The recent property cooling measures in Singapore has once again diverted the spotlight from the private residential market to the shophouse market. Shophouse clusters can be classified into two main submarkets. Those in the central business district (CBD) are in areas such as Chinatown, Tanjong Pagar, Upper Circular Road and Boat Quay, while the rest are farther out in places like Kampong Glam, Little...

Kuok Hui Kwong, chairman of Shangri-La Asia and daughter of Malaysian tycoon Robert Kuok, is buying a bungalow in Belmont Road for S$43.5 million. This works out to S$1,430 per square foot, based on the freehold land area of 30,420 sq ft in the Belmont Park Good Class Bungalow (GCB) Area. Ms Kuok, who is about 40, is understood to be a Malaysian citizen and Singapore permanent resident (PR). When...

Visitors to Holland Village will soon find parking spaces harder to come by, as its main carpark makes way for a mixed use development that will take seven years to complete. The open air carpark serving the enclave, popular for its eateries and bars, will close for development on Aug 13. This according to HDB notices handed out to motorists from Wednesday. This will mean a loss of some 400 parking...

South Beach Residences, located in the upper half of the South Tower of the mixed development South Beach, Singapore - comprises 190 elegantly designed residential units and penthouses from levels 23 to 45. The luxurious residences command 360 panoramic and unsurpassed views sweeping across Marina Bay all the way through to the Central Business District skyline, and the Orchard shopping...

The enbloc sale of Brookvale Park located at Sunset Way received a major jolt as the Strata Titles Board issued a ‘Stop Order’ on Wednesday after seven owners objected to the sale. STB had tried to mediate between the two parties on 12th June and 24th July but it failed to yield any positive results. Considering the impasse, the matter is most likely headed for the High Court. The 160-unit...

The Windy Heights condominium in Kembangan (Jalan Daud) is having another stab at a collective sale, with owners ready to cut the reserve price to attract buyers in a cooling market. The move comes hot on the heels of a failed bid for the freehold District 14 development that ended in April and tough new property cooling measures that kicked in on July 6 which include a 10-percentage point hike in the...

Google is building a third data centre in Singapore to meet rapid user growth in the region, bringing its total long-term investment in such facilities here to US$850 million (S$1.16 billion). The US$350 million facility will be in Jurong West near its first two centres. Google said the complex, which is expected to come online in 2020, will be built on a plot of land the size of the first and second...

Robinson 77 is on the market for S$725 million, less than two years after a CLSA fund bought the property for S$530.8 million and just over a decade after another CLSA investment vehicle bought and resold the building within a ten-month period. If the deal materialises by year-end at the expected price of more than S$725 million (or S$2,357 psf on net lettable area), this would most likely be the...

Despite lingering uncertainty over the Kuala Lumpur–Singapore High Speed Rail (HSR) project, the Government on Wednesday (Aug 1) proceeded with its acquisition of the land that Raffles Country Club (RCC) sits on. In January 2017, the Government announced that RCC would be the second club after Jurong Country Club to make way for the HSR's facilities. The site will also house the future Cross Island...

The Urban Redevelopment Authority (URA) granted provisional permission for several residential projects in the second quarter of the year. These include two large projects with well over 1,000 units each on sites sold through recent collective sales. Sim Lian won URA's provisional nod in June to develop a 2,225-unit condo on the Tampines Court site. In the same month, Kingsford Huray Development...