Singapore's latest round of property curbs are probably enough to cool the market, and may present buying opportunities, the head of the Republic's biggest developer said. "With the recent property curbs, we see new situations, new opportunities arising," CapitaLand chief executive Lim Ming Yan said in a Bloomberg Television interview on Wednesday (Aug 8). The Republic took additional steps to reign...
Singapore’s office market is in the early stages of a recovery as tapering office supply and strong pre-commitment levels have caused the office vacancy rate to decline, offering landlords higher bargaining power to increase rents. “Office rent is expected to increase by 20 to 25 per cent between 2018 and 2020, of which 12 to 16 per cent is expected in 2018,” said Ms Regina Lim, head of capital...
The Regalia, a freehold condo at 2 River Valley Close, has been put up for public tender. The property has 112 apartments and four penthouses, sits on a site of 63,371 sq ft and commands "prominent corner dual road frontages" of about 150m along River Valley Close and River Valley Road, according to CBRE, the sole marketing agent for the collective sale. The owners have indicated a guide price of...
Resale prices of condominiums and private apartments climbed 1 per cent in July from the previous month, as the number of transactions dipped by 2.8 per cent, based on flash estimates from real estate portal SRX Property. Resale prices increased by 12.3 per cent on a year-on-year basis, while transaction volumes went down by 1.5 per cent. Prices have climbed 9 per cent since the beginning of this...
Prospective home owners will now find it easier to apply for home loans with the launch of United Overseas Bank’s (UOB) fully digital home loan system, the bank said on Tuesday (Aug 7). The new system includes the first bank-backed instant property valuation service in Singapore, and matches buyers to bankers via the GetBanker digital service. The service sees UOB partnering with four other...
More than 140 units of The Tre Ver, a new 99-year leasehold condominium in Potong Pasir, were sold within the first three hours of its launch on Saturday. The sales represent over 70 per cent of the 200 units released in Phase 1. The project, designed by Woha Architects, is developed by UVD (Projects), a 50:50 joint venture between UOL group and United Industrial Corporation (UIC). Jesline Goh,...
Owners of St Thomas Ville located at 38 St Thomas Walk, are eyeing bids in excess of S$58 million in a collective sale bid. Over 80 per cent of the owners have consented to the sale, said sole marketing agent JLL in a media release on Monday. The freehold 12-storey site just off River Valley Road comprises 23 apartments built on a regular shaped plot. The 11,407-square foot (sq ft) site is zoned...
JTC on Monday said that it has accepted an application to put up an industrial site at Corporation Drive for sale by public tender. The land parcel was made available for application through the Reserve List system under the second half 2018 Industrial Government Land Sales programme. JTC said it had received an application with a committed bid price of at least S$20.7 million. "As the minimum price...
Three plots of prime conservation shophouses located in Little India and Chinatown conservation areas are being offered for sale by expression of interest. The plot in Little India is a block of four adjoining shophouses, while the other plots are two shophouses in Chinatown. Located within Little India along Jalan Besar, the 999-year leasehold block of four shophouses are located directly opposite...
The recent property cooling measures in Singapore has once again diverted the spotlight from the private residential market to the shophouse market. Shophouse clusters can be classified into two main submarkets. Those in the central business district (CBD) are in areas such as Chinatown, Tanjong Pagar, Upper Circular Road and Boat Quay, while the rest are farther out in places like Kampong Glam, Little...
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