General

Private home sales in 2019 rose 15 per cent to 10,104 units - signalling a resilient housing market as unemployment remained low, despite an expectedly slow month in December. Housing demand was robust across the board, with six of the top 10 selling projects located in the outside central region (OCR) as HDB upgraders continued to snap up private homes, noted Lee Sze Teck, Huttons Asia director...

Real estate behemoth CapitaLand has won the tender to manage Bugis Village and Bugis Street for up to a decade, it said in a bourse filing on Thursday. It will take over the integrated management of the area on April 1, 2020 with an initial three-year tenancy, which may be renewed for two further terms of three years each and a final tenancy term not extending beyond March 30, 2030. Existing tenants...

A freehold condominium in Geylang, Wing Fong Court, has been launched for collective sale with a reserve price of S$108 million, marketing agent PropNex Realty told The Business Times (BT) on Thursday. Meanwhile, the adjacent condo, Wing Fong Mansions, is also expected to be put on the market “soon”, according to lead property consultant Richard Hau from PropNex. If and when this en bloc sale is...

Sales of new private homes plunged 53.8 per cent month-on-month last December, on the back of the year-end holidays and with few new units launched. Developers sold 538 homes - excluding executive condominiums - in December, according to data complied by the Urban Redevelopment Authority (URA). This was a sharp drop from the revised 1,165 homes sold the previous month. On a year-on-year basis,...

Four long-time dining establishments in lifestyle enclave Dempsey Hill have been offered new tenancies as "anchor heritage tenants" — giving them a lifeline as their leases were originally due to expire in March. They include: Singapore’s oldest family-run Indian restaurant, Samy’s Curry; the country’s first locally owned microbrewery RedDot BrewHouse; local favourite Long Beach Seafood; and...

The cooling measures introduced in July 2018 have dampened overall home-buying demand but in the top end of the condo market, foreigners may have shown more resilience. Drawing data from the Urban Redevelopment Authority's (URA) Realis, a report by ERA Research & Consultancy showed that the number of non-landed private residential units in the Core Central Region (CCR) bought by Singaporeans sank some...

The number of Singapore condominium units resold last year totaled just 9,017, sliding 27.4 per cent from 2018, according to real estate portal SRX Property's latest report on the non-landed private residential resale market. As for December 2019, an estimated 650 units were resold during the month, dropping 15.4 per cent from the previous month but increasing 21.5 per cent year on year (y-o-y),...

Last year was a controversial one for WeWork, but it is not planning to scale back its plans in Singapore, said the co-working space operator's Southeast Asia managing director Turochas Fuad in an interview with CNA on Friday (Jan 10). Once valued at almost US$50 billion, WeWork's growth hit a roadblock in 2019 after it filed its prospectus for an IPO in August. Advertisement Potential investors...

Towers built from old shipping containers, farms and theme parks were some of the ideas proposed to redevelop the Pasir Panjang Power District, as part of the Government's plans to transform the Greater Southern Waterfront. An exhibition launched on Monday (Jan 13) showcased proposals from the 'Power-Up Pasir Panjang' competition, which invited people to imagine the district in the next 15 to 20...

Urban Redevelopment Authority tenders for two 99-year leasehold private housing sites - one along Irwell Bank Road near Great World City, and the other near Bartley MRT Station, closed on Thursday. Here are the provisional tender results: The site at Irwell Bank Road drew seven bids. The highest bid, from City Developments (CDL), was at nearly S$583.89 million or S$1,515.10 per square foot per plot ratio...