Singapore-listed property firm City Developments Limited (CDL), through its subsidiary Reselton Properties Limited, has entered into a contract to acquire the £158 million (S$334.96 million) freehold Stag Brewery land site in Mortlake, southwest London. In a news release on Thursday (Nov 26), CDL said completion of the acquisition is expected to be finalised by the first week of December. Stag Brewery...
The Republic has been ranked as the fourth-most expensive city for expatriates to live in, according to a study conducted by the Asia Competitiveness Institute (ACI). Caracas in Venezuela was placed as the most expensive city for expatriates, based on 2013 data, the study, which was released on Friday (Nov 27), showed. Under the ACI's annual index that compares cost of living for 103 major world...
Singapore dropped four positions to seventh place in the Global Liveable Cities Index, according to the results of a study released on Thursday (Nov 26). The index is a ranking of the world's most liveable cities, compiled by the Asia Competitiveness Institute (ACI) at National University of Singapore’s Lee Kuan Yew School of Public Policy. Singapore performed strongly in economic vibrancy and...
The bumper launch of 12,411 new flats this month has received a “healthy” response, with more Singaporeans benefiting from recent housing policy changes, National Development Minister Lawrence Wong said on Thursday (Nov 26). The policy changes include higher income ceilings, an enhanced Special CPF Housing Grant, as well as two-room Flexi flats for seniors. About 2,100 families and 220 singles in...
The Urban Development Authority (URA) on Thursday (Nov 26) launched a 19,309.6-square-metre residential site at Siglap Road for sale by public tender. The site which has a lease period of 99 years is under the Confirmed List of the second half of 2015's Government Land Sales (GLS) Programme. The site, which can potentially yield about 750 residential units, is close to amenities such as the future...
The landmark CPF Building at 79 Robinson Road has been sold for a higher-than-expected S$550 million, the CPF Board announced on Thursday (Nov 26). The public tender for the sale of the building attracted three bids, the highest of which was by Southernwood Property, a company wholly owned by Ascendas Land. Analysts had expected the building to fetch about S$450 million. The CPF Board said the bid...
Chinese retail giant Beijing Hualian looks set to be the first mainland company to list a real estate investment trust (REIT) in Singapore, following the filing of a draft prospectus by one of its units. BHG Retail Trust Management said on Monday (Nov 23) that it has lodged a preliminary prospectus for BHG Retail REIT with the Monetary Authority of Singapore for an offering on the main board of the...
JTC on Tuesday (Nov 24) announced it is launching two industrial sites under the second half 2015 Industrial Government Land Sales Programme. Under the Programme, the 0.41-hectare plot of land at Tampines Industrial Drive was launched under the Confirmed List. It is zoned for Business-2 development and has a 20-year tenure with a maximum permissible gross plot ratio of 1.4. Interested parties are to...
Part of the garden at Eden Hall, the official residence of the British High Commissioner in Singapore, has been launched for sale by public tender by the British government's Foreign & Commonwealth Office. Details of the tender of land - in two adjoining freehold plots of Good-Class Bungalow (GCB) land on Nassim Road - will be announced soon, said CBRE, the sole marketing agent. Subject to final...
CBRE has launched an an expression-of-interest exercise for a freehold corner shophouse at 8/8A Sixth Avenue. The property sits on 2,451 sq ft of land, with a total gross floor area of 2,519 sq ft. It has dual-building frontages with high visibility, and comes with approval for F&B use for its ground floor space. It is now fully tenanted and enjoys strong rental income stream, it added. CBRE, the...