A rezoning exercise in the Tiong Bahru estate has sealed the commercial approval status for 28 ground floor properties - including Por Kee Eating House and Nimble Knead Massage - which had previously been classified as residential units. These 28 units had been operating their businesses based on approvals given by agencies over the past decades, and the reclassification in their status as "Residential"...
Freehold residential redevelopment site Sutton Place has been put up for sale by tender with a reserve price of S$268 million, Knight Frank Singapore announced on Monday. A five-storey development comprising 44 apartments, Sutton Place sits on a site area of 8,657.0 sqm (approximately 93,185 sq ft). The site is regular in shape and is elevated away from traffic, overlooking surrounding developments....
A unit of Hong Kong-based developer Wheelock and Co said on Thursday (Jul 19) it had launched an offer for all the shares of Singapore-listed subsidiary Wheelock Properties Singapore at S$2.10 each. Star Attraction, a wholly owned indirect subsidiary of Wheelock and Co, said the voluntary unconditional general offer would allow Wheelock Property shareholders to realise their investment entirely in cash...
Lured by discounts offered by developers, thousands of prospective home buyers flocked to the preview of two private property projects over the weekend, in spite of the latest round of property cooling measures introduced barely two weeks ago. On Sunday (July 22), Daintree Residence at Toh Tuck Avenue in Upper Bukit Timah and The Tre Ver in Potong Pasir were jam packed when TODAY visited. More than 200...
Days after the release of Urban Redevelopment Authority’s flash estimates, the Government announced a new round of cooling measures, which caught many in the housing market by surprise. Authorities might have been right in principle to impose these harsh cooling measures, amidst a private property market heating up. The private housing market experienced an inflexion in prices last year after 15...
Eyes will be on Daintree Residence when sale launches on July 28 - the first condominium to do so since the latest round of cooling measures. The pricing has left analysts divided as the Toh Tuck Road condo will likely go in the region of an average of S$1,800 per square foot (psf), according to Neo Keng Hoe, general manager for the developer SP Setia. Previews began last weekend with 3,000 people...
About 3,000 visitors flocked to the opening day preview for private project The Tre Ver in Potong Pasir on Saturday (Jul 21), just two weeks after higher stamp duties and tighter loan limits were introduced. Units at the 729-unit condominium, which will be completed in 2022, are priced from around S$1,400 psf. But even with the tighter loan-to-value limits, homebuyers Channel NewsAsia spoke to were not...
Property in Singapore is expensive, whether you are looking to rent, buy your first HDB or upgrade to a private property. Recently, the government has introduced measures to cool the property market, which are expected to benefit HDB properties and could make private properties more affordable. However, it will still be very difficult for people to upgrade from HDB flats to a condo. Beyond the exorbitant...
British and Malayan Trustees as the trustee of Frasers Commercial Trust (FCOT) has entered into an agreement for the sale of a commercial property at 55 Market Street, in Raffles Place for a sale consideration of S$216.8 million. Manager of the trust, Frasers Commercial Asset Management Ltd, said the transaction is expected to be completed by Aug 31, 2018. The sale consideration of S$216.8 million is...
The Tre Ver is a 729-unit waterfront development located next to the Kallang River, and is poised to benefit from the government’s initiative to transform the river into a lifestyle hub. Designed by the award-winning architects WOHA, it will preserve most of the existing rain trees lining the riverfront, with lush landscaping that blends seamlessly with the waterfront promenade. The Tre Ver is also...
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