A row of apartments with commercial shops along Phoenix Road in Bukit Panjang will be put up for collective sale via public tender on Thursday for S$42 million, marking the first time that the owners are embarking on an en bloc sale. This translates to a land rate of S$617 per square foot per plot ratio (psf ppr), and S$566 psf ppr after factoring in the 7 per cent bonus balcony gross floor area. No...

Owners of the Beauty World Plaza retail and residential building are putting up the redevelopment site for tender with a reserve price of S$165 million, agent Knight Frank Singapore announced on Wednesday. The 2,305.6 square metre site in the Upper Bukit Timah neighbourhood comprises a single block with 61 retail units and 30 residential units. Under the Urban Redevelopment Authority's (URA) 2014 Master...

The High Court has granted a sale order to Goodluck Garden's S$610 million collective sale on Monday following a lengthy dispute, but Justice Woo Bih Li also criticised marketing agent Knight Frank, the property's collective sale committee (CSC) and the CSC's lawyers Rajah & Tann for how they handled the sale. Owners of the 210-unit freehold residential development in Toh Tuck Road went to court after...

JTC has launched one site for tender and another site for application under the 2018 Industrial Government Land Sales (IGLS) programme, it announced in a press statement on Tuesday. The site at Tuas South Link 3 (Plot 20), which is available for tender, is the fifth out of six confirmed list sites for the second half of the 2018 IGLS programme. It occupies a land area of 0.45 hectare with a gross plot...

Freehold commercial property Golden Wall Centre has been sold en bloc for S$276.2 million to City View Holdings, a wholly owned subsidiary of Worldwide Hotels, which owns and manages hotel chains such as Hotel 81. The amount was higher than the reserve price of S$260 million, which was little changed from what the strata unit owners wanted in their first attempt at a collective sale in 2016. At...

GuocoLand Limited today announced the groundbreaking of Guoco Midtown, unveiling the name of the prime site that is set to rejuvenate the Beach Road district. It will provide a new epicentre for this side of Singapore’s Central Business District (CBD). Guoco Midtown is expected to be completed by the first half of 2022. Nestled within the City Hall office micromarket, Guoco Midtown will be the final...

Traditional property portals let users filter their search by selecting from a small number of parameters such as district, location, price and type of property. The issue with this is that results end up swarming in by the hundreds and even thousands, said proptech startup Mogul.sg. On Wednesday, the firm launched a new property search portal - also called Mogul.sg - that uses a keyword-based system...

A Housing and Development Board (HDB) terrace house was sold for nearly S$1.2 million in the third quarter of this year, smashing a previous record for the priciest HDB unit ever sold, according to a real estate trends report published by OrangeTee on Wednesday (Nov 21). The 237 sq m HDB terrace located along Jalan Bahagia near Whampoa was sold in September for S$1.185 million. The three-room property...

Veteran property investor Stanley Quek is selling another conservation shophouse property. This time, an entity connected to him has offloaded three adjoining two-storey shophouses on Tras Street, for S$21.2 million. The property, which is part of the Tanjong Pagar Conservation Area, is being bought by an entity affiliated to Clifton Partners, a real estate investment firm owned by Singaporean Zain...

Homeowners who opposed in a collective sale of private homes will still have to pay any seller's stamp duty that applies to them. "If the sale occurs within the holding period, the seller's stamp duty is applied, regardless of whether an individual owner consented to or opposed the sale," said National Development Minister Lawrence Wong in Parliament on Tuesday. The reason is that the collective...