Property News

Fear of missing out and talk of cooling measures nudge new home sales up 32.2% in Jan 2021

Singapore (Edgeprop) https://www.edgeprop.sg/property-news/fear-missing-out-and-talk-cooling-measures-nudge-new-home-sales-322-jan-2021 Private residential sales figures for January 2021 show that developers sold 1,609 homes excluding Executive Condominiums (ECs). This is a 32.2% m-o-m increase from the 1,217 units sold in December 2020, and a 159.5% increase from the 620 units shifted in January 2020. According to Tricia Song, head of research for Singapore [...]

Prices of HDB resale flats in 4Q2020 increase 3.1% q-o-q

SINGAPORE (EDGEPROP) - Prices of HDB resale flats rose for its third consecutive quarter in 4Q2020, increasing by 3.1% q-o-q, according to HDB public housing data. In 4Q2020, a total of 7,642 HDB resale units changed hands, which was 1.9% lower than the 7,787 units transacted in 3Q2020. However, the transaction volume in 4Q2020 was [...]

Prices of private homes in Singapore rise 2.1% q-o-q in 4Q2020

SINGAPORE (EDGEPROP) - Prices of private residential properties increased by 2.1% in 4Q2020, compared with the 0.8% increase in the previous quarter, according to URA data. For the full-year 2020, prices of private residential properties increased by 2.2%, compared with a 2.7% increase in 2019. The price increase in residential properties was mainly driven by [...]

[email protected] resale prices soar above $1.25 mil

SINGAPORE (EDGEPROP) - High-floor units at the iconic [email protected] dominated the top 10 HDB resale deals in 2020, claiming seven spots on the list. The sales of five-room units at Natura Loft in Bishan and at City View @ Boon Keng were also among the top HDB resale transactions in 2020. The record HDB resale [...]

7,800 BTO flats will be offered in August 2020

Some of the 3,700 BTO flats that were originally scheduled for May in Choa Chu Kang, Tengah, Pasir Ris and Tampines will be combined with August’s launch. The deferment was a result of the closure of non-essential workplaces such as construction sites. As a result, HDB will offer about 7,800 flats in Ang Mo Kio, [...]

Transaction volume by foreign home buyers fall 26.1% in 1Q2020

SINGAPORE (EDGEPROP) - Based on the residential status of homebuyers in Singapore, the number of foreign home purchasers have fallen the most by 26.1% to 215 units in 1Q2020, compared to other statuses, according to Edmund Tie’s Private Homes Report for June 2020. Transaction volumes by Singaporeans and Singapore Permanent Residents (PRs) decreased by 12.5% and [...]

Savills’ Private Office: Catering to the ultra-rich

SINGAPORE (EDGEPROP) - Global nomads who have been grounded during the lockdown are looking forward to Singapore’s “green lanes” or “Covid-19 safe air corridor”. “Once travel resumes, activity will return,” says Jacqueline Wong, executive director and head of The Private Office at Savills Singapore. Wong: Those who have already landed in Singapore are shopping for [...]

Some relief for landlords required to provide extra rental waivers for tenants

SINGAPORE (EDGEPROP) - The government has announced additional rental waiver for tenants who are small and medium sized enterprises (SMEs), particularly those who have seen revenue drop at least 35% in April and May. “The extra rental waiver is a much needed boost to tenants who have been severely affected by the extended circuit breaker, [...]

Martin Modern: The ‘Gangnam’ of Robertson Quay

SINGAPORE (EDGEPROP) - During the “circuit breaker” period, eight units were sold at the Martin Modern luxury condo development by GuocoLand. This brings the total tally of units sold to 401 out of 450 units in the twin 30-storey development, which translates to a take-up rate of 89%. One of the purchases made just before the [...]

‘Star buys’ at Sloane Residences at prices from $2,628 psf

SINGAPORE (EDGEPROP) - TSky Development, a joint venture between listed construction groups Tiong Seng Holdings and Ocean Sky International, has released five units as “star buys” at its high-end condo, Sloane Residences. Launched on June 2, the promotional prices for the five units are $100,000 to $123,000 off their original list prices. “We would like [...]

A pair of two-bedders at Seahill priced below $1.3 mil each

SINGAPORE (EDGEPROP) - A pair of two-bedroom units at Seahill, off West Coast Road in Clementi, is on the market for prices under $1.3 million. The two units were originally scheduled to be put up for auction that was cancelled due to the “circuit breaker” measures, and are now being marketed under private treaty, says Edmund [...]

Manufacturing tops resilience and rebound ranking: Colliers

SINGAPORE (EDGEPROP) - The top three sectors that hold the greatest “resilience and rebound potential” amid the Covid-19 pandemic are manufacturing, technology and hospitality, according to the Resilience and Rebound Ranking Report by Colliers International. The report identifies the most resilient industries over past crises and the opportunities for commercial real estate sectors beyond the current Covid-19 [...]

The reimagined office

As the Covid-19 pandemic pushes firms to run remotely, forcing workers to adopt tech and adapt to virtual collaborations, the conventional function of the office as a physical meeting place for work has been tested. Property consultants dive in on the permanent changes they expect will be here to stay in the industry: 1. The [...]

Seller of 8 @ Mount Sophia unit makes $1.1 mil profit

SINGAPORE (EDGEPROP) - Despite being eight weeks into the “circuit breaker”, the seller of a three-bedroom unit at 8 @ Mount Sophia managed to turn in a healthy profit when the property was sold on May 26. It was also the most profitable deal recorded during the week in review from May 19 to 26. [...]

GSM Building at Middle Road for sale at $98 mil

SINGAPORE (EDGEPROP) - GSM Building at 141 Middle Road has been launched for en bloc sale at a reserve price of $98 million. It is the first commercial site to be launched since the lifting of some “circuit breaker” measures on June 2.   The property, a corner double-frontage building facing Middle Road, has a [...]

Seller of Flame Tree Park unit makes $1.3 mil profit

By Timothy Tay/ EdgeProp Singapore|April 9, 2020 6:00 AM SGT SINGAPORE (EDGEPROP) – The most profitable transaction during the week of March 24 to 31 was the sale of a 2,174 sq ft unit at Avon Park, a freehold development on Youngberg Terrace. The unit changed hands for $3 million ($1,380 psf) on March 27. […]

Developers sell 277 new private homes in April despite circuit breaker measures

Despite strict movement controls as part of the ‘circuit breaker’ measures from April 7, developers managed to sell 277 new private homes (excluding Executive Condominiums) during the month of April, based on the latest statistics from URA.“Buyers and Investors were fortunate to have access to show flats in the first seven days of April. Thereafter, [...]

Guide price of $2.05 mil for two-bedroom unit at Marina Bay Residences

By Valerie Kor / EdgeProp Singapore | April 9, 2020 8:00 AM SGT Original Article: https://www.edgeprop.sg/property-news/guide-price-205-mil-two-bedroom-unit-marina-bay-residences At Marina Bay Residences — the 55-storey, 428-unit luxury condo at Marina Bay waterfront — a two-bedroom apartment with unblocked sea views towards Marina South is being sold as a bank sale. Edmund Tie, who is advertising the unit, [...]

Kopar at Newton sees 77 units sold ahead of enforced shut down of all sales galleries

By Cecilia Chow/ EdgeProp Singapore|April 5, 2020 1:40 AM SGT SINGAPORE (EDGEPROP) – Chip Eng Seng’s property arm CEL Development sold a total of 77 units at Kopar at Newton on the first day of sales on April 4. The units sold achieved an average price of $2,350 psf. Despite tighter safe distancing measures, Kopar […]

Asia better positioned to lead post-Covid-19 recovery: Knight Frank

By Charlene Chin/ EdgeProp Singapore|April 3, 2020 8:06 AM SGT SINGAPORE (EDGEPROP) – As the Covid-19 outbreak has weakened market sentiments and thrown global economies into turmoil, Neil Brookes, Knight Frank’s head of capital markets in Asia Pacific, believes that Asia is better positioned to lead the post-pandemic recovery than the US or Europe.The numbers […]

Seller of Regency Suites unit makes $1.62 mil profit

By Timothy Tay/ EdgeProp Singapore|April 3, 2020 10:00 AM SGT SINGAPORE (EDGEPROP) – A three-bedroom unit at Regency Suites on Kim Tian Road topped the list of most profitable deals for the week of March 17 to 24. The 1,421 sq ft unit changed hands for $2.7 million ($1,900 psf) when it was sold on […]

Four-bedroom unit at The Coast at Sentosa Cove for sale at $4.45 mil

By Valerie Kor / EdgeProp Singapore | April 3, 2020 11:00 AM SGT The Coast comprises 249 units, ranging from three- to four-bedroom apartments as well as luxury penthouses (Photo: Samuel Isaac Chua/The Edge Singapore) SINGAPORE (EDGEPROP) – A four-bedroom apartment at The Coast at Sentosa Cove, is on the market with a guide price […]

Portfolio of assorted freehold properties for sale at $51 mil

By Charlene Chin/ EdgeProp Singapore|April 2, 2020 3:48 PM SGT 104 and 106 Jalan Jurong Kechil (Credit: CBRE) 104 and 106 Jalan Jurong Kechil is a four-storey development with two F&B shops on the ground floor, two commercial schools on the second floor and 16 residential units on the third and fourth floors. It sits […]

Private property price index down 1.2% in 1Q2020

By Valerie Kor / EdgeProp Singapore | April 2, 2020 5:11 PM SGT URA flash estimate for 1Q2020 showed a decline of 1.2% (Photo: Samuel Isaac Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) – The flash estimate for 1Q2020 released by the URA showed a decline in the overall private residential property price index: a decrease of 1.2% […]

Rents for expats in central Singapore rise 1.4% from 2019

By Charlene Chin/ EdgeProp Singapore|April 2, 2020 5:11 PM SGT The rise in rents is attributed to an increase in overseas relocation to Singapore over the past 12 months, particularly in the fintech and pharmaceutical sectors SINGAPORE (EDGEPROP) – Rents in Singapore’s central areas have risen for the first time in five years, according to […]

HDB resale price index remains unchanged for 1Q2020

By Valerie Kor / EdgeProp Singapore | April 2, 2020 5:05 PM SGT HDB estates in Jurong East (Photo: Samuel Isaac Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) – Although HDB resale prices tracked two consecutive quarterly rises previously, it held steady at 0% in 1Q2020. This goes to show that Covid-19 may be reversing the upward trend […]

Freehold bungalow on Tamarind Road for sale at $8.8 mil

By Timothy Tay/ EdgeProp Singapore|March 27, 2020 8:30 AM SGT SINGAPORE (EDGEPROP) – A freehold bungalow on Tamarind Road, just off Yio Chu Kang Road in District 28, is on the market for $8.8 million. The house sits on a 9,599 sq ft plot and the guide price translates to $916 psf on the land […]

Chip Eng Seng tests Kopar at prices from $2,100 psf

By Cecilia Chow/ EdgeProp Singapore|March 27, 2020 9:30 AM SGT Original Article: https://www.edgeprop.sg/property-news/chip-eng-seng-tests-kopar-prices-2100-psf SINGAPORE (EDGEPROP) – To contain the spread of Covid-19, Singapore is prohibiting gatherings of more than 10 persons and maintaining a physical distance of at least 1m with effect from March 27. In line with the restrictions by the Ministry of Health […]

Global Dragon launches ‘Spring Promotion’, offering selected units at $1,800 psf for Infini at East Coast

By Valerie Kor / EdgeProp Singapore | March 27, 2020 10:15 AM SGT Infini at East Coast is Global Dragon’s first residential apartment development and comprises 36 units (Photo: Albert Chua/The Edge Singapore) SINGAPORE (EDGEPROP) – Having rolled out its maiden residential apartment project, Infini at East Coast, last September, Singapore-listed property developer Global Dragon […]

Unit at Heritage Apartments reaps $4.8 mil profit

By Valerie Kor / EdgeProp Singapore | March 27, 2020 11:30 AM SGT The top gain over the week of March 10 to 17 was the sale of a unit at Heritage Apartments (Photo: Samuel Isaac Chua/The Edge Singapore) The seller of a unit at Heritage Apartments located on 4 Ardmore Park made the top […]

Time to review the project completion deadline as pandemic rages on

By Alice Tan,Edmund Tie/ EdgeProp Singapore|March 27, 2020 12:00 PM SGT SINGAPORE (EDGEPROP) – The Covid-19 pandemic has accelerated to such an extent that it has now gripped more than 180 countries especially in the US, Europe and the Middle East. Fears of economic and financial fallout from Covid-19 has resulted in steep losses across […]

OLA EC’s 30% sales over the weekend may become new reality as Covid-19 looms over project launches

By Cecilia Chow/ EdgeProp Singapore|March 23, 2020 1:53 PM SGT SINGAPORE (EDGEPROP) – OLA executive condo’s (EC) sales over the weekend of March 21 and 22 may be a bellwether for other projects in the new world order under the spectre of the pandemic. About 167 out of 548 units at OLA executive condo sold […]

35 Gilstead beats the competition with attractive prices

By 35 Gilstead / BROUGHT TO YOU BY TEE LAND | March 20, 2020 10:55 AM SGT An artist impression of 35 Gilstead. The freehold development is close to Newton MRT station, and is surrounded by low-rise housing estates Just off the busy Newton Road lies the upmarket residential neighbourhood along Gilstead Road. The quiet […]

Unit at Elizabeth Heights sold for $2.54 mil profit

By Valerie Kor / EdgeProp Singapore | March 20, 2020 9:51 AM SGT The 2,497 sq ft unit at Elizabeth Heights was sold for $4.5 million ($1,802 psf) on March 9 (Photo: Samuel Isaac Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) – The sale of a unit at Elizabeth Heights located on Cairnhill Road made the top gain […]

The Cairnhill enclave: Where prices have outperformed the general luxury segment

By Alan Cheong,Savills Singapore/ EdgeProp Singapore|March 20, 2020 8:58 AM SGT SINGAPORE (EDGEPROP) – How does one describe Cairnhill? Is it an area that covers just roads or streets that begin with that name? Or is it larger than that, like an enclave? The dictionary defines the word “enclave” as an area that is different […]

Three-storey townhouse at The Windsor offered for $2.75 mil

By Timothy Tay/ EdgeProp Singapore|March 20, 2020 7:00 AM SGT SINGAPORE (EDGEPROP) – A three-storey townhouse in The Windsor — a freehold development on Ontario Avenue — will be auctioned by Knight Frank on March 27. The 2,497 sq ft, four-bedroom property has a guide price of $2.75 million, or about $1,101 psf on the […]

Covid-19 may amplify attractiveness of Singapore’s real estate market

By Cecilia Chow/ EdgeProp Singapore|March 20, 2020 8:08 AM SGT SINGAPORE (EDGEPROP) – The world is in turmoil with lockdowns and heightened travel restrictions. Things are likely to worsen in the short term, but Singapore’s handling of the outbreak makes it look like a ‘safe haven’ The rich are on the lookout to pick up […]

Prices for OLA EC to start from $976 psf

By Charlene Chin/ EdgeProp Singapore|March 19, 2020 1:41 PM SGT SINGAPORE (EDGEPROP) – Prices for the OLA executive condominium (EC) in Sengkang will start from $976 psf, developer Anchorvale announced on March 18.Online applicants will be able to view the show units on March 19 and 20 before bookings start on March 21.Prices for the […]

Private new home sales hit 975 units in February, rising 57% m-o-m

By Charlene Chin/ EdgeProp Singapore|March 19, 2020 2:20 PM SGT The bulk of sales volume in the month was contributed by The M in the CCR, which saw 380 units sold at a median price of $2,439 psf (Credit: Samuel Isaac Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) – Developers sold 975 private new homes in […]

Retailers adapt to survive Covid-19

By Charlene Chin/ EdgeProp Singapore|March 19, 2020 3:12 PM SGT Shoppers purchasing necessities in Seletar Mall on Feb 9 (Credit: Albert Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) – As the Malaysian government announced its countrywide lockdown on March 16, snaking queues quickly formed in Singapore’s grocery stores as shoppers snapped up goods for fear that […]

Two conservation shophouses at Haji Lane and Arab Street for sale at $8.5 mil

By Charlene Chin/ EdgeProp Singapore|March 12, 2020 3:24 PM SGT SINGAPORE (EDGEPROP) – A pair of shophouses at 56 Haji Lane and 87 Arab Street are up for sale at a guide price of $8.5 million.The shophouses have 2.5 storeys each, and are fully tenanted to retail tenants. The pair occupies a site of 1,078 […]

Purchases of adjoining units keeping luxe condo market abuzz

WED, MAR 11, 2020 – 5:50 AM KALPANA RASHIWALA [email protected] @KalpanaBT Singapore WHILE well-heeled mainland Chinese who flocked to Singapore last year to buy luxe condo units have been kept away by the Covid-19 outbreak, several big-ticket deals were sealed in the first two months of this year. These recent purchases were made by buyers […]

Duplex penthouse at freehold D’Ecosia offered for $2.5 mil

By Timothy Tay/ EdgeProp Singapore|March 13, 2020 7:00 AM SGT SINGAPORE (EDGEPROP) – A duplex penthouse at the D’Ecosia condominium in the East Coast will be offered at Edmund Tie’s property auction on March 25. The 2,293 sq ft, the three-bedroom unit has a guide price of $2.5 million, or about $1,090 psf on the […]

Dawson HDB flats cross million-dollar threshold soon after MOP

By Timothy Tay/ EdgeProp Singapore|March 13, 2020 7:30 AM SGT SINGAPORE (EDGEPROP) – More than 24,000 HDB flats will have reached the end of their Minimum Occupation Period (MOP) this year, and a few of these flats in prime locations have already changed hands for more than a million dollars on the resale market.Some of […]

How will Covid-19 outbreak impact the Singapore property market?

By Edmund Tie Research / EdgeProp Singapore | March 13, 2020 8:00 AM SGT SINGAPORE (EDGEPROP) – Even as authorities are doing their utmost to contain the spread of Covid-19 in a bid to restore public confidence and daily normalcy, the foremost question is: Can Covid-19 be contained as soon as practicable in accordance with […]

Mortgagee sale listings could hit new record in 2020

By Colliers International / EdgeProp Singapore | March 13, 2020 8:00 AM SGT Original Article: https://www.edgeprop.sg/property-news/mortgagee-sale-listings-could-hit-new-record-2020 SINGAPORE (EDGEPROP) – A larger number of properties were put up for multiple rounds of the auction last year, compared to 2018. The total number of listings (and relisting) across all sectors and all major auction houses totalled 1,458 […]

Real estate still attractive despite short-term turbulence

By Bruce Wan,head of Asia Real Assets Research,B;lackRock/ EdgeProp Singapore|March 13, 2020 9:00 AM SGT SINGAPORE (EDGEPROP) – The early part of 2020 is proving to be a little more eventful than usual, as the outbreak of the Covid-19 coronavirus drives widespread disruption to economic activity and investor confidence. Already, there is an obvious economic […]

Unit at Village Tower reaps $1.87 mil profit

By Valerie / EdgeProp Singapore | March 13, 2020 9:44 AM SGT A unit at Village Tower made the top gain of $1.87 million over the past week (Photo: Albert Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) – The seller of a unit at Village Tower located on Mount Sinai Rise made the top gain of $1.87 million […]

Commercial building in Joo Chiat for sale at $34 mil

By Charlene Chin/ EdgeProp Singapore|March 11, 2020 5:17 PM SGT JK Centre (Credit: JLL) SINGAPORE (EDGEPROP) – A freehold, corner, commercial building at Joo Chiat Road and Koon Seng Road is up for sale at a guide price of $34 million, or $1,627 psf on gross floor area (GFA), according to JLL, which is marketing […]

Wallich Residence penthouse sold at a record high

By Cecilia Chow / EdgeProp Singapore | March 6, 2020 1:21 PM SGT SINGAPORE (EDGEPROP) – With the sale of the fourth penthouse at Wallich Residence hitting an all-time high of $4,987 psf this January, GuocoLand is looking to set a new benchmark of $5,300 psf with the final penthouse now on the market. At […]

Veerasamy Road freehold conservation shophouse going for $5.08 mil

By Timothy Tay/ EdgeProp Singapore|March 6, 2020 10:30 AM SGT SINGAPORE (EDGEPROP) – A two-storey shophouse at 22 Veerasamy Road will go on the block at Edmund Tie’s auction on March 25. The freehold property is priced from $5.08 million and sits on a 1,951 sq ft plot. Thus, the guide price translates to about […]

Arcc Spaces to launch flagship space at One Marina Boulevard in April

By Charlene Chin/ EdgeProp Singapore|March 6, 2020 8:06 AM SGT View from Arcc Spaces One Marina Boulevard (Credit: Arcc Spaces) SINGAPORE (EDGEPROP) – Singapore-based co-working space operator Arcc Spaces is set to launch its flagship space at One Marina Boulevard in April. The new space will occupy 19,000 sq ft on the 20th floor of […]

Residential transactions with contracts dated Feb 18 to Feb 25 [DONE DEALS]

By EdgeProp Singapore / EdgeProp Singapore | March 6, 2020 8:00 AM SGT Original Article: https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-feb-18-feb-25-done-deals If you are looking to sell or purchase properties in Singapore, our team members can help you with Affordability Assessment and Asset Progression Plan. Call us now at +65 86666 944 or +65 9844 4400

Six-bedder at St Thomas Suites on sale for $10.3 mil

By Charlene Chin/ EdgeProp Singapore|March 6, 2020 7:58 AM SGT View from the master bedroom (Credit: Samuel Isaac Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) – A 4,672 sq ft, six-bedroom unit at St Thomas Suites along St Thomas Walk in District 9 is up for sale at $10.3 million ($2,204 psf). Located above the 30th […]

Unit at Dormer Park reaps $2.03 mil profit

By Valerie Kor / EdgeProp Singapore | March 6, 2020 10:12 AM SGT The seller of a resale unit at Dormer Park along Jervois Road made a 148% profit, or an annualised profit of 6% over nearly 17 years (Photo: Samuel Isaac Chua/EdgeProp) SINGAPORE (EDGEPROP) – The seller of a unit at Dormer Park located […]

Three URA residential site tenders close with lukewarm response from developers

By Charlene Chin/ EdgeProp Singapore|March 5, 2020 4:48 PM SGT Source: URASINGAPORE (EDGEPROP) – URA has closed tenders for three Government Land Sales (GLS) for two neighbouring residential sites at Canberra Drive (Parcels A and B) and Fernvale Lane on March 3. The top bids received for all sites were “conservative” and the participation “lukewarm”, […]

Three conservation shophouses and a terrace house for sale at $38.36 mil

By Charlene Chin/ EdgeProp Singapore|March 5, 2020 4:20 PM SGT SINGAPORE (EDGEPROP) – A portfolio of three conservation shophouses and a terrace house is up for sale for $38.36 million, according to Knight Frank Singapore, which is marketing the property. The four properties can either be purchased individually or as a portfolio. The three commercial […]

6 simple ways to know how much your house is worth

By Felicia Tan / EdgeProp Singapore | March 2, 2020 6:07 PM SGT Photo: Samuel Isaac Chua/EdgeProp Singapore Selling your house isn’t like selling your second-hand clothes on an online selling platform like Carousell, in view of the high price of a property which can constitute a big part of your salary or your savings even […]

Low-interest rates and high foreign capital bright spots in property capital markets: CBRE

By Valerie Kor / EdgeProp Singapore | March 2, 2020 4:45 PM SGT With lower yields, investors may either have to lower their return expectations or consider investing in alternative assets with higher risks, such as co-living, senior or student housing, or data centres (Photo: Samuel Issac Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) – Despite the sizeable […]

Retail sector hit by lower tourist arrivals but domestic spending remains resilient: CBRE

By Valerie Kor / EdgeProp Singapore | March 2, 2020 4:15 PM SGT Brick-and-mortar retail sector will struggle as consumers prefer to stay indoors due to virus fears, but supermarkets, convenient stores and medical goods will see higher demand (Photo: Albert Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) – For the retail sector, CBRE’s report “Real Estate Market […]

Singapore’s residential sector will be a buyer’s market in 2020: CBRE

By Valerie Kor / EdgeProp Singapore | March 2, 2020 4:10 PM SGT Chinese buyers are unlikely to feature in the short term but are expected to return in the middle to long term (Photo: Samuel Isaac Chua/EdgeProp Singapore) SINGAPORE (EDGEPROP) – Overall, CBRE expects Singapore’s property market to remain resilient despite macroeconomic headwinds. This […]

Tedge’s showflat draws 600 visitors over opening weekend

By Valerie Kor / EdgeProp Singapore | March 2, 2020 1:15 PM SGT SINGAPORE (EDGEPROP) – A portfolio of three conservation shophouses and a terrace house is up for sale for $38.36 million, according to Knight Frank Singapore, which is marketing the property. The four properties can either be purchased individually or as a portfolio. […]

Bukit Sembawang’s final phase of Luxus Hills fully sold

By Timothy Tay/ EdgeProp Singapore|March 1, 2020 2:25 PM SGT SINGAPORE (EDGEPROP) – Bukit Sembawang Estates has sold all 39 units in Contemporary Collection, the final phase of Luxus Hills. Average prices of intermediate terraced houses were from $3.35 million to $3.4 million, or $2,070 psf to $2,100 psf based on land area.”We have set […]

DC rates dip 0.2% for non-landed residential; unchanged for other sectors

By Cecilia Chow/ EdgeProp Singapore|February 29, 2020 3:58 AM SGT SINGAPORE (EDGEPROP) – On Feb 28, The Ministry of National Development (MND) revised development charge (DC) rates for the six-month period from Mar 1 to Aug 31. The DC rate is revised every six months. It is a tax levied by the government when planning […]

One-bedroom unit at Suites at Orchard going for $1.28 mil

By Timothy Tay/ EdgeProp Singapore|February 28, 2020 9:30 AM SGT SINGAPORE (EDGEPROP) – The owner of a 559 sq ft, a one-bedroom unit at Suites at Orchard has offered to sell the property at Knight Frank’s auction on March 27. The unit has an indicative price of $1.28 million which translates to $2,289 psf on […]

Rare Parbury Avenue bungalow for $14.5 mil

By Cecilia Chow/ EdgeProp Singapore|February 28, 2020 9:00 AM SGT SINGAPORE (EDGEPROP) – A black-and-white, single-storey bungalow sitting on a freehold site of over 12,000 sq ft at a landed estate off Upper East Coast has been put on the market. Will it be redeveloped or will the new owner retain the charm of the […]

TA Corp revenue up 47% in FY2019

By Valerie Kor / EdgeProp Singapore | February 28, 2020 4:10 PM SGT The Antares at Macpherson is one of TA Corporation’s ongoing developments, under a joint venture with Keong Hong Holdings and Hock Lian Seng Holdings. (Artist Impression: FSKH Development) SINGAPORE (EDGEPROP) – Property and construction group TA Corporation reported a 47% increase in […]

Two freehold six-storey buildings at South Bridge Road up for sale at $46 mil

By Valerie Kor / EdgeProp Singapore | February 28, 2020 4:02 PM SGT The pair of six-storey buildings on sale offer views of Marina Bay Sands Integrated Resort and Esplanade from the top floor. (Photo: SRI) SINGAPORE (EDGEPROP) – Two adjoining freehold six-storey buildings are up for sale at a guide price of $46 million, […]

Three-storey detached house in Dunearn Estate for $12.8 mil

By Cecilia Chow/ EdgeProp Singapore|February 28, 2020 10:00 AM SGT SINGAPORE (EDGEPROP) – Located just off Dunearn Road in the Bukit Timah area is Dunearn Estate, which includes Trevose Crescent, Kheam Hock Road, Narooma Road, Dalkeith Road and Harlyn Road. The exterior of the three-storey detached house with an attic, located on Harlyn Road at […]

13,100 sq ft strata office floor at Samsung Hub sold for $49.8 mil

By Valerie Kor / EdgeProp Singapore | February 28, 2020 4:00 PM SGT The per sq ft price is the highest for a single strata office floor within the CBD in the last five years. (Photo: CBRE) SINGAPORE (EDGEPROP) – CBRE has recently brokered the transaction of a strata office floor on the 11th storey […]

Unit at The Balmoral reaps $1.77 mil profit

By Charlene Chin/ EdgeProp Singapore|February 28, 2020 7:58 AM SGT The seller of a resale unit at The Balmoral made a 60% profit, or an annualised profit of 3% over almost 14 years (Credit: Albert Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) – The seller of a unit at The Balmoral, along Balmoral Park, made the […]

Singapore hotels: A legacy of resilience

By Mike Batchelor,CEO/ JLL Hotels & Hospitality Asia|February 28, 2020 4:32 PM SGT SINGAPORE (EDGEPROP) – Since January, the spread of the Covid-19 coronavirus has become a confronting reality for individuals, communities and businesses all across the globe. The unpredictable nature of the outbreak has also prompted a substantial realignment of personal and professional priorities, […]

Homely charm, quiet surroundings and plenty of space in a Sunset Way bungalow

By Timothy Tay/ EdgeProp Singapore|February 28, 2020 9:30 AM SGT SINGAPORE (EDGEPROP) – A bungalow in the landed housing estate along Sunset Way has been the family home for a Permanent Resident and his family for the past 10 years. But the house has recently been put on the market as the owner’s wife and […]

The Porcelain Hotel in Chinatown up for sale at $115 mil

By Valerie Kor / EdgeProp Singapore | February 27, 2020 4:10 PM SGT The four-storey Porcelain Hotel is up for sale under an Expression of Interest exercise that closes on 27 March. (Photo: The Porcelain Hotel) SINGAPORE (EDGEPROP) – The Porcelain Hotel in Chinatown is up for sale at a guide price of $115 million, […]

CDL’s profit rises 12.5% in 4Q2019 after bumper year of six residential project launches

By Valerie Kor / EdgeProp Singapore | February 27, 2020 9:35 AM SGT CDL executive chairman Kwek Leng Beng (right) and group CEO Sherman Kwek at the group’s 2019 results briefing on Feb 26 at M Hotel Singapore (Photo: City Developments Limited) SINGAPORE (EDGEPROP) – City Developments (CDL) rounded off 4Q2019 with a strong performance […]

Colliers outlines real estate opportunities by referencing trends during SARS outbreak

By Valerie Kor / EdgeProp Singapore | February 26, 2020 5:30 PM SGT Colliers recommends various property sectors to accelerate technology adoption. (Picture: Unsplash) SINGAPORE (EDGEPROP) – To assess how Singapore’s real estate markets will be impacted due to the ongoing virus outbreak, Colliers International’s new research report references market performance during the SARS outbreak […]

Ascendas Reit divests Changi South warehouse for $20.3 mil

By Timothy Tay|February 24, 2020 7:51 PM SGT SINGAPORE (EDGEPROP) – Ascendas Real Estate Investment Trust (Ascendas Reit) has entered into a sale and purchase agreement to divest its warehouse property at 25 Changi South Street 1 for $20.3 million. According to Ascendas Funds Management (S), the manager of Ascendas Reit, the buyer is convenience […]

The M moves past virus worries with 70% of units sold

By Valerie Kor / EdgeProp Singapore | March 6, 2020 10:12 AM SGT SINGAPORE (EDGEPROP) – Wing Tai Asia announced that more than 360 units (70%) of the 522-unit condominium project, The M on Middle Road, were sold over the weekend of Feb 22-23. The average price achieved for units sold was $2,450 psf. More […]

Unit at Watermark Robertson Quay reaps $1.47 mil profit

By Charlene Chin/ EdgeProp Singapore|February 21, 2020 7:58 AM SGT The seller of a unit at Watermark Robertson Quay, on Rodyk Street, made the top gain over the week of Feb 4 to 11 (Credit: Samuel Isaac Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) – The seller of a unit at Watermark Robertson Quay, on Rodyk […]

Residential transactions with contracts dated Feb 4 to Feb 11 [DONE DEALS]

By EdgeProp Singapore / EdgeProp Singapore | February 21, 2020 8:00 AM SGT Original Article: https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-feb-4-feb-11-done-deals If you are looking to sell or purchase properties in Singapore, our team members can help you with Affordability Assessment and Asset Progression Plan. Call us now at +65 86666 944 or +65 9844 4400

Another push for Industry 4.0 amid coronavirus outbreak

By Dennis Yeo and Brenda Ong / Cushman & Wakefield | February 21, 2020 2:10 PM SGT Following the outbreak of the coronavirus, supply chains have undergone tremendous pressure. Recent reports document how the distribution of goods has been disrupted by factories in China shutting down on a massive scale and transport links being cut […]

Four-bedroom unit at The Grange to be auctioned in sheriff’s sale

By Timothy Tay/ EdgeProp Singapore|February 21, 2020 11:30 AM SGT SINGAPORE (EDGEPROP) – A 2,293 sq ft, four-bedroom unit at The Grange – in prime District 10 – will be put on the block by Colliers International on Feb 27. The freehold property will be sold in a sheriff’s sale. This means the property has […]

The Avenir: Defining luxury in River Valley

By Cecilia Chow/ EdgeProp Singapore|February 21, 2020 10:00 AM SGT SINGAPORE (EDGEPROP) – The high-end condominium in prime District 9 made a splash at the start of the year. While sales may have slowed due to the Covid-19 outbreak, the developer is looking beyond the short term. Scale model of the twin 36-storey towers of […]

Survey: Property seekers still keen despite COVID-19

By Felicia Tan / EdgeProp Singapore | February 21, 2020 9:28 PM SG Cover image: EdgeProp Singapore SINGAPORE (EDGEPROP) Feb 21 — Property seekers in Singapore are still open to buying property despite the COVID-19 outbreak. Of the 177 respondents to EdgeProp’s Property Ownership Survey in response to the coronavirus conducted on Feb 7, 2020, […]

Five terrace houses on Burghley Drive to launch from $3.48 mil each

By Timothy Tay / EdgeProp Singapore|February 20, 2020 9:00 AM SGT SINGAPORE (EDGEPROP) – A row of five terrace houses on Burghley Drive will launch for sale on Feb 21. The freehold properties are jointly developed by boutique developers FiveK Projects and Xinsha Land.The four-bedroom terrace houses are in a two-storey mixed landed housing estate […]

Long-term property investor sentiment positive amid virus outbreak

By Timothy Tay/ EdgeProp Singapore|February 19, 2020 9:15 PM SGT SINGAPORE (EDGEPROP) – Despite macroeconomic challenges and the highly unpredictable nature of the coronavirus outbreak, longer-term investor sentiment remains “extremely positive”, says Stuart Crow, CEO of capital markets in the Asia Pacific at JLL. “We foresee investor strategies becoming more selective and further diversification into […]

Centra Group launches freehold bungalows in Bukit Timah and Holland Grove

By Timothy Tay/ EdgeProp Singapore|February 19, 2020 8:58 PM SGT SINGAPORE (EDGEPROP) – Local property developer Centra Group has launched four freehold detached houses for sale from $11 million each. Each bungalow comes with a home lift, a 15m swimming pool, solar energy panels, and six en suite bedrooms. The properties are already completed and […]

Freehold shophouse in Joo Chiat for sale at $4.5 mil

By Timothy Tay/ EdgeProp Singapore|February 18, 2020 4:22 PM SGT SINGAPORE (EDGEPROP) – A freehold shophouse at 452 Joo Chiat Road is available for $4.5 million, which translates to $2,140 psf on the existing built-up area of 2,100 sq ft. The property will be sold in an expression of interest (EOI) exercise, announced CBRE, the […]

Singapore real estate investment up 26% y-o-y in 2019 to record US$9.6 bil

By Timothy Tay/ EdgeProp Singapore|February 17, 2020 4:31 PM SGT SINGAPORE (EDGEPROP) – A series of big-ticket office deals by global investors drove up the total investment volume in Singapore to a record high of US$9.6 billion ($13.34 billion) in 2019, an increase of 26% y-o-y, according to Real Capital Analytics (RCA).According to David Green-Morgan, […]

January new home sales up 14.9% before local coronavirus outbreak

By Timothy Tay/ EdgeProp Singapore|February 17, 2020 5:19 PM SGT SINGAPORE (EDGEPROP) – A total of 618 new private residential units (excluding executive condominiums or ECs) were sold last month. This is an increase of 14.9% m-o-m compared to 538 units sold in December last year, and up 41.4% y-o-y, according to the latest statistics […]

About 3,200 visitors turn up for OLA’s carnival-like public preview

By Cecilia Chow/ EdgeProp Singapore|February 17, 2020 3:14 PM SGT SINGAPORE (EDGEPROP) – Coronavirus concerns did not deter families from attending the public preview of OLA, the 548-unit executive condo (EC) located at Anchorvale Crescent in Sengkang. About 3,200 people visited the OLA sales gallery over the weekend of February 15-16. Crowd at Ola sales gallery over […]

IOB Building on Cecil Street for sale from $1,800 psf ppr

By Timothy Tay/ EdgeProp Singapore|February 17, 2020 5:24 PM SGT SINGAPORE (EDGEPROP) – The IOB Building at 64 Cecil Street is on the market from $1,800 psf per plot ratio (ppr), announced marketing agent Knight Frank Singapore. Located at the junction of Cecil Street and Cross Street, IOB Building is a six-storey office development with […]

Hoi Hup-Sunway sell 316 units at Parc Canberra by online balloting

By Cecilia Chow/ EdgeProp Singapore|February 16, 2020 9:57 PM SGT SINGAPORE (EDGEPROP) Feb 16, 2020 – Joint venture companies, Hoi Hup Realty and Sunway Developments, announced that 316 out of a total of 496 units in Parc Canberra executive condo (EC) have been sold over the weekend. This translates to a 64% take up rate. […]

Tech firms drive up premium office rents in Singapore

By Timothy Tay/ EdgeProp Singapore|February 14, 2020 4:39 PM SGT SINGAPORE (EDGEPROP) – Premium office occupancy costs in Singapore have been ranked as the 14th most expensive in the world, with net effective rents and occupancy costs running at about US$117 ($162.73) per year psf (py/psf), or just over half the premium rents in Hong […]

Resale unit at Camelot By-The-Water reaps $1 mil profit

By Charlene Chin/ EdgeProp Singapore|February 14, 2020 7:58 AM SGT The seller of a unit at Camelot By-The-Water, on Tanjong Rhu Road, made the top gain over the week of Jan 28 to Feb 4 (Credit: Albert Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) – The seller of a unit at Camelot By-The-Water, on Tanjong Rhu […]

Aberdeen Standard Investments acquires Peck Seah Street shophouses for $54 mil

By Timothy Tay/ EdgeProp Singapore|February 12, 2020 9:15 PM SGT SINGAPORE (EDGEPROP) – Aberdeen Standard Investments (ASI) has acquired a row of six adjoining shophouses along 48 to 56 Peck Seah Street for $54 million, or about $2,700 psf, in a deal concluded by JLL.This is ASI’s first acquisition in Singapore for its global real […]

Freehold shophouses in Upper Thomson going for $22.88 mil

By Timothy Tay / EdgeProp Singapore|February 12, 2020 9:30 PM SGT SINGAPORE (EDGEPROP) – Three shophouses at 7, 9, and 11 Jasmine Road, along with an adjacent plot of vacant land, are available for $22.88 million. The guide price translates to $1,185 psf and includes an estimated development charge based on the proposed gross floor […]

Three strata offices at Fu Lu Shou Complex for sale at $1,400 psf

By Timothy Tay/ EdgeProp Singapore|February 11, 2020 4:22 PM SGT SINGAPORE (EDGEPROP) – Three strata office units at Fu Lu Shou Complex have been launched for sale by Expression of Interest exercise at $1,400 psf, which works out to a price tag of about $7.2 million, announced CBRE, the sole marketing agent.Fu Lu Shou Complex […]

HDB launches 3,095 flats in February 2020 BTO exercise

By Timothy Tay/ EdgeProp Singapore|February 11, 2020 3:47 PM SGT SINGAPORE (EDGEPROP) – HDB has launched 3,095 flats for sale under its February 2020 Build-To-Order (BTO) exercise. Two new projects are in Toa Payoh, while one is in Sembawang.Located at the junction of Lorong 1 Toa Payoh and Toa Payoh Rise, the 920-unit Toa Payoh […]

Market sniffs from coronavirus; tweaks to cooling measures urged

By Cecilia Chow/ EdgeProp Singapore|February 7, 2020 2:34 PM SGT SINGAPORE (EDGEPROP) – The combination of travel restrictions and dearth of Chinese buyers is affecting demand for luxury properties in the prime districts. Most property developers are going ahead with their previews and launches but sentiments are more subdued, leading to calls for some property […]

Unit at Elizabeth Heights reaps $2.47 mil profit

By Charlene Chin/ EdgeProp Singapore|February 7, 2020 8:06 AM SGT The second top gain made over the week – a 131% profit – was at Elizabeth Heights, on Cairnhill Road (Credit: Samuel Isaac Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) – The seller of a unit at The Imperial, on Jalan Rumbia, made the top gain […]

Four-bedroom unit at Gramercy Park for sale at $8.5 mil

By Cecilia Chow/ EdgeProp Singapore|February 7, 2020 3:19 PM SGT SINGAPORE (EDGEPROP) – Despite being fully sold, the 174-unit, freehold condo Gramercy Park remains a much sought-after address. Located along Grange Road, the high-end project was developed by listed property giant City Developments (CDL) and completed in 2016. Gramercy Park was designed by the late […]

Is QC exemption balm enough to soothe the coronavirus-bruised property market?

By Cecilia Chow/ EdgeProp Singapore|February 7, 2020 1:35 AM SGT SINGAPORE (EDGEPROP) – On Feb 6, Singapore-listed property groups such as CapitaLand, City Developments (CDL) and UOL Group, as well as the Real Estate Developers Association of Singapore (Redas), welcomed the move by the government to exempt public-listed housing developers with substantial stakes in Singapore […]

Waterway-facing unit at Corals at Keppel Bay priced from $2.18 mil

By Timothy Tay/ EdgeProp Singapore|February 7, 2020 5:00 PM SGT SINGAPORE (EDGEPROP) – A 1,248 sq ft, three-bedroom unit at Corals at Keppel Bay will be offered for sale at Knight Frank’s property auction on Feb 18. The property will be up for auction with an indicative price from $2.18 million, which translates to about […]

Family trustees put Tanjong Katong shophouses for sale at $13 mil

By Timothy Tay/ EdgeProp Singapore|February 5, 2020 8:27 PM SGT SINGAPORE (EDGEPROP) – Two adjoining freehold shophouses at 297 and 299 Tanjong Katong Road are on the market for $13 million, announced Showsuite Consultancy, the property firm managing the sale. The price translates to $1,127 psf on the existing gross floor area. Located within the […]

Two-storey commercial podium at The Rise @ Oxley going for $62.5 mil

By Timothy Tay/ EdgeProp Singapore|February 5, 2020 5:07 PM SGT SINGAPORE (EDGEPROP) – A two-storey commercial podium at The Rise @ Oxley is on the market for $62.5 million. This translates to about $3,800 psf on the strata area. The sale will be conducted through an Expression of Interest (EOI) exercise and managed by the […]

Eleven commercial units at Balestier Point for sale at $68 mil

By Timothy Tay/ EdgeProp Singapore|February 5, 2020 4:53 PM SGT SINGAPORE (EDGEPROP) – Eleven commercial units in Balestier Point are available for sale collectively or on an individual basis, announced marketing agent Savills Singapore. The entire portfolio of freehold units comes with an indicative price of $68 million, or $1.22 million for the smallest-sized unit, […]

Two freehold shophouses off Serangoon Road going for $6.6 mil

By Timothy Tay/ EdgeProp Singapore|February 4, 2020 5:23 PM SGT SINGAPORE (EDGEPROP) – A pair of shophouses at 24 and 26 Moonstone Lane have been offered for sale as a bundle by Expression of Interest, announced CBRE, the sole marketing agent for the sale. The freehold properties have an indicative pricing of $6.6 million. This […]

Singapore home prices expected to grow 3% in 2020: Colliers

By Charlene Chin/ EdgeProp Singapore|January 30, 2020 4:28 PM SGT Source: Colliers SINGAPORE (EDGEPROP) – Private residential prices in Singapore grew 2.5% in 2019, despite cooling measures imposed by the government in late 2018 and amid a subdued economy, and are forecast to grow 3% in 2020, according to research by Colliers International. The “record […]

Corner shophouse on Upper Weld Road for sale at $7.5 mi

By Cecilia Chow/ EdgeProp Singapore|January 28, 2020 4:43 PM SGT SINGAPORE (EDGEPROP) – In the Little India Conservation Area, a corner shophouse at 60 Upper Weld Road is now available for sale. Pearly Tan, associate marketing director of PropNex Realty and Ken Shi, key executive officer of Prop-Today. The corner shophouse on Upper Weld Road […]

Mortgagee sale listings in 2019 increase by 61%

By EdgeProp Singapore / EdgeProp Singapore | January 24, 2020 8:01 AM SGT SINGAPORE (EDGEPROP) – The number of mortgagee sale listings in Singapore has seen a 61.1% jump y-o-y, from 391 in 2018 to 630 in 2019, boosted by more listings from the industrial, retail and residential segments. These findings were released in a […]

Glimmers of hope in the retail sector?

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 11:53 PM SGT SINGAPORE (EDGEPROP) – URA’s statistics showed retail rents continued to improve in 4Q2019. Retail rents in the Central Region were 2.3% higher q-o-q, showing the same pace of growth as the previous quarter. For the full year 2019, retail rents for the Central Region were […]

Central Region office rents down 3.2% q-o-q in 4Q2019; overall decline of 3.1% for whole year

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 11:37 PM SGT SINGAPORE (EDGEPROP) – In 4Q2019, the office rental index in the Central Region registered a decrease of 3.2% q-o-q. This rental decline was steeper than the -0.6% q-o-q in 3Q2019, notes Desmond Sim, CBRE head of research for Southeast Asia. This brings the total office […]

Conservation shophouse on Teo Hong Road on the market for $15 mil

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 6:10 PM SGT A 3 ½ storey conservation shophouse on Teo Hong Road in the Bukit Pasoh Conservation Area is on the market for sale. The 3 1/2 storey conservation shophouse at 21 Teo Hong Road in the Bukit Pasoh Conservation Area has a floor area of 5,000 […]

HDB market stages price turnaround in 4Q2019, climbing 0.5%

By Timothy Tay/ EdgeProp Singapore|January 23, 2020 5:26 PM SGT SINGAPORE (EDGEPROP) – HDB resale transactions rose 1.2% q-o-q in 4Q2019, from 6,264 transactions in the previous quarter to 6,339 transactions in 3Q2019. Compared to the same period a year ago, resale transactions last quarter are also 12.5% higher y-o-y.Last year also saw a recorded […]

Private property prices climb 2.7% in 2019

By Timothy Tay/ EdgeProp Singapore|January 23, 2020 2:23 PM SGT The URA has released its property market statistics for 4Q2019. It reported that the overall price index of private residential properties increased by 0.5% q-o-q, compared to the 1.3% increase in the previous quarter. For the whole of 2019, prices of private residential properties increased […]

Conservation shophouse at Amoy Street for sale from $9 mil

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 6:16 PM SGT SINGAPORE (EDGEPROP) – A 2½ storey conservation shophouse at 52 Amoy Street has been put up for sale by expressions of interest (EOI). The 999-year leasehold property sits on a site area of 952 sq ft and has a floor area of 2,255 sq ft. […]

Unit at The Jade sold for $712,880 profit

By Timothy Tay/ EdgeProp Singapore|January 17, 2020 11:40 AM SGT SINGAPORE (EDGEPROP) – The resale market began the year with profitable transactions at The Jade, a 99-year leasehold development on Bukit Batok Central Link, and Hillview Green, a 999-year development off Upper Bukit Timah.The most profitable transaction during the week of Dec 31 to Jan […]

Detached house along Lily Avenue for sale at $8.9 mil

By Charlene Chin/ EdgeProp Singapore|January 17, 2020 11:38 AM SGT The freehold detached home comprises five bedrooms, a study room, a utility room and a swimming pool (Credit: Edmund Tie) A 2 1/2 storey freehold detached home along Lily Avenue, off Sixth Avenue and Bukit Timah Road in District 10, will be put up for […]

Wing Fong Court in Geylang launches $108 mil collective sale

By Timothy Tay/ EdgeProp Singapore|January 17, 2020 3:37 PM SGT SINGAPORE (EDGEPROP) – The owners of Wing Fong Court at 10 Lorong 14 Geylang have launched the collective sales tender for the freehold development, announced marketing agent PropNex Realty. The reserve price of the 88-unit Wing Fong Court is $108 million. This translates into a […]

Grade-A office rents to climb for fourth straight year: Colliers

By Timothy Tay/ EdgeProp Singapore|January 16, 2020 5:00 PM SGT SINGAPORE (EDGEPROP) – Colliers International released its quarterly office market report for 4Q2019, which stated that Singapore CBD Grade- A office rents climbed by 7% y-o-y for the whole of 2019. This followed a 15% growth rate posted in 2018, as well as a 2.3% […]

New home sales in 2019 jump 15.6% as developers sell 10,164 new units

By Timothy Tay/ EdgeProp Singapore|January 16, 2020 3:00 PM SGT SINGAPORE (EDGEPROP) – Based on the latest statistics from the URA released on Jan 15, developers are estimated to have sold close to 10,164 private housing units (excluding executive condos or ECs) for the full year in 2019. This translates to an increase of 15.6% […]

Portfolio of shophouses on Mosque Street-Pagoda Street for sale at $141 mil

By Timothy Tay/ EdgeProp Singapore|January 16, 2020 2:05 PM SGT SINGAPORE (EDGEPROP) – Savills Singapore has been appointed the sole marketing agent for the sale of a portfolio of shophouses in Chinatown. The portfolio features adjoining shophouses at 42-45 Mosque Street and 54/56 Pagoda Street. The shophouses on Mosque Street are four-storey conserved properties with […]

Buyers snap up 10 units at Van Holland on opening weekend of sales

By Cecilia Chow/ EdgeProp Singapore|January 14, 2020 2:03 AM SGT SINGAPORE (EDGEPROP) – Over the weekend of Jan 11-12, Koh Brothers sold 10 out of a total of 69 units in its luxury, freehold project Van Holland. The condominium is a redevelopment of the former Toho Mansion and is located just across the road from […]

Entity linked to Chinese investor buys Casa Sophia en bloc for $29 mil

By Cecilia Chow/ EdgeProp Singapore|January 14, 2020 4:19 AM SGT SINGAPORE (EDGEPROP) – The owners of the 12-unit Casa Sophia have collectively sold their apartment block for $29 million in a private treaty deal, according to a caveat lodged with URA Realis on Boxing Day (Dec 26) of 2019. The 12-unit Casa Sophia sits on […]

Hong Leong sells 20 units at The Avenir on launch weekend

By Cecilia Chow/ EdgeProp Singapore|January 12, 2020 9:09 PM SGT SINGAPORE (EDGEPROP) – The Avenir, one of the first new project launches of 2020, sold 20 out of 40 units released over the weekend of Jan 11-12, according to Hong Leong Holdings in a release at 6pm on Sunday, Jan 12. Crowd at The Avenir […]

Jean Yip’s hair-raising foray into property development

By Cecilia Chow/ EdgeProp Singapore|January 10, 2020 10:00 AM SGT SINGAPORE (EDGEPROP) – The beauty mogul’s childhood passion for lifestyle ventures into beauty, haircare, interior design, and property investment and development has blossomed over the past three decades. She is now tackling the overseas property market. Jean Yip with (from left) son-in-law Roy Fong, husband […]

How resilient is the demand for high-end condos?

By Cecilia Chow/ EdgeProp Singapore|January 10, 2020 8:58 AM SGT SINGAPORE (EDGEPROP) – On Jan 3, just two days after ringing in the New Year, potential buyers thronged the preview of three prime, freehold projects in Districts 9 and 10. Crowd at Leedon Green preview on Jan 3 (Photo: MCL Land-Yanlord Land)These were the 69-unit […]

Parc Rosewood unit up for auction at $1.08 mil

By Charlene Chin/ EdgeProp Singapore|January 10, 2020 8:00 AM SGT Parc Rosewood (Credit: Samuel Isaac Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) – A 1,335 sq ft, two-bedroom penthouse unit at Parc Rosewood, along Rosewood Drive in Woodlands, will be put up for auction on Jan 21 at a guide price of $1.08 million ($809 psf), […]

Beverly Hill unit makes $4.5 mil profit

By Timothy Tay/ EdgeProp Singapore|January 10, 2020 11:00 AM SGT SINGAPORE (EDGEPROP) – Capping off 2019, the most profitable deal during the two weeks of Dec 17 to 31 occurred at the Beverly Hill condominium on Grange Road. A 3,778 sq ft, four-bedroom unit on the eighth floor changed hands for $7.7 million ($2,038 psf) […]

CDL submits $583.9 mil top bid for River Valley GLS site; Wee Hur’s $93.4 mil bid highest for Bartley site

By Timothy Tay/ EdgeProp Singapore|January 9, 2020 9:20 PM SGT The URA closed two government land tenders on Thursday – for a residential site at Irwell Bank Road, off River Valley Road, as well as a residential site at Jalan Bunga Rampai in the Bartley area. The URA will announce its decision on the award […]

Singapore ranks third in global survey for real estate demand

By Charlene Chin/ EdgeProp Singapore|January 9, 2020 2:57 PM SGT Singapore (pictured) trails London and New York as prime real estate cities of the world (Image from Shutterstock) SINGAPORE (EDGEPROP) – Singapore has been ranked as one of the top three prime real estate cities in the world, which boast strong demand from tenants, owners […]

Eleven retail shops in Sim Lim Square for sale at $22 mil

By Charlene Chin/ EdgeProp Singapore|January 8, 2020 3:15 PM SGT Sim Lim Square (Credit: Knight Frank Singapore) SINGAPORE (EDGEPROP) – A portfolio of 11 retail shops in Sim Lim Square is up for sale at the price of $22 million. The retail shops are prime, central podium-facing units on the fifth floor of the development, […]

Two conservation shophouses along Tras Street for sale

By Charlene Chin/ EdgeProp Singapore|January 8, 2020 2:21 PM SGT Both shophouses are 260m from Tanjong Pagar MRT station, and are currently leased to f&b operators on the ground floor and SOHO users on the upper floors (Credit: CBRE) SINGAPORE (EDGEPROP) – Two 3-storey conservation shophouses along Tras Street are up for sale, at guide […]

Green Court at Geylang Road launched for collective sale

By Charlene Chin/ EdgeProp Singapore|January 8, 2020 2:15 PM SGT Green Court (Credit: Knight Frank Singapore) SINGAPORE (EDGEPROP) – The owners of Green Court, located along Geylang Road, have put up the freehold development for collective sale at the reserve price of $28 million, or $1,178 psf per plot ratio (ppr).Green Court is a freehold, […]

HDB resale price index rises for second consecutive quarter in 4Q2019

By Cecilia Chow/ EdgeProp Singapore|January 2, 2020 11:43 PM SGT SINGAPORE (EDGEPROP) – The rise in suburban property prices is reflected in the HDB resale price index, which increased 0.4% q-o-q, according to latest flash estimates for 4Q2019. This was slightly higher compared to the 0.1% q-o-q increase in 3Q2019, demonstrating that “price recovery in […]

Private property price index up 0.3% in 4Q2019; projected to rise 2.5% for the full year

By Cecilia Chow/ EdgeProp Singapore|January 2, 2020 11:56 PM SGT SINGAPORE (EDGEPROP) – The flash estimate for 4Q2019 released by the URA showed a slower pace of growth in the overall private residential property price index: 0.3% q-o-q in 4Q2019 compared to 1.3% in 3Q2019. The launch momentum in the CCR picked up in 4Q2019 […]

Piermont Grand e-application to begin for launch in 2019

For eligible Executive Condominium (EC) buyers, applications for Piermont Grand, the highly anticipated first EC launch of the year, will start from Friday 12 July – Monday 22 July 2019. Luxurious waterfront Executive Condominium overlooks My [email protected] A three-minute walk to Sumang and Nibong LRT stations which are connected to Punggol MRT station and bus interchange Near [...]

Two exclusive Good Class Bungalows up for sale at $42m each

Edmund Tie & Company (ET&Co), the exclusive sole marketing agent for the two exclusive Good Class Bungalows (GCB), said that it is pleased to offer 5 Bin Tong Park in District 10 and 22A King Albert Park in District 21, up for sale via Expression of Interest (EOI). Image credit: ET&Co 5 Bin Tong Park (D10) [...]

Beauty World Plaza en bloc sale relaunched with unchanged price tag of $165m

Knight Frank Singapore today announced the relaunch of the sale of Beauty World Plaza en bloc sale by tender. Beauty World Plaza located in District 21, is a mixed commercial and residential development comprising a single block with 61 retail units and 30 residential units, with a site area of 2,305.6 sqm (approx. 24,817 sq [...]

Only six super penthouse transactions took place in Singapore in last 13 years

For a small city-state like Singapore, the stock of super penthouses is limited, said new research by List Sotheby’s International Realty (List SIR). Those that are in exclusive and prestigious developments within prime locations are highly sought after, it added. Transactions of super penthouses in Singapore were far and few between, but growing, the research [...]

Prime homes demand lead property sales jump in May

Prime homes demand saw property sales jumping by 30% last month. Data released by the Urban Redevelopment Authority of Singapore (URA) showed that a total of 952 private homes were sold in May, up from 735 in April. Including May’s numbers, a total of 3,525 units have been sold year-to-date, out of 4,827 units launched [...]

Full floor plate at Springleaf Tower for sale at $27.2 million

List Sotheby’s International Realty (List SIR) announced that a full floor plate at Springleaf Tower is up for sale at $27.2 million. The 9,870 sq ft prime office space is on a high floor at the 21st floor with an obstructed sea view. Image credit: List SIR – The full floor plate at the skyscraper may [...]

Rivière draws praise from Frasers’ tenants

Rivière draws praise from Frasers’ retail and commercial tenants Following the success of Frasers Property Singapore’s inaugural tenant mixer at Seaside Residences, it organised its second exclusive tenant event at Rivière. The tenant-only private preview of the highly-anticipated Rivière, which took place on Tuesday, 28 May, ended on a high note. Frasers’ retail and commercial tenants [...]

2H2019 GLS to yield 6,430 private residential units

2H2019 GLS to yield 6,430 private residential units, 92,000 sqm gross floor area (GFA) of commercial space and 1,100 hotel rooms The Government today (June 6) announced the second half 2019 (2H2019) Government Land Sales (GLS) Programme, which comprises five Confirmed List sites and eight Reserve List sites. These sites can yield about 6,430 private residential [...]

Jalan Besar property sold for almost $10m below indicative price

2 Cavan Road, a 20,100 square feet Jalan Besar property, was bought by a unit of Kheng Leong Company for $38.71 million. When the Jalan Besar property was put up for sale in March, it had an indicative price of $47.4 million. The buyer of the Jalan Besar property plans to turn it into apartments, with commercial units [...]

Two freehold commercial shophouses launched for sale

CBRE today (June 12) launched the sale of two freehold commercial shophouses, separately located at 148 Neil Road and 114 Jalan Besar, via Expression of Interest. Under the 2019 Draft Master Plan, the two freehold commercial shophouses are zoned ‘Commercial’ and there will be no Additional Buyers’ Stamp Duty or Sellers’ Stamp Duty imposed on local [...]

CapitaLand to divest three malls in China for S$589 million

CapitaLand on June 11 announced that its subsidiary and associated companies have entered into an agreement with CapitaLand Retail China Trust (CRCT) to divest their interests in three companies that hold three malls in China – CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin and CapitaMall Yuhuating in Changsha. Image credit: Capitaland The divestment of the [...]

Singapore will not take a hands-off attitude to property cycle

The Singapore Government will not take a hands-off attitude to the property cycle and allow bubbles to develop. The Minister for National Development, Mr Lawrence Wong, said this at the Institute of Real Estate and Urban Studies (IREUS) Conference on ‘Real Estate and Urban Studies’ on May 24. “Basically, we have concluded that the government cannot take [...]

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 [...]

Luxurious Amber Park launches this weekend

City Developments Limited (CDL) and its joint venture partner, Hong Realty (Private) Limited, announced on May 2nd that it will launch luxurious Amber Park on Saturday, 4 May 2019, following the opening of its sales gallery for viewing on 27 April 2019. The freehold 592-unit condominium has a strategic location in the exclusive Amber Road enclave within the [...]

Sloane Residences: A Lovely Home with a Rich Heritage

Sloane Residences (previously Sloane Court Hotel) in an upcoming new property launch located along 17 Balmoral in the prime District 10. Tiong Seng Holdings and Ocean Sky International, in a joint venture, bought the site area at a cost of S$80.5 million. The condo is on a FREEHOLD tenure, something that presents even greater value [...]

Parc Clematis: Comfort, Luxury And Convenience At Their Best

Parc Clematis is a new up and coming residential development by SingHaiyi Group that’s located at the heart of Clementi. The 99-year old leasehold condo replaces the former Park West Enbloc, which was successfully sold to the developer at a cost of $840.89 million. The condo project is expected to yield a total of 1,500 [...]

Haus on Handy: A Dreamy Home in an Upscale Setting

Haus on Handy is a brand new property launch that is coming up at Handy Road, off Orchard Road in the highly sought-after District 9. Part of the land, as purchased by developer CDL Development under its subsidiary CDL Regulus, houses a conservation building, which will be converted into a clubhouse. Haus on Handy will [...]

Riviere: Luxury Living On a Charming Waterfront

Riviere is an exciting up and coming residential development situated along Jiak Kim Street at the heart of Robertson Quay. Brought to you Singapore’s renowned develop Frasers Property; the development will include a mix of several residential units, serviced apartments and a couple of conservation warehouses. Riviere brings together century-old timeless design and iconic modern [...]

Queensway Shopping Centre getting being geared-up for en bloc sale

Queensway Shopping Centre and its adjoining apartment, Queensway Tower, have started the process for en bloc sale. Berita Harian which reported on the en bloc attempt of Queensway Shopping Centre and Queensway Tower noted that the en bloc sales process was started after the property cooling measures introduced by the Government in July last year. Many en [...]

Retail property market still trying to find its footing

Referring to the recently released statistics by the Urban Redevelopment Authority (URA), JLL said that the retail property market is still trying to find its footing. JLL said that both the rent and price indices of retail space in the Central Region returned to the contractionary mode following 4Q18’s expansions. Image credit: Wikimedia Commons JLL [...]

Singapore industrial a picture of cautious optimism

The Singapore industrial is a picture of stability with cautious optimism ahead for 2019, said a JLL commentary on the JTC All Industrial Rental Index in Q1 2019. The report said that the Singapore industrial property market starting the year on a positive note as net absorption of industrial space improved quarter-on-quarter and year-on-year. Tay Huey Ying, [...]

Sim Lim Square owners seeks $1.25 billion in en bloc sale

Sim Lim Square owners on April 29 put up the property for collective sale via public tender with a reserve price of $1.25 billion. Sim Lim Square owners each stand to receive between $488,000 and $67.5 million if the sale is successful, said marketing agent SLP Scotia. More than 80 per cent of the 423 owners consented [...]

Rare freehold ‘stand-alone’ commercial property approved for childcare use along Serangoon Road up for sale

JLL, as the exclusive marketing agent for the ‘stand-alone’ commercial property, is inviting offers through an Expression of Interest (EOI) exercise for the purchase of 1 Jalan Taman, St Michael’s Place – Commercial Block – located near to Boon Keng MRT station. This ‘stand-alone’ commercial property is well-positioned to capture the growth and strength of [...]

Central Region office rents post first correction since 3Q 2017

The Central Region office rents posted its first correction since turning around in 3Q17. showed the Urban Redevelopment Authority (URA) statistics. JLL commenting on this price correction in the Central Region office rents said the government data runs contrary to JLL’s observation of “rent growth accelerating in 1Q19 across almost all submarkets tracked.” Specifically, JLL’s research showed [...]

Industrial space shows signs of stabilisation, JTC Q1 report

The Singapore industrial is a picture of stability with cautious optimism ahead for 2019, said a JLL commentary on the JTC All Industrial Rental Index in Q1 2019. The report said that the Singapore industrial property market starting the year on a positive note as net absorption of industrial space improved quarter-on-quarter and year-on-year. Tay Huey Ying, [...]

Private home price decline gained momentum in Q1 2019

Private home price decline gained momentum in Q1 2019 by dropping 0.7 per cent, following a 0.1 per cent decrease in the fourth quarter showed the Urban Redevelopment Authority (URA) statistics. The private home price decline was steeper than the 0.6 per cent decrease in URA’s flash estimate released earlier this month. Private home price decline gained [...]

Two industrial properties at 3rd Chin Bee Road up for sale at $9m

JLL said on April 23 that it is pleased to launch for sale by Expression of Interest, 9 and 11 Third Chin Bee Road – two “Business 2” industrial properties in the established industrial estate of Chin Bee. Image credit: JLL The industrial properties consist of two buildings containing warehousing, production and office spaces, interlinked by [...]

Three adjoining office units in Peninsula Plaza up for sale

CBRE announced on April 24 that it is launching three adjoining office units at Peninsula Plaza for sale via an Expression of Interest exercise. Located on the 12th storey, the area of each unit ranges from 1,001 square feet to 1,776 square feet and totals to a combined area of 4,262 square feet. The three [...]

Funan obtains Temporary Occupation Permit as it gears up for opening in 2Q 2019

Singapore’s new-gen integrated development Funan has successfully obtained its Temporary Occupation Permit (TOP). This milestone puts Funan a step closer to opening its retail and office components in 2Q 2019, as announced last September. Funan is owned by CapitaLand Mall Trust (CMT) and managed by CapitaLand. From groundbreaking to completion, the construction of Funan took [...]

Le Arc Apartment up for collective sale again with reduced reserve price

Queensway Shopping Centre and its adjoining apartment, Queensway Tower, have started the process for en bloc sale. Berita Harian which reported on the en bloc attempt of Queensway Shopping Centre and Queensway Tower noted that the en bloc sales process was started after the property cooling measures introduced by the Government in July last year. Many en [...]

Prime CBD office rents see broad based increase for seven consecutive quarters

Average prime CBD office rents grew for the seventh consecutive quarter, rising 2.3% in Q1 2019 from the previous quarter, says Colliers International research. Beach Road micro-market led the way in prime CBD office rent growth, clocking the fastest pace of rent increase compared with other micro-markets in Q1 2019 Colliers Research expects net demand [...]

Realty Centre sold en bloc at $17m below reserve price

Realty Centre sold en bloc at $148 million, $17 million below the reserve price of $165 million. Realty Centre, located in the core central region submarket of Tanjong Pagar has been sold enbloc for $148 million. Brokered by Property Consultants Cushman & Wakefield (C&W), this is the first fully commercial collective sale site concluded this [...]

Office building sale – 7 & 9 Tampines Grande – successfully brokered by Cushman and Wakefield

Cushman & Wakefield announced on April 18 that they have brokered the sale of an office building – 7 & 9 Tampines Grande – to Evia Real Estate and Metro Holdings Limited. The Capital Markets team at Cushman & Wakefield secured the buyer on behalf of Alpha Investment Partners and City Developments Limited. The office [...]

Rapid Transit System revival may add buzz to Woodlands

The Malaysian Transport Minister’s commitment to the Rapid Transit System revival may add buzz to the rejuvenation efforts of the Woodlands area. “We are working on the supplementary agreement for six months and looking at other options on how to reduce the cost,” said Malaysian Transport Minister Anthony Loke at a joint press conference with [...]

Beach Road rejuvenation to get impetus from Guoco Midtown

The Beach Road rejuvenation is all set to get a huge boost with the $2.4 billion mega mixed-use development, Guoco Midtown. In speaking to the media on the unveiling of Midtown’s concept on April 22, Mr Cheng Hsing Yao, group managing director of GuocoLand Singapore, said Guoco Midtown will feature a 30-storey office block, a residential tower [...]

CBD Incentive Scheme visionary and bold, JLL Research

A JLL research report referring to the Draft Master Plan 2019 (and in particular to the CBD Incentive Scheme) called it “visionary” and “bold”. The Urban Redevelopment Authority (URA) released information about the scheme on March 27, and it offers 25-30% higher plot ratios for owners who convert office buildings over 20 years old to other complementary uses in the [...]

The Gazania: Modern Living amidst Picturesque Greenery

The Gazania is a brand new FREEHOLD condo by SingHaiYi Group that’s located along How Sun Drive in Bartley area, District 19. The residential development is nestled both on the city fringe and within a walking distance from the Bartley MRT station. Its neighbourhood is pleasantly marked by a mixture of landed houses and low-rise [...]

Affinity at Serangoon: A Tranquil Home for the Discerning Few

Affinity at Serangoon is yet another exciting new property launch in District 19 by the renowned Oxley Serangoon Ltd. Designed by veteran and award-winning company DP Architects; the residence is set amidst lush beautiful landscaping that mimics a luxury resort. Affinity at Serangoon proffers future residents with not just a vibrant modern life and healthy, [...]

Riverfront Residences: Luxury Living On a Charming Waterfront

Riverfront Residences is a premium, waterfront development located at Hougang Avenue 7, where Rio Casa Residential area used to be. The entire site has been transformed into a modern, luxurious high-rise condo that’s one of the main property highlights of District 19. From the development, one can enjoy unblocked views of the Serangoon River, get the [...]

Amber Park: Luxury and Convenient Living Re-Defined

Amber Park is an exciting brand new condo development located along 14 Amber Garden. The condo sits at the heart of East Coast Marine Parade, D14, in an established private estate. Amber Park is set to be one of the most-sought-after residential developments in the area not only because of its iconic design but also [...]

Singapore residential market outlook remains stable in 2019

CGS-CIMB research said the Singapore residential market outlook remained relatively stable in 2019. The research ‘Real Estate Day wrap-up’ said both property developers and property services companies expect the Singapore residential market to remain relatively stable with primary transaction volumes in 2019 to remain relatively flat compared to 2018 as lower take-up rates are offset by a [...]

Ultra-luxury residential project – first by Swire Properties named “Eden”

Swire Properties officially unveiled its first ultra-luxury residential project in Singapore today (April 18), “EDEN”, an exclusive apartment building inspired by Singapore’s vision as a ‘city in a garden’ and designed by Thomas Heatherwick of Heatherwick Studio. Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular focus on mixed-use developments [...]

Jurong Lake District transformation to see area developed into major tourist spot

The Jurong Lake District transformation will include marked change of a part of that area into major tourist destination said the Senior Minister of State (SMS) for Trade and Industry, Chee Hong Tat. The SMS made the announcement on the Jurong Lake District transformation at the Tourism Industry Conference organised by the Singapore Tourism Board (STB) on [...]

Property investment sales declined sharply in Q1 2019

– Property investment sales fell 52% YOY to SGD5.3 billion in Q1 2019 on weaker commercial and industrial volumes – Public land sales amounting to SGD2.1 billion boosted property investment sales volumes in Q1 – Potential upside ahead as Draft Master Plan 2019 incentives could spark more investors’ interest in the redevelopment of older buildings [...]

Newton Lodge launches en bloc sale with $44 million price tag

Newton Lodge, a 16-unit collective sale site at Newton Road, has been launched for sale by sole marketing agent, JLL. Newton Lodge is conveniently located some 400 meters 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 [...]

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 [...]

Rare penthouse office floor at Chinatown Point for sale by expression of interest

CBRE is launching the sale of the penthouse office floor in Chinatown Point at a guide price of S$2,080 per square foot via an Expression of Interest (EOI) exercise. The sale offering consists of four strata-titled units on the top level with areas ranging from 2,346 square feet to 2,486 square feet. The combined strata [...]

Singapore residential market will see volume and price weaknesses in 2019, DBS Research

Singapore residential market is projected to exhibit both volumes and price weakness in 2019, said a recent research paper by DBS Research Group. The report in saying that the Singapore residential market is waiting for its turn to shine said that while there is good value in developers’ share prices, judging by historical trends in past property [...]

Golden Mile Complex – Singapore’s urban icon, for sale by tender

Edmund Tie & Company (ET&Co), the sole marketing agent for the collective sale of Golden Mile Complex, on Jan 7 announced that the landmark commercial property is up for sale by tender. ET&Co informed that the Urban Redevelopment Authority (URA) has advised that a gross floor area (GFA) of 85,977.5 sqm can be considered. This is subject [...]

Prime freehold site on highest point of Mount Elizabeth-Orchard up for public tender at S$550 million

CBRE on Jan 7 launched the sale of HighPoint at 30 Mount Elizabeth via Public Tender. Prominently located within the prime Mount Elizabeth-Orchard district, one of Singapore’s most prestigious enclaves, the HighPoint sits on a freehold cul-de-sac plot of approximately 47,606 sq ft on Mount Elizabeth Road, a gentle hillside route from Orchard Road leading to [...]

Realty Centre up for en bloc at Reserve Price of $165 million

Realty Centre a commercial property located at 15 Enggor Street has been put up for collective sale with a reserve price of $165 million. Realty Centre is a freehold site, which has a land area of 1,021.9 square metres or approximately 11,000 sq feet and is zoned for commercial use under the Urban Redevelopment Authority’s 2014 Master [...]

Private home price rose almost 8 percent in 2018

The private home price rose almost 8 per cent in 2018 said the Urban Redevelopment Authority (URA) released flash estimate. The URA flash estimate of the price index for private residential property for 4th Quarter 2018 released today said overall, the private residential property index decreased by 0.1 points from 149.7 points in 3rd Quarter [...]

Strata basement retail units at Peninsula Plaza launched for sale at $16 million

Image credit: JLL Located in the heart of City Hall, Singapore’s Civic District, Peninsula Plaza is a 32-storey office building with a 5-storey retail podium. Widely known as Singapore’s “Little Burma”, the retail podium offers a myriad of F&B, retail and service offerings. The basement is filled with restaurants and eateries, popular amongst visitors, tourists [...]

Amber 45: An Intimate Paradise for the Affluent Few

Developed by UOL Group Ltd, one of Singapore’s renowned developers, Amber 45 is an upcoming new property launch that lies within the prime East Coast area. The development is a freehold condo that houses a total of 139 exclusive residential units. The fact that the property is freehold promises potential home seekers and investors a lot [...]

Treasure At Tampines: A Luxury Hub Made For The Discerning Few

Treasure at Tampines presents to you a uniquely exciting condo development at Tampines Street 11 in the prime District 18. The condo squarely sits at a 702, 164 square feet piece of land where the former Tampines Court was built. This massive plot is expected to yield more than 2,000 residential units, all made with [...]

List of licensed property agencies decline as number of registered property agents increase

The Council for Estate Agencies (CEA) in a press release on 4 Jan said that the list of registered property agents rose in the past year when compared to 2017. CEA said that the As at 1 January 2019, there were 1,229 licensed property agencies and 29,146 registered property agents. The number of licensed property agencies and registered [...]

Cavenagh Gardens, a rare district 9 residential redevelopment site next to the Istana up for sale

Cavenagh Gardens, a prime freehold residential redevelopment site in the prestigious Orchard Road district has just been launched for sale via a public tender exercise by sole marketing agent, JLL. Located next to the Istana, Cavenagh Gardens, along Cavenagh Road in the sought after District 9, consists of three blocks of 172 apartments. Currently zoned [...]

Choon Kim House relaunches collective sale tender at lower Reserve Price of $50m

Choon Kim House, a freehold collective sale site at Upper Serangoon Road, has just been relaunched for sale by tender by sole marketing agent, JLL. The property was first launched for sale in April 2018 at the asking price of $55 million but the tender closed without a deal. The Collective Sales Committee (CSC) initiated [...]

Flynn Park lowers Reserve Price to $325 million to relaunch en bloc

Flynn Park, a freehold collective sale site off Pasir Panjang Road, has just been relaunched for sale by tender by sole marketing agent, JLL. Flynn Park was launched for tender in May last year at the minimum price of S$363.8m and the tender closed on 29 June 2018 without a buyer. Following the announcement of [...]

HDB Resale Price Index continues to see decline in Q4 2018

HDB’s flash estimate of the 4th Quarter 2018 Resale Price Index (RPI) is 131.4, a decline of 0.2% over that in the 3rd Quarter 2018. Based on the flash estimate, the decline in resale flat prices for the whole year of 2018 is 0.9%. HDB said that its Resale Price Index provides information on the [...]

UOB launches programme to support of SMEs through innovation and internationalisation

UOB launches a programme to support of SMEs through innovation and internationalisation on October 22. As more small- and medium-sized enterprises (SMEs) embrace Industry 4.0, United Overseas Bank (UOB) has launched a programme to help them innovate and internationalise. The Bank will provide financial support to SMEs through working capital loans, equipment financing, and cross-border cash management and [...]

999-year CBD conservation shophouse for sale at $17 million

JLL today announced that a 999-year CBD conservation shophouse in heart of Central Business District (CBD) is up for sale. JLL is the exclusive marketing agent for the 999-year CBD conservation shophouse located at 21 Boon Tat Street. The 999-year CBD conservation shophouse with attic occupies a land area of 1,759 sf and has a [...]

Treasure At Tampines: A Unique Gem Exuding Comfort & Luxury

Image Credits: Image of a condo was taken by iCompareLoan for illustration purpose only.  Treasure at Tampines is a brand new 99 years leasehold condominium development by the renowned Sim Lian Construction Company Ltd. Formerly known as Tampines Court, the development is located in 18 Tampines Street 11, at the heart of District 18. Just as [...]

Freehold boutique hotel at corner of Outram Road and Tiong Bahru Road sold for $46 million

A freehold boutique hotel at the corner of  Outram and Tiong Bahru Road is being sold for $46 million. Wangz Hotel which is a prominent landmark in that area because of its distinctive barrel-shaped aluminium-clad look is being sold by Glastech Pte Ltd. Image credit: Google Map The sale works out to about $1.12 million per [...]

Retail sector research points to moderating vacancies and rent weakening

A retail sector research by Savills released on 17 August, suggests that vacancies are moderating while rents are weakening. The research by the prominent real estate services company noted that despite the festive spending prior to Hari Raya Aidilfitri, which lifted retail sales (excluding motor vehicles) in May, the overall sales growth for both April and May was restrained [...]

Prime site in Sengkang Central won by CapitaLand-CDL joint venture

CapitaLand Limited and joint venture partner City Developments Limited (CDL) have successfully clinched the prime site in Sengkang Central. The attractive mixed-use residential and commercial site was won at a tender price of $777.78 million. The bid was submitted on a Two-envelope Concept and Price Revenue tender system which works out to S$923.60 per square [...]

Freehold commercial corner development site near Farrer Park MRT station up for sale

A freehold commercial corner development site with a 40-metre wide dual frontage along Serangoon Road and Petain Road has just been launched for sale via an Expression of Interest (EOI) exercise by exclusive marketing agent, JLL. Freehold commercial corner development site comes with a guide price of $22 million reflecting $1,471 psf ppr. The corner [...]

Commercial property landlords may be recalibrating rents and occupancy levels

Sales prices and rents of office properties continuing to recover in Q2 2018 should be good news to commercial property landlords. The continued recovery is driven by stronger demand for space from a broad range of sectors, as well as improved investment sales, and more positive business sentiment and upbeat economic outlook. OFFICE Noting the [...]

Private home prices continue strong growth in the second quarter

Private home prices continued to rise in the second quarter of 2018. 1,724 private homes were sold in July 2018 said the data released by the Urban Redevelopment Authority (URA) on Wednesday. These figures are about 2.6 times more than the 654 units sold in June 2018 and up 55 per cent of the 1,112 [...]

2nd collective sale attempt by Windy Heights sees reserve price slashed by over $50 million

Owners of freehold Windy Heights in the Kembangan area in their 2nd collective sale attempt, are seeking to reduce the reserve price by over $50 million in a bid to go for collective sale. This comes after its earlier bid in April 2018 which was unsuccessful. The reserve price in the previous attempt was $806.2 [...]

Real estate investment sales in Singapore projected to reach $40 billion in 2018

Colliers International in releasing its latest quarterly investment sales report ‘Keeping Up The Momentum’ on August 13, said the real estate investment sales in Singapore is projected to reach $40 billion in 2018. The leading commercial real estate services company said commercial and industrial properties could pick up part of the slack in the second half [...]

Balestier freehold site launched for en bloc with $45.5m reserve price

Century 21 today announced the launch of collective sale by tender of Kingsley Mansion, a Balestier freehold site. The freehold site comes to the market with a reserve price of $45.5 million. The tender will launch on Tuesday (Aug 14) and close at 3 pm on Sept 13. The reserve price for the 18-unit, 14,350 square [...]

Research: Depleting supply is accelerating rental growth in office sector

Savills a leading real estate services company on August 8 forecasted that nearly 800,000 sq ft of Grade A CBD office space will hit the office sector in 2018. The supply in the office sector will come mainly from Frasers Tower at Cecil Street said the Research. The supply of Grade A office space this year is a drastic [...]

Parc Esta Residences: A Perfect Blend of Comfort, Luxury & Convenience

Image Credits: Parc Esta, MCL Land Parc Esta is an exciting new property launch by the award-winning developer, MCL Land. The condo development is located at the site of the former Eunosville HUDC Estate, just opposite the Eunos MRT Station. Based on its site plan and strategic location near Keylang town, Parc Esta is set [...]

Mont Botanik Residence: A Botanical Haven in the Urban Setting

Image Credits: Mont Botanik Residence, Tuan Sing Holdings Mont Botanik Residence is a brand new freehold condo development by Tuan Sing Holdings located in 1 Jalan Remaja in Singapore’s District 13. The residential project is nestled in the prestigious Hillview residential enclave within the lush greenery of the Bukit Timah Nature Park and the Bukit [...]

Knight Frank partners Barleys to tap on cash-rich Singaporean buyers of New Zealand homes

Banking on a proposed legislative change which will exempt Singaporeans from a ban which will prohibit buyers from outside Oceania region from buying New Zealand homes, Knight Frank has entered into a strategic partnership with Bayleys Realty Group Limited to better access the New Zealand homes market. Knight Frank was established in London 123 years [...]

UOB home loan fully digitised by partnering four top property agencies

United Overseas Bank (UOB) on August 7 announced that it has brought together Singapore’s largest property ecosystem under one roof and has also launched a fully-digital solution for its UOB home loan. It said that its fully digitised solution for customers seeking UOB home loan would remodel the home buying experience by making home financing swifter and [...]

‘Farrer Park area less frequently used’, Minister justifies site demolition

The Minister for National Development has justified the demolition of the Farrer Park area saying “the facilities in the area were less frequently used as competitive sports venues.” Responding to a parliamentary question on if Farrer Park Field and the adjoining facilities will be preserved “as the area has a rich sports heritage and memorable [...]

Zone 2 Industrial Building up for sale by expression of interest

JLL on August 6 announced the sale of Zone 2 Industrial Building. The prominent real estate services company which is the sole marketing agent for the sale said the “Business 2” zoned industrial building located in an established industrial estate at 3 Gul Crescent near the Gul Circle MRT station would be a quality purchase. [...]

Prime CBD conservation shophouse up for sale

JLL, today announced an opportunity for real estate buyers to acquire a prime CBD conservation shophouse at 29 Stanley Street. The beautifully restored three-storey conservation shophouse is located in the heart of the Central Business District (CBD). Nestled along the charming Stanley Street, the rime CBD conservation shophouse occupies a land area of 1,693 sqft and [...]

Freehold River Valley redevelopment site in prime District 9 up for public tender

CBRE today launched the Public Tender sale of a freehold River Valley redevelopment site in prime District 9. The freehold River Valley redevelopment site, Regalia, is located at 2 River Valley Close. Located in a prestigious residential enclave in the prime District 9, The Regalia sits on a freehold site of approximately 63,371 sq ft [...]

Shoebox apartments keeps Singapore Banking Sector sustainable

Singapore’s Shoebox apartments help banking sector stability Small residential housing size such as shoebox apartments is good for Singapore banks. You may not know it, but having ever smaller housing is almost institutionalised in Singapore’s policies on land, and on the Singapore banking and financial sector. The ever smaller housing means rising land prices and [...]

New launch The Tre Ver sells 70 per cent of units at Phase 1 offer

New launch The Tre Ver condo sold almost 70 per cent of units offered at its Phase 1 offer. The developers’ offer of steep discount lured in mainly first time home buyers to the new launch on August 4th (Saturday) amidst the new property curbs. The Tre Ver Condo is a 99-year leasehold brand new [...]

Luxury homes projected to drop 30 to 40 percent in next few quarters

Singapore’s luxury homes are likely to be hardest hit by the recent property cooling measures, with sales forecast to fall between 30 and 40 per cent in the next two quarters, reported Bloomberg. In quoting Christine Li, a senior director and head of research for Singapore at Cushman & Wakefield Inc, the report suggested that foreigners [...]

Despite weaknesses in bank loan growth property scene is expected to be buoyant

The property cooling measures introduced by the Government on July 5 to counter the euphoria in the property market is expected to have an impact on bank loan growth. An earlier analysis by RHB Bank said that amongst the three local banks, UOB share price may be impacted more negatively in the short term. UOB has the [...]

Woodleigh Residences: A Luxury Home Surrounded By Nature

Image Credits: Woodleigh Residences, Singapore Press Holdings and Kajima Development Woodleigh Residences is a brand new residential cum retail development located along the Upper Serangoon Road, in the highly-coveted Bidadari Estate. The site of the project was purchased by two developers, Singapore Press Holdings and Kajima Development, who came together to place a winning bid [...]

Parc Botannia: A Luxury Home Sitting Amid Nature

Image Credits: Parc Botannia, Sing Development and Wee Hur Holdings Ltd Parc Botannia at Fernvale Street is a 99-year leasehold new residential property launch by veteran developers Sing Development and Wee Hur Holdings Ltd. The one-of-a-kind condo project sits on a massive 17, 196.4 sqm piece of land and boasts of a maximum gross floor [...]

Ecommerce logistics hub at Pandan Crescent sold for redevelopment

CBRE announced on August 1 that it has brokered the sale of 4 Pandan Crescent to LOGOS, which may be redeveloped into an e-commerce logistics hub. The transaction is subject to JTC Corporation’s approval. Ms Brenda Ong, Executive Director of Industrial & Logistics Services, CBRE said, “Large sites in prime locations that can accommodate modern, ramp-up [...]

999-year leasehold office floors at Raffles Place up for sale at indicative price of $24 million

JLL, is inviting offers through an Expression of Interest (EOI) exercise for the purchase of two contiguous 999-year leasehold office floors located at 62 Cecil Street, TPI Building #05-00 and #06-00, Singapore, 049710. Completed in 1983, TPI Building is a six-storey 999-year leasehold office development located within the heart of Singapore’s Central Business District. Strategically [...]

Short window for home owners to refinance as Federal Reserve interest rates remains unchanged for now

In assessing the economy of the United States of America, the Federal Open Market Committee (FOMC) kept the Federal Reserve interest rates unchanged for now but hinted at another rate hike as soon as September. The Federal Reserve unanimously voted to keep its benchmark federal-funds rate in a range of 1.75 – 2 per cent [...]

“Mr HDB’s” good class bungalow up for sale at price tag of more than $100 million

Mr Lim Kim San’s good class bungalow (GCB) at 81 Dalvey Road came to the market for sale on July 31. The GCB is expected to fetch prices above $100 million. The good class bungalow’s proximity to Botanic Gardens and its large plot size of 51,058 square feet, as well as it being situated on high grounds [...]

HDB flats resale prices increase for the first time in 9 Quarters

HDB flats resale prices increased by 0.1 per cent in the 2nd Quarter of 2018. This increase is the first rise after nine months of continuous decline. The hike – though only incremental – may indicate that HDB resale prices are bottoming out. The Housing & Development Board’s data also showed that HDB resale transactions [...]

Daintree Residence successfully sells 50 of the 80 phase-one units amidst property curbs

Daintree Residence successfully sold 50 of the 80 phase-one units amidst newly introduced property cooling measures. The Phase 1 launch is the first in the real estate market since new property cooling measures kicked in on July 6. The developers of newly launched condominium, SP Setia, said earlier that they were working out a “special discount” for [...]

Launch of new private homes could remain healthy in 3rd Quarter

The launch of new private homes picked up significantly in 2Q18 with 2,437 units placed on the market by developers, 164.6% higher than in 1Q18 and 21.2% higher y-o-y, said JLL. The leading real estate services company noted that rising prices and a more buoyant market led developers to increase the launches during the second [...]

New property cooling measure impact will only be felt in August 2018

Citing a survey by the Urban Redevelopment Authority which showed that 654 private homes were sold by developers in June, Cushman & Wakefield said the new property cooling measure impact will only be felt in August 2018. The survey said that sales of private residential units in June were down 41.7 per cent from May’s sales [...]

URA Q2 statistics shows demand not matched by supply leading to large unsold units

The Urban Redevelopment Authority’s Quarter 2 data (URA Q2 statistics) showed that demand was not matched by supply leading to large numbers of unsold units in the market, said a research by CBRE. URA released yesterday the real estate statistics for 2nd Quarter 2018. The real estate statistics showed that prices of private residential properties [...]

Retail rents slipped while vacancy rate eases showed URA’s 2Q real estate statistics

The Urban Redevelopment Authority (URA) released today the real estate statistics for 2nd Quarter 2018. The real estate statistics showed that prices of private residential properties increased by 3.4% in 2nd Quarter 2018, compared with the 3.9% increase in the previous quarter. Prices of landed properties rose by 4.1% in 2nd Quarter 2018, compared with [...]

Some residential sites in Tiong Bahru to be rezoned URA announced

The Urban Redevelopment Authority (URA) announced on July 24th that it will be rezoning some residential sites in the Tiong Bahru estate under the Master Plan, from ‘Residential’ to ‘Residential with Commercial at 1st storey’. This is to recognise existing businesses with approvals and specify where commercial uses are allowed in the estate while sustaining [...]

Sutton Place – Freehold Residential Redevelopment Site for Sale by Tender

Knight Frank Singapore on Monday announced the launch of a new en bloc sales site at Farrer Road. The site, Sutton Place, is a freehold residential redevelopment site off Farrer Road. Knight Frank is also the sole marketing agent for the site, which has been put up for sale by tender. A five-storey development comprising [...]

HDB rentals may get a much needed boost from new property cooling measures

Homeowners who have successfully sold their units en bloc may turn to HDB rentals while they wait for a permanent replacement flat. Once the en bloc sales deal is completed, owners can hand over the units with vacant possession for 100 per cent of the sales proceeds, or opt to stay on for another 6 months. [...]

Upmarket condominium at Balmoral Park enclave goes en bloc with $148 million price tag

Pinetree Condominium an upmarket condominium in the Balmoral Park enclave has been launched for en bloc sale with a reserve price of $148 million. Each owner stands to receive between $2.57 million to $4.09 million if the en bloc sale is successfully concluded. SLP Scotia, the marketing agent for the en bloc sale of the upmarket [...]

District 8 property jumps on bandwagon of developments trying for collective sale

Kentish Green, a 122-unit condominium in District 8, has been launched for en bloc sale with a reserve price of $230 million announced its marketing agent ERA Realty. The owners of the property at Oxford Road off Rangoon Road have set a reserve price of $230 million for the 59,143 sq ft site. Based on the [...]

Mixed-use development Sixth Avenue Centre up for collective sale

Savills Singapore announced on July 2nd of the launch for sale by tender of a mixed-use development. The launch of the collective sale of the mixed-use development, Sixth Avenue Centre, was posted just a few days before the Government announced the new property cooling measures. The tender for Sixth Avenue Centre will close at 3 pm on [...]

Freehold residential redevelopment site off Balestier relaunches for en bloc with reduced reserve price

Knight Frank Singapore on 16 July announced the re-launch of the sale of Summer Green, a freehold residential redevelopment site off Balestier Road. The site was unsuccessfully launched for collective sale first in January 2018 with a reserve price of $48.5 million. Image credit: Knight Frank Singapore The owners are now expecting offers of above [...]

Average selling prices of new homes may see up to 10 per cent price reduction

The new property cooling measures will likely result in price cuts in average selling prices of new homes by developers. With high-end homes leading the price adjustments by developers, new home launches are expected to drop by up to 10 per cent.  The reduction in average selling prices has been factored in when property market [...]

40% fewer private homes sold in June than in May – most sales in suburban areas

A survey by the Urban Redevelopment Authority showed that 654 private homes were sold by developers in June. This is a drop of 41.7 per cent of the 1,122 units sold in May and also 20.2 per cent lower than in June last year.  More than half of the sales took place Outside Central Region. [...]

Rare freehold portfolio comprising 4 shophouse units at Macpherson Road for sale by expression of interest

CBRE has launched for sale a rare freehold portfolio comprising of four freehold shophouses along Macpherson Road by Expression of Interest (EOI). The portfolio comprises 514 Macpherson Road, an intermediate two-storey shophouse; 526 and 528 Macpherson Road, 2 adjoining two-storey shophouses and 534 Macpherson Road, a corner two-storey shophouse (the Properties). The rare freehold portfolio [...]

Rare freehold site at Meyer Road acquired for $319.88 million amidst property curbs

GuocoLand Limited (“GuocoLand”) today announced that its indirect wholly-owned subsidiary, First Meyer Development Pte Ltd, has successfully tendered for the enbloc acquisition of Casa Meyfort Condominium, a rare freehold site. It has also exercised its option to purchase at a purchase consideration of S$319.88 million. Casa Meyfort at Meyer Road was first launched for collective sale in [...]

Tengah poised to be Singapore’s first smart energy town

The Housing & Development Board (HDB) in exploring the potential of developing Tengah into a first-of-its-kind Smart Energy Town, today inked three new research agreements with industry partners at the World Cities Summit. HDB intends to advance its goal of creating smart and sustainable homes for Singaporeans. Through these partnerships. HDB said it aims to [...]

South Beach Residences: A Self-Contained Haven with Unmatched Opulence

South Beach Residences is a brand new luxurious condo development by the renowned City Developments Limited, located at 28 Beach Road. Situated at the heart of Singapore city centre, the iconic development will feature well-furnished apartments and penthouses, office spaces as well as retail outlets. A luxury hotel and an exclusive clubhouse will also be [...]

Riverfront Residences: Where Opulence Meets Nature

Riverfront Residences is a brand new condominium development located in Hougang Ave 7, District 19. The site, which was formerly known as Rio Casa, is on a 99 years leasehold tenure and was acquired by Oxley-Lian Bent Venture at a cost of S$575 million. And the condo project is currently being run by Singapore’s well-known [...]

Jade Scape: A Nostalgic Haven in the Upscale Market

Jade Scape, which lies where former Shunfu Ville was, is a brand new property launch by Qingjian Realty located along Shunfu Road in District 20. Sitting on a massive 408,927 sqft piece of land, the condo development is expected to yield a total of 1,100 units with an average size of about 1,000 sqft. For [...]

Proptech sector boosts Singapore to 1st rank in Asia in global real estate transparency index

Proptech sector boosted Singapore to 1st rank in Asia in JLL’s Global Real Estate Transparency Index (GRETI) 2018. The 10th edition of GRETI contains the most comprehensive country comparisons of data availability, governance, transaction processes, property rights and the regulatory/legal environment around the world. The proptech sector is all set to not only impact but also [...]

District 9 freehold development launched for en bloc braving new property cooling measures

A District 9 freehold development along Sophia Road, Casa Sophia, is up for collective sale at a reserve price of $36 million. The announcement of the en bloc sale comes on the heels of the new property cooling measures. Image credit: ERA Marketing agent ERA Realty Network said that the reserve price translates into a [...]

Singapore banks will benefit from tighter regulations to cool property market, Moody’s

Rating agency Moody’s said on Monday that Singapore banks will benefit from tighter regulations to cool the property market. In noting the Monetary Authority of Singapore (MAS), Ministry of Finance, Ministry of National Development and Ministry of Trade & Industry instituted new regulations to cool Singapore’s property market price appreciation and transaction volume, the rating agency said “higher [...]

Jurong Lake District’s momentum remains unaffected despite HSR uncertainty, Minister Wong

Jurong Lake District’s momentum and vision has not changed despite the uncertainty over the Kuala-Lumpur to Singapore High Speed rail project. The Minister for National Development Lawrence Wong who said this in Parliament today added: “Some details may need to be adjusted along the way, as circumstances change. But the bottom line is that we have an [...]

New property curbs challenged by leading developers

The Real Estate Developers’ Association of Singapore (Redas) on Friday challenged the Government’s latest round of property cooling measures saying there was “no rationale” for the new property curbs.  imposed on Friday (July 6). REDAS. the leading developers’ group here, said the  additional buyers’ stamp duty (ABSD) and lowering of the loan-to-value (LTV) limits were “tough” new [...]

Beautifully restored CBD commercial shophouse with fresh 99-year leasehold tenure up for sale

JLL on 5 July presented for sale a restored CBD commercial shophouse. The CBD commercial shophouse s located at  19 Hongkong Street, and is a brand new beautifully restored part-four part-six storey commercial shophouse. The property is situated within the trendy Hong Kong Street area, one of the up-and-coming F&B and lifestyle destination that is rising in [...]

Who are the Big Gainers and Losers after the New Property Cooling Measures Announcement?

The big question on a lot of pf people’s minds: “Who are the big gainers and losers after the new property cooling measures announcement?”. The government has acted to cool the residential property market. Additional Buyer’s Stamp Duty (ABSD) rates have been raised for some categories of residential property purchases, and the Loan-to-Value (LTV) limits [...]

New Property Cooling Measures Introduced by Government to Calm Market Euphoria

The Government announced today new property cooling measures. The measures saw adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates and Loan-to-Value (LTV) limits on residential property purchases, to cool the property market and keep price increases in line with economic fundamentals. Status of the Private Housing Market After declining gradually for close to 4 [...]

Horizon Towers at Leonie Hill Launched for Sale Again for $1.1 billion

Horizon Towers, a collective sale site in the prestigious Leonie Hill locale, is launching for sale by tender by sole marketing agent JLL. The tender for Horizon Towers closes on Tuesday, 7 August 2018 at 3.00 p.m. Built in the late 1970’s, the 99-year leasehold Horizon Towers comprises 211 units in two towers located on an elevated [...]

Freehold Residential Development Site along Chancery Lane up for En bloc at $86.6 million

Knight Frank Singapore today announced the launch of the sale of Chancery Esquire, an exclusive freehold residential development site along Chancery Lane, by tender. The tender for Chancery Esquire will close on 2 August 2018, Thursday at 3 pm. Chancery Esquire is a private residential estate comprising a block of 31 apartment units ranging from [...]

High End properties in Singapore Continue to be Strong Draw for Malaysians

Despite the weakness of their currency, well-heeled Malaysians are continuing to show keen interest in high-end properties in Singapore. GuocoLand (Singapore) Pte Ltd Group Managing Director, Cheng Hsing Yao, said the strong interest shown in his company’s two iconic projects, Wallich Residence and Martin Modern is proved of Malaysians interest in high-end properties here. Wallich Residence [...]

Property Market Euphoria Calls for Caution, Singapore Central Bank Chief

Developers, banks and home buyers should be cautious about the property market euphoria said Ravi Menon. Mr Menon who is the Managing Director of Monetary Authority of Singapore (which is Singapore’s central bank and financial regulatory authority) reminded developers who bid for land to be mindful of the huge supply which is coming on stream. [...]

GCB prime plot at Sixth Avenue up for sale by Trustees

A prime residential site, Good Class Bungalow (GCB), located at Sixth Avenue has just been put up for sale by Expression of Interest (“EOI”) by the trustees of the property. JLL has been appointed as their sole marketing agent. The EOI for No. 45 Sixth Avenue closes on Tuesday, 31 July 2018, at 2.30 p.m. The freehold [...]

Freehold shophouses row at Sembawang Road up for collective sale

Edmund Tie & Company (ET&Co) announced today that it has been appointed as the sole marketing agent for freehold shophouses row along Sembawang Road, which is being sold en bloc by tender. 100 per cent of the owners of the of freehold shophouses row has consented to the sale. The development was completed in the [...]

Best Maybank Home Loan guide and History of mortgage rates

Where can you find the Best Maybank home loan? For people who prefer to pick a maybank mortgage, they will obviously want to know what is the best maybank home loan packages in the marketplace. Signing a home loan package is a big decision. It is no wonder every homeowner spends a lot of time [...]

Investment sales market extends robust performance by another quarter

Dominated by the enbloc residential market, Singapore’s investment sales market extended its robust performance by another quarter. CBRE,  the largest commercial real estate services and investment firm in the world, said its preliminary investment volume for quarter 2 (Q2) of 2018 was S$10.308 billion, which is an increase of 11.4 per cent year-on-year (y-o-y0. This brings [...]

Property price momentum remains buoyant suggest URA’s flash estimates

The Urban Redevelopment Authority (URA) today released the flash estimate of the price index for private residential property for 2nd Quarter 2018 today which suggests that property price momentum here remains buoyant. Overall, the private residential property index increased 4.9 points from 144.1 points in 1st Quarter 2018 to 149.0 points in 2nd Quarter 2018. This [...]

How much of your income should you spend on housing?

With housing being one of the biggest expenditures many expect to invest in, it is crucial for both homeowners and tenants to determine how much of their income they should set aside for housing costs, such as mortgage payments or rent along with utilities, maintenance charges or homeowners insurance. But how does one ensure that [...]

Upper East Coast Road freehold site to be acquired for $60 million

Tee Land, a boutique developer, announced on 28 June that it had entered into an option-to-purchase agreement to acquire the freehold interest in a plot of land located at 338 to 364 Upper East Coast Road, Singapore with a land area of approximately 3,928.8 square metre. The purchase consideration for the land on which Teck Guan Ville condo [...]

Stirling Residences – a mega project in Queenstown up for preview today

Stirling Residences, a mega project of Logan Property (Singapore) Company and Nanshan Group Singapore (joint-venture) at Queenstown, is today (30 June) opening its showflat for preview. The joint-venture’s win of the tender for the site in Queenstown set a record in May for exceeding the price quantum for Government Land Sales (GLS) programme. The joint-venture [...]

Property auction market down led by lack of big-ticket items for sale

A report released by Edmund Tie & Co on 28 June said that there were more owners’ listings placed in the property auction market for Quarter 2 (Q2) but that there was a dip in mortgagee sales this quarter. Q2 2018 has seen a total sales value of $19.64m in the property auction market. While [...]

Singapore property market remains positive despite near-term weakness

The government on 27 June announced the second half 2018 Government Land Sales (2H18 GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units. The bank noted that the 2H18 GLS of 8,040 residential units, is flat half-on-half (h-o-h) – (-0.1% h-oh; -1% year-on-year) – with [...]

Private residential units to increase substantially with new releases from GLS programme

The Government yesterday (27 June) announced the second half 2018 (2H2018) Government Land Sales (GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units. These sites can yield up to 8,040 private residential units, 124,200 sqm gross floor area (GFA) of commercial space and 930 hotel [...]

Strata Titles Board blocks en bloc sale of Goodluck Garden with a stop order

Strata Titles Board today blocked the collective sale of Goodluck Garden with a stop order after seven minority owners objected to the sale on the grounds of lack of good faith. Two rounds of mediation efforts were made before the stop order was issued. The Strata Titles Board will not approve an en bloc sale application [...]

Demand for industrial sites has been satisfied suggests IGLS programme

The uplift in economic and manufacturing sector performances and signs of an imminent bottoming of the industrial property market have not prompted the Government to up the IGLS industrial sites supply for the second half of 2018, said JLL. It noted that the IGLS supply for second half of 2018 has been kept relatively similar to [...]

District 10 property goes en bloc with $160 million reserve price

Dalvey Court at 28 Dalvey Estate, a highly coveted and exclusive residential enclave in District 10 has been put up for collective sale. Completed in 1976, Dalvey Court is a nine-storey residential block comprising 32 apartment units of similar size. Cushman & Wakefield, the appointed marketing agent for the property has garnered the requisite 80 [...]

Commercial freehold sites in Jalan Besar change hands for $13.8 million

Prime city-fringe commercial freehold sites in Jalan Besar changed hands from City Developments Limited (CDL) to Hwa Hong Corporation for $13.8 million. Hwa Hong used its indirectly wholly owned subsidiary Global Trade Investment Management Pte Ltd to exercise the option to purchase today. The commercial freehold sites at the entrance to the former New World [...]

Research: One in four first time home owners refused a mortgage

A British research suggests that first time home owners still find it very difficult to secure home loans. 89 per cent of first time home buyers find it difficult to get a mortgage loan said the study from Aldermore. The study which sampled British home buyers noted that raising a deposit is still the number [...]

Fewer homes sold by property developers in first five months of 2018 compared to last year

According to a recent report by Maybank Kim Eng, fewer homes were sold by property developers here in the first five months of 2018 compared to last year. The report further said that developer stocks in Singapore fell 4 per cent even as home prices rose by 7 per cent year-to-date. The banks report reference [...]

Two prominent commercial buildings along Selegie Road up for en bloc sale

Two prominent commercial buildings along Selegie Road – Selegie Centre and Peace Centre – may be up for en bloc sale soon. Selegie Centre has obtained approval from 90 per cent of owners to be sold en bloc, whereas Peace Centre is 10 per cent shy of the requisite 80 per cent approval level. Selegie Centre, [...]

Stirling Residences: Opulence in the Urban Redefined

Stirling Residences is a brand new property launch by the Hong Kong-listed Logan Property and the renowned Chinese developer Nanshan Group. Located along Stirling Road in the mature District 3, the condominium development is set to be officially launched in the second quarter of 2018 and should be complete by 2022. If you’ve ever dreamt [...]

Millennials are most likely to buy multiple homes, survey suggests

A new survey suggests that millennials are the most likely to buy multiple homes. The research paper ‘Beyond the Bricks 2’ by HSBC interviewed more than 10,000 people across 10 countries and territories to arrive at this conclusion. Their survey included 1,000 home owners and prospective home owners from Singapore. The survey said millennials (those [...]

120 Grange – The Hottest Residential Property in Singapore

Owning a luxurious place which offers you all the modern amenities of life and utmost comfort is every person’s dream. If you are on the quest to find the right place for yourself and your family to reside in, 120 Grange might just be the perfect choice for you. Situated in the premium district of [...]

6 common mistake first time home buyers should avoid

A home is perhaps one of the biggest purchases one will make in their entire life and the number of things one must consider before signing on the dotted line is immense – especially first time home buyers. Knowing about a few common mistakes first time home buyers make and how to avoid them can, [...]