The iconic Eu Yan Sang Building in Chinatown has been launched for sale with a guide price of S$62.5 million, the property’s exclusive marketing agent JLL said on Monday. Built in 1910, it housed the first traditional Chinese medicine Eu Yan Sang outlet in Singapore set up by its founder Eu Tong Sen. The building was designed by architect Alfred Bidwell from the firm Swan & Maclaren, whose other...

One Pearl Bank, the 99-year leasehold condo by CapitaLand, sold 160 units at an average price of S$2,400 per sq ft (psf) over the launch weekend. That translates to 80 per cent of the 200 units CapitaLand has released during the weekend, and about 20.7 per cent of the development's 774 units in all. The most popular apartment types were the one-bedroom and two-bedroom units, which accounted for 56...

Co-working space provider WeWork is set to take over the lease of the 21-storey HSBC building in Collyer Quay, marking an expansion by the US firm in Asia. WeWork, backed by Japan's SoftBank Group, will lease the building from CapitaLand Commercial Trust (CCT), the Singaporean office landlord said in a statement on Wednesday (Jul 17). The tower, 21 Collyer Quay, will be WeWork's biggest property in...

A row of six adjoining three-storey shophouses along Joo Chiat Road has been put for sale via public tender, real estate services firm CBRE said on Wednesday afternoon. To be sold as a bundle, the conservation shophouses are located at 454, 456, 458, 460, 462, and 464 Joo Chiat Road. They sit on a freehold site of about 7,400 square feet (sq ft) and the total existing built-up area is around 13,000...

CapitaLand Commercial Trust (CCT) will acquire an effective 94.9 per cent interest in the holding companies of a freehold office building in Frankfurt, Germany, from its sponsor CapitaLand and Lum Chang Holdings. The purchase consideration will be 133.4 million euros (S$205.3 million), the manager of the real estate investment trust (Reit) said on Wednesday morning. The property, Main Airport Center...

SUNTEC Reit has expanded its presence in Australia with its latest acquisition of the entire stake in a freehold Grade A office building in Adelaide for A$148.3 million (S$141.4 million). The 12-storey property has an NLA of 282,000 sqft and a committed occupancy of 91.6%. The property at 55 Currie Street has an approximate net lettable area (NLA) of 282,000 sqft and had undergone refurbishment,...

A small District 9 apartment building has broken a more than six-month silence in the residential collective sale market. The five-unit Sophia View was sold in June in Singapore to a private investor. Marketing agent SRI declined to reveal the exact price tag coughed up but said each unit will get about S$2 million. Sophia View, at 108 Sophia Road, is zoned residential and has a plot ratio of...

Singapore Shopping Centre has put itself on the collective sale market with a reserve price of S$255 million. The seven-storey retail and office development, located at 190 Clemenceau Avenue opposite Dhoby Ghaut MRT, spans a land area of 2,449.8 sq m. It is zoned for commercial use under DMP19 with a plot ratio of 4.2+. The development also has a "prominent triple-road frontage onto Clemenceau...

A 30-year leasehold site near Sembawang Park has been put up for tender to pilot a new residential care community concept for persons with dementia. The site at Gibraltar Crescent will be specially designed to provide a safe, home-like environment where residents are assisted to live independently, the Urban Redevelopment Authority (URA) and Ministry of Health (MOH) said in a joint press release on...

A Good Class Bungalow (GCB) at 80 Belmont Road will be auctioned next week in a mortgagee sale with a guide price of S$42 million, property consultancy Knight Frank Singapore said on Tuesday. That works out to a price tag of about S$1,557 per square foot (psf). The auction will be held at 2.30pm on July 23, at the Connection Room on Level 3 of Amara Singapore hotel. The two-storey freehold...