General

Leshan Gardens, a 38-unit residential development off Geylang Road, is being sold for S$26.28 million by Kwong Wai Shiu Hospital, The Business Times understands. The buyer is an ear, nose, throat specialist doctor who also engages in the property business. Located at 1 Lorong 32 Geylang, Leshan Gardens is on a 16,412 square foot site with freehold tenure but Kwong Wai Shiu Hospital is carving out a...

The Urban Redevelopment Authority has made available for application a white site at Kampong Bugis and a hotel site at River Valley Road on the government’s reserve list. The sites, under the reserve list of the second-half 2019 Government Land Sales (GLS) programme, were recently carried over to the first-half 2020 GLS programme. The Kampong Bugis site, at the mouth of Kallang River, will be...

Housing Board resale prices have notched their biggest month-on-month increase this year despite a smaller number changing hands, according to flash data from real estate portal SRX Property on Thursday. Resale prices, which through most of 2019 have moved within a -0.2 to +0.2 per cent range, rose 0.6 per cent in November from October. It is the biggest monthly increase since January's 0.5 per cent...

Fong Yun Thai Association has put up its portfolio of 13 strata-titled semi-detached houses at Eleven @ Holland for sale via an expression of interest with a S$38 million guide price, marketing agent WTG Property announced on Wednesday. Said Chai Chin Yun, marketing director of WTG Property: "At the guide price, it works out to be approximately S$2.93 million for each house. A semi-detached house in...

The government is holding land supply for private homes steady for the first half of 2020, which should keep the residential market stable amid a big supply of unsold units. It said on Tuesday that it will keep the supply of private housing units on the confirmed list for the H12020 government land sales (GLS) programme broadly similar to that for H22019. The Ministry of National Development (MND)...

A S$1.58 billion merger between Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) has been proposed by the managers of both real estate investment trusts (Reits). The proposed deal will be by way of a trust scheme of arrangement, which will see FLT acquiring all units of FCOT for about S$1.54 billion, the managers said on Monday in a bourse filing. FLT will pay the scheme...

Cosmetics retailer Sasa International announced on Monday (Dec 2) that it will close all 22 stores in Singapore. About 170 employees will be affected by the decision, the company said in its statement, adding that they will be "fully compensated" according to local employment laws and regulations. "The Group's performance in Singapore has been less than satisfactory for many years, and has recorded...

Ten people - including property agents, sellers and a lawyer - will be charged in court on Tuesday (Dec 3) for their alleged involvement in a housing loan cashback scam involving S$11.4 million. Investigations by the Commercial Affairs Department unravelled a scheme where the suspects reportedly inflated the selling price of three properties and forged income documents, tricking one bank into disbursing...

The government is keeping the supply of private residential units mostly unchanged for the first-half 2020 Government Land Sales (GLS) Programme, the Ministry of National Development (MND) said on Tuesday morning. This comes as the government has decided to keep the supply of private residential units on the confirmed list for the H1 2020 GLS "broadly similar" to that for the H2 2019 GLS programme....

JTC on Monday said it has accepted an application to put up an industrial site at Tuas Avenue 6 for sale by public tender. The land parcel is on the reserve list under the second half 2019 Industrial Government Land Sales (IGLS) Programme. The site with a 20-year tenure has an area of 0.55 hectare and a gross plot ratio of 1.4. It is zoned B2 for industrial purposes. JTC said it had received an...