W Hotels launches The Residences at W Bali - Seminyak
W Hotels Worldwide has announced the launch of The Residences at W Bali – Seminyak – the company’s first residential project in Indonesia.Located in the Seminyak area on the paradise island of Bali, The Residences at W Bali – Seminyak features 79 private villa-style...
Continue Reading • 16 Jul 2010
Over 100 units of Terrene @ Bukit Timah snapped up
More than 100 units of the Terrene at Bukit Timah condo project has been snapped up.This comprises 80 percent of the 130 units released during a private preview which started on July 8. The remaining 42 units of the 172-unit project will be released today during the official launch.The 999-year...
Continue Reading • 16 Jul 2010
14 strata shops put up for sale
Fourteen freehold strata shop units located on the second floor of Holland Road Shopping Centre have been offered for sale.The units, which occupy a total floor area of 5,543 sq ft, have separate titles but will be sold jointly. Currently, all the units are being rented by various tenants and the...
Continue Reading • 15 Jul 2010
Melrose Court up for collective sale
Melrose Court, a freehold site located at No.10, Lorong Limau has been launched for en bloc sale through a public tender.The site currently houses a four-storey residential development comprising 32 units, and is zoned for residential use. It has a maximum land area of 23,789 sq ft and a plot...
Continue Reading • 15 Jul 2010
Older condos selling at a loss
Despite the sky-rocketing property prices in Singapore, some private properties are valued below their original purchase price.A news report indicated that even with the recent growth in the real estate market, some over 10-year-old condominiums are priced approximately 20 percent cheaper than...
Continue Reading • 15 Jul 2010
Singapore among most active commercial property investors
Singapore is one of the most active regional investors in the Asia-Pacific in terms of cross border commercial real estate investments, according to a study conducted by property consultancy group DTZ Research.DTZ said investors from Singapore, Australia and Hong Kong spent almost US$1.8 billion...
Continue Reading • 15 Jul 2010
Tomlinson Investment acquires People's Mansion for S$42.7m
Tomlinson Investment has acquired People's Mansion at Lorong 31 in Geylang for S$42.68 million through an en bloc sale, surpassing the second highest bid of S$42.1 million. This translates to around S$421 psf ppr.Urban Front Real Estate closed the public tender for the site on July 2 after...
Continue Reading • 14 Jul 2010
Biggest collective sale sealed
Meng Garden Apartments off Killiney Road has gone on collective sale for $137 million or approximately $1,380 psf ppr, including a development charge of about $681,000 – taking the year-to-date tally to 16 deals at approximately $786 million.Boutique developer TG Development, which acquired...
Continue Reading • 14 Jul 2010
Goodrich Park Condo and Cavenagh Mansions sold
Goodrich Park Condominium and Cavenagh Mansions have been sold after their respective tenders closed last week.Goodrich Park, located at the Upper Serangoon area was sold by BBR Holdings through an en bloc sale for $86 million. This translates to a unit price of $629 psf ppr, with no development...
Continue Reading • 13 Jul 2010
Singapore shopping malls benefit from World Cup fever
Shopping malls in Singapore benefited from the World Cup fever. Several retailers in malls screening live matches said they saw a growth in business by almost 20 percent since the tournament started.For example, crowds at 313@Somerset have increased by almost 10 percent due to several ongoing...
Continue Reading • 12 Jul 2010
Choosing to invest in shophouses and strata shops
The number and value of shophouses and strata shops transacted in the first half of 2010 were down slightly compared with the previous half year, according to a study conducted by Knight Frank.However, the property consultancy firm predicts that the result for the whole-2010 will exceed that of...
Continue Reading • 12 Jul 2010
Prime strata office floors at GB building up for sale
Commercial property services company CB Richard Ellis (CBRE) has announced the launch of the private treaty sale of four titled units on the 23rd to 26th storeys of GB Building.The building, which is located at the corner of McCallum Street and Cecil Street within the CBD, is a 26-storey office...
Continue Reading • 12 Jul 2010
Key tenants at revamped Katong Mall unveiled
The landlord of the former Katong Mall, which will reopen in Q3 2011, has unveiled three key tenants, which include Golden Village Multiplex, Market Place by Cold Storage and the BreadTalk Group.Following a $60-million facelift, the tenants will occupy 32 percent of retail space at Katong Mall,...
Continue Reading • 12 Jul 2010
Rental rates for residential units surge
Rental rates for residential units in Singapore have tracked the increase in private property prices, with rentals for condos posting a significant increase of 5.8 percent within the first five months of 2010.According to data presented by URA, median rentals of non-landed residential properties...
Continue Reading • 12 Jul 2010
Units at Regent Grove sell for $665 psf
While transactions of new home sales have fallen, prices appear to have held up.At Choa Chu Kang, several condominium units are being offered at the price range of $600 psf. For instance, the 553-unit 99-year leasehold Regent Grove condo at Choa Chu Kang North 7 has attracted homebuyers who are...
Continue Reading • 12 Jul 2010
96 units sold at 368 Thomson
City Developments Limited (CDL) has sold 96 of the 120 units released for sale in the first phase of its 368 Thomson condo, at an average price of $1,350 psf.The property developer said it is releasing more units to cater to increasing demand. The 36-storey freehold condominium located in...
Continue Reading • 12 Jul 2010
CDL, UOL continue to sell condo units
City Developments Ltd (CDL) and UOL Group have continued to sell units over the weekend at their recently released condominium projects.UOL and LaSalle Investment Management sold another 46 units over the weekend at The Terrene at Bukit Timah aside from the 50 units they had sold on...
Continue Reading • 12 Jul 2010
Esplanade Xchange opens
Esplanade Xchange, Singapore’s latest underground retail space is now officially open.Located above the Esplanade MRT Station, the retail space is the first Xchange along the partially opened Circle Line. It is also near Suntec City and Marina Square.Out of the 26 tenants at the Xchange, 14...
Continue Reading • 9 Jul 2010
The Sound set to be launched
Leading private property developer Far East Organization has announced that its latest freehold development – The Sound – is set to be launched.Situated in Siglap, the family-friendly condominium is a short walk to East Coast Park via the Siglap Park connector. It is also close to...
Continue Reading • 9 Jul 2010
Foreigners seek more landed homes
Foreigners have purchased more landed homes in District 15, which includes Telok Kurau, Katong, Siglap and East Coast Road – and District 4, which includes Sentosa Cove. The next most popular districts among foreigners purchasing landed properties are Districts 19, 10 and 16, while...
Continue Reading • 8 Jul 2010