A freehold residential landed site in Upper East Coast is launched for sale with an asking price of S$26 million, the sole marketing agent - Edmund Tie & Company said on Monday. The land price works out to S$$914 per square foot (sq ft) for the 28,449 sq ft plot in Jalan Haji Salam, which is zoned for three-storey mixed landed housing. Subject to planning approval, it can be redeveloped as any...
Qingjian Realty (South Pacific) Group said that it has sold 300 units at the JadeScape condo as at 2pm Sunday, Sept 23. Sales began on Saturday morning. Interest was balanced across all unit types and the average transacted price is S$1,700 per square foot, it added. Under the first phase of sales, Qingjian Realty has released 480 of the development's 1,206 residential units. The 99-year...
It is in the collective consciousness of Singaporeans that owning property is a big part of being - and getting - rich. For many families in Singapore, investing in property has proven to be a good way to preserve, if not enhance, their wealth and to build up a retirement nest egg. Veteran property consultant Tan Tiong Cheng, president of Knight Frank Asia Pacific, recalls that in the early 1970s, one...
Going by recent government data, demand for one-bedder apartments, typically favoured by investors in the new home sales market, seems to have moderated, and the buying trend seems to have shifted to slightly larger units. According to an analysis of caveats by OrangeTee & Tie, small units below 500 sq ft, usually the size of one-bedders, accounted for 63 units or 11 per cent of new home sales in...
The consortium that developed South Beach Residences is understood to have granted options for the purchase of 10 units over the past fortnight, including the super penthouse which is being sold at S$26 million to a foreigner. This works out to S$3,864 per square foot on the strata area of 6,728 sq ft. The five-bedroom unit spans three levels - 41, 42 and a rooftop with a pool. This is the largest of...
BlackRock real estate fund has acquired seven strata office units in Prudential Tower for about S$130 million from consortium Epic Land. Prudential Tower is a 30-storey Grade A commercial property in the heart of the Central Business District (CBD). John Saunders, head of Asia-Pacific for BlackRock Real Estate, said: “We are delighted to have acquired strata office floors of Prudential Tower in the...
Sentosa Cove, a residential enclave nestled on an island off the coast of Singapore, is quiet at the best of times. On a weekday, its frangipani-lined streets are mostly devoid of life, save the odd domestic helper taking her four-legged charge out for a walk. The stillness, however, belies the real estate shuffling taking place behind the scenes. Property listings here have been rising. But unless...
Yuen Sing Mansion at Nos 6A – 10c Geyland Lorong 13, has been launched for sale by tender by marketing agent JLL. The freehold four-storey development comprises nine apartments built on a regular shaped plot. All the owners have consented to the collective sale and no Strata Titles Board approval would be required. The owners are expecting bids in excess of S$17 million, which reflects about S$779...
Barring unforeseen circumstances, it will take around five years for the market to fully absorb almost 46,000 private residential units that could potentially come onstream by 2020. And as a result of the "sedate" property market, developers are adopting a more "prudent approach" when acquiring land and allocating capital, said Real Estate Developers' Association of Singapore (Redas) president Augustine...
Two freehold condominium developments near the prime Orchard Road district will make another bid at an en bloc sale, Colliers International said on Monday (Sep 17). Grange Heights in St Thomas Walk will be launched for sale at S$820 million, while Cairnhill Astoria will be put on the market for S$196 million. This is the second attempt at a collective sale by Grange Heights owners. Depending on the...
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