General

Sales of private homes by developers in Singapore fell 15.2 per cent in May from a year earlier, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jun 17). Developers sold 952 units last month compared to the 1,122 units sold during the same period the previous year. No new executive condominiums were sold or launched last month. On a month-on-month basis, sales of...

Stealth marketing is going on at 71 Robinson Road, which was last transacted in April 2008 at a then-record price of S$3,125 per square foot. The Business Times understands that an expression-of-interest exercise to find a buyer for the 15-storey office block began without publicity in April, with the appointed marketing agents, CBRE and JLL, approaching a small pool of potential buyers. Submissions...

As prices of Sentosa Cove properties drop to a record low, a condominium unit at a development called Seascape on the resort island was recently sold at a 50 per cent loss. The 2,336 sq ft three-bedroom unit was sold for S$3.1 million on May 23, which is S$3.2 million below its original purchase price of S$6.27 million in 2010, based on information from the Urban Redevelopment Authority’s transaction...

Rents for private non-landed homes were down 0.3 per cent in May from April, while rents for HDB flats rose slightly by 0.1 per cent, according to flash data from real estate portal SRX on Wednesday. The fall in rents for condominiums and private apartments in May followed a 0.5 per cent gain in April, which was adjusted from its initial flash estimate of 0.6 per cent. The core central region saw...

Two freehold commercial shophouses located separately at 148 Neil Road and 114 Jalan Besar have been put up for sale via an expression of interest exercise, exclusive marketing agent CBRE said on Wednesday. The two-storey Neil Road shophouse has a guide price of S$15.5 million. It includes a basement and attic level, and sits on a freehold site of about 1,587 square feet (sq ft), with a total built-up...

Singapore's condo resale prices rose 0.4 per cent in May from April, rising for the fourth consecutive month, according to monthly figures from real estate portal SRX Property released on Tuesday. The increase in May follows a 0.8 per cent gain in April, which was adjusted from its initial 0.9 per cent flash estimate. Price gains of non-landed private homes were led by the city fringes, or rest of...

Sky Everton is a 36-storey exclusive freehold tower located at Everton Road in the highly sought-after Tanjong Pagar enclave. It is set right on the edge of the city enjoying incomparable convenience when comes to travelling to your desired destination. Outram Park and future Cantonment MRT Stations are just a stone’s throw away. Working professionals will appreciate the easy and short commute to reach...

From Tuesday (Jun 11), those looking to buy a balance flat from the Housing and Development Board (HDB) can view the online listing at any time of the year and book a flat as early as a day after making an application. This new option of an "open booking", first announced by National Development Minister Lawrence Wong in February, would allow more home buyers to move into their flats earlier, said HDB...

APAC Realty, which operates the ERA brokerage brand here and across the Asia-Pacific, has invested S$1 million in proptech startup Dots Connected via a three-year convertible note that comes with no interest. A convertible note is a form of debt that comes with an option to be converted into equity. Dots Connected owns UrbanZoom, an artificial intelligence driven auto-valuation platform for real estate;...

Five adjoining freehold prime shophouses situated in the Kampong Glam conservation area have been put up for sale via an expression of interest exercise, at an indicative price of S$23.8 million for the entire portfolio. This works out to S$2,970 per square foot (sq ft), sole marketing agent CBRE said on Monday. As the property is also zoned as full "commercial" under the 2019 Draft Master Plan,...