real-estate

Marketing agency Knight Frank is pleased to announce that Kemaman Point, a 89-unit residential development located off Balestier Road, has been sold collectively to Soilbuild Group Holdings Ltd for S$143.88 million. The sale price to redevelop the site to a gross plot ratio (GPR) of 2.8 based on the maximum permissible Gross Floor Area (GFA) of approximately 122,711 sq ft, translates to a land price of...

MAY'S firm pick-up in developers' property sales has prompted consultants to predict a take-off in the second half of the year as more new launches come onstream. While the year got off to a slow start - with residential launches lagging that of last year - developers' sales survey by the Urban Redevelopment Authority for May showed developers sold 53 per cent more private homes (1,121 units) than a...

Developer sales of private homes in May rose by more than half over April as the number of new units launched also saw a sizeable increase. The 1,121 private homes, excluding executive condominiums (ECs), that developers moved in May was up by 53.1 per cent from the 732 units in the month before, according to data from URA on Monday. This was the best monthly take-up since developers sold 1,246 new...

Ho Bee Land announced on Sunday that it has acquired a freehold 21-storey Grade A office building in London, by purchasing its owner Frasia Properties Sàrl for £650 million (approximately S$1.16 billion). Registered in Luxembourg, Frasia Properties Sàrl owns the property known as Ropemaker Place, a 21-storey Grade A office building comprising approximately 602,000 square feet of commercial...

Singapore's traditional prime districts 9, 10 and 11 are being challenged in their position as the upper echelons of the private housing market not only by new prime areas such as Marina Bay but also by what List Sotheby's International Realty terms "emerging prime areas" such as Tanjong Pagar and Ophir-Rochor Beach Road area. The firm's analysis of transactions captured by the Urban Redevelopment...

Five land parcels for general agriculture in Lim Chu Kang and Sungei Tengah were put on sale by public tender on Thursday by the Agri-Food and Veterinary Authority (AVA). Of the five, three land parcels may be used to farm food crops, seafood, cattle or goats for dairy milk and/or food frogs, AVA said in a statement. These are located at Neo Tiew Crescent and Sungei Tengah Road. The remaining two...

Oasia Hotel Downtown in Singapore's Tanjong Pagar has been named this year's Best Tall Building Worldwide by the Council on Tall Buildings and Urban Habitat (CTBUH), a global authority on tall buildings and future cities that confers the award annually. The 27-storey skyscraper by developer Far East Organization and designed by award-winning architecture firm Woha features a plant-covered facade of red...

Park House has fetched a record collective sale price of S$2,910 per sq ft per plot ratio, marketing agent CBRE said on Wednesday. The freehold District 10 development at 21 Orchard Boulevard sold for S$375.5 million, translating to S$2,910 psf ppr on the maximum allowable gross floor area of 129,035 sq ft, excluding the 10 per cent bonus for balconies. This new benchmark price beats the previous...

LAKESIDE Apartments is now on the market with a reserve price of S$240 million — the latest to wade into the wave of collective sales here. More than 80 per cent of owners at the 134,176 sq ft site in the Jurong Lake District area have agreed to sell and the collective sale tender was launched on Tuesday. This means each of the owners at the 120-unit development could stand to get S$2 million each....

Homegrown insurance bigwigs Great Eastern and NTUC Income have leased office space at Paya Lebar Quarter (PLQ). According to Business Times, Great Eastern - a listed subsidiary of OCBC, has leased about 125,000 sq ft on four floors of the 13-storey Tower 3 in the project. This is the same tower where SMRT has leased 97,000 sq ft (three levels) and property consulting group CBRE, 31,000 sq ft (one...