General

Two conservation shophouses in Tras Street (at Tanjong Pagar area) have been put up for sale by the same owner in an expression of interest exercise, according to an announcement from the marketing agent JLL on Wednesday. The three-storey leasehold commercial properties, which are not adjacent, have a guide price of S$22.6 million, or about S$2,800 per square feet based on gross floor area. The...

THE times they are a changin' - even for high-end home buyers. And luxe developer SC Global is rolling with it. The Simon Cheong vehicle, known for building "Mansions in the Sky" at The Marq, is now going small with its new collection, aptly named Petit Collectibles. The approximately 55-unit Petit Jervois in River Valley, the first project under this new brand, will be mostly one and two-bedders...

Roxy-Pacific Holdings said on Wednesday that it has been granted an order for sale from the High Court for its announced acquisition of freehold residential property in District 10 known as Wilshire. The firm partnered Tong Eng Group's managing director Teo Tong Lim to acquire the residential site at Farrer Road for S$98.8 million, it announced in January. The 39,130 sq ft site was collectively sold...

The Woodleigh Residences is a brand new ground-breaking project at the upcoming Bidadari Estate. Located along Bidadari Park Drive and Upper Serangoon Road, this mixed development holds approximately 680 potential apartments with choice of 2, 3 and 4 bedroom units. Integrated with The Woodleigh Mall, which boasts approximately 28,000sqm of retail, dining and lifestyle services, enjoy convenience to...

Asian property developers are delving deeper into green loans, as shown by a recent deal tied to a premium office tower in a Singapore park. Singapore-based Frasers Property raised a S$1.2 billion green loan, the first of its kind by a South-east Asian borrower under principles set by Asia Pacific Loan Market Association (APLMA) in March that aim to standardise disclosure. The facility refinances...

JTC Corp has launched a tender for an industrial land parcel in Tuas South Link 3, the third of six sites to be put up for sale from the confirmed list for the second half of 2018. The 5,953.3 square metre (64,081 square feet) Plot 27, which is bracketed by Tuas South avenues 7 and 16, comes with a lease tenure of 20 years and is being offered under the industrial government land sales scheme. The...

Buy the businesses that hold the real-estate assets rather than the ones that sell them. That's the message from a growing number of analysts in Singapore who say real estate investment trusts (Reits) are a better bet than developers in light of the island's recent cooling measures. For much of 2017 and the first half of this year, Singapore developer stocks had a great run. Rising home prices and...

A childcare centre, nursing home and dialysis centre, as well as an urban farm will be built on the site of the former Henderson Secondary School, the Singapore Land Authority (SLA) said on Tuesday (Sep 25). In its news release, SLA said that housing three facilities on a single site will cater to the needs of the community living in the area. The planned nursing home and dialysis centre are also...

While the Malaysian government is not against foreigners owning property in the country, it will not allow townships and residential projects to be developed exclusively for them, Finance Minister Lim Guan Eng said on Monday (Sept 24). He said no country would accept developments that did not benefit its own people. "Foreigners buying property is not a problem. We welcome that because they are...

Bordering leafy Hyde Park, Mayfair is an upscale district of elegant Georgian townhouses. It is an affluent area in the West End of London. The Mayfair architecture is an understated expression of timeless beauty. This concept has been specially brought to Singapore, known as the Mayfair Gardens. Mayfair Gardens seeks the perfect balance between the old and the new. The exquisite flavour of Mayfair London...