A rare development site at 70 Shenton Way has been put up for sale by tender. The commercial property, which belongs to Roxy-Pacific Holdings, is located in the Central Business District and is about three minutes' walk from Tanjong Pagar MRT Station. The property comprises a four-storey podium and a 17-storey office tower with an existing gross floor area of 19,557 square metres or 210,729 square...
General
A new price record has been set for private property in Singapore. According to an anonymous source, a four-bedroom apartment at SC Global Developments’ The Marq on Paterson Hill has been sold for S$5,842 psf, surpassing the previous record of S$5,600 psf at The Orchard Residences in October 2007. In addition, the recent transaction at The Marq sets a new benchmark for the project, exceeding the...
The Asia Pacific real estate market has continued to see positive sentiment and increased activity in the first quarter of this year, according to Jones Lang LaSalle's Asia Pacific Property Digest. It added that rents have increased across most markets. Jones Lang said positive business sentiment and continued corporate hiring underpinned the Asia Pacific office leasing market, as occupancy levels...
Elizabeth Tower, located in the heart of Orchard Road's shopping belt, is up for en bloc sale at an asking price of S$630 million. Marketing agent Credo Real Estate said the freehold development would be a perfect fit for a luxury homes branded developer. The development has a land area of above 54,000 square feet, with 80 units ranging from just under 2,000 square feet to above 3,100 square feet. As...
The Singapore Land Authority (SLA) said two new services have been added to OneMap, an integrated map platform for the public to access government agencies' location-based services and information. PropertyPrices shows the transacted prices of both private housing and Housing and Development Board (HDB) resale flats over the past year on a map. Users can also view information such as size of the unit,...
The Tanjong Pagar Railway Station will be relocated to the Woodlands Train Checkpoint with effect from July 1. The Immigration and Checkpoints Authority said the Tanjong Pagar Railway Station and the Bukit Timah Railway Station will cease all operations on that date. And all arrival and departure trains will terminate and start at the Woodlands Train Checkpoint. Source : Channel NewsAsia - 18 May...
When it comes to shopping, the Indonesians are slated to be the next big spenders. That's according to analysts, who say the country's large population and robust economic growth will contribute to higher disposable incomes. Analysts also said that this trend would mean Singapore-listed retail real estate investment trusts (REITs), which have large exposure to emerging markets like Indonesia and China,...
More buildings are going green. This year, the Building and Construction Authority (BCA) is giving out a record number of BCA Green Mark awards to 164 winners, up from 102 last year. Singapore is a step closer to the national target of "greening" 80 per cent of buildings by 2030. The Green Mark Scheme was introduced in 2005 to recognise water and energy efficient buildings. And as of 2008, all new...
May I suggest that the Government consider restoring the HDB rental system in a big way. During the early days of this nation, this was how many Singaporeans were adequately housed when they were resettled from kampungs. One-, two- and three-room Housing and Development Board (HDB) flats were rented out to those who could not buy. Why is it that these smaller flats were subsequently either perceived by...
Defying market expectations, sales of new private homes surged 29 per cent last month from March to 1,788 units, driven by robust demand in the mass market sector from HDB upgraders, data released yesterday by the Urban Redevelopment Authority showed That's the highest number of transactions since last November, as buyers returned in force after a temporary lull in February following the introduction of...