Flynn Park in Pasir Panjang sold en bloc for $371 million

SINGAPORE (THE BUSINESS TIMES) – Flynn Park in Pasir Panjang has been sold for $371 million to a joint venture between Hoi Hup Realty and Sunway Developments, property consulting group Savills Singapore announced on Friday (Sept 10). The sale price works out to approximately $1,355 per sq ft per plot ratio (psf ppr), which exceeds the $365 million reserve price,[…]

Shophouse transactions hit $1 billion for year to date, surpassing levels in 2019 and 2020

SINGAPORE – Shophouse transactions are hitting new highs, fuelled by the limited stock of conservation properties, low interest rates and strong demand from local and foreign investors. Investors, including family offices, high net-worth individuals and boutique real estate funds, are drawn to commercial shophouses, as they offer capital preservation during economic uncertainty due to their[…]

HDB resale prices up for 13th straight month in July

Demand for Housing Board resale flats remained strong last month, with prices continuing to climb and more flats changing hands despite tightened Covid-19 measures in the second half of the month. HDB resale prices rose for the 13th straight month, advancing 0.5 per cent last month compared with June, according to flash data from real[…]

Five-room Bishan HDB flat sold for record $1.295 million

SINGAPORE – A five-room Housing Board flat in Bishan has changed hands for a record $1.295 million this month, smashing the previous high of $1.268 million lodged just last month. The 120 sq m unit at Block 273A Bishan Street 24 in a Design, Build and Sell Scheme (DBSS) project called Natura Loft was sold[…]

URA seeks views of Singaporeans on long-term land use

Review will take into account population trends, climate change, impact of pandemic The latest review of Singapore’s long-term land use will take into account not just trends such as an ageing population and climate change, but will also consider the impact Covid-19 has had on how people work, live and play. Right-sizing the Central Business[…]