Developer Bukit Sembawang Estates will open the doors to its upmarket condominium at St Thomas Walk to the public this weekend. A private preview of the freehold condo, 8 St Thomas, was held over the past weekend in Singapore and Hong Kong and saw more than 20 units sold at prices averaging over $3,000 per square foot. Eighty five per cent of sales were for one- and two-bedders, and 70 per cent of...
TOP Global's wholly-owned subsidiary Holland V Investment Holdings has exercised an option with Bhajis Holdings and Lawson Investment Holdings to purchase a property in Singapore for S$13 million. The property, along Lorong Mambong, has a total area of about 2,860 square feet with a freehold tenure. A 5 per cent deposit of S$650,000 has been paid and the balance 95 per cent will be paid when the...
According to the National University of Singapore’s (NUS) flash estimates for its Singapore Residential Price Index (SRPI) released on Tuesday, prices of completed non-landed private homes continued to lose momentum in July, declining 0.5 per cent month-on-month after a slower appreciation in June. In June, prices rose 0.7 per cent, down from a positive 1.6 per cent pace in May. The July decline...
The Housing & Development Board (HDB) has launched a White site at Pasir Ris Central for sale by public tender today under the Confirmed List of the 2nd Half 2018 Government Land Sales (GLS) Programme. The site is proposed for a mixed-use development which will comprise a commercial and residential development integrated with a bus interchange, a polyclinic and a town plaza. The site can potentially...
The actual number of Riverfront Residences units sold is lower than previously announced, said KSH Holdings - one of the project developers. The former Rio Casa estate in Hougang has moved "more than 45 per cent" of its 1,472 homes - which works out to at least 662 units - and not 52 per cent, or about 765 homes, as disclosed on Aug 24. Construction and real estate player KSH Holdings, which has a 35...
More properties were auctioned in the first half of the year but the sales value was down markedly on the same period last year due to the lack of big-ticket landed units. Transaction value came in at about $39.6 million, a fall of 11.2 per cent compared with the same six months last year, a Knight Frank report showed. It noted that demand for large quantum properties remained patchy due to the...
Singapore property is likely to retain its lustre as a preferred choice for long-term wealth creation due to the city-state's regional hub status, solid growth prospects and Asians' deep-seated desire to own property. Analysts gave this affirmation as the dust starts to settle on the latest cooling measures which took effect on July 6. The amended rules saw higher Additional Buyer's Stamp Duty (ABSD)...
An associate of OKP Holdings has won the tender for the collective sale of 32-unit Phoenix Heights in Bukit Panjang, the mainboard-listed construction engineering company said on Tuesday. The 25 per cent-owned USB Holdings Pte Ltd bid S$33.1 million for the 99-year leasehold condominium in Phoenix Avenue, with the price reached "after taking into account the prevailing market conditions and market...
OrangeTee & Tie has joined forces with players such as 99.co, Carousell and UOB to launch an app exclusively for its agents to manage property listings across multiple portals, via a single platform. Through Agent App, property agents can create new listings, market their properties, as well as manage and repost existing listings on 99.co, EdgeProp, Carousell and SRX. OrangeTee said that the feature,...
Wangz Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of Outram and Tiong Bahru roads, is being sold for S$46 million. This works out to S$1.12 million per room for the six-storey freehold boutique 41-room hotel. It opened in late 2009. The hotel is being sold by Glastech Pte Ltd, controlled by Wang Kwang Yu, his wife Kwee Lee Chien (daughter of Pontiac Land Group founder...
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