Two freehold shophouses, one along East Coast Road and the other in Geylang, have been launched for sale by tender. Their guide prices start from S$9.9 million for the East Coast shophouse and from S$4.98 million for the Geylang property, marketing agent PropNex Realty said on Tuesday. The shophouse on 711 East Coast Road also has a student hostel licence, which allows accommodation facilities for...
A pair of conservation shophouses along Tras Street is up for sale with a guide price of S$12 million for the larger property and S$10.8 million for the smaller unit. This works out to about S$2,800 per square foot (sq ft) for each shophouse, sole marketing agent CBRE announced on Tuesday. The larger shophouse has a land area of about 1,494 square feet (sq ft) and total floor area of about 4,257 sq ft,...
The Robinson Centre building has been sold to a private fund managed by ARA Asset Management Limited, according to Sakal Real Estate Partners, which managed the transaction. The 20-storey office building at 61 Robinson Road is located in the Central Business District and has a net leasable area of over 130,000 sq ft. When contacted, Sakal said both buyer and seller agreed not to disclose the...
Colliers International has extended the tender submission date for the en bloc sale of The Arcade in Raffles Place by two months till March 5, 2020, at 3pm. This is because developers had asked for more time to assess the site, Colliers said in a press statement on Monday. The original deadline was Jan 8, 2020. Meanwhile, Colliers has also increased the land rate for the site after receiving the...
Sim Lim Square retail mall is up for collective sale under a second tender, following the discovery of an extra 27 per cent built-up space. SLP International Property Consultants Pte Ltd said the mall, located at the apex of the Ophir-Rochor corridor, will be put up for collective sale via public tender on Dec 16, 2019. Built in 1985, the strata titled retail mall is a 99-year leasehold site sitting...
Cosmetics retailer Sasa International announced on Monday (Dec 2) that it will close all 22 stores in Singapore. About 170 employees will be affected by the decision, the company said in its statement, adding that they will be "fully compensated" according to local employment laws and regulations. "The Group's performance in Singapore has been less than satisfactory for many years, and has recorded...
Dyson will be moving its global headquarters to St James Power Station in Singapore, the British technology firm said on Thursday (Nov 28). "The historic St James Power Station will be a most inspiring backdrop for Dyson’s people," Dyson's chief executive Jim Rowan told CNA. "It will be a hive for our research and development endeavours, as we focus on great technology breakthroughs." This...
Victory Point, comprising a two-storey conservation shophouse with an attic and a six-storey rear apartment block, has been launched for sale at an indicative price of S$14.7 million. The indicative price for the mixed-use development, held under a single title, translates to about S$1,390 per square foot (psf) based on the estimated gross floor area (GFA) of 10,609 square feet (sq ft), exclusive...
A pair of shophouses along Bali Lane in Bugis is up for sale by tender at a "fire sale" price of S$9.8 million, while another shophouse at Duxton Road has been launched for sale with an indicative price range of S$4.9 million to S$5 million, marketing agent PropNex Realty announced on Wednesday. The guide price of S$9.8 million for the shophouses at 13, 14 Bali Lane works out to about S$3,797 psf (per...
Singapore-listed developer CapitaLand said on Wednesday (Nov 20) that it has agreed to sell The Star Vista for S$296 million to Rock Productions, the business arm of New Creation Church. The sale, which is scheduled to be completed by the end of this year, is expected to generate about S$145 million in net proceeds and about S$32 million in net gain for CapitaLand. Advertisement The selling price is...
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