General

Real estate agency OrangeTee & Tie has partnered Germany-headquartered startup Helpling to allow its agents to access home services through the firm's Agent App. Property agents will be able to book the services of professional housekeepers listed on the Helpling platform, making it even more convenient to get their properties cleaned before presenting them to potential homebuyers or tenants. They can...

Mandarin Gardens has failed in its en bloc attempt, about a month after raising its asking price to a record S$2.9 billion. The leasehold condominium managed to gather around 68 per cent of signatures as of Mar 24 when its collective sales agreement expired - about 12 per cent shy of the 80 per cent mandate required to launch a tender. In a message to owners on Sunday (Mar 24), the site's...

Singapore's largest condominium Treasure at Tampines sold 272 units at an average S$1,280 per sq ft, after the project launched over the weekend.The close to 650,000 sq ft development, situated on the former Tampines Court site, has 2,203 units in all. Developer Sim Lian released 490 units for sale. Sim Lian's spokesperson said on Sunday: "We are heartened by sales to date for Treasure at Tampines,...

Sabana Reit's divestment of a Tuas industrial building is off for now after the purchaser did not obtain approvals from JTC. The buyer Kim Soon Lee (Lim) Heavy Transport is not prepared to further extend the long-stop date, the Reit said in a Singapore Exchange filing on Saturday. In September 2018, Sabana had proposed to sell the building at 1 Tuas Avenue 4 for S$11.18 million in cash, 52 per cent...

Allgreen Properties and Kerry Properties tie-up that clinched the 99-year leasehold white site next to Pasir Ris MRT station is planning to develop about 480 apartments above three levels of retail space. Its winning bid of nearly S$700 million works out to S$684.48 per square foot per plot ratio (psf ppr), based on a total gross floor area of 1.02 million sq ft. The commercial and residential...

ERA Realty Network has announced a S$1 million startup grant to help offset joining fees for new real estate salespersons joining the industry. With the grant, new agents joining ERA pay a sum of S$100 for administrative and materials fees, instead of the usual amount of S$1,127. This covers the joining fees of S$563.50 per agent - comprising admin fee (S$53.50), registration fee (S$230), compulsory...

Having initially called off the sale of its Mercure and Novotel Hotels on Wednesday, property developer Oxley Holdings announced on Thursday that it has appointed CBRE, Jones Lang LaSalle Property Consultants and JLL Hotels & Hospitality Group as its exclusive agents for the properties. The agents will be tasked with sourcing, marketing, evaluating, negotiating and securing a purchaser for the hotels on...

City Developments Limited (CDL) and its joint venture partners, Hong Leong Holdings Limited and Lea Investments Pte Ltd, started exclusive private previews of Boulevard 88 which are by appointments only. The ultra-high-end Boulevard 88 is the only brand new freehold residential development along Orchard Boulevard in prime district 10. Directly accessible through Orchard Boulevard and Cuscaden...

Eighteen medical suites in SBF Center in the central business district are up for sale or lease, sole marketing agent Knight Frank said on Wednesday. The units range from 678 sq ft to 2,842 sq ft. They are among the 48 medical suites, spread over the third to fifth floors, within the 33-storey mixed development. Knight Frank said the medical suites are well-located to serve a population of about 450,000...

Starhill Global Reit (SGREIT) secured greater visibility over the long-term outlook for two Kuala Lumpur malls after inking fresh master tenancy agreements for the Malaysian properties. In a Singapore Exchange filing on Monday night, the Reit's manager said that it had entered into new conditional agreements for the Starhill Gallery and Lot 10 malls in Bukit Bintang with the current master tenant,...