Owners of St Thomas Ville located at 38 St Thomas Walk, are eyeing bids in excess of S$58 million in a collective sale bid. Over 80 per cent of the owners have consented to the sale, said sole marketing agent JLL in a media release on Monday. The freehold 12-storey site just off River Valley Road comprises 23 apartments built on a regular shaped plot. The 11,407-square foot (sq ft) site is zoned...
JTC on Monday said that it has accepted an application to put up an industrial site at Corporation Drive for sale by public tender. The land parcel was made available for application through the Reserve List system under the second half 2018 Industrial Government Land Sales programme. JTC said it had received an application with a committed bid price of at least S$20.7 million. "As the minimum price...
Three plots of prime conservation shophouses located in Little India and Chinatown conservation areas are being offered for sale by expression of interest. The plot in Little India is a block of four adjoining shophouses, while the other plots are two shophouses in Chinatown. Located within Little India along Jalan Besar, the 999-year leasehold block of four shophouses are located directly opposite...
The recent property cooling measures in Singapore has once again diverted the spotlight from the private residential market to the shophouse market. Shophouse clusters can be classified into two main submarkets. Those in the central business district (CBD) are in areas such as Chinatown, Tanjong Pagar, Upper Circular Road and Boat Quay, while the rest are farther out in places like Kampong Glam, Little...
The Windy Heights condominium in Kembangan (Jalan Daud) is having another stab at a collective sale, with owners ready to cut the reserve price to attract buyers in a cooling market. The move comes hot on the heels of a failed bid for the freehold District 14 development that ended in April and tough new property cooling measures that kicked in on July 6 which include a 10-percentage point hike in the...
Google is building a third data centre in Singapore to meet rapid user growth in the region, bringing its total long-term investment in such facilities here to US$850 million (S$1.16 billion). The US$350 million facility will be in Jurong West near its first two centres. Google said the complex, which is expected to come online in 2020, will be built on a plot of land the size of the first and second...
Robinson 77 is on the market for S$725 million, less than two years after a CLSA fund bought the property for S$530.8 million and just over a decade after another CLSA investment vehicle bought and resold the building within a ten-month period. If the deal materialises by year-end at the expected price of more than S$725 million (or S$2,357 psf on net lettable area), this would most likely be the...
Despite lingering uncertainty over the Kuala Lumpur–Singapore High Speed Rail (HSR) project, the Government on Wednesday (Aug 1) proceeded with its acquisition of the land that Raffles Country Club (RCC) sits on. In January 2017, the Government announced that RCC would be the second club after Jurong Country Club to make way for the HSR's facilities. The site will also house the future Cross Island...
The Urban Redevelopment Authority (URA) granted provisional permission for several residential projects in the second quarter of the year. These include two large projects with well over 1,000 units each on sites sold through recent collective sales. Sim Lian won URA's provisional nod in June to develop a 2,225-unit condo on the Tampines Court site. In the same month, Kingsford Huray Development...
A "rare strata office portfolio" in GB Building at Tanjong Pagar area has been launched for sale via an expression of interest (EOI) exercise, CBRE announced on Wednesday. The portfolio comprises a podium block and four office floors in a 26-storey commercial building located at the junction of McCallum Street and Cecil Street. GB Building is situated close to Amoy Street Food Centre and within...
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