General

A good class bungalow (GCB) at 5 Belmont Road will be auctioned in a mortgagee sale with a guide price of S$20 million, marketing agent ERA Realty said on Wednesday. This works out to a price tag of around S$1,225 per square foot (psf), based on the guide price and 16,327 square feet (sq ft) in land area. The freehold, two-storey property has a pool, a large basement entertainment area, as well as...

More than 4,000 new flats were launched for sale on Wednesday (Sep 11), in the first sales exercise where buyers can benefit from higher housing grants and raised income ceilings. A total of 3,373 Build-to-Order (BTO) flats were launched in Punggol and Tampines, while 719 unsold flats from previous sales exercises were launched under the Re-Offer of Balance Flats (ROF) exercise, said the Housing and...

Home buyers on Wednesday (Sep 11) said that the bigger grants by the Housing and Development Board (HDB) offer them wider options, including buying resale flats if they fail in the bid for a new flat. With the Enhanced Housing Grant (EHG), which took effect on Wednesday, more Singaporeans will be able to get housing grants when they buy their first home. The grant can be used for purchases of both...

A Killiney Road freehold hotel development site is up for sale via an expression of interest exercise, with owner private equity firm Lucrum Capital seeking in excess of S$155 million for it. Located in the Orchard Road precinct, the site has a land area of 13,148 square feet (sq ft) with a gross plot ratio of 2.8, and provisional permission has been obtained to rezone the site for hotel use. This...

The income ceilings to qualify for the purchase of new Housing Board flats will be raised and first-time flat buyers will get more generous housing grants from Wednesday (Sep 11). The household income cap will go up from S$12,000 to S$14,000 for families looking to buy a Build-To-Order (BTO) flat. This increased cap will also apply to HDB housing loans. Those looking to buy an Executive Condominium...

Southeast Asian online realtor PropertyGuru Group, whose backers include buyout firms TPG Capital and KKR, is planning an Australian IPO that could raise up to A$400 million (S$379 million) this year, sources with knowledge of the deal said. It would be the country's largest offering this year after Fineos, an Irish insurance software firm, listed in Australia last month after a A$190 million IPO,...

Construction works to build five MRT stations along the Jurong Region Line (JRL) are expected to start in 2020 and be completed in 2026, said the Land Transport Authority (LTA) on Tuesday (Sep 10). The five stations are - Choa Chu Kang, Choa Chu Kang West, Tengah, Hong Kah and Corporation. Two civil contracts worth a total of S$739.5 million were awarded for the projects, announced LTA in a media...

Developer GuocoLand Limited has announced the concept and design of Meyer Mansion. The sales gallery will open on 7 September 2019 for preview, and the development will launch for sale on 13 September 2019. The 25-storey residential tower comprises 200 units - offering a range of 1-bedroom to 4-bedroom premium units, with sizes spanning 484 square feet (“sq ft”) to 2,142 sq ft. The freehold seafront...

Capitaland business unit The Ascott has opened lyf Funan Singapore – its first co-living property spanning around 121,000 square feet (sq ft) in gross floor area. The nine-storey lyf Funan property comprises 412 rooms across 279 apartments. Five apartment types ranging from 18 to 105 square metres are available, with room rates from S$150, excluding taxes, to cater to both short and long...

There were fewer Housing Board (HDB) resale flats sold in August compared with July, though resale prices showed a slight increase month on month. A total of 1,921 HDB resale flats changed hands in August, a 9.4 per cent decline from the month before, real estate portal SRX Property said in its flash estimates on Thursday. Resale volume in August was 7.6 per cent lower than the same month last...