General

Fewer new flats will be launched next year, with 15,000 homes expected to be on offer – down from 15,800 this year, according to the Housing and Development Board (HDB). "In the last two years, the first-timer application rates for three-room and larger BTO (Build-to-Order) flats in all estates have remained stable at about two times," HDB said in a press release on Friday (Dec 7). Most...

The Government today announced the first half 2019 (1H2019) Government Land Sales (GLS) Programme, which comprises five Confirmed List sites and nine Reserve List sites. These sites can yield about 6,475 private residential units, 86,000 sqm gross floor area (GFA) of commercial space and 1,115 hotel rooms (see Appendices 1 & 2). The five Confirmed List sites are private residential sites which can...

THE next big disruptor in hospitality, according to Ian Schrager, is co-living spaces. "Communal living is blurring the distinction between residential and hotels," the hotelier and Studio 54 co-founder argued during Bloomberg's Year Ahead: Luxury conference in Manhattan last week . The mastermind behind the Public Hotel urged audiences to look at millennial buying statistics as evidence of this...

Edmund Tie & Company (ET&Co), as the sole marketing agent, is pleased to offer a prime ground floor strata commercial space at Coronation Shopping Plaza located at Bukit Timah Road for sale by tender. The prized commercial property enjoys excellent visibility at street level and high footfall of crowd from the surrounding affluent residential estates and prestigious schools. Tan Kah Kee and Botanic...

A prime commercial development site in Queenstown which once housed the iconic Queenstown Cinema at 250 Commonwealth Avenue was launched for sale by tender on Monday. The vacant plot has a land area of 3,001.2 square metres (32,305 square feet) and a 99-year lease commencing from Jan 1, 1975. It is located at the corner of Commonwealth Avenue and Margaret Drive, about 300 metres from Queenstown MRT...

Bugis' rejuvenation will deepen with two rare residential Government Land Sales (GLS) sites there launched for sale on Friday, and analysts believe the area's potential will draw keen developer interest. The location of these two plots within the Central Area also makes them unencumbered from the recently revised development control guidelines, which pare down the maximum number of units allowable for...

The manager of SPH Reit says it is hard to find good assets both locally and overseas, evidenced by the limited number of transactions completed in the market this year. Leong Horn Kee, chairman of the Reit manager, was asked by shareholders at the Reit's annual general meeting why it had only purchased a small strip mall like The Rail Mall this year, and whether it plans to ramp up its acquisitions...

Urban Redevelopment Authority (URA) released on Friday two residential sites and two other plots for mixed residential and commercial use which can yield a combined 1,915 private homes. The 99-year leasehold sites come under the government land sales (GLS) programme for the second half of 2018. They are all subject to the recently revised development control guidelines on maximum allowable dwelling...

Keppel Reit is selling a 20 per cent stake in Ocean Financial Centre to Allianz Real Estate for S$537.3 million, but will retain a majority 79.9-per cent interest in the property, its manager Keppel Reit Management said on Friday. This is the German insurer’s property investment arm’s first core office investment in Singapore. Independent valuer Cushman and Wakefield VHS had valued the property...

Singapore's real estate investment market has been ranked second in the Asia Pacific region in a real estate forecast jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC). This is due to a large number of major office deals in the last 12 months, with domestic investors being the biggest buyers, ULI and PwC said in a joint statement on Wednesday. The forecast report...