The collective sale of Vista Park in South Buona Vista Road has been awarded to Oxley Holdings at S$418 million, which works out to about S$1,096 per square foot per plot ratio (psf ppr), inclusive of an estimated S$72 million payable to the state to top up the site's lease to 99 years. The site is zoned for residential use with a 1.4 plot ratio and allowable height of up to five storeys. Vista Park,...
singapore property
Parkway Mansion has been sold at S$146.99 million to SL Capital (3) Pte Ltd, a consortium led by Sustained Land Pte Ltd. The sale price was 6.5 per cent above the owners' guide price of S$138 million during the tender that was launched on Nov 16. The sale price and an estimated development charge of about S$21 million translate to a land rate of S$1,536 psf per plot ratio. The development charge is...
Another residential development has been launched for a collective sale, this time at 11 Balmoral Road. All owners of the 17-unit freehold development in prime district 10 have given their approval for the sale. The sole marketing agent JLL said that owners are asking for S$75 million, which translates to an estimated land rate of about S$1,761 per sq ft per plot ratio (inclusive of development...
Developer City Developments Limited (CDL) is taking a second bite of the cherry with plans to redevelop Katong condominium Amber Park, which it built in 1986, into a far bigger project. CDL lodged the bid through its Cityzens Development subsidiary and a joint-venture partner from parent Hong Leong Group in an 80:20 pairing. It beat seven other bidders with a $906.7 million offer as the 200-unit estate...
A fresh air of revival seems to have surfaced in Singapore's private residential property market, since the first half of 2017. After more than three years of continuing price declines over 15 quarters, overall private home prices in Singapore are showing gradual signs of bottoming out since the last peak in Q3 2013. Based on the Urban Redevelopment Authority's (URA) Non-Landed Private Residential Price...
A new freehold condominium at Leonie Hill, New Futura is a stone throw away from Singapore’s famous Orchard Shopping Belt. With horizontal aluminium fins that sprout from the towers at different levels and with varying widths and lengths, it is an unmistakable and iconic landmark on the skyline of Singapore. Its luxurious, contemporary and eco friendly design represents a revolution in high end...
Located in the heart of Singapore’s 2nd Central Business District (CBD), Vision Exchange possesses the requisite locational advantages and premium specifications that appeals to business users and real estate investors alike. Dubbed the “District of the Future”, Jurong Gateway will drive Singapore's growth into the future economy, and cater to the diverse needs of businesses, residents and...
Designed by world-renowned architect, Ben van Berkel of UNStudio, Ardmore Residence exhilarates, engages and inspires. Rising boldly above Singapore’s premier residential address, Ardmore Park, residential tower redefines the luxury living of an urban home with imagination, privileges and services that are exclusive to its residents. Ardmore Residence comprises 36 storeys of bespoke residences. Every...
It was, in the words of Lynette Leong, CEO of the manager of CapitaLand Commercial Trust (CCT), "the moment we have all been waiting for". CapitaLand, CCT and Mitsubishi Estate on Thursday said that they were redeveloping Golden Shoe Carpark into a mixed-use project for about S$1.82 billion before acquisition costs. The market has been waiting for the announcement since the trust first announced its...
A subsidiary of Malaysian property developer Selangor Dredging has purchased a parcel of prime freehold land in the Orchard area. Champsworth Development, which is 50 per cent owned by Selangor Dredging, paid S$72 million for 1 Draycott Park. This translates to a price of approximately S$1,787 per sq ft per plot ratio, inclusive of development charges for the 17,442 sq ft site. The developer said it was...