Second batch of Tengah flats up for sale in May Nearly 2,200 flats in the upcoming "forest town" of Tengah will be offered for sale when two housing projects in the estate are launched later this month. One is a 990-unit project called Garden Vale @ Tengah, the first batch of flats to go on [...]
8 May 2019 Some commercial buildings finding it hard to sell en bloc Some commercial buildings are facing an uphill task trying to achieve collective sales, with buyers deterred by high retail vacancy rates and prohibitive selling prices. One of the more recent candidates for such a sale is Queensway Shopping Centre, a 45-year-old freehold [...]
11 April 2019 More HDB flats in the CBD? Should there be HDB blocks in the CBD? This question of whether new public housing flats will be built in the Central Business District (CBD) has emerged after the Urban Redevelopment Authority (URA) launched its Draft Master Plan last month. A key part of the plan [...]
Belmont Rd GCB fetches S$33.8m or S$2,243 psf A newly completed bungalow in Belmont Road developed by Melvin Poh and Victor Soh is being sold for S$33.8 million, or S$2,243 per square foot on the freehold land area of 15,069.46 sq ft. The property is in the Belmont Park Good Class Bungalow (GCB) Area. The [...]
Concerns about the swift rise in private home prices have prompted the authorities to further tighten cooling measures last night, in a surprise move that will lead to property buyers paying higher stamp duties. From today, Singaporeans and permanent residents have to pay 5 per cent more for their second and successive properties. For example, [...]
Last year saw the highest number of resale flat transactions cross the $1 million mark since the first Housing Board executive apartment hit that record price in 2012. Million-dollar transactions more than doubled to 46 last year from the previous year, and the momentum has not shown signs of slowing yet. Some 18 flat owners [...]
Two small condominiums suitable as sites for boutique developments were launched for collective sale on Tuesday, adding to the growing list of sites in the private en bloc market looking for a buyer. One is Jansen Mansion, a 12-unit development near Kovan MRT station, and the other is Blossom Mansions, a development with 20 units [...]
The Hong Leong Group has clinched the 154,000 sq ft Hillview Rise residential site with a top bid of S$460 million - thanks in part to its proposed innovative construction methods and management with a focus on productivity. Intrepid Investments and Garden Estates, subsidiaries of Hong Leong Holdings and Hong Realty respectively, submitted the top [...]
Some big-name developers are in the hunt for a commercial and residential site in Sengkang Central, with seven bids lodged at the tender closing yesterday. Most of them joined forces in joint ventures for the government land sale site, which was put on sale via what is called a dual-envelope system. There was a joint [...]
Come July, the developer behind the mega mixed-use project Marina One will find out whether its strategy four years ago of holding back half its 1,042 residential units from the market has paid off. M+S Pte Ltd, the joint-venture firm by Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, will release 30 per cent of its [...]