UOL acquires Lion City Hotel, former Hollywood Theatre
UOL Group has acquired Lion City Hotel and the adjoining former Hollywood Theatre site for S$313 million.With a freehold land area of 147,909 sq ft, the price tag works out to around S$779 psf of potential gross floor area (GFA), inclusive of development charges of approximately S$77.8 million,...
Continue Reading • 19 Jan 2011
Spottiswoode 18's small units a big hit
Roxy-Pacific Holdings sold about 170 units of Spottiswoode 18 at the project’s Tuesday launch, at an average price of S$1,900 psf.The project’s small units proved to be popular among investors. The majority of the apartments — 150 of the 251 units — are only 387 sq ft...
Continue Reading • 19 Jan 2011
Bedok Reservoir Road site up for tender
The Urban Redevelopment Authority (URA) has launched the tender for a residential site located at Bedok Reservoir Road, making it the first residential site to be sold via the confirmed list under the H12011 GLS Programme.The 45,622.9 sq m site will have a maximum permissible gross floor area...
Continue Reading • 19 Jan 2011
Demand for shoe-box apartments to stay
The demand for “shoe-box” apartments will likely stay, said Ching Chiat Kwong, CEO of Oxley Holdings.“If you look at the way Singapore is developing — high economic growth, rising home-owning aspirations, more local and expatriate singles, young couples who prefer dogs...
Continue Reading • 18 Jan 2011
Developers announce positive weekend sales
Real estate developers continued to report transactions yesterday, with Oxley Holdings announcing that it has sold 22 of the 36 residential units and three of the five shop units at Vibes@Kovan, which was launched over the weekend.The 22 apartments, ranging from 377 sq ft to 1,001 sq ft, fetched...
Continue Reading • 18 Jan 2011
December private home sales soar despite cooling measures
About 1,699 private home transactions were recorded in December 2010, the highest monthly sales for 2010 and the highest number of home deals in December for the last few years.“We normally see a dip in the number of transactions at the year-end,” said Mohamed Ismail, Chief Executive...
Continue Reading • 18 Jan 2011
HarbourFront Centre gets BCA's Green Mark Platinum Award
Previously known as Singapore’s World Trade Centre, HarbourFront Centre has become one of the oldest buildings to receive the Building and Construction Authority (BCA)’s Green Mark Platinum Award.The Platinum standard is the highest rating under the Green Mark scheme, which was...
Continue Reading • 18 Jan 2011
Ying Mansions, Villa D'Este up for sale
CB Richard Ellis (CBRE) has launched the public tender for the sale of Ying Mansions, located at 25 Robin Road, and the re-launch of Villa D’Este.Ying Mansions is an eight-unit apartment development sitting in an exclusive area off Bukit Timah Road in District 10. With an area of about...
Continue Reading • 18 Jan 2011
Fewer landed homes launched in Singapore
About 2,900 new landed homes were launched in the first nine months of 2010, which accounted for 2.9 percent of all the 99,200 new private homes launched during that period, down from 8.2 percent in 2000.Out of the 52,700 new private homes launched in 2000, 4,300 were landed.“The drop in...
Continue Reading • 18 Jan 2011
Home prices, sales volume to drop: CEO CapitaLand
Private home prices and sales volume will likely drop, following the government’s latest set of measures to cool the real estate market, said Liew Mun Leong, CEO of CapitaLand.However, Mr. Liew said he is “not too unhappy” with the property measures as they will make it easier...
Continue Reading • 17 Jan 2011
Golden Development acquires Gopeng Street site
A hotel site at the junction of Gopeng Street and Peck Seah Street has been awarded to Golden Development Private Limited, after it offered the highest bid of S$194.77 million in a public tender that closed on January 11.The 99-year leasehold site was put up for sale on November 15, under the...
Continue Reading • 17 Jan 2011
Developers cut prices following new measures
Property developers have begun reducing prices and offering discounts on a case-by-case basis in an effort to stop buyers from withdrawing from planned purchases.Roxy-Pacific Holdings might lower asking prices for the upcoming launch of Spottiswoode 18. Following Thursday’s announcement of...
Continue Reading • 17 Jan 2011
Loft@Holland sold out soon after launch
Oxley Holdings Limited announced that Loft@Holland has received strong response, with all 41 apartments taken up within two hours of the project’s soft launch on Thursday.With the strong demand, balloting will be conducted for all except two units, said Oxley.Each unit received about three...
Continue Reading • 14 Jan 2011
More developers expect higher prices for new homes
The outlook of developers for the real estate sector became rosier in the fourth quarter of 2010, with a large percentage of them expecting higher prices for new residential launches.Preliminary findings from the Real Estate Sentiment Index (RESI) showed an improved sentiment from Q3, when the...
Continue Reading • 14 Jan 2011
Railway land agreement offers property development opportunities
The historic agreement between Singapore and Malaysia to settle the long-standing issue on the railway land that runs through the two countries will bring about real estate development opportunities in Singapore and Iskandar Malaysia, said a DTZ Research report.Careful land allocation has always...
Continue Reading • 13 Jan 2011
Gopeng Street hotel site receives seven bids
The Urban Redevelopment Authority (URA) announced that the public tender for a hotel site at the junction of Gopeng Street and Peck Seah Street has received a total of seven bids, with Golden Development Private Limited offering the highest bid of S$194.77 million.Li Hiaw Ho, executive director...
Continue Reading • 12 Jan 2011
Royal Group acquires Ogilvy Centre hotel site
Royal Group Holdings Pte Ltd has acquired the Ogilvy Centre hotel site for S$86 million, after emerging as the top bidder in a public tender launched by the Urban Redevelopment Authority (URA).The site, located at the junction of Robinson Road and Boon Tat Street, was made available for sale on 2...
Continue Reading • 12 Jan 2011
Newton View re-launched for collective sale
Newton View, located at 26 Newton Road, has, for the second time in less than six months, been launched for collective sale, with a slight decrease in asking price.The owners of the freehold project are now asking for $150 million, slightly lower than the $153 million to $155 million they had...
Continue Reading • 11 Jan 2011
Owners install lap pools to increase property values
An increasing number of Singaporeans are turning to small swimming pools — the latest trend in home design — as a fast way to increase the value of their property.According to The Straits Times, pool contractors have seen business double in the last three years, due to new designs...
Continue Reading • 11 Jan 2011
Landed home crisis to worsen
The landed home crunch will likely worsen in the coming years, due to limited available stock.The number of landed homes has risen by only six percent in the last 10 years, while the number of apartments has gone up by 47 percent.As of the third quarter of last year, 69,701 of the 256,513 private...
Continue Reading • 11 Jan 2011