Green Court will be launched for collective sale on Jan 7, with its owners expecting offers above their reserve price of S$28 million, marketing agent Knight Frank Singapore announced on Monday. The tender for the freehold mixed-use redevelopment site along Geylang Road will close at 3pm on Feb 19. Including an additional development charge of about S$5.24 million payable to the authorities to...
Singapore is a small, vibrant city-state located in Southeast Asia that is divided into three main regions: the Core Central Region (CCR), the Rest of Central Region (RCR), the Outside Central Region (OCR). Each of these regions has its own unique character and attractions, making Singapore a diverse and dynamic place to live. Core Central Region (CCR) The Core Central Region (CCR) is the most...
Property consultants are generally expecting Grade A office rentals in the Central Business District (CBD) to be flattish this year, after this segment posted slower growth in 2019 than in 2018. JLL Singapore's head of research and consultancy, Tay Huey Ying said: "Clouded business prospects and subdued growth in Singapore's economy will provide little impetus for rent growth for the most part of...
Prices of private homes in Singapore are expected to rise by between 1 and 5 per cent this year, analysts say, after clocking a 2.5 per cent gain in 2019. At 2.5 per cent, the price growth moderated from the 7.9 per cent clip in 2018, the Urban Redevelopment Authority's (URA) flash estimate showed. For the fourth quarter of 2019, the overall price index for private homes was up 0.3 per cent - led by...
2019 was a busy year for the Ministry of National Development, with several major announcements related to housing policies. Advertisement Analysts told TODAY that they expect 2020 to be a “quiet year” with few to no policy changes, especially with a General Election around the corner — it has to be called by April 2021. Mr Nicholas Mak, the head of research and consultancy at real estate...
Private home prices in Singapore rose for the third consecutive quarter in 2019, as the Urban Redevelopment Authority's (URA) flash estimate for the fourth quarter of 2019 shows that its overall price index for private homes rose 0.3 per cent over the prior quarter. For 2019 as a whole, prices are up 2.5 per cent, versus the 7.9 per cent rise seen in 2018, according to the URA flash data released on...
The prices of Housing Board (HDB) resale flats rose by 0.4 per cent in the last three months of 2019 as compared with the third quarter, in what was the largest quarter-on-quarter increase last year, latest public housing figures show. Based on flash estimates, there was no change in resale flat prices for the whole of last year, according to HDB, which released the data on Thursday. As for upcoming...
Following the cooling measures in 2018, commercial collective sales surpassed residential en bloc sales by value this year, a trend which is expected to continue into 2020. According to data by JLL, approximately 40 sites were launched for collective sale this year, as at Dec 13. Five sites totalling some S$461 million were sold, of which only one is a wholly residential site - apartment block Sophia...
The Robinson Centre building has been sold to a private fund managed by ARA Asset Management Limited, according to Sakal Real Estate Partners, which managed the transaction. The 20-storey office building at 61 Robinson Road is located in the Central Business District and has a net leasable area of over 130,000 sq ft. When contacted, Sakal said both buyer and seller agreed not to disclose the...
The Housing and Development Board on Monday released two executive condominium (EC) sites, one along Fernvale Lane and the other on Tampines Street 62. Both 99-year leasehold land parcels can yield up to a total of 1,100 residential units. The Fernvale site was launched for sale by public tender, under the confirmed list of the H2 2019 government land sales (GLS) programme. It spans some 17,130...