Rentals for Grade A office buildings in Singapore's Central Business District (CBD) are expected to rise by 8 per cent this year, and 5 per cent in 2020, amid tight supply and high pre-commitments, according to a report by Colliers International. The real estate services and investment management firm also expects new supply in 2019-2021 to average 614,000 sq ft (57,000 sq m) per annum, or 2 per cent of...

Location: Jalan Lempeng (District 5) Tenure: 99 years leasehold Site Area: 633,644.38 sqft Year of Completion: 2023 Total Units: 1,468 Unit Types: 1 bedroom ~ 452 to 710 sqft 2 bedroom ~ 689 to 893 sqft 2 bedroom dual key ~ 670 to 861 sqft 2 + study ~ 742 sqft 3 bedroom ~ 861 to 1,076 sqft 3 bedroom dual key ~ 969 to 1,216 sqft 3 bedroom premium ~ 1,044 to 1,259 sqft 4 bedroom ~ 1,238 to 1,475 sqft 4...

Real estate developer SL Capital's freehold condo Sky Everton, the former Asia Gardens, will be open for booking on Saturday with prices starting from S$1.14 million for a one-bedroom unit. SL Capital is a joint venture between Sustained Land Pte Ltd, Ho Lee Group, Kwong Lee Land and Penjuru Capital Pte Ltd. The District 2, 36-storey single tower condo with 262 units is located at the fringe of...

Owners at the residential and retail complex Beauty World Plaza have launched another tender for a collective sale at a reserve price of S$165 million - unchanged from their previous attempt back in late November 2018. Authorities have also provided for an in-principle approval for redevelopment of the residential component to serviced apartments, following an outline application submitted, said...

Tee Land sold during its preview weekend 15 units out of 48 units at its condo Lattice One, at an average price of around S$1,800 per square foot (psf). That reflects a take-up rate of about 31 per cent. Units sold at the freehold development comprised two-bedroom, two-bedroom plus study and three-bedroom units with floor areas ranging from 50 square metres to 100 square metres, and buyers of these...

The rapid growth in e-commerce demand for retail purchases represents an opportunity for the logistics services market to grow further in Singapore, said Colliers International in a report. The Glimpsing the Road Ahead: Reshaping the Logistics Market report, citing a study by the payments technology company WorldPay, said the e-commerce market in Singapore is tipped to expand 48 per cent to US$7.4...

Sales of private homes by developers in Singapore fell 15.2 per cent in May from a year earlier, according to data released by the Urban Redevelopment Authority (URA) on Monday (Jun 17). Developers sold 952 units last month compared to the 1,122 units sold during the same period the previous year. No new executive condominiums were sold or launched last month. On a month-on-month basis, sales of...

Stealth marketing is going on at 71 Robinson Road, which was last transacted in April 2008 at a then-record price of S$3,125 per square foot. The Business Times understands that an expression-of-interest exercise to find a buyer for the 15-storey office block began without publicity in April, with the appointed marketing agents, CBRE and JLL, approaching a small pool of potential buyers. Submissions...

As prices of Sentosa Cove properties drop to a record low, a condominium unit at a development called Seascape on the resort island was recently sold at a 50 per cent loss. The 2,336 sq ft three-bedroom unit was sold for S$3.1 million on May 23, which is S$3.2 million below its original purchase price of S$6.27 million in 2010, based on information from the Urban Redevelopment Authority’s transaction...

Rents for private non-landed homes were down 0.3 per cent in May from April, while rents for HDB flats rose slightly by 0.1 per cent, according to flash data from real estate portal SRX on Wednesday. The fall in rents for condominiums and private apartments in May followed a 0.5 per cent gain in April, which was adjusted from its initial flash estimate of 0.6 per cent. The core central region saw...