Kampong Bahru Road shophouses up for sale

A pair of freehold two-storey conservation shophouses at 69 and 71 Kampong Bahru Road is up for sale. The shophouses, which come with attics, occupy a land area of 2,343 square feet and have an estimated gross floor area of 5,947 sq ft. It is zoned "commercial" under the Urban Redevelopment Authority's 2014 Master Plan, which means foreigners are eligible to buy the property. In addition, there is...

Developers re-issuing options amid cooling market, launch bonanza

Developers reported that they sold 602 private housing units in December - but the figure has turned out to be distorted because options for two-thirds of them were not exercised by the expiry date. Lapsed options or "returned units" may be gaining pace following the July cooling measures and new launches begin to pile up, some market players say. Typically, the holder of an option-to-purchase (OTP)...

Co-living company Hmlet expanding into Sydney, Australia

Co-living company Hmlet is entering the Australian market. In March, Hmlet will make its debut in Sydney, with the launch of two co-living properties in the inner-city suburbs of Newtown and Marrickville. Plans are underway to expand to Melbourne and Brisbane. Hmlet @ Newtown, which is among the first purpose-built co-living properties in Australia, will accommodate 20 members and will feature a...

Kentish Green and St Thomas Ville try for collective sales again

Kentish Green at 20 Oxford Road has been put up for collective sale with a S$200 million reserve price. Its owners had previously asked for at least S$230 million for the site. Similarly, owners of St Thomas Ville, located along 38 St Thomas Walk, are again eyeing at least S$58 million for the District 9 property. The 23-unit freehold property was up for sale in August 2018, but the tender was called...

Heritage site with the former House of Tan Teng Niah launched for sale

LL has just launched a tender for a commercial site in Little India where a conserved two-storey bungalow, known as the former House of Tan Teng Niah, currently stands. Situated at the fringe of the Central Business District and directly across from Tekka Market, the subject property is part of the core Little India Conservation Area and is conveniently located less than 100 meters from the Little India...

JTC launches tender of Tampines North industrial site

JTC has launched a tender for a site at Tampines North Drive 3 (Plot 2) under the first half of the 2019 Industrial Government Land Sales Programme (IGLS) Programme, it said on Tuesday. The land parcel spans 0.48 hectares and has a gross plot ratio of 2.5 and a tenure of 20 years. It is zoned B2, which means the site may be used by heavy industries that have a greater environmental impact. As the...

Pine Grove a litmus test for developers’ en bloc appetite

After an arduous en bloc journey lasting years, Pine Grove is finally up for collective sale - with an asking price of S$1.86 billion. Given the size of the price tag and scale of the redevelopment - possibly yielding more than 2,000 units - the former HUDC project along Ulu Pandan Road will be a litmus test for developers' appetite for billion-dollar deals. Despite the more cautious mood in the en...

Peace Centre/ Peace Mansion makes 5th attempt at collective sale with S$688m reserve price

The owners of Peace Centre/ Peace Mansion have put the prime mixed development site at 1 Sophia Road up for tender again, with a reserve price of S$688 million, or about S$1,474 per square foot per plot ratio (psf ppr). Peace Centre/ Peace Mansion (PCPM) sits on a 76,617 square feet site, with a gross floor area of slightly over 600,000 sq ft. The property has 32 floors, with Peace Centre being a...

Pine Grove launches collective sale at reserve price of S$1.86b

Pine Grove will launch on Tuesday the long-awaited collective sale for the 660-unit condominium located in the Holland Road cluster at a reserve price of S$1.86 billion. The collective sale's reserve price translates to a land rate of S$1,307 per sq ft per plot ratio (psf ppr), after factoring in differential and lease upgrade premiums payable on a maximum permissible gross floor area of about...

The Florence Residences

The Florence Residence, where the Club Condo lifestyle awaits you. With more facilities than any other residential development in Singapore, life here is always filled with excitement, wonderment, contentment and joy. Located at Kovan with the Kovan and Hougang MRT just minutes away by foot, The Florence Residence is well connected to shopping, dining, good schools and easy access to the rest of the...

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