviced apartment
CDL sells Osaka hotel to Blackstone-managed real estate funds for 14 billion yen
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts
CDL Hospitality Trusts enters into new lease agreement with Millennium & Copthorne Hotels for New Zealand hotel
The new lease will run for a term of five years, with an additional five-year renewal option
CLI to partner Malaysian developer Coronade Properties on retail strategy for mall in Johor-Singapore SEZ
Coronation Square Mall will be the largest in Johor Bahru’s city centre when completed
Premium Automobiles teeing up to buy Sime Darby Business Centre for S$55 million
Former Audi dealer, which now distributes China EV brands, signs put-and-call option for acquisition of Alexandra Road showroom building
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years
Why China can’t sort out its property market mess
Since mid-2024, the government has cut borrowing costs on existing mortgages, relaxed buying curbs in big cities and lowered taxes on home...
Far East Orchard targets S$3 billion AUM, 110,000 lodging units by 2030
Group doubles down on hospitality and PBSA, plans to recycle capital out of non-core assets
Owning luxury hotels is tough but can be richly rewarding for patient capital
Jardine Matheson and Frasers Property could gain from hotel ownership over the long term
Thai developer Ananda pivots to ultra-rich in Asia after Porsche tie-up
The Bangkok-based firm is also exploring fundraising opportunities with foreign sovereign wealth funds to support its regional ambitions
Surging property prices draw bidders for derelict Vietnam towers
The removal of a major bureaucratic barrier has also helped pique interest
HDB rejects owner’s appeal to keep unusual koi pond
TOH TING WEI
Apr 10, 2019 06:00 am
A Housing Board flat owner who had converted the doorstep of his property into a fish tank for his koi carp has failed in his appeal to keep the unusual structure.
The Tampines Street 41 resident installed glass panels to the walls around the four steps leading to his ground-floor unit to house about 10 fish, but was unaware that he needed permission to make the alteration.
HDB had said in January that the man could not keep the tank because of safety concerns.
But he lodged an appeal, after working with Tampines Town Council on measures to address issues raised by the housing board.
HDB said yesterday that it had rejected the appeal.
In response to queries from The Straits Times, a spokesman said: "Aside from the safety concerns that were earlier highlighted, there is a more fundamental reason to turn down the request to retain the koi tank.

"The stairway area outside the unit is common property... Any fixed installations by flat owners have to be confined within the premises of their unit, and not placed on common property."
The owner has also acknowledged that the stairway is common property, the spokesman added.
Under the town council's by-laws, it is an offence to have unauthorised fixtures on common property.
The flat's residents also own the adjacent unit, through which they enter the flat with the blocked doorstep.
The owner, who only wanted to be known as Mr Tan, was saddened by the decision.
He said he will have to remove the tank soon, but there is no deadline yet on when to do so.
Mr Tan added: "I think there will be no more appeals, it is a waste of time to me."
He said he had submitted two appeals to the HDB, both of which were unsuccessful.
He had also appealed to the Ministry of National Development (MND) last week.
Mr Tan said MND had suggested that a community pool or tank, where his fish could be moved to, could be built in the area.
Of the proposal, Mr Tan said: "It's not just about digging two holes. You need to think about what is the attraction there and what is really useful for the community.
"Hopefully something good will come out of it. I am a bit tired of this."
His wife said: "We are not creating an eyesore or disturbance... if everybody keeps everything to the house, there will be no soul in the neighbourhood."