A joint venture (JV) between CLSA Capital Partners and Lippo Group has sold the remaining 14 condo units in the 26-unit freehold property The Holland Collection at slightly more than S$50 million, or about S$1,600 psf, on average. The buyer of the remaining units, which comprise two-, three- and four-bedroom apartments, is said to be Straits Trading. Located near the Singapore Botanic Gardens, the...
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Cache Logistics Trust has purchased two Singapore properties for about S$39.8 million, said the trust's manager, ARA-CWT Trust Management. The properties are a 177,000 square feet two-storey ramp-up warehouse with a mezzanine office in Changi North International Logispark, and a 55,000 square feet single-storey warehouse with an extended two-storey office annex for the storage of chemical and dangerous...
Scotts Square, a 338-unit freehold highend condominium development in the prime Orchard Road-Scotts Road neighbourhood, is back on investors’ radar screens, as it scheduled to obtain the temporary occupation permit towards the latter part of this year. Scotts Square, by listed luxury developer Wheelock Properties, comprises two residential towers of 43 storeys and 32 storeys each atop a three-storey...
Camay Court, a freehold residential redevelopment site in Lorong M Telok Kurau, has been sold to Residenza Pte Ltd for S$30.5 million. Residenza is a consortium of property developers Heeton Holdings, KSH Holdings and contractor TEE International. The consortium also acquired Macpherson Green, another residential development, with Zap Piling just a day earlier. Camay Court's marketing agent Knight Frank...
It has been almost two months since the Government introduced its most recent set of property market cooling measures. Market sentiment has been dampened but buying interest remains rather resilient, underlined by the healthy take-up at various new launches in recent weeks. According to data provided by the research team at propertyguru, the number of visitor sessions to the real estate website increased...
There are three evils in this world, said one of my colleagues a few days ago. There are lies, statistics and research. He was joking, of course, but I understood his point. Compared to only five years ago, there is a lot more real estate stuff - data, comments and analyses - in the public domain these days, both in the traditional media and on the Internet. There is so much of it out there that it...
China's home prices will decline later this year, with sales volume already falling following purchase restrictions by local governments, said Mr Li Daokui, an adviser to the People's Bank of China (PBOC), the country's central bank. A 5- to 10-per-cent drop in home prices will be a "significant achievement", he said in Beijing yesterday. Cities such as Chengdu in south-western Sichuan province should be...
The Candy brothers claim they are on track to make a £1-billion (S$2.05 billion) profit from their luxury residential development at One Hyde Park in central London. The colourful property developers, who were roundly mocked for starting the extravagant project four years ago, say that 50 apartments have now been sold, with fewer than 30 left to go. One of the penthouses was sold for more than £135...
Experts have said Pine Grove's high development charge (DC) of S$460 million may be a deal breaker for property developers. They add that the site's DC has increased by 9.5 per cent, in line with the DC rate hike earlier this month. Including the DC, analysts said Pine Grove's total cost for a buyer works out to S$2.16 billion or S$1,152 per square foot per plot ratio. A lush green view is what Pine...
A consortium of four companies have agreed to jointly acquire the MacPherson Green site for S$105 million, through a collective sale tender. They include niche property developer Heeton Holdings, together with KSH Holdings, TEE International and Zap Piling. Heeton will own 40 per cent of the project, while KSH will take up 25 per cent, TEE International will hold 20 per cent and Zap Piling will take the...