Funan DigitaLife Mall will close its doors on Thursday night after being operational for 31 years to make way for three years of redevelopment works. CapitaLand's senior management will host a "thank you" party for some 400 invited guests comprising tenants, loyal shoppers and mall staff at Funan's Main Atrium to celebrate the mall's milestones over the decades as it prepares to start a new...
General
OCBC is putting another property in its historical property portfolio up for sale. This time it is a pair of freehold conservation shophouses along Bukit Pasoh Road, near Keong Saik Road and a stone's throw from Outram MRT Station. The guide price for 11 and 13 Bukit Pasoh Road is in the region of S$20 million, which works out to about S$2,350 per square foot based on the gross floor area (GFA) of 8,503...
welve industrial sites have been released under the Industrial Government Land Sales (IGLS) Programme for the second half of 2016, amid a slowing economic outlook and weakening demand for factory space. There will be seven sites on the confirmed list and five sites on the reserve list, with a total site area of 11.7 hectares, the Ministry of Trade and Industry said on Tuesday (Jun 28). Compared to...
In this column, Bernard Tong, managing director of The Edge Property, assesses the advantages of buying a new condo as soon as it is launched versus waiting for the initial buzz to die off. Gem Residences was the most-talked about property launch last month, for some positive and not-so-positive reasons. The Toa Payoh condominium sold 300 units, slightly more than 50 per cent of the entire...
Visitors to East Coast Park can look forward to more parking lots, dining options and a 3,500sqm children's playground at the redeveloped Marine Cove, set to reopen at the end of this month. The playground is set to open to the public on Jun 29, while five food and beverage outlets will open progressively from Jun 28 onwards, National Parks Board (NParks) said on Friday (Jun 24). The 3,500sqm...
An Executive Condominium (EC) site in Sengkang which could yield about 653 homes has been released for public tender, the Housing and Development Board (HDB) said on Wednesday (Jun 29). The 21,014.6 sqm site in Anchorvale Lane is located beside Punggol Reservoir and can be accessed via Tongkang LRT station. The site is on the confirmed list of the Government Land Sales Programme for the first half of...
A 99-year leasehold private housing site at the corner of Martin Place and River Valley Close offered by Urban Redevelopment Authority (URA) has attracted 13 bids at a state tender that closed on Tuesday. The highest bid, from GuocoLand unit First Bedok Land, was for S$595.1 million or S$1,239 per square foot per plot ratio (psf ppr). The second highest bid, from a four-way partnership involving Hong...
For all the damage it's doing to a fragile global economy, Brexit might have some unintended positive consequences. Among them, perhaps, a soft landing for Singapore's wobbly property market. With hindsight, the seemingly excessive S$3.4 billion ($2.5 billion) that Qatar Investment Authority paid BlackRock this month to buy an office tower amid a glut of commercial space could turn out to be a decent...
SEVEN industrial sites will be released in the Confirmed List under the Industrial Government Land Sales (IGLS) programme for the second half of this year totalling 3.99-ha in site area. Another five sites are placed on the Reserve List that can be triggered for public tender by a minimum acceptable bid. These 12 sites span a total site area of 11.7 hectares, the Ministry of Trade and Industry (MTI)...
PRICES of completed private apartments and condos fell 0.8 per cent in May over April 2016. This is according to the National University of Singapore's (NUS) latest flash estimates for its Overall Singapore Residential Price Index (SRPI) released on Tuesday. This contrasts with a 0.2 per cent month-on-month (m-o-m) increase in the index in April, based on the revised index value for that...