real-estate

Golden Mile Complex, a familiar landmark with its eye-catching stepped terraced design, is going en bloc. As 724 owners of 550 units have signed the collective sale agreement – representing 80.83 per cent of the total share value of the development – the required approval of 80 per cent has been met. The notice of the proposed collective sale was dated Aug 3. The neighbouring Golden Mile Tower,...

With less than a third of collective sale sites sold so far this year and no deal inked since property cooling measures took effect more than a month ago, one property analyst has declared the current cycle of en bloc fever to be over. More than 30 collective sale sites have failed to secure a buyer since January, according to data from real estate agencies Huttons Asia, Savills and Colliers. "This...

Rentals for condominiums and private apartments continued to stabilize in July while the more volatile rents for HDB flats reversed direction and rose, with both markets enjoying a pickup in activity, according to SRX yesterday. Flash estimates from SRX real estate portal show rents for non-landed private homes saw no month-on-month change in July after inching down 0.1 per cent in June. Private...

The group chief executive of City Developments Ltd (CDL), Sherman Kwek, says the impact of the property cooling measures rolled out last month will be rather different from that in the 2010-to-early-2013 period. Despite successive rounds of cooling measures being rolled out during those years, private home buyers managed to get round the negativity and continue pushing on, he recalled. Developers...

City Developments Limited’s (CDL) second-quarter net profit soared 79.5 per cent from a year ago, on the back of strong sales. The property developer on Wednesday (Aug 8) posted a net profit of S$204.8 million, up from S$114.1 million in the same period a year ago. The rise came alongside an almost 60 per cent increase in revenue for the quarter to S$1.36 billion, compared with S$854 million last...

Singapore developer CapitaLand's second-quarter net profit rose 4.4 per cent from a year ago to S$605 million, boosted by contributions from newly acquired investment properties in Singapore, China and Germany as well as revaluation gains. These were partially offset by lower portfolio gains and contribution from the group's residential business, CapitaLand said in a statement on Wednesday (Aug 8)...

Singapore's latest round of property curbs are probably enough to cool the market, and may present buying opportunities, the head of the Republic's biggest developer said. "With the recent property curbs, we see new situations, new opportunities arising," CapitaLand chief executive Lim Ming Yan said in a Bloomberg Television interview on Wednesday (Aug 8). The Republic took additional steps to reign...

Imagine the sheer pleasure of living along Orchard Boulevard, one of the world's most coveted and prestigious pieces of real estate, and yet still feel ensconced amidst tropical lushness and you would have just imagined life at 3 Orchard By-The-Park. Located amidst the privileged heart of the island's diplomatic enclave, iconic retail destinations as well as the finest names in luxury hotels, all spread...

Singapore’s office market is in the early stages of a recovery as tapering office supply and strong pre-commitment levels have caused the office vacancy rate to decline, offering landlords higher bargaining power to increase rents. “Office rent is expected to increase by 20 to 25 per cent between 2018 and 2020, of which 12 to 16 per cent is expected in 2018,” said Ms Regina Lim, head of capital...

The Regalia, a freehold condo at 2 River Valley Close, has been put up for public tender. The property has 112 apartments and four penthouses, sits on a site of 63,371 sq ft and commands "prominent corner dual road frontages" of about 150m along River Valley Close and River Valley Road, according to CBRE, the sole marketing agent for the collective sale. The owners have indicated a guide price of...