Five strata lots for retail and office use spanning seven storeys at 30 Raffles Place have been launched for sale by joint marketing agents JLL and Cushman & Wakefield. The building, formerly known as Chevron House, is undergoing comprehensive asset enhancement initiative (AEI) works, after property developer Oxley Holdings agreed to sell it to Golden Compass, the investment vehicle of US-based real...

A three-storey conservation shophouse located at Chinatown is up for sale via expression of interest with an S$8.5 million indicative price. This works out to S$2,660 per square foot (sq ft) with an estimated gross floor area of 3,196 sq ft, sole marketing agent CBRE said on Monday. Located at 18 Sago Street with a 5.4 metre frontage, the property sits on a land area of around 1,115 sq ft with a...

CapitaLand’s wholly owned lodging business unit, The Ascott Limited (Ascott), is cementing its position as the largest serviced residence operator in Singapore with a record number of openings this year as well as the signing of its first Citadines Connect business hotel in Singapore. Citadines Connect City Centre Singapore, secured under a franchise agreement, will increase Ascott’s total portfolio in...

Property group Top Global has decided to buy 23 freehold commercial strata-titled lots with 43 property addresses in Thong Teck Building for S$170 million. The properties comprise 39 office units and four retail units located within the nine-level Thong Teck Building on 15 Scotts Road, which was built in the mid-1970s and upgraded in 2014. The Business Times (BT) had reported in May that Top Global...

Two new Punggol Build-To-Order (BTO) housing estates will pay tribute to Punggol’s history as a fishing village and to one of Singapore’s earliest zoos, the Housing and Development Board (HDB) announced on Sunday (Sep 1). The 2,724 flats within Punggol Point Crown and Punggol Point Cove will be launched for sale in September, and are expected to be completed by 2024. “Tailored to capitalise on...

SingHaiyi Group’s newly launched Parc Clematis sold 324 of the 465 units released for sale by the end of the launch day on Aug 31. This worked out to an average selling price of about S$1,580 per square foot (psf). The developer said that 48 per cent of the units sold consisted of one-bedroom and various dual-key bedroom units. Situated along Jalan Lempeng at the junction of the Ayer Rajah...

Developer Bukit Sembawang Estates has sold 71 of the 78 homes of its Luxus Hills (Signature Collection) during the preview weekend. 32 homes were sold on Aug 30, the first day of preview, prompting the developer to release the remaining 46 homes for sale. Prices ranged from S$3.058 million to S$4.2 million. 95 per cent of buyers bought homes for their own occupation, while about three quarters of...

Just a few years ago, property agent Evonne Tang remembers flipping through the classified advertisements every morning, painstakingly perusing property listings and circling ones that could potentially interest her clients. However, all this information — and more — is now at her fingertips, thanks to mobile applications provided by property agencies, drastically reducing the time she has to spend...

A sky park is set to be built above the Bukit Timah canal, National Development Minister Lawrence Wong announced on Saturday (Aug 31). Construction works for the first phase of the new park, a 1.4km elevated stretch that runs from the Rail Corridor to Elm Avenue, will start in 2021 and is expected to be completed within two to three years. Advertisement The sky park is part of the National Parks...

Against the backdrop of a challenging macroeconomic environment, the government has announced muted adjustments in development charges (DC). The Ministry of National Development on Friday evening announced that it is raising DC rates for commercial use by 1.7 per cent on average for the period Sept 1, 2019 to Feb 29, 2020. The increase is only a shade of the 9.8 per cent hike for the last revision that...