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Kallang River Gets A New Lease Of Life

Singapore’s longest river, Kallang River is set to be revitalised with the introduction of new homes, work places, recreation and community spaces along the waterfront. The Urban Redevelopment Authority revealed that both public and private housing “will be introduced in precincts along the river”. This comes as the government targets to have over 90% of […]

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Le Arc Apartment up for collective sale again

After a failed attempt last year, Le Arc Apartment at 6 Lorong 26 Geylang is once again up for collective sale. This time the owners expect a minimum offer of $18.5 million, down from their previous expectation of about $20 million to $22 million. – April 24, 2019 Read Full Article at https://www.propertyguru.com.sg/property-management-news/2019/4/179639/le-arc-apartment-up-for-collective-sale-again-at-18-5m

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CDL chairman’s family buys two units at Boulevard 88

City Developments Limited (CDL) chairman Kwek Leng Beng’s family has purchased 2 units at the company’s latest luxury condominium project. Kwek’s wife and son – Cecilia and Kingston – purchased an 18th floor unit in Boulevard 88 for $9.8 million, while his nephew – Kwek Eik Sheng, who also serves as group chief strategy officer […]

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Guoco Midtown development to add homes, retail and office space to Beach Road district

A new mixed-use development Guoco Midtown in the Beach Road district, Guoco Midtown, will offer 200 residential units and 770,000 sq ft of office space when it is completed in the first half of 2022. There will also be more than 32,000 sq ft of retail space, which spans 2 storeys, in a development that […]

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Tiong Seng subsidiary awarded $190m building contract

The contract awarded to Tiong Seng Contractors (Private) Limited was for a proposed residential development at Outram comprising 774 units with swimming pool, four levels of basement carparks and communal facilities. – April 22, 2019 Read Full Article at https://www.propertyguru.com.sg/property-management-news/2019/4/179580/tiong-seng-subsidiary-awarded-190m-building-contract

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Swire Properties unveils first residential project in Singapore

Swire Properties has launched its first residential project in Singapore designed by Thomas Heatherwick. Located at 2 Draycott Park in District 10, the project only features 20 apartments. Each unit comes with four en-suite bedrooms and occupies an entire floor spanning over 3,000 sq ft. Inspired by the city-state’s vision as a ‘city in a […]

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Normanton Park hit with ‘no-sale licence’

With close to 1,900 units, the new development on the former Normanton Park en bloc site was going to be one of the biggest residential projects to be launched in 2019. It would be second only to the 2,203-unit Treasure at Tampines – the biggest private condo in Singapore to date – which was launched […]

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New attractions, hotel in Jurong Lake District amid tourism boost

A new integrated tourism development will be set up at the Jurong Lake District by 2026, in line with the Government’s strategy to “spread out its tourism offerings across different parts of Singapore”. This area will include attractions, hotels and other lifestyle offerings. An expression of interest will be launched for the new development, with […]

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New private home sales jump 47% in March as developers roll out multiple projects

Sales of new private homes in Singapore surged 47.2 per cent year-on-year in March as developers rolled out multiple projects following the seasonally slow Chinese New Year festive period. Additionally, 25 new private homes sold last month were above S$5 million, the highest number recorded for a single month since December 2013. Of the 25 […]

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URA Draft Master Plan to spark more home sales

Knight Frank expects the recently announced Draft Master Plan 2019 to encourage more sales within the areas that have been earmarked for future development. “While buying sentiment is subdued by the recent cooling measures, the announcement of the Draft Master Plan 2019 is likely the bright spark to trigger more sales activity, especially in areas […]

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URA plans new homes in CBD, including Shenton Way and Tanjong Pagar

To that end, the Government will give developers a higher gross plot ratio – the permissible development intensity of a land parcel – to encourage them to convert ageing offices into hotels and homes. “We want to introduce a broader mix of uses so that the CBD is not only a place to work, but […]

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With S$2.9 billion price tag, Mandarin Gardens en-bloc attempt fails

Mandarin Gardens has failed in its en-bloc attempt, weeks after owners raised their asking price to a record high of S$2.93 billion. The development was unable to obtain an 80 per cent consensus among its residents to put the land up for collective sale as of Sunday (March 24), when its collective sales agreement expired. […]

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Sim Lim Square set to launch en-bloc sale at S$1.3b

“Tech mecca” Sim Lim Square will be put up for collective sale, after securing the requisite agreement of at least 80 per cent of its owners. Analysts told TODAY before that capital may have shifted to commercial properties, away from residential ones, since the cooling measures imposed last July affects only residential redevelopments. Developers have […]

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Braddell View to go en bloc at $2.08b

Braddell View estate, Singapore’s largest private residential site, is set to be put up for en bloc sale with a reserve price of $2.08 billion. The price works out to a land rate of $1,199 psf per plot ratio (psf ppr), inclusive of the differential and lease top-up premium of about $795.1 million. Within walking […]

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Casa Sophia relaunched for en bloc sale at lower price

The 12-unit Casa Sophia has been relaunched for collective sale by private treaty, after most of the owners agreed to a lower asking price of $30 million or $1,158 psf per plot ratio (psf ppr). Situated within Mount Sophia, the freehold development occupies a 12,327.9 sq ft site zoned residential under the 2014 Master Plan, […]

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Mandarin Gardens raises asking price

The Collective Sale Committee (CSC) of Mandarin Gardens has again raised the development’s reserve price from $2.79 billion to a new record asking price of $2.927 billion. Last November, the CSC had increased the 1,006-unit development’s reserve price from $2.48 billion to $2.79 billion, after discovering that the 1.07 million sq ft site was undervalued […]

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New CPF rules for purchase of older flats to kick in by May

Homebuyers looking to purchase older flats from May onwards will be able to benefit from new Central Provident Fund (CPF) rules and will announce details of changes to CPF rules soon. “Actually the focus should not be on the remaining lease of the flat. What we want to ensure is that buyers purchase flats with […]

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Measures to Support Housing Needs of Singaporeans

At the Committee of Supply debate today, the Ministry for National Development announced measures to assist Singaporeans at different life stages with their housing needs, including the elderly and lower-income families. Announcing Build-To-Order Projects Six Months in Advance Reducing Balloting Time from 6 Weeks to 3 Weeks HDB will be setting up the Home ownership […]

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Clementi site launched for sale, could yield 640 homes

A private residential site at Clementi Avenue 1 that could potentially yield a maximum of 640 housing units was launched for sale via public tender. With a land area of about 178,064 sq ft, the 99-year leasehold site has a gross floor area (GFA) of about 623,230 sq ft. The site is also accessible via […]

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Peace Mansion going for $688m in 5th en bloc attempt

Undeterred by four prior failed attempts, over 80% of the owners of Peace Centre / Peace Mansion (PCPM) have agreed to launch the development for collective sale again at a minimum price of $688 million, which translates to a land rate of around $1,474 psf per plot ratio (excluding bonus balcony space). “PCPM, with its […]

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