Property developers City Developments Ltd (CDL) and Ho Bee Land typically aim to sell off all units in their residential property developments, but in the waterfront housing district of Sentosa Cove, they have been leasing out some units in their respective projects in recent years. This is not by choice, but due to the tough condo sales market in the locale. Transactions have been relatively few at...
Developers in Singapore sold 821 private homes in June, down 13.8 per cent from the 952 units they moved in May, but 25.5 per cent higher than the 654 units they sold in June last year. This came as 670 private homes were launched last month, down from 1,394 units in May as well as the 726 units in June last year. There were only four new projects - Sky Everton, Lattice One, Seraya Residences and...
Foreigners are once again pouring money into Singapore's high-end property market despite hefty levies introduced last year. And it is the Chinese who are leading the return, property brokers say, even though British billionaire James Dyson grabbed headlines this week with the purchase of Singapore's most expensive apartment. Some of the Chinese investors are apparently buying into these luxury homes...
A four-level retail podium and the three lowest office floors designated for a banking hall in a revamp of the former Chevron House have been put up for sale through an expression of interest exercise. The 32-storey property at 30 Raffles Place is being spruced up at a cost of about S$110 million, The Business Times understands. Among other changes, part of basement 2 is being converted from carpark...
71 Robinson Road is all set to change hands and a sale is in the works for this 15-storey office block. It has been reported in the media that Sun Venture, the property investment group is busy conducting exclusive due diligence, for which it has been granted the rights with the aim to purchase this office property. It is being estimated that the price for this acquisition would be around S$2,800 psf...
Applications for Piermont Grand, this year's first executive condominium (EC) launch, will start this coming weekend from July 12 to July 22, with bookings to be conducted on July 27. The 820-unit EC is a project developed by City Developments Limited (CDL) and TID which overlooks My Waterway@Punggol. CDL did not comment on the pricing of the project. The EC offers three-, four- and five-bedroom...
Apartments at One Pearl Bank condominium will go on sale from Jul 20, with prices starting at S$970,000 for studio units. Built on the site of the former Pearl Bank Apartments, which was one of Singapore’s architectural icons, the 99-year leasehold development is expected to be completed by 2023. It comprises 774 units, ranging from studio apartments to penthouses of between 431 sq ft and 2,788 sq...
A sale is in the works for 71 Robinson Road. The Business Times understands that property investment group Sun Venture has been granted exclusive due diligence with a view to buy the 15-storey office block. The pricing is slightly under S$2,800 per square foot of net lettable area (NLA), which would translate to an absolute price in the region of S$660 million. The pricing would reflect a net yield...
Co-working space provider JustCo will open at Manulife Centre in the fourth quarter of 2019, it said on Wednesday. JustCo at Manulife Centre will take up more than 50,000 square feet (sq ft) and occupy two levels of the building, which is at Bras Basah’s Art and Heritage district. The new space is expected to house more than 1,000 members, and will bring JustCo’s portfolio to a total of 33...
Mapletree Industrial Trust (MIT) plans to redevelop a flatted-factory cluster at Kallang Way into a high-tech industrial precinct at a total project cost of about S$263 million, the manager of the mainboard-listed real estate industrial trust (Reit) said. This will be MIT’s largest redevelopment project to date, and is another strategic step in growing its high-tech buildings segment, the manager...