Rents for condominiums and private apartments rose 1.9 per cent month on month in January, with HDB rents also stronger, edging up 0.3 per cent, according to flash figures from real estate portal SRX Property on Wednesday. SRX also revised its flash estimate of a 0.2 per cent fall in rents in December to a 0.2 per cent rise. According to its estimates, January's rise in non-landed private...
Private home prices in Singapore eased by 0.1 per cent in the fourth quarter of last year, after inching up 0.5 per cent the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday. This marked a 7.9 per cent increase in the private property price index for the whole of 2018, as compared to the 1.1 per cent increase in 2017. The Q4 statistics released were in...
Private home prices in Singapore rose 7.9 per cent in 2018, compared with a 1.1 per cent increase the previous year, said the Urban Redevelopment Authority (URA) on Friday (Jan 25), confirming flash estimates announced earlier this month. Private home prices fell by 0.1 per cent in the fourth quarter of last year, compared with the 0.5 per cent increase in the third quarter. URA revised its estimates...
Elizabeth Towers, a freehold high-rise residential redevelopment site off Orchard Road, has been launched for sale by tender by marketing agent Knight Frank Singapore. The development with a reserve price of S$610 million, comprises two residential blocks of 80 apartment and maisonette units, sized between 185 square metres (sq m) and 417 sq m. This translates to a land rate of about S$2,416 psf ppr...
Owners of the Sultan Plaza commercial building along Jalan Sultan have launched a public tender for a collective sale with a reserve price of S$380 million. The 99-year leasehold development, which was built in the 1970s sits on 52,471 square feet (sq ft) of land. The maximum permissible gross floor area can be redeveloped to 283,803 sq ft, referenced against the 5.30 gross plot ratio of neighbouring...
Singapore's CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek in a deal valued at S$11 billion that the developer said will create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and...
Resale prices of private non-landed homes in Singapore declined last month after rising in November, flash estimates by real estate portal SRX Property on Tuesday showed. Condominiums and private apartment resale prices fell by 0.8 per cent in December from the previous month. This comes after a 0.3 per cent rise in November, slightly higher than the 0.2 per cent increase earlier estimated by...
HighPoint, an apartment complex located in 30 Mount Elizabeth Road has been listed for collective sale through public tender with a guide price of S$550 million, the marketing agent for the tender CBRE said on Monday. More than 80 per cent of the owners of the building - comprising 57 apartments and two penthouses - have signed the collective sale agreement. The freehold site, located on a cul-de-sac...
The freehold 72-unit Flynn Park, off Pasir Panjang Road, has a minimum price of S$363.8 million. Following the July cooling measures, owners have been collecting signatures to get an 80 per cent mandate to lower the reserve price to S$325 million; they are at 75 per cent now. After factoring in an estimated development charge of about S$24.5 million, the original reserve price translates to S$1,331...
Private home prices may have risen by close to 8 per cent last year according to flash estimates from the Urban Redevelopment Authority (URA), but analysts say that this increase will not be sustained in 2019. Private home prices in Singapore rose 7.9 per cent in 2018, said the URA on Wednesday (Jan 2), a 6.8 percentage point increase from the year before. However, the growth appeared to have slowed...
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