Three families who are unrelated have sold adjacent bungalows collectively at a price of S$37.89 million. The bungalows are located in District 15 Lorong H Telok Kurau. The freehold bungalows are single-storey and together have 24,050 sq ft land area. Taking into account the development charges payable the developer would have to bear land rate of S$1,132 psf ppr. If the 10% balcony bonus is taken...
According to market sources, Allianz is understood to have entered into a lease at ASB Tower, the new development coming up on the former CPF Building site in Robinson Road, at a gross signing rental of around S$11.50 per square foot (psf) a month. The deal is said to reflect a gross effective rent of close to S$10 psf a month after taking into account the rent-free period and other...
The high-end property segment will likely be more affected by the latest round of cooling measures compared with mass-market projects, industry insiders said. Buyers and investors hoping for private home prices to drop sharply due to the measures will not be seeing that happen in the near term, as developers said that they are not going to cut prices massively. Mr Richard Lai, group chief financial...
New laws allowing for Airbnb-style stays are unlikely to come any time soon. The reasons include the "mixed views" given in a recently concluded public consultation and the global trend showing that such short-term stays raise rents and home prices, said Minister for National Development Lawrence Wong in Parliament yesterday. "We are studying the matter carefully," Mr Wong said of an ongoing review...
The Government imposed cooling measures on its property market last week, in a bid to contain what the central bank described as “euphoria” in the sector. Here are three charts showing some of the factors behind the government’s concerns: 1. PRICES Residential property prices have rebounded since the middle of last year, after Singapore reduced a stamp duty on sellers and eased mortgage...
Interest in commercial and industrial property could shoot up as investors look for alternative opportunities following the latest tough new cooling measures for residential real estate, say experts. Retail investors who can afford a higher capital outlay could turn to strata-titled offices and conserved shophouses that are zoned commercial, said Cushman & Wakefield's senior director of research...
Shares of several developers and real estate service groups fell on Friday (July 6), a day after tough property cooling measures were introduced by the authorities. The share price of Oxley Holdings dropped almost 16 per cent to 34 cents, while City Developments’ (CDL) shares closed at S$9.46, down 15.6 per cent. Wing Tai Holdings’ share price fell 6.9 per cent to S$1.89. Propnex and APAC realty...
Knight Frank Singapore, the exclusive marketing agent representing the interests of the owners of Chancery Esquire, has announced the launch of the sale of Chancery Esquire, an exclusive freehold residential redevelopment site along Chancery Lane, by tender. Chancery Esquire is a private residential estate comprising a block of 31 apartment units ranging from 84 sq m to 158 sq m, and has a site area of...
Eleven years after its failed attempt at a collective sale, condominium development Horizon Towers is on the market again at a reserve price of S$1.1 billion. The reserve price translates to S$1,964 per sq ft per plot ratio, and is more than double the S$500 million deal in 2007 with a consortium led by Hotel Properties that eventually fell through. The 99-year leasehold condominium at Leonie Hill...
The Monetary Authority of Singapore (MAS) managing director Ravi Menon has advised developers, home buyers and banks to exercise caution amid “euphoria” in the current property market. Mr Menon said that while the recovery seen over the past few quarters is welcomed, the rise in property prices should be in line with economic fundamentals and not get ahead of income growth. “There is euphoria...
Compare listings
Compare