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LIV at Mountbatten – [email protected]

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Two industrial buildings at Ang Mo Kio, Bartley for sale 

Two industrial buildings in Ang Mo Kio and Bartley have been listed for sale. The estimated selling price for the industrial building at 1 Ang Mo Kio Street 63, which will be sold by private treaty, is S$27 million. The indicative price for the other building which is situated off Upper Paya Lebar Road at 21 New Industrial Road, is S$71 million. Ang Mo Kio industrial building 1 Ang Mo Kio Street...

How cluster homes are the most appealing option for families

Cluster homes, as the name suggests, refer to a gated community. Homes are grouped together closely, and the residents have access to the shared facilities. When looking for our dream house, we often have a checklist that might include the modern architecture design, backyard cladding, availability of latest facilities or nice neighbourhood. Cluster homes check all the essentials of the list that a family...

Additional buyer’s stamp duty of 35 percent will apply on any transfer of residential property into living trust from May 9

Additional buyer’s stamp duty (ABSD) of 35 per cent now will apply on any transfer of residential property into a living trust occurring on or after May 9, the Ministry of Finance (MOF) announced on Sunday (May 8).  ABSD will be payable even if there is no identifiable beneficial owner at the time the residential property is transferred into a trust, MOF said in a media release late on...

Consortium buys conserved building Golden Mile Complex for S$700 million en bloc

The building will be "sensitively renovated," with special attention made to preserving its major features and unique terraced profile The Golden Mile Complex was sold for S$700 million to a consortium consisting of Perennial Holdings, Sino Land, and Far East Organization, according to Edmund Tie, the complex's sole marketing agent (May 6). This comes after the agency obtained "overwhelming support"...

Singapore industrial space rents, prices continue to rise in Q1; occupancy falls

Despite a decline in overall occupancy rates, rents and prices in Singapore's industrial developments increased in the first quarter of 2022, according to JTC's quarterly market report, which was released on Thursday (Apr 28). Prices for industrial space increased by 2.1% over the previous quarter and by 5.6% over the previous year. The multiple-user and single-user manufacturing divisions' prices saw...

Verdun House sold for $55.1m to Fragrance Group CEO

At a tender procedure that ended on April 26, 2022, Verdun House, an en bloc site in Farrer Park that is situated at the intersection of Verdun Road and Sam Leong Road, was sold for $55.1 million. The CEO of the Fragrance Group, Mr. James Koh, placed the highest offer. The transaction has the approval of the owners of 15 out of the 16 strata-titled apartments, or 93 percent of the complex. The Strata...

Piccadilly Grand

Piccadilly Grand Piccadilly Grand is situated on Northumberland Road, District 08 of Singapore. With such an excellent Central Region location, it’s city fringe location is just outside Little India where residents get to enjoy the neighbourhood’s rich cultural history and easy access to modern amenities.Piccadilly Grand is situated on site is zoned for residential use with...

Impact of higher property tax in Singapore

Singapore property tax is due to increase in 2023 and 2024. How will it impact the residential market? On 18 February 2022, Singapore Finance Minister Lawrence Wong said in his 2022 budget speech that property taxes on non-owner-occupied homes, including investment properties, will be raised to 12 to 36 percent over the next two years from the current rates of 10 to 20 percent. Owner-occupied...

Tanglin Shopping Centre sold for S$868 million in 4th collective sale attempt

Savills Singapore, the mall's marketing agent, said on Wednesday that Tanglin Shopping Centre has been sold for S$868 million after its fourth collective sale effort (Feb 23). The building was sold to Pacific Eagle Real Estate, a Singapore-based developer owned by the Tanoto family, who has for over 50 years developed and managed the Royal Golden Eagle group of companies, which produces natural fibers,...

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