Singapore
Other country facts
Rating:
Property in Singapore is plentiful and good quality. The use of a professional property agent is recommended. Most property companies share a national database of property listings in Singapore; therefore working with a single agent avoids duplication of effort.
Singapore Dollar : SGD. 1 Singapore Dollar equates to 0.627 US Dollars compared with an exchange rate of 0.583 at the end of 2003. Therefore relative fluctuation against property purchases in dollar ‘pegged’ currencies. However, in line with world currency market movement.
Economic climate : Singapore has staged a recovery in 2005 following 2003’s SARS crisis which severely impacted the tourism and property sectors. Property prices have lagged behind neighboring South Asia economies by 40 to 60 percent however housing prices rose 1.1 percent and high end apartments and condominiums by 4.1 percent in the 3rd quarter of 2005, the biggest quarterly increase in five years. Rental returns remain strong.
Capital Gains Tax : CGT is no longer imposed upon the sale of residential properties in Singapore.
Popular Areas : Prime residential districts close to the Orchard Road shopping and entertainment belt including Orchard, Tanglin, Holland and River Valley. Other attractions are Bukit Timah and Hillview in the West and Tanjong Rhu on the East side.
Price ranges : US$ 90,000 rising to US$ 1.5 million, dependent on location, inner city real estate in good areas is much more expensive. Annual Property Tax is 4% for wholly owner-occupied residential properties and 10% for other properties based on the annual estimated rental value.
Budgetary guide : Apartments 2/3 bedrooms: US$ 90,000 to 220,000. Terraced houses: US$ 140,000 to 250,000, Semi-Detached houses 3 to 5 bedrooms: US$ 170,000 to 350,000. Bungalows 3 to 5 bedrooms: US$ 170,000 to 470,000. Luxury Bungalows: US$ 270,000 to 750,000.
Overseas Investors : Foreigners may purchase apartments in a building of any number of levels or designated condominium development. Prior approval from the Singapore Land Authority must be obtained to buy ‘Restricted property’, e.g. bungalows and houses with land.
Service Fees : Stamp duty and legal fees represent approximately 3% of the sale price. An ‘Option to Purchase’ demands a non-refundable payment of 1% of the purchase price for ‘resale apartments’ and 5% for ‘off plan apartments’ which instigates a 14-day review period but forms part of the mandatory 10% deposit if the sale proceeds. Purchaser’s agent commission is 1% of Sale price.
Mortgages : A purchaser of a ‘private residential property” can now secure a loan of up to 90% of the lower of the valuation or purchase price. The deposit of 10% can be paid as 5% in cash and if applicable 5% drawn from the Central provident fund (CPF). Most international banks operate in Singapore. Interest rates average between 2 and 3.5 % per annum dependent on loan type.
Sunday, January 1, 2006
Thursday, December 15, 2005
Hilton strives to create lasting impression
Hilton strives to create lasting impression
December 15 2005
HILTON Kuala Lumpur is striving to create a lasting impression.
It has undertaken an aggressive print and television campaign to celebrate its first anniversary.
The five-month campaign, which began last September, can be seen in Malaysia, Singapore, Indonesia, Thailand and the Philippines.
The target audience for Hilton Kuala Lumpur is generally the business professionals who frequent the award-winning five-star business hotel.
To optimise exposure, Hilton Kuala Lumpur formulated a targeted media plan identifying key mediums that professionals, managers, executives and business persons (PMEBs) utilised.
The campaign was first launched in early September to build-up momentum for Hilton Kuala Lumpur in 13 key magazines, covering various lifestyles yet relevant to its audience.
Hilton Kuala Lumpur has “conquered” other hotels with strategic back page print advertisements in Astro Guide Traveller, the hotel TV station guide for Malaysia’s satellite TV station.
Print advertisements were also placed prominently in Le Prestige, The Peak, the Asian edition of TIME magazine, TTG Mice, The Expat, CEI, Hospitality Asia and advertising magazine ADOI! totalling 30 insertions over the two-month campaign period that sees the advertisement hitting its readers several times over.
South-East Asian viewers have been exposed to Hilton Kuala Lumpur’s 20-second commercial over popular news and financial television stations CNN, CNBC, action television station AXN and edutainment channels National Geographic, Star World and Star Movies.
The TVC campaign, launched on November 21 2005 and will run until January 9 2006, has over 450 airtime spots.
“Hilton Kuala Lumpur strives to create a lasting impression with our professional services and warm hospitality and we want to share the same message with our audience, the business professionals,” Hilton Kuala Lumpur general manager Paul Hutton said.
The print campaign reflected the joy of celebrating its one-year anniversary.
With the television commercial, it shares “Hilton Moments”, instantaneous and special moments that happen only at a Hilton hotel.
“Our audience will also note that the commercial is an extension of the existing corporate print campaign — or ‘The Pillow Fight’ brought to life, that won the Gold, Silver and Bronze Award at the Asia Travel Tourism Creative Awards in June 2005.
“Coupled with our CRM (Customer Relations Management) efforts with financial institutions, this is a multi-faceted approach where the audience will be exposed to our brand from several avenues. Hilton Kuala Lumpur will certainly make its mark on the audience,” Hutton added.
The campaign marks a first aggressive advertising campaign for Hilton properties in the South- East Asian region.
Meanwhile, at the recent Hospitality Asia Platinum Awards, the hotel walked away with five wins and eight finalist nominations totalling 13 nominations.
Hilton Kuala Lumpur won the “The Award for Excellence”: ‘Best 5-Star Business Hotel’, ‘Catering & Banqueting Department’ ‘Best All Day Dining’ for Sudu Restaurant, and ‘Best Western Cuisine Restaurant’ for Senses.
In addition, Hilton Kuala Lumpur also took home the mystery award that was only announced the evening itself for ‘Best Interior Décor’.”
Hilton Kuala Lumpur was also awarded plaques as finalists for the following categories — “The Award for Excellence”: ‘Best New Hotel’, ‘Best 5-Star MICE Hotel’, ‘Best Chinese Cuisine Restaurant’ for Chynna, ‘Best Night Spot’ for Zeta Bar, ‘Best Wine and Bar’ for Vintage Bank, ‘Excellence in Human Resource Department’, ‘Excellence in Hospitality Personality Western Cuisine Chef’ for chef Kelly Brennan and ‘Excellence in Hospitality Personality for PR and Communications’ went to its Business Development director Nils- Arne Schroeder.
At the World Travel Awards in London, Hilton Kuala Lumpur won the “Malaysia’s Leading Hotel” award.
The awards join a range of accolades Hilton Kuala Lumpur has been honoured with. Within its first year of operations, Hilton Kuala Lumpur was awarded the “5-Star Diamond Award” from the American Association of Hospitality Sciences. The hotel was also voted the “Best Business Hotel” by voters of TTG Asia and won five awards at the regional Asia Travel and Tourism Creative Awards for their advertising and promotional campaigns.
“The awards we have amassed are a measuring scale of our accomplishments that spur us to improve on service excellence which we are so passionate about,” Schroeder said.
December 15 2005
HILTON Kuala Lumpur is striving to create a lasting impression.
It has undertaken an aggressive print and television campaign to celebrate its first anniversary.
The five-month campaign, which began last September, can be seen in Malaysia, Singapore, Indonesia, Thailand and the Philippines.
The target audience for Hilton Kuala Lumpur is generally the business professionals who frequent the award-winning five-star business hotel.
To optimise exposure, Hilton Kuala Lumpur formulated a targeted media plan identifying key mediums that professionals, managers, executives and business persons (PMEBs) utilised.
The campaign was first launched in early September to build-up momentum for Hilton Kuala Lumpur in 13 key magazines, covering various lifestyles yet relevant to its audience.
Hilton Kuala Lumpur has “conquered” other hotels with strategic back page print advertisements in Astro Guide Traveller, the hotel TV station guide for Malaysia’s satellite TV station.
Print advertisements were also placed prominently in Le Prestige, The Peak, the Asian edition of TIME magazine, TTG Mice, The Expat, CEI, Hospitality Asia and advertising magazine ADOI! totalling 30 insertions over the two-month campaign period that sees the advertisement hitting its readers several times over.
South-East Asian viewers have been exposed to Hilton Kuala Lumpur’s 20-second commercial over popular news and financial television stations CNN, CNBC, action television station AXN and edutainment channels National Geographic, Star World and Star Movies.
The TVC campaign, launched on November 21 2005 and will run until January 9 2006, has over 450 airtime spots.
“Hilton Kuala Lumpur strives to create a lasting impression with our professional services and warm hospitality and we want to share the same message with our audience, the business professionals,” Hilton Kuala Lumpur general manager Paul Hutton said.
The print campaign reflected the joy of celebrating its one-year anniversary.
With the television commercial, it shares “Hilton Moments”, instantaneous and special moments that happen only at a Hilton hotel.
“Our audience will also note that the commercial is an extension of the existing corporate print campaign — or ‘The Pillow Fight’ brought to life, that won the Gold, Silver and Bronze Award at the Asia Travel Tourism Creative Awards in June 2005.
“Coupled with our CRM (Customer Relations Management) efforts with financial institutions, this is a multi-faceted approach where the audience will be exposed to our brand from several avenues. Hilton Kuala Lumpur will certainly make its mark on the audience,” Hutton added.
The campaign marks a first aggressive advertising campaign for Hilton properties in the South- East Asian region.
Meanwhile, at the recent Hospitality Asia Platinum Awards, the hotel walked away with five wins and eight finalist nominations totalling 13 nominations.
Hilton Kuala Lumpur won the “The Award for Excellence”: ‘Best 5-Star Business Hotel’, ‘Catering & Banqueting Department’ ‘Best All Day Dining’ for Sudu Restaurant, and ‘Best Western Cuisine Restaurant’ for Senses.
In addition, Hilton Kuala Lumpur also took home the mystery award that was only announced the evening itself for ‘Best Interior Décor’.”
Hilton Kuala Lumpur was also awarded plaques as finalists for the following categories — “The Award for Excellence”: ‘Best New Hotel’, ‘Best 5-Star MICE Hotel’, ‘Best Chinese Cuisine Restaurant’ for Chynna, ‘Best Night Spot’ for Zeta Bar, ‘Best Wine and Bar’ for Vintage Bank, ‘Excellence in Human Resource Department’, ‘Excellence in Hospitality Personality Western Cuisine Chef’ for chef Kelly Brennan and ‘Excellence in Hospitality Personality for PR and Communications’ went to its Business Development director Nils- Arne Schroeder.
At the World Travel Awards in London, Hilton Kuala Lumpur won the “Malaysia’s Leading Hotel” award.
The awards join a range of accolades Hilton Kuala Lumpur has been honoured with. Within its first year of operations, Hilton Kuala Lumpur was awarded the “5-Star Diamond Award” from the American Association of Hospitality Sciences. The hotel was also voted the “Best Business Hotel” by voters of TTG Asia and won five awards at the regional Asia Travel and Tourism Creative Awards for their advertising and promotional campaigns.
“The awards we have amassed are a measuring scale of our accomplishments that spur us to improve on service excellence which we are so passionate about,” Schroeder said.
Wednesday, June 29, 2005
CapitaLand (CATL.SI: Quote, Profile, Research), Southeast Asia's most valuable developer, plans to launch two more property funds worth a combined S$1
CapitaLand (CATL.SI: Quote, Profile, Research), Southeast Asia's most valuable developer, plans to launch two more property funds worth a combined S$1 billion ($651 million) as part of its financial services expansion.
The group's assets under management would hit S$17-18 billion by the end of the year -- up from about S$14 billion now, Chief Executive Liew Mun Leong said on Monday.
"Our financial services make up less than 10 percent now but I would like our fund fees to be about 15-20 percent of our EBIT (earnings before interest and tax)," Liew told the Reuters Real Estate Summit in Singapore.
"We're still a real estate company essentially, but this would help us in our overall domain knowledge," he added.
The two new property funds, which will join CapitaLand's existing line-up of 10 funds, will invest in India and China with initial funds of S$500 million (US$325 million) each.
CapitaLand, 43-percent owned by Singapore state investor Temasek Holdings [TEM.UL], has been aggressive in expanding its financial services business and controls five real estate investment trusts (REITs), including CapitaMall (CMLT.SI: Quote, Profile, Research) -- Singapore's most-valuable property trust.
Liew said the group could launch another five property trusts based on its global portfolio, which includes office buildings in China and apartments in Japan.
He said CapitaLand's next REIT would likely be one based on its properties in China as its assets there offered high yields.
The group's assets under management would hit S$17-18 billion by the end of the year -- up from about S$14 billion now, Chief Executive Liew Mun Leong said on Monday.
"Our financial services make up less than 10 percent now but I would like our fund fees to be about 15-20 percent of our EBIT (earnings before interest and tax)," Liew told the Reuters Real Estate Summit in Singapore.
"We're still a real estate company essentially, but this would help us in our overall domain knowledge," he added.
The two new property funds, which will join CapitaLand's existing line-up of 10 funds, will invest in India and China with initial funds of S$500 million (US$325 million) each.
CapitaLand, 43-percent owned by Singapore state investor Temasek Holdings [TEM.UL], has been aggressive in expanding its financial services business and controls five real estate investment trusts (REITs), including CapitaMall (CMLT.SI: Quote, Profile, Research) -- Singapore's most-valuable property trust.
Liew said the group could launch another five property trusts based on its global portfolio, which includes office buildings in China and apartments in Japan.
He said CapitaLand's next REIT would likely be one based on its properties in China as its assets there offered high yields.
Subscribe to:
Posts (Atom)
