General

A freehold residential landed site in Upper East Coast is launched for sale with an asking price of S$26 million, the sole marketing agent - Edmund Tie & Company said on Monday. The land price works out to S$$914 per square foot (sq ft) for the 28,449 sq ft plot in Jalan Haji Salam, which is zoned for three-storey mixed landed housing. Subject to planning approval, it can be redeveloped as any...

Qingjian Realty (South Pacific) Group said that it has sold 300 units at the JadeScape condo as at 2pm Sunday, Sept 23. Sales began on Saturday morning. Interest was balanced across all unit types and the average transacted price is S$1,700 per square foot, it added. Under the first phase of sales, Qingjian Realty has released 480 of the development's 1,206 residential units. The 99-year...

At the 2018 National Day Rally, Prime Minister Lee Hsien Loong highlighted efforts by the Government to rejuvenate and redevelop older HDB towns to avoid the situation where entire towns were built in a rush in the 1970s and 1980s from recurring. PM Lee explained: “If we do not plan ahead, 99 years later, all the leases in such towns will expire around the same time, and all the flats will be returned...

Almost 60 years since the Housing Development Board (HDB) was established, a new concern has arisen – expiring leases of old HDB flats. While most flats in Singapore have a remaining lease of at least 60 years, many home owners are concerned that the value of their flat will depreciate over time, trapping and eroding the equity in them. Concerns over depreciating values have been further...

It is in the collective consciousness of Singaporeans that owning property is a big part of being - and getting - rich. For many families in Singapore, investing in property has proven to be a good way to preserve, if not enhance, their wealth and to build up a retirement nest egg. Veteran property consultant Tan Tiong Cheng, president of Knight Frank Asia Pacific, recalls that in the early 1970s, one...

Going by recent government data, demand for one-bedder apartments, typically favoured by investors in the new home sales market, seems to have moderated, and the buying trend seems to have shifted to slightly larger units. According to an analysis of caveats by OrangeTee & Tie, small units below 500 sq ft, usually the size of one-bedders, accounted for 63 units or 11 per cent of new home sales in...

Ascott Residence Trust (Ascott Reit) has purchased a prime site in Singapore’s research and innovation business hub, one-north, for $62.4 million. The 60-year leasehold land, acquired from JTC Corporation, will be used to build a development for co-living, under Ascott’s co-living brand lyf. It will offer an estimated 324 units across two residential blocks and is slated to open by 2021. This...

Lendlease is planning its own flexible workplace brand within its upcoming Paya Lebar Quarter mixed-use development, according to The Business Times. That would make the Australian firm the latest among developers to run their own co-working platforms here amid an increasingly crowded landscape. "To cater to the demand for high quality flexible workspace from corporate occupiers, we are exploring a...

The consortium that developed South Beach Residences is understood to have granted options for the purchase of 10 units over the past fortnight, including the super penthouse which is being sold at S$26 million to a foreigner. This works out to S$3,864 per square foot on the strata area of 6,728 sq ft. The five-bedroom unit spans three levels - 41, 42 and a rooftop with a pool. This is the largest of...

BlackRock real estate fund has acquired seven strata office units in Prudential Tower for about S$130 million from consortium Epic Land. Prudential Tower is a 30-storey Grade A commercial property in the heart of the Central Business District (CBD). John Saunders, head of Asia-Pacific for BlackRock Real Estate, said: “We are delighted to have acquired strata office floors of Prudential Tower in the...