Sky Green condominium, located along MacPherson Road, has seen strong buying demand. About 80 percent of the 176 units available at the freehold development have been sold during its soft launch, according to the consortium behind the project. The consortium comprises Heeton Holdings, KSH Holdings, TEE International and Zap Piling. In a statement, the consortium said the units were sold at an average...
General
515 units out of the 603 units released at eCO condominium project have been sold within a month. They were launched for sale on September 22. The 748-unit development, located at Bedok South is a joint venture between Far East Organization, Frasers Centrepoint and Sekisui House. The developers said all 240 two- and three-bedroom condominium units have been sold out. Meanwhile, about half of the SOHO...
The Urban Redevelopment Authority (URA) will be placing a Reserve List site at Alexandra View for sale by public tender. This comes after URA received an application from an unnamed developer to release the residential site for sale. URA said the developer has committed to bid at a price of not less than S$222,898,000 for the 99-year leasehold site which could potentially yield 375 residential...
Tanglin Shopping Centre is trying for an en bloc sale for the second time. It failed to find a buyer on its first attempt last year at a reserve price of S$1.25 billion. In fact, there has never been a successful en bloc sale in the Orchard Road shopping belt. Teresa Wong purchased a freehold shop spanning 330 square feet at Far East Plaza 25 years ago. For the beauty therapist, the need to control...
Singapore has topped a global ranking as the easiest place to do business for the 7th straight year. A report from the International Finance Corporation and the World Bank finds Singapore remains the top economy with the most business-friendly regulatory environment for local entrepreneurs. Singapore scored well in areas such as cross-border trading regulations, dealing with construction permits and...
Ascendas Land International Pte Ltd, a Singapore government-linked company, has set up a joint venture with Malaysia's UEM Land Berhad to develop an integrated eco-friendly tech park in Nusajaya. Nusajaya is one of the five flagship zones in Johor's Iskandar Malaysia. The integrated tech park will be located at Gerbang Nusajaya within the Nusajaya regional city. Ascendas and UEM Land will hold 60...
Soon-to-be listed Dynasty REIT says it expects to benefit from the granting this month of Singapore banking licences to two Chinese lenders. Dynasty is Singapore's first real estate investment trust to be denominated in the Chinese currency (CNY). It is set to go public next Tuesday in what may be the country's biggest IPO this year. Dynasty REIT aims to raise between S$981.3 million and S$1 billion...
Sales of small private apartments, commonly known as shoebox units in Singapore, have taken a downward turn. Data compiled by analysts show that new sales fell about 57 per cent in September from the previous month to 99 units. The fall in the sale of shoebox units occured after the government announced that it will moderate the number of shoebox apartments entering the market. Analysts said buyers are...
More executive condominiums (ECs) are now selling for more than S$1 million. Research from real estate agency Savills Singapore has shown that over 300 new ECs were transacted above S$1 million, with half of these transacted in the first eight months of 2012. The report said there are a "seemingly growing number of young, affluent buyers snagging bigger and more luxurious penthouses...". Other factors...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at New Upper Changi Road to Sherwood Development Pte Ltd, a unit of Keppel Land. The company submitted the highest bid in the tender at about S$434.5 million for the 3.18-hectare site. Experts said the breakeven cost is estimated to range from S$1,150 to $1,250 per square foot and the selling price is likely to be...