General

The new Funan mall welcomed its first customers on Friday morning, unveiling its new look after a S$560 million renovation which took three years. The former IT mall, which closed in mid 2016 for redevelopment, has swapped its geeky image for a swankier lifestyle vibe. A six-storey steel structure called the Tree Of Life forms the centrepiece of the revamped mall, housing retail pods for brands to...

Following the introduction of cooling measures last year, Singapore’s property market is now "more sober" with early signs of slower price increases and lower transaction volumes. This was according to Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), who added that the measures still need time to work their way through. He was speaking at the press conference on the...

Units at upcoming freehold Bukit Timah condo Juniper Hill, at Ewe Boon Road, will be up for sale on July 13, developer Allgreen Properties Ltd said in a media statement on Thursday. Prices start from S$1.6 million for a two-bedroom unit, and S$6.1 million for a five-bedroom unit. Units range from 581 to 2,217 square feet (sq ft) in size, with prices ranging from S$2,600 to S$2,900 per square...

The Urban Redevelopment Authority (URA) on Thursday said it has released three sites for sale, under the first half of the 2019 Government Land Sales Programme. All three sites have a lease tenure of 99 years. The site at one-north Gateway is launched for sale under the confirmed list as part of JTC's efforts to inject more residential spaces in the one-north estate in a bid to meet housing needs,...

Land-scarce Singapore has three ways to stretch its land options: going upward, downward and seaward. National Development Minister Lawrence Wong detailed these different ways in a blog post on Wednesday (June 26). "Land is a critical factor in any country's development, more so for a little red dot like Singapore," he wrote. "But through human ingenuity, we can come up with innovative ways to...

The entire 30th floor located in Grade A office building Springleaf Tower is up for sale via an expression of interest exercise, with a guide price of S$29.5 million. This works out to about S$2,746 per square foot (sq ft) based on the strata area of 10,742 sq ft, exclusive marketing agent CBRE said on Wednesday. There will be no additional buyer's stamp duty or seller's stamp duty. Springleaf Tower,...

French hospitality group Accor announced on Tuesday (Jun 25) that a second Raffles hotel will open in Singapore in 2022. The Raffles Sentosa Resort & Spa Singapore will be located on a site adjacent to the existing Sofitel Singapore Sentosa Resort & Spa. Both hotels are managed by Accor. Set in over 100,000 sqm of lush landscaping, the Raffles Sentosa Resort & Spa Singapore will be a villa-only resort,...

Private previews for condominium Cuscaden Reserve in the centre of Orchard Road are expected to start in the third quarter of the year. Singapore luxury property developer SC Global Developments, Hong Kong-listed developers and hotel operators New World Development and Far East Consortium won the tender for the 99-year leasehold site with a joint bid of S$410 million in April last year - a bid which set...

An industrial site at Tuas South Link 3 has been triggered for tender with a minimum bid price of S$2 million, while another plot at Kaki Bukit Road 5 is available for application under the first half of 2019 IGLS (industrial government land sales) programme, JTC announced on Tuesday. A site on the reserve list is triggered for launch if a developer's indicated minimum price in its application is...

A consortium led by Sustained Land has sold nearly 40 per cent or 102 of the total 262 units at the Sky Everton project during its weekend launch. The average price is S$2,550 per square foot for the freehold condominium on the former Asia Gardens site at Everton Road. The project is being marketed by ERA, Huttons and PropNex. Sustained Land executive director Douglas Ong said that of the 102...