A small District 9 apartment building has broken a more than six-month silence in the residential collective sale market. The five-unit Sophia View was sold in June in Singapore to a private investor. Marketing agent SRI declined to reveal the exact price tag coughed up but said each unit will get about S$2 million. Sophia View, at 108 Sophia Road, is zoned residential and has a plot ratio of...
General
Singapore Shopping Centre has put itself on the collective sale market with a reserve price of S$255 million. The seven-storey retail and office development, located at 190 Clemenceau Avenue opposite Dhoby Ghaut MRT, spans a land area of 2,449.8 sq m. It is zoned for commercial use under DMP19 with a plot ratio of 4.2+. The development also has a "prominent triple-road frontage onto Clemenceau...
A 30-year leasehold site near Sembawang Park has been put up for tender to pilot a new residential care community concept for persons with dementia. The site at Gibraltar Crescent will be specially designed to provide a safe, home-like environment where residents are assisted to live independently, the Urban Redevelopment Authority (URA) and Ministry of Health (MOH) said in a joint press release on...
A Good Class Bungalow (GCB) at 80 Belmont Road will be auctioned next week in a mortgagee sale with a guide price of S$42 million, property consultancy Knight Frank Singapore said on Tuesday. That works out to a price tag of about S$1,557 per square foot (psf). The auction will be held at 2.30pm on July 23, at the Connection Room on Level 3 of Amara Singapore hotel. The two-storey freehold...
Property developers City Developments Ltd (CDL) and Ho Bee Land typically aim to sell off all units in their residential property developments, but in the waterfront housing district of Sentosa Cove, they have been leasing out some units in their respective projects in recent years. This is not by choice, but due to the tough condo sales market in the locale. Transactions have been relatively few at...
Developers in Singapore sold 821 private homes in June, down 13.8 per cent from the 952 units they moved in May, but 25.5 per cent higher than the 654 units they sold in June last year. This came as 670 private homes were launched last month, down from 1,394 units in May as well as the 726 units in June last year. There were only four new projects - Sky Everton, Lattice One, Seraya Residences and...
Foreigners are once again pouring money into Singapore's high-end property market despite hefty levies introduced last year. And it is the Chinese who are leading the return, property brokers say, even though British billionaire James Dyson grabbed headlines this week with the purchase of Singapore's most expensive apartment. Some of the Chinese investors are apparently buying into these luxury homes...
A four-level retail podium and the three lowest office floors designated for a banking hall in a revamp of the former Chevron House have been put up for sale through an expression of interest exercise. The 32-storey property at 30 Raffles Place is being spruced up at a cost of about S$110 million, The Business Times understands. Among other changes, part of basement 2 is being converted from carpark...
71 Robinson Road is all set to change hands and a sale is in the works for this 15-storey office block. It has been reported in the media that Sun Venture, the property investment group is busy conducting exclusive due diligence, for which it has been granted the rights with the aim to purchase this office property. It is being estimated that the price for this acquisition would be around S$2,800 psf...
Applications for Piermont Grand, this year's first executive condominium (EC) launch, will start this coming weekend from July 12 to July 22, with bookings to be conducted on July 27. The 820-unit EC is a project developed by City Developments Limited (CDL) and TID which overlooks My Waterway@Punggol. CDL did not comment on the pricing of the project. The EC offers three-, four- and five-bedroom...