Property News

  SINGAPORE - GuocoLand and the Hong Leong Investment Holdings group have won a bid to buy the Pacific Mansion condominium development in River Valley for S$980 million, setting a new high among recent en bloc deal amounts. The winning bid represents a 4.5 per cent premium to the apartment owners' reserve price of S$938 million. … Continue reading Pacific Mansion in River Valley goes for $980m in biggest en-bloc sale this round

SINGAPORE: En bloc fever has reached a new high with an attempt by the owners of Mandarin Gardens condominium to engineer what is set to become Singapore's largest collective sale. According to documents seen by Channel NewsAsia, owners of the 99-year leasehold development in East Coast have set a S$2.48 billion price tag in a … Continue reading Mandarin Gardens set for record en bloc sale with S$2.5 billion asking price

A string of large freehold bungalow deals have been sealed in the past few months in the Tanjong Katong area. These include transactions in Boscombe, Branksome, Lyndhurst, Wilkinson and Arthur roads. Some of these are old bungalows that were bought by families already living in the area for redevelopment into their new homes. Among the … Continue reading Tanjong Katong bungalow market on a roll

KBD Ventures, a Koh Brothers unit, snapped up Toho Mansion (above) in Holland Road for $120.43 million. PHOTOS: KOH BROTHERS, CUSHMAN & WAKEFIELD Eunos Mansion (above) in Bedok Reservoir Road and Jalan Eunos went for $220 million to a subsidiary of the Fragrance Group. A third site, Goodluck Garden along Toh Tuck Road, was sold to … Continue reading 3 residential properties sold en bloc

The fate of People's Park Complex and People's Park Centre in Chinatown, as well as Golden Mile Complex and Golden Mile Tower in Beach Road, hangs in the balance with the collective sale fever sweeping the country. These structures are mostly half-way into their 99-year leases. A committee was formed for the collective sale of … Continue reading Golden Mile, People’s Park buildings join collective sale fever

Another four residential sites have hit the collective sale market to meet what appears to be an insatiable demand from developers. Asia Gardens in Everton Road leads the way with an asking price of $338 million, followed by Park View Mansions near Jurong Lake at about $320 million. Firms may also consider 27 Moulmein Rise … Continue reading 4 residential sites join collective sale market

Residential property sales in Singapore’s primary market sprang back to life in 2017, during which it saw the highest transaction volumes in four years. Sales of non-landed private residential properties rose from 7,618 units in 2016 to 9,745 units in 2017, inching closer to the 14,711 units in 2013, according to URA data. The pick-up … Continue reading Luxury condos with the highest foreign interest

Recent bullish land bids by developers have prompted the Government to raise development charge (DC) rates for non-landed residential use by 22.8 per cent on average, it announced yesterday. This compares with the 13.8 per cent rise at the last revision six months ago, and is the biggest increase since September 2007, when the rate … Continue reading Development charge rates for non-landed residential use up by 22.8%

The Estoril, a condominium project along 95 & 97 Holland Road, is up for collective sale with a guide price of S$220 million, reflecting a land price of about S$1,625 per sq ft per plot ratio. Sitting on a freehold site of about 84,600 sq ft and zoned "residential" with a height control of up … Continue reading The Estoril at Holland Rd up for sale with S$220m guide price

A few notable personalities from the corporate world have been involved in transactions in Good Class Bungalow (GCB) Areas since the start of the year. The Business Times understands that Simon Israel, chairman of both Singtel and Singapore Post, is buying an old single-storey bungalow that is ripe for redevelopment along Binjai Park in District … Continue reading GCBs remain a draw for Singaporeans