Singapore residential-property investment sales have fallen after the latest round of housing curbs put the brakes on en bloc redevelopment deals. Just two redevelopment sales worth S$353 million were completed in the third quarter, down from S$3.8 billion of transactions the previous quarter, according to data compiled by Cushman & Wakefield. That pushed total real estate investment sales down 42...
The sluggish rental market for both private and HDB properties is showing no signs of improving, going by flash data from real estate portal SRX on Wednesday. Rents for condominiums and private apartments in September dipped by 0.4 per cent from the previous month. They were unchanged in August, from an earlier SRX estimate of a 0.1 per cent dip. After falling quite far from their peak and then...
The marketing agent for Tulip Garden, Colliers International, has quashed speculation that the S$906 million collective sale of the Farrer Road project has hit a speed bump. Colliers managing director Tang Wei Leng said: "There is no basis to the market speculation. The Tulip Garden collective sale is proceeding and we are working towards the completion of sale." There was market talk on the sale...
Resale prices of private non-landed homes in Singapore declined for the second straight month in September following the latest round of cooling measures, flash estimates by real estate portal SRX Property on Tuesday showed. Condominiums and private apartment resale prices dipped by 0.2 per cent in September from the previous month. This follows the 0.3 per cent decline in August, which was slightly...
A rare strata portfolio comprising 59 freehold shop units in Ming Arcade is available for sale via an Expression of Interest (EOI) exercise, CBRE the sole marketing agent announced on Monday. The freehold Ming Arcade is a seven-storey strata-titled commercial building with three basement storeys. Completed in the 1980s, it has a total of 88 strata shop units. Offered for sale are 59 strata shop units...
The $362 million en bloc sale of Cairnhill Mansions will proceed due to a settlement that gives the penthouse owner who objected to the sale an extra $867,004.79. This sum is to be borne equally by owners of the other units in the development, the High Court ordered on Thursday afternoon. Mediation between Djie Tjoe Nio, the objector, and the collective sale committee began on Tuesday this week and...
The collective sale of Katong Park Towers has been given the go ahead by the High Court, following some owners' objection to the sale over factors like the method of apportionment. According to Business Times, the order of sale was made for Katong Park Towers following a High Court hearing on Tuesday. A unit of Bukit Sembawang Estates bought the estate for S$345 million in March following a...
Marketing agent CBRE will relaunch the public tender of Faber Garden, located at 2,4,6,8,10 Angklong Lane, off Upper Thomson Road, on 3 October 2018. The sprawling site, situated next to Singapore’s Central Nature Reserve, enjoys tranquil exclusivity yet is conveniently connected to the city centre via the MRT network, major roads and expressways. The upcoming Bright Hill MRT Station (TE7), slated to...
CapitaLand today initiated its ‘office of the future’ strategy aimed at engendering a culture of innovation, promoting talent attraction and retention and optimising cost efficiency for tenants of its office properties. While coworking spaces currently aim to fulfil these objectives, they are typically standalone spaces targeted at a specific pool of tenants. CapitaLand’s ‘office of the future’...
The owner of freehold residential project Three Buckley in the Newton neighbourhood has put the development up for sale by expression of interest with an asking price of S$41 million. The property at 3 Buckley Road is zoned for residential use and may be built up to a gross plot ratio of 1.4 times its land area of 1,444.64 square metres (15,550 square feet). The asking price represents a land rate of...
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