General

Unit prices for Sengkang Grand Residences will start from S$798,000 for one-bedroom plus study units, said CapitaLand and City Developments (CDL) on Wednesday. The integrated development comprises 680 units across nine blocks, with unit sizes ranging from 474 square feet (sq ft) for a one-bedroom plus study, to 1,324 sq ft for a four-bedroom premium plus flexi unit type. A two-bedroom unit will cost...

The professional standards of property agents have improved over the years, industry players said following online criticism that some agents fall short when it comes to helping their clients and acting in their best interests. This comes after the Council for Estate Agencies (CEA) said on Monday (Oct 21) that a property agent was fined S$30,000 and suspended 12 months for being unprofessional and...

Southeast Asian online realtor PropertyGuru announced on Wednesday (Oct 23) that it has decided not to proceed with its proposed initial public offering (IPO) on the Australian Securities Exchange (ASX). Its IPO would have raised about A$380.2 million (S$355 million). In a media release, the Singapore-based company cited "uncertainty in the current IPO market" as the reason for withdrawing its IPO,...

The Housing and Development Board (HDB) saw its annual deficit rise to nearly S$2 billion in the 2018/19 financial year from S$1.7 billion the previous year, with the number of new flats sold falling significantly. According to its annual report released on Wednesday (Oct 23), HDB recorded a deficit of S$2.4 billion from its housing programmes, which was offset by a S$462 million surplus from “other...

A residential development site situated off Upper Serangoon Road has been put up for sale via public tender at an indicative price of S$13.5 million. This works out to S$850 per square foot (psf) on a land area of around 15,871 square feet (sq ft), exclusive marketing agent CBRE said on Tuesday. The site is zoned for residential use with a plot ratio of 1.4, based on the Urban Redevelopment...

Imagine you've found the perfect hire, only to learn she turned down the job because her daily commute would just be too long. Or you're looking to expand your premises, but since there's no space left in the same building, you’re forced to consider a pricey relocation. These are familiar pain points for Singapore's corporates, especially amid today's talent shortage and the tight office supply in the...

With the disruption posed by e-commerce, retail malls in Singapore are rapidly evolving beyond mere sales to introduce experiential- and activity-based concepts to entice returning customers, said a new paper by real estate consultancy Edmund Tie. While Singapore's GDP (gross domestic product) and household incomes have steadily recovered since the 2009 global financial crisis, rising at a compounded...

International Press Building, an industrial property at 26 Kallang Avenue, has been launched for sale at an indicative price of S$30 million, sole marketing agent Savills Singapore said on Monday. The detached six-storey property, located in the central region of Singapore, occupies a total site area of about 54,000 square feet (sq ft). It has a gross floor area of 134,000 sq ft and a plot ratio of 2.5...

A property agent has been fined S$30,000 and suspended 12 months for being unprofessional and unethical in a property transaction, said the Council for Estate Agencies (CEA) on Monday (Oct 21). This is the highest fine and longest suspension meted out to a property agent, the statutory board said in a media release. PropNex Realty agent Ngu Ping Chuan James Ethan, also known as James Ngu, 39, made...

Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of S$23 million to S$25 million, marketing agent Knight Frank Singapore said on Thursday. The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres (about 4,703 square feet). Under the Urban Redevelopment Authority's 2014 Master Plan, the site is zoned...