Industrial property in Jurong for sale
A large industrial site at 158 Gul Circle (pictured) has been put up for sale by expression of interest (EOI), said marketing agent Jones Lang LaSalle. Located within an established industrial estate in Jurong, the 120,062 sq ft site comprises a two-storey building with office and production...
Continue Reading • 10 Oct 2013
Asia Pacific hotel investment sales up 151.1%
The total value of Asia Pacific investment sales surged 151.1 percent to US$2.77 billion (S$3.46 billion) in Q3 2013 from US$1.10 billion (S$1.37 billion) in the same period last year, according to Savills Research.Japan, Australia and Singapore emerged as the top three markets,...
Continue Reading • 9 Oct 2013
EC offers resident farming
In a bid to promote green living, City Developments Limited (CDL) unveiled an innovative feature at the 380-unit Lush Acres executive condominium (EC) that allows residents to grow vegetables using hydroponic technology. Touted as the first-of-its kind in Singapore and the region, the...
Continue Reading • 8 Oct 2013
Lower priced homes see more sales
Homes with lower quantum or absolute prices generated more sales as evidenced by the results of the four launches held last month, according to The Straits Times.In a story published last week, it was reported that Keppel Land's The Glades in Tanah Merah sold only 80 units out of the 200 released...
Continue Reading • 8 Oct 2013
Singapore total investment value rises to S$12.3b
Total investment value in Q3 2013 soared quarter-on-quarter to S$12.3 billion from S$5.3 billion in Q2 2013, according to Knight Frank.In a release the company said the jump in investment sales was primarily attributed to transactions within the public sector which saw the award of plum...
Continue Reading • 8 Oct 2013
Sentosa's bungalow market on the up
The 99-year leasehold bungalow market on Sentosa Cove is expected to see more activity, following a slowdown in July, media reports said. This comes after authorities closed loopholes that saw some investors making proxy purchases in the names of family members who do not own properties...
Continue Reading • 7 Oct 2013
Two floors in CBD building up for sale
The first and second floors of GB Building’s podium block (pictured) have been put up for sale by expression of interest (EOI), said marketing agent Cushman & Wakefield. The total strata floor area of the two floors is about 13,067 sq ft. Located at Cecil Street in the CBD, the...
Continue Reading • 4 Oct 2013
S'pore property investments set new high
Real estate investment activity hit a new quarterly record in Q3 2013 reaching S$13.3 billion, exceeding the previous high set in Q3 2007 of S$12.4 billion, according to DTZ. Notably, investment sales included transactions that were S$5 million and above while excluding the S$734 million of...
Continue Reading • 4 Oct 2013
Luxury brand Clermont to launch Singapore's tallest residences
GLH, a subsidiary of Singapore-listed GuocoLeisure Group, has launched a new luxury hotel and private residences brand dubbed Clermont. This will see the opening of three developments in Singapore, Malaysia and London in the next few years. Clermont Singapore will form part of Tanjong Pagar...
Continue Reading • 3 Oct 2013
Cluny Park Residence to host tea workshop
PropertyGuru is partnering with developer Tuan Sing Holdings to hold a Tea Appreciation Talk at the Cluny Park Residence sales gallery along Dempsey Road at 2:30pm this Saturday (5 October).Following the recent success of the portal's Wine Appreciation Talk at Sennett Residence, this latest event...
Continue Reading • 3 Oct 2013
Average Grade A office rents up 2.8%
Singapore’s office market continues to rally in Q3 2013 with average Grade A office rents climbing 2.8 percent quarter-on-quarter, according to a Cushman & Wakefield report. All major submarkets reported growth in average rents while overall vacancies fell across the CBD. For instance,...
Continue Reading • 2 Oct 2013
Jem mall reopens to public
Jem (pictured) reopened its doors this morning, two weeks after the collapse of a partial false ceiling on the first floor of the shopping mall. This comes after rectification works and thorough checks were carried out by engineers to ensure that the Jurong East complex is safe for...
Continue Reading • 2 Oct 2013
Asia hotel investments up 145%
Hotel investment volumes in Asia increased 145 percent year-on-year to reach US$3.9 billion (S$4.9 billion) this year as of end-Q3, noted a report from Jones Lang LaSalle's Hotels & Hospitality Group. In the third quarter alone, the market recorded US$1.2 billion (S$1.5 billion) of...
Continue Reading • 2 Oct 2013
Riviera Point up for $68m collective sale
A 33-unit residential development at the junction of River Valley Road and Kim Yam Road has been launched for collective sale by public tender, with its owners expecting offers above S$68 million, which translates to about S$1,379 psf ppr, according to marketing agent Jones Lang LaSalle. The...
Continue Reading • 1 Oct 2013
Private property prices up 0.4%: URA
Singapore’s private residential property index saw a moderate climb of 0.4 percent to reach 216.2 in Q3 2013, revealed flash estimates from the Urban Redevelopment Authority (URA). But there are indications that private home prices in all segments are on the decline following the recent...
Continue Reading • 1 Oct 2013
Vacant plots at Yio Chu Kang go on sale
Two adjoining freehold residential sites off Yio Chu Kang Road (pictured) have been launched for sale by tender, said property consultancy Colliers International.Located at Tung Po Avenue in a mainly landed housing estate, the vacant plots have a total area of about 32,606 sq ft and are zoned for...
Continue Reading • 1 Oct 2013
Jem mall to reopen this Wednesday
After much anticipation, shopping mall Jem (pictured) will reopen on Wednesday (2 October), according to an update on its Facebook page. The news comes almost two weeks after the mall's temporary closure for rectification works following the collapse of part of a ceiling on the first...
Continue Reading • 30 Sept 2013
URA releases two sites at Upper Serangoon View for sale
Two residential sites at Upper Serangoon View (pictured) were launched for sale on Monday by the Urban Redevelopment Authority (URA). The plots were released under the confirmed list of the 2H2013 Government Land Sales (GLS) Programme and will provide developers and buyers with more private...
Continue Reading • 30 Sept 2013
Slow population growth may lead to housing oversupply
Singapore could face an oversupply in the private residential market as a consequence of its population growth, which increased at its slowest pace in nine years reaching 5.4 million in June 2013, up 1.6 percent from 5.31 million during the same period last year.Notably, the non-resident...
Continue Reading • 30 Sept 2013
5 units at 8 Nassim Hill sold for $2,400 psf
The portfolio sale of six high-end residences at 8 Nassim Hill in prime District 10 has seen healthy demand from buyers, with five units sold since its launch in April, revealed marketing agent Savills.Most of the buyers are Singaporeans and the rest are foreigners and PRs.“The...
Continue Reading • 30 Sept 2013