UOL Group has acquired Lion City Hotel, a freehold property at the junction of Tanjong Katong Road and Geylang Road, for S$313 million. The property, which has a site area of 147,910 square feet, is also near the existing Paya Lebar MRT interchange. UOL says that its wholly-owned subsidiaries UOL Residential Development and UOL Property Investments have successfully tendered for the site. The company...
General
Personal gardens and car porches look set to become even rarer as the share of landed homes in Singapore falls. According to Savills Singapore, around 2,900 new landed housing units were launched in the first three quarters of last year, accounting for 2.9 per cent of all the 99,200 new private homes rolled out in that period. This has dropped from 8.2 per cent in 2000. Of the 52,700 new private homes...
Set on the glorious east coast of Singapore, The Cape is truly a beacon that illuminates. And enlightens, if you will. Because The Cape is built for deeply sophisticated individuals that reinvents the rules and sets the trends. A distinctively unique group of people that sees beauty in enjoying the best of trans-urban living. Location: 25 Amber Road (District 15) Tenure: Freehold Year of Completion:...
The manager of mainboard-listed Cambridge Industrial Trust (CIT) has received a formal notice from the Singapore Land Authority on the compulsory acquisition of land that will affect its properties. CIT said the compulsory acquisition of land along Tuas Road is for the construction of Tuas West Mass Rapid Transit extension and several road works. Based on its initial assessment, CIT said three of its 43...
The developer of Singapore's newest executive condominium said the latest round of property cooling measures have hit sales. The Austville Residences in Sengkang has sold about 20 per cent of its 540 units. It was hot property before the measures were announced last Thursday. A long line of potential home buyers queued overnight to secure their choice unit on the first day. But the cooling measures...
The Urban Redevelopment Authority (URA) has launched the tender for a residential site at Bedok Reservoir Road. It has also accepted an application from a developer to put up the residential site at Bartley Road and Lorong How Sun for sale via public tender. The two residential sites can in total potentially yield about 1,260 housing units and will offer home-buyers with more housing choices. The land...
Sales of new private homes totalled 1,332 units last month, down 583 units from November, the Urban Redevelopment Authority (URA) said yesterday. Inclusive of executive condominiums, or ECs, the total number of units sold amounted to 1,699 units. This is a sharp fall compared to November, when new private home sales including ECs numbered 2,092 units. But experts said the fall was seasonal in nature,...
Two properties, Ying Mansions at 25 Robin Road and Villa D'Este on Dalvey Road, are up for sale, marketing agent CBRE said yesterday. Ying Mansions is an 8-unit development with a gross floor area of 55,000 square feet. The site has a plot ratio of 2.1 and can be built up to 24 storeys. CBRE said the property was expected to fetch $70 million. It said Ying Mansions would attract developers looking for a...
The turnout of buyers for today's soft launch of Roxy Pacific Holdings' Spottiswoode 18 is likely to be good despite the cooling measures announced by the Government last week, analysts said. "I think the response would be fairly warm. Of course, it would've been very hot if the project had been introduced prior to the cooling measures," said Mr Donald Han, Cushman & Wakefield's vice-chairman of...
NTUC Income has paid $101 million for a 49 per cent equity stake in Savu Investments, the company holding 16 Collyer Quay previously known as Hitachi Tower. This transaction values the 999-leasehold office building at about $626 million or $2,250 per sq foot. The prime office property, located near the waterfront in the Collyer Quay area, has a net lettable area of 278,356 sq feet. NTUC Income said...