It was, in the words of Lynette Leong, CEO of the manager of CapitaLand Commercial Trust (CCT), "the moment we have all been waiting for". CapitaLand, CCT and Mitsubishi Estate on Thursday said that they were redeveloping Golden Shoe Carpark into a mixed-use project for about S$1.82 billion before acquisition costs. The market has been waiting for the announcement since the trust first announced its...
A rare new project in this mature prime district, Martin Modern combines thoughtful modern design and unrivalled accessibility with the privileges of cosmopolitan living at its doorstep, coddled within a lush and spacious botanical park. Martin Modern has devoted 80% of its land area to be artfully developed into a unique botanical garden and arboretum of native flora, forming an enchanting natural park...
CS Land, formerly known as China Sonangol, is in talks with several parties for the sale of 38 unsold units in its flagship project TwentyOne Angullia Park along Orchard Road. One of these parties is understood to be a consortium led by Ben Yeo, former managing director of engineering and property group Guthrie GTS, although a family member declined to "respond to market rumours" when BT tried to...
TWO ultra high net worth foreign property investors in Singapore are expanding their presence here. In the luxury condo market, a Hongkonger and Singapore permanent resident who co-founded a jewellery business in the Special Administrative Region is understood to have picked up a duplex penthouse at Nassim Park Residences for S$21.2 million. The 6,878 square feet penthouse - which has four bedrooms,...
BEING the crème de la crème of the non-landed residential market, homes in the Core Central Region (CCR) are commonly referred to as high-end or luxury homes. According to the Urban Redevelopment Authority (URA), the CCR comprises postal districts 9, 10, 11, Downtown Core and Sentosa. The URA CCR Non-Landed Residential Price Index rose 0.3 per cent quarter on quarter (q-o-q) in Q2 2016, marking a...
The latest addition to Orchard’s dynamic skyline, TwentyOne Angullia Park reinterprets urban tropical living. Designed in the midst of the lush greenery of Orchard Boulevard, each level brings out different vistas of the much beloved district in one prestigious address you could call home. Designed to reinterpret high-rise urban tropical living, Anguilla Park takes a pure, pristine and pragmatic design...
CONDO transactions of S$10 million and above in the January-June period are up sharply from a year ago, marking the strongest showing since the second half of 2013. The strong pick-up was fuelled largely by foreign buying, attractive pricing and a general improvement in property market sentiment in recent months. According to CBRE Research's analysis of URA Realis caveats data, 19 condos were sold for...
A S$4.3 million loss on the sale of a property would be a terrifying prospect for most people. But that eye-watering amount is what the owner of a three-bedroom apartment at The Ritz-Carlton Residences Singapore Cairnhill saw disappear down the sink when the property was sold earlier this year. The seller, a Chinese national who was a permanent resident here, had purchased the unit at S$3,815 per...
Wallich Residence – the residential component of the Tanjong Pagar Centre – a landmark integrated development that sits right above Tanjong Pagar MRT at Peck Seah Street/Choon Guan Street. Wallich Residence units will start at 180m above sea level, peaking at 290m, the highest residences in Singapore when completed. The 181 units of very exclusive and prestigious sky homes will offer...
The private home market in the Republic is in the doldrums, with the prime residential segment especially quiet. However, with a lack of new supply expected in coming years, some analysts have said the prime segment could be the first to benefit from a market recovery. One reason why high-end projects appear to have been hit hardest is the drop in foreign demand, due to measures such as the Additional...
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