General

The site of the former Caldecott Broadcast Centre at Andrew Road has been sold for S$280.9 million, real estate consultants CBRE and Showsuite Consultancy said in a joint press release on Tuesday (Dec 15). The 752,015 sq ft site was sold to PRE 10, an entity which will be jointly owned by Perennial Real Estate Holdings and its chairman, Mr Kuok Khoon Hong. Caldecott Broadcast Centre served as Mediacorp's...

New private home sales in Singapore rose by 18.9 per cent in November, reversing a decline seen in October, on the back of new project launches by developers. Private developers sold 767 units, excluding executive condominiums (ECs), in November, data from the Urban Redevelopment Authority (URA) showed on Tuesday (Dec 15). This figure is 18.9 per cent higher than October's 645 units, but a 34.2 per...

Future Build-to-Order flats in prime locations may be further subsidised so that they remain affordable, but they may also face some restrictions on resale conditions, said National Development Minister Desmond Lee on Friday (11 Dec). In a Facebook post, Mr Lee said that a new housing model is necessary for public housing in "new areas with very prime attributes", as they will be "a lot more expensive"...

The Lilium The Lilium is a new freehold launch by SingHaiyi Group. It’s a private condominium at 25 How Sun Road that breaks up the rows of landed properties in the area.Standing on 54,000+ square feet plot that previously housed How Sun Park, The Lilium is rehabilitating 20 townhouses to three-storey developments. It will have 80 exclusive apartments within the mature estate of...

A new type of public housing with senior-friendly design features and subscription to care services will be launched for sale in February’s Build-to-Order (BTO) exercise, authorities announced on Thursday (Dec 10). The flats, known as Community Care Apartments, are for home buyers aged 65 and above. To be located at Bukit Batok West Avenue 9, buyers will have the flexibility to choose a lease...

The Government released on Thursday (Dec 3) the Government Land Sales (GLS) programme for the first half of 2021, with sites capable of yielding about 7,045 private residential units, 101,200 sq m of gross floor area of commercial space and 1,070 hotel rooms available. Four sites in this GLS programme are new: Two parcels at Slim Barracks Rise in one-north are on the Confirmed List, while one at Jalan...

New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more than two-year high...

Home buyers who have signed an option to purchase or a sale and purchase agreement with a developer but are facing financial difficulties will have more time to make payment, as the relief period for such contracts has been extended to March 31, 2021. The Ministry of Law said on Monday (Nov 16) that it is further extending the relief periods for three types of contracts, under the Covid-19 (Temporary...

New private home sales in Singapore plunged more than 50 per cent in October amid a dearth of fresh projects and restrictions on the reissue of options to purchase (OTP). Private developers sold 642 units, excluding executive condominiums (ECs), in October, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). This is down 51.7 per cent from September's more-than-two-year high...

Siglap Shopping Centre will be put up for collective sale by public tender on Tuesday (Oct 27), with the reserve price for the freehold mixed-use site on East Coast Road set at S$120 million, marketing agent OrangeTee Advisory said on Monday. Completed in around 1980, the three-storey development at 883 to 903A East Coast Road is made up of eight residential units and eight commercial units sitting on...