Property News

Development charge hikes set to ease collective sale fervour

The collective sales market in some prime areas will likely be further dampened by the¬†higher development charges (DC) for non-landed residential use¬†announced yesterday, said property consultants. The rates, which are assessed every six months, are payable by developers seeking to enhance the use of a site or build a bigger project on it. They shot … Continue reading Development charge hikes set to ease collective sale fervour

CapitaLand and CDL team up again – this time for Sengkang mixed development

FOR the first time in about a decade, property heavyweights CapitaLand and City Developments are teaming up for a project in Singapore. The duo have just clinched a plum 3.7-hectare commercial and residential site next to Buangkok MRT Station under a dual-envelope (price and concept) state tender. The site can yield a maximum gross floor … Continue reading CapitaLand and CDL team up again – this time for Sengkang mixed development

The Regalia in River Valley put up for sale at $403m

  The Regalia sits on a freehold site of 63,371 sq ft and commands "prominent corner dual road frontages" of about 150m along River Valley Close and River Valley Road. The site can potentially be redeveloped into a residential development of 302 units.PHOTO: CBRE The Regalia, a freehold condo located at 2 River Valley Close, … Continue reading The Regalia in River Valley put up for sale at $403m

Property sector sentiment down, but underlying demand still exists

The real estate industry's business sentiment plunged after the latest round of property cooling measures, but the outlook of the services sector continued to hold firm even as manufacturing optimism waned. These findings came from separate quarterly reports released on Tuesday by the Economic Development Board and the Department of Statistics, which looked at business … Continue reading Property sector sentiment down, but underlying demand still exists

URA nod for 4,107 units at Tampines Court, Normanton Park

The Urban Redevelopment Authority (URA) granted provisional permission for several residential projects in the second quarter of the year. These include two large projects with well over 1,000 units each on sites sold through collective sales. Sim Lian won URA's provisional nod in June to develop a 2,225-unit condo on the Tampines Court site. In … Continue reading URA nod for 4,107 units at Tampines Court, Normanton Park

Kentish Green up for collective sale at $230m

Kentish Green in Oxford Road has joined the bandwagon of developments here trying for a collective sale. The owners have set a reserve price of $230 million for the 59,143 sq ft site. The 122-unit condominium is located near Farrer Park MRT station. Based on the reserve price, each owner will net between $1.736 million … Continue reading Kentish Green up for collective sale at $230m