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Former HUDC estate Serangoon Ville sold en bloc

27 July 2017

Privatised HUDC estate Serangoon Ville in Serangoon North Avenue 1 has been sold to an Oxley Holdings-led consortium for $499 million. The buyer, joint venture firm Oxley Serangoon, comprises partners including Oxley Holdings, Lian Beng Group, Apricot Capital and entities of KSH Holdings and Heeton Holdings.

The consortium also has to pay $195 million in estimated charges to top up the lease to 99 years and intensify the land use.

Sitting on a 296,913 sq ft triangular-shaped plot, it was privatised in 2014 and has 69 years of its lease left. It is near the Australian International School and the popular Rosyth School.

Read Full Article at http://www.straitstimes.com/business/property/former-hudc-estate-serangoon-ville-sold-en-bloc-for-499-million

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Penthouse at Gramercy Park sold for $17 mil

21 July 2017

A freehold, 5,533 sq ft penthouse at Gramercy Park in prime District 10 fetched the highest sale price of $17 million ($3,073 psf).

Located in the South Tower, the property is one of 4 penthouses in the 170,000 sq ft Gramercy Park, and the second penthouse in the development sold so far.

The 174-unit freehold luxury condominium was developed by listed property giant City Developments (CDL) and comprises 2 towers with 87 units each. The project obtained its Temporary Occupation Permit last year.

Units in North Tower were sold at an average of $2,600 psf, and so far 86% of the units have been snapped up. All the 2-bedroom- plus-study units have been sold. Phase 2 of Gramercy Park, 47% of the units in the South Tower have been sold, at a higher average price of $2,800 psf.

Read Full Article at https://www.theedgeproperty.com.sg/content/penthouse-gramercy-park-sold-17-mil

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Chinese developer Qingjian plants flag in Bukit Batok

24 July 2017

Developed by Qingjian Realty, this is the 1st mixed-use development, Le Quest in Bukit Batok and the 1st launch there in a long time.

Located beside the Dulwich College international school, the property’s residential component comprises 516 studio and 1- to 4-bedroom units spread across 5 blocks. Unit sizes range from 431 sq ft to 1,528 sq ft.

Indicative prices start from $588,000 for a studio, $648,000 for a 1-bedder, $758,000 for a 2-bedder, $990,000 for a 3-bedder and $1.38 million for a 4-bedder.

In addition, there are 6,000 sq m of retail space, a childcare centre and carparks.

Read Full Article at http://www.propertyguru.com.sg/property-management-news/2017/7/156853/chinese-developer-qingjian-plants-flag-in-bukit-batok

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Hundred Palms Residences sold out in one day

24 July 2017

Property developer Hoi Hup Realty sold all 531 units (100 percent) at its Hundred Palms Residences executive condominium (EC) at Yio Chu Kang Road within seven hours of sales booking commencing on Saturday (22 July)..

Prices started from $715,000 for a three-bedroom unit, $1.03 million for a four-bedder and $1.288 million for a five-bedder.

The project comprises three- to five-bedroom apartments from 883 sq ft to 1,636 sq ft. Units sold were at an average price of $836 psf.

Read Full Article at http://www.propertyguru.com.sg/property-management-news/2017/7/156824/hundred-palms-residences-sold-out-in-one-day

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The Albracca sold collectively for $69m

21 July 2017

The Albracca apartment at Meyer Road has been sold in a collective sale to property developer Sustained Land for $69.119 million.

The 23,400 sq ft site is zoned residential with an allowable gross plot ratio of 2.1. It could be redeveloped into an 18 to 24-storey apartment.

The future Katong Park MRT station on the Thomson-East Coast line is right at its doorstep, while Katong Park and the sea are also nearby.

Read Full Article at http://www.propertyguru.com.sg/property-management-news/2017/7/156742/the-albracca-sold-collectively-for-69m

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Villa D’Este up for en bloc

20 July 2017

Villa D’Este located within the White House Park Good Class Bungalow Area (GCBA), has been put up for sale by public tender.  The freehold site, located about 350m from the Stevens MRT station, spans a land area of 55,480 sq ft and its existing gross floor area (GFA), which has been verified by URA, is 49,071 sq ft.

Located on Dalvey Road, the property can be subdivided into three spacious GCB plots or redeveloped into one luxurious GCB and able to redevelop into its existing condominium housing form, provided there is no intensification of the existing approved GFA and storey height.

Read Full Article at https://www.theedgeproperty.com.sg/content/villa-d’este-en-bloc-sale-96-mil

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Strong pick-up in sales of GCBs and Sentosa Cove homes

20 July 2017

Sales of good class bungalows (GCBs) and Sentosa Cove homes picked up in the first half of 2017 from a year ago.

Based on caveats lodged with URA Realis, 20 GCBs and seven bungalows at Sentosa Cove were sold between January and June, compared to 14 GCBs and none at Sentosa Cove during the same period last year.

Read Full Article at http://www.propertyguru.com.sg/property-management-news/2017/7/156622/strong-pick-up-in-sales-of-gcbs-and-sentosa-cove-homes

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Prime freehold corner terraced house off Paterson Road sold for $3,030 psf

14 July 2017

The 2 freehold, corner terraced houses were completed in 2015. Both sit on a land area of 2,475 sq ft. The house at No 16 Lengkok Angsa built-up area is 3,412 sq ft, while that at No 14 has a built-up area of 3,100 sq ft.

Both houses have 3 levels and are designed with courtyard water features, a vertical garden and a covered outdoor area that links the front and rear end of the house. There is also a roof terrace, which is ideal for those who like to entertain and enjoy the view.

There are 5 en suite bedrooms, including the guest room or granny room on the first level, and the master and junior master suites.

No 16 Lengkok Angsa was sold a week ago & No 14 Lengkok Angsa is on the market for $7.5 million as well.

‘Pent-up demand for a new development on St Thomas Walk’

No 8 St Thomas Walk will comprise twin 36-storey towers with a total of 250 units when completed at year-end. The units are a mix of 1- to 4-bedroom units of 441 to 1,755 sq ft and 2 penthouses of 2,422 to 2,659 sq ft.

About 50% of the units are 1- and 2-bedroom apartments, it will also has dual-key units. The development is within walking distance of the Somerset MRT station and the Orchard Road shopping strip.

Read Full Article at: https://www.theedgeproperty.com.sg/content/prime-freehold-corner-terraced-house-paterson-road-sold-3030-psf

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For more info & schedule a No-obligation Viewing Presentation for Lengkok Angsa or Register Your Interest for No 8 St Thomas Walk Preview, please kindly contact:

Contact Number Name & CEA Reg Nos Agency
65 9853 1741 Vincent Ong R030204C KF Property Network Pte Ltd (A member of Knight Frank)

Planning to sell, rent your properties or buy property? Contact me for a No-Obligation Discussion.

I will respond to your query in the shortest time possible. I hope to be of service and value to you. Thank you.

*Please note that price of units subjected to changes without prior notice & availability of units may not be updated at the time of your call.
*Pictures may be of model unit, purely for illustrative purposes only, sizes and floor plans of actual unit may vary.

Vincent Ong 6598531741

Singapore penthouse on sale for over $100m

13 July 2017

The asking price for a new 3-storey Singapore penthouse, complete with a private pool on the 64th floor, has reached more than $100 million.

Due to be formally unveiled later this year, Wallich Residence’s penthouse is in the tallest building in Singapore. This “bungalow in the sky” unit at the GuocoLand – developed Tanjong Pagar Centre is likely to become Singapore’s most expensive apartment

Read Full Article at: http://www.straitstimes.com/business/property/singapore-penthouse-on-sale-for-99m-seen-as-test-of-luxury-property-markets

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Bulk purchase of Scotts Square units at $37.4 mil

3 July 2017

A single buyer scooped up 20 one-bedroom units at Scotts Square at prices ranging from $1.76 million ($2,821 psf) for a unit on the 13th floor to $2.01 million ($3,220 psf) for a unit on the 30th floor.

The apartments are 624 and 635 sq ft and located on the 12th to 30th floors.

Including the bulk purchase, the freehold project is about 90% sold. Completed in 2011, the residences at Scotts Square are a mix of one- to three-bedroom apartments in two towers — one 43 storeys high and the other, 34. The two towers sit on top of the Scotts Square Retail, which underwent a revamp two years ago and is 95% leased

Read Full Article at: https://www.theedgeproperty.com.sg/content/bulk-purchase-scotts-square-units-374-mil

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Scotts Square more info, floor plan and gallery at:

https://vincentongvirtualhomes.com/scotts-square/

For more info or schedule a No-obligation Viewing Presentation, please kindly contact:

Contact Number Name & CEA Reg Nos Agency
65 9853 1741 Vincent Ong R030204C KF Property Network Pte Ltd (A member of Knight Frank)

Planning to sell, rent your properties or buy property? Contact me for a No-Obligation Discussion.

I will respond to your query in the shortest time possible. I hope to be of service and value to you. Thank you.

*Please note that price of units subjected to changes without prior notice & availability of units may not be updated at the time of your call.
*Pictures may be of model unit, purely for illustrative purposes only, sizes and floor plans of actual unit may vary.

Vincent Ong 6598531741

Revision of minimum stay duration for private residential properties

30 June 2017

The Urban Redevelopment Authority (URA) has lowered the minimum stay duration to 3 months, from the current 6 months.

The revision takes immediate effect today and applies to all private properties which have been approved for residential use. 

Approved HDB flat subletting is excluded from this revision.

All occupants residing in such private properties must fulfill a minimum stay duration of 3 consecutive months. Stay durations of less than 3 consecutive months, including short-term stays (e.g. those facilitated through home-sharing platforms) continue to be disallowed.

Read Full Article at: https://www.ura.gov.sg/uol/media-room/news/2017/Jun/pr17-44

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Easing property cooling measures now would send wrong signal

29 June 2017

Adjustments made to property cooling measures earlier this year do not signal the start of an unwinding of those measures, Monetary Authority of Singapore (MAS) managing director Ravi Menon said on Thursday (June 29).

Those changes were made for very specific reasons, and it is not time yet to ease cooling measures, he added, in remarks made at the release of the MAS Annual Report.

Read Full Article at: http://www.straitstimes.com/business/economy/easing-property-cooling-measures-now-would-send-wrong-signal-says-mas

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Government increases supply of land for private housing

29 June 2017

The six sites on the confirmed list of Government Land Sales (GLS) Programme for the second half of 2017 include four private residential sites, one of which is an executive condominium site in Sumang Walk.

The residential sites on the confirmed list are in Chong Kuo Road, Handy Road and Hillview Rise, while the commercial and residential sites, which can provide about 1,370 housing units and 26,800 square metres of commercial space, are in Holland Road and Sengkang Central.

Read Full Article at: http://www.straitstimes.com/business/property/government-increases-supply-of-land-for-private-housing-amid-stronger-buyer-demand

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Mixed signals in property market point to recovery

28 June 2017

While the property market is sending mixed signals, analysts believe the signs point to a potential recovery, reported The Straits Times.

Notably, buyers snapped up over 5,700 new private homes over the first five months of this year, a significant increase from the 3,278 sold in the same period last year.

KF Property Network managing director Tan Tee Khoon expect prices to hover beyond $1,900 next year, based on recent tender bids as well as collective sale deals.

Read Full Article at: http://www.propertyguru.com.sg/property-management-news/2017/6/155183/mixed-signals-in-property-market-point-to-recovery

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SPH & Kajima places top bid for Upper Serangoon Road site

13 June 2017

Elara 1 and Callisto 1, entities linked to Singapore Press Holdings and Kajima Development, have submitted the top bid of $1,132 million for a 2.54ha (273,403 sq ft) mixed-use development site at Upper Serangoon Road.

The 99-year leasehold mixed commercial and residential site, has a gross plot ratio of 3.5 and a maximum gross floor area of 89,043 sq m (958,458 sq ft). The site could potentially yield an estimated 825 residential units and with an estimated 15,000 sq m (161,460 sq ft) of commercial space.

Read Full Article at: https://www.theedgeproperty.com.sg/content/sph-places-top-bid-1132-mil-upper-serangoon-road-site

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HDB Joint Singles Scheme

8 June 2017

To qualify for the joint singles scheme, all co-applicants must first be Singapore citizens and second, at least 35-years old if they are unmarried/ divorced or 21-years old if widowed/ orphaned.

If a flat is purchased under this scheme, each single (two to four can apply jointly) must be listed as a co-applicant, provided each person is unmarried or divorced.

Read Full Article at: http://www.propertyguru.com.sg/singapore-property-resources/singapore-hdb/joint-singles-scheme

Vincent Ong 6598531741

$765m en bloc sale: Eunosville may make way for 1,399 new homes

2 June 2017

The collective sale market here is powering ahead with the sale of privatised HUDC estate Eunosville for $765 million – the second-highest price ever for such a property.

The sprawling 330-unit Eunosville, near Eunos MRT station, could make way for as many as 1,399 units in a new project with an average apartment size of 70 sq m.

The site has been sold to a Jardine Matheson Group unit, MCL Land.

Read Full Article at: http://www.straitstimes.com/singapore/housing/765m-en-bloc-sale-eunosville-may-make-way-for-1399-new-homes