General

A new park will be developed to form a “green lung” in the upcoming Bidadari estate, the Housing and Development Board (HDB) announced on Sunday (May 5). The 10-hectare Bidadari Park will feature a lake, a heritage walk, experiential trails and a play area for children. In designing the park, the team drew inspiration from the fictional Hundred Acre Wood in the Winnie-the-Pooh children’s...

More than 20 households who live in five-room and larger flats sold the tail end of their unit's lease back to the Housing and Development Board (HDB) in the first quarter of this year under the Lease Buyback Scheme (LBS), said the Housing and Development Board (HDB). In response to queries from CNA, the board said it received more than 200 LBS applications from owners of these bigger flats between Jan...

Freehold luxury condominium Amber Park sold 115 units at an average S$2,425 per sq ft (psf) during its launch weekend, just a week after its preview. Some 150 units were launched over the weekend, out of the development's 592 units, said City Developments Limited (CDL) and its sister company Hong Realty on Sunday. "We are very encouraged by the strong take-up at Amber Park's first weekend launch. As...

ARA US Hospitality Trust launched an initial public offering in Singapore on Thursday to raise about US$451 million, for what would be the first new mainboard listing on the local bourse this year. The trust, which owns a portfolio of 38 US hotels, has set an offer price of 88 cents apiece, according to the float prospectus. It has secured commitments for US$116.5 million worth of the shares on offer...

City Developments Limited (CDL) and its joint venture partner, Hong Realty (Private) Limited, will launch freehold 592-unit condominium Amber Park in the East Coast area on May 4. Early-bird prices start from S$1.088 million for a one-bedroom plus study apartment and S$1.608 million for a two-bedroom plus study, to S$3.438 million for a four-bedroom and S$4.98 million for a five-bedroom premium, CDL...

K Hotel in Geylang has been launched for sale at an asking price of S$25 million, exclusive marketing agent JLL announced on Thursday. Located in the city fringe, the freehold site occupies a land area of 3,725 square feet, and an estimated gross floor area (GFA) of 12,238 sg ft, equivalent to a gross plot ratio of about 3.29. The eight-storey hotel offers 56 double rooms of 12 square metres each....

A number of shop owners at Queensway Shopping Centre have banded together to resist the proposed collective sale of the 45-year-old development, even as residents at the adjacent housing apartment Queensway Tower seem geared up for a sale. This is the first time the mixed development site - which sits on a land area of about 100,000 sq ft - is being put up for sale, said Ms Suzie Mok, senior director of...

Singaporeans' deep-seated desire for home ownership has seen them snap up the biggest share of residential properties versus foreigners in a decade. About 79 per cent of private apartments went to Singaporeans in the first quarter of this year, the most since the first three months of 2009, according to property consultants OrangeTee & Tie. The homes were not cheap - the proportion of local purchases...

Property developer Oxley Holdings announced on Tuesday morning that it has signed a deal to sell Chevron House for up to S$1.025 billion, just 16 months after acquiring the prime office building in Raffles Place for S$660 million in December 2017. Oxley said that on April 29, it entered into a sale and purchase agreement with Golden Compass (BVI) for the latter to buy the entire interest in its wholly...

JTC has put up for tender a 0.83 hectare site in Gul Circle (Plot E), its fourth of five confirmed list sites for the first half of the 2019 Industrial Government Land Sales Programme. The site has a lease period of 20 years, with a maximum gross plot ratio of 1.4 and a maximum building height of 24 metres above mean sea level, the government agency said on Tuesday. It is also zoned for Business-2...