Mainboard-listed Asia Food & Properties (AFP) on Thursday said it is planning a demerger of its China property business. The firm's China property business will now be held under a new unit called Bund Center Investment, which will be listed on the Singapore exchange. The demerger will take place through a capital reduction in AFP, and a distribution of shares in the capital of Bund Center Investment...
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The government has accepted an application from a developer to put up a residential site at Upper Thomson Road for public tender. The land parcel is near Lower Peirce Reservoir Park and Bishan Park. With a site area of about 2.08 ha, the land parcel can generate a maximum permissible gross floor area of 43,781 sqm. It is being offered under the Reserve List of the Government Land Sales programme. Under...
Another collective en-bloc residential site is up for sale by tender. Meyer Place, off Meyer Road, is expected to fetch more than S$65 million, according to its marketing agent Cushman and Wakefield. The site has a land area of 28,167 square feet. Based on its maximum allowable plot ratio of 2.1, and with a potential development charge payment of S$3 million, the site will cost about S$1,100 per square...
Mapletree Investments said it has pre-leased 40 per cent of the office space at its Mapletree Business City. Mapletree said it's talking to more potential clients who may take up another 15 per cent of space before the project is completed mid next year. Topping out the Mapletree Business City, the company already has another reason to celebrate. Fourth-tenths of some 1.7 million square feet of office...
The prime freehold land is located near Cairnhill Road and is close to the Orchard Road shopping district and Anglo-Chinese School (Junior). Accessibility to and from the property is enhanced by its proximity to the Central Expressway. It is designated for an exclusive high-end development which offers 158 units with full facilities. Location: 12 Cairnhill Rise (District 9) Tenure: Freehold Year of...
Location: River Valley Close (District 9) Tenure: Freehold Year Completion: 2014 Site Area: approx 26,000sqft Total Units: 105 Unit Types: 1 bedroom ~ 560 sqft (25 units) 1+study ~ 775 sqft (24 units) 1+study ~ 850 sqft (24 units, with private lift) 2 bedroom ~ 1,076 sqft (13 units, with private lift) 3+study ~ 1,615 sqft (24 units, with private lift) PH 2+study ~ 2,282 sqft (01 unit, with private lift...
CapitaLand said on Tuesday 233 units were sold in the preview sales of its Interlace condominium project, which will be built on the former Gillman Heights site. The prices for the 360 units that were released for sale ranged from S$850 to S$1,150 per square foot. The developer said nearly two thirds were sold, including two, three, and four-bedroom apartments and penthouses. Located on an 872,000...
From October 1, the Law Society will do away with fee guidelines for lawyers when processing property deals. This means that lawyers and their clients will be free to negotiate their transaction fees, based on the type of work done, and the value of the property. This will apply for all conveyancing deals entered into on or after October 1. The guidelines were issued as a temporary measure after fixed...
Singapore is no longer one of the top 20 most expensive office locations globally. A survey by property consultancy Colliers International showed that in June, Singapore's office space was the 26th most expensive in the world. That is a steep fall from December last year, when Singapore was number 6. Colliers said this is because Singapore's office property market was among the most severely affected by...
The Urban Redevelopment Authority has awarded the tender for the commercial and residential site at Yio Chu Kang Road and Seletar Road to Far East Square. The company submitted the highest bid in the tender for the site at S$119 million. This translates to about S$376 per square foot. The tender for the commercial and residential site was launched on August 20, on a 99-year lease. Source : Channel...