General

Sales of new private homes rose to the highest in nine months in May thanks to a deluge of new launches by developers, with suburban projects proving to be the most popular. Developers sold 1,121 private homes in May, an increase of 53.1 per cent from April and 7.9 per cent from the same month last year, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jun...

Ho Bee Land announced on Sunday that it has acquired a freehold 21-storey Grade A office building in London, by purchasing its owner Frasia Properties Sàrl for £650 million (approximately S$1.16 billion). Registered in Luxembourg, Frasia Properties Sàrl owns the property known as Ropemaker Place, a 21-storey Grade A office building comprising approximately 602,000 square feet of commercial...

Gloria Mansion at Pasir Panjang Road is up for en bloc sale at S$79 million, the latest to hop on the collective sale train here. The 12-storey, 31-unit hilltop apartment building is five minutes away from Haw Par Villa MRT Station and close to West Coast Highway and the Ayer Rajah Expressway. The reserve price of S$79 million translates to S$1,234 per square foot per plot ratio (psf ppr) based on its...

Singapore's traditional prime districts 9, 10 and 11 are being challenged in their position as the upper echelons of the private housing market not only by new prime areas such as Marina Bay but also by what List Sotheby's International Realty terms "emerging prime areas" such as Tanjong Pagar and Ophir-Rochor Beach Road area. The firm's analysis of transactions captured by the Urban Redevelopment...

Luxury residential homes crossing the S$4,000 per square foot (psf) mark in Singapore’s prime Orchard Road area have been few and far between in recent years. However this could change given the recent spate of record-setting land sales and upcoming launches in the district. Shun Tak Holdings (a Hong Kong-listed company) said on Wednesday that it has purchased two freehold redevelopment sites for a...

Five land parcels for general agriculture in Lim Chu Kang and Sungei Tengah were put on sale by public tender on Thursday by the Agri-Food and Veterinary Authority (AVA). Of the five, three land parcels may be used to farm food crops, seafood, cattle or goats for dairy milk and/or food frogs, AVA said in a statement. These are located at Neo Tiew Crescent and Sungei Tengah Road. The remaining two...

Oasia Hotel Downtown in Singapore's Tanjong Pagar has been named this year's Best Tall Building Worldwide by the Council on Tall Buildings and Urban Habitat (CTBUH), a global authority on tall buildings and future cities that confers the award annually. The 27-storey skyscraper by developer Far East Organization and designed by award-winning architecture firm Woha features a plant-covered facade of red...

Park House has fetched a record collective sale price of S$2,910 per sq ft per plot ratio, marketing agent CBRE said on Wednesday. The freehold District 10 development at 21 Orchard Boulevard sold for S$375.5 million, translating to S$2,910 psf ppr on the maximum allowable gross floor area of 129,035 sq ft, excluding the 10 per cent bonus for balconies. This new benchmark price beats the previous...

Rentals in May inched up just 0.2 per cent for both private and HDB homes from the previous month, as volumes continued their decline, according to flash estimates released by real estate portal SRX Property on Wednesday. Year-on-year, rents from non-landed private rentals increased 0.8 per cent, and the May showing was 18.9 per cent lower compared to its peak in January 2013. Compared to April,...

LAKESIDE Apartments is now on the market with a reserve price of S$240 million — the latest to wade into the wave of collective sales here. More than 80 per cent of owners at the 134,176 sq ft site in the Jurong Lake District area have agreed to sell and the collective sale tender was launched on Tuesday. This means each of the owners at the 120-unit development could stand to get S$2 million each....