Proposed privatization of Lagoon View likely to spur en bloc sale
Lagoon View is looking to privatize the entire estate, which could trigger a possible en bloc sale, after its neighbour Laguna Park proposed a collective sale last week. During a special general meeting held yesterday, the Lagoon...
Continue Reading • 10 May 2010
Demand for Mickey Mouse flats still hot
The robust sales of small apartments – Mickey Mouse flats – has continued through the year.Based on caveats lodged with the Urban Redevelopment Authority's Realis system, 696 flats of 500 sq ft or less in size were sold in 2009 – the highest level since such records started in...
Continue Reading • 10 May 2010
Asia Pacific cities see steady office rents in Q1
Office rents across most Asia Pacific cities stayed flat or increased during the first three months of the year, indicating that the worst may be over for the commercial market, according to report by Colliers International. The property consultancy firm found rents...
Continue Reading • 7 May 2010
NTUC Choice Homes eyeing land site launches
NTUC Choice Homes, the property development arm of Singapore's labour movement, has been keeping an eye on the release of land sites, although it has no confirmed development plans yet. “The release of land parcels for housing has been quite intense,” said...
Continue Reading • 7 May 2010
Fragrance Properties places top bid for Tampines residential site
The state tender for a 99-year leasehold plot along Tampines Road has attracted a total of 16 bids from property developers. This was higher than the 14 bids attracted from developers for the land parcel at Lakeside Drive and Boon Lay Way when the public tender closed...
Continue Reading • 7 May 2010
Keppel Land to develop 550 homes in Boon Lay Way site
URA has awarded the tender for a residential site located at Boon Lay Way and Lakeside Drive to Keppel Land Mayfair. The developer submitted the highest tender for the residential site at S$302.9 million, or around S$5,370 psm per gross floor area.In a prepared...
Continue Reading • 7 May 2010
Asian office and investment property markets remain buoyant in Q1
Office and investment property markets across Asia remained strong in Q1 2010, as the positive sentiment among investors were sustained, said CBRE. The steady flow of small- and medium-size transactions seen in H2 2009 in the investment market continued through this...
Continue Reading • 6 May 2010
Condo subsales at Sentosa Cove sees continuous gain
Gains from subsale deals in Sentosa Cove have been buoyed by the property price increases in the area since the start of the year. The average gain for each unit from subsales of condominiums in the upscale waterfront housing district from January to April 2010 has...
Continue Reading • 6 May 2010
Two adjacent bungalows off Meyer Road sold for $38m
Two adjacent bungalows in Margate Road off Meyer Road were sold for $38 million. The buyer is said to be a low-profile boutique property investor that plans to build a block of apartment units on the 24,002-sq-ft combined freehold site. The plot can yield a 24-storey...
Continue Reading • 6 May 2010
$302m top bid for Lakeside residential site
A 99-year leasehold residential site at Boon Lay Way and Lakeside Drive has received an eye-popping bid of $302.98 million through a public tender. Keppel Land Mayfair, a unit of Mainboard-listed Keppel Land, has submitted the highest bid for the 1.6-hectare land...
Continue Reading • 5 May 2010
Property investor facing rental scam charges back in court
Ms. Calisa Cheong Mei Ing, a 40-year-old self-styled property investor, returned to court on Tuesday after her mitigation plea was rejected in 2009. Ms. Cheong, who has been in jail since July 2009, faces 74 counts of cheating tenants of rent money and getting credit as an undischarged bankrupt....
Continue Reading • 5 May 2010
STC all set for property expansion
The senior management of Straits Trading Company (STC) said that the mainboard-listed firm is now ready to expand its property and is watching for suitable acquisitions. Mr. Eric Teng, CEO of STC’s property arm, said that it is looking for opportunities to buy existing properties in the...
Continue Reading • 5 May 2010
Living high on lofts
In major cities like New York, loft apartments are expensive with no partitions, but in Singapore, it can be as small as 579 sq ft unit with double-volume space and a mezzanine level. “The apartment fits the requirement of young couples like us looking for city...
Continue Reading • 5 May 2010
Growing interest in selling properties near the Circle Line
Some property agents have announced that more owners are planning to put their homes near the Circle Line train network up for sale, even as the real estate market powers on. There has been a 10-percent to 20-percent increase in interest in selling those properties...
Continue Reading • 4 May 2010
Big tenants moving out of Raffles Place area
As big-time tenants are packing and preparing to move into gleaming new office buildings, including the Marina Bay Financial Centre (MBFC), landlords of older office blocks are beginning to search for replacements. “Raffles Place will be particularly hard hit,...
Continue Reading • 4 May 2010
First Japanese fine-dining restaurant opens at RWS
Resorts World Sentosa will be opening four fine-dining restaurants owned by celebrity chefs, and the first in line is a Japanese outlet, which opened yesterday.Kunio Tokuoka is the first Japanese chef with a Michelin star rating to open a restaurant in the country,...
Continue Reading • 3 May 2010
New sales committee to kick-start second en-bloc-sale attempt
A new sales committee has been appointed to kick-start the en bloc sale process of Laguna Park condo, as residents there want to give the collective sale of their estate a second try.This was after their previous attempt to sell the 33-year-old former HUDC estate in October 2009 failed. During...
Continue Reading • 3 May 2010
Over 30 units sold at Marina Bay Suites preview
Over 30 units at Marina Bay Suites were sold during its preview yesterday. They were among a batch of 36 apartments launched on nine floors in the 66-storey condo development and which are priced between $2,167 psf and $3,133 psf.Several analysts observed that the selling price is about 15...
Continue Reading • 30 Apr 2010
Two prime freehold properties released for public tender
The sizzling-hot property fever in Singapore has triggered the sale of two prime freehold commercial buildings.One is a 3,402-sq-ft four-storey building at 23 and 25 Kampong Bahru Road, which was put up for sale at around $16 million or $1,421 psf.The boutique building, which has a total strata...
Continue Reading • 30 Apr 2010
MRT stations pushing up land prices
Property prices in Singapore were pushed up by the opening of new MRT stations, making it harder for property developers to find land at viable prices.Chng Chee Beow, property director of Wing Tai Asia, said: “The transportation networking makes things much closer and that brings up...
Continue Reading • 29 Apr 2010