Demand for four- and five-room flats at Bidadari estate near Toa Payoh has already exceeded supply, just a day after HDB launched its biggest-ever sale of new units on Tuesday (Nov 17). Of the more than 12,400 flats on sale, more than 2,140 are at Bidadari. They range from two-room flexi to five-room units. According to data on HDB's website, the five-room units at Bidadari are already more than six...
The BIG Hotel at Middle Road has been sold to a Hong Kong-based real estate investment group for S$203 million, property services firm JLL said on Wednesday (Nov 18). Originally an office building, the 308-room BIG hotel was converted by ERC Unicampus, and it opened in 2013. Facilities include a restaurant, bar, gym, car park and convenience store. JLL advised ERC Unicampus on the sale. The new owner...
Starwood Hotels & Resorts Worldwide will introduce its Four Points brand in Singapore with the Keck Seng Group via the Four Points Singapore, Riverview which will open by end of next year. The hotel will see a S$25 million rebranding and renovation of the former Riverview Hotel on 382 Havelock Road, which is located along the Singapore River. "The signing of Four Points Singapore, Riverview...
The "bumper crop"of Housing and Development Board (HDB) flats for sale under the November 2015 Build-To-Order (BTO) cum Sale of Balance Flats (SBF) exercise was launched on Tuesday (Nov 17), the agency announced. The application period starts on Tuesday, and ends on Nov 26. Applicants can apply for only one flat type or category in one town under either the BTO or SBF exercise. A total of 12,411...
Sales of new private homes jumped 60.1 per cent last month. Excluding executive condominiums (ECs), developers of private homes sold 546 units in October, up from the 341 units sold in September, data from the Urban Redevelopment Authority (URA) showed on Monday (Nov 16). The rise in sales came as developers launched 434 units last month, an 11 per cent increase from the 391 units launched the...
The corporate operations of the Central Provident Fund (CPF) Board at the CPF Building at 79 Robinson Road will relocate to Novena Square Towers A and B from Nov 23. In a news release on Monday (Nov 16), CPF said the relocation will free up prime office space in the Central Business District for higher-value uses. The CPF Building at 79 Robinson Road has been put up for sale through a tender and bids...
The first batch of Build-To-Order (BTO) flats in the new Bidadari estate will go on sale in the second half of this month. More than half of the 2,139 flats available – 1,229 units – will be four-room flats. Another 192 will be two-room flats under the Flexi scheme, 567 will be three-room flats and 151 will be five-room units. The flats will be progressively completed from the third quarter of 2019,...
Rental prices for non-landed private homes fell for the ninth straight month by 0.4 per cent in October compared to September, according to flash estimates released by SRX Property on Thursday (Nov 12). Units in the Core Central Region and Outside Central Region both saw decreases in rents of 0.8 per cent. Homes in the Rest of Central Region saw a 0.4 per cent increase. On a year-on-year basis, rents...
The "mega launch" of 12,000 flats for the November Housing & Development Board (HDB) launch will take place in the second half of this month, it was announced on Thursday (Nov 12). This will be the largest sales exercise to-date, with a total of about 12,000 flats offered for sale, comprising 7,000 Build-To-Order (BTO) flats and 5,000 balance flats. This is as the September launch of BTO flats was...
The resale prices of non-landed private residential units in October dipped 0.6 per cent from September this year, according to latest data from SRX Property released on Wednesday (Nov 11). Units in the Core Central Region, Rest of Central Region and Outside of Central Region all posted a price drop of 1.1 per cent, 0.5 per cent and 0.4 per cent respectively. Overall resale prices also went down 2.6...