Imagine you've found the perfect hire, only to learn she turned down the job because her daily commute would just be too long. Or you're looking to expand your premises, but since there's no space left in the same building, you’re forced to consider a pricey relocation. These are familiar pain points for Singapore's corporates, especially amid today's talent shortage and the tight office supply in the...
With the disruption posed by e-commerce, retail malls in Singapore are rapidly evolving beyond mere sales to introduce experiential- and activity-based concepts to entice returning customers, said a new paper by real estate consultancy Edmund Tie. While Singapore's GDP (gross domestic product) and household incomes have steadily recovered since the 2009 global financial crisis, rising at a compounded...
International Press Building, an industrial property at 26 Kallang Avenue, has been launched for sale at an indicative price of S$30 million, sole marketing agent Savills Singapore said on Monday. The detached six-storey property, located in the central region of Singapore, occupies a total site area of about 54,000 square feet (sq ft). It has a gross floor area of 134,000 sq ft and a plot ratio of 2.5...
A property agent has been fined S$30,000 and suspended 12 months for being unprofessional and unethical in a property transaction, said the Council for Estate Agencies (CEA) on Monday (Oct 21). This is the highest fine and longest suspension meted out to a property agent, the statutory board said in a media release. PropNex Realty agent Ngu Ping Chuan James Ethan, also known as James Ngu, 39, made...
Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of S$23 million to S$25 million, marketing agent Knight Frank Singapore said on Thursday. The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres (about 4,703 square feet). Under the Urban Redevelopment Authority's 2014 Master Plan, the site is zoned...
Hospitality deals in Singapore reached the highest level recorded on a quarterly basis, hitting S$2.8 billion in the third quarter, according to real estate firm Colliers International’s report on Thursday. This was six times that of the previous quarter and 19 times that of the previous year, and comes on the back of significant transactions such as Bay Hotel, Mandarin Orchard and Crowne Plaza Changi...
A new research by the National University of Singapore (NUS) has found that the type of housing owned by Singaporean parents, along with the city-state's housing policies, can significantly influence the next generation's economic status. According to the study, children from low-income families, defined as those with parents in the bottom 60th percentile nationally, show upward mobility in housing...
Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of S$23 million to S$25 million, marketing agent Knight Frank Singapore said on Thursday. The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres (about 4,703 square feet). Under the Urban Redevelopment Authority's 2014 Master Plan, the site is zoned...
A two-storey conservation good class bungalow (GCB) located at 40 Nassim Road is up for sale via public tender with an indicative price in the region of S$175 million. The property, once occupied by the Royal Embassy of Saudi Arabia, has a total land area of around 58,784 square feet (sq ft). The buyer can redevelop the land to accommodate three GCBs, given that the site has a wide frontage of around...
Developers in Singapore moved 1,270 private homes in September 2019, up 13.1 per cent from the 1,123 units they sold in the previous month and also 36.3 per cent higher than the 932 units sold in September 2018. The latest figure is the best showing in 14 months. The above figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Tuesday based...