Allgreen Properties and Kerry Properties tie-up that clinched the 99-year leasehold white site next to Pasir Ris MRT station is planning to develop about 480 apartments above three levels of retail space. Its winning bid of nearly S$700 million works out to S$684.48 per square foot per plot ratio (psf ppr), based on a total gross floor area of 1.02 million sq ft. The commercial and residential...

ERA Realty Network has announced a S$1 million startup grant to help offset joining fees for new real estate salespersons joining the industry. With the grant, new agents joining ERA pay a sum of S$100 for administrative and materials fees, instead of the usual amount of S$1,127. This covers the joining fees of S$563.50 per agent - comprising admin fee (S$53.50), registration fee (S$230), compulsory...

Having initially called off the sale of its Mercure and Novotel Hotels on Wednesday, property developer Oxley Holdings announced on Thursday that it has appointed CBRE, Jones Lang LaSalle Property Consultants and JLL Hotels & Hospitality Group as its exclusive agents for the properties. The agents will be tasked with sourcing, marketing, evaluating, negotiating and securing a purchaser for the hotels on...

City Developments Limited (CDL) and its joint venture partners, Hong Leong Holdings Limited and Lea Investments Pte Ltd, started exclusive private previews of Boulevard 88 which are by appointments only. The ultra-high-end Boulevard 88 is the only brand new freehold residential development along Orchard Boulevard in prime district 10. Directly accessible through Orchard Boulevard and Cuscaden...

Eighteen medical suites in SBF Center in the central business district are up for sale or lease, sole marketing agent Knight Frank said on Wednesday. The units range from 678 sq ft to 2,842 sq ft. They are among the 48 medical suites, spread over the third to fifth floors, within the 33-storey mixed development. Knight Frank said the medical suites are well-located to serve a population of about 450,000...

Starhill Global Reit (SGREIT) secured greater visibility over the long-term outlook for two Kuala Lumpur malls after inking fresh master tenancy agreements for the Malaysian properties. In a Singapore Exchange filing on Monday night, the Reit's manager said that it had entered into new conditional agreements for the Starhill Gallery and Lot 10 malls in Bukit Bintang with the current master tenant,...

Sim Lim Square will be put up for collective sale, after securing the requisite agreement of at least 80 per cent of its owners. The mall, located on Rochor Canal Road, will go on sale at S$1.3 billion, its sales committee head Vikas Gupta told TODAY on Wednesday (March 20) evening. He disclosed that 80.82 per cent of owners by share value and 81.43 per cent of owners by strata area voted for the...

Two freehold redevelopment sites located off Lavender Street are up for sale by public tender, with indicative pricing for 2 Cavan Road at S$47.4 million and that for 21 Cavan Road at S$12.6 million, joint marketing agents CBRE and HRL Properties said on Tuesday. 2 Cavan Road has a land area of about 20,100 square feet (sq ft) and houses a part-single-part-three-storey light industrial-cum-warehouse...

Liang Court mall - famous at its peak as a Japanese expat haunt and for the Daimaru department store and supermarket - is expected to be sold to new owners for S$400 million. According to The Business Times, a put-and-call option agreement has been entered into between the owner, an entity linked to PGIM Real Estate, and CapitaLand and City Developments Ltd (CDL). CapitaLand's listed unit Ascott...

Braddell View will be launched for collective sale by public tender on March 27 at a reserve price of S$2.08 billion, after 80 per cent of its owners voted to put the property on the market. The development on Braddell Hill is the largest private residential site here, and was the largest of the 18 former Housing and Urban Development Company (HUDC) estates in Singapore, comprising 918 units of...