real-estate

Developer GuocoLand has sold more than 100 units at its 1,024-unit Sims Urban Oasis condo project at Aljunied since sales began on Feb 14. Some 200 units ranging from one to five-bedroom units were released in the first phase, with selling prices of between S$1,295 and S$1,595 per square foot (psf) (psf), the developer told BT. The nearly 2.4-hectare site fronting Sims Drive, Aljunied Road and the...

8 Hullet is a rare exclusive development nestled amidst the conservation houses of Emerald Hill, sitting over glamorous Orchard Road where luxury, entertainment and style unfolds with every step you take. It strategically located at Singapore's exclusive shopping belt where the modern convenience of dining, entertainment and good schools is balanced with the quaint and private neighbourhood of a national...

Centrium Square is a new mixed-use integrated commercial development in the prime location on Serangoon Road. With its bold vibrant, contemporary design, it offers high specification office spaces and modern medical suites all complemented by attractive shops. Strategically located in the heart of city fringe, it is easily accessible via major roads, expressway and just miinutes walk to Farrer Park MRT...

Brookvale Park, a 160-unit development at Sunset Way, has been sold to Hoi Hup Sunway, a joint venture between Hoi Hup Realty and Sunway Developments for S$530 million. This marks the fourth collective sale sealed under private treaty this week, after their public tenders had earlier closed without a sale being concluded. The latest deal also represents the largest investment by Hoi Hup and Sunway...

The collective sale frenzy sweeping the property market is expected to continue into next year, resulting in an upswing in home prices and transactions as displaced owners look for a new place to live. At least 44 condominiums are expected to go en bloc next year, creating more than 9,000 potential househunters, according to data from property consultancy Cushman & Wakefield. Most of the condominiums...

The collective sale of Vista Park in South Buona Vista Road has been awarded to Oxley Holdings at S$418 million, which works out to about S$1,096 per square foot per plot ratio (psf ppr), inclusive of an estimated S$72 million payable to the state to top up the site's lease to 99 years. The site is zoned for residential use with a 1.4 plot ratio and allowable height of up to five storeys. Vista Park,...

Parkway Mansion has been sold at S$146.99 million to SL Capital (3) Pte Ltd, a consortium led by Sustained Land Pte Ltd. The sale price was 6.5 per cent above the owners' guide price of S$138 million during the tender that was launched on Nov 16. The sale price and an estimated development charge of about S$21 million translate to a land rate of S$1,536 psf per plot ratio. The development charge is...

Another residential development has been launched for a collective sale, this time at 11 Balmoral Road. All owners of the 17-unit freehold development in prime district 10 have given their approval for the sale. The sole marketing agent JLL said that owners are asking for S$75 million, which translates to an estimated land rate of about S$1,761 per sq ft per plot ratio (inclusive of development...

Developer City Developments Limited (CDL) is taking a second bite of the cherry with plans to redevelop Katong condominium Amber Park, which it built in 1986, into a far bigger project. CDL lodged the bid through its Cityzens Development subsidiary and a joint-venture partner from parent Hong Leong Group in an 80:20 pairing. It beat seven other bidders with a $906.7 million offer as the 200-unit estate...

A fresh air of revival seems to have surfaced in Singapore's private residential property market, since the first half of 2017. After more than three years of continuing price declines over 15 quarters, overall private home prices in Singapore are showing gradual signs of bottoming out since the last peak in Q3 2013. Based on the Urban Redevelopment Authority's (URA) Non-Landed Private Residential Price...