General

Mandarin Gardens, a 99-year leasehold condominium, recently raised its asking price by nearly 12.5 per cent from S$2.479 billion to S$2.788 billion, after it was discovered that the land that the residential development is situated on had been undervalued by over S$300 million. This came after the Collective Sales Committee (CSC) carried out a check of the property's development baseline record. The...

Condominiums and private apartments rentals dropped for a second straight month, slipping 0.7 per cent in October from the previous month, according to SRX on Wednesday. This came after rents dipped 0.5 per cent in September, with the figure revised by SRX from a 0.4 per cent decline. After barely budging in 2018, private market rents are now down 0.1 per cent from a year ago - but are a hefty 20...

Waterloo Apartments has been sold through a collective sale for S$131.1 million to a wholly owned subsidiary of Fragrance Group. It intends to redevelop the 999-year leasehold property, which has a land area of about 14,369 sq ft, into a hotel. The property is at 64 Waterloo Street in the Bras Basah/Bugis area. Outline planning permission (OPP) has been obtained for a change in the property's...

Resale prices of private non-landed homes in Singapore declined for the third straight month in October after the latest round of property cooling measures, flash estimates by real estate portal SRX Property on Tuesday showed. Condominiums and private apartment resale prices weakened by 0.4 per cent last month from September. This follows the 0.5 per cent drop in September, a figure revised up from an...

Private equity-owned Columbia Real Estate is offering three restored adjoining conservation shophouses for sale. The three shophouses are freehold properties located at 8, 10 and 12 Aliwal Street. They have been zoned “commercial” and have been approved for use as a boarding house with a hotel license. The shophouses occupy a prime location in the Kampong Glam precinct and are situated just 350...

The Housing and Development Board (HDB) launched 7,214 flats for sale on Tuesday (Nov 13) under the November 2018 Build-To-Order (BTO) and Sale of Balance Flats exercise. A total of 3,802 BTO flats are being offered in five projects: Four in the non-mature towns of Sembawang, Sengkang, Tengah and Yishun, and a fifth in the mature town of Tampines. Another 3,412 flats have been offered in the Sale of...

The Woodleigh Residences sold 60 per cent of the 50 units released for sale during the soft launch, which prompted joint developers Kajima Development and Singapore Press Holdings to release another 50 units. Units sold over the weekend achieved an average of above S$2,000 per square foot. Located at the junction of Upper Serangoon and Upper Aljunied roads, The Woodleigh Residences is part of a...

The appointed exclusive marketing agent - JLL, is calling offers for the purchase of two prime three-story conservation shophouses in Singapore’s historic Chinatown district. The two shophouses are a freehold and a 99-year leasehold property located respectively at 31 and 76 Pagoda Street. Both properties are zoned "commercial" and have been approved for use as food and beverage outlets. Foreigners...

Despite the cooling en bloc market, owners of Mandarin Gardens condominium have raised their asking price for the 99-year leasehold development in East Coast to S$2.79 billion — up from its original price of S$2.48 billion. This will see it leapfrogging the previous high set by Pandan Valley’s S$2.6 billion asking price. Mr Leonard Jayamohan, the spokesperson for Mandarin Gardens’ Collective...

With all the turmoil of a Trump presidency and Brexit, we wouldn’t be surprised if analysts eventually suggest hiding your money in a sock. In the aftermath of the last crisis years (2009 to 2013), the Singapore property market — particularly its luxury segment — was considered a safe haven investment destination and recorded huge price increases. But will that still be the case today? It...