General

A 999-year leasehold corner shophouse in Serangoon Gardens is up for sale with an indicative guide price of S$25 million. The two-storey non-conservation shophouse, located at 56 Serangoon Garden Way, occupies a land area of 2,122 square feet and total built up area of 3,482 square feet. According to marketing agent JLL, which is currently inviting offers through an expression of interest (EOI) exercise,...

Caps on car parking spaces at new private developments will be introduced next year, under new parking standards announced by the Land Transport Authority (LTA) on Friday (Nov 9). LTA also announced that five areas will be gazetted for development as car-lite precincts. These are Marina South, Kampong Bugis, Woodlands North, Bayshore and Jurong Lake District. The new Range-based Parking Provision...

Colliers International’s data shows average CBD premium and Grade A rental value rose 4.3 per cent to S$9.20 per square foot per month in the third quarter of 2018 over the previous quarter. The rental figure for Q3 2018 reflects an increase of 12.1 per cent from Q4 last year. The property consulting group is forecasting a full-year rise of 14 per cent – the first double-digit annual growth since 2011...

Your new life begins at Parc Esta, at the doorstep of Eunos MRT station, a pivotal position amidst the emerging Regional Centre in the East. With nine 18-storey towers of one to five-bedroom homes, Parc Esta rises majestically above the streetscape on a nearly 3.5-hectare estate. Discover premium residences with refined touches, sumptuous realms with exciting facilities in a more than 200-metre-long garden...

Resale prices of Housing Board (HDB) flats dipped 0.2 per cent in October from September, according to flash estimates released by real estate portal SRX Property on Thursday. October's prices were down 14.3 per cent from its peak in April 2013, and also marked a 2.1 per cent decrease from the same month last year. Three-room flats and five-room units saw a price increase of 0.8 per cent and 1.5 per...

City Developments Limited (CDL) said on Thursday (Nov 8) that its net profit rose 10.4 per cent in the third quarter and projected confidence in the market going forward, even as it cautioned against macroeconomic uncertainties and persistent headwinds for the Singapore residential property market. Net profit for the three months ended September rose to S$161.8 million from S$146.6 million in the same...

Merchants Building at 76 South Bridge Road, has been put up for collective sale by tender with a reserve price of S$23.5 million. The seven-storey freehold commercial building has a land area of 104.5 square metres. Under the Urban Redevelopment Authority's Master Plan 2014, it is zoned “commercial” with a gross plot ratio of 4.2. The property is located on an envelope control site, within the...

Sakae Holdings executive chairman and founder Douglas Foo is understood to be selling a bungalow in Cassia Drive in District 11 for nearly S$16.13 million. The price works out to S$1,542 per square foot based on the freehold land area of 10,458 sq ft. Located in the Raffles Park Good Class Bungalow (GCB) Area, the two-storey property is on a squarish plot. Mr Foo has been in the news recently...

Homebuyers' affinity for shoebox units and slightly larger offerings below 800 sq ft has been creeping up, according to an OrangeTee & Tie study on new sales and resales of small apartments between 2008 and 2018. The study centred on units below 500 sq ft or roughly the size of a one-bedder or shoebox unit, and those slightly larger, between 500 and 800 sq ft or roughly the size of a...

Buyers snapped up a good number of the units released for three private residential developments - Arena Residences, Belgravia Green and Whistler Grand - over the weekend. City Developments Limited (CDL) yesterday sold about 160 units out of 240 units released for the Whistler Grand condominium as at 5pm. Some 91 per cent of the buyers are Singaporeans, with foreigners and Singapore permanent...