General

Owners of St Thomas Ville located at 38 St Thomas Walk, are eyeing bids in excess of S$58 million in a collective sale bid. Over 80 per cent of the owners have consented to the sale, said sole marketing agent JLL in a media release on Monday. The freehold 12-storey site just off River Valley Road comprises 23 apartments built on a regular shaped plot. The 11,407-square foot (sq ft) site is zoned...

JTC on Monday said that it has accepted an application to put up an industrial site at Corporation Drive for sale by public tender. The land parcel was made available for application through the Reserve List system under the second half 2018 Industrial Government Land Sales programme. JTC said it had received an application with a committed bid price of at least S$20.7 million. "As the minimum price...

Three plots of prime conservation shophouses located in Little India and Chinatown conservation areas are being offered for sale by expression of interest. The plot in Little India is a block of four adjoining shophouses, while the other plots are two shophouses in Chinatown. Located within Little India along Jalan Besar, the 999-year leasehold block of four shophouses are located directly opposite...

The recent property cooling measures in Singapore has once again diverted the spotlight from the private residential market to the shophouse market. Shophouse clusters can be classified into two main submarkets. Those in the central business district (CBD) are in areas such as Chinatown, Tanjong Pagar, Upper Circular Road and Boat Quay, while the rest are farther out in places like Kampong Glam, Little...

Kuok Hui Kwong, chairman of Shangri-La Asia and daughter of Malaysian tycoon Robert Kuok, is buying a bungalow in Belmont Road for S$43.5 million. This works out to S$1,430 per square foot, based on the freehold land area of 30,420 sq ft in the Belmont Park Good Class Bungalow (GCB) Area. Ms Kuok, who is about 40, is understood to be a Malaysian citizen and Singapore permanent resident (PR). When...

Visitors to Holland Village will soon find parking spaces harder to come by, as its main carpark makes way for a mixed use development that will take seven years to complete. The open air carpark serving the enclave, popular for its eateries and bars, will close for development on Aug 13. This according to HDB notices handed out to motorists from Wednesday. This will mean a loss of some 400 parking...

South Beach Residences, located in the upper half of the South Tower of the mixed development South Beach, Singapore - comprises 190 elegantly designed residential units and penthouses from levels 23 to 45. The luxurious residences command 360 panoramic and unsurpassed views sweeping across Marina Bay all the way through to the Central Business District skyline, and the Orchard shopping...

The enbloc sale of Brookvale Park located at Sunset Way received a major jolt as the Strata Titles Board issued a ‘Stop Order’ on Wednesday after seven owners objected to the sale. STB had tried to mediate between the two parties on 12th June and 24th July but it failed to yield any positive results. Considering the impasse, the matter is most likely headed for the High Court. The 160-unit...

The Windy Heights condominium in Kembangan (Jalan Daud) is having another stab at a collective sale, with owners ready to cut the reserve price to attract buyers in a cooling market. The move comes hot on the heels of a failed bid for the freehold District 14 development that ended in April and tough new property cooling measures that kicked in on July 6 which include a 10-percentage point hike in the...

Google is building a third data centre in Singapore to meet rapid user growth in the region, bringing its total long-term investment in such facilities here to US$850 million (S$1.16 billion). The US$350 million facility will be in Jurong West near its first two centres. Google said the complex, which is expected to come online in 2020, will be built on a plot of land the size of the first and second...