General

Property developer Sun Ventures has appointed CBRE as the exclusive marketing agent for the sale of two consecutive strata office floors - levels nine and 10 - at Samsung Hub by way of an expression of interest (EOI) exercise. The indicative price is S$104.88 million, which translates to about S$4,000 per square foot based on a total strata area of about 26,220 square feet (sq ft) or 13,110 sq ft for...

Two adjoining plots of land - 1 and 3 Jalan Lembah Kallang - are up for sale with a guide price of S$8.5 million each or S$17 million for both, sole marketing agent Savills Singapore said on Monday. No 1 is a detached factory, comprising a three-storey front office building with a single-storey rear workshop. It has a total gross floor area (GFA) of about 6,000 square feet (sq ft) and land area of 8,475...

There has been no successful collective sale of residential sites in Singapore since the Covid-19 pandemic started, bringing the en bloc market, which has been slowing down since the July 2018 cooling measures, to a halt. Checks with property analysts showed that there have been six launches and only one deal closed in early January before the coronavirus outbreak hit Singapore’s shores. In...

Freehold residential development Tivoli Lodge has entered private treaty on Friday - after having been launched for collective sale by tender in March this year - sole marketing agent ERA Realty Network told The Business Times. The guide price remains the same at S$17.3 million, which translates to a land rate of about S$795 per square foot per plot ratio. There will not be any additional development...

JTC has accepted an application to put up an industrial site at 160 Gul Circle for sale by public tender. This was after it received an application with a committed bid price of not less than S$2 million for the land parcel. The minimum bid price was acceptable to the government, hence the site will be released for sale by tender on Aug 25 for a period of six weeks. The land parcel has a tenure of 20...

CapitaLand's wholly-owned lodging business unit, The Ascott Limited, has launched a "work in residence" initiative at participating properties worldwide, to transform selected apartments into work suites. To extend its service offerings to guests, Ascott is also providing its space-as-a-service by exploring with multinational corporations, entrepreneurs and small-medium enterprises different...

An industrial building at 209 Kallang Bahru is up for sale at a guide price of S$6.5 million, marketing agent Savills Singapore said on Thursday. The detached five-storey building has a total site area of about 24,380 square feet (sq ft) with a gross floor area of around 52,797 sq ft. The land is zoned Business 1 with a plot ratio of 2.5 under the Urban Redevelopment Authority's Master Plan 2019. It...

It was a mixed picture for Singapore's rental housing market - while rents for HDB flats and private apartments saw their first monthly increase in four months in July, leasings fell as the novel coronavirus pandemic continued to impact travel and jobs. SRX Property data showed HDB rents rose 1.4 per cent in July from the previous month, a bigger rate of increase than the small 0.4 per cent rise for...

The Housing and Development Board (HDB) said on Wednesday (Aug 12) it has launched more than 7,800 new flats for sale, including the first batch of units near Singapore's first car-free town centre in Tengah. A total of 7,862 flats are available in the August Build-To-Order (BTO) exercise, which includes units held over from the May sales exercise after it was cancelled due to the Covid-19 "circuit...

Property developers Qingjian Realty (South Pacific) Group and Perennial Real Estate Holdings have sold 30 per cent or 190 units of their 633-unit Forett At Bukit Timah condo project on Aug 8 during a virtual booking day event. Homebuyers who made a booking during the launch got their units at an average transacted price of S$1,880 per square foot, with interest balanced across unit types, both parties...