Grab It Now ! St. Regis Residences - District 10 - Singapore Property - Pinnacle of Luxury

Grab It Now ! St. Regis Residences - Distract 10 - Singapore Property - Pinnacle of Luxury

St. Regis Residences - from New York to Bali, Aspen to Anguilla. Experience a different kind of living!! The 1st and only
residence offering the renowned St. Regis Butler Service in Singapore, other services such as in-residence dining,
housekeeping, even childcare as well as full condominum facilities that has cigar rooms, private exercise and massage
rooms! Located in the heart of town this most prestigious residence with concierge services offers 173 units with stunning
sky villas and sky suites! Units sizes range from 1959 to 4069 sq.ft. Prices start from S$3500 per sq.ft. Local
property tycoon expects prices to reach S$5500 per sq.ft.!

Developer - Richmond Hotel Pte Ltd - A
Joint Venture between City Developments
Limited, Hong Leong Holdings Ltd. & TID Pte. Ltd.

Location - Bounded by Tanglin Road /
Tomlinson Road / Cuscaden Road

Official Address - 29 Tanglin Road (Hotel) ,
31 Tanglin Road (Tower B) , 33 Tanglin Road (Tower C)

Development Layout - Mixed development
with one 20-storey hotel tower, two 23-storey residential towers and three basement floors of parking lots

Tenure of Land - 999-year leasehold

Site Area - 179,691 square feet (16,694 square metre)

Residences Apartment Configurations -
173 units 3 bedroom:
19 units at 1,500 square feet
4 bedroom: 140 units from 2,000 - 4,000 square feet Sky Suite:
7 units from 4,300-6,000 square feet Sky Villa:
7 units from 5,000-7,200 square feet
(Penthouse) Private lifts access for all apartments

Recreation Facilities -
• 25m Lap Pool & Pool Deck
• Children’s Pool & Playground
• Landscape Garden
• Entrance Water Feature
• Reflective Pool
• Relaxation Terrace
• Seating Alcove
• BBQ Area
• Outdoor Tennis Court
• Clubhouse Amenities - Multi-function room - Gymnasium - Lounge/Sitting Area - Cigar Lounge - Private Exercise and Massage Rooms

Singapore Expat , Re Location To Singapore , Owner , Seller .

I will work hard for you , Let’s make the deal Together .

Singapore Real Estate - Buy , Sell , Rent ,invest Singapore Property

Buy, sell and rent Singapore real estate: private property, residential apartments, commercial and industrial properties. HDB flats for sale and rental. Foreign investors, buyers, tenants or relocating expats can easily find their ideal landed
house, bungalow, semi-d, terrace, condominium, townhouse, private apartment, HDB, HUDC, office, shop,
factory, warehouse & land right here.

MINDY YONG

( +65 ) 91002985

mindy@mindyyong.com ( email me )

http://www.hotvictory.com

Singapore Private residential units sold in November 2007

Singapore Private residential units sold in November 2007

Click on the thumbnail above for a full size view
Source : Straits Times - 18 Dec 2007

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

http://www.hotvictory.com

Calm replaces frenzy, but office sector will still be buoyant - Singapore

Calm replaces frenzy, but office sector will still be buoyant - Singapore

Supply remains tight in short-term, prices may rise slower in 2008
By ARTHUR SIM

(SINGAPORE) The tight supply of office space seen this year will spill over into 2008, keeping rents buoyant and rising in the region of 20 per cent for Grade A space.

However, the massive supply expected from 2010 onwards, coupled with a growing resistance to rental hikes and the possibility of a slowdown in the US economy, will likely bring a sense of calm with the new year, replacing the manic price increases that dominated much of 2007, when rents in areas like Raffles Place increased by 100 per cent.

Colliers International director for research and consultancy Tay Huey Ying says that based on the average annual office absorption rate in the last three years of about 2.3 million sq ft, islandwide occupancy could reach 95 per cent by 2010, but added that this was ‘unlikely in view of the looming US recession’.

Colliers estimates that potential supply is estimated to be 5.2 million sq ft, or about 1.7 million sq ft a year for the next three years.

‘In the likely event of a moderation in annual office demand by some 25-30 per cent to an annual average of some 1.6 million sq ft in the next three years, islandwide occupancy rate would still remain at a healthy level of above 92 per cent by 2010,’ added Ms Tay.

Cushman & Wakefield’s (C&W) estimates for the shorter term reveal a more dire supply situation.

C&W managing director Donald Han says that only 2.7 million sq ft of new office space will be completed for 2008 and 2009, or an average of 1.35 million sq ft per annum. Projected take-up however, has historically been around 2 million sq ft.

But while rents will continue to rise, tenants may simply up their tolerance thresholds and resist expansion by ‘hot-desking, working from home, or reconfiguring workstations’, at least until rents stabilise, reckons Mr Han.

Landlords’ rental expectations will remain high but Mr Han believes that tenants are beginning to resist high rents and expects ‘more corporates who are large users of space to continue adopting cost segregation strategy in 2008′.

‘Assuming half of a front end office in the CBD pays $15 psf while the other half of backroom operations pays a $4 psf industrial rate, the blended rate achieved is $9.50 psf, which makes businesses more agile and competitive in a high cost environment,’ Mr Han said.

He also noted that the Grade B office sector is enjoying high occupancy rates of 95-98 per cent with some fringe areas like the Tanjong Pagar, Beach Road and Chinatown micro markets seeing record rental transactions.

Mr Han added: ‘There has been a growing trend of companies buying premises for own use in lieu of renting. These have similarly led to the rise of rental and capital values for conservation shophouses and strata-titled offices.’

Capital values rose rapidly in 2007. According to Savills Singapore, average Grade A capital values rose 33 per cent in Q2′07 and 23 per cent in Q3′07, quarter-on-quarter.

For 2008, however, Savills is projecting a 20 per cent increase for the whole year.

The sector will also continue to be bolstered by institutional buyers. Savills director of marketing and business development Ku Swee Yong said: ‘They invest in Singapore for interest rate arbitrage, tax gains, forex gains or diversification, and portfolio diversification. The office investment market will continue to be filled with investor interest and we will see a constant supply of funds chasing after very few assets.’

The lower price fetched for Marina View Parcel B recently does not alter his view either. ‘Marina View Parcel B had restrictions due to the common services tunnel construction access. The price is not reflective of the market because you have to discount for the inconvenience. I don’t believe one can draw any conclusions from the price,’ he added.

With good returns on capital values, Knight Frank director, research and consultancy Nicholas Mak believes that 2008 will see investors continue to look for short term gains. ‘A few have already been flipping commercial properties because the profit is too good to pass up,’ he added.

Better yields may persuade these investors to hold for longer term rental returns but Mr Mak only expects yields to rise in 2009 or 2010.

For 2008, the tight supply will be mitigated by limited office space completion and new transitional office sites being developed.

Interest in the transitional sites has been encouraging.

CB Richard Ellis executive director (office services) Moray Armstrong said: ‘The successful award of the first transitional office parcel at Scotts Road and the swift pre-commitment of the entire block by insurance giant Prudential provides a good gauge of strength of the leasing market in 2007.’

CBRE estimates that Grade A rents will average $18.50 by end-2008 but Mr Armstrong expects the market to be, ‘more friendly beyond 2010′.

‘This is likely to be factored into property decisions by the corporates,’ he added.

By CBRE’s analysis, more than 68 per cent (or about 6.2 million sq ft) of the on-coming supply from 2008-2012 is likely to be categorised as Grade A - almost doubling the current Grade A stock.
Source : Business Times - 21 Dec 2007

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

http://www.hotvictory.com

US warns of credit card fraud with a Singapore tagline

US warns of credit card fraud with a Singapore tagline

Crooks masquerade as Singapore companies but shipments are diverted elsewhere
By ANNA TEO

(SINGAPORE) Singapore is used as a conduit for credit card fraud, the US Commercial Service has been warning American exporters shipping to the Republic.
In a full-page warning on its website, the US government agency advises: ‘If you receive a credit card order from Singapore, check its legitimacy before you ship. The US Commercial Service, American Embassy Singapore, has received multiple complaints from US merchants reporting fraudulent credit card transactions committed by companies/individuals purporting to be in Singapore.

‘The initial investigation of the fraudulent transactions has revealed that the shipments are actually being sent to freight forwarders in Singapore and diverted to unknown consignees in neighbouring countries.’

A US Embassy spokesman said the warning has been on the website since January this year. The advisory was put up by the US Immigration and Customs Enforcement (ICE) office at the embassy jointly with the fraud prevention offices of MasterCard and Visa in Singapore. The Singapore Police Force also refers to the website warning in its response to US companies that contact it about suspected credit card fraud.

The incidence of fraud first came to the fore in 2003, with reports about Singapore being among countries ‘blacklisted’ by US e-commerce websites as likely sources of online credit card fraud.

BT understands there continue to be complaints of card fraud, but the ‘transactions’ - as before - actually occurred outside Singapore.

A police spokesman told BT: ‘Since 2003, CAD (the Commercial Affairs Department) has received over 70 complaints from online merchants based overseas, who have been deceived by fraudsters operating outside Singapore but masquerading as Singaporeans or Singapore-based companies.’

The fraudsters use two methods of deception.

‘In the first, they deceive the online merchants by adding ‘Singapore’ to the consignee’s address even though the address is actually located in another country in the region. The shipments are therefore not delivered to Singapore but diverted by international courier service providers to the fraudsters located overseas.’

In the other scheme, first detected in 2005, the fraudsters masquerade as Singaporeans or Singapore-based companies by making use of the addresses and contact information of bona fide freight forwarders in Singapore as consignees for the shipments.

‘When the shipments arrive in Singapore, they are immediately trans-shipped to the country in which the fraudsters are actually based,’ the police spokesman said.

CAD investigations found these fraudsters did not operate in Singapore, he added.

‘CAD has been working closely with overseas police forces, other government agencies and industry players to tackle these cases.’

According to the US Commercial Service, the purchase orders usually range from US$5,000 to US$30,000. In placing the order - via telephone or online - the ‘buyer’ either splits the total purchase price between several cards or makes several attempts (using multiple credit card numbers) to complete the transaction. Once the credit card numbers are accepted and the transaction goes through, the ‘buyer’ requests immediate air shipment.
Source : Business Times - 21 Dec 2007

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985

mindy@mindyyong.com

http://www.hotvictory.com