SINGAPORE – Rental prices for Housing Board flats and private apartments continued to rise last month, with analysts noting that the trend will continue as completed housing projects are unable to catch up with demand. HDB rents climbed at a slower pace of 1.5 per cent in July, compared with June’s 2.3 per cent, with rents across[…]
SINGAPORE – Prices of resale condominium units edged up for the 24th straight month in July, while transactions dipped amid rising interest rates. Condo resale prices rose at a quicker pace of 1.2 per cent last month compared with June’s 0.8 per cent, according to flash figures from real estate portals 99.co and SRX released on Wednesday (Aug[…]
SINGAPORE – Three former school campuses in Upper Changi and Teban Gardens are set to make way for planned housing developments. The Housing Board is seeking consultancy services for proposed demolition works at the former sites of Changkat Changi primary and secondary schools, and Pandan Primary. According to documents published on Wednesday (Aug 10), it is[…]
SINGAPORE – Singapore racked up its best quarter ever for commercial property deals to defy a sharp region-wide decline, noted a report on Wednesday (Aug 10). Deal volume here climbed 74 per cent to US$5.6 billion ($7.72 billion) in the three months to June 30 – a record level for a single quarter – as[…]
SINGAPORE – Ang Mo Kio residents affected by the Selective En bloc Redevelopment Scheme (Sers) will now have the option of applying for a new flat in the same estate. In an upcoming Build-To-Order (BTO) sales exercise this month (August), up to 10 per cent of the flats offered at Central Weave @ Ang Mo Kio BTO[…]
SINGAPORE – The Housing Board expects to complete all Build-To-Order (BTO) projects that were delayed by the Covid-19 pandemic in two to three years. Giving an update on such projects on Saturday (July 30), HDB said more than 7,200 flats were completed in the first half of this year, up from the previous two years.[…]
SINGAPORE – Three Singapore developers are stepping up land banking via the collective sale market, with their latest tie-up being the acquisition of Park View Mansions in Yuan Ching Road for $260 million. Citing higher costs, construction delays due to labour shortage and supply disruptions, as well as macroeconomic uncertainties arising from the spike in inflation and[…]
SINGAPORE – CapitaLand-owned mall JCube looks set to make way for a mixed-use residential development, based on a proposed amendment to the site’s land use. The proposed amendment to the Urban Redevelopment Authority’s (URA) masterplan, published by the agency on July 22, stated that JCube’s 7,771.2 sq m plot may be changed from commercial use[…]
SINGAPORE – Orchard Bel-Air condominium in prime Orchard Boulevard has jumped on the collective sale bandwagon with a public tender at a guide price of $587.5 million. If successful, owners of units ranging from 300 sq m to 303 sq m stand to receive about $8.1 million each, while the owner of the sole 605 sq m[…]
SINGAPORE – Euro-Asia Apartments, an 84-unit development in Serangoon Road, has been sold via a collective sale tender to an associated company of Singapore-listed property firm KSH Holdings for $222.18 million, above its guide price of $218 million. The associated company, KSH Ultra Unity, is also owned by H10 Holdings, an associate company of Ho Lee[…]
SINGAPORE (THE BUSINESS TIMES) – Meyer Park, a freehold seafront condominium development at 81 and 83 Meyer Road in Marine Parade, has been launched for collective sale at a reserve price of $420 million. This works out to a land rate of about $1,720 per square feet per plot ratio (psf ppr) after factoring in[…]
SINGAPORE – Nightlife destination Clarke Quay is refreshing its tenant mix to have day and night offerings after a year-long revamp. CapitaLand, which owns and manages the property, said on Tuesday (July 26) that the $62 million revamp will begin in the third quarter of 2022 and be completed in the third quarter of[…]
