General

In light of property cooling measures, Katong Plaza and Fortune Park are the latest collective sale hopefuls to extend their tender closing dates to Sept 11 and Sept 14 respectively. Huttons Asia, the property consultant for both freehold projects, announced the extensions on Thursday. Huttons Asia said that the decision was made in consultation with each collective sale committee. Said Huttons Asia...

Same facts, different interpretations. This axiom is starkly exemplified by the strong reactions of the property industry to the latest housing cooling measures that took effect on July 6. The Real Estate Developers' Association of Singapore (Redas) has insisted that there is no rationale for the tough measures, which included raising the additional buyer's stamp duty (ABSD) for most categories...

Ascendas Reit has entered into a share purchase agreement with two third-party vendors, Oxenwood Catalina Midco Limited and Oxenwood Catalina II Midco, to acquire 10 companies for £207.27 million (S$373.15 million). The companies own the 12 logistics properties which have a total land area of about 549,201 square metres and are sited on freehold and 999-year leasehold land. A valuation report by...

With no collective sale deals being awarded since the latest cooling measures took effect on July 6, some developments that have already launched their tenders are extending their deadlines. Horizon Towers that launched on July 5 at a reserve price of S$1.1 billion, will now close on Sept 12 instead of Aug 7 previously announced. Marketing agent JLL said in a statement on Tuesday: "The decision was...

Suntec Reit distribution per unit (DPU) edged down to 2.474 Singapore cents for the second quarter ended June 30, 0.8 per cent lower than the 2.493 Singapore cents DPU for the year-ago period. Gross revenue rose 3.7 per cent year-on-year to S$90.5 million, while net property income rose 2.2 per cent to S$60.7 million, both due mainly to higher contribution from Suntec Singapore and Suntec City Mall...

Epic Land has executed a sale and purchase agreement (SPA) to sell six of its wholly-owned subsidiaries, which hold seven strata office units in Prudential Tower, to an unrelated third party. The sale price will be determined based on the net asset value of the sale companies as at the completion date and will take into consideration the value of the properties, which is about S$130.07 million. The...

A 99-year leasehold site for executive condominium (EC) housing development along Anchorvale Crescent has been triggered for launch from the reserve list of the Government Land Sales (GLS) Programme. This follows a successful application by an unnamed developer to bid at least S$255 million for the site at tender. This works out to nearly S$461 per square foot per plot ratio (psf ppr). The...

Far East Organization, which acquired the first six levels of the former AA Centre in River Valley Road in 2013, is buying 27 of the 28 residential units on the upper floors of the freehold 14-storey building. Far East is paying a total of S$124.10 million for the bulk purchase of the 27 units - 23 apartments and four penthouses. This works out an average price of S$2,574 per square foot based on the...

This is inspired by The Daintree Rainforest, an iconic UNESCO World Heritage-listed natural reserve of Queensland, Australia. It is a home that is an enchanted wonderment. Where nature is your playground. An urban oasis graced by continuous flora blooms, greenery, natural rainforest and reserves. Daintree Residence is located within the residential estate of Bukit Timah in the Central Region of Singapore....

A rezoning exercise in the Tiong Bahru estate has sealed the commercial approval status for 28 ground floor properties - including Por Kee Eating House and Nimble Knead Massage - which had previously been classified as residential units. These 28 units had been operating their businesses based on approvals given by agencies over the past decades, and the reclassification in their status as "Residential"...