General

The housing initiatives announced at the National Day Rally — particularly the new Voluntary Early Redevelopment Scheme (Vers) — will go some way to reassure homeowners whose leases are running down, said some analysts interviewed by TODAY. Nevertheless, the devil is in the details, and whether the scheme will provide a viable solution to the hotly-debated lease decay issue remains to be seen, they...

At 8 St Thomas, sophistication and elegance sit in perfect harmony. Artful geometric lines and forms dance in rhythm on the facades of magnificent twin towers, accentuating a quality home with exquisite style. ​ The 2 blocks of 35-storey consists of 250-units. It offers a range of 1, 2 and 3, 4-bedroom, 4-bedroom Dual Key units and 2 penthouses with full condominium facilities including a tennis court,...

Wangz Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of Outram and Tiong Bahru roads, is being sold for S$46 million. This works out to S$1.12 million per room for the six-storey freehold boutique 41-room hotel. It opened in late 2009. The hotel is being sold by Glastech Pte Ltd, controlled by Wang Kwang Yu, his wife Kwee Lee Chien (daughter of Pontiac Land Group founder...

A freehold commercial corner development site with a 40-metre wide dual frontage along Serangoon Road and Petain Road has just been launched for sale via an Expression of Interest (EOI) exercise by exclusive marketing agent, JLL. The corner development site consist of 450 Serangoon Road and 452 Serangoon Road. The site occupies a prominent corner location with a combined land area of 4,984 sf....

A CapitaLand and City Developments Ltd (CDL) tie-up has clinched a commercial and residential site in Sengkang Central. Their winning bid of S$777.78 million works out to S$923.59 per square foot per plot ratio (psf ppr) for the 99-year leasehold site next to Buangkok MRT Station. In a joint release on Thursday evening, CapitaLand and CDL said their joint venture will transform the 3.7-hectare site –...

Private home sales by developers in Singapore surged 55 per cent in July from a year earlier to a 16-month high, boosted by panic buyers who rushed to snap up properties the night before new cooling measures took effect early last month. Excluding executive condominiums (ECs), developers sold 1,724 units in July, compared with 1,112 units in the same month a year earlier, Urban Redevelopment Authority...

CapitaLand has won its bid to acquire two prime residential sites in Guangzhou, China, for 2.05 billion yuan (S$409 million). Announced yesterday, the two sites in the Zengcheng district occupy 150,000 sq m of land, and could allow the developer to build up to 1,300 homes by 2021 aimed at first-time home buyers and upgraders, CapitaLand said. Zengcheng, where prominent companies such as Foxconn and...

More than 1,720 new private homes were sold in July, a 55-per-cent jump compared with the same period last year and almost thrice the number sold in June. These were the latest figures released by the Urban Redevelopment Authority (URA) on Wednesday (Aug 15). The surge was largely due to the last-minute buying frenzy on July 5, when buyers rushed in to snap up residential units to avoid the...

If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million square feet worth of reasons. That figure, equating to 270,000 square metres, is the total saleable area of apartments almost ready to hit the market on the books of City Developments Ltd, the Singapore developer controlled by the family of billionaire Kwek Leng Beng, who handed the keys of his empire this year to son Sherman. The...

In a bid to attract more buyers, some property developers are lowering the prices of their residential projects by about 5 to 10 per cent after the latest round of cooling measures took effect on July 6. Daintree Residence, a 99-year leasehold condominium which opened for sale on July 28, was selling at an average price of S$1,710 psf, which is 5 per cent lower than the earlier announced price of...