General

A freehold strata office floor at Sim Lim Tower in Jalan Besar has been put up for sale by tender with an asking price of S$15 million, marketing agent Edmund Tie & Company (ET&Co) said on Monday. Located on the 15th storey of the 17-storey building, the property spans the entire floor and has a total area of about 778 square metres (sq m) or 8,374 square feet (sq ft). It offers a 360-degree panoramic...

A corner conservation shophouse on 65 Club Street has been relaunched for sale at an indicative guide price of S$23 million via a public tender exercise. The heritage three-storey building with an attic has a 999-year lease tenure and occupies a land area of 2,083 square feet (sq ft) and a total floor area of 5,640 sq ft, said the exclusive marketing agent JLL on Monday morning. The indicative price...

Three adjoining corner shophouses in the Little India heritage area are up for sale with a reserve price of S$11 million, said its marketing agent Cushman & Wakefield on Monday. The properties, with individual land titles, sit on a combined land area of about 3,870 square feet, and has an estimated total floor area of about 7,771 sq ft. The indicative price of S$11 million works out to be about S$1,415...

Tech hub Sim Lim Square has extended the closing date for its collective sale tender by one month to give prospective bidders more time to explore the possibility of converting the commercial site into a hotel, the property’s marketing agent SLP International told CNA on Monday (Jun 24). The tender, which was meant to close on Monday, will now close at 3pm on Jul 22. Under the Urban Redevelopment...

Rentals for Grade A office buildings in Singapore's Central Business District (CBD) are expected to rise by 8 per cent this year, and 5 per cent in 2020, amid tight supply and high pre-commitments, according to a report by Colliers International. The real estate services and investment management firm also expects new supply in 2019-2021 to average 614,000 sq ft (57,000 sq m) per annum, or 2 per cent of...

Location: Jalan Lempeng (District 5) Tenure: 99 years leasehold Site Area: 633,644.38 sqft Year of Completion: 2023 Total Units: 1,468 Unit Types: 1 bedroom ~ 452 to 710 sqft 2 bedroom ~ 689 to 893 sqft 2 bedroom dual key ~ 670 to 861 sqft 2 + study ~ 742 sqft 3 bedroom ~ 861 to 1,076 sqft 3 bedroom dual key ~ 969 to 1,216 sqft 3 bedroom premium ~ 1,044 to 1,259 sqft 4 bedroom ~ 1,238 to 1,475 sqft 4...

Real estate developer SL Capital's freehold condo Sky Everton, the former Asia Gardens, will be open for booking on Saturday with prices starting from S$1.14 million for a one-bedroom unit. SL Capital is a joint venture between Sustained Land Pte Ltd, Ho Lee Group, Kwong Lee Land and Penjuru Capital Pte Ltd. The District 2, 36-storey single tower condo with 262 units is located at the fringe of...

Owners at the residential and retail complex Beauty World Plaza have launched another tender for a collective sale at a reserve price of S$165 million - unchanged from their previous attempt back in late November 2018. Authorities have also provided for an in-principle approval for redevelopment of the residential component to serviced apartments, following an outline application submitted, said...

Tee Land sold during its preview weekend 15 units out of 48 units at its condo Lattice One, at an average price of around S$1,800 per square foot (psf). That reflects a take-up rate of about 31 per cent. Units sold at the freehold development comprised two-bedroom, two-bedroom plus study and three-bedroom units with floor areas ranging from 50 square metres to 100 square metres, and buyers of these...

The rapid growth in e-commerce demand for retail purchases represents an opportunity for the logistics services market to grow further in Singapore, said Colliers International in a report. The Glimpsing the Road Ahead: Reshaping the Logistics Market report, citing a study by the payments technology company WorldPay, said the e-commerce market in Singapore is tipped to expand 48 per cent to US$7.4...