General

Prices of resale flats for the third quarter of this year rose 0.1 per cent from the second quarter, according to flash estimates released by the Housing and Development Board (HDB) on Tuesday (Oct 1). The resale price index - which provides information on the general price movements in the resale public housing market - is estimated to have jumped slightly from 130.8 to 130.9, following four...

Guocoland will open the sale and viewing of units for its 99-year leasehold Midtown Bay on Oct 5, with prices starting from S$1.38 million for a one-bedroom unit and S$2.08 million for a two-bedder. This works out to an estimated starting price of S$3,000 to S$3,400 per square foot (psf) for one-bedroom homes and starting price of S$2,800 psf for two-bedroom units, according to Lee Nai Jia, senior...

Boustead Projects Limited's 51 per cent-owned JV company, BP-TPM LLP, is buying IBM’s manufacturing facility in Tampines for S$77.4 million. Completed in 2010, the three-storey light industrial building has a gross floor area of 430,999 square feet. Located at 6 Tampines Industrial Avenue 5, the IBM Singapore Technology Park is currently leased to IBM by landlord JTC Corp for a 30-year period that...

The owners of Cascadale condominium in Changi are making a second attempt at an en bloc sale at the same reserve price of S$270 million, market agent JLL said on Tuesday. The 25-year-old freehold property in District 16 was first launched for collective sale in May this year. If the sale is successful, the owners of the 134-unit property will stand to receive between S$1.4 million and S$4 million...

Property developer GuocoLand will be launching residential project Midtown Bay, in Beach Road near Bugis MRT station, on Saturday (Oct 5), with one-bedroom units starting from S$1.38 million. The 99-year leasehold project is the residential component of Guoco Midtown, a S$2.4 billion mixed use development that includes a 30-storey office building, shops and food and beverage outlets for the...

A pair of two-storey conservation shophouses in Duxton Hill, Tanjong Pagar has been launched for sale with an S$11 million guide price, marketing agent JLL announced on Monday. The indicative price works out to about S$2,800 per square foot on the estimated gross floor area. Located on 39 and 40 Duxton Road, the shophouses have a combined land area of 2,161 sq ft, and an estimated built-up area of...

AN associated company of CapitaLand is buying the office space at the former GSH Plaza in Cecil Street from a fund led by Hongkong-listed Fullshare Holdings in a deal expected to exceed S$500 million. The building, now known as Plus, is at 20 Cecil Street, beside Republic Plaza. Sources told The Business Times the price works out to about S$2,320 per square foot, lower than what Nanjing-headquartered...

Mapletree Commercial Trust (MCT) is proposing to buy a business park in Pasir Panjang at an agreed property value of S$1.55 billion from Heliconia Realty, a direct wholly-owned subsidiary of Mapletree Investments, MCT’s sponsor. If completed, this could count as one of the largest acquisitions by a Singapore real estate investment trust (S-Reit) this year. S-Reits have in recent weeks been on an...

During the weekend before last, four new private residential projects were put on the market and all of them had posted relatively tepid sales, ranging from five units for Cuscaden Reserve to 21 units at Meyer Mansion. The other two projects released in that week were Uptown@Farrer, next to Farrer Park MRT Station in the Serangoon Road area, and The Antares, next to Mattar MRT Station in the Aljunied...

Co-living startup Commontown aims to double the number of beds it has in Singapore to 80 from 40 by the end of the year, and expand to Indonesia and Malaysia in the first half of 2020. The Singapore-headquartered South Korean firm will open new spaces in the Republic over the next three months, including in Geylang, Novena, Red Hill, River Valley and Tiong Bahru. The company opened its first...