General

Plans to create a 6km-long green connection stretching from the Singapore Botanic Gardens to Singapore River have been unveiled by the Urban Redevelopment Authority (URA) and National Parks Board (NParks). This comes after a public exhibition and consultation exercise by URA, NParks and the Singapore Tourism Board last year, where the agencies collected feedback from the public about enhancing the...

Aberdeen Standard Investments (ASI) has acquired a row of six adjoining shophouses along 48 to 56 Peck Seah Street for $54 million, or about $2,700 psf, in a deal concluded by JLL. This is ASI’s first acquisition in Singapore for its global real estate portfolio. The two-storey shophouses boast a 33m street frontage, and have a gross floor area (GFA) of 19,938 sq ft. They are fully leased to...

Singapore Shopping Centre is back on the collective-sale market, half a year after its previous attempt in July 2019, with an unchanged reserve price of S$255 million. This time, though, the seven-storey retail and office building in Clemenceau Avenue has been given provisional approval to re-zone for hotel use, its marketing agent said on Wednesday. The site, which occupies a 2,449.8 square metre...

The housing rental market in Singapore is likely to see a temporary slowdown in activity due to the coronavirus outbreak as data released on Wednesday showed rents for both non-landed private homes and HDB flats rose in January while the number of leasings fell. Rents of private apartments and condominiums climbed 0.9 per cent month on month, after dipping 0.5 per cent in December, according to real...

Two conservation shophouses in Neil Road and three other shophouses with adjoining land in Jasmine Road are separately up for sale in the market, Colliers International said in a press statement on Wednesday. The pair of of adjoining two-storey conservation shophouses with attic at 65/67 Neil Road has an indicative price of S$15.57 million. This translates to about S$2,800 per square foot (psf), based...

Resale prices for non-landed private residential properties in Singapore rose slightly in January 2020 after a flat performance in December, according to flash estimates from real estate portal SRX Property. Condominium resale prices were up 0.5 per cent compared to December. Year on year (y-o-y), prices increased 2.3 per cent. Meanwhile, volume grew 4 per cent to 684 units resold in January, from...

The Housing and Development Board (HDB) has launched 3,095 flats for sale under the February 2020 Build-To-Order (BTO) exercise, it said in a news release on Tuesday (Feb 11). The flats, ranging from two-room Flexi to three-generation units, are located in the non-mature town of Sembawang and the mature town of Toa Payoh. Canberra Vista is located next to Canberra MRT station and across the road from...

Two industrial properties in Yishun are up for sale via expression of interest (EOI). Potential buyers may submit offers for either property or both, sole marketing agent Edmund Tie said on Tuesday. The indicative price for both properties is S$29 million. Individually, the indicative price for 539 Yishun Industrial Park A is S$9.8 million, while 543 Yishun Industrial Park A's indicative price stands at...

Three strata office units at Fu Lu Shou Complex on Rochor Road are up for sale at a guide price of S$7.2 million or S$1,400 per square foot (psf), marketing agent CBRE said on Tuesday. The units, which have a 99-year leasehold tenure starting 1980, may be sold individually or as a bundle. Located next to the lift lobby on level five of Fu Lu Shou Complex, the portfolio has a combined strata floor...

Frasers Property on Monday announced that Frasers Property Retail has entered into an agreement to acquire property manager AsiaMalls Management for an undisclosed sum. AsiaMalls Management manages a portfolio of five malls in Singapore: Century Square, Hougang Mall, Tampines 1, Tiong Bahru Plaza and White Sands. It also manages a 20-storey office tower, Central Plaza, along Tiong Bahru Road. The six...