Tampines site attracts 6 bids
A land parcel at Tampines Avenue 8 has attracted a total of six bids, with a joint bid between Hoi Hup Realty Ltd, Sunway Developments Ltd and SC Wong Holdings Ltd offering the highest bid of $187.59 million, in a public tender that closed yesterday.“The site attracted six bids which shows...
Continue Reading • 24 Nov 2010
URA awards Peck Seah Street white site
The URA has awarded a white site at the junction of Peck Seah Street and Choon Guan Street to Perfect Eagle Ltd, Guston Ltd and Belmeth Ltd, which offered a joint bid of $1.71 billion in a public tender that closed on November 16.Zoned for commercial, hotel or residential use, the site was...
Continue Reading • 23 Nov 2010
More posh condo units yet to be sold
Many luxury condominium units in Singapore are still vacant even after completion, as the luxury home market remains quiet in the previous years.According to new data released by property consultancy firm CB Richard Ellis (CBRE), 12 condo projects have been completed this year, each with over 10...
Continue Reading • 23 Nov 2010
Sim Lian releases more units at Waterview condo
Mainboard-listed Sim Lian Group Ltd. is releasing more units at the Waterview condo project to meet demand, bringing the total number released to 500 units.Sim Lian’s latest project received good response after the official launch last Friday, with 332 out of the 390 units released already...
Continue Reading • 23 Nov 2010
Bungalow sales gather momentum
A bungalow located at 6 Coronation Road West, in the Oei Tiong Ham Park Good Class Bungalow (GCB) area, was recently sold at a Colliers International auction, fetching a price of $26.6 million.The one-storey bungalow, which is said to be over 30 years old, has an outhouse, a guesthouse and a...
Continue Reading • 22 Nov 2010
Aspial acquires Cardiff Grove site
Aspial Corporation, through its wholly-owned subsidiary, World Class Land Pte Ltd, has acquired a site at Cardiff Grove for $31.63 million.The site has a total land area of 4,772.3 sq m and is zoned for residential use with a gross plot ratio of 1.4. Subject to approval from the relevant...
Continue Reading • 22 Nov 2010
200 units sold at Waterview condo
Property developer Sim Lian has already sold 200 units at the Waterview condo project at Bedok Reservoir since the preview started last week, with an average selling price of $838 psf.So far, Sim Lian has released 50 percent or 348 units of the 696-unit Waterview condo, which will be officially...
Continue Reading • 19 Nov 2010
Undergrad a millionaire at just 22
According to a recent newspaper article, there’s a 22-year-old undergraduate in Singapore who already owns properties and luxury cars worth more than S$5 million.Only known as Ah Long, it’s understood that his parents bought him two condo units valued at S$2.2 million. He had earlier...
Continue Reading • 19 Nov 2010
80 more units to be released at Spottiswoode
Property group UOL is releasing 80 more units at Spottiswoode Residences after buyers snapped up 130 of the 150 units released during the project’s preview last week.The units were sold at prices of between $1,720 psf and $2,150 psf, and four of the seven penthouses have been sold, with one...
Continue Reading • 18 Nov 2010
Guocoland to build Singapore's tallest residences
Singapore-listed developer GuocoLand has won the tender for a “white” site located above Tanjong Pagar MRT Station, offering the highest bid of $1.708 billion or $1,006 psf ppr among the six bidders.GuocoLand, owned by Malaysian tycoon Quek Leng Chan, plans to develop the tallest...
Continue Reading • 18 Nov 2010
Peck Seah Street site receives six valid bids
The public tender for a white site located at the junction of Peck Seah Street and Choon Guan Street closed on Tuesday, drawing a total of six valid bids.The highest bid came from a joint bid between Perfect Eagle, Guston and Belmeth at about $1.708 billion, followed by a joint bid between RQ...
Continue Reading • 18 Nov 2010
Pine Grove gets nod for en bloc after failed attempts
Pine Grove, a 660-unit property in Ulu Pandan, is likely to be put up for collective sale again, with a reserve price of approximately $1.7 billion, according to Channel NewsAsia.If successful, the transaction would be the highest in the en bloc sales market, exceeding the $1.34 billion record...
Continue Reading • 18 Nov 2010
Private home sales up 16%
The URA monthly sales volume jumped 16 percent month-on¬-month to 1,058 units in October, pointing to a sooner-than-expected recovery in sales after the state intervention in August, according to Jones Lang LaSalle (JLL).“While we had expected the latest measures, which are restrictive...
Continue Reading • 16 Nov 2010
Serene Centre, Serene House launched for sale
Colliers International has put up Serene Centre and Serene House, both off Bukit Timah Road, for sale.Serene House is a freehold four-storey walk-up residential block with 24 apartments. Under the 2008 Master Plan, the 39,828 sq ft rectangular site is zoned for residential use with a gross plot...
Continue Reading • 16 Nov 2010
Yuan Ching Road land parcel up for tender
A site at Yuan Ching Road has been launched for sale under the Design, Build and Sell Scheme (DBSS).Proposed for public housing development, the 99-year leasehold site could potentially yield up to 580 housing units. It has a total site area of 21,199.7 sq m and a maximum allowable gross floor...
Continue Reading • 16 Nov 2010
URA launches hotel site for sale
The URA has launched a hotel site at Gopeng Street / Peck Seah Street for sale through a public tender, after a developer committed to bid not less than S$94.05 million.It was made available for sale on February 21 through the government’s Reserve List system. The site is located at the...
Continue Reading • 16 Nov 2010
Some high-end homes resold at a loss
Nine units purchased in 2009 were sold this year at a loss in the sub-sale market, according to an analysis by Savills of caveats captured by the URA Realis as of October 19.According to the analysis, 78 out of 87 homes purchased between 2006 and 2009 were sold for a profit.The sellers who lost...
Continue Reading • 15 Nov 2010
Developers, agents offer rewards to boost home sales
With the slowdown in home sales, property developers and agents are trying to boost buying interest by offering rewards such as cash vouchers, lucky draws and holidays.One of them is property developer Wing Tai Holdings, which is holding a promotion at its Ascentia Sky project in Alexandra...
Continue Reading • 15 Nov 2010
HDB awards Upper Serangoon View condo site
HDB has awarded a land parcel at Upper Serangoon View to FCL Topaz Ltd, Far East Civil Engineering Ltd and Sekisui House Ltd after they offered a joint bid of $156.80 million in a public tender that closed on November 9.The site is proposed for condominium housing development, and could...
Continue Reading • 15 Nov 2010
320 units at The Lakefront Residences sold
Keppel Land’s The Lakefront Residences has sold 70 units over the weekend, bringing its total sales to 320 units sold.This represents 80 percent of the 400 units currently in the market for sale, where the average psf price for the project is at $1,020, said a Keppel Land spokeswoman.The...
Continue Reading • 15 Nov 2010