Elizabeth Towers, a freehold high-rise residential redevelopment site off Orchard Road, has been launched for sale by tender by marketing agent Knight Frank Singapore. The development with a reserve price of S$610 million, comprises two residential blocks of 80 apartment and maisonette units, sized between 185 square metres (sq m) and 417 sq m. This translates to a land rate of about S$2,416 psf ppr...

A freehold six-storey commercial building in 291 Serangoon Road is being relaunched for sale at a lower price of between S$46 million and S$49 million. The property was previously put up for sale last September with a guide price of S$52 million. Upon the close of the Expression of Interest (EOI), a few offers that fell short of the owner’s expectations were received, said marketing agent JLL. The...

Owners of the Sultan Plaza commercial building along Jalan Sultan have launched a public tender for a collective sale with a reserve price of S$380 million. The 99-year leasehold development, which was built in the 1970s sits on 52,471 square feet (sq ft) of land. The maximum permissible gross floor area can be redeveloped to 283,803 sq ft, referenced against the 5.30 gross plot ratio of neighbouring...

Google is planning to expand in Singapore, going by market talk that it plans to boost its real estate footprint on the island. The tech giant is understood to be in advanced talks to lease close to 400,000 sq ft at Alexandra Technopark, which is next to Mapletree Business City II, where Google occupies about 500,000 sq ft. Market watchers note that Mapletree Business City II, which has a total net...

Serviced residence Ascott Raffles Place Singapore, which is housed within a restored 1950s heritage building, is set to be sold off for S$353.3 million by Ascott Residence Trust (Ascott Reit). The sale price is 64.3 per cent above the property’s latest valuation of S$215 million as at Dec 31, 2018, Ascott Reit said in a stock exchange filing on Wednesday (Jan 9). It said that the buyer is an...

The owners of Newton Lodge, a 16-unit apartment block at Newton Road, have put their freehold 21,409 square foot site up for tender at a minimum price of S$44 million. This translates to a land rate of S$1,468 per sq ft per plot ratio (psf ppr) at a 1.4 gross plot ratio, said the property's sole marketing agent JLL. Factoring in an additional 8 per cent bonus gross floor area for balconies and communal...

State tenders for three sites closed on Tuesday, Jan 15, 2019. Based on provisional results released, a premium hotel site along Club Street in the Central Business District drew eight bids. The highest bid, from Midtown Development (which is part of the Worldwide Hotels Group that also includes Hotel 81), was S$562.2 million, which works out to S$2,148.50 per square foot per plot ratio (psf ppr). A...

It will be big, but would it be beautiful? CapitaLand's S$11 billion proposed acquisition of from Temasek Holdings will place it among the top 10 real estate investment managers globally. It would not just elevate its global profile significantly but also result in a sizeable expansion and diversification. Assets under management (AUM) will hit S$116 billion across more than 30 countries from the...

Fourth Avenue Residences is a collection of 476 exclusive homes nestled amidst lush greenery and Good Class Bungalow Areas in Prime District 10, surrounded by prestigious schools. From Fourth Avenue Residences, you are connected to the rest of the island via major expressways. Sixth Avenue MRT Station is right at the doorstep of Fourth Avenue Residences. Residents will enjoy a direct covered linkway to the...

About 900 HDB flat buyers cancelled their BTO flat bookings last year said National Development Minister Lawrence Wong in Parliament on Tuesday (Jan 15). Responding to a question from Member of Parliament Ang Wei Neng, Mr Wong revealed that 25 per cent of these flats were 2-room Flexi or similar flats, 15 per cent were 3-room flats, 38 per cent were 4-room flats and 22 per cent were 5-room flats. He...