EL Development has signed a memorandum of understanding with Accor for the French hotel chain to manage a new hotel that the Singapore property developer will build in Hill Street. Accor will manage the hotel under its Pullman brand - this will be the first Pullman in Singapore, EL Development managing director Lim Yew Soon told The Business Times in a recent interview. "Singapore is one of the major...
singapore property news
A newly built freehold bungalow in Jervois Hill is being sold for S$41.2 million, which works out to about S$2,729.52 per square foot on land area of 15,094 sq ft. This is a record price in terms of psf on land area for a transaction in a Good Class Bungalow Area – busting the previous high of S$2,350 psf set last year for a bungalow in Cluny Hill near the Botanic Gardens. That deal, which amounted to...
The available options from upcoming property launches in District 19 this year and benchmark pricing may have caused a slow-down in purchases last weekend. Of course, one should not rule out the effect of the school holidays on the subdued take-up rates at the latest property launches. The market may also be finding it hard to digest simultaneous launches of large projects in the same weekend. But...
Knight Frank Singapore has announce today the launch of the sale of Elizabeth Towers by tender. The site is a prime, freehold high-rise residential redevelopment site off Orchard Road. Elizabeth Towers is a private residential estate comprising two residential blocks of 80 apartments and maisonette units ranging from 185 sq m to 417 sq m, and has a site area of 5,046.3 sq m (approx. 54,318 sq ft). The...
Katong Plaza will be launched for collective sale on June 7, 2018 with a S$188 million expected price, sole marketing agent Huttons Asia announced on Tuesday. The expected price translates to S$1,969 per square foot per plot ratio (psf ppr) for the mixed commercial and residential development, after factoring in the payable development charge. The freehold site has a land area of 34,044 square feet...
We analyse if you should invest in a premium city home in the new financial district, such as Marina One Residences, before it is fully completed and prices rocket No other area in Singapore has been attracting as much widespread attention as Marina Bay. The 360-hectare business and financial hub has drawn investors and leading global institutions alike since the Government announced that it will be...
Eight shophouses in Jalan Besar – 593 Serangoon Road, 458 Race Course Road and 1 to 11 Balestier Road, will be put up by the Urban Redevelopment Authority (URA) for conservation status. The conservation of these eight shophouses will complete the cluster of heritage buildings along Serangoon Road, Race Course Road and Tessensohn Road, and add to the rich character and history of the Jalan Besar...
Cushman & Wakefield and PropNex Realty have been appointed as the joint exclusive marketing agents for the sale of the House of Tan Yeok Nee at 101 Penang Road, Singapore (the “Property”) through an expression of interest exercise which will close on 12 July 2018, 3.00 pm. The Property is to be sold at an indicative minimum price of S$93 million. This translates to approximately S$ 1,590 per square...
22 private apartments in 336 RV at 336 River Valley Road (previously known as AA Centre), have been put up for bulk sale by tender. Their indicative price is S$2,200 per square foot to S$2,300 psf, or about S$86 million to S$90 million in total. The property sits on a site area of about 33,757 sq ft. The land is zoned “residential” use with a plot ratio of 2.8 and a height restriction of 10...
The first private residential-cum-retail development that is shaping up in the new Bidadari estate will offer about 680 residential units and close to 28,000 sq m of retail gross floor area. The project, being developed jointly by Singapore Press Holdings (SPH) and Japanese developer Kajima Development, will also be connected to Singapore's first air-conditioned basement bus interchange. Condominium...