Property consultancy Jones Lang LaSalle (JLL) today announced its acquisition of property advisory firm Credo Real Estate. Karamjit Singh, Credo's Managing Director, said he hopes the move will help his company increase market share both locally and overseas. “The key driver behind this deal was the culture and values that we share with Credo; we are a people business and our success is based around...
Credo Real Estate
En-bloc property sales have lost its shine so far this year. A total of nine en-bloc properties have been successfully transacted this year to date. This compares to 29 transactions in the same period last year. Although developers have turned cautious as cooling measures and requirements to build and sell out all the new units in five years start to bite, experts said interest in mixed-use en-bloc...
Novena Ville has been successfully sold in a collective sale exercise for S$131.5 million to property developer Fragrance Group. The sale price works out a land rate of S$1,730 psf per plot ratio. The land area is about 51,092 sq ft, and has a gross plot ratio (GPR) of 1.4 and an allowable height of up to four storeys. There is no development charge is payable for redevelopment. The freehold mixed-use...