British billionaire James Dyson, inventor of the bagless vacuum cleaner, has bought the most expensive apartment in Singapore, where his company plans to build an electric car. The three-story "super penthouse" at the top of Singapore's tallest building was reportedly sold for S$73.8 million. Accessed by its own lift, the 21,000 sq ft apartment once valued at S$100 million has five bedrooms, a...

Datapulse Technology will acquire a 5 per cent stake in Bay Hotel Singapore for about S$12.1 million, the disc producer said in a Singapore Exchange filing on Monday night. Its wholly owned subsidiary, Datapulse Investment Pte Ltd (DIPL), has formed a consortium with PAM Holdings I (BVI) Ltd to purchase the hotel from Fiesta Development Pte Ltd and Bay Hotel & Resort Pte Ltd for S$235 million. DIPL...

Singapore's condo resale prices were down 0.4 per cent in June from its May peak, breaking an upward trend that had lasted four months, according to monthly flash figures from real estate portal SRX Property released on Tuesday. The decline in June follows a 0.4 per cent gain in May. Prices in the core central region (CCR) saw the biggest decline, down 0.7 per cent, while prices for outside central...

Hoa Nam Building, a freehold mixed-development at 27 Foch Road in the Jalan Besar/Lavender Street locale, has been put up for collective sale with an asking price of S$160 million. Marketing agent Huttons Asia said that this works out to S$1,866 per square foot based on the building's existing gross floor area (GFA) of 85,744 sq ft. This is 4.0133 times the site area of 21,365 sq ft - exceeding the...

There were fewer Housing Board resale flats sold in June compared with May, while prices inched up slightly. Flash estimates from real estate portal SRX released on Thursday revealed that 1,895 HDB resale flats changed hands in June, an 8.7 per cent decrease from the 2,076 units in May. The resale volume in June was also 4.8 per cent lower than the 1,991 units sold in the same month last...

Singapore's CapitaLand will combine Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTRUST) to form the largest hospitality trust in the Asia-Pacific region, it was announced on Wednesday (Jul 3). The proposed combination will result in the combined entity becoming the eighth largest hospitality trust globally, with an asset value of S$7.6 billion, the two trusts announced in a...

In a move to enable Singapore real estate investment trusts (S-Reits) to better compete against private capital and foreign Reits when making real estate acquisitions, the Monetary Authority of Singapore (MAS) is considering raising their current leverage limit of 45 per cent. Leverage, defined as the debt-to-asset ratio, measures how well-capitalised a company is. The central bank on Tuesday...

A state tender for a 99-year leasehold private housing site along Clementi Avenue 1 has attracted five bids. Units of UOL Group and United Industrial Corporation (UIC) teamed up to place the top bid of S$491.3 million, which works out to S$788.31 per square foot per plot ratio (psf ppr). The second-highest bid came from MCL Land's Vesta SG Residences - it bid slightly more than S$471 million or...

Private properties prices in Singapore rose by 1.3 per cent in the second quarter of 2019 - catching market watchers by surprise. The rise erases the declines that had set in after Q3 last year. Based on the Urban Redevelopment Authority's (URA) flash estimate on Monday, the private property price index for Q2 would be the highest since the first quarter of 2014. Several analysts believe Q2's...

Strategically located in the highly sought-after Handy Road residential area in District 9, Haus on Handy is just a two minutes’ walk to the Dhoby Ghaut MRT interchange for the North-South, North-East and Circle Lines. Haus on Handy is close to Plaza Singapura shopping mall and a host of cafes, restaurants, parks and entertainment facilities such as cinemas, concert halls and art galleries. Several...