Residential

Afiniti Residences sold out on first day of launch

Afiniti Residences, a 147-unit condominium project in Iskandar Malaysia, was sold out on its highly anticipated launch by the 50:50 joint venture between Temasek Holdings and Pulau Indah Ventures. 25% of the buyers were Singaporeans, while the rest were mainly Malaysians. Some 88 units were open to the public and the remaining 59 units were for developers and partners. The residential project includes 21-storey towers with studio, 1+study, 2 and 2+study units. The selling price per square foot ranges from S$345 to $406, and unit sizes range from 484 square feet to 1,064 square feet.  Construction for the residences is expected to finish in 2015.

(Source: Business Times)

Room rates eased, occupancies remained strong

Singapore room rates have softened for the first four months of 2013, yet occupancies remained strong. The Singapore Tourism Board (STB) estimates that the Average ...