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Freehold site Advance Apartment at 8 Lorong 25A Geylang is now available for collective sale by tender, after more than 80 per cent of the owners gave their consent, sole marketing agent JLL said on Monday. The owners are expecting bids in excess of S$26.5 million, the agent added. That works out to a land rate of about S$877 per square foot per plot ratio (psf ppr), or S$861 psf ppr after factoring...

Commercial building Maxwell House has been launched for collective sale via a public tender, the appointed property consultant Cushman & Wakefield announced on Monday. Owners holding not less than 80 per cent by strata area and share value have agreed to put the property on the market at a reserve price of S$295 million. Located at 20 Maxwell Road, the 13-storey property is built on a trapezoidal...

Amid the economic crisis, property cooling measures are all the more necessary for the “well-being” of Singaporeans, by encouraging prudence and caution in their property purchases, National Development Minister Desmond Lee said on Wednesday (Sept 16). He made the comment in response to questions from PropNex chief executive Ismail Gafoor during a dialogue session at the PropNex Mid Year 2020...

Pent-up demand continues to drive new home sales with 1,227 units sold in Singapore in August, an 11-month high with confident buyers pushing prices upwards amid worsening economic conditions and rising unemployment. The high number of transactions surprised some because it was also the Hungry Ghost month, but it got an extra lift from Forett At Bukit Timah, a freehold development that was launched on...

A 99-years leasehold condominium jointly developed by Hong Leong Holdings and City Developments Limited will begin previews by appointment from Sept 12, Hong Leong Group said in a statement on Wednesday. Early-bird prices for Penrose condominium, which is located at Sims Drive in District 14, start from S$788,000 for units with one bedroom, S$943,000 for those with two bedrooms, S$1.33 million for three...

In August, five Housing and Development Board (HDB) resale flats transacted for at least S$1 million, as prices across the housing segment continued inching higher despite the Covid-19-battered economy, a report released on Thursday (Sept 3) said. Property experts responding to the Singapore Real Estate Exchange (SRX) flash report told TODAY the HDB resale market is showing signs of strong resilience,...

Forced to work from home over the past few months, companies and organisations are set to embrace remote work as a permanent management strategy for some functions within organisations. COVID-19 has demonstrated that for many companies, working from home can be almost as productive as being in the office, especially carrying out operational functions. It is now viewed as being a prudent way of...

OCBC Bank has launched a new Sora-based home loan, which references the three-month compounded Singapore overnight rate average (Sora) that is published by the Monetary Authority of Singapore (MAS). The three-month Compounded Sora Home Loan is available for all loan types - completed properties, properties under construction, new home loans and repricing of existing home loans. This comes as the...

Private developers sold 1,080 new homes excluding executive condominiums (ECs) in July, a third straight month of growth. However, compared to July last year, private home sales volume fell 8.4 per cent from 1,179 units, according to data from the Urban Redevelopment Authority on Monday (Aug 17). On a month-on-month basis, July's sales marked an 8.2 per cent jump from the 998 units transacted in...

Private developers sold 1,080 new homes excluding executive condominiums (ECs) in July, a third straight month of growth. However, compared to July last year, private home sales volume fell 8.4 per cent from 1,179 units, according to data from the Urban Redevelopment Authority on Monday (Aug 17). On a month-on-month basis, July's sales marked an 8.2 per cent jump from the 998 units transacted in...