Kajima Development and Singapore Press Holdings (SPH) are launching The Woodleigh Residences for sale on May 11. The Woodleigh Residences is positioned as a premium integrated development which leverages Japanese design, and is being built above The Woodleigh Mall. It is also connected to Woodleigh MRT Station and an air-conditioned underground bus interchange. The 99-year leasehold property...

Despite lingering concerns about depreciating value and some adverse impact from the latest cooling measures, older HDB flats in Singapore are still in demand, according to a study by property consultancy OrangeTee & Tie. For the first quarter this year, 628 older flats - that is, those that are more than 40 years old - were sold, constituting 13.9 per cent of total resale transactions. This is the...

The twin office blocks of CapitaLand's revamped Funan integrated development has garnered 98 per cent pre-leasing commitment of its total office net lettable area (NLA) of 214,000 square feet (sq ft). The CapitaLand Mall Trust-owned (CMT) Funan secured the pre-leasing commitment of about 210,000 sq ft of its NLA when it got its Temporary Occupation Permit in April. Funan’s office tenants, which...

The ongoing negotiations between the receivers and the buyers of the unfinished Laurel Tree and Sycamore Tree residential projects is a "private matter", the Urban Redevelopment Authority (URA) said. URA said it was informed by the receivers - three partners of KPMG led by Bob Yap - in Feb 2019 that they had been appointed to take over management of the projects from the developers. "The terms and...

Isetan Singapore will not renew the lease for its "loss-making" store at Westgate mall, the company announced in an SGX filing on Monday (May 6) before the market opened. The Japanese department store operator said its lease with JG Trustee (JGT) will expire on Dec 22 this year, after both parties were unable to reach an agreement on the lease renewal terms. "The rationale for the company’s...

Isetan Singapore will not renew the lease for its "loss-making" store at Westgate mall, the company announced in an SGX filing on Monday (May 6) before the market opened. The Japanese department store operator said its lease with JG Trustee (JGT) will expire on Dec 22 this year, after both parties were unable to reach an agreement on the lease renewal terms. "The rationale for the company’s...

A new park will be developed to form a “green lung” in the upcoming Bidadari estate, the Housing and Development Board (HDB) announced on Sunday (May 5). The 10-hectare Bidadari Park will feature a lake, a heritage walk, experiential trails and a play area for children. In designing the park, the team drew inspiration from the fictional Hundred Acre Wood in the Winnie-the-Pooh children’s...

More than 20 households who live in five-room and larger flats sold the tail end of their unit's lease back to the Housing and Development Board (HDB) in the first quarter of this year under the Lease Buyback Scheme (LBS), said the Housing and Development Board (HDB). In response to queries from CNA, the board said it received more than 200 LBS applications from owners of these bigger flats between Jan...

Freehold luxury condominium Amber Park sold 115 units at an average S$2,425 per sq ft (psf) during its launch weekend, just a week after its preview. Some 150 units were launched over the weekend, out of the development's 592 units, said City Developments Limited (CDL) and its sister company Hong Realty on Sunday. "We are very encouraged by the strong take-up at Amber Park's first weekend launch. As...

ARA US Hospitality Trust launched an initial public offering in Singapore on Thursday to raise about US$451 million, for what would be the first new mainboard listing on the local bourse this year. The trust, which owns a portfolio of 38 US hotels, has set an offer price of 88 cents apiece, according to the float prospectus. It has secured commitments for US$116.5 million worth of the shares on offer...