The Windy Heights condominium in Kembangan (Jalan Daud) is having another stab at a collective sale, with owners ready to cut the reserve price to attract buyers in a cooling market. The move comes hot on the heels of a failed bid for the freehold District 14 development that ended in April and tough new property cooling measures that kicked in on July 6 which include a 10-percentage point hike in the...
Google is building a third data centre in Singapore to meet rapid user growth in the region, bringing its total long-term investment in such facilities here to US$850 million (S$1.16 billion). The US$350 million facility will be in Jurong West near its first two centres. Google said the complex, which is expected to come online in 2020, will be built on a plot of land the size of the first and second...
Robinson 77 is on the market for S$725 million, less than two years after a CLSA fund bought the property for S$530.8 million and just over a decade after another CLSA investment vehicle bought and resold the building within a ten-month period. If the deal materialises by year-end at the expected price of more than S$725 million (or S$2,357 psf on net lettable area), this would most likely be the...
Despite lingering uncertainty over the Kuala Lumpur–Singapore High Speed Rail (HSR) project, the Government on Wednesday (Aug 1) proceeded with its acquisition of the land that Raffles Country Club (RCC) sits on. In January 2017, the Government announced that RCC would be the second club after Jurong Country Club to make way for the HSR's facilities. The site will also house the future Cross Island...
The Urban Redevelopment Authority (URA) granted provisional permission for several residential projects in the second quarter of the year. These include two large projects with well over 1,000 units each on sites sold through recent collective sales. Sim Lian won URA's provisional nod in June to develop a 2,225-unit condo on the Tampines Court site. In the same month, Kingsford Huray Development...
A "rare strata office portfolio" in GB Building at Tanjong Pagar area has been launched for sale via an expression of interest (EOI) exercise, CBRE announced on Wednesday. The portfolio comprises a podium block and four office floors in a 26-storey commercial building located at the junction of McCallum Street and Cecil Street. GB Building is situated close to Amoy Street Food Centre and within...
The real estate industry's business sentiment dived after the latest round of property cooling measures. These findings came from separate quarterly reports released on Tuesday by the Economic Development Board and the Department of Statistics, which looked at business expectations for the second half of the year. Real estate was the only industry within the services sector where firms felt that...
A freehold good class bungalow (GCB) near the Botanic Gardens that was owned by one of Singapore's founding fathers hit the market yesterday with market expectations that it could sell for more than S$100 million. The two-storey bungalow at 81 Dalvey Road, which sits on elevated ground, is owned by the estate of Mr Lim Kim San. He is the first Housing Board chairman and a former executive chairman of...
A property under construction at 21/23 Mohamed Sultan Road in prime District 9, consisting of an eight-storey residential block and adjoining commercial building, has been put up for sale by tender by a privately held investment holding company (owner). The indicative price is about S$30 million, said its sole marketing agent, SRI (Singapore Realtors Inc). Tony Koe, SRI managing director said that...
Mont Botanik Residence is a freehold condominium nestled within close proximity to the lush greenery of Bukit Batok. Host to 108 exclusive units, the residence is designed with the occupant in mind, someone who is looking to escape the hustle and bustle of the fast-paced city, to seeking solace in the tranquillity and serenity of an urban green oasis. The architectural plan features 2 distinct blocks...
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