Tekka Place, a redevelopment of the former The Verge shopping mall in Little India, is set to open in late 2019. The integrated mall is developed by Singapore-listed construction and property development company, Lum Chang Holdings, and a fund managed by LaSalle Investment Management Asia. The new development will comprise a 10-storey main block and a seven-storey annex block with rooftop deck....
Owners of Kingsley Mansion are launching an en bloc sale by tender for the 18-unit condominium in the Balestier area with a reserve price of S$45.5 million. The reserve price for the 14,350 square foot freehold site translates to a land rate of S$1,132 per sq ft per plot ratio (psf ppr), with no development charge payable on its gross plot ratio of 2.8 times or the maximum permissible gross floor area...
JadeScape is proudly designed by Paul Noritaka Tange of Tange Associates who is an Award Winning and World-Renowned Architect. This nature-inspired development will comprise of 7 residential towers of 21 to 23 storey high and offers a broad selection of unit mix ranging from one bedroom to five bedrooms. All layouts are meticulously planned and designed to ensure efficiency and functionality, Home...
Golden Mile Complex, a familiar landmark with its eye-catching stepped terraced design, is going en bloc. As 724 owners of 550 units have signed the collective sale agreement – representing 80.83 per cent of the total share value of the development – the required approval of 80 per cent has been met. The notice of the proposed collective sale was dated Aug 3. The neighbouring Golden Mile Tower,...
With less than a third of collective sale sites sold so far this year and no deal inked since property cooling measures took effect more than a month ago, one property analyst has declared the current cycle of en bloc fever to be over. More than 30 collective sale sites have failed to secure a buyer since January, according to data from real estate agencies Huttons Asia, Savills and Colliers. "This...
Ho Bee Land has posted net profit of S$71.5 million for the second quarter ended June 30, up 98.1 per cent from the S$36.1 million net profit in the year-ago period. In a filing with the Singapore Exchange on Friday evening, the property group said that the stronger bottomline was on the back of recognition of a S$28.3 million fair value gain on investment property. This arose from the group completing...
An executive condominium site along Anchorvale Crescent was put up for sale by public tender on Friday (Aug 10), HDB said in a press release. The 17,137-sq-m land parcel can yield a maximum of 550 units. It was triggered for launch from the Reserve List of the Government Land Sales (GLS) Programme on Jul 25, after a developer committed to bid at least S$255 million. Land parcels on the Confirmed...
Rentals for condominiums and private apartments continued to stabilize in July while the more volatile rents for HDB flats reversed direction and rose, with both markets enjoying a pickup in activity, according to SRX yesterday. Flash estimates from SRX real estate portal show rents for non-landed private homes saw no month-on-month change in July after inching down 0.1 per cent in June. Private...
The group chief executive of City Developments Ltd (CDL), Sherman Kwek, says the impact of the property cooling measures rolled out last month will be rather different from that in the 2010-to-early-2013 period. Despite successive rounds of cooling measures being rolled out during those years, private home buyers managed to get round the negativity and continue pushing on, he recalled. Developers...
City Developments Limited’s (CDL) second-quarter net profit soared 79.5 per cent from a year ago, on the back of strong sales. The property developer on Wednesday (Aug 8) posted a net profit of S$204.8 million, up from S$114.1 million in the same period a year ago. The rise came alongside an almost 60 per cent increase in revenue for the quarter to S$1.36 billion, compared with S$854 million last...
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