A new co-working space to help local companies innovate and develop products will be launched in the Jurong Innovation District (JID), announced Senior Minister of State for Trade and Industry Koh Poh Koon on Tuesday (Mar 3). The SIMTech Innovation Factory – an initiative by the Agency for Science, Technology and Research (A*STAR) in partnership with Enterprise Singapore – will be operationally...

Property buyers in Singapore continue to plonk down serious money for new private homes despite worries over the ongoing Covid-19 outbreak. Luxus Hills announced over the weekend that it was completely sold out, while buyers also snapped up another 32 units at The M. Consultants said the two projects have done well for specific reasons like incentives offered and competitive pricing; it also reflects...

Land tenders for three 99-year leasehold housing sites comprising two adjoining private housing sites in Canberra Drive in Singapore's north and an executive condominium or EC site along Fernvale Lane in the Sengkang area closed on Tuesday. Canberra Drive (Parcel A) drew five bids, with the highest offer of nearly S$129.20 million or about S$644 per square foot per plot ratio (psf ppr) from Oasis...

A portfolio of three conservation shophouses and a terrace house located within Districts 1 & 2 is now up for sale in the market, at a guide price of about S$38.4 million, Knight Frank Singapore said in a media statement on Monday. The properties can be purchased either individually or as a portfolio. The commercial shophouses are located within District 1 at Ann Siang Road, and District 2 at Keong...

The 11th floor of Samsung Hub has transacted for nearly S$50 million or S$3,800 per square foot (psf) on a strata area of about 13,100 sq ft. This is the highest psf price achieved for an office floor in the 999-year leasehold building in the Raffles Place financial district, exceeding the previous high of S$3,550 psf set in 2018 for the 20th floor. In the latest deal, a South Korean high net worth...

The Porcelain Hotel, a 138-key boutique hotel in Chinatown, is up for sale via expression of interest with a guide price of S$115 million, joint marketing agents CBRE and Edmund Tie said on Thursday. Housed in a row of adjoining conservation shophouses at 46 to 50 Mosque Street, the 99-year leasehold hotel occupies a land area of 10,143 square feet (sq ft) and an estimated gross floor area (GFA) of...

Ascendas Real Estate Investment Trust (Reit) is selling a two-storey ramp-up warehouse building along Changi South Street 1 to minimart chain operator Hao Mart for S$20.3 million, the fund manager announced on Monday. The sale price for 25 Changi South Street 1 is 14 per cent more than the original purchase price of S$17.8 million, and 2 per cent higher than the property's market valuation of S$19.9...

Wing Tai Asia sold 70 per cent or over 360 units of its latest condominium project The M over the weekend, even amid the ongoing Covid-19 outbreak. Units were sold at an average price of S$2,450 per square foot. The M is the first major private residential development opened for public preview since the virus outbreak started in earnest in Singapore. Stacey Ow Yeong, head of marketing, Wing Tai...

Real estate developer Bukit Sembawang Estates Limited on Friday said it has sold 25 out of the 39 units at the Luxus Hills (Contemporary Collection) following private previews. The Contemporary Collection is the final phase of Bukit Sembawang’s 999-year leasehold landed development in the Seletar Hills estate. The 25 landed homes sold include inter-terraces, corner terraces, semi-detached houses...

Singapore has no immediate plans to ease property curbs, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Wednesday, amid renewed calls by developers to loosen a measure that penalises them if they fail to complete and sell new projects within five years. "It is not on our radar at this point because we need to make sure that we stabilise the economy and we address long-term structural...