Frasers Centrepoint Homes is launching its Esparina Residences executive condominium project next Friday. The 99-year leasehold property in Compassvale Bow is a short walk from the Buangkok MRT Station. It consists of 573 units, ranging from 829 sq ft for a two-bedroom unit to 2,583 sq feet for a four-bedroom penthouse. Prices range from $590,000 to $723,000 for a two-bedroom unit; $697,000 to $981,000...
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Yanlord Land Group has acquired a residential development site in Shanghai for about 2.89 billion yuan ($568 million), the Singapore listed developer said yesterday in a filing with the stock exchange. The land, which was acquired in a public auction, is in Tangzhen New District in Shanghai's Pudong and has a total planned gross floor area of about 179,944 sq m, Yanlord said. The winning bid translates to...
The Urban Redevelopment Authority (URA) yesterday announced the sales conditions for an industrial site in Woodlands, the first of four such sites to be released under the Reserve List of the 2nd half 2010 Industrial Government Land Sale Programme. The 60-year leasehold land parcel at Woodlands Avenue 12 has an area of about 2.1 hectares and a maximum gross plot ratio of 2.5. Zoned for Business 1...
Property agents said the sale of private residential homes have dipped between 10 per cent and 20 per cent in September. This comes exactly a month after the government rolled out a slew of new measures to help cool the property sector. Some observers said transaction volumes could trend lower in the coming months, as there could be a lag in the full impact from the new rules. Foreign visitors have been...
The Housing and Development Board (HDB) has closed the tender for a residential site at Pasir Ris Drive 3 and Drive 4 after receiving four bids. The highest bid came from joint bidders FCL Topaz and F.E. Lakeside which bid S$151 million. That translates to about S$335 per square foot per plot ratio. Li Hiaw Ho, executive director of CBRE Research, said the quantum of the bids indicates that the...
Singapore's property investment market surged in the third quarter, rising on the back of a buoyant office sector. Property consultant DTZ said total investment sales in the third quarter totalled S$6.1 billion, up by some 23 per cent from the previous quarter's S$5 billion. A rebounding office sector helped transactions in office properties to cross the S$1 billion mark, a level not breached since the...
Sunway and Hoi Hup Realty sold 90 units at the Vacanza @ East condominium project by end Tuesday. The project was previewed to potential homebuyers who had expressed interest with marketing agents Huttons and DTZ. Buyers were mainly Singaporeans, with two- and three-bedroom units being the most popular, said Wong Sjew Hung, director of Hoi Hup Realty. “The majority of buyers are Singaporeans looking...
A freehold commercial redevelopment site along Changi Road has been put up for sale by tender. Sole marketing agent Knight Frank said the site at 55 Changi Road, which housed the former Singapura Theatre, sits on a land area of 1,811 square metres. It has a potential gross floor area of about 58,490 square feet. Knight Frank said the asking price of S$45 million translates to a land price of S$769 per...
In prime district 9, located along Kim Seng Road, is Lippo Realty’s The Trillium, which has 231 units in three 29-storey towers. The freehold high-end project is located just across the street from Great World City, which is frequented by Indonesians, and is a short drive to the CBD and Orchard Road. As such, the development is popular with Indonesian buyers. During the period of Aug 31 to Sept 7, three...
Mapletree Industrial Trust has planned to raise as much as S$1.2 billion in gross proceeds from a sale of its units. It's launching the initial public offering (IPO) to retail, institutional and cornerstone investors Mapletree Industrial Trust said it was offering 594.9 million units in its IPO. In a prospectus filed with the Monetary Authority of Singapore, the trust said the unit would be priced...