Two condos to launch for preview this week
Two new condominiums – The Terrene @ Bukit Timah and 368 Thomson – are expected to be released for preview this week.The Terrene, jointly developed by LaSalle Investment Management and UOL Group, is a 999-year leasehold, five-storey project with 172 units, ranging from one bedders to...
Continue Reading • 7 Jul 2010
BS Capital acquires Kim Keat site for $36m
Boutique developer BS Capital has acquired a freehold site located at Kim Keat Road-Lorong Ampas for more than $36 million or $670 psf of potential gross floor area, which includes an estimated development charge of around $25 million.The site is intended to be developed into a 20-storey project...
Continue Reading • 6 Jul 2010
Villa D'Este up for collective sale
Villa D'Este, a freehold residential site located at Dalvey Road, has been offered for sale through a collective sale exercise. With a guide price of $115 million, it reflects a unit land price of approximately $2,343 psf, with no development charge.The residential site has a total land area of...
Continue Reading • 6 Jul 2010
Property auction sales increase in H1
Property auction sales in Singapore increased to $87 million in the first half of 2010.Property consultancy firm Jones Lang LaSalle's Auction House has announced that over 80 percent of the total listings were put up for sale by owners. According to JLL, the surge in the number of properties...
Continue Reading • 6 Jul 2010
Investment sales market sees increase in larger deals
The investment sales market in Singapore has seen an increase in the number of larger deals sealed, according to property consultancy firm DTZ Research.For Q2 2010, 15 transactions worth more than $100 million were recorded, which totalled around S$3.5 billion. These deals make up almost three...
Continue Reading • 6 Jul 2010
Private residential resale prices increase in Q2
Residential capital values in the resale market for private condos continued to increase on the back of encouraging volume of sales in the second quarter of 2010, said property consultancy group Jones Lang LaSalle (JLL).JLL said estimates showed that the growth in Q2 was led by central and prime...
Continue Reading • 6 Jul 2010
Small office space attracts more interest
Investing in a condo unit may be popular, but some homebuyers are choosing a very different part of the real estate market.They have turned to the office sector to pick up strata-titled office units as another form of investment, as hopes of a recovery within the office market grow this...
Continue Reading • 5 Jul 2010
Suburban malls rents catch up with Orchard Rd
Rents at Singapore's suburban malls are fast catching up with prime Orchard Road retail space rents, as neighbourhood malls draw more interest from tenants and shoppers.The difference between suburban rents and prime Orchard Road rents narrowed to just nine percent in Q2 2010, from 24 percent at...
Continue Reading • 5 Jul 2010
SLA to re-launch tender for Old Admiralty House site
The Singapore Land Authority (SLA) has announced the re-launch of a public tender for the Old Admiralty House site, which is part of the former British naval base in Sembawang.SLA has terminated the contract with the YESS Resorts and Country Club, which had used the site in 2007 for a monthly...
Continue Reading • 2 Jul 2010
HDB launches three more sites for sale
HDB has launched three more sites for sale through a public tender under the second half of the Government Land Sales (GLS) programme.One of them is a mixed commercial-residential site, while the other two are residential sites.The mixed development site is situated at the junction of New Upper...
Continue Reading • 2 Jul 2010
FEO revamps design for Scotts Tower
Property developer Far East Organisation (FEO) has changed the design and architect for Scotts Tower situated at the junction of Scotts and Cairnhill roads.The 31-storey, 153-m tower was originally planned to yield 67 luxury apartments with panoramic views and had a built-up floor area of around...
Continue Reading • 1 Jul 2010
FEO launches Inessence brand
Far East Organization (FEO) launched its luxury development brand – 'Inessence' – with a sneak preview of 'Skyline @ Orchard Boulevard' yesterday.Four developments – Alba, Boulevard Vue, Scotts Tower and Skyline will come under the 'Inessence' brand.Two trademarks of the...
Continue Reading • 1 Jul 2010
H1 property auction market jumps 20 percent
The property auction market in Singapore has jumped 20 percent on-year to S$87 million in the first half of 2010, according to property consultancy firm Colliers International.About 440 properties were put up for sale in the auction market, out of which 378 properties came from property owners...
Continue Reading • 1 Jul 2010
Double Bay Residences' launch boosts unit prices
Double Bay Residences may still take three years to complete, but some buyers of the 646-unit, sold out condominium project have already cashed out for a profit.The 99-year leasehold project located at Simei Street 4 was launched in March 2009 amid uncertainty in the real estate market. Units...
Continue Reading • 30 Jun 2010
Non-landed private home price index up 2.6 percent
The overall price index for non-landed private homes has climbed 2.6 percent in May compared with the previous month, according to the newest flash estimates released by the National University of Singapore (NUS). The index has appreciated 8.6 percent since the end-2009.The Singapore Residential...
Continue Reading • 30 Jun 2010
Increase in private home prices to ease in Q2
Increases in private home prices in Singapore is expected to ease in the second quarter this year, after a 5.6-percent jump in the first quarter.While prices of suburban homes have already exceeded its peak by ten percent, it could cost two percent to three percent more over the next two...
Continue Reading • 30 Jun 2010
Singapore property market sees more signs of slowdown
The Singapore private property market has seen more signs of a slowdown in the second quarter.According to property consultancy firm CB Richard Ellis (CBRE), about 4,000 new home units were sold in Q2, down from 4,380 units sold in Q1.CBRE also estimated that about 3,400 to 3,600 resale home...
Continue Reading • 30 Jun 2010
StayWell brings Leisure Inn, Park Regis to Singapore
Australian company StayWell Hospitality Group is planning to bring its Leisure Inn and Park Regis brands to Singapore and other parts of Asia.The company is set to launch the first Park Regis hotel in Singapore in September, and also plans to construct the first Leisure Inn hotel in the...
Continue Reading • 29 Jun 2010
Industrial rents rise for the first time since Q3 2008
Singapore’s rental rates for warehouses and factories have turned around during the second quarter, rising for the first time since the third quarter of 2008, according to property firm DTZ.DTZ said the average gross rent for first-storey private conventional industrial space reached $2 psf...
Continue Reading • 29 Jun 2010
Savills launches six HDB shops up for sale
Property consultancy firm Savills has launched six HDB commercial shops up for sale through expressions of interest.The shops are located in the mature estates of Ang Mo Kio, Bukit Batok, Bedok, Tampines and Yishun. They have been operated and rented as substantial eating establishments, with...
Continue Reading • 29 Jun 2010