Epic Land has executed a sale and purchase agreement (SPA) to sell six of its wholly-owned subsidiaries, which hold seven strata office units in Prudential Tower, to an unrelated third party. The sale price will be determined based on the net asset value of the sale companies as at the completion date and will take into consideration the value of the properties, which is about S$130.07 million. The...
A 99-year leasehold site for executive condominium (EC) housing development along Anchorvale Crescent has been triggered for launch from the reserve list of the Government Land Sales (GLS) Programme. This follows a successful application by an unnamed developer to bid at least S$255 million for the site at tender. This works out to nearly S$461 per square foot per plot ratio (psf ppr). The...
Far East Organization, which acquired the first six levels of the former AA Centre in River Valley Road in 2013, is buying 27 of the 28 residential units on the upper floors of the freehold 14-storey building. Far East is paying a total of S$124.10 million for the bulk purchase of the 27 units - 23 apartments and four penthouses. This works out an average price of S$2,574 per square foot based on the...
This is inspired by The Daintree Rainforest, an iconic UNESCO World Heritage-listed natural reserve of Queensland, Australia. It is a home that is an enchanted wonderment. Where nature is your playground. An urban oasis graced by continuous flora blooms, greenery, natural rainforest and reserves. Daintree Residence is located within the residential estate of Bukit Timah in the Central Region of Singapore....
A rezoning exercise in the Tiong Bahru estate has sealed the commercial approval status for 28 ground floor properties - including Por Kee Eating House and Nimble Knead Massage - which had previously been classified as residential units. These 28 units had been operating their businesses based on approvals given by agencies over the past decades, and the reclassification in their status as "Residential"...
DBS on Tuesday (July 24) officially launched an online property marketplace, where interested home-buyers and tenants may browse through listings by both agents and owners, as well as make transactions to buy or rent a property or apply for a property loan. It is the bank's third online portal in under a year, following the earlier launch of two other e-marketplaces for cars and electricity which it...
Horizon Towers has extended the closing date for its collective sale tender by more than a month. This following cooling measures that took effect the day after the site had launched for sale on July 5 with a S$1.1 billion reserve price. "The decision was made following feedback from developers that they remain interested in the prime site, but would now require more time to observe and re-assess the...
Freehold residential redevelopment site Sutton Place has been put up for sale by tender with a reserve price of S$268 million, Knight Frank Singapore announced on Monday. A five-storey development comprising 44 apartments, Sutton Place sits on a site area of 8,657.0 sqm (approximately 93,185 sq ft). The site is regular in shape and is elevated away from traffic, overlooking surrounding developments....
A unit of Hong Kong-based developer Wheelock and Co said on Thursday (Jul 19) it had launched an offer for all the shares of Singapore-listed subsidiary Wheelock Properties Singapore at S$2.10 each. Star Attraction, a wholly owned indirect subsidiary of Wheelock and Co, said the voluntary unconditional general offer would allow Wheelock Property shareholders to realise their investment entirely in cash...
The Urban Redevelopment Authority (URA) has commissioned a "more detailed survey" of Singaporeans' views on short-term accommodations, after a public consultation earlier this year yielded mixed results. The survey, to be conducted by a research firm, will complement feedback obtained through the public consultation exercise and meetings with stakeholders, URA said. "We will continue to study the...
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