A balloting exercise will be conducted on Friday to allow applicants of the newly-launched Esparina Residences to book their units. This is because the Sengkang executive condominium (EC) has attracted more than double the number of applications for the units offered. Over 1,150 people applied for the 573-unit executive condominium, which is the first EC to be launched in over five years. Frasers...
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The Singapore Technologies Building in the Tanjong Pagar precinct is up for sale. Property consultancy Jones Lang LaSalle expects proposed bids to reach above S$150 million. These bids will likely come from developers or private buyers. The 13-storey freehold building occupies a site of over 19,400 square feet, on the corner of Cantonment and Lim Teck Kim roads. Jones Lang LaSalle believes the building...
The Singapore Technologies Building in the Central Business District's (CBD) Tanjong Pagar precinct is up for sale. Property consultancy Jones Lang LaSalle expects proposed bids to reach above $150 million which works out to $1500 per square foot on net lettable area. The 13-storey freehold building sits on a 19,402 square feet site. Located on the corner of Cantonment and Lim Teck Kim Roads, it has a...
A HUDC flat at Shunfu Road has been sold for $1.1 million, a record high in Bishan for this phased-out type of HDB project. At least two other similar-sized HUDC flats have sold for slightly higher prices, but they featured condominium-like facilities. The 1,668 sq ft apartment on a high floor of Block 315 sold at $659 psf. It won HDB resale approval last month but was sold in before government cooling...
Location: 38 Trevose Crescent (District 11) -- map Tenure: Freehold Year of Completion: 2015 Site Area: approx 178,995 sqft Total Units: 150 Unit Types: 1+1 ~ 689 to 904 sqft 2 bedroom ~ 1,044 to 1,453 sqft 3 bedroom ~ 1,475 to 1,981 sqft 3+1 ~ 1,744 to 2,077 sqft 4 bedroom ~ 1,959 to 2,508 sqft 4 bedroom penthouse ~ 2,669 to 3,165 sqft 5 bedroom penthouse ~ 3,541 to 3,563 sqft Facilities: Guard House,...
The first executive condominium (EC) development launched in over five years has received strong response in the market. Applications for the Esparina have been oversubscribed by at least two times, according to developer Frasers Centrepoint who is unable to give exact figures. Executive condos are a hybrid of public and private housing. New units have the same restrictions as public housing, but these...
The Housing & Development Board (HDB) said it would release on Wednesday two Executive Condominium (EC) sites for sale under the confirmed list of the second half of 2010 Government Land Sales Programme. Potentially yielding more than 1,000 dwelling units, these two EC sites will offer property buyers more housing choices. The first new EC site is located in Tampines Town near many facilities and...
Singapore is the 15th most expensive office location globally, in terms of occupancy cost, according to property consultant Colliers International. Its Global Office Real Estate Review for the first half of 2010 showed Singapore surged nine spots from six months ago. The report found Grade A Central Business District (CBD) office space here has an occupancy cost of US$58.08 per square foot per year as of...
Office hub Mapletree Business City is cutting carbon emissions and costs to keep up with energy-savvy tenants. Mapletree has installed a cutting edge cooling system, which will save the development millions of dollars in energy costs every year. And it is receiving recognition for doing so. The cooling system is just part of the green infrastructure that cuts energy usage at Mapletree Business City,...
Property consultant DTZ said the average prime rental rates along Orchard Road and Scotts Road remained unchanged in the third quarter. For the third straight quarter, gross rents of prime first-storey space in the Orchard Road and Scotts Road area stayed at S$39.70 per square foot per month. Rents in other city areas fared worse as they continued to decline. Prime first-storey rents in other city areas...