The Singapore Land Authority (SLA), Singapore Tourism Board (STB) and Urban Redevelopment Authority (URA) will be appointing an operator for the integrated management of Bugis Village and Bugis Street to enhance the vibrancy of the area, which is popular among locals and tourists. Currently, CapitaLand Commercial Trust Limited (“CCT”) is managing Bugis Village, while Bugis Street Development Pte Ltd...

Attracted by Singapore’s stable political environment and relatively strong office rentals, Hong Kong investors pumped a total of US$1.4 billion into the Republic’s real estate in the first half of 2019. This accounted for more than a quarter of the US$5.2 billion in total outbound real estate investment from Hong Kong during the period, making Singapore the top destination, Cushman & Wakefield...

A conserved two-storey shophouse located at 65 Neil Road is being put up for sale by auction for at least S$8 million, translating to about S$2,800 per square foot (psf) based on a gross floor area of 2,834 sq ft. The shophouse comes with an attic and has a land area of 1,413 sq ft, real estate firm Collier’s International said on Monday. It also has 99-year leasehold tenure with effect from July 4,...

A good class bungalow (GCB) at 7 Chestnut Crescent will be put for sale via auction by its owner next month with an asking price of S$9 million, real estate firm Colliers International said on Monday morning. The freehold property is located within the GCB area in Bukit Panjang. There are 39 clusters in Singapore gazetted for GCBs. The asking price works out to around S$975 per square foot (psf),...

A COUPLE of commercial property deals were sealed recently. Along Cantonment Road, two floors of the 16-storey freehold Southpoint office building are being sold for S$78.4 million or S$2,444 per square foot based on the strata area of 32,076 sq ft. In the Katong area, a pair of freehold adjoining shophouses at the corner of East Coast and Joo Chiat roads, currently leased to German restaurant chain...

Measures such as shorter leases and longer minimum occupancy periods (MOP) might help to mitigate the “lottery effect” of public housing at the Greater Southern Waterfront (GSW), experts said. This follows the announcement by Prime Minister Lee Hsien Loong on Sunday that there are plans to build 9,000 private and public housing units on the site of the current Keppel Club when its lease expires in...

A five-storey intermediate terrace factory at 9 Kaki Bukit Place has been put up for sale by expression of interest for an indicative price of S$5.5 million. This works out to approximately S$420 per square foot (sq ft) based on a gross floor area of 13,110 sq feet, according to sole marketing agent CBRE. No payable land rent or additional buyer’s stamp duty will be imposed on foreigners and companies...

Retail landlord SPH Reit has established a S$1 billion multicurrency debt issuance programme, with part of the proceeds to be potentially used for a possible acquisition. The Reit's manager, SPH Reit Management, is currently conducting due diligence on the potential acquisition. "Discussions about the potential acquisition are still preliminary and there can be no assurance that the acquisition will...

Parklane Shopping Mall has 33 strata retail units located in the first level basement of the mall put up for sale via an expression of interest exercise, with an indicative value of S$55.7 million. This translates to around S$2,200 per square foot (psf) based on a total strata floor area of 2,352 square metres (sq m), real estate services firm Colliers International said on Wednesday. Due to the...

Fifteen strata offices at Peninsula Plaza have been put up for sale via tender with an indicative price of S$17.6 million, said exclusive marketing agent Cushman & Wakefield on Wednesday. That works out to S$2,255 per square foot (psf), with the offices also for sale individually. This is within the price range of recently transacted units at Peninsula Plaza which hit S$2,500 psf earlier in April...