Inventor of the bagless vacuum cleaner James Dyson is poised to purchase his second luxury property in Singapore, complete with an infinity pool and indoor waterfall, weeks after news broke that he had snapped up the city-state's priciest penthouse. The Straits Times newspaper reported on Friday that the British billionaire had been given approval to buy the plush house - which was marketed at about...

Loss of income from a recently divested property, absence of a one-time recovery of costs for another, plus lower revenue and net property income (NPI) due to a challenging market, dampened results for industrial property owner Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) in its second quarter. Distribution per unit (DPU) shrank to 0.62 Singapore cent from 0.82...

Prices and rentals of industrial space in Singapore continued to remain stable in the second quarter of this year compared with the previous quarter, going by the latest data released by industrial land and infrastructure agency JTC Corp on Thursday. The price index dipped 0.1 per cent, while the rental index inched up 0.1 per cent . Compared with a year ago, the price index was down 0.1 per cent...

While sales of new private homes rose in the second quarter from the same time last year, the private property resale market remained in the doldrums, real estate firm Huttons said in a report on Wednesday (July 24). Between April and June, there were about 2,400 resale transactions, down 50 per cent from the same period a year ago, it said. This was partly because there is a significant gap between...

Property developer Fragrance Group will be launching the sale of its Jervois Treasures condo in prime District 10 on Saturday with prices starting from S$1.37 million for a one-bedroom apartment. Located at Jervois Road in the Tanglin area, the five-storey luxury development has 36 units, comprising one- to three-bedroom units of 506 to 1,432 sq ft. Prices for two-bedroom units start from S$1.64...

Grade A office rents in Singapore’s central business district (CBD) rose for the eighth straight quarter, hitting a 10-year high at S$9.93 per square foot per month (psf pm). This is up 12.6 per cent from a year ago, according to Colliers Research data. Out of the six office micro-markets tracked, rental growth remained the strong in the Beach Road or Bugis area, rising 18 per cent from a year ago,...

A row of four freehold, adjoining conversation shophouses – which caught fire earlier this year – in Geylang have been launched for sale via expression of interest, with a guide price of S$14 million, property consultancy Knight Frank Singapore said on Tuesday. In March, a massive fire broke out early in the morning to fully engulf five of seven double-storey shophouses along the row. The fire...

Lakepoint Condominium near Jurong Lake District, positioned as Singapore's second Central Business District, has been put up for collective sale via tender with a reserve price of S$640 million, its joint marketing agents SLP International Property Consultants and Strata AMC said on Tuesday. The property is a five minute-walk from Lakeside MRT station, and is close to shopping malls such as JEM,...

Cooler Housing and Development Board (HDB) flats could soon be a reality for Singaporeans. At the Urban Sustainability R&D Congress 2019 on Tuesday (Jul 23), HDB signed a Memorandum of Understanding (MoU) with Evonik (SEA) to incorporate the firm's new silicon-based material into the roofing of HDB flats, offering better protection against Singapore’s heat. Initial trials are expected to start in...

With its free coffee, couches and glass partitions, shared workspace startup WeWork has shaken up both office culture and commercial real estate. Brushing aside questions about its business model, the New York outfit shows no signs of slowing down and is now preparing for its Wall Street debut to raise fresh capital. As recently as this month, WeWork was seeking to tap credit markets for US$4 billion...