A PAIR of freehold Good Class Bungalow (GCB) plots from the garden of Eden Hall, the official residence of the British High Commissioner to Singapore, has been relaunched for sale by public tender by the British government. The relaunch, which sees guide prices being slashed by about 20 per cent, comes after bids during the initial tender period, which closed in January, failed to meet the guide...
M+S Pte Ltd, a joint venture between Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, said on Tuesday it has "topped out" (meaning put the top of the building on) Marina One in Singapore's Marina Bay area. Indoor furnishings are not yet completed, however, and the development remains on track for completion in 2017. It added that it has secured strong office leasing pre-commitments of...
AMID strong and stable demand for office space in top Asian cities such as Hong Kong, Beijing, Tokyo and New Delhi, Singapore has, comparatively speaking, fallen well behind its peers, according to data from global property consultancy CBRE. In its biannual Global Prime Office Occupancy Costs survey of 126 markets, CBRE reported that the Asia-Pacific region had seven cities in the top 10 list of office...
Malaysia will see its eighth Small Luxury Hotels of the World (SLH) property open next month, this time in Penang. It's a first for the state, which has seen its real estate prices and values in George Town soar since its 2008 Unesco heritage listing. The company behind the 35-room The Edison George Town - ET Hospitality Ventures Sdn Bhd - is a subsidiary of ET Group, which is helmed by veteran...
DEVELOPERS' sales of private homes surged to a 10-month high last month on the back of new launches Gem Residences and Stars of Kovan and steady sales in projects released earlier. Sales are expected to moderate this month, assuming there are no new launches. However, things should pick up again in July, when developers of at least one private condo and two executive condo (EC) projects are expected to...
Rental prices for Housing and Development Board (HDB) flats remained flat in May, while those for non-landed private properties decreased by 0.6 per cent compared to April 2016, according to flash estimates by SRX Property. Rental volume increased by 5.8 per cent, with about 4,400 units rented in May - up from 4,158 the previous month. Year-on-year, rental prices for private apartments were down 5.2...
Sales of new private homes rose 41.7 per cent in May, an improvement from the number of private units sold the previous month. Excluding executive condominiums (ECs), property developers sold 1,056 units last month compared with the 745 units sold in April, data from the Urban Redevelopment Authority (URA) showed on Wednesday (Jun 15). A total of 1,388 units - including ECs - were sold, up from...
Katong Shopping Centre has been put up for collective sale for the third time. The reserve price is set at S$630 million. This translates to a land price of S$2,248 per square foot per plot ratio. The mall, which contains 425 units, sits on a freehold plot of nearly 87,000 square feet. Situated along Mountbatten Road, it houses among others, offices, employment agencies, printing and tailoring...
As retail players in the Republic recalibrate their strategies to stay afloat amid turbulent times, more clarity from the Government over property cooling measures is needed, said Mr Terry O’Connor, CEO of mainboard-listed electrical, IT and furniture retailer Courts Asia. “We need some certainty in terms of what the policies are going to be and hope to see some long-term direction in the...
CAPITALAND announced on Wednesday the setting up of a venture fund, C31 Ventures, to tap global tech startups as part of its ongoing effort to innovate and build real estate of the future. The Singapore-listed real estate group said it is prepared to eventually invest up to S$100 million as it seeks compelling investment opportunities beyond Singapore. C31 Ventures targets startup companies that fit...