A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office and retail units of its DUO property development in Singapore, it said late on Monday (Jul 29). The joint venture named M+S Pte Ltd will sell all the shares of its wholly owned subsidiary, Ophir-Rochor Commercial Pte Ltd, worth S$1.575 billion (US$1.15 billion) to Allianz Real...

Apartment development Min Yuan, a 27-unit residential with commercial on its first storey has been put up for sale with an asking price of S$145 million, said exclusive marketing agent CBRE on Monday. Including a payable development charge of around S$19.55 million, the land price works out to about S$2,678 per square foot per plot ratio (psf ppr) for the 999-year leasehold site which spans about 14,629...

Prices of completed private apartments and condominiums in Singapore dipped 0.7 per cent in June from the previous month, falling after two months of gains. The figures are flash estimates released on Monday by the National University of Singapore (NUS) for its Singapore Residential Price Index (SRPI), which tracks prices of completed non-landed private homes. Falls were observed for both apartments...

Freehold condominium Watten Estate will be up for collective sale by public tender on July 30 with a reserve price of S$536 million. This translates to a land rate of S$1,738 per square foot per plot ratio (psf ppr), sole marketing agent Huttons said on Monday. The 104-unit development is located at Shelford Road, and is zoned for residential use with a gross plot ratio of 1.4. It has a sprawling land...

Bookings for Piermont Grand Executive Condominium (EC)–the first and likely sole EC launch this year – commenced on Saturday, 27 July 2019 for eligible buyers. As of 6pm on Sunday, 28 July 2019, 375 units (46%) of 820 units have been snapped up by eligible buyers. This makes Piermont Grand by far the best-selling property launch in 2019. Eligible second-time buyers accounted for about 65% of the units...

Private home prices in Singapore rose unexpectedly in the second quarter to hit their highest level in at least five years, with apartments around the central region and suburbs proving most popular with buyers. The private residential property index increased 1.5 per cent to 150.8 points in the second quarter, beating an initial estimate and reversing two consecutive quarters of decline, data from the...

Rents of office space in the central region of Singapore rose 1.3 per cent in the second quarter of this year over the previous three months. This contrasts with the drop of 0.6 per cent in the first quarter, according to figures from the Urban Redevelopment Authority (URA) released on Friday. URA's price index of office space in the central region rose 0.9 per cent in second quarter 2019, a slower pace...

Rents of retail space in the central region of Singapore declined 1.5 per cent in the second quarter of 2019 over the previous three months, after dipping 0.2 per cent in the first quarter of this year, according to data released by the Urban Redevelopment Authority (URA) on Friday. URA's price index of retail space in the central region rose by 0.4 per cent in the second quarter of 2019 over the...

Singapore's resale public housing market has emerged out of its stupor, with the number of homes exchanging hands rising 29.8 per cent in the second quarter of this year. The prices of resale flats also dipped slightly, falling 0.2 per cent in the three months ending June, the Housing and Development Board (HDB) said on Friday (Jul 26), confirming flash estimates announced at the start of this month....

Singapore’s hotel room rates are expected to rise by 2 per cent in 2020, following “significant” investments into the travel market, according to data from American Express Global Business Travel (GBT) on Friday. Such investments, which includes the multibillion dollar expansions of Changi Airport and Resorts World Sentosa, are expected to increase tourism and the meetings, incentives,...