Singapore home price growth to moderate to 2% in 2019
One of the world’s most recognised statistical rating organisations has predicted that the home price growth here will moderate in the next two years. According to Fitch Ratings in its 2019 Global Housing and Mortgage Outlook report, Singapore home prices are expected to show moderate growth of 2% in 2019 and 3% in 2020. The report said: [...]
Land tenders for GLS closed with bids received above expectation
The Urban Redevelopment Authority today announced that it has closed land tenders for hotel site at Club Street and residential site at Kampong Java Roa. The public tenders for the two sites at Club Street and Kampong Java Road were launched on 27 September 2018 and 31 October 2018 respectively. The Housing & Development Board (HDB) said in [...]
5,000 households disposed their private properties after purchasing HDB resale flats
In keeping with the Government policy requirement to dispose of private property when buying HDB resale flats, 5,000 households disposed of their private properties in the last eight years. The Minister for National Development revealed these figures in answering a parliamentary question. The Minister responded to the Workers’ Party MP, Muhamad Faisal Abdul Manap who asked: [...]
Boutique Hotel at Desker Road for sale at guide price of $28 – $30 million
A 25-room freehold boutique hotel on Desker Road in the Little India vicinity is up for sale by expression of interest (EOI). The site has a guide price of about $28 million to $30 million, according to marketing agent Knight Frank. Image credit: Knight Frank Singapore The property is currently operating under the name of [...]
Who was buying residential property in 2018?
Singaporean households are buying residential property and remain the key buyer of new homes in 2018, says a research report by DBS. The report said that based on data compiled by Realis as at 27 November 2018, out of the 22,000 units transacted in the 11-months of 2018 (9,300 in the primary sales, 12,700 in the secondary [...]
CBRE brokers the largest single-asset industrial deal in Singapore in the last year
CBRE announced on Jan 4 that it had brokered the sale-and-leaseback transaction for a 25-hectare site in Tuas South Avenue 14. The site Tuas South Avenue 14 accommodates an integrated industrial and warehouse facility with a total gross floor area of 1.6 million sq ft. Image credit: Google Map The site in Tuas South Avenue 14 [...]
Queens Peak: A Blissful Haven Made For the Discerning Few
Queens Peak is a soon-to-be-launched residential property by HY Realty, situated along Dundee Road, in the prime District 3. The development, which lies within the city fringe, is tucked inside a 99-year leasehold piece of land and is expected to yield a total of 736 residential units on two iconic 44-storey blocks. The two towers [...]
People’s Park Centre raises Reserve Price in first en bloc effort
Mixed-use redevelopment site People’s Park Centre has raised its Reserve Price from $1.3 billion to $1.35 billion and has also agreed on the method of apportionment for its first en bloc sale attempt. The Straits Times reported that the majority of owners who attended the extraordinary general meeting on Jan 9 passed the resolutions for [...]
Asia Pacific commercial real estate investment to rise by five per cent in 2019, says JLL
Urbanisation and demographics continue to create opportunities for commercial real estate investment amid late-cycle environment. Asia Pacific’s overall real estate transaction volumes in 2019 are expected to rise by five per cent, though the pace of growth momentum will slow down, says global real estate consultant JLL. Geyland Commercial retail shophouses “A decade into the [...]
Mixed landed development site in the Braddell Heights residential enclave for sale for $12.8 million
Savills Singapore today announced the launch for sale by Expression of Interest, 22 & 24 Jalan Lateh, a mixed landed development site in the Braddell Heights residential enclave near Bidadari Estate. The subject freehold site comprises a pair of semi-detached homes with a combined land area of approximately 11,136 sq ft (1,034 sqm). Off Sommerville [...]