A 15-unit apartment development at Margate Road in Katong is making a second en-bloc sale attempt. About 70 per cent of owners of Margate Point have agreed to lower the reserve price to S$36.5 million from S$38 million, said marketing agent JLL on Wednesday. Margate Point is located off Meyer Road and Mountbatten Road, and has a land area of about 12,800 square feet. It is zoned residential with an...
Older Housing and Development Board (HDB) flats depreciate at a much slower rate compared to private residential properties, a study showed. The study, done by the National University of Singapore (NUS), found that while the public housing units and the private non-landed units declined in value at the same rate for the first 10 years, there was significant difference in the rate at which their prices...
Rents for condominiums and private apartments rose 1.9 per cent month on month in January, with HDB rents also stronger, edging up 0.3 per cent, according to flash figures from real estate portal SRX Property on Wednesday. SRX also revised its flash estimate of a 0.2 per cent fall in rents in December to a 0.2 per cent rise. According to its estimates, January's rise in non-landed private...
Tightening vacancies have driven up Singapore prime office rents in 2018. This saw average CBD (central business district) Grade A office rent rising by 2.4 per cent to S$9.43 per square foot per month (psf pm) from Q3 to Q4 2018, bringing the full year rental growth to 14.9 per cent, Colliers International's data showed. This is the fastest annual growth since 2010, where rents rebounded by 22 per cent...
A freehold four-storey commercial building near Jalan Besar MRT is being put up for sale in an expression of interest exercise, exclusive marketing agent JLL said on Tuesday. The exercise closes at 3pm on March 20, 2019. The property, 7 Hindoo Road, has a 15-metre wide frontage, a land area of 3,519 square feet and a gross floor area (GFA) of about 13,970 sq ft. The guide price is S$25 million or...
From about the middle of this year, homebuyers in a hurry will be able to apply for a flat online all year round and make a booking by the next working day. These are flats that have not been picked up after the biannual Re-offer of Balance Flats (ROF) exercises, which typically take place in February and August. Announcing this in a blog post on Thursday (Feb 7), National Development Minister...
More HDB flats changed hands in January compared to December - a change in direction for the first time since last July's cooling measures. In all, 1,560 HDB resale flats were sold last month, 8.8 per cent more than in December, according to flash estimates from real estate portal SRX on Thursday. It was also 43 per cent more than the 1,091 units sold in January 2018. Resale prices compared to...
Private home prices in Singapore eased by 0.1 per cent in the fourth quarter of last year, after inching up 0.5 per cent the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. This marked a 7.9 per cent increase in the private property price index for the whole of 2018, as compared to the 1.1 per cent increase in 2017. The Q4 statistics released were in...
Rents of office space in the central region of Singapore rose by 0.5 per cent in the fourth quarter of 2018 over the previous three months - a slower pace of gain compared with the 2.5 per cent rise in the third quarter, figures from the Urban Redevelopment Authority (URA) showed on Friday. For the whole of 2018, the rental index rose 7.4 per cent, compared with the increase of 0.4 per cent in...
Rents for retail space in the central region of Singapore rose by 1.2 per cent in the fourth quarter of 2018 over the previous three months - contrasting with the drop of 1.2 per cent in the third quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. For the whole of 2018, retail rents weakened by 1.0 per cent, after sliding 4.7 per cent in 2017. URA's price index...
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