Part of the garden at Eden Hall, the official residence of the British High Commissioner in Singapore, has been launched for sale by public tender by the British government's Foreign & Commonwealth Office. Details of the tender of land - in two adjoining freehold plots of Good-Class Bungalow (GCB) land on Nassim Road - will be announced soon, said CBRE, the sole marketing agent. Subject to final...
General
CBRE has launched an an expression-of-interest exercise for a freehold corner shophouse at 8/8A Sixth Avenue. The property sits on 2,451 sq ft of land, with a total gross floor area of 2,519 sq ft. It has dual-building frontages with high visibility, and comes with approval for F&B use for its ground floor space. It is now fully tenanted and enjoys strong rental income stream, it added. CBRE, the...
With applications due to close in less than four days, demand for new Housing and Development Board (HDB) flats at the upcoming Bidadari estate has continued to pick up. Over the weekend, there was a jump in applications, especially among second-time applicants. Analysts have said this could be due to the relatively higher price of the Bidadari flats, which may have priced some younger couples...
Jalan Besar Plaza has been put up for collective sale for an estimated sale price of S$390,000,000, real estate group Huttons announced on Monday (Nov 23). In a press release issued on Monday, Huttons said that the estimated sale price comes up to S$2,451 per square foot for the 35-year-old commercial and residential building. The 53,043 sq ft building is zoned under Commercial and Residential with a...
The United Kingdom government has put up for sale land around the official residence of the British High Commissioner along Nassim Road, deals that could be worth more than S$72 million. Announcing this in a statement on Monday (Nov 23), sole marketing agent CBRE said the two freehold sites are zoned for Good Class Bungalows (GCBs) - bungalow developments with a minimum plot size of 1,400 square...
Risks for Singapore-listed real estate investment trusts (SREITs) will increase in 2016 because weak economic fundamentals will weigh on demand while new supply is added into most sectors, Fitch Ratings said in a report released on Monday (23 Nov). The agency expects SREITs with stronger balance sheets to become more acquisitive in 2016 as they try to boost earnings growth by capitalising on lower asset...
Instead of being tied down to a rental agreement, a growing number of firms and individuals are looking to pay for office facilities as and when they need the space. An office format called co-working, is trying to fill the gap. It has been gaining popularity in the past two years, with more than 20 such providers popping up around Singapore. WorkCentral is the newest kid on the block, joining the...
Capsule hotels, which typically feature single beds housed in tiny pods stacked on top of one another, are growing more popular around the world. In Singapore, new capsule hotels are set to open in Orchard Road and at the airport. First started in Japan in the 1970s to offer basic accommodation to tired businessmen, the idea has been adopted and adapted elsewhere. The Pod, a boutique capsule hotel...
In a tough year for the property sector, Mohamad Ismail Gafoor, CEO of PropNex, the Republic's largest real estate company, claims his firm has achieved a record performance, but is it finally time for property cooling measures to be rolled back? While it would serve his interest that this happens, but he claims to have a more balanced view for good reason. The road to the success of his property...
MCC LAND will be releasing close to half of the 731 units in its new private condominium project The Poiz Residences during its sales launch on Nov 28. Sources told BT that the group has fixed the pricing for the initial units at an average S$1,380 per square foot (psf). The project on Meyappa Chettiar Road forms part of a mixed-use development that includes retail component The Poiz Centre, which will...