JTC has launched a 0.77 hectare industrial site in the Kranji area for tender, the fourth of six Confirmed List sites under the Industrial Government Land Sales (IGLS) programme for the second half of this year. The Jalan Lam Huat (Plot B) site has a gross plot ratio of 2.5 ha and is zoned B2, meaning the site may be used by heavy industries that have a greater environmental impact. It has a lease of 20...

For six months, Ms Hanna Sim was trying in vain to rent out her 1-bedroom apartment at private condominium Kingsford Hillview Peak. Her tenant search ended after her property agent lowered the monthly asking rent from an initial S$2,000 to S$1,750. With a lower rental income, the 30-year-old is making a loss out of her 52 sq m shoebox apartment in Hillview. To break even, she would need a tenant who...

Singapore Land Authority (SLA) has appointed Colliers International to lease and manage 183 black-and-white heritage bungalows across various Singapore neighbourhoods. The bungalows under Colliers' care range in land area from 800 to 13,200 square metres and are located at various exclusive residential neighbourhoods including Adam Drive, Holland Road, King Albert Park, Tanglin Road and Watten Estate...

Campfire Collaborative Spaces from Hong Kong is muscling in on Singapore's shared office space, with the startup announcing it has leased all 16 floors at 139 Cecil Street. The site is currently an 11-storey building undergoing major renovation to add five more floors, which Campfire said includes a roof terrace with an "industry-first sky pool, rooftop bar, outdoor dining area and cabanas" for...

The Urban Redevelopment Authority's (URA) rental index of retail space in the central region of Singapore slipped 1.2 per cent in the third quarter of 2018 over the previous three months. This follows a 1.1 per cent quarter-on-quarter decline in the previous quarter. However, URA's price index of retail space in the central region rose 0.3 per cent quarter on quarter in Q3 after easing 1.3 per cent...

Office rents in the central region of Singapore rose 2.5 per cent in the third quarter of this year over the previous three months, property data from the Urban Redevelopment Authority (URA) on Friday showed. This is a quicker pace of gain than the 1.6 per cent increase posted in the previous quarter. Year on year, the rental index is up 9.6 per cent. The latest reading marks the fifth consecutive...

M+S Pte Ltd, the joint-venture between Malaysia's Khazanah Nasional and Singapore's Temasek Holdlings, has appointed JLL to advise it on the sale of the office, hotel and retail components of the Duo project along Beach Road, said sources. They told The Business Times that the combined asking price for the above components is about S$2 billion. The joint-venture company has sold almost all the 660...

Co-working outfit JustCo will move into the entire second floor of Fraser Property's China Square Central complex, once the building's current asset enhancement initiative is completed. JustCo aims to open its latest space in the fourth quarter of 2019, adding to its current portfolio of 13 centres in Singapore. Its Marina Square and MacDonald House offices were opened earlier this year. "Demand...

Private residential prices in Singapore grew by 0.5 per cent in the third quarter, as growth slowed in the wake of the recent property cooling measures which kicked in from July. The 0.5 per cent figure - which was in line with earlier flash estimates - comes after an increase of 3.4 per cent in the previous quarter, according to the latest report from the Urban Redevelopment Authority (URA). Prices...

The Woodleigh Residences, a new integrated development in Bidadari Estate, was unveiled on Friday and the public can get a preview of its condominium units at a soft launch this weekend (Oct 27 - 28). Members of the public may view showroom flats and express their intention to purchase at the soft launch. The project comprises 667 two-, three- and four-bedroom units. Prices will start at S$1,873 per...