A row of six adjoining conservation shophouses in Tanjong Pagar has been put up for sale at an indicative price of $57.8 million. Marketing agent JLL yesterday said the guide price for the units - 48 to 56 Peck Seah Street - works out to about $2,900 per sq ft, based on the existing gross floor area of 19,938 sq ft. The units, which are owned by a fund managed by Phoenix Property Investors, have a...

The residential collective sales market is poised to pick up this year, with analysts citing the limited supply of private housing sites at state tenders and strong demand for land by developers as key factors. A collective sale, also known as an en bloc sale, refers to a combined sale by the owners of property units to a shared purchaser with sale proceeds divided amongst the unit owners. In 2016,...

Former HUDC estate Rio Casa was on Monday (Apr 10) put up for collective sale, announced its marketing agent Knight Frank in a news release. Owners of the river-fronting estate along Hougang Avenue 7 are expecting offers above S$450.8 million for the property, which translates to a land rate of about S$586 per square foot per plot ratio, according to Knight Frank. The price includes about S$141.5...

Renewal plans for Woodlands, Toa Payoh and Pasir Ris have been finalised and are ready to be presented to residents to gather their feedback, announced the Housing and Development Board (HDB) on Sunday (Apr 2). The rejuvenation of the three towns was first announced in 2015, under the Remaking Our Heartland programme. In drawing up the plans, HDB said it had actively engaged residents and stakeholders...

A Housing & Development Board (HDB) flat is a “good store of asset value” for those who plan ahead and make prudent housing decisions, National Development Minister Lawrence Wong said. His comments, made in a Facebook post on Wednesday (Apr 12), come in response to online debate over his comments that not all HDB flats will be eligible for the Selective En bloc Redevelopment Scheme...

Despite the temporary closure of China showrooms promoting the massive Forest City project planned in Malaysia last month, fewer than 60 buyers in China have asked about cancelling their bookings, Chinese developer Country Garden Holdings (CGH) said on Thursday (Apr 6). The company said it sold more than 15,000 residential units under the project last year. Chinese nationals accounted for 70 per cent...

Fourteen years after it first opened, the Esplanade has announced plans to build an additional waterfront theatre to address the growing need to expand audiences and further develop local artists. The building will include a 550-seat flexible theatre as well as an outdoor plaza. Construction is set to begin in 2019 and expected to be completed by 2021, when another iconic arts venue, the Singapore Art...

The Urban Redevelopment Authority (URA) has concluded a study on improving connectivity along the Kallang River and is seeking public feedback on its recommendations, it said on Tuesday (Apr 11). Ideas were sought in 2015 to see if the 10km Kallang Park Connector, which links Bishan-Ang Mo Kio Park and Kallang Riverside Park, can be improved so that it can serve as a seamless cycling...

Private home prices in Singapore continued their decline in the first quarter of this year – the 14th straight quarter of contraction, according to flash estimates released by the Urban Redevelopment Authority (URA) on Monday (Apr 3). The private residential property index fell to 136.5 points in the first quarter, down 0.7 point from the previous quarter. This represents a decline of 0.5 per cent,...

The Housing & Development Board (HDB) received an average of 2.7 applications for every two-room Flexi Build-To-Order (BTO) flat offered in 2016, said Minister for National Development Lawrence Wong in Parliament on Monday (Apr 3). The applications came from a mix of families, elderly and singles, said Mr Wong who was responding to a parliamentary question by Dr Lee Bee Wah, Member of Parliament (MP)...