Property developer Roxy-Pacific has agreed to acquire a freehold residential site near Marine Parade for S$21.5 million, it said in a bourse filing on Wednesday. The plot, at 26 Sea Avenue, has a total land area of 19,474 sq ft and an existing plot ratio of 1.4 under the 2014 Master Plan for residential apartment development. For that size, the purchase sum works out to roughly S$789 per sq ft per...

Five adjoining shophouses under a single title along 236-244 Geylang Road has been put up for sale by broker JLL. The indicative price for the freehold property is S$28.8 million, or around S$1,350 psf on the total built-up area of 21,349 sq ft. The property is held under a single title, and has seven carpark lots. There is a Chinese restaurant and a provision shop on the ground floor, and an office...

Resale prices of private homes fell again in August, according to the Singapore Residential Price Index (SRPI) flash estimates released on Monday (Sep 28). The SRPI, compiled by the National University of Singapore's Institute of Real Estate Studies, showed overall prices declined 0.6 per cent in August from the previous month. In July, prices fell 0.2 per cent from a month earlier. Prices of homes...

The first executive condominium (EC) project to be launched since the Government raised the qualifying income ceiling from S$12,000 to S$14,000, opened for bookings on Saturday (Sep 26). Called Signature at Yishun, the project's developer said about 20 per cent of its units have been sold as of 5pm. "There are buyers whose income is more than S$12,000. The percentage I would estimate is 20 per cent...

The Republic plans to release more land for complexes where building components can be put together in a factory environment, so as to reduce the need for manpower in the construction sector, said Senior Minister of State for Trade and Industry and National Development Lee Yi Shyan on Wednesday (Sep 23). He was speaking at the opening of SEF SpaceHub, which is the first Integrated Construction and...

A "bumper crop" of 12,000 Housing and Development Board flats will be made available in November, National Development Minister Khaw Boon Wan announced on Wednesday (Sep 23). The September launch of Build-to-Order flats was delayed to incorporate three new policies announced by Prime Minister Lee Hsien Loong at the National Day Rally in August: A new 2-Room Flexi Scheme, an increase in the income...

A firm controlled by Singapore billionaire Peter Lim has dropped plans to build a township in Iskandar Malaysia and will instead develop a healthcare city beside the upcoming Thomson Iskandar medical hub. Rowsley, a Singapore-listed real estate company, announced on Tuesday (Sep 22) that it has received “favourable response” from the Johor Head of State to reconceptualise Vantage Bay from a...

A record 14 projects were recognised at this year's HDB Design Awards, with the top honours going to SkyTerrace@Dawson for its park-like environment and multi-generational loft units paired with studio apartments. Completed in early 2015, the Design Award-winning SkyTerrace@Dawson comprises five 40- to 43-storey high residential blocks linked to a four-storey carpark podium. The blocks are located next...

A total of 2,150 new flats in Bidadari estate will soon be launched for sale under the HDB’s next Build-to-Order (BTO) exercise, expected by the end of September. The BTO flats will comprise two- to five-room units. This will be the first batch of HDB flats on offer in the new estate and priority will be given to those whose parents live in Toa Payoh, Potong Pasir or within the 2km radius. The...

A freehold Good Class Bungalow (GCB) site located at 53 Windsor Park Road has been put up for the sale by public tender - at an indicative price of S$27 million, reflecting a land rate of S$1,280 per square foot. With a land area of about 21,091 square feet (sq ft), the plot is currently occupied by a part-single-part-two-storey bungalow that was built in the 1950s. It is on elevated grounds, providing...