Bernam Street GLS site may fetch a top bid of $535 million
Bernam Street GLS site can potentially yield 325 residential units The Urban Redevelopment Authority (URA) today (May 30) launched a residential with commercial at 1st storey site at Bernam Street for sale by public tender today under the Confirmed List of the first half 2019 (1H2019) Government Land Sales (GLS) Programme. The Bernam Street GLS site [...]
Cascadale at Upper Changi Road up for en bloc sale at $270m
Cascadale is poised to benefit from the extensive development plans surrounding Changi Airport. JLL on May 28, announced the launch of the tender exercise for Cascadale, a 134-unit collective sale site at Upper Changi Road East. This is the first time the owners of the 25-year old development are embarking on a collective sale exercise. [...]
Newton Lodge launches second collective sale tender
Newton Lodge launches its second attempt at a collective sale on May 28. The 16-unit apartment development near Novena is conveniently located some 400 metres from the Novena MRT station and the Novena commercial cluster. Major developments around the Novena area have been underway, as the government targets to transform the area into Singapore’s largest [...]
CPF usage rules and HDB housing loans criteria changed
CPF usage rules and HDB housing loans have been updated to provide more flexibility for Singaporeans to buy a home for life while safeguarding their retirement adequacy, said the Ministry of National Development and the Ministry of Manpower in a joint statement. The new CPF usage rules will now focus on whether the remaining lease [...]
The Woodleigh Residences launch price slashed by up to 13 per cent
The Woodleigh Residences launch is slated for this Saturday (May 11). The development by Japanese property developer Kajima Development (Kajima) and Singapore Press Holdings (SPH) is positioned as a premium integrated development which leverages Japanese design. The Woodleigh Residences is the latest and most ambitious integrated premium housing project of a Japanese property developer, Kajima [...]
Amber Park tops sales on launch weekend achieving $240m in sales value
Amber Park tops sales on launch weekend by becoming the best-selling freehold property launch this year – Amber Park tops with 115 units (77%) being snapped up of the 150 released – Amber Park tops by achieving a total sales value of over S$240 million – Amber Park tops by drawing buyers to the project’s outstanding [...]
K Hotel in Geylang launched for sale at $25 million
JLL on May 2 announced the offer for sale K Hotel, a freehold eight-storey, 56-room hotel. JLL, the exclusive marketing agent for the sale said K Hotel is licensed to provide daily and hourly accommodation services and is located in the city fringe – just East of the Central Region. Located in a mature urban [...]
Industry 4.0 investments pushes Singapore to favourable global manufacturing rankings
Industry 4.0 investments see Singapore being ranked #5 in terms of a favourable geopolitical climate and intellectual property protection. Global real estate services firm Cushman & Wakefield on April 25 published new research assessing 48 of the most suitable locations for global manufacturers to expand or relocate their operations in EMEA, the Americas and Asia-Pacific. [...]
Coworking has made a lasting impact in real estate industry
Coworking entered the real estate industry only a short time ago and has clearly made a lasting impact, said a recent report by AEW. AEW, one of the world’s largest and most established real estate investment managers, referred to JustCo @ Marina Square (among other key global real estate in major cities), to arrive at their [...] Property obsession – Singapore ranks at #5 in global survey
Singapore’s property obsession saw residents spending 3.29 hours on property viewing. Their level of property obsession is higher than in the UK with 2.65 hours and Australia with 2.51 hours. Only the United Arab Emirates, US, Taiwan and Mexico, in that order, spend the most time viewing property in a week. copyright: iCompareLoan The online survey [...]