General

The collaboration marks Keppel Land China’s first foray into Nanjing and further expansion in the Yangtze River Delta region. Keppel Land China Limited (Keppel Land China) has formed a joint venture with Gemdale (Group) Co., Ltd. (Gemdale Corporation) to jointly develop an 8.8-ha prime residential site in Nanjing, China. Keppel Land China has entered into a share purchase agreement (SPA) with...

Sentosa Cove, a residential enclave nestled on an island off the coast of Singapore, is quiet at the best of times. On a weekday, its frangipani-lined streets are mostly devoid of life, save the odd domestic helper taking her four-legged charge out for a walk. The stillness, however, belies the real estate shuffling taking place behind the scenes. Property listings here have been rising. But unless...

Property giant CapitaLand has snapped up 16 apartment blocks in four American metropolitan areas for US$835 million (S$1.14 billion), it announced yesterday. The firm said it made the investment - its first in this sector of the property market - to capitalise on the growing demand for long-term rental housing. The blocks, which comprise 3,787 units in suburbs of Seattle, Portland, Greater Los...

Yuen Sing Mansion at Nos 6A – 10c Geyland Lorong 13, has been launched for sale by tender by marketing agent JLL. The freehold four-storey development comprises nine apartments built on a regular shaped plot. All the owners have consented to the collective sale and no Strata Titles Board approval would be required. The owners are expecting bids in excess of S$17 million, which reflects about S$779...

Stating that the proposed Voluntary Early Redevelopment Scheme (Vers) is “not a panacea” to the public housing lease decay issue, a Credit Suisse report released on Wednesday (Sept 19) expects the price gap to widen between Housing and Development Board (HDB) flats and private apartments over time. Increasingly, those who can afford it will also turn to private homes as a better store of value. As a...

At Marina Square mall, The Maternity House has not made any sale for four days in a row. The store selling maternity wear, which has been a tenant there for more than 15 years, is not the only one bemoaning the sluggish business at the once-bustling downtown mall, which was in the news more than three years ago for having a rodent problem. Other shopkeepers such as MaxCoil Bedding Gallery also told...

Barring unforeseen circumstances, it will take around five years for the market to fully absorb almost 46,000 private residential units that could potentially come onstream by 2020. And as a result of the "sedate" property market, developers are adopting a more "prudent approach" when acquiring land and allocating capital, said Real Estate Developers' Association of Singapore (Redas) president Augustine...

Year-end school holidays may be some months away, but parents seeking activities for the family during the school break can look forward to visiting a new indoor activity park from Finland. In November, indoor activity park brand SuperPark is opening a 40,000 sq ft activity site — around three-quarters of a football field — offering more than 20 activities in three themed zones for Singaporeans of...

Two freehold condominium developments near the prime Orchard Road district will make another bid at an en bloc sale, Colliers International said on Monday (Sep 17). Grange Heights in St Thomas Walk will be launched for sale at S$820 million, while Cairnhill Astoria will be put on the market for S$196 million. This is the second attempt at a collective sale by Grange Heights owners. Depending on the...

Former HUDC estate Laguna Park has been put up for collective sale at a reserve price of S$1.48 billion, marketing agent Knight Frank Singapore said on Monday (Sep 17). This is the third time owners of the development at Marine Parade Road are attempting an en bloc sale, after two earlier shots in 2007 and 2010. The 99-year leasehold development was built in 1978 and comprises seven blocks of 506...