GSM Building at 141 Middle Road has been launched for sale by tender, after the minimum consent level required for the site to be launched for an en bloc sale was achieved, according to marketing agent Mount Everest Properties. The upgrading premium is about S$18.6 million, on top of the asking price in the region of S$98 million, Mount Everest Properties said. The building has a land area of about...
Home furnishing store IKEA announced on Monday (May 11) that it’s opening a new small-store concept – the first of its kind in Southeast Asia – at Jem in 2021. This will make it the third IKEA store in Singapore, with the other two at Tampines and Alexandra. At 6,500 sq m, the new small-store concept will span three floors in the shopping mall. A spokesperson from Landlease, the mall's...
Three shophouses in Bugis and the central business district have been put on the market, sole marketing agent PropNex announced on Wednesday. On 534 North Bridge Road is a corner shophouse with a guide price starting from S$10 million, while the 60 South Bridge Road property's guide price is at least S$7 million. Both have been launched for sale by tender. Meanwhile, the shophouse on 96 Amoy Street...
A new co-working space to help local companies innovate and develop products will be launched in the Jurong Innovation District (JID), announced Senior Minister of State for Trade and Industry Koh Poh Koon on Tuesday (Mar 3). The SIMTech Innovation Factory – an initiative by the Agency for Science, Technology and Research (A*STAR) in partnership with Enterprise Singapore – will be operationally...
A portfolio of three conservation shophouses and a terrace house located within Districts 1 & 2 is now up for sale in the market, at a guide price of about S$38.4 million, Knight Frank Singapore said in a media statement on Monday. The properties can be purchased either individually or as a portfolio. The commercial shophouses are located within District 1 at Ann Siang Road, and District 2 at Keong...
IOB Building, a six-storey office block with two levels of basement car park at 64 Cecil Street, has been put up for sale via tender at an overall guide price of S$217.7 million, said exclusive marketing agent Knight Frank on Monday. The redevelopment property at the junction of Cecil Street and Cross Street in the central business district (CBD) has a tenure of 99 years from May 1983 and a site area of...
A conservation shophouse at 452 Joo Chiat Road is up for sale in the market with an indicative price of S$4.5 million, marketing agent CBRE said on Tuesday. The guide price translates to about S$2,140 per square foot on the existing built-up area of 2,100 square feet (sq ft). The two-storey shophouse sits on a freehold site of about 1,100 sq ft. Located in the Joo Chiat/East Coast enclave, the...
Aberdeen Standard Investments (ASI) has acquired a row of six adjoining shophouses along 48 to 56 Peck Seah Street for $54 million, or about $2,700 psf, in a deal concluded by JLL. This is ASI’s first acquisition in Singapore for its global real estate portfolio. The two-storey shophouses boast a 33m street frontage, and have a gross floor area (GFA) of 19,938 sq ft. They are fully leased to...
Singapore Shopping Centre is back on the collective-sale market, half a year after its previous attempt in July 2019, with an unchanged reserve price of S$255 million. This time, though, the seven-storey retail and office building in Clemenceau Avenue has been given provisional approval to re-zone for hotel use, its marketing agent said on Wednesday. The site, which occupies a 2,449.8 square metre...
Two conservation shophouses in Neil Road and three other shophouses with adjoining land in Jasmine Road are separately up for sale in the market, Colliers International said in a press statement on Wednesday. The pair of of adjoining two-storey conservation shophouses with attic at 65/67 Neil Road has an indicative price of S$15.57 million. This translates to about S$2,800 per square foot (psf), based...
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