General

More than 70 per cent of the units at Park Regent – a joint-venture (JV) freehold residential development in Kuala Lumpur by mainboard-listed CapitaLand and Malaysia’s ParkCity Group – have been sold. Homebuyers have snapped up more than 353 of the total 505 units at an average of RM1,100 (S$365) per square foot, as at 6pm on Sunday, after the priority launch weekend. Malaysians made up 80 per...

Commerz Real has sold its 71 Robinson Road property to SV Robinson for S$655 million. SV Robinson is a real estate investment company which is a member the Sun Venture group of companies. The sale was done through its open-ended real estate fund hausInvest, Commerz Real said on Tuesday. Commerz Real was also advised on the sale by CBRE and JLL, with law firm Dentons providing legal consulting, and EY...

JTC on Tuesday launched two sites - one at Tampines for tender, and another at Tuas for application - under the second half of the 2019 Industrial Government Land Sales (IGLS) programme. The launch is part of the government's efforts to offer more choices for industrial development, JTC said. Both sites have a lease tenure of 20 years, and have been zoned "B2" for heavier industrial use. The...

A row of apartments and shops on Phoenix Road near Bukit Panjang has been sold en bloc for S$42.6 million in the property’s second collective sale attempt. The buyer was CNQC Realty (Treasure), a subsidiary of developer Qingjian Realty (South Pacific) Group, according to marketing agent Colliers International on Monday evening. The sale price is above the owners’ asking price of S$42 million, and...

A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office and retail units of its DUO property development in Singapore, it said late on Monday (Jul 29). The joint venture named M+S Pte Ltd will sell all the shares of its wholly owned subsidiary, Ophir-Rochor Commercial Pte Ltd, worth S$1.575 billion (US$1.15 billion) to Allianz Real...

Apartment development Min Yuan, a 27-unit residential with commercial on its first storey has been put up for sale with an asking price of S$145 million, said exclusive marketing agent CBRE on Monday. Including a payable development charge of around S$19.55 million, the land price works out to about S$2,678 per square foot per plot ratio (psf ppr) for the 999-year leasehold site which spans about 14,629...

Prices of completed private apartments and condominiums in Singapore dipped 0.7 per cent in June from the previous month, falling after two months of gains. The figures are flash estimates released on Monday by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. Falls were observed for both apartments...

Freehold condominium Watten Estate will be up for collective sale by public tender on July 30 with a reserve price of S$536 million. This translates to a land rate of S$1,738 per square foot per plot ratio (psf ppr), sole marketing agent Huttons said on Monday. The 104-unit development is located at Shelford Road, and is zoned for residential use with a gross plot ratio of 1.4. It has a sprawling land...

Bookings for Piermont Grand Executive Condominium (EC)–the first and likely sole EC launch this year – commenced on Saturday, 27 July 2019 for eligible buyers. As of 6pm on Sunday, 28 July 2019, 375 units (46%) of 820 units have been snapped up by eligible buyers. This makes Piermont Grand by far the best-selling property launch in 2019. Eligible second-time buyers accounted for about 65% of the units...

Private home prices in Singapore rose unexpectedly in the second quarter to hit their highest level in at least five years, with apartments around the central region and suburbs proving most popular with buyers. The private residential property index increased 1.5 per cent to 150.8 points in the second quarter, beating an initial estimate and reversing two consecutive quarters of decline, data from the...