The Urban Redevelopment Authority (URA) has awarded the tender for the industrial site at Ubi Road 1 to developer Oxley Rising. The company submitted the highest bid of S$158.1 million for the site. The plot has a site area of more than 34,000 square metres and a maximum gross plot ratio of 2.5. The tender for the industrial site was launched on June 15 and closed on August 11. The land parcel was...
General
Sales of new private homes defied expectations to bounce back strongly last month, as buyers snapped up 1,544 units ahead of the Chinese Hungry Ghost Festival which started last Tuesday. Data from the Urban Redevelopment Authority showed last month's sales were 82.3 per cent higher than June's 847 units. This also lifted the total number of private residential units sold in the first seven months of this...
National Development Minister Mah Bow Tan has assured Singaporeans the Housing and Development Board (HDB) will continue to monitor the resale flat market closely. This is to see if additional measures are needed to maintain a healthy and stable property market. In a written reply to questions in Parliament Monday, Mr Mah stressed that HDB flats are intended for long-term owner occupation. He noted that...
Real estate agencies will be required to appoint a key executive officer (KEO) who will be responsible for the proper administration and overall management of the business and supervision of all their estate agents. The requirement is spelled out in the Estate Agents Bill which was introduced for a first reading in Parliament on Monday. The proposed Bill seeks to establish the Council for Estate Agencies...
Sales of private homes defied expectations to bounce back strongly in July. According to latest data by the Urban Redevelopment Authority, 1,544 private homes were sold last month. That's 82.3 per cent higher than the 847 units sold in the previous month. Some analysts say this is due to the rush before the Hungry Ghost festival and the launch of popular projects. Analysts had expected between 900 and...
Healthcare trust Parkway Life Reit (P-Life Reit) said it has entered into two agreements for credit facilities of up to S$207 million. It has secured a four-year committed term loan facility for S$103.5 million and another five-year committed term loan facility for the same amount. The firm intends to use the funds to refinance an existing S$207 million facility which will fall due in the second half of...
More than 95 per cent of owners of flats at the Pinnacle@Duxton have taken possession of their property. This was revealed on Sunday at the Tanjong Pagar constituency's National Day Celebrations Dinner by the Chairman of the event, Ho Nai Chuen. Mr Ho said that of these, about 70 to 80 per cent of the owners have moved in. He noted that the public housing project was recently named the best tall...
Savvy property investors have been rushing to get a unit at The Regency at Tiong Bahru after the condominium received its temporary occupation permit (TOP) in April, pushing the price to a new high of $1,493 psf. The fully sold 158-unit freehold development, which is UOL Group’s third project in the Tiong Bahru area, was officially launched in 2006 at an average price of more than $800 psf. Demand for...
Pru Asset launches China equity fund, says property sector there not a bubble Some market experts expect equity funds targeting China to enjoy yearly double-digit returns for the next five years. Four China-focused equity funds in Singapore recorded returns of up to 7 per cent in the three months to mid-August. And Prudential Asset Management is hoping to get in on the act with a new China equity fund...
Location: Pasir Ris Grove (District 18) Tenure: 99 years leasehold Year of Completion: 2013 Site Area: approx 328,110 sqft Total Units: 642 Unit Types: 1 bedroom ~ 495 & 657 sqft 2 bedroom ~ 743 & 936 sqft 2 + study ~ 872 to 1,066 sqft 3 bedroom ~ 1,087 to 1,259 sqft 3 + study ~ 1,184 to 1,464 sqft 4 bedroom ~ 1,453 to 1,658 sqft Penthouses ~ 2,497 sqft Facilities: Geometric Garden, Swimming...