CapitaLand Commercial Trust, Singapore's biggest office landlord, is among suitors in talks about a potential acquisition of the Duo office and retail development in the city, people with knowledge of the matter said. The real estate investment trust has been negotiating the purchase of a 39-story office building called Duo Tower, along with the connected Duo Galleria mall, according to the people. The...

Casa Sophia in District 9 has relaunched for collective sale by private treaty on Monday, with a lower asking price of S$30 million. The project first launched with a reserve price of S$36 million or S$1,390 per square foot per plot ratio (psf ppr) in July 2018, shortly after the latest round of property cooling measures was announced. Most of the owners have since agreed to lower the reserve price...

Higher commissions to incentivise property agents may have worked some magic in helping to bolster private property sales numbers in February, which saw 455 homes sold, an increase of 4.4 per cent from January. This was despite the Lunar New Year festive lull and the absence of new launches. A check with property agents suggested that certain projects such as Affinity at Serangoon, Garden Residences and...

Property brokerage PropNex said the increased spate of reissued Options to Purchase (OTPs) are the result of requests by "genuine HDB upgraders" for more time, given additional buyer's stamp duty (ABSD) burdens. Chief executive Ismail Gafoor said in a briefing for the media on Thursday that this is why it has submitted recommendations to the authorities for a remission of the ABSD for HDB upgraders,...

Developers in Singapore sold 455 private homes in February, up 4.4 per cent from the 436 units they moved in January, and 18.5 per cent higher than the 384 units they sold in February a year ago. The figures - which exclude executive condominium (EC) units - were released by the Urban Redevelopment Authority (URA) on Friday, based on its survey of licensed housing developers. This came as 596 private...

Peace Centre/Peace Mansion (PCPM) at 1 Sophia Road has extended its collective sale tender closing date by three weeks on the basis that the property's owners are still awaiting approval from the relevant authorities for a lease top-up, and that developers would require more time to evaluate government land sale (GLS) sites currently available in the market. The tender closing date, previously...

Treasure at Tampines, the 2,203-unit condominium coming up on the site of the former Tampines Court HUDC estate, will be available for preview this Friday, with sales slated to start later this month at an average price of approximately S$1,280 per square foot (psf). Developer Sim Lian Group, which acquired the collective sale site for S$970 million in 2017, said the condominium will be Singapore's...

Co-living company Hmlet has partnered accommodation provider BS Shenton to lease the top 10 floors of luxury condominium Lumiere, in a bid to expand its unit offering in the central business district. This partnership adds 60 beds from Lumiere to Hmlet’s portfolio, bringing its total beds to 1,000 by early June 2019. Yoan Kamalski, CEO and co-founder of Hmlet, said that the company has seen a...

The rental market for non-landed private properties and HDB flats in Singapore remained stagnant in February, with volume in both markets recording a double-digit drop month on month, going by flash estimates from real estate portal SRX on Wednesday. OrangeTee & Tie head of research and consultancy Christine Sun noted that the fall in rental volume could be seasonal, as was similarly observed in 2018,...

Claremont Hotel, a freehold eight-storey development along Serangoon Road, is back on the market for a second time with the seller eyeing offers in excess of S$70 million. The 90-room budget hotel, near the junction of Owen Road, was previously put up for sale back in July 2016 for S$90 million. The property occupies a land area of 4,838 square feet and an estimated gross floor area of 30,591 sq ft....