A Land parcel in Margaret Drive that is big enough for 275 homes has been triggered for sale after a developer committed to bid at least S$185.76 million for it. This is a Reserve List site under the government land sales (GLS) programme that can be released for sale only when the minimum price committed by a developer is acceptable to the government. Based on the maximum gross floor area (GFA) of...
General
HDB resale prices dipped 0.1 per cent in October compared to September, the SRX Property Price Index for HDB Resale released on Thursday showed. But for the most part, the index has been fairly flat for a few months now, analysts noted. The resale price dip was driven by a 0.9 per cent fall in the resale prices of five-room flats. By contrast, the resale prices of HDB three-room flats and executive...
SHOPPING-MALL owner Frasers Centrepoint Trust (FCT) has inked deals to buy all 10 strata-titled retail units at the Yishun 10 cinema complex from Bonvests Holdings for S$37.75 million, the trust said in a Singapore Exchange (SGX) filing on Friday evening. The trust manager's chief executive officer, Chew Tuan Chiong, said in a statement Yishun 10 was next to FCT's Northpoint shopping centre and...
BlackRock Inc, the world's largest asset manager, is exploring a sale of its second office tower in Singapore's central business district, people with knowledge of the matter said. BlackRock has started reaching out to potential buyers to gauge their interest in Asia Square Tower 2, according to the people, who asked not to be identified as the information is private. The development could fetch about...
A MEMBER of the Kuik family that founded the Sim Lian Group snagged a Good Class Bungalow (GCB) last month in Chestnut Drive for S$16 million while Nasrat Muzayyin, a director and shareholder of several oil trading companies here, picked up a bungalow in District 11 for S$22.24 million. These were among some 60 caveated landed residential transactions worth S$336.76 million last month. This followed...
HDB resale prices dipped 0.1 per cent in October compared to September, driven by a 0.9 per cent fall in the resale prices of five-room flats. By contrast, the resale prices of HDB three-room flats and executive flats rose 0.6 per cent and 0.8 per cent respectively, while resale prices of four-room flats stayed flat. This was according to the SRX Property Price Index for HDB Resale released on...
A PRIME commercial-zoned piece of vacant land - where the former Queenstown cinema and bowling centre once stood - has been sold for S$78 million. The price for the site, which has a balance lease term of 57 years, is understood to work out to about S$756 per square foot of potential gross floor area. Located a stone's throw from Queenstown MRT Station, the site is at the corner of Commonwealth Avenue...
CS Land, formerly known as China Sonangol, is in talks with several parties for the sale of 38 unsold units in its flagship project TwentyOne Angullia Park along Orchard Road. One of these parties is understood to be a consortium led by Ben Yeo, former managing director of engineering and property group Guthrie GTS, although a family member declined to "respond to market rumours" when BT tried to...
A 0.48ha Reserve List parcel at Margaret Drive that could host 275 homes is triggered for sale after a developer committed to bid at a price of not less than S$185.76 million. The Urban Redevelopment Authority said on Thursday it has accepted the application to put up the site for sale by public tender. Reserve List sites under the Government Land Sales programme are released for sale when the...
Forest Woods is situated not more than a heartbeat away from Serangoon Central, this upcoming new launch sits in between Lorong Lew Lian and Upper Serangoon Road. The condominium units that are of the higher level will have a far and fascinating views overlooking the stretch of low rise landed enclave. Forest Woods boasts a beautiful living facade featuring a lush landscape and a 75 metre lap pool which is...