A five-room HDB resale flat in Holland Drive has been sold for $1.1 million this month, setting a new record for the area even as Housing Board resale prices fell for the sixth consecutive quarter. Built under the Selected En bloc Redevelopment Scheme (Sers), the 38th-floor unit at Block 18C is the second flat to [...]
Gloria Mansion at Pasir Panjang Road is hitting the market on Tuesday for S$79 million, the latest to hop on the collective sale train here. The freehold 12-storey, 31-unit hilltop apartment building is five minutes away from Haw Par Villa MRT Station and close to West Coast Highway and the Ayer Rajah Expressway. The reserve price of [...]
Soilbuild Group Holdings has won the tender for the collective sale of Kemaman Point, a freehold 89-unit residential development in Balestier Road, with a bid of $143.88 million. Each owner stands to receive between $1.4 million and $2.32 million. The sale of the property is subject to several conditions, including an order of the sale [...]
May’s firm pick-up in developers' property sales has prompted consultants to predict a take-off in the second half of the year as more new launches come onstream. While the year got off to a slow start - with residential launches lagging that of last year - developers' sales survey by the Urban Redevelopment Authority for [...]
Prospects for the Grade A office market are looking brighter after two years of weak demand. Gross effective Grade A rents have grown by 10.7 per cent cumulatively since the recovery in the second quarter of last year, with multinational companies taking up swathes of space in premium buildings in Raffles Place and Marina Bay. [...]
Singapore;s traditional prime districts 9, 10 and 11 are being challenged in their position as the upper echelons of the private housing market not only by new prime areas such as Marina Bay but also by "emerging prime areas" such as Tanjong Pagar and Ophir-Rochor Beach Road area. An analysis of transactions captured by the [...]
Luxury residential properties crossing the S$4,000 per square foot (psf) mark in Singapore's prime Orchard Road district have been few and far between in recent years, but this could change, given the recent spate of record-setting land sales and upcoming launches in the district. Hong Kong-listed Shun Tak Holdings said on Wednesday that it has purchased two [...]
Lakeside Apartments is now on the market with a reserve price of S$240 million, becoming the latest development to wade into the collective sale arena. With more than 80 per cent of the owners at the 134,176 sq ft site in the Jurong Lake District area having agreed to sell their units, the tender was [...]
Orchard property Park House has fetched a record collective sale price of $2,910 per sq ft per plot ratio (psf ppr). The freehold District 10 development at 21 Orchard Boulevard sold for $375.5 million. This translates to $2,910 psf ppr on the maximum allowable gross floor area of 129,035 sq ft, excluding the 10 per cent bonus [...]
Homegrown insurance bigwigs Great Eastern and NTUC Income have leased office space at Paya Lebar Quarter (PLQ). BT understands that Great Eastern, a listed subsidiary of OCBC, has leased about 125,000 sq ft on four floors of the 13-storey Tower 3 in the project. This is the same tower where SMRT has leased 97,000 sq [...]
