Developer Bukit Sembawang Estates has sold 71 of the 78 homes of its Luxus Hills (Signature Collection) during the preview weekend. 32 homes were sold on Aug 30, the first day of preview, prompting the developer to release the remaining 46 homes for sale. Prices ranged from S$3.058 million to S$4.2 million. 95 per cent of buyers bought homes for their own occupation, while about three quarters of...
General
Just a few years ago, property agent Evonne Tang remembers flipping through the classified advertisements every morning, painstakingly perusing property listings and circling ones that could potentially interest her clients. However, all this information — and more — is now at her fingertips, thanks to mobile applications provided by property agencies, drastically reducing the time she has to spend...
A sky park is set to be built above the Bukit Timah canal, National Development Minister Lawrence Wong announced on Saturday (Aug 31). Construction works for the first phase of the new park, a 1.4km elevated stretch that runs from the Rail Corridor to Elm Avenue, will start in 2021 and is expected to be completed within two to three years. Advertisement The sky park is part of the National Parks...
Against the backdrop of a challenging macroeconomic environment, the government has announced muted adjustments in development charges (DC). The Ministry of National Development on Friday evening announced that it is raising DC rates for commercial use by 1.7 per cent on average for the period Sept 1, 2019 to Feb 29, 2020. The increase is only a shade of the 9.8 per cent hike for the last revision that...
The government has raised development charge (DC) rates for commercial use by 1.7 per cent on average for the period Sept 1, 2019 to Feb 29, 2020. This is a slower rate of increase than the 9.8 per cent hike for the last revision that took effect March 1 this year. DC rates for non-landed residential use have been trimmed by 0.3 per cent on average. This follows the 5.5 per cent cut in...
A new asset class may soon be added to the Singapore Reit (S-Reit) universe later this year: grocery-anchored malls. They may not seem exciting but property trusts anchored by these bread and butter businesses are seen as safe havens amid the challenges retailers are facing today. Proponents of the asset class, which is a norm in the United States and Britain, tout the resilience of necessity...
Plans are in the works to conserve three buildings at the site of the former Singapore Chinese Girls' School (SCGS) in Orchard Road, said the Urban Redevelopment Authority (URA) on Friday. It said it has proposed their protection and that the buildings will be adapted to house new cultural and lifestyle uses, in line with the Government's plans to strengthen and differentiate Orchard Road with unique...
Investors from Singapore spent an eye-catching US$5.7 billion in offshore commercial real estate investments in the first half this year, ranking it as the second-largest source of Asian outbound capital just after South Korea, a latest report by real estate agency CBRE shows. For the first six months this year, South Korean investors chalked up US$6.8 billion worth of overseas transactions. Year on...
A residential site at Jalan Bunga Rampai off Bartley Road has been launched for sale by public tender under the confirmed list of the second half of the 2019 Government Land Sales (GLS) Programme, the Urban Redevelopment Authority announced on Thursday. The development with a 99-year lease occupies a site area of 4,666.6 square metres (sq m), and a maximum gross floor area of 9,800 sq m. Tricia...
A prime District 10 freehold condominium, Beaufort On Nassim, has been launched for collective sale by tender at a minimum expected price of S$222.68 million, real estate services firm Savills Singapore announced on Wednesday. The price tag translates to a unit land rate of S$3,508 per square foot per plot ratio (psf ppr). Completed in 2008, the four-storey development on 12 Nassim Road occupies a...