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Pearl Bank Apartments in Outram sold en bloc

Pearl Bank Apartments near Outram Park MRT station was sold to CapitaLand in a S$728 million collective sale. CapitaLand said that the acquisition – which matched the owners’ reserve price – was through a private treaty collective sale. With an additional lease top-up premium estimated at S$201.4 million, the sale price translates to a land […]

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Revised Occupancy Cap for Renting HDB Flats and Commercial Property Living Quarters

From 1 May 2018, the occupancy cap for 4-room and larger HDB flats being rented out will be reduced to 6 persons. Revisions to Occupancy Cap In line with URA’s cap of 6 persons for private residential properties which are rented out, HDB flat owners renting out their flats or bedrooms to unrelated persons (who […]

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Punggol will be home to Singapore’s own Silicon Valley

The Digital District is located in Punggol North, where last year, was designated by National Development Minister Lawrence Wong as the “enterprise district” that will be a combination of housing, business, and education facilities. The Punggol Digital District will become the heart of digital and cyber-security industries and is set to create 28,000 new jobs […]

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Marina One, Duo set to make big impact on property scene

The 2 projects – Marina One and Duo – were opened in tandem last night by Singapore Prime Minister Lee Hsien Loong and his Malaysian counterpart Najib Razak at a ceremony. M+S has also sold more than 80% of the 521 residential units in the 1st tower of Marina One Residences. The 2nd unlaunched tower […]

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More than half of office space leased at Paya Lebar Quarter

Paya Lebar Quarter (PLQ), a $3.2 billion mixed-use development by Lendlease, has secured tenants for more than 50 per cent of its office space, including some potential deals that are under final offer or in a stage of advanced negotiations, ahead of the offices’ scheduled opening in the third quarter of this year. 16 Jan […]

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Summer Green in Balestier up for en bloc sale

Another residential development, this time off Balestier Road, has been put up for collective sale, said marketing agent Knight Frank on Thursday (11 January). The freehold Summer Green apartment block comprises 24 units and has a guide price of over $48.5 million. The approximately 14,646 sq ft site has been zoned for residential use with […]

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SingHaiyi scoops up Park West condo in en bloc sale

SingHaiyi Group’s joint-venture firm, SingHaiyi Gold, is acquiring Park West condominium along Jalan Lempeng in Clementi in a collective purchase at a price of $840.9 million. The 36-year-old property sits on a land area of approximately 58,867 sqm with a plot ratio of 2.1. 12 Jan 2018 Read Full Article at https://www.theedgesingapore.com/singhaiyi-scoops-park-west-condo-en-bloc-purchase-8409-mil

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Singapore property rebound just starting as prices seen jumping

Credit Suisse Group AG and Morgan Stanley are calling the end of Singapore’s property downturn, after a second consecutive quarterly increase in private residential prices. Home prices may rise as much as 10% this year, according to analysts at Credit Suisse, while Morgan Stanley and OCBC Investment Research expect as much as an 8% increase. […]

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Looking Ahead to 2018: Property market poised to roar back to life

After several years in the doldrums, the recovery of the Singapore property market will be in full swing in 2018, experts say. Analysts first saw signs of an upturn in market sentiment at the beginning of this year when units at new project launches were snapped up quickly. The unexpected relaxing of the cooling measures […]

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Derby Court sold to Roxy-Pacific unit

Third time’s a charm for Derby Court, which was sold for $73.88 million to Roxy-Pacific subsidiary, RH Developments Two Pte Ltd. Nestled on an 18,506 sq ft freehold site, Derby Court is located along Derbyshire Road within the Novena locale, near the Anglo-Chinese School (Junior) and just across the road from St Joseph’s Primary Institution […]

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Parkway Mansion sold for $146.99mil

Parkway Mansion has finally been sold to a consortium led by Sustained Land Pte Ltd for $146.99 million. The sale price was 6.5% higher than the owners’ guide price of $138 million during the tender launched on 16 November. Situated just 100 metres from the upcoming Tanjong Katong MRT station at the Thomson-East Coast Line, […]

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Cairnhill Heights eyes $80mil in collective sale tender

Cairnhill Heights at Cairnhill Rise, is set to be launched for en bloc sale tender on 19 December. The owners are looking at a sale price of more than $80 million. Located near the Orchard Road shopping belt and Mount Elizabeth Hospital, the freehold development was built in the 1990s on a 15,408 sq ft […]

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Dakota Crescent to be redeveloped for public housing

One of Singapore’s oldest public housing estates, Dakota Crescent, will receive a new lease of life when new public flats are built there but parts of the historic estate will be retained. Because of its historical significance, the authorities have decided to retain parts of the estate. “So we intend to retain the central cluster […]

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Home prices ‘could rise by 8% next year’

An “up cycle” for Singapore property may last into 2020, Morgan Stanley said, with estimates that home prices will climb by as much as 8 per cent next year. Mr Wilson Ng, a property analyst at Morgan Stanley, said developers’ valuations are attractive based on discounts to net asset value and price-to-book ratios. – Dec […]

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