General

A portfolio of 32 freehold city-fringe shophouses located along Lavender Street and Serangoon Road has been launched for sale by public tender at a guide price of S$138 million, marketing agent JLL announced on Wednesday. Assuming no development charge is payable, the indicative price for The Lavender Collection translates to S$1,736 psf (per square foot) on the estimated GFA (gross floor area), or...

A row of three shops and the residential units above them along St George’s Road will be launched on Thursday for collective sale via private treaty at an asking price of S$26.5 million. Located at 2, 4 and 6 St George’s Road, the 4,403 square feet (sq ft) freehold land has a plot ratio of 3 and gross floor area of 13,210 sq ft, said sole marketing agent Jie Sheng Housing Agency on Wednesday. The...

A row of seven adjoining conservation shophouses in Geylang has been launched for sale at a guide price range of S$40 million to S$42 million, marketing agent Knight Frank Singapore said on Tuesday. Also under the same sale exercise are two adjoining conservation shophouses on Joo Chiat Road, offered at a guide price of around S$7 million to S$7.5 million. Both sets of freehold properties are up for...

Local e-commerce firm Shopee opened its new regional headquarters on Tuesday (Sep 3) as it leverages strong growth in Southeast Asia. The six-storey building in Kent Ridge, spanning 244,000 sq ft, is nearly six times larger than its previous office across the street. It can house up to 3,000 employees. Shopee has seen "tremendous" growth since it was founded four years ago, said Deputy Prime Minister...

Five strata lots for retail and office use spanning seven storeys at 30 Raffles Place have been launched for sale by joint marketing agents JLL and Cushman & Wakefield. The building, formerly known as Chevron House, is undergoing comprehensive asset enhancement initiative (AEI) works, after property developer Oxley Holdings agreed to sell it to Golden Compass, the investment vehicle of US-based real...

A three-storey conservation shophouse located at Chinatown is up for sale via expression of interest with an S$8.5 million indicative price. This works out to S$2,660 per square foot (sq ft) with an estimated gross floor area of 3,196 sq ft, sole marketing agent CBRE said on Monday. Located at 18 Sago Street with a 5.4 metre frontage, the property sits on a land area of around 1,115 sq ft with a...

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is cementing its position as the largest serviced residence operator in Singapore with a record number of openings this year as well as the signing of its first Citadines Connect business hotel in Singapore. Citadines Connect City Centre Singapore, secured under a franchise agreement, will increase Ascott’s total portfolio in...

Property group Top Global has decided to buy 23 freehold commercial strata-titled lots with 43 property addresses in Thong Teck Building for S$170 million. The properties comprise 39 office units and four retail units located within the nine-level Thong Teck Building on 15 Scotts Road, which was built in the mid-1970s and upgraded in 2014. The Business Times (BT) had reported in May that Top Global...

Two new Punggol Build-To-Order (BTO) housing estates will pay tribute to Punggol’s history as a fishing village and to one of Singapore’s earliest zoos, the Housing and Development Board (HDB) announced on Sunday (Sep 1). The 2,724 flats within Punggol Point Crown and Punggol Point Cove will be launched for sale in September, and are expected to be completed by 2024. “Tailored to capitalise on...

SingHaiyi Group’s newly launched Parc Clematis sold 324 of the 465 units released for sale by the end of the launch day on Aug 31. This worked out to an average selling price of about S$1,580 per square foot (psf). The developer said that 48 per cent of the units sold consisted of one-bedroom and various dual-key bedroom units. Situated along Jalan Lempeng at the junction of the Ayer Rajah...