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 [...]
A newly built freehold bungalow in Jervois Hill is being sold for S$41.2 million, which works out to about S$2,729.52 per square foot on land area of 15,094 sq ft. This is a record price in terms of psf on land area for a transaction in a Good Class Bungalow Area - busting the previous [...]
A prospective home buyer, who went to see a show-flat, has come back perplexed. He found that the developer wanted to charge him for much more than a unit's gross floor area. The reason being that the unit had high ceilings. To some buyers, this is just empty space - some call it "paying for [...]
Three freehold plots, two of which are in prime districts, have been launched for sale, adding to the buffet of choice sites that developers looking to grow their landbanks can pick from. Elizabeth Towers, the largest of the three, is a high-rise residential redevelopment in Mount Elizabeth in District 9 with a reserve price of [...]
Hot on the heels of other recent property dealings here in the prime district, Hong Kong-listed Far East Consortium International (FEC) has just acquired 21 Anderson Royal Oak Residence. FEC's indirect wholly owned subsidiary, Advance Delight Global, has agreed to purchase all of the issued and paid-up capital of Highest Reach Investments, which owns the [...]
