Singapore's traditional prime districts 9, 10 and 11 are being challenged in their position as the upper echelons of the private housing market not only by new prime areas such as Marina Bay but also by what List Sotheby's International Realty terms "emerging prime areas" such as Tanjong Pagar and Ophir-Rochor Beach Road area. The firm's analysis of transactions captured by the Urban Redevelopment...

Luxury residential homes crossing the S$4,000 per square foot (psf) mark in Singapore’s prime Orchard Road area have been few and far between in recent years. However this could change given the recent spate of record-setting land sales and upcoming launches in the district. Shun Tak Holdings (a Hong Kong-listed company) said on Wednesday that it has purchased two freehold redevelopment sites for a...

Five land parcels for general agriculture in Lim Chu Kang and Sungei Tengah were put on sale by public tender on Thursday by the Agri-Food and Veterinary Authority (AVA). Of the five, three land parcels may be used to farm food crops, seafood, cattle or goats for dairy milk and/or food frogs, AVA said in a statement. These are located at Neo Tiew Crescent and Sungei Tengah Road. The remaining two...

Oasia Hotel Downtown in Singapore's Tanjong Pagar has been named this year's Best Tall Building Worldwide by the Council on Tall Buildings and Urban Habitat (CTBUH), a global authority on tall buildings and future cities that confers the award annually. The 27-storey skyscraper by developer Far East Organization and designed by award-winning architecture firm Woha features a plant-covered facade of red...

Park House has fetched a record collective sale price of S$2,910 per sq ft per plot ratio, marketing agent CBRE said on Wednesday. The freehold District 10 development at 21 Orchard Boulevard sold for S$375.5 million, translating to S$2,910 psf ppr on the maximum allowable gross floor area of 129,035 sq ft, excluding the 10 per cent bonus for balconies. This new benchmark price beats the previous...

Rentals in May inched up just 0.2 per cent for both private and HDB homes from the previous month, as volumes continued their decline, according to flash estimates released by real estate portal SRX Property on Wednesday. Year-on-year, rents from non-landed private rentals increased 0.8 per cent, and the May showing was 18.9 per cent lower compared to its peak in January 2013. Compared to April,...

LAKESIDE Apartments is now on the market with a reserve price of S$240 million — the latest to wade into the wave of collective sales here. More than 80 per cent of owners at the 134,176 sq ft site in the Jurong Lake District area have agreed to sell and the collective sale tender was launched on Tuesday. This means each of the owners at the 120-unit development could stand to get S$2 million each....

Homegrown insurance bigwigs Great Eastern and NTUC Income have leased office space at Paya Lebar Quarter (PLQ). According to Business Times, Great Eastern - a listed subsidiary of OCBC, has leased about 125,000 sq ft on four floors of the 13-storey Tower 3 in the project. This is the same tower where SMRT has leased 97,000 sq ft (three levels) and property consulting group CBRE, 31,000 sq ft (one...

Parc Botannia is designed with the utmost comfortable living in mind. Imagine a home set within a park and surrounded by parklands, wetlands, meandering rivers, an idyllic coastline and an easy network to anywhere island-wide. It is conveniently located right next to Thanggam LRT making it extremely accessible by public transport. Around the corner is Jalan Kayu food street and Seletar Mall, offering...

Prices of private condominiums and apartments continued their climb in May to hit a new high, although volumes slightly dipped according to flash data from real estate portal SRX Property released on Tuesday. This comes as the monthly price change for April 2018 was revised sharply upwards to 1.2 per cent, from the earlier estimate of 0.6 per cent. Resale prices of non-landed private properties rose...