The Pinnacle@Duxton was among four Singapore projects that won top awards at the World Architecture Festival in Barcelona. The HDB's 50-storey residential project at Tanjong Pagar was named the World's Best Housing Development, said a press release from the Urban Redevelopment Authority (URA). This is the second big global award for the project this year. In June, it was named the 'Best Tall Building' by...
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Keppel Land is acquiring an additional 11.85 per cent stake in Ocean Properties for S$107.1 million, through its wholly-owned subsidiary Straits Property Investments. This will increase Keppel Land's current stake in Ocean Properties to 87.51 per cent. Straits Property acquired the additional stake from HSBC, an existing shareholder of Ocean Properties. Ocean Properties is a Singaporean property...
Hong Leong Group have sold freehold Prime Centre on Middle Road for $103 million or $1,415 per square foot based on existing net lettable area of about 72,800 sq ft. Buyer ERC Holdings group, a private commercial school operator is said to be planning to renovate the property for use as an educational hub and hotel. DTZ brokered the sale of Prime Centre through a private treaty deal. Market watchers say...
CapitaMalls Asia (CMA) said it has entered into an agreement to obtain a two-third stake in a S$747.2 million property project in Shanghai. It said the shopping mall and office project in the Luwan district is expected to be completed by 2015. CMA said the shopping mall would be well-positioned to serve affluent residents as well as working professionals in the area. It added the proposed investment was...
Flats offered in HDB's latest Build-To-Order (BTO) project in Sengkang turned out to be very popular. At the close of applications on Monday, Anchorvale Horizon, which is bounded by Sengkang East Way and Anchorvale Road, was 6.3 times oversubscribed. 5,474 applications were received for the 745 units on offer. The most popular are the five-room units. 1,785 applications were received for the 148 5-room...
Parkway Life Real Estate Investment Trust (PLife REIT) posted a 28.3 per cent rise in its Q3 gross revenue on-year, to S$21.2 million. It said its higher revenue was mainly due to additional revenue contribution amounting to S$1.8 million from its Japanese properties. The properties were acquired in the fourth quarter of 2009. PLife REIT also reported its Q3 net property income rose 26.5 per cent...
Flats being offered in HDB's latest Build-To-Order (BTO) project in Sengkang are turning out to be very popular. So far, the 745 units offered at the development called Anchorvale Horizon are seven times subscribed. Some 5,270 applications have been received so far. The most popular are the five-room units. So far, some 1,720 applications have been received for the 148 units offered. In contrast, the...
The Government of Singapore Investment Corp (GIC) and a Canadian pension fund could reportedly make a bid for Bluewater, a British mall. The Sunday Telegraph reported that GIC, the Canada Pension Plan Investment Board and the property arm of Ontario Municipal Employees Retirement System were all expected to table a bid within the next two weeks. The stake is estimated to be worth 120 million pounds, the...
Prices of units at The Interlace hit an all time high of $1,323 psf in October, with apartments released in the first two phases almost sold out. So far, more than 90% of the 590 units released have been sold. In the first phase, 360 units were put up for sale in September last year, and in the second phase, 230 units were released in April this year. In the first phase, prices ranged from $850 to $1,150...
Small-sized studio apartments although squeeze for some, have been achieving record prices, even in less glitzy areas outside the city centre. So-called shoebox apartments which are less than 500 sq ft in size, first made their presence felt around 2006 in mainly prime districts. An example is Robertson Edge off Mohamed Sultan Road. The trend has since spread to regions outside the central area. In...