Thanks to the rising popularity of food delivery services and e-commerce, demand for food factories in Singapore is expected to remain healthy, even though the demand will likely lag behind supply in 2019-2020, said Tricia Song, head of research for Singapore at Colliers International. Her comments on Wednesday accompany the commercial real estate services provider’s research report tracking the...
General
Almost a year after intervening to stem soaring property prices, Singapore has done what it set out to do and stabilised the property cycle, Minister for National Development Lawrence Wong said. "The property market last year, before the cooling measures were put in place, we saw prices rising very sharply," Mr Wong said in an interview with Bloomberg Television's Haslinda Amin in Singapore. "There...
A land parcel at Bernam Street in Tanjong Pagar, slated for residential with commercial at first-storey use, is now up for sale by public tender. The Urban Redevelopment Authority (URA) launched the tender on Thursday, under the confirmed list of the first half 2019 Government Land Sales (GLS) programme. The site can potentially yield up to 325 residential units, and comes with commercial space on...
Braddell View another victim of moribund en bloc market The collective-sale cycle appears to be running out of steam, with no residential projects having achieved a successful outcome so far this year; the mega Braddell View estate has become the latest to reach its tender close with zero bids. Market watchers were unsurprised by the lack of takers for Singapore's largest private residential site,...
A freehold landed residential redevelopment site along Upper Changi Road has been put up for sale by expression of interest (EOI), with an indicative guide price of S$16 million. This works out to a land rate of S$1,051 per square foot (psf), said the property's marketing agent Knight Frank Singapore on Wednesday. The site comprises four freehold, single-storey houses, located at 537 Upper Changi Road,...
Rivière sits within a larger precinct which comprises of two residential towers, three conservation warehouses and Frasers Hospitality serviced apartments. The entire precinct is sited prominently next to the Singapore River, the birthplace of modern Singapore. The name Rivière, which means river in French, is inspired by the prime riverfront location of the property. Designed by award-winning...
Owners of Cascadale are, for the first time, putting the 25-year-old condominium development up for collective sale with a reserve price of S$270 million, marketing agent JLL announced on Tuesday. This translates to a land rate of about S$1,071 psf ppr, after including an estimated development charge of about S$17 million and before factoring any bonus gross floor areas, said JLL. The 134-unit...
Three floors at The Octagon, a 25-storey freehold office building on 105 Cecil Street, have been launched for bulk sale by tender on Monday. The prime ground floor retail unit and two office floors have a total indicative price of S$43 million, which works out to S$3,500 psf for the retail floor and S$2,450 psf for the office floors, according to sole marketing agent Cushman & Wakefield. Located on...
Singapore has been ranked among Asia’s top commercial real estate locations with attractive submarkets for technology, media and telecommunications (TMT) occupiers, according to a research report by property services firm Colliers International. In particular, the Shenton Way/Tanjong Pagar district was rated top in Singapore for TMT firms and flexible workspace operators due to its "excellent...
Frasers Property Singapore will open its latest project, luxury residential development Rivière, for preview on May 25. The development, which features 455 units spread across two 36-storey towers, will be located by the Singapore River and is expected to be completed by 2023. The 99-year leasehold property offers one to four-bedroom apartments ranging from 560 square feet to 2,002 sq ft. Pricing...