HATTEN Land Limited said on Friday that it has entered into a non-binding memorandum of understanding (MOU) with the founding Tan brothers to acquire four land parcels and a company that owns development rights in Malaysia. Those targeted four plots of leasehold land in Melaka range from 2.05 acres to 66 acres (0.83 hectare to 26.7 hectares), of which two have obtained development order approval. The...

THE Real Estate Developers' Association of Singapore (Redas) is urging the government to review property tax, improve transparency in the property valuation process, and reduce business costs and regulatory fees. It is also asking for special training grants to enhance maintenance skills and technical expertise among building maintenance engineers and technicians. The association's president,...

HDB resale prices fell 0.3 per cent in January compared to December, while transactions fell 13.9 per cent to about 1,174 flats resold, according to data from SRX Property released on Thursday. Consultants called the drop a blip and believe that prices of HDB resale flats are still continuing to stabilise. As for the double-digit drop in transaction volume, it could be due to the large supply of...

Cel Development on Thursday announced that it will be launching a 720-unit residential condominium that's just a minute's walk from Tanah Merah MRT station via a linkway, hoping to draw buyers at an average pricing of S$1,350 per square foot (psf). The property development arm of listed Chip Eng Seng Corporation said that Grandeur Park Residences, which will sit on 24,394 sq m of land, comprises 96...

A 99-YEAR leasehold private housing site along West Coast Vale has attracted nine bids at a state tender that closed on Thursday. The top bid of S$291.99 million or S$591.51 per square foot of potential gross floor area came from China Construction (South Pacific) Development Co. It was just 0.7 per cent above the second highest bid of S$289.9 million or S$587.28 psf ppr by MCC Land...

RESALE prices and volume of Housing and Development Board (HDB) flats decreased in January compared to December 2016, according to a SRX flash report released on Thursday. HDB resale prices fell 0.3 per cent month-on-month. The resale prices of HDB 3-room and 4-room flats went down by 0.6 and 0.5 per cents, respectively. Those of HDB 5-rooms and HDB executive flats went up by 0.4 and 0.9 per cent,...

The team led by KCAP Architects&Planners is to develop the detailed master plan for Jurong Lake District, the Urban Redevelopment Authority (URA) announced on Wednesday (Feb 8). The team's proposal received the highest score among those of the five teams shortlisted for stage 2 of the Jurong Lake District request for proposal (RFP) exercise, the agency added in its press release. URA said KCAP's...

PROPERTY group Ho Bee Land has entered into a deal to sell Rose Court, an office block in Southwark, London to an unrelated Guernsey property unit trust for £94.5 million (S$167.5 million). The buyer has paid a deposit of 10 per cent of the sale price and the balance will be payable upon completion on Feb 21, 2017. The transaction is a cash purchase, Ho Bee said in a news release issued after the close...

GSH Corporation stands to make a net profit of nearly S$80 million from disposing of its 51 per cent stake in the consortium that holds GSH Plaza. This figure is based on information released in the regulatory filing by GSH Corporation, which is controlled by "Popiah King" Sam Goi, to the Singapore Exchange on Monday evening. The GSH-led consortium has entered into a binding term sheet with Hong...

Amendments to the Planning Act will make two practices illegal - that of using private residential properties for rentals of under six months, and housing more than six tenants in each unit. However, the government is looking into shortening the minimum six-month requirement for private housing rentals, and creating a new class of use for private homes so that they can be rented out short-term. The...