Yuen Sing Mansion at Nos 6A – 10c Geyland Lorong 13, has been launched for sale by tender by marketing agent JLL. The freehold four-storey development comprises nine apartments built on a regular shaped plot. All the owners have consented to the collective sale and no Strata Titles Board approval would be required. The owners are expecting bids in excess of S$17 million, which reflects about S$779...

Stating that the proposed Voluntary Early Redevelopment Scheme (Vers) is “not a panacea” to the public housing lease decay issue, a Credit Suisse report released on Wednesday (Sept 19) expects the price gap to widen between Housing and Development Board (HDB) flats and private apartments over time. Increasingly, those who can afford it will also turn to private homes as a better store of value. As a...

At Marina Square mall, The Maternity House has not made any sale for four days in a row. The store selling maternity wear, which has been a tenant there for more than 15 years, is not the only one bemoaning the sluggish business at the once-bustling downtown mall, which was in the news more than three years ago for having a rodent problem. Other shopkeepers such as MaxCoil Bedding Gallery also told...

Barring unforeseen circumstances, it will take around five years for the market to fully absorb almost 46,000 private residential units that could potentially come onstream by 2020. And as a result of the "sedate" property market, developers are adopting a more "prudent approach" when acquiring land and allocating capital, said Real Estate Developers' Association of Singapore (Redas) president Augustine...

Year-end school holidays may be some months away, but parents seeking activities for the family during the school break can look forward to visiting a new indoor activity park from Finland. In November, indoor activity park brand SuperPark is opening a 40,000 sq ft activity site — around three-quarters of a football field — offering more than 20 activities in three themed zones for Singaporeans of...

Two freehold condominium developments near the prime Orchard Road district will make another bid at an en bloc sale, Colliers International said on Monday (Sep 17). Grange Heights in St Thomas Walk will be launched for sale at S$820 million, while Cairnhill Astoria will be put on the market for S$196 million. This is the second attempt at a collective sale by Grange Heights owners. Depending on the...

Former HUDC estate Laguna Park has been put up for collective sale at a reserve price of S$1.48 billion, marketing agent Knight Frank Singapore said on Monday (Sep 17). This is the third time owners of the development at Marine Parade Road are attempting an en bloc sale, after two earlier shots in 2007 and 2010. The 99-year leasehold development was built in 1978 and comprises seven blocks of 506...

Sales of new private homes fell 50.6 per cent year-on-year in August on the back of cooling measures introduced by the Government in July. Excluding executive condominiums (ECs), developers sold 616 units in August, about half the 1,246 units sold in the same month a year earlier, according to data released by the Urban Redevelopment Authority on Monday (Sep 17). On a month-on-month basis, sales...

Nine precincts will participate in an Urban Redevelopment Authority (URA) pilot programme to inject new life into districts and public spaces, Minister for National Development Lawrence Wong announced on Monday (Sep 17). Speaking at the Place Management Seminar 2018, Mr Wong said that the public can look forward to more vibrant districts and attractive public spaces as a result of these new precincts...

City Developments Limited (CDL) announced on Friday morning that it has acquired a prime freehold Grade A commercial building in London for £183 million (S$328 million). The project, Aldgate House, is located in the district of Aldgate, right beside Aldgate Underground Station and with six other stations within a five-minute walk. CDL said the acquisition was undertaken "as part of its focus on...