Singapore's property market faces “potential downside risks” from a large supply of unsold units in the medium term and an uncertain economy, said the Monetary Authority of Singapore (MAS) on Thursday (Nov 28). In its annual Financial Stability Review, the central bank urged prospective buyers, especially households that are highly-leveraged, to be mindful of risks and remain prudent. Property...

A 35-year-old woman living at Pacific Mansion condominium tried to bribe two security guards at the River Valley development into keeping quiet about her Airbnb guests. Li Yilin was sentenced on Thursday (Nov 28) to one week's jail for corruption. Li, a tenant at the condominium, had sublet her rental apartment to a group of tourists for five days and four nights via Airbnb, the Corrupt Practices...

Dyson will be moving its global headquarters to St James Power Station in Singapore, the British technology firm said on Thursday (Nov 28). "The historic St James Power Station will be a most inspiring backdrop for Dyson’s people," Dyson's chief executive Jim Rowan told CNA. "It will be a hive for our research and development endeavours, as we focus on great technology breakthroughs." This...

Selected units of One Holland Village Residences, developed by Far East Organization, Sekisui House and Sino Group, will go on sale on Saturday. It will offer apartments across three buildings - the 34-storey Sereen, the 28-storey Quincy Private Residences, and the three-storey Leven with a roof terrace. These will be priced from S$2,400 to S$3,500 per square foot (psf) across the three types of...

The Urban Redevelopment Authority (URA) has launched two residential sites (Parcels A and B) at Canberra Drive for sale by public tender under the confirmed list of the second half 2019. The adjacent land parcels, both with 99-year leases, can potentially yield about a total of 675 residential units, the URA said on Thursday. Parcel A spans an area of 13,315.3 square metres (sq m) with a maximum...

JTC has launched a Woodlands Industrial Park site for tender under the second half of its 2019 Industrial Government Land Sales (IGLS) programme. Woodlands Industrial Park E7/E8 has a 20-year tenure and a site area of 0.77 hectare. It is zoned B2 for industrial purposes and has a 2.5 gross plot ratio. The site is the third of four confirmed list sites for the second half of the 2019 IGLS...

A bid to put the iconic Queensway Shopping Centre on the market has fallen through after a lukewarm response from owners — much to the relief of some shopkeepers. Savills Singapore, the marketing agent of the 43-year-old freehold development, confirmed on Tuesday (Nov 26) that the proposed en-bloc sale is off the table. The adjoining Queensway Tower, a residential block, was also part of the...

Victory Point, comprising a two-storey conservation shophouse with an attic and a six-storey rear apartment block, has been launched for sale at an indicative price of S$14.7 million. The indicative price for the mixed-use development, held under a single title, translates to about S$1,390 per square foot (psf) based on the estimated gross floor area (GFA) of 10,609 square feet (sq ft), exclusive...

The year has seen some high-profile transactions in the Good Class Bungalow (GCB) market but the total volume and value of deals done seem to be lagging the exceptionally high base last year. Property agents attribute this to the uncertain business climate. An analysis of URA Realis data by List Sotheby's International Realty (List SIR) shows that so far this year, 34 deals totalling S$645.7 million...

The public preview of Urban Treasures, the newest residential project by Fragrance Group, will take place on Saturday at 10am. The freehold condominium along Jalan Eunos in District 14 comprises two 12-storey buildings with 237 apartments. Indicative prices begin at S$845,000 for a one-bedroom unit spanning 452 square feet (sq ft), which works out to about S$1,869 per square foot (psf). A...