Private home prices in Singapore rose 7.9 per cent in 2018, compared with a 1.1 per cent increase the previous year, said the Urban Redevelopment Authority (URA) on Friday (Jan 25), confirming flash estimates announced earlier this month. Private home prices fell by 0.1 per cent in the fourth quarter of last year, compared with the 0.5 per cent increase in the third quarter. URA revised its estimates...
Elizabeth Towers, a freehold high-rise residential redevelopment site off Orchard Road, has been launched for sale by tender by marketing agent Knight Frank Singapore. The development with a reserve price of S$610 million, comprises two residential blocks of 80 apartment and maisonette units, sized between 185 square metres (sq m) and 417 sq m. This translates to a land rate of about S$2,416 psf ppr...
Owners of the Sultan Plaza commercial building along Jalan Sultan have launched a public tender for a collective sale with a reserve price of S$380 million. The 99-year leasehold development, which was built in the 1970s sits on 52,471 square feet (sq ft) of land. The maximum permissible gross floor area can be redeveloped to 283,803 sq ft, referenced against the 5.30 gross plot ratio of neighbouring...
Fourth Avenue Residences is a collection of 476 exclusive homes nestled amidst lush greenery and Good Class Bungalow Areas in Prime District 10, surrounded by prestigious schools. From Fourth Avenue Residences, you are connected to the rest of the island via major expressways. Sixth Avenue MRT Station is right at the doorstep of Fourth Avenue Residences. Residents will enjoy a direct covered linkway to the...
Developers did not have a very merry Christmas last month, after sales of new private homes plunged 50 per cent in December from the previous month. Excluding executive condominiums (ECs), developers sold 602 units last month, compared with 1,201 units in November, data released on Tuesday (Jan 15) by the Urban Redevelopment Authority (URA) showed. Including ECs, 605 private homes were sold, down...
Singapore's CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek in a deal valued at S$11 billion that the developer said will create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and...
Rents for Singapore condominiums and private apartments reversed course to notch a small decrease in December, while HDB rents rose after dipping in November, according to a report on Wednesday. Flash estimates from real estate portal SRX Property show rents for non-landed private residential properties fell by 0.2 per cent month on month. Year on year, rents last month were 0.1 per cent higher than...
Resale prices of private non-landed homes in Singapore declined last month after rising in November, flash estimates by real estate portal SRX Property on Tuesday showed. Condominiums and private apartment resale prices fell by 0.8 per cent in December from the previous month. This comes after a 0.3 per cent rise in November, slightly higher than the 0.2 per cent increase earlier estimated by...
HighPoint, an apartment complex located in 30 Mount Elizabeth Road has been listed for collective sale through public tender with a guide price of S$550 million, the marketing agent for the tender CBRE said on Monday. More than 80 per cent of the owners of the building - comprising 57 apartments and two penthouses - have signed the collective sale agreement. The freehold site, located on a cul-de-sac...
The freehold 72-unit Flynn Park, off Pasir Panjang Road, has a minimum price of S$363.8 million. Following the July cooling measures, owners have been collecting signatures to get an 80 per cent mandate to lower the reserve price to S$325 million; they are at 75 per cent now. After factoring in an estimated development charge of about S$24.5 million, the original reserve price translates to S$1,331...
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