Singapore property is likely to retain its lustre as a preferred choice for long-term wealth creation due to the city-state's regional hub status, solid growth prospects and Asians' deep-seated desire to own property. Analysts gave this affirmation as the dust starts to settle on the latest cooling measures which took effect on July 6. The amended rules saw higher Additional Buyer's Stamp Duty (ABSD)...
An associate of OKP Holdings has won the tender for the collective sale of 32-unit Phoenix Heights in Bukit Panjang, the mainboard-listed construction engineering company said on Tuesday. The 25 per cent-owned USB Holdings Pte Ltd bid S$33.1 million for the 99-year leasehold condominium in Phoenix Avenue, with the price reached "after taking into account the prevailing market conditions and market...
OrangeTee & Tie has joined forces with players such as 99.co, Carousell and UOB to launch an app exclusively for its agents to manage property listings across multiple portals, via a single platform. Through Agent App, property agents can create new listings, market their properties, as well as manage and repost existing listings on 99.co, EdgeProp, Carousell and SRX. OrangeTee said that the feature,...
At 8 St Thomas, sophistication and elegance sit in perfect harmony. Artful geometric lines and forms dance in rhythm on the facades of magnificent twin towers, accentuating a quality home with exquisite style. The 2 blocks of 35-storey consists of 250-units. It offers a range of 1, 2 and 3, 4-bedroom, 4-bedroom Dual Key units and 2 penthouses with full condominium facilities including a tennis court,...
Wangz Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of Outram and Tiong Bahru roads, is being sold for S$46 million. This works out to S$1.12 million per room for the six-storey freehold boutique 41-room hotel. It opened in late 2009. The hotel is being sold by Glastech Pte Ltd, controlled by Wang Kwang Yu, his wife Kwee Lee Chien (daughter of Pontiac Land Group founder...
A freehold commercial corner development site with a 40-metre wide dual frontage along Serangoon Road and Petain Road has just been launched for sale via an Expression of Interest (EOI) exercise by exclusive marketing agent, JLL. The corner development site consist of 450 Serangoon Road and 452 Serangoon Road. The site occupies a prominent corner location with a combined land area of 4,984 sf....
A CapitaLand and City Developments Ltd (CDL) tie-up has clinched a commercial and residential site in Sengkang Central. Their winning bid of S$777.78 million works out to S$923.59 per square foot per plot ratio (psf ppr) for the 99-year leasehold site next to Buangkok MRT Station. In a joint release on Thursday evening, CapitaLand and CDL said their joint venture will transform the 3.7-hectare site –...
Private home sales by developers in Singapore surged 55 per cent in July from a year earlier to a 16-month high, boosted by panic buyers who rushed to snap up properties the night before new cooling measures took effect early last month. Excluding executive condominiums (ECs), developers sold 1,724 units in July, compared with 1,112 units in the same month a year earlier, Urban Redevelopment Authority...
More than 1,720 new private homes were sold in July, a 55-per-cent jump compared with the same period last year and almost thrice the number sold in June. These were the latest figures released by the Urban Redevelopment Authority (URA) on Wednesday (Aug 15). The surge was largely due to the last-minute buying frenzy on July 5, when buyers rushed in to snap up residential units to avoid the...
If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million square feet worth of reasons. That figure, equating to 270,000 square metres, is the total saleable area of apartments almost ready to hit the market on the books of City Developments Ltd, the Singapore developer controlled by the family of billionaire Kwek Leng Beng, who handed the keys of his empire this year to son Sherman. The...
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