Land-scarce Singapore has three ways to stretch its land options: going upward, downward and seaward. National Development Minister Lawrence Wong detailed these different ways in a blog post on Wednesday (June 26). "Land is a critical factor in any country's development, more so for a little red dot like Singapore," he wrote. "But through human ingenuity, we can come up with innovative ways to...
The entire 30th floor located in Grade A office building Springleaf Tower is up for sale via an expression of interest exercise, with a guide price of S$29.5 million. This works out to about S$2,746 per square foot (sq ft) based on the strata area of 10,742 sq ft, exclusive marketing agent CBRE said on Wednesday. There will be no additional buyer's stamp duty or seller's stamp duty. Springleaf Tower,...
French hospitality group Accor announced on Tuesday (Jun 25) that a second Raffles hotel will open in Singapore in 2022. The Raffles Sentosa Resort & Spa Singapore will be located on a site adjacent to the existing Sofitel Singapore Sentosa Resort & Spa. Both hotels are managed by Accor. Set in over 100,000 sqm of lush landscaping, the Raffles Sentosa Resort & Spa Singapore will be a villa-only resort,...
Private previews for condominium Cuscaden Reserve in the centre of Orchard Road are expected to start in the third quarter of the year. Singapore luxury property developer SC Global Developments, Hong Kong-listed developers and hotel operators New World Development and Far East Consortium won the tender for the 99-year leasehold site with a joint bid of S$410 million in April last year - a bid which set...
An industrial site at Tuas South Link 3 has been triggered for tender with a minimum bid price of S$2 million, while another plot at Kaki Bukit Road 5 is available for application under the first half of 2019 IGLS (industrial government land sales) programme, JTC announced on Tuesday. A site on the reserve list is triggered for launch if a developer's indicated minimum price in its application is...
A consortium led by Sustained Land has sold nearly 40 per cent or 102 of the total 262 units at the Sky Everton project during its weekend launch. The average price is S$2,550 per square foot for the freehold condominium on the former Asia Gardens site at Everton Road. The project is being marketed by ERA, Huttons and PropNex. Sustained Land executive director Douglas Ong said that of the 102...
A freehold strata office floor at Sim Lim Tower in Jalan Besar has been put up for sale by tender with an asking price of S$15 million, marketing agent Edmund Tie & Company (ET&Co) said on Monday. Located on the 15th storey of the 17-storey building, the property spans the entire floor and has a total area of about 778 square metres (sq m) or 8,374 square feet (sq ft). It offers a 360-degree panoramic...
A corner conservation shophouse on 65 Club Street has been relaunched for sale at an indicative guide price of S$23 million via a public tender exercise. The heritage three-storey building with an attic has a 999-year lease tenure and occupies a land area of 2,083 square feet (sq ft) and a total floor area of 5,640 sq ft, said the exclusive marketing agent JLL on Monday morning. The indicative price...
Three adjoining corner shophouses in the Little India heritage area are up for sale with a reserve price of S$11 million, said its marketing agent Cushman & Wakefield on Monday. The properties, with individual land titles, sit on a combined land area of about 3,870 square feet, and has an estimated total floor area of about 7,771 sq ft. The indicative price of S$11 million works out to be about S$1,415...
Tech hub Sim Lim Square has extended the closing date for its collective sale tender by one month to give prospective bidders more time to explore the possibility of converting the commercial site into a hotel, the property’s marketing agent SLP International told CNA on Monday (Jun 24). The tender, which was meant to close on Monday, will now close at 3pm on Jul 22. Under the Urban Redevelopment...