Pity the residents at Shanghai One near River Valley Road. While they have long basked in the morning sun, those living on the lower floors are likely to have much less sunlight once a new seven-storey building is built just in front of their windows. However, their quandary pales in comparison to that of residents around the corner at Mill Point, where a new building more than a dozen storeys high blocks...
General
Glenville, a 32-unit apartment block in Serangoon, has been sold to Urban Lofts for S$39.51 million in a collective sale. Marketing agent Jones Lang LaSalle said the price works out to be about S$740 per square foot per plot ratio including a Development Charge of S$5.3 million, if payable. Each of the apartment owners stand to receive gross sale proceeds ranging from S$1.179 to S$1.273 million. The...
The Shanghai government has issued new rules to limit home buyers to one new apartment and will impose revised land appreciation tax as part of an effort to rein in property speculation, local media reported on Friday. Every family in Shanghai will be permitted to buy only one more home, regardless of whether it is a second-hand unit or newly built apartment, according to the new regulations. Shanghai...
Singapore Custom's former headquarters at Custom House has been marked as a historic site by the National Heritage Board (NHB). The 57-year-old building along Maxwell Road is the 88th historic site in Singapore marked by NHB. The Custom House building was the Customs headquarters for almost 60 years from 1932 to 1989. The Singapore Customs is now located at Revenue House. Source : Channel NewsAsia –...
London properties are increasingly attracting interest from Singaporeans. And one key reason is the prospects of good capital appreciation. The lower British pound and good returns are two main reasons Singapore investors are drawn to London properties. Glentree Estates Agents managing director Trevor Abrahmsohn said: "I think it's an absolutely perfect opportunity because prices are probably 10 per...
The Urban Redevelopment Authority (URA) has received nine bids at the close of a tender on Thursday for a residential site at Petir Road. The highest bid of about S$177.4 million came from Wincheer Investment. This was followed by Sim Lian Land and Kwan Hwee Investment, which both submitted a bid of around S$173.8 million. The lowest bid came from Teambuild Land at S$103 million. Real Estate...
Banking tycoon Wee Cho Yaw has joined a group of Hong Kong investors to acquire a former landmark property in the heart of Beverly Hills for US$148.3 million ($194.2 million). Joint Treasure International, a Hong Kong-based private equity firm, has bought the eight-acre property next to the Beverly Hilton in California at a private bank auction. Media reports said the 9900 Wilshire Boulevard site,...
Central China Real Estate, part-owned by Singapore's CapitaLand, plans to sell bonds denominated in US dollars to fund property projects, according to a statement issued to the Hong Kong Stock Exchange yesterday. Deutsche Bank AG, Nomura Holdings Inc and ING Groep NV will manage the sale and help arrange meetings with investors starting this week, according to the statement. Central China Real Estate...
Developer MCC Land is launching its first residential project, The Canopy Executive Condominium, at Yishun from October 9 to 13. The 99-year leasehold 406-unit project will offer a full range of condominium facilities. Sizes for the Executive Condominium range from about 872 square feet to 1,410 square feet for two to four bedrooms. The project will also have 22 penthouses sized between 2,088 and 2,239...
A residential site at Pasir Ris Drive 3 and 4 for condominium housing has been awarded to joint bidders FCL Topaz and FE Lakeside. This was announced by the Housing Development Board, in a release of its final tender results. The joint bid by the two companies is the highest out of four bids - at S$151.4 million. That translates to about S$335 per square foot per plot ratio. Observers believe units in...