CDL, Hong Realty to launch freehold Amber Park condo at average S$2,425 psf

City Developments Limited (CDL) and its joint venture partner, Hong Realty (Private) Limited, will launch freehold 592-unit condominium Amber Park in the East Coast area on May 4. Early-bird prices start from S$1.088 million for a one-bedroom plus study apartment and S$1.608 million for a two-bedroom plus study, to S$3.438 million for a four-bedroom and S$4.98 million for a five-bedroom premium, CDL...

K Hotel in Geylang up for sale with S$25m asking price

K Hotel in Geylang has been launched for sale at an asking price of S$25 million, exclusive marketing agent JLL announced on Thursday. Located in the city fringe, the freehold site occupies a land area of 3,725 square feet, and an estimated gross floor area (GFA) of 12,238 sg ft, equivalent to a gross plot ratio of about 3.29. The eight-storey hotel offers 56 double rooms of 12 square metres each....

Some shop owners resistant as Queensway Shopping Centre gears up for collective sale

A number of shop owners at Queensway Shopping Centre have banded together to resist the proposed collective sale of the 45-year-old development, even as residents at the adjacent housing apartment Queensway Tower seem geared up for a sale. This is the first time the mixed development site - which sits on a land area of about 100,000 sq ft - is being put up for sale, said Ms Suzie Mok, senior director of...

Singaporeans’ share of local home purchases surges in Q1

Singaporeans' deep-seated desire for home ownership has seen them snap up the biggest share of residential properties versus foreigners in a decade. About 79 per cent of private apartments went to Singaporeans in the first quarter of this year, the most since the first three months of 2009, according to property consultants OrangeTee & Tie. The homes were not cheap - the proportion of local purchases...

Oxley inks deal to sell Chevron House for S$1.03b

Property developer Oxley Holdings announced on Tuesday morning that it has signed a deal to sell Chevron House for up to S$1.025 billion, just 16 months after acquiring the prime office building in Raffles Place for S$660 million in December 2017. Oxley said that on April 29, it entered into a sale and purchase agreement with Golden Compass (BVI) for the latter to buy the entire interest in its wholly...

JTC puts 0.83 ha Gul Circle industrial site up for tender

JTC has put up for tender a 0.83 hectare site in Gul Circle (Plot E), its fourth of five confirmed list sites for the first half of the 2019 Industrial Government Land Sales Programme. The site has a lease period of 20 years, with a maximum gross plot ratio of 1.4 and a maximum building height of 24 metres above mean sea level, the government agency said on Tuesday. It is also zoned for Business-2...

Amber Park

Amber Park - be mesmerised by our beautiful architectural design inspired by Mother Nature. Located along Amber Gardens, District 15, Singapore, developed by the joint venture of renowned Singapore-listed developer City Developments Ltd and Hong Realty. Amber Park comprises of 3 Blocks of 21-storey with 592 units, unit mix ranging from 1 bedroom + Study to Penthouse. The development also has a rooftop...

Sim Lim Square up for en bloc sale with S$1.25b reserve price

Sim Lim Square on Rochor Canal Road has been put up for collective sale via public tender at a reserve price of S$1.25 billion on April 29, marketing agent SLP International Property Consultants announced on Monday. The retail strata mall, one of Singapore’s largest IT shopping centres, comprises six floors and two basements, housing 492 commercial units. It sits on a 99-year leasehold site with a...

Mismatch for residential take-up and launches in Q1

Some analysts say this might be a sign that potential buyers are resisting current price levels amid the mid the property cooling measures. According to the Urban Redevelopment Authority's (URA) quarterly figures released on Friday, developers launched 2,989 units, compared to Q4's 1,657 units, but sold 1,838 units, similar to Q4's 1,836 units. Unsold units also rose in the quarter, to 36,839...

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