The Housing and Development Board (HDB) has closed the tender for a residential site at Tampines Avenue 8 after receiving six bids. The highest bid of S$187.6 million came from joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings. That translates to about S$292 dollars per square foot per plot ratio. The land parcel has a site area of more than 20 thousand square metres and a maximum...
General
Mainboard-listed Hongkong Land said its exit offer to shareholders of takeover target MCL Land is now 'unconditional'. This follows the passing of a resolution at MCL's extraordinary general meeting on Tuesday to approve the proposed voluntary delisting of MCL Land from the Singapore Exchange. For stockholders who have already accepted the exit offer of S$2.45 per stock unit, payment will be made by...
Many luxury condominium units in Singapore are still vacant even after completion, as the luxury home market remains quiet in the previous years. According to new data released by property consultancy firm CB Richard Ellis (CBRE), 12 condo projects have been completed this year, each with over 10 units yet to find a buyer as of last month. Out of the 12 projects, 10 are located in the prime areas, with a...
D'Leedon is a short walk to the upcoming Farrer Road MRT station. Nearby recreational facilities includes the Singapore Botanic Garden and Bougainvillea Park. Residents can get their necessities at the Empress Road Market and Food Centre or at the shopping centres close by. There is a string of shops, restaurants, and eating establishments at Holland Village, which is in close proximity. Getting to the...
THE much-anticipated project (D'Leedon) to be built on the former Farrer Court site is expected to be previewed later this month after almost two years of delay. The 99-year leasehold project, consisting of seven 36-storey towers and located on a 838,488 sq ft site, will include one- to four-bedroom apartments, penthouses and 12 strata villas. The expected average price across the project will be in the...
Sim Lian Group said yesterday that it has sold 332 units out of the 390 units launched at the 696-unit Waterview at an average price of $838 psf. The project located at the junction of Tampines Avenue 1 and Tampines Avenue 10 was launched last Friday. Twelve of its 24 penthouse units have also been sold. 90 per cent of the buyers were Singaporeans with the remaining buyers permanent residents and...
Singapore's National Development Ministry said 1,318 families have benefited from the Interim Rental Housing scheme as of end-October. The scheme was introduced in January 2009 to help families in financial hardship find temporary accommodation while waiting for permanent housing solutions. Tenants pay about S$300 to S$400 monthly for a room, including utilities and service and conservancy charges, in a...
United States commercial property prices rose 4.3 per cent in September from the previous month, the biggest gain in a decade of records, Moody's Investors Service said. The Moody's/Real Commercial Property Price Index climbed 0.3 per cent from a year earlier as a small number of high-priced deals drove up values, Moody's said in a statement this morning. The measure had fallen to an eight-year low in...
Changes to the Residential Property Act were passed in Parliament on Monday. It restricts foreign ownership of landed residential properties, including strata landed housing and land meant for residential development. To prevent speculation, approved purchasers are allowed to buy only one property, which cannot be sold within the initial period of three years. Approved purchasers are also required to...
The Ministry of Finance has said that Singapore will need to be "vigilant about the possibility of a property market bubble and take further measures where necessary". Finance Minister Tharman Shanmugaratnam was responding to queries in Parliament over the possible effects on Singapore of the latest round of quantitative easing by the US. He added that the Monetary Authority of Singapore has "got a good...