In what is a record for asking price of collective sale sites, residents at the Pandan Valley condominium have agreed on a reserve price of S$2.6 billion in another collective sale attempt. Analysts said the 623-unit development’s price tag — set during Saturday’s (Sept 8) second Extraordinary General Meeting (EOGM) which TODAY attended — sets a “new benchmark” in the asking price of...
East Court is the latest development to launch for collective sale on Sept 10. The owners have set a minimum price of $19 million. This will be East Court's first collective sale attempt, says marketing agent OrangeTee & Tie. The eight-unit, freehold apartment development on Koon Seng Road in district 15 sits on a 13,351 sq ft plot that is zoned for residential use, and has a gross plot ratio of 1.4....
The weekend preview of JadeScape, Qingjian Realty’s latest residential project, drew a crowd of 9,000 people to its sales gallery over the two days from Sept 8 to 9. The 22,000 sq ft sales gallery located in Bishan features JadeScape’s smart home and smart estate management features as well as its “Gold Standard” elderly-friendly units that is ideal for multi-generational residential...
Marketing agent CBRE is launching the tender sale of 87 and 88 Amoy Street, a pair of two adjoining prime 4-storey conservation shophouses in the heart of the CBD. Both 87 and 88 Amoy Street have a combined land area of approximately 5,375 square feet, and a total gross floor area of approximately 14,641 square feet. The site is zoned for commercial usage under the Chinatown (Telok Ayer) Conservation...
Bidding counts at two of three state tenders that closed on Tuesday were noticeably subdued, showing developers' sentiment following the latest property cooling measures. Just five bids competed for the plot on Dairy Farm Road and three bids were submitted at Jalan Jurong Kechil, far fewer than the record 24 bids submitted last year for a nearby Toh Tuck Road plot that has since been developed into...
Since the July 6 measures to preempt runaway prices in the Singapore housing market, valuations of real estate stocks have fallen somewhat. But analysts caution against jumping in too quickly, unless the counter is a diversified play. On July 5, the government announced adjustments which saw higher additional buyer's stamp duty (ABSD) and tighter loan-to-value (LTV) limits on residential property...
Development charge (DC) rates for redeveloping land have gone up for commercial and industrial sites, as well as plots slated for non-landed private homes, and hotels and hospitals. Land zoned for non-landed residential use had rates raised by 9.8 per cent on average, the Ministry of National Development (MND) said on Friday - its fifth straight increase, although down sharply from the 22.8 per cent...
The Gazania The Gazania is a private, freehold condominium nestled in 5A How Sun Drive, by SingHaiyi Group. It sits on a 1.4 plot of former Sun Rosier, adjacent to The Lilium. With about 250 units to be on sale, this new enclave sets a new standard of living in District 19. Residents of the new condo can gain access to the rest of the city-state via the Kallang-Paya Lebar Expressway...
The Jovell - where the name was derived from Jovellana Violacea, an unusual rarity from Chile with colorful sprays of happy little flowers! These sprightly blooms appear throughout Spring and represent Happiness and Cheer. The development is lavishly designed with water features around the premise. Every unit faces either a pool or a water feature giving your house the feel of an exotic resort. Location:...
Developer sentiment has dampened significantly following the government’s announcement of new cooling measures, according to a survey conducted by the National University of Singapore (NUS) and the Real Estate Developers’ Association of Singapore (REDAS). Outlook for the prime residential and suburban residential sectors were the hardest hit; office, business park/hi-tech space and hotel/serviced...
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