It's third time lucky for the collective sale attempts by two private residential developments, Derby Court and Parkway Mansion. Both properties have been sold after two earlier unsuccessful forays into the collective sale market. RH Developments, a subsidiary of Roxy-Pacific Holdings, won the tender for Derby Court with a bid of $73.88 million, well above … Continue reading Derby Court, Parkway Mansion sold en bloc
Category: Residential
Cairnhill Heights to launch collective sale bid
The Cairnhill area in prime District 9 is turning into a collective sale hot spot with a third site about to hit the market in a little over two months. The latest candidate is Cairnhill Heights, a freehold private site in Cairnhill Rise that is a short drive from the Orchard Road shopping belt and … Continue reading Cairnhill Heights to launch collective sale bid
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. He has … Continue reading Home prices ‘could rise by 8% next year’
Fresh Start in home ownership for over 30 families
More than 30 families have successfully applied for a Housing Board flat under the Fresh Start Housing Scheme, said Minister for National Development and Second Minister for Finance Lawrence Wong in a Facebook post yesterday. The scheme, which was launched in December last year, aims to help families with at least one child below the … Continue reading Fresh Start in home ownership for over 30 families
FCL tops bids for former Zouk site at S$955m
SINGAPORE - Frasers Centrepoint Limited trumped nine other bidders with an offer of $955.4 million for a residential plot in Jiak Kim Street, the former site of popular nightspot Zouk. Separately, Allgreen Holdings emerged top among seven bidders for a residential parcel in Fourth Avenue, lodging a tender of $552.96 million. The two 99-year leasehold … Continue reading FCL tops bids for former Zouk site at S$955m
URA to launch tender for West Coast Vale reserve list site
The Urban Redevelopment Authority (URA) has accepted an application from a developer to put up the residential site at West Coast Vale for sale by public tender. The land parcel was made available for sale on the reserve list of the Second Half 2017 Government Land Sales Programme. URA said on Monday that received an … Continue reading URA to launch tender for West Coast Vale reserve list site
Unlocking the value of our homes in retirement
A Housing Board flat means different things to different people - a home, of course; an investment; a source of income; and for couples, an application for a flat can even mean an informal proposal. People are now far more financially savvy and would consider long and hard the long-term financial impact of buying their … Continue reading Unlocking the value of our homes in retirement
Allgreen snaps up two collective sale sites
A developer run by property tycoon Robert Kuok has scooped up two collective sale sites in the upscale Bukit Timah area. Allgreen Properties acquired Royalville for $477.94 million or $1,960 per sq ft per plot ratio (psf ppr), well above the $368 million asking price, perhaps because the site is near the Sixth Avenue MRT … Continue reading Allgreen snaps up two collective sale sites
Plum Holland Road land site put up for tender
A commercial and residential site in Holland Road was put up for sale yesterday under a dual-envelope concept and price tender that will close on March 20. Located near Holland Village MRT station, the site can have a maximum gross floor area of 59,715 sq m, of which, up to 13,500 sq m can be … Continue reading Plum Holland Road land site put up for tender
En bloc deals could ‘pose risks to sustainable conditions’ in property market: MAS
SINGAPORE: The revival of the en bloc market could bring about risks to the “sustainable conditions” in the local property market, said the Monetary Authority of Singapore (MAS) in its latest Financial Stability Review released on Thursday (Nov 30). Developers, potential buyers and lenders should “proceed cautiously” with a medium-term view of the market's supply-demand … Continue reading En bloc deals could ‘pose risks to sustainable conditions’ in property market: MAS
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