Golden Mile Complex gets $700m collective sale offer from Far East Organization, Perennial Holdings

Golden Mile Complex was put up for collective sale last year at a reserve price of $800 million. PHOTO: ST FILE Updated from : The Straits Times, 30 Mar 2022 An offer of $700 million has been made for Golden Mile Complex in Beach Road, following extensive private treaty negotiations for the iconic development, which was put … Continue reading Golden Mile Complex gets $700m collective sale offer from Far East Organization, Perennial Holdings

New strata subdivision rule unlikely to affect commercial, mixed-use en bloc sales

Tanglin Shopping Centre in Orchard was sold en bloc in February to Pacific Eagle Real Estate. The freehold complex has more than 360 strata retail and office units, and fetched S$868 million in the sale. BT FILE PHOTO Updated from : The Business Times, 17 Mar 2022 THE new restriction on strata subdivision of some commercial … Continue reading New strata subdivision rule unlikely to affect commercial, mixed-use en bloc sales

HDB flat first in Yishun to sell for more than S$1m, but analysts say such sales there won’t be common

A view of Block 652 along Yishun Avenue 4 where a flat was sold for more than S$1 million Updated from : Today, 11 Mar 2022 SINGAPORE — A Housing and Development Board (HDB) executive flat in Yishun fetched more than S$1 million when it was sold last month on the resale market, the first … Continue reading HDB flat first in Yishun to sell for more than S$1m, but analysts say such sales there won’t be common

New town centred on Paya Lebar Air Base site to be developed in stages, allowing for flexibility

URA chief planner and Deputy CEO Ms Hwang Yu-Ning said the development will be done "progressively over time," and is set to begin in the 2030s. ST PHOTO: DESMOND WEE Updated from : The Straits Times, 2 Mar 2022 SINGAPORE - The Paya Lebar Air Base and its surrounding industrial areas will yield a space five … Continue reading New town centred on Paya Lebar Air Base site to be developed in stages, allowing for flexibility

2 of 5 BTO projects affected by Greatearth liquidation completed

Updated from : The Business Times, 27 Feb 2022 The wait is over, with work completed in 2 of the 5 Build-to-Order (BTO) projects affected by Greatearth Corporation and Greatearth Construction going bust, ahead of revised deadlines. The 782 owners of units in 3 blocks of flats in Senja - in Senja Ridges and Senja … Continue reading 2 of 5 BTO projects affected by Greatearth liquidation completed

Tanglin Shopping Centre sold for S$868m to Tanoto family’s Pacific Eagle Real Estate

Built in 2 phases, the main Tanglin Shopping Centre complex was completed in the 1970s, while the office tower extension was completed in early 1980s. The development has 364 units. SPH Updated from : The Business Times, 24 Feb 2022 THE freehold Tanglin Shopping Centre has been sold for S$868 million or S$2,769 per square foot … Continue reading Tanglin Shopping Centre sold for S$868m to Tanoto family’s Pacific Eagle Real Estate

HDB resale prices climb for 19th straight month in January: SRX, 99.co

Notably, 4 of the latest multi-million dollar HDB resale flats sold were located in Bishan, while 6 were in Queenstown. ST PHOTO: LIM YAOHUI Updated from : The Business Times, 10 Feb 2022 PRICES of HDB resale flats continued their upward trajectory in January 2022 to book gains for the 19th straight month on the back … Continue reading HDB resale prices climb for 19th straight month in January: SRX, 99.co

Redas seeks longer project sales period for land acquired before latest cooling measures

Redas' suggestions come after property cooling measures were put in place on Dec 16, 2021 amid concerns that rising property prices were unsustainable.  ST PHOTO: CHONG JUN LIANG Updated from : The Business Times, 9 Feb 2022 THE Real Estate Developers' Association of Singapore (Redas) hopes that the government will extend the sales period of … Continue reading Redas seeks longer project sales period for land acquired before latest cooling measures

CDL bids $768m for Jalan Tembusu site in state land sale, consortium bids $586.6m for Lentor Hills site

Eight bidders vied for a 99-year leasehold residential site at Jalan Tembusu near the East Coast. PHOTO: SCREENGRAB FROM GOOGLE MAPS Updated from : The Straits Times, 19 Jan 2022 The results of the first two state tenders that closed on Tuesday after new cooling measures were introduced indicated that developers are still land hungry but more cautious. … Continue reading CDL bids $768m for Jalan Tembusu site in state land sale, consortium bids $586.6m for Lentor Hills site

Singapore announces new property cooling measures

The Singapore government on Wednesday (15 Dec) announced a slew of measures to cool the red-hot private residential and housing development board (HDB) resale markets. PHOTO: SPH Updated from : The Business Times, 16 Dec 2021 SINGAPORE on Wednesday moved to cool its housing market amid rising concerns that the property boom might tip the market … Continue reading Singapore announces new property cooling measures