Two commercial shophouses in Kampong Glam and Serangoon Gardens have been put for sale via expression of interest at guide prices of S$6.9 million and S$8.5 million respectively, said sole marketing agent Knight Frank. The 999-year leasehold Kampong Glam property is located at 18 Bali Lane. The two-storey conservation shophouse with attic, which is currently tenanted, has a total built-up area of about...

Riverside Piazza near Clarke Quay will be put up for collective sale via tender at a reserve price of S$198 million on Nov 5, marketing agent Colliers International announced on Monday. The Riverside Piazza comprises 40 apartments and 24 commercial shops, with sizes ranging from 58 sq m to 333 sq m (624 sq ft to 3,584 sq ft). Depending on the size of their unit, each owner could stand to receive between...

216 of the 280 units released for sale at Sengkang Grand Residences were sold at the launch weekend, said co-developers CapitaLand and City Developments Limited (CDL) on Sunday. The units at the 99-year leasehold development were sold at an average price of around S$1,700 per square foot (psf). Sales began on Saturday, a week after its sales gallery opened for viewing. About 93 per cent of the buyers...

Ascendas Real Estate Investment Trust said on Friday (Oct 31) it is buying 30 business parks in the United States and Singapore for about S$1.66 billion from its controlling unit holder CapitaLand. The deal marks Ascendas REIT's entry into the United States, where it is buying 28 business parks located in Raleigh, Portland and San Diego. It plans to fund the acquisition mainly through a S$1.3 billion...

Ascendas Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose by 2.3 per cent to 3.978 Singapore cents for its second quarter to Sept 30 from 3.887 cents a year ago, boosted by overseas acquisitions while taking into account an enlarged number of units in issue. The Reit also called for a trading halt on Friday morning, after it had released its financial results. Gross revenue...

"Sell one property, buy two" has been the sales pitch of numerous property agents in these challenging times. The proposition - sell your HDB flat and use the proceeds for down payments on two condos - has had some home owners and investors hooked, but market watchers are cautioning against it, calling for prudence as it carries some serious risks. Potential buyers are urged to do their sums...

The Urban Redevelopment Authority (URA) has launched a residential site at Irwell Bank Road for sale by public tender, it said on Thursday. The site spans an area of 12,789 square metres (sq m) with a gross floor area of 35,809 sq m. The 99-year leasehold site can yield about 445 residential units, with a maximum building height of 36 storeys. It is located within a well-established residential...

Developer Hong Leong Holdings saw a take-up rate of nearly 50 per cent for the launch weekend of its 564-unit Midwood condominium, with 24 units sold out of 50 released. Hong Leong Holdings' head of sales and marketing Betsy Chng said the developer is "very pleased" with the sales. "While our attractive pricing might be one of the reasons for the strong turnout, we believe that Midwood's location and...

China-based property developer Yanlord Land Group on Friday morning launched fresh mandatory offers for United Engineers (UE), in a deal valuing the latter at S$1.66 billion. Yanlord's wholly-owned subsidiary Yanlord Investment (Singapore) (YIS) is offering to acquire the ordinary and preference shares in the property, engineering and construction group at S$2.60 apiece in cash. This is the same as...

Prices of private residential properties in Singapore continued to climb in the third quarter of 2019, after hitting their highest levels in at least five years in the previous quarter. The private residential property index increased 1.3 per cent to 152.8 points in the third quarter, the latest data from the Urban Redevelopment Authority showed on Friday (Oct 25). In Q2, the index had risen 1.5 per...