More investors pump money into office property as reselling them could reap huge gainsIT WAS probably the most profitable “flip” in the property market. In a deal announced last week, GE Real Estate made a whopping 73 per cent profit on its initial $75-million investment, when it sold Anson House for $129.5 million, a year after purchasing it. The 13-storey building, located at Anson Road, is now...
singapore property
Five blocks of flats in Tiong Bahru have been given a facelift, and they will be rented out to expatriates and foreign students. The rental for the units can cost up to S$4,500 a month. The flats are over 50 years old and are believed to be among the first to be built in Singapore. Katong Hostel successfully won the HDB tender to rent out the 120 available units. It invested S$3 million to renovate...
With the high-end luxury segment leading the residential sector in price increases this year, Singapore developers have been roping in global names to give their projects that extra touch of distinction.A growing number of partnerships are being formed, especially with companies in branded home furnishings. Reflections at Keppel Bay is among the high-end residential projects set to be completed in...
Minority owners say NUS should not follow majority in en bloc sale IT HAS remained silent — and passive — in the protracted saga over the proposed sale of Gillman Heights (picture) to developer CapitaLand for $528 million. But now, the National University of Singapore (NUS) finds fingers pointing at it after the Strata Titles Board (STB) approved the deal on Friday. The biggest faction opposed to...
DEPENDING on which side you are on, it is a case of try and try again, or deja vu, as some residents will testify. Condominium en bloc sales have cooled, due in part to the new Land Titles (Strata) Act that came into force in October, but at least two large developments are getting back into the game. Bayshore Park, on Singapore’s East Coast, is in the process of forming a new sales committee after it...
Design Concept # The iconic architecture of the building is evolved from the idea of a glittering chandelier. The Lumos cradles a central column of sparkling glass “Living Pods”, designed to resemble the jewel like crystals of a chandelier. Units at either side of the “Living Pods” symbolize the crystal plate of the chandelier # Sky Gardens connecting each level (except on Duplexes, where they...
The number of new private homes sold in Singapore rose unexpectedly last month in a traditionally-quiet period, amid volatile market conditions. The Urban Redevelopment Authority (URA) said yesterday that 611 new units were sold last month, up from 590 in October. Developers launched 598 units last month - which is slightly lower than the 629 in October. “The market thought that November would be...
Located at Kitchener Link, it is just 2 minutes stroll walk to Farrer Park MRT. Shopping is also never so easy and convenient with a shopping mall over 700,000sqft right next door! If you wish to be close to nature, you can retreat to a beautiful park in the backyard. Add to that numerous pools and water features, a private bowling alley and a host of other facilities, you will discover City Square...
Amber Residences is made up of a single 21-storey block condominium. This exclusive development has a total of 114 luxurious apartments, of which, 54 are two bedroom units, 36 three bedroom units and 18 four bedroom units with sizes ranging from 1,163 to 2,217 sqft. There are also six penthouses made up of four-, five- and six-bedroom units. The size of each penthouse ranges from 4,133 to 6,717 sqft. The...
As its name describes, the 20-storey Hilltops is situated on the highest point of Cairnhill, standing at 131 metres above sea level. From this commanding vantage point, the development overlooks the surrounding Orchard Road and Cairnhill areas – literally just “down the hill.” Spread over some 1.1 hectares (117,000 sq ft) of prime freehold land, Hilltops occupies almost the entire land area of...