Singapore's Asia Square Tower 1 has set the record of being the largest single-asset and office transaction in the Asia-Pacific region with a sale value of US$2.45 billion (S$3.31 billion), according to real estate consultancy JLL. The 43-storey retail and office building was sold earlier this month by global investment management firm, BlackRock, to Qatar Investment Authority's sovereign wealth...
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RESALE prices of non-landed private homes in Singapore rose 0.5 per cent in June 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday. This marks the fourth consecutive month-on-month price increase. SRX Property's latest data also reflects a revised month-on-month gain of 0.7 per cent for May 2016 compared with the 0.4 per cent increase that SRX...
DEVELOPMENT 35 has completed the acquisition of 20 Lorong 35, Geylang. The plot, which has an area of about 1,115 square metres, comes with a price tag of S$20 million. Development 35 is 51 per cent owned by TEE Land and 49 per cent owned by KSH Holdings. Development 35 intends to develop a block of eight-storey residential flats with roof terrace and swimming pool, subject to obtaining all the...
ONLY 20-odd units at Northwave have been sold on the first day of sales, despite the 358-unit executive condominium (EC) project collecting 240 e-applications. This is a figure that has raised eyebrows among market watchers BT spoke with, who compared it with The Criterion and Parc Life - two projects which also suffered weak sales recently. BT had earlier conducted a study of EC projects launched since...
THE Urban Redevelopment Authority (URA) launched a Request for Proposal (RFP) on Monday, inviting multi-disciplinary teams to develop master plan proposals for Singapore's Jurong Lake District. This signals the first step of the area's transformation into "A district of the future", and the city-state's second Central Business District (CBD), URA said in a release. The teams are expected to comprise...
NATIONAL Development Minister Lawrence Wong on Sunday morning highlighted to mayors around the world three considerations that Singapore keeps in the course of urban planning. This was at the World Cities Summit (WCS) Mayors Forum at Marina Bay Sands which started on Sunday. The first consideration is the need for long-term planning, and systematic implementation thereafter. "It is not easy to do...
ALL the retail space of Centrium Square, which will come up on the current Serangoon Plaza site in Little India, is understood to have been sold to a foreign investor for S$135 million. This works out to S$4,967 per square foot based on the freehold strata area of 27,179 sq ft - all on the first two levels. The purchase is being made made by Canali Logistics, a Singapore-incorporated vehicle of...
DUO Residences is an extraordinary iconic development soon to highlight the busy sparkly streets of Bugis, Singapore. Duo Residences will stand attractively as a prestigious mixed development comprising of elegant residence units, grade-A offices, an outstanding 5-star hotel and a wide array of retail galleries, all within the embrace of one welcoming environment. This lofty and towering icon is set to...
Nine units of Holland Road Shopping Centre and one unit of 211 Henderson, an industrial building, are up for sale, either collectively at a guide price of just over S$24 million or on a piecemeal basis. All of them are freehold units and are being sold with vacant possession. They are owned by two companies controlled by the Lim family that used to operate Lim's Arts and Living, out of eight of the...
TSH Corporation said on Thursday night that it has entered a sale and purchase agreement with Singapore Shenguan to sell its freehold industrial land and building at 62 Burn Road, for S$16.1 million. The property is a seven-storey freehold light industrial building with a site area of approximately 987 square metres and gross floor area of approximately 2,202 square metres. It is used to headquarter the...