A potential buyer has entered into an expression of interest with Oxley Beryl to acquire the retail and banking units at 30 Raffles Place for $315 million. Oxley Holdings did not identify the buyer in a bourse filing on Tuesday night or state whether it is linked to Golden Compass. Golden Compass is the buyer … Continue reading $315m offer for Raffles Place retail, banking units
Property News
Terraced house in Changi bought without viewing for $2.2 mil
A freehold, inter-terraced house on Dido Street in District 15 was sold for $2.2 million, or $962 psf on land area. The private-treaty sale was conducted in April by the auction department of ERA Realty. The house is in the two-storey, mixed-landed Opera Estate off Changi Road, and sits on a 2,286 sq ft plot. … Continue reading Terraced house in Changi bought without viewing for $2.2 mil
DPM to unveil fourth package of financial support next Tuesday
Deputy Prime Minister Heng Swee Keat will deliver the statement at 3.30pm on May 26 in the House.PHOTO: ST FILE Deputy Prime Minister Heng Swee Keat will announce a new round of Covid-19 support measures for businesses and individuals next Tuesday in Parliament. The package, the fourth since February, will help them adapt and build … Continue reading DPM to unveil fourth package of financial support next Tuesday
Singapore to lift circuit breaker measures from June 2, in three gradual phases
Schools must put in place hygiene practices when they reopen, such as having students wipe down surfaces before leaving the classroom.PHOTO: MOE. Singapore's circuit breaker will formally end on June 1, as the country gradually restarts its economy in three phases over the next several months. This will not mean a return to life before … Continue reading Singapore to lift circuit breaker measures from June 2, in three gradual phases
GuocoLand bags $730m green loan for Bugis project
GuocoLand has obtained a $730 million green loan to build a luxury residential and commercial development in Tan Quee Lan Street in Bugis. The loan will go towards financing the project, including efforts in sustainable development, water and energy conservation, and adopting immersive urban greenery and landscaping. It is expected to meet the criteria to … Continue reading GuocoLand bags $730m green loan for Bugis project
Fewer going bankrupt as relief measures kick in
Bankruptcy orders plunged to 22 in April - falling below 50 for the first time in the 40 months.ST PHOTO: CHONG JUN LIANG The number of bankruptcy applications came down sharply last month after rising to a 40-month high the previous month, a change legal experts attribute to the new Covid-19 law. Bankruptcy applications fell to … Continue reading Fewer going bankrupt as relief measures kick in
New private home sales fall to five-year low in April
Developers in Singapore sold 277 private homes in April.ST PHOTO: KUA CHEE SIONG New private home sales plunged to a five-year low last month, and this month is expected to be a write-off as show-flat galleries stay closed for the whole month and new launches are pushed back further due to the extended circuit breaker. Developers … Continue reading New private home sales fall to five-year low in April
Steps to curb coronavirus transmission will raise construction costs
An idle construction site is seen at the junction of Serangoon Road and Towner Road on April 23, 2020.PHOTO: ST FILE The measures to keep Covid-19 transmission low in the construction sector are bound to increase costs for contractors, which they will have to bear in principle. National Development Minister Lawrence Wong said at a … Continue reading Steps to curb coronavirus transmission will raise construction costs
Coronavirus: Employers to get $4b in job support payouts this month
This month's payouts will be computed based on last November's wages.PHOTO: ST FILE More than 140,000 employers will get over $4 billion in Jobs Support Scheme (JSS) payouts from May 28, said Deputy Prime Minister Heng Swee Keat yesterday. The figure is part of more than $20 billion committed over three Covid-19 support packages to the scheme, … Continue reading Coronavirus: Employers to get $4b in job support payouts this month
Million-dollar HDB unit at SkyTerrace @ Dawson sold during circuit breaker
SkyTerrace Dawson was launched in December 2009 as a BTO development. It was designed by renowned architectural firm SCDA Architects (Photo: Albert Chua/The Edge Singapore) SINGAPORE (EDGEPROP) - A five-room flat at SkyTerrace @ Dawson transacted for $1.01 million in April, the month that saw resale volume for HDB flats hit a record low of … Continue reading Million-dollar HDB unit at SkyTerrace @ Dawson sold during circuit breaker
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