A 4-storey walk up residential development at Holland Hill is up for collective sale. Olina Lodge is a freehold property, comprising of 67 apartment units. The over 84,000 square feet site is a short walking distance from Holland Village and enjoys good accessibility from major roads and the Pan-Island Expressway. Property consultants DTZ said the site can be redeveloped into a 12-storey residential...
General
Eleven@Holland is a beautiful collection of 82 strata semi-detached houses nestled along the tranquil Holland Link in prime District 10. Eleven@Holland is in a truly prime location. Situated in the area are the upcoming King Albert Park MRT station, and top schools such as Methodist Girls’ School, Henry Park Primary School, Hwa Chong Institution, Raffles Girls’ Primary School, Nanyang Girls’ High...
Prices of luxury homes in Singapore have moderated in the first quarter of this year due to property cooling measures, data from CB Richard Ellis' (CBRE's) Asian Luxury Residential Capital Value Index showed on Monday. The measures, announced in January, included raising the seller's stamp duty and reducing credit available to those who already have outstanding mortgages. CBRE said the increase in prices...
National Development Minister Khaw Boon Wan is roping in members of the public and market players for solutions to some of the inconveniences of HDB living. Some inconveniences cited are: putting out the laundry to dry, which can be dangerous; and rain coming in from under the front doors of HDB flats when there are strong winds. In his latest blog entry, Mr Khaw said he has asked Minister of State Lee...
Sales of luxury properties have hit a sluggish patch in recent weeks. That is according to industry players who said that the segment has underperformed despite the overall property boom last year. Analysts said most buyers of luxury properties, who are mostly foreign investors, are turning cautious about buying their next multi-million-dollar home, due to the uncertain global economy. Hamilton Scotts,...
Singapore's next big listing, Perennial China Retail Trust (PCRT), is hopping on board the transportation phenomenon that is sweeping over China. Plans for developments in high-speed rail are already underway across the country, such as the line between Beijing and Shanghai which cuts travel time in half. PCRT may not be involved in the development of such tier one city stations but it does have...
There has been a flurry of transactions at The Sail @ Marina Bay, with prices playing catchup with those at Marina Bay Residences (MBR). Last month, a unit at MBR hit an alltime high of $4,368 psf. A 2,368 sq ft apartment on the 46th floor was sold for $10.3 million on April 15. This trumped the previous record of $3,790 psf, which was achieved when a 1,959 sq ft unit on the 46th floor was sold for $7.2...
The Centre for Liveable Cities has signed an memorandum of understanding with the Urban Land Institute to conduct joint research and conferences on building sustainable cities for the future. At the signing ceremony, representatives from both organisations highlighted urban planning challenges in Singapore. These include planning with an ageing demographics and increasing population density in...
The Housing and Development Board (HDB) has launched a new set of notes under its S$7 billion Medium Term Note Programme. The issuance comprises a S$350 million, five-year Fixed Rate Note issue with a coupon of 1.685 per cent per year. The notes to be issued will be in denominations of S$250,000 and will be offered by way of placement to investors. The joint lead managers are ANZ bank, DBS, HSBC, OCBC,...
Indonesia's buoyant economy has prompted Singapore's Frasers Hospitality to make its first major foray into Jakarta's serviced residence market. The company recently opened its first property in the capital and plans to have three more in the next three years. Frasers Residence Sudirman added 108 units to the existing 4,500 serviced residences already in Jakarta. Frasers is only the second Singapore...