Two trends are reshaping Singapore’s housing landscape. Today, almost 1 in 6 Singapore resident is 65 or older. That’s 548,000 senior citizens. By 2030, every 1 in 4 residents will be 65 and above – residents who might want to unlock the value of their homes for retirement income or downgrade to a smaller house after their children have moved out. Rising singlehood is the second...
Cooling measures or not, the Marina View white site made available for application under the Government Land Sales (GLS) reserve list will be keenly deliberated on by developers, thanks to its central location and its potential to yield several hundred hotel rooms amid the easing supply of future hotel rooms. The site could fetch top bids of between S$1,380 and S$1,650 per square foot per plot ratio...
Singapore has nudged out Hong Kong to top a luxury real-estate ranking despite a slew of cooling measures to tame its property market. Luxury home prices in Singapore rose 13 per cent in the quarter ended Sept 30 from a year earlier, according to Knight Frank's Prime Global Cities Index. Gains were driven in part by the limited availability of high-end properties. Hong Kong fell to 14th place with...
New home sales platform Showsuite has successfully launched Singapore's first fully digitalised sales booking platform, which could save as many as hundreds of thousands of sheets of paper for developers and property agents for a single project. The digital platform allows developers' agents to transact on their iPads "anytime and anywhere", said Karamjit Singh, chief executive of the proptech startup...
Singapore’s latest mall library will open in VivoCity on 12 January 2019, promising book lovers here a new exciting venue with the latest features and services. The public library will offer conducive reading spaces for patrons of all ages set against a splendid view of Sentosa. To fit its location and help patrons locate it easily, the library will be named library@harbourfront. The library, which...
The iconic step-terraced Golden Mile Complex building could be spared from the wrecking ball - even if it finds an en bloc buyer at its reserve price of S$800 million. An outline application has been submitted to retain the existing 16-storey building and add a new block next to the building, subject to authorities' approval, marketing agent Edmund Tie & Company (ET&Co) revealed in its tender...
The iconic Golden Mile Complex is deemed to have heritage value and authorities are in the process of exploring options to facilitate conservation, said the Urban Redevelopment Authority (URA) on Wednesday (Oct 31). This comes even as the development tries to find a buyer, with the collective sale tender launched on Wednesday at a reserve price of S$800 million. The building may not be demolished,...
Co-working giant WeWork has announced the official launch of three new offices in Suntec City Tower 5, City House and 8 Cross Street in Singapore, bringing its footprint here to over nine locations with 4,000 members. This comes amid the US company's aggressive expansion in South-east Asia. New locations are slated to open in Bangkok, Ho Chi Minh City, Jakarta, Kuala Lumpur and Manila by the end of the...
PropertyGuru Group, which operates real estate portals and apps in Southeast Asia, said on Wednesday (Oct 31) it has secured a S$200 million investment from private equity firm KKR & Co as it seeks to grow its services. Singapore-based PropertyGuru will use the funds to take full ownership of Vietnamese property portal Batdongsan.com.vn, in which it already owns a stake, to expand in its fifth...
The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) released two residential sites and one White site for sale today under the 2nd half 2018 Government Land Sales (GLS) Programme. The URA site at Kampong Java Road and the HDB Executive Condominium site at Tampines Avenue 10 are launched for sale under the Confirmed List while the URA White site at Marina View is available...
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