General

The public preview of Avenue South Residence will commence this Friday, with 300 units to be offered for sale at the initial launch on Sept 7. The apartment units are spread across two 56-storey towers and five conserved four-storey apartment blocks. Units comprise one-, two-, three- and four-bedroom units ranging from 474 square feet (sq ft) to 1,668 sq ft. In addition, the development will offer close...

The collective sale of City Towers in Bukit Timah has finally been completed at its fourth en bloc attempt and after a pair of sibling owners initially attempted to block the deal. Sale of the District 10 freehold site for S$401.9 million to a unit linked to Hong Kong tycoon Li Ka-shing was completed on Aug 27, real estate firm Colliers International announced in a press statement on...

Sporting goods retailer Decathlon will open a new store at The Centrepoint next year, the mall's owner announced in a media release on Tuesday (Aug 27). Frasers Property Singapore said Decathlon will be the new anchor tenant of the Orchard Road shopping centre. The outlet is expected to open in the first half of 2020. This follows news that department store Metro, the current anchor tenant at The...

Property developer Bukit Sembawang Estates Limited 999-year leasehold landed development Luxus Hills has released 32 out of 78 units for sale. Public preview will begin this Friday. Having sold seven units to date, the four-storey landed homes of Luxus Hills start from around S$3.058 million to S$4.2 million and has a starting per square foot (psf) price of around S$1,894. Located within Seletar...

The Singapore Land Authority (SLA), Singapore Tourism Board (STB) and Urban Redevelopment Authority (URA) will be appointing an operator for the integrated management of Bugis Village and Bugis Street to enhance the vibrancy of the area, which is popular among locals and tourists. Currently, CapitaLand Commercial Trust Limited (“CCT”) is managing Bugis Village, while Bugis Street Development Pte Ltd...

Attracted by Singapore’s stable political environment and relatively strong office rentals, Hong Kong investors pumped a total of US$1.4 billion into the Republic’s real estate in the first half of 2019. This accounted for more than a quarter of the US$5.2 billion in total outbound real estate investment from Hong Kong during the period, making Singapore the top destination, Cushman & Wakefield...

A conserved two-storey shophouse located at 65 Neil Road is being put up for sale by auction for at least S$8 million, translating to about S$2,800 per square foot (psf) based on a gross floor area of 2,834 sq ft. The shophouse comes with an attic and has a land area of 1,413 sq ft, real estate firm Collier’s International said on Monday. It also has 99-year leasehold tenure with effect from July 4,...

A good class bungalow (GCB) at 7 Chestnut Crescent will be put for sale via auction by its owner next month with an asking price of S$9 million, real estate firm Colliers International said on Monday morning. The freehold property is located within the GCB area in Bukit Panjang. There are 39 clusters in Singapore gazetted for GCBs. The asking price works out to around S$975 per square foot (psf),...

A COUPLE of commercial property deals were sealed recently. Along Cantonment Road, two floors of the 16-storey freehold Southpoint office building are being sold for S$78.4 million or S$2,444 per square foot based on the strata area of 32,076 sq ft. In the Katong area, a pair of freehold adjoining shophouses at the corner of East Coast and Joo Chiat roads, currently leased to German restaurant chain...

Measures such as shorter leases and longer minimum occupancy periods (MOP) might help to mitigate the “lottery effect” of public housing at the Greater Southern Waterfront (GSW), experts said. This follows the announcement by Prime Minister Lee Hsien Loong on Sunday that there are plans to build 9,000 private and public housing units on the site of the current Keppel Club when its lease expires in...