People's Mansion at Lorong 31 Geylang has been sold en bloc to Tomlinson Investment for S$42.68 million. That translates to about S$421 per square foot per plot ratio. Urban Front Real Estate closed the tender for the site on July 2 after receiving three bids and one expression of interest. The next highest bid was S$42.1 million. The collective sale is subject to approval from the Strata Titles...
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Malaysia's southern economic region Iskandar expects strong investment flow from neighbouring Singapore, despite an expected economic slowdown in the second half of the year. In an interview with Channel NewsAsia, the CEO of Iskandar Investment, Arlida Ariff, said she hopes to ride on improved bilateral ties to woo Singapore investments. Spanning over 2,200 square kilometres, the Iskandar economic region...
Mainboard-listed healthcare trust Parkway Life REIT (PLife REIT) has acquired five new nursing home properties in Japan for some S$46.8 million. The properties will be bought from Yugen Kaisha, which is a subsidiary of Kenedix, a real estate asset manager in Japan. PLife REIT had previously acquired 15 nursing home properties from Kenedix. It said it is buying the properties because they are...
The HDB Build-to-Order (BTO) project in Punggol, Waterway Terraces, is proving a big draw for home buyers. With hours to go before applications close, some 5,422 home buyers have indicated their interest to own one of the five-room units available. That's close to 18 times the number of such units on offer. Demand was also high for the four-room units. Close to 6,900 applications have been received so...
Members of the public can watch the National Day fireworks from the 50th storey skybridge of the Pinnacle @ Duxton. Registration for the balloting of tickets began Monday. As of Monday afternoon, 237 applications have been registered for the 100 spots available. The skybridge can hold up to 1,000 people. 90 per cent of the allocated spots will be set aside for residents of the Pinnacle. Another...
Sales are still going strong for so-called Mickey Mouse apartments or those that measure 500 square feet or less. According to Credo Real Estate, transactions of Mickey Mouse units made up 9.5 per cent of total transactions in the first half of this year. This is a three percentage point increase from the same period last year. But analysts are divided on whether demand for these units can be...
Mainboard-listed BBR Holdings plans to acquire a plot of freehold land at Simon Lane, near Serangoon Gardens, for S$86 million. BBR said it aims to develop a low-rise condominium project on the over 9,000 square metre site which currently houses Goodrich Park Condominium. Under the URA 2008 Master Plan, the site is zoned for residential development with an allowable height of up to 5 storeys and a Gross...
CITY Developments Ltd (CDL) and UOL Group seem to have struck a chord with home buyers with their latest condo previews. CDL has sold 96 of the 120 units released in the first phase of its 368 Thomson condo, as at 5pm yesterday. The average price is $1,350 per square foot for the 36-storey freehold condo in District 11. The project comprises 157 units. CDL said it is releasing more units progressively to...
Others say excessive liquidity exaggerates prices PROPERTY prices of both private and Housing Board resale flats have, for the first time, surpassed previous peaks to reach new records. Latest official estimates show private home prices rose 5.2 per cent in the second quarter, after a 5.6 per cent jump in the first quarter. That means prices are now 1.5 per cent above the 1996 highs. HDB resale flat...
Four strata titled units in the central business district have been put up for sale. The four units occupy the top floors of GB Building, which is located at 143 Cecil Street. The building comprises a 3-storey podium with a 23-storey office tower and is within two to three minutes' walk from Tanjong Pagar MRT. Sizes of the four units for sale range from 5,210 square feet to 5,500 square feet per floor,...