real-estate

The Urban Redevelopment Authority (URA) granted provisional permission for several residential projects in the second quarter of the year. These include two large projects with well over 1,000 units each on sites sold through recent collective sales. Sim Lian won URA's provisional nod in June to develop a 2,225-unit condo on the Tampines Court site. In the same month, Kingsford Huray Development...

A "rare strata office portfolio" in GB Building at Tanjong Pagar area has been launched for sale via an expression of interest (EOI) exercise, CBRE announced on Wednesday. The portfolio comprises a podium block and four office floors in a 26-storey commercial building located at the junction of McCallum Street and Cecil Street. GB Building is situated close to Amoy Street Food Centre and within...

The real estate industry's business sentiment dived after the latest round of property cooling measures. These findings came from separate quarterly reports released on Tuesday by the Economic Development Board and the Department of Statistics, which looked at business expectations for the second half of the year. Real estate was the only industry within the services sector where firms felt that...

A freehold good class bungalow (GCB) near the Botanic Gardens that was owned by one of Singapore's founding fathers hit the market yesterday with market expectations that it could sell for more than S$100 million. The two-storey bungalow at 81 Dalvey Road, which sits on elevated ground, is owned by the estate of Mr Lim Kim San. He is the first Housing Board chairman and a former executive chairman of...

A property under construction at 21/23 Mohamed Sultan Road in prime District 9, consisting of an eight-storey residential block and adjoining commercial building, has been put up for sale by tender by a privately held investment holding company (owner). The indicative price is about S$30 million, said its sole marketing agent, SRI (Singapore Realtors Inc). Tony Koe, SRI managing director said that...

Mont Botanik Residence is a freehold condominium nestled within close proximity to the lush greenery of Bukit Batok. Host to 108 exclusive units, the residence is designed with the occupant in mind, someone who is looking to escape the hustle and bustle of the fast-paced city, to seeking solace in the tranquillity and serenity of an urban green oasis. The architectural plan features 2 distinct blocks...

Woods Square is the first office space for sale in Woodlands Regional Centre (Singapore’s Northern Gateway), which is being further rejuvenated and developed under the URA’s Master Plan 2014. It is an integrated office development with retail, F&B, and a childcare centre. It will have direct connectivity to the neighbouring Causeway Point mall and Woodlands MRT Station. Future Singapore-JB Rapid...

JTC has launched one site for tender under the 2018 Industrial Government Land Sales (IGLS) programme, the government agency announced in a press statement on Tuesday. The launch is part of the government’s efforts to offer more choices for industrial development, and the site at Woodlands Industrial Park is the first of six confirmed list sites for the second half 2018 IGLS programme. Occupying a...

The halting of an en bloc purchase by Tee Land reflects the turn in sentiment among property developers in Singapore who have begun redoing their sums on the back of the latest cooling measures, industry observers told Channel NewsAsia. This cautious approach is especially the case for smaller players that may not have the same financial muscle as their bigger rivals, they added. However, while the...

A increased supply of retail space will pose a bigger risk to Singapore's retail Reits than online shopping over the next 12 to 18 months. This is according to a sector report released by Moody's Investors Service on Tuesday. Nevertheless, analysts are maintaining their credit profiles on rated Reits (real estate investment trusts) such as CapitaLand Mall Trust (CMT) which is rated "A2 stable", and...