Gilstead View, a freehold 17-storey apartment block in the Newton area, has gone under the en bloc hammer for $96.5 million. Chedstone Investment Holdings bought the site at approximately $1,070 per square foot per plot ratio (ppr), inclusive of the estimated $10-million development charge. Real-estate firm Jones Lang LaSalle believes this is a new record for the Newton area. “The sale of Gilstead...

Over the past two decades, Paramount Shopping Centre has developed a rather infamous reputation for itself; more known for the seedy karaoke bars and pubs that crowd its ground level rather than the retail and computer shops on the upper levels. Once the sun goes down, bar hostesses and their guests filter to their watering holes in the building that is often regarded as the Orchard Towers of the east...

Singaporeans may baulk at the record prices that luxury developments are fetching today, but a London-based businessman has shown that the well-heeled are willing to shell out good money for a top acquisition. The unidentified man has just signed a contract for a US$56 million ($85.6 million), 9,200-square-foot triplex penthouse in New York’s Plaza Hotel. That equates to around US$6,087 per square...

Singapore is the eighth most costly city in which to rent an apartment in Asia, according to a survey by ECA International. Rentals for a three-bedroom apartment increased 15 per cent in 2006 compared to that of a year ago. This still puts Singapore behind other Asian cities like Ho Chi Minh City, Beijing and Shanghai. A three-room rental unit in an area popular with expatriates in Singapore would have...

Asset-bubble vigilantes will find little to cheer about with Singapore’s falling interbank lending rate. They will be partly right: Cheaper capital is about the last thing the island’s frenzied property market needs. According to official statistics, housing loans by Singapore banks reached $64.3 billion in March. That’s the highest on record. With prices of private homes surging the most in seven...

Home is where the heart is. And at One Amber, everything falls into place - your dreams, your family, your future. With four 23-storey blocks (562 units) comprising one, two, three, four-bedroom apartments and penthouses, all giving you unobstructed views of the city skyline and the sea, you will find something that suits your lifestyle and needs, to build your dream home. Prominently located in the heart...

The venerable Tanglin Mall is next in line for a facelift. Come October, the shopping centre, which is more than a decade old, will get 20,000 square feet added to its four-storey complex. The mall is getting 20 lifestyle and F&B shops, which will be spread over two storeys. Gone will be the pedestrian walkway between the mall and Traders Hotel, the mall’s taxi stand and a section between Regent...

With the property market booming and financing getting cheaper, Standard Chartered Bank is moving aggressively in Singapore’s mortgage space. Over the past week alone, the foreign lender has launched two home loans pegged to interest rates that are publicly available. Stanchart’s latest offer, announced yesterday, is a mortgage tied to the three-month Singapore dollar swap offer rate (SOR), which...

Savills Singapore has announced the commencement of an expressions of interest exercise for the collective sale of Trendale Tower. The 25-year-old freehold development sits on a 21,709-sq-ft plot at 79 Cairnhill Road. “Subject to approval from the relevant authorities, the redevelopment site will have a permissible gross floor area of 6,753.2 sq m, exceeding the permissible plot ratio of 2.8 as...

Real estate services firm C B Richard Ellis has announced the public tender sale of Pasir Panjang Village. Located at the junction of South Buona Vista Road and Pasir Panjang Road, the freehold Pasir Panjang Village consists of a row of 14 conserved two-and-a-half-storey shophouses that are adjacent to the Village Centre. The 22,000-sq-ft site is zoned for both commercial and residential use. With a gross...