Part of the garden at Eden Hall, the official residence of the British High Commissioner in Singapore, has been launched for sale by public tender by the British government's Foreign & Commonwealth Office. Details of the tender of land - in two adjoining freehold plots of Good-Class Bungalow (GCB) land on Nassim Road - will be announced soon, said CBRE, the sole marketing agent. Subject to final...
Landed Property
The United Kingdom government has put up for sale land around the official residence of the British High Commissioner along Nassim Road, deals that could be worth more than S$72 million. Announcing this in a statement on Monday (Nov 23), sole marketing agent CBRE said the two freehold sites are zoned for Good Class Bungalows (GCBs) - bungalow developments with a minimum plot size of 1,400 square...
Home owners and developers will soon get to enjoy greater flexibility in configuring the interior space of their landed homes, after the Urban Redevelopment Authority (URA) on Wednesday (Feb 11) released a new set of guidelines for landed houses. The new guidelines will come into effect on May 11 to give the industry sufficient notice of the change, said URA. The guidelines adopt an approach where the...
Analysts expect the private landed residential property market to remain fairly muted in 2014, following a 0.1 per cent fall in overall prices last year. Property agency PropNex said the landed homes segment is not likely to see any strong price growth anytime soon. Prices of landed homes have started to correct since 2012, rising 3.4 per cent after two years of double-digit growth. The Total Debt...
Analysts said the sales activity in the landed property market has slowed in recent years as a result of the government's many cooling measures. Property agency HSR Property Consultants said the total number of transactions in the first half of this year was 737, a fall of nearly 49 per cent on-year as of June 14. However, the proportion of buyers with HDB addresses has stayed fairly stable at around...
A 106-year-old bungalow in Holland Road is being put up for tender after being vacant for more than a decade, with a guide rent of S$50,400 a month. The two-storey black and white bungalow at Gallop Road used to be the residence of a French Ambassador, but is now a state building managed by the Singapore Land Authority. The 150,000-square-feet property has four bedrooms, three maid’s rooms and is a...
Wing Tai Holdings Chairman Cheng Wai Keung is selling a good class bungalow near the Botanic Gardens for as much as S$300 million, which would make it a record price for a single residential property in Singapore. The 85,000-square-foot site at 33 Nassim Road includes a two-storey home, swimming pool and tennis court, according to Jones Lang LaSalle, the sole marketing agent. Mr Cheng, 62, is also...
A good class bungalow (GCB) at 8 Chee Hoon Avenue will be auctioned next month and is expected to fetch S$23 million, said marketing agent Savills. With a land area of 15,184 sq ft, the elevated site offers a 37m frontage. It is within close proximity to various amenities like the Botanic Gardens, Cluny Court and Serene Centre, as well as reputable schools. The bungalow will be put under the hammer on 27...
Sales of bungalows at Sentosa Cove have picked up significantly in recent weeks, rebounding from the effects of the additional buyer’s stamp duty (ABSD), reported The Business Times. Owners of around 12 bungalows issued options to potential buyers in the past two months, with interest coming mostly from foreigners, especially China nationals. For instance, two homes on Pearl Island were reportedly sold...
The bar for landed living has been set a notch higher as City Developments Limited (CDL) and joint venture partner Hong Realty (Private) Limited unveiled its latest development, Haus@Serangoon Garden during the weekend. The well-loved Serangoon Gardens residential enclave, long known for its quaint and tranquil surroundings, will house 97 terraces which offer homeowners the things that matter most –...