Developers of the latest executive condominium (EC) project The Brownstone have received about 640 e-applications since they first opened on Jul 10. City Developments said e-applications for the 638-unit EC will close later on Monday (Jul 20), with booking to start this Saturday. E-applications are typically an indication of interest in an EC project, although applicants are not obliged to buy when...
A new underground linkway with shops will connect Yishun MRT station to the new bus interchange at upcoming integrated development Northpoint City will soon be constructed, Frasers Centrepoint Limited (FCL) announced in a media release on Monday (Jul 20). The linkway, to be named Northpoint Link, will supplement the current underpass connecting Yishun MRT station and the bus interchange via Northpoint...
New private home sales in the Republic fell 42 per cent in June from May as developers launched fewer units. Data from the Urban Redevelopment Authority (URA) on Wednesday (Jul 15) showed developers sold 375 housing units last month - well below the revised figure of 643 units for May. Developers launched just 219 units in June, down from May's 500 units. Including executive condominiums (ECs),...
Rental prices for non-landed private residences fell by 0.5 per cent in June compared to May, according to flash estimates released by SRX Property on Wednesday (Jul 15). Non-landed private property units in the Core Central Region and Outside Central Region saw rental prices fall by 0.8 per cent and 0.7 per cent, respectively, while units in the Rest of Central Region saw no change. June’s rents...
The manager of CapitaLand Mall Trust (CMT) said on Wednesday (15 July) it may sell or redevelop Funan DigitaLife Mall (Funan Mall) in line with its policy of continually evaluating the trust's properties. "These options include and are not limited to a disposal or redevelopment of Funan Mall," CapitaLand Mall Trust Management said in a filing on the Singapore Exchange (SGX). CMT added that it has not...
Boutique hotels in the Republic are gearing up for a growing group of travellers that are seeking unconventional experiences. Such hotels tend to be more exclusive, intimate, and unique than major chain hotels, and they are seeing demand from millennials who seek differentiation and the thrill of discovering something distinctive. One such boutique hotel is Naumi, which is designed to feel like a...
The old Capitol Theatre has just reopened, after a billion-dollar facelift. Along with a retail mall, the development will also include residences and a hotel. Owners of Capitol said they are adopting a strategy of bringing in new-to-market brands, as tenants, to complement its theatre and lifestyle offerings. Japanese apparel retailer, 45r, is among the new names open for business at Capitol Piazza,...
CapitaLand Mall Trust (CMT), Singapore's largest shopping mall trust, will buy Bedok Mall from sponsor CapitaLand in a deal that values the mall at S$780 million. The 222,500 square foot Bedok Mall, which opened in December 2013, is part of an integrated retail-residential-transport development at Bedok Town Centre that includes the 583-unit condominium Bedok Residences developed by CapitaLand. The...
The Republic's real estate developers association (REDAS) has warned of record-high vacancies in the private residential property market, as supply continues to build while tighter mortgage curbs cools demand. In his welcome speech at a property seminar organised by the association on Tuesday (Jul 14), REDAS' president Augustine Tan cited analysts' estimates that more than 89,000 new private homes will...
The resale volume of non-landed private residential units was up 34 per cent year-on-year in June, with an estimated 552 units resold, the SRX Property said on Tuesday (Jul 14). However, compared to the previous month, resale volume was down 10 per cent from the 613 units resold in May. Resale prices inched up 0.4 per cent from May, driven by units in the Rest of Central Region and Outside of Central...