Some real estate agencies say more singles have returned to the HDB resale market after getting more clarity about the government's plan to allow singles to buy new flats directly from the Housing and Development Board. Propnex and Dennis Wee Group have seen 20 percent more enquires and viewings from singles in recent weeks. Lately, some property agents have been getting more calls from singles, who have...
General
San Centre, a 12-storey office building located along Chin Swee Road, has been sold to CEL Property Investment for S$113 million. It is the first commercial collective sale site sold this year. The buyer is a subsidiary of mainboard-listed Chip Eng Seng Corporation. San Centre comprises 107 strata-titled office units and 80 carpark lots. It has a land area of about 28,700 square feet and was built in...
The Urban Redevelopment Authority (URA) has come out with a set of guidelines for shoebox shops in all new developments with retail floor area. A minimum average retail unit size and minimum corridor widths are required. In a blog post, National Development Minister Khaw Boon Wan said the guidelines were done in consultation with industry players and said that the guidelines take a fair, balanced...
Kismis Lodge, a freehold residential development located at Lorong Kismis in Upper Bukit Timah, was successfully sold to Newfort Alliance (Cairnhill) Pte Ltd for S$84.8 million. The sale price translates to S$1,198 per square foot, or a gross sale price of about S$1.3 million each unit. Brokered by property consultants Jones Lang LaSalle, this is the third en bloc sale deal completed this year. "The...
Since additional property cooling measures kicked in this January, property agents and lawyers have reported a rise in 'decoupling' queries among joint home owners. The process allows one couple to own two properties, without having to pay the higher additional buyer's stamp duty (ABSD) of 7 per cent on a second property. Joint-owners of a property could be a couple, or a group of siblings - and more of...
Many have said the 30 per cent cut in new Housing and Development Board (HDB) flat prices that National Development Minister Khaw Boon Wan pledged recently will be tough to achieve without serious repercussions on the housing market. This is because it is very difficult to reconcile the divergent interests of existing owners with those of new buyers. Existing owners want the highest values, while new...
The Pines club on Stevens Road is expected to make way soon for a new 735-room hotel housed in two eight-storey blocks, as well as a couple of two-storey commercial buildings, people familiar with the matter told TODAY, following the sale of the property to “shoebox apartment king” Ching Chiat Kwong of Oxley Holdings for S$318 million. A four-storey clubhouse with a basement will replace the existing...
Hillion Residences condominium is integrated with bus-interchange and connections to Bukit Panjang LRT-Station and Bukit Panjang MRT station, which will provide seamless access to public transport. Hillion Residences is also easily accessible via major arterial roads like Upper Bukit Timah Road, Woodlands Road and expressways such as KJE and BKE. Hillion Residences is within a short drive to Beauty world...
The first mixed-use development in the west - Hillion Residences - was launched by property developer Sim Lian on Thursday. The 99-year leasehold private condominium in Bukit Panjang integrates residential living with a retail mall and an air-conditioned bus interchange. It will be also be linked to the existing LRT station and upcoming Bukit Panjang MRT station in 2015. The project consists of 546...
Housing must be affordable, but the Housing & Development Board (HDB) must also remain financially viable, said former HDB chief executive officer Liu Thai Ker. He was speaking about Singapore's housing policies at a lecture organised by the Ministry of National Development (MND) on Thursday. Dr Liu, who is also the chairman of the Centre for Liveable Cities, said that Singapore must remain prudent,...