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,[…]
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[…]
SINGAPORE (THE BUSINESS TIMES) – Mainboard-listed Tuan Sing Holdings has secured a tender for a prime freehold site at Dunearn Road for $56 million. The 1,592.4 sq m property is located next to and shares the same boundary as [email protected], a mixed-use office and retail building which the group acquired in 2017, it said in[…]
SINGAPORE – The classification of Housing Board towns into mature and non-mature estates based on the availability of land, instead of the age of existing flats, is a sound metric that is commonly used in urban planning, say analysts. It also gives buyers a sense of the pricing and amenities expected, they added. In a[…]
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[…]
SINGAPORE – International Plaza in Tanjong Pagar is set to embark on its first mixed-use collective sale attempt that could potentially smash records in terms of unit numbers and value. The 50-storey leasehold commercial-cum-residential building – one of Singapore’s biggest integrated developments – hit the 80 per cent threshold in July to start the launch[…]
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[…]
SINGAPORE – The plan for Dover Forest has been revised, with public housing expected to be launched in the eastern half next year while the western half is set aside for now to preserve its biodiversity. The young secondary forest plot in western Singapore is zoned for residential use, but the plans were tweaked after scientific studies[…]
Private home prices grew at a much slower pace in the second quarter due to a pullback in landed housing and fewer launches amid tighter Covid-19 restrictions. Prices rose 0.8 per cent quarter on quarter – easing from a rise of 3.3 per cent in the first three months of the year and 2.1 per[…]
SINGAPORE – Resale prices for Housing Board flats climbed for the fifth consecutive quarter, though the volume of transactions was hit by tightened Covid-19 measures. Property analysts expect that prices are likely to rise further, with demand outstripping supply in part due to delays in completion of new HDB flats. In the second quarter of this[…]
It is one of 9 properties in S’pore and Australia that are among assets frozen by High Court A $28.5 million offer has been made for one of beleaguered Hin Leong founder Lim Oon Kuin’s good class bungalows (GCBs) now under a court-ordered asset freeze injunction, The Sunday Times has learnt. The freehold GCB in[…]
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[…]