singapore property market

Two industrial buildings at Ang Mo Kio, Bartley for sale 

Two industrial buildings in Ang Mo Kio and Bartley have been listed for sale. The estimated selling price for the industrial building at 1 Ang Mo Kio Street 63, which will be sold by private treaty, is S$27 million. The indicative price for the other building which is situated off Upper Paya Lebar Road at 21 New Industrial Road, is S$71 million. Ang Mo Kio industrial building 1 Ang Mo Kio Street...

Consortium buys conserved building Golden Mile Complex for S$700 million en bloc

The building will be "sensitively renovated," with special attention made to preserving its major features and unique terraced profile The Golden Mile Complex was sold for S$700 million to a consortium consisting of Perennial Holdings, Sino Land, and Far East Organization, according to Edmund Tie, the complex's sole marketing agent (May 6). This comes after the agency obtained "overwhelming support"...

Verdun House sold for $55.1m to Fragrance Group CEO

At a tender procedure that ended on April 26, 2022, Verdun House, an en bloc site in Farrer Park that is situated at the intersection of Verdun Road and Sam Leong Road, was sold for $55.1 million. The CEO of the Fragrance Group, Mr. James Koh, placed the highest offer. The transaction has the approval of the owners of 15 out of the 16 strata-titled apartments, or 93 percent of the complex. The Strata...

Impact of higher property tax in Singapore

Singapore property tax is due to increase in 2023 and 2024. How will it impact the residential market? On 18 February 2022, Singapore Finance Minister Lawrence Wong said in his 2022 budget speech that property taxes on non-owner-occupied homes, including investment properties, will be raised to 12 to 36 percent over the next two years from the current rates of 10 to 20 percent. Owner-occupied...

Tanglin Shopping Centre sold for S$868 million in 4th collective sale attempt

Savills Singapore, the mall's marketing agent, said on Wednesday that Tanglin Shopping Centre has been sold for S$868 million after its fourth collective sale effort (Feb 23). The building was sold to Pacific Eagle Real Estate, a Singapore-based developer owned by the Tanoto family, who has for over 50 years developed and managed the Royal Golden Eagle group of companies, which produces natural fibers,...

Provide your property agent the right information

The more details you provide to your agent, the faster they can find your dream home or ideal investment Over the years of serving buyers, we notice that buyers who approach their property purchases in an upfront manner, disclosing all of their needs and exactly how much they are willing to pay for those, walk away from their purchases far happier than those who don’t share fully their affordability...

Piccadilly Grand – a long awaited city fringe mixed development is launching soon

What can we expect at the upcoming new launch at Northumberland Road A plum mixed development site in the Farrer Park area was released for sale in October 2020, attracting 10 bids (despite the global Covid-19 pandemic situation) from developers before it was awarded to Maximus Residential SG Pte. Ltd. and Maximus Commercial SG Pte. Ltd.The 99-year leasehold site in Northumberland Road, near Farrer...

Sales of new private homes, resale properties up last year in 2021 despite record prices

Despite new price records, sales of new private residences and resale properties in Singapore increased last year, according to figures released by the Urban Redevelopment Authority on Friday (Jan 28). Developers sold 13,027 private residential units in total in 2021, compared to 9,982 units the previous year. In the secondary market, 19,962 resale properties were sold in 2018, compared to 10,729 in...

Eight exciting new launches to look out for in 2022 and beyond

After a strong 2021 where total transaction volumes for new launch private non-landed properties amounted to 12,574 for the whole year (a 34 per cent increase y-o-y), what are the next highly anticipated new launches for 2022? The Singapore property market had a robust 2021 with private residential transactions at 28,734 units (excluding ECs), a large 57 per cent increase from 2020, when a total 18,295...

Singapore property market in 2021 and trends to watch in 2022

A quick review of how did Singapore property market perform in 2021 and what's ahead in 2022 Singapore private and public housing markets saw a buoyant year in 2021, with prices reaching new peaks and annual sales hitting the highest level in several years. Private home prices jumped 10.6 per cent in 2021, quickening from a 2.2 per cent increase the year before, according to flash estimates from the...

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