General

The Porcelain Hotel, a 138-key boutique hotel in Chinatown, is up for sale via expression of interest with a guide price of S$115 million, joint marketing agents CBRE and Edmund Tie said on Thursday. Housed in a row of adjoining conservation shophouses at 46 to 50 Mosque Street, the 99-year leasehold hotel occupies a land area of 10,143 square feet (sq ft) and an estimated gross floor area (GFA) of...

Ascendas Real Estate Investment Trust (Reit) is selling a two-storey ramp-up warehouse building along Changi South Street 1 to minimart chain operator Hao Mart for S$20.3 million, the fund manager announced on Monday. The sale price for 25 Changi South Street 1 is 14 per cent more than the original purchase price of S$17.8 million, and 2 per cent higher than the property's market valuation of S$19.9...

Wing Tai Asia sold 70 per cent or over 360 units of its latest condominium project The M over the weekend, even amid the ongoing Covid-19 outbreak. Units were sold at an average price of S$2,450 per square foot. The M is the first major private residential development opened for public preview since the virus outbreak started in earnest in Singapore. Stacey Ow Yeong, head of marketing, Wing Tai...

Real estate developer Bukit Sembawang Estates Limited on Friday said it has sold 25 out of the 39 units at the Luxus Hills (Contemporary Collection) following private previews. The Contemporary Collection is the final phase of Bukit Sembawang’s 999-year leasehold landed development in the Seletar Hills estate. The 25 landed homes sold include inter-terraces, corner terraces, semi-detached houses...

Singapore has no immediate plans to ease property curbs, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Wednesday, amid renewed calls by developers to loosen a measure that penalises them if they fail to complete and sell new projects within five years. "It is not on our radar at this point because we need to make sure that we stabilise the economy and we address long-term structural...

IOB Building, a six-storey office block with two levels of basement car park at 64 Cecil Street, has been put up for sale via tender at an overall guide price of S$217.7 million, said exclusive marketing agent Knight Frank on Monday. The redevelopment property at the junction of Cecil Street and Cross Street in the central business district (CBD) has a tenure of 99 years from May 1983 and a site area of...

A conservation shophouse at 452 Joo Chiat Road is up for sale in the market with an indicative price of S$4.5 million, marketing agent CBRE said on Tuesday. The guide price translates to about S$2,140 per square foot on the existing built-up area of 2,100 square feet (sq ft). The two-storey shophouse sits on a freehold site of about 1,100 sq ft. Located in the Joo Chiat/East Coast enclave, the...

Developers moved 618 private homes in January this year, up 14.9 per cent from the 538 units they sold in the previous month. The latest figure is also 41.4 per cent higher than the 437 units developers sold in January 2019. The above figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority on Monday based on its survey of licensed housing...

Sales of new private homes rebounded last month, marking the strongest January showing in seven years. Developers sold 618 homes - excluding executive condominiums - last month, 14.9 per cent higher than the 538 units sold in the preceding month, data from the Urban Redevelopment Authority (URA) showed on Monday (Feb 17). Advertisement This was also 41.4 per cent more than the 437 units sold over...

The 496-unit executive condominium project Parc Canberra has sold at least 64 per cent or 316 apartments at an average price of S$1,085 per square foot (psf) at the weekend launch. Hoi Hup Sunway Canberra said in a media statement on Sunday that it launched all the units of Parc Canberra for sale at 9am on Saturday, after an online balloting exercise was conducted the previous day. As at 4.30pm on...