Paperless property sales booking now a reality in Singapore thanks to Showsuite

New home sales platform Showsuite has successfully launched Singapore's first fully digitalised sales booking platform, which could save as many as hundreds of thousands of sheets of paper for developers and property agents for a single project. The digital platform allows developers' agents to transact on their iPads "anytime and anywhere", said Karamjit Singh, chief executive of the proptech startup...

New public library at VivoCity shopping mall to open next year

Singapore’s latest mall library will open in VivoCity on 12 January 2019, promising book lovers here a new exciting venue with the latest features and services. The public library will offer conducive reading spaces for patrons of all ages set against a splendid view of Sentosa. To fit its location and help patrons locate it easily, the library will be named library@harbourfront. The library, which...

Golden Mile Complex may stay – even with en bloc

The iconic step-terraced Golden Mile Complex building could be spared from the wrecking ball - even if it finds an en bloc buyer at its reserve price of S$800 million. An outline application has been submitted to retain the existing 16-storey building and add a new block next to the building, subject to authorities' approval, marketing agent Edmund Tie & Company (ET&Co) revealed in its tender...

Golden Mile Complex may be conserved even as en bloc tender is launched

The iconic Golden Mile Complex is deemed to have heritage value and authorities are in the process of exploring options to facilitate conservation, said the Urban Redevelopment Authority (URA) on Wednesday (Oct 31). This comes even as the development tries to find a buyer, with the collective sale tender launched on Wednesday at a reserve price of S$800 million. The building may not be demolished,...

WeWork unveils 3 new offices at City House, Suntec City and 8 Cross St

Co-working giant WeWork has announced the official launch of three new offices in Suntec City Tower 5, City House and 8 Cross Street in Singapore, bringing its footprint here to over nine locations with 4,000 members. This comes amid the US company's aggressive expansion in South-east Asia. New locations are slated to open in Bangkok, Ho Chi Minh City, Jakarta, Kuala Lumpur and Manila by the end of the...

PropertyGuru raises S$200m funding from KKR

PropertyGuru Group, which operates real estate portals and apps in Southeast Asia, said on Wednesday (Oct 31) it has secured a S$200 million investment from private equity firm KKR & Co as it seeks to grow its services. Singapore-based PropertyGuru will use the funds to take full ownership of Vietnamese property portal Batdongsan.com.vn, in which it already owns a stake, to expand in its fifth...

URA and HDB release sale sites at Kampong Java Road, Tampines Avenue 10 and Marina View

The Urban Redevelopment Authority (URA) and the Housing & Development Board (HDB) released two residential sites and one White site for sale today under the 2nd half 2018 Government Land Sales (GLS) Programme. The URA site at Kampong Java Road and the HDB Executive Condominium site at Tampines Avenue 10 are launched for sale under the Confirmed List while the URA White site at Marina View is available...

Two shophouses in Duxton Hill and one on Stanley Street sold for S$37.3m

Entities connected to veteran property investor Stanley Quek are understood to be selling a pair of adjoining shophouses in Duxton Hill and a shophouse in Stanley Street in separate deals totaling S$37.3 million. The pair of shophouses at 40 and 41 Duxton Hill are changing hands at S$24.8 million. They are on two separate land lots, but the units are linked, forming a distinctive corner shophouse...

Singapore office landlords get upper hand as rentals jump

When it comes to renting an office in downtown Singapore, the tables have turned. Landlords now have the upper hand in rental negotiations, with leasing rates in the city-state's prime business districts rising at the steepest pace in more than four years. And with both demand accelerating and supply dwindling, rents are forecast to remain firm until at least 2022, when new supply is expected to come...

Elias Green at Pasir Ris up for en bloc sale

Elias Green is the latest condominium to hit the en bloc market in search of a buyer. According to PropNex Realty's Richard Hau, the owners of the 419-unit Pasir Ris condo will launch a public tender for the site on Monday with a S$780 million reserve price. This means that the owners of the 516,877 sq ft development could each walk away with S$1.7 million to just below S$2 million. The condo,...

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