A corner pair of freehold shophouses at 24 and 26 Moonstone Lane is up for sale as a bundle with an indicative price of S$6.6 million, marketing agent CBRE said on Tuesday. The two-storey shophouses occupy a total site area of about 2,877 square feet (sq ft) and have a combined existing built-up area of about 4,628 sq ft. Under the Urban Revelopment Authority's (URA) 2019 Master Plan, the properties...

A Government-led review has rejected a claim that property developers have been colluding in their bids on Government land sales (GLS) tenders, an assertion which National University of Singapore (NUS) academics initially said had deprived the state’s coffers of hundreds of millions of dollars of revenue. The four NUS Business School researchers later retracted this claim from their paper, but on...

Colliers International today announced that it has successfully brokered the purchase of Wisma Gulab, a nine-storey industrial building at 190 MacPherson Road at SGD88 million for Heap Seng Group. The purchase price of S$88 million translates to S$692 per square foot (psf) on total net lettable area of 127,240 square feet (11,821 sq m). This is the largest freehold industrial site sold in two years...

Two retail units within a shophouse in Holland Village together with their adjacent front and rear land parcels have been launched for sale at an indicative price of S$13.8 million. The two strata units, one on the first storey and the other on the second storey, are located at 26A and 26C Lorong Mambong respectively. The freehold properties have a total strata area of about 1,840 square feet (sq...

The private residential market in Singapore appears to be stabilising in line with economic fundamentals, said Chia Ngiang Hong, president of the Real Estate Developers’ Association of Singapore (Redas). "In the beginning of the year, most analysts expect new home sales for the year 2020 to remain resilient and roughly match 2019’s level. Prices of new homes are not expected to change much," Mr Chia...

Parc Canberra, an executive condominium (EC) in Singapore's north region, on Friday launched its sales gallery and online applications. Online applications are open till Feb 10. The booking of units will start on Feb 15. The average price for Parc Canberra units is about S$1,080 per square foot (psf), said its developer Hoi Hup Sunway Canberra, a joint venture between Hoi Hup Realty and Sunway...

Private home sales are expected to remain resilient in 2020, Real Estate Developers’ Association of Singapore (REDAS) President Chia Ngiang Hong said on Friday (Jan 31). Speaking at the the association's spring festival lunch, he said there could be more than 30 projects with 9,000 new units launched for sale this year. Half of the new projects are expected to be located in the core central...

The Law Society plans to insert a clause into its widely-used property transaction agreement template to make mediation the first port of call for parties to resolve disputes. Gregory Vijayendran, president of the Law Society, said at the recent opening of the legal year in early January that the organisation intends to revise the Law Society's Conditions of Sale 2012 to include a rule that requires...

FREEHOLD condominium Wing Fong Mansions in Geylang has been launched for collective sale with a reserve price of S$176 million, marketing agent PropNex Realty told The Business Times (BT) on Wednesday. It is up for tender along with an adjacent condo, Wing Fong Court, which was also put on the market two weeks ago at a reserve price of S$108 million. At least 80 per cent of the owners at Wing Fong...

Singapore property investment sales could increase by 6 per cent to S$31.3 billion in 2020 from S$29.5 billion in 2019, real estate services firm Colliers International said in its latest report. Investment sales volumes fell 12.7 per cent last year "largely due to the pullback in the residential property sector as cooling measures continued to bite", said Colliers. The commercial property sector led...