Q3 private home prices up 0.4%
Private home prices in Singapore rose by 0.4 percent in the third quarter this year, according to updated figures released on Friday by the Urban Redevelopment Authority (URA). This is still lower than the 1.0 percent increase seen in Q2. Specifically, prices of non-landed properties in...
Continue Reading • 25 Oct 2013
Singapore CBD office rents 8th most expensive globally
Office space in Singapore’s central business district is listed as the 8th most expensive in the world, with rents almost similar to that of Fifth Avenue in New York, one of the world’s most expensive shopping streets, a report from Jones Lang LaSalle revealed.Renting an...
Continue Reading • 25 Oct 2013
Malacca Centre office floor for sale
An entire floor at Malacca Centre (pictured) is up for sale by private treaty with a price tag of about S$3,060 psf, revealed marketing agent Savills Singapore. Located at Raffles Place, Malacca Centre is a strata-titled office building comprising 16 floors and comes with a 999-year lease. It...
Continue Reading • 24 Oct 2013
Gambas Crescent industrial sites awarded to highest bidder
Two industrial sites at Gambas Crescent (pictured) have been awarded to Grow-Tech Properties after the developer submitted top bids for them, revealed the Urban Redevelopment Authority (URA). Launched for sale on 29 August, the two plots have a lease of 30 years and are zoned for Business 1...
Continue Reading • 24 Oct 2013
School campus in Swiss Club precinct up for lease
The German European School Singapore campus at 72 Bukit Tinggi Road (pictured) has been launched for 26-year lease tender, according to marketing agent Savills Singapore. The lease has a renewal option of another one-plus-one year that could be granted thereafter.Located within The Swiss Club...
Continue Reading • 22 Oct 2013
For sale: Freehold shophouses along Upper Bukit Timah Road
A cluster of five freehold shophouses (pictured) along Upper Bukit Timah Road has been put up for sale by expression of interest (EOI) according to appointed marketing agents, Jones Lang LaSalle (JLL) and CBRE.Located at Nos. 826/A to 834/A (even numbers) Upper Bukit Timah Road, the two-storey...
Continue Reading • 22 Oct 2013
SkyPark Residences is most popular EC in 2013
The e-application exercise for SkyPark Residences, the seventh and last executive condominium (EC) to launch in 2013, closed on Sunday attracting over 1,600 applications, or more than three times the 506 units available. Jointly developed by JBE Holdings and Keong Hong Holdings, SkyPark...
Continue Reading • 21 Oct 2013
Entire 20th floor at Peninsula Plaza for sale
The entire 20th floor of Peninsula Plaza (pictured) is up for sale via expression of interest (EOI), according to marketing agent DTZ. The subject property has a total strata area of 8,514 sq ft and comprises six strata units ranging in size from about 990 to 1,776 sq ft. Interested parties...
Continue Reading • 21 Oct 2013
New contest to guesstimate The Istana's value
Ever wondered what The Istana is worth? That’s the question posed by PropertyGuru in a new contest that aims to get Singaporeans to enter a hypothetical, indicative value of this iconic property. Launched on Friday, the PropertyGuru Value-Estimate Contest is also the first of its kind in...
Continue Reading • 18 Oct 2013
Leedon Road GCB up for sale
A colonial-style good class bungalow (GCB) at Leedon Road has been put up for sale via expression of interest (EOI), revealed marketing agent DTZ. Located within the prime GCB area of Belmont Park, the site has an area of about 43,926 sq ft and is zoned residential under the 2008 Master Plan. It...
Continue Reading • 17 Oct 2013
Free Saturday seminar at Eight Riversuites
Leading real estate portal PropertyGuru, in partnership with UE Development, will hold a consumer seminar at the sales gallery of Eight Riversuites along Whampoa East Road at 12:30pm this Saturday (19 October). The event will focus on the investment potential of city-fringe areas in...
Continue Reading • 17 Oct 2013
Asia's hotel sector remains resilient
Despite a growing pipeline supply and global economic uncertainties, hotel operations in Asia showed resilience during the first eight months of 2013, with increased activity on the part of buyers, CBRE Hotels said.This is fuelled by the need for assets with genuine growth potential and the...
Continue Reading • 17 Oct 2013
New home sales rebound in Sept
Sales of new private homes in September reached 1,246 units, up 68 percent from the 742 units sold in August, according to data released on Wednesday by the Urban Redevelopment Authority (URA). Including executive condominiums (ECs), the figure increased to 1,658 units or a 13 percent hike from...
Continue Reading • 16 Oct 2013
Two industrial buildings in Joo Koon for sale
Two industrial buildings located in Joo Koon are up for sale by expression of interest (EOI), said marketing agent Jones Lang LaSalle. The property at 9 Joo Koon Road (pictured) is a single-storey factory with a mezzanine level and comprises warehouse and office spaces. The 39,116 sq...
Continue Reading • 16 Oct 2013
Seletar Mall gets anchor tenants
The upcoming Seletar Mall in Sengkang West has confirmed three anchor tenants that will provide nearby residents with a variety of shopping, entertainment and dining options, revealed media reports.The complex will house an NTUC Foodfare food court, NTUC FairPrice's upscale supermarket...
Continue Reading • 16 Oct 2013
Orchard Rd ranks 27th most expensive retail street worldwide
Singapore’s shopping hub Orchard Road has emerged as the world’s 27th most expensive retail street with annual rents at US$355.39 psf (S$443.70), down from 25th place last year, noted a Colliers International survey. Retail streets in Hong Kong featured prominently in the top...
Continue Reading • 14 Oct 2013
More new projects hitting the market
Two private residential developments are expected to enter the market in the coming weeks as developers find little incentive to hold back new launches. The Inflora, a 396-unit condominium located along Flora Drive in Upper Changi will open its showflat from this weekend, while sales bookings...
Continue Reading • 11 Oct 2013
Sembawang EC to open for E-application
SkyPark Residences, the first executive condominium (EC) with a 100-metre SkyPark and various water facilities in Sembawang, will open for e-applications on 12 October 2013.Jointly developed by Keong Hong Holdings and JBE Holdings, the 506-unit development will feature three- to five-bedroom...
Continue Reading • 10 Oct 2013
Q3 industrial activity slows: report
The industrial property market witnessed a slowdown in both sales and leasing activity in Q3 this year, revealed a Colliers International report. Average capital values of prime freehold conventional factory space dipped slightly last quarter, after reporting gains over the past 16...
Continue Reading • 10 Oct 2013
For sale: 5 landed houses in Sembawang Park
Two semi-detached and three terrace houses in the residential enclave of Sembawang Park have been launched for sale by tender, marketing agent CBRE said. The terrace houses at Kerong Walk have land sizes of between 2,187 sq ft and 2,946 sq ft, while the larger semi-detached properties have...
Continue Reading • 10 Oct 2013