SINGAPORE – Shenton House, located in Singapore’s Central Business District (CBD), has been successfully sold for $538 million, said sole marketing agent JLL on Wednesday. The building was relaunched for public tender in October. The buyer is Shenton 101, a company owned by Mr Lee Yeow Seng, group chief executive officer of IOI Properties Group[…]
SINGAPORE – Property developer Tuan Sing Holdings plans to turn its headquarters at The Oxley into a hotel or serviced residence, in a bold move into the hospitality sector in Singapore. It is also considering turning its key asset Link@896 in Bukit Timah and the freehold site next to it into a hotel or serviced[…]
SINGAPORE – Freehold Island View condominium in Pasir Panjang has been put up for collective sale with a reserve price of $575 million, sole marketing agent PropNex said on Monday. This works out to a land rate of around $1,623 per sq ft per plot ratio (psf ppr), after factoring in the 7 per cent[…]
SINGAPORE – Pine Grove condominium is back on the bandwagon for a collective sale via public tender – this time at a reserve price of $1.95 billion. The 660-unit former HUDC estate in Ulu Pandan, which has 60 years left on a 99-year leasehold, was previously put up for sale in 2019 at $1.86 billion. This[…]
SINGAPORE – A joint venture between GuocoLand, Hong Leong Holdings’ Intrepid Investments and CSC Land Group put in the highest bid of $435.2 million for the sixth private housing site to be sold at Lentor Central in Yio Chu Kang. The bid for the 475-unit Lentor Central site, which works out to $982 per sq ft per[…]
SINGAPORE – Wing Tai Holdings has rescinded its contract to acquire Holland Tower for $76.3 million, saying that conditions for the completion of the deal signed by its Wincove Investment unit in March had not been met. The company, in a bourse filing on Friday, did not specify what aspects of its agreement with the sellers of[…]
SINGAPORE – Chuan Park’s $890 million collective sale – one of the biggest deals for this current cycle – will move ahead after the High Court ruled that the sale was made in good faith. Friday’s ruling comes ahead of the July 5 contractual deadline under the sale and purchase agreement for majority consenting owners of the[…]
SINGAPORE – That prized pot of collective sale riches may get more elusive for private home owners, as analysts say the latest round of property curbs could further dampen the current collective sale cycle, which is already seeing a slower success rate compared with the boom cycle from 2017 to 2018. About a third of[…]
SINGAPORE – Local and foreign investors may gravitate towards commercial and industrial collective sale sites that are not subject to additional buyer’s stamp duty (ABSD) following the April 27 round of cooling measures, but higher interest rates and slowing economic growth may weigh on demand, say analysts. According to property consultant JLL, non-residential collective sales (including commercial,[…]
SINGAPORE – Katong Shopping Centre, Singapore’s first air-conditioned mall when it opened in 1973, is being offered for collective sale at $638 million. In confirming market talk that the freehold development is for sale, sole marketing agent Edmund Tie said the site can be redeveloped into an integrated development at its existing plot ratio of[…]
SINGAPORE – The collective sale of Shenton House has entered into private treaty negotiations, after its sale tender closed on April 11 with no bids received amid a cooling commercial property market. Shenton House, a 99-year leasehold building in the Central Business District (CBD), was most recently put on the market on Feb 6 with[…]
SINGAPORE – Charming Garden condominium will be put up for collective sale again via public tender on Friday, with an unchanged guide price of $175 million, said sole marketing agent Colliers on Thursday. The 999-year leasehold project in Bukit Timah was first put up for collective sale at the same price in December 2022. Located[…]