Property News

A tender for a master developer to redevelop Kampong Bugis near the Kallang River into a car-lite residential precinct will be called in the next one to two years, The Business Times understands. The land up for tender, likely to stand at about 13 ha, is expected to have a 99-year leasehold. It includes a … Continue reading Kampong Bugis master developer tender to be launched in 1 to 2 years

Deep-pocketed buyers have been out in force this year, with at least 19 sales of luxury apartments with price tags in excess of $10 million. The most expensive unit in terms of absolute price sold so far was a sprawling unit at City Developments project Gramercy Park, which went for $24.5 million or $3,362 per … Continue reading Strong sales of luxury apartments this year

Rivercove Residences wrapped up the first ballot and booking exercise for the executive condominium (EC) with nearly 80 per cent of its 628 units sold at an average price of S$965 psf. Located in the Anchorvale Lane neighbourhood of Sengkang, it is the sole EC launch for this year and is being developed jointly by … Continue reading Rivercove Residences EC units 80% sold at average S$965 psf

A joint entity of Chinese developer Yanlord Land Group and MCL Land has bought freehold Tulip Garden for $906.9 million - the second biggest collective sale this year. The price is 20.4 per cent higher than the reserve of $753 million submitted by owners of the 316,708 sq ft estate completed in 1985. Tulip Garden, … Continue reading Freehold Tulip Garden sold en bloc for $907m

The estate comprises 477 residential units and 10 retail shops, and is a 3-minute walk from the new Hillview MRT station. PHOTO: TEAKHWA REAL ESTATE ANOTHER residential development that could smash the collective sale record currently held by Farrer Court is The Dairy Farm, if it obtains the requisite approval from owners and is successfully sold. … Continue reading Dairy Farm joins billion-dollar en bloc list with asking price of over S$1.68b

Tiong Seng and Ocean Sky, both Singapore-listed companies, said in separate regulatory filings yesterday that they will, through TSky Development, set up a project company to undertake the redevelopment of the Cairnhill Heights site.PHOTO: ERA REALTY NETWORK A joint venture between construction and engineering firm Tiong Seng Holdings and civil engineering company Ocean Sky International … Continue reading Joint venture acquiring Cairnhill Heights for $72.6m

While the HDB resale market remains subdued, analysts expect the positive sentiments in the private residential property market to continue While the private property market registered the sharpest rise in prices since 2010, prices of HDB resale homes fell in the first quarter of this year, based on flash estimates released by the Urban Redevelopment … Continue reading Private home prices jump by 3.1% in first quarter

SINGAPORE - A unit of Bukit Sembawang Estates has successfully tendered for the sale en bloc of the freehold Makeway View for S$168 million. This was also the asking price when the collective sale tender was launched on Jan 23. The sale price reflects a land rate of S$1,626 per sq ft per plot ratio (psf … Continue reading Makeway View sold to Bukit Sembawang Estates for $168 million

OWNERS of Olina Lodge, a freehold project in prime district 10, hope that third time's the charm for their collective sale attempts and have launched their properties for en bloc sale - this time with a reserve price of S$220 million. This translates to a land rate of S$1,631 per square foot per plot ratio … Continue reading Olina Lodge, Verdun House up for collective sale for S$220m, S$60m respectively