Singapore's prime shopping belt Orchard Road is set for a revival, with three new malls to be launched by the end of the year and two refurbished fronts. The malls include Orchard Central and 313@Somerset, and the new fronts are at Mandarin Gallery and Park Hotel Orchard. That amounts to about 1.8 million square feet of new retail space, bringing the total space available at Orchard Road to eight million...
2009
Location: Woodleigh Close (District 13) Tenure: 99 years leasehold Year of Completion: 2012 Total Units: 330 (5 blocks, 15 storeys) Unit Types: 1 bedroom ~ 418 sqft 2 bedroom ~ 823-878 sqft 2+1 bedroom ~ 956 sqft 3 bedroom ~ 942-1088 sqft 3 (Dual Key) bedroom ~ 1149 sqft 4 bedroom ~ 1366 sqft EXCELLENT LOCATION *Situated on elevated ground *Unblocked views *North - South Facing Orientation *5 mins away...
Gallop Green is an exclusive 53 unit project at Woollerton Park, amidst the landed houses. It is 5 minutes drive to the Holland Village and Orchard Road and there are many buses at the main road of Farrer Road. It is also minutes walk to Farrer Road MRT station. The apartments are combed with modern fixtures and fittings and the appealing factor is the full glass windows, roof terraces and...
Fragrance Assets, a unit of mainboard-listed Fragrance Group, has put in the top bid of S$15.5 million for a hotel site at Short Street. The Urban Redevelopment Authority said it received a total of 15 bids, ranging from S$8 to S$15.5 million. Other companies that had tendered for the site include Regal Land, Centurion Properties and Sim Lian Land. Property consultancy CBRE said the strong response...
Brokerage Nomura said prices of residential assets in Singapore will take a W-shaped recovery, instead of its previous forecast for a U-shaped upturn. In a research report, Nomura predicts that there will be a positive quarter-on-quarter rise in property prices in the third quarter this year. This could occur because developers have seized on the recent positive market sentiment to clear their...
Property consultancy Colliers said the amount of shadow space in Singapore has increased by almost half in a short span of two months. In a research report, the firm said the shadow space increased by 48 per cent from an estimated 250,000 square feet in March this year to 370,000 square feet in May. The amount of shadow space or excess office space that companies have leased but are looking to sublet is...
Developer CapitaLand's unit Australand said it has teamed up with St Hilliers to undertake a A$300 million public housing redevelopment project in Victoria, Australia. The project spans 7.5 hectares across three sites in Carlton, Victoria. It will involve replacing 192 old, outdated flats with over 240 new public and social housing apartments and 500 new inner city, residential homes. Construction of...
Cost of living in Singapore continues to be high, propelling it into the top ten most expensive locations within the region. A report by human resources consultancy, ECA International, found that Singapore is the 10th most expensive city in Asia and 72nd worldwide. The firm said price rises have not slowed down as much in Singapore as in other parts of Asia in spite of its weakened currency. In...
Property agents receiving more enquiries about units at the Cove BUYING and selling activity is returning to Sentosa’s home market, the district billed as a premier waterfront living dream, after suffering lacklustre demand during the shock of the global financial meltdown late last year. The hard-hit months of October and November saw zero caveats lodged, according to data on the Urban Redevelopment...
WITH sentiment in the mid- to mass-property market improving, the focus is now shifting to mid- and high-end projects, said Merrill Lynch in a report. Developers, riding on the renewed interest, “will be looking to move up the market and start launching their mid- to high-end projects which have been previously held off”, the report said. For the potential upcoming launches, Merrill estimated that...