Demand for new private homes in Singapore continued to increase in February, after rising sharply in January. The Urban Redevelopment Authority said excluding executive condominiums, 2,413 new private homes were sold in February, up by about 29 per cent from the previous month. In January, 1,872 new units changed hands, almost three times more than December's sales. For February, the best selling...
Marina Bay / CBD
Three new tenants are taking up space at the Tower 3 of Marina Bay Financial Centre (MBFC). According to a news release, the three are mining group Rio Tinto, Fitness First and The Regus Group. They will collectively occupy a total of 75,000 square feet of the 46-storey tower. Mining giant Rio Tinto will occupy one-and-a-half floors totalling 46,000 square feet when it moves its Singapore staff to MBFC...
While the pace of transactions in the traditional prime districts of 9, 10 and 11 has slowed following the property cooling measures introduced by the government on Dec 8, that in the CBD area remains lively, especially for new apartment towers completed in 2011 such as One Shenton and The Clift. “It is quite interesting to see that the property prices in the CBD area are still holding up, at above...
The Urban Redevelopment Authority (URA) has released the detailed sales conditions for a White site at Marina View / Union Street today. The subject land parcel is made available for application under the Reserve List of the second half 2011 Government Land Sales Programme. Developers interested in purchasing the site can now apply to URA for it to be put up for tender. With direct frontage to the planned...
The upcoming Marina Bay Financial Centre (MBFC) Tower 3 has been 60 per cent leased with talks ongoing that could see the rest of the space taken before next year's opening. The confirmed tenants of MBFC's Tower 3 are DBS Group Holdings, McGraw-Hill, and law firms Ashurst, Clifford Chance and WongPartnership. Raffles Quay Asset Management, which manages and markets the property, has a few prospective...
There’s been a return of interest in the landmark condominium The Sail at Marina Bay in the past month, with three transactions from Aug 5 to 12. According to property agents, The Sail is seeing renewed interest from foreign high-net-worth individuals. A one-bedroom unit on the 56th floor of the 63-storey Tower 2 changed hands recently for $2.1 million, or $3,048 psf. This is the seventh transaction at...
She chose to live in the heart of Raffles Place to be near her workplace but Ms Mia Watanabe did not bargain for the pounding of nearby construction that came with her rented three-bedroom apartment at The Sail at Marina Bay. The expatriate lawyer moved in last December with her husband and says the construction noise from surrounding sites begins at about 9am daily. Now on maternity leave, Ms Watanabe...
Overseas Union Enterprise (OUE) has secured over 77 per cent of the building's office net lettable area for OUE Bayfront. The group has also refurbished the former Change Alley Aerial Plaza Tower and Change Alley Link Bridge, renaming them OUE Tower and OUE Link respectively. Net lettable area have been fully taken up. In a press release yesterday, OUE unveiled new tenants at OUE Bayfront include...
The Central Business District (CBD) here is the most expensive place in South-east Asia to park a car, according to a report which looks at parking rates in global commercial areas. It costs a driver an average daily rate of US$24.59 (S$30.40) to park his car in Singapore's CBD - more than 20 times what his counterpart in Jakarta has to pay. Parking in the Indonesian capital's CBD costs an average of 92...
Standing at 43 storeys, the 312-unit The Clift residential tower stands out on the corner of McCallum Street and Telok Ayer Street. It is taller than every other building in its immediate neighbourhood, which comprises mainly conservation shophouses and older office buildings. Developed by property giant, Far East Organization (FEO), the project was completed in 1Q2011. The ground floor shop units have...