Transaction volume by foreign home buyers fall 26.1% in 1Q2020
SINGAPORE (EDGEPROP) - Based on the residential status of homebuyers in Singapore, the number of foreign home purchasers have fallen the most by 26.1% to 215 units in 1Q2020, compared to other statuses, according to Edmund Tie’s Private Homes Report for June 2020. Transaction volumes by Singaporeans and Singapore Permanent Residents (PRs) decreased by 12.5% and [...]
Savills’ Private Office: Catering to the ultra-rich
SINGAPORE (EDGEPROP) - Global nomads who have been grounded during the lockdown are looking forward to Singapore’s “green lanes” or “Covid-19 safe air corridor”. “Once travel resumes, activity will return,” says Jacqueline Wong, executive director and head of The Private Office at Savills Singapore. Wong: Those who have already landed in Singapore are shopping for [...]
Some relief for landlords required to provide extra rental waivers for tenants
SINGAPORE (EDGEPROP) - The government has announced additional rental waiver for tenants who are small and medium sized enterprises (SMEs), particularly those who have seen revenue drop at least 35% in April and May. “The extra rental waiver is a much needed boost to tenants who have been severely affected by the extended circuit breaker, [...]
Martin Modern: The ‘Gangnam’ of Robertson Quay
SINGAPORE (EDGEPROP) - During the “circuit breaker” period, eight units were sold at the Martin Modern luxury condo development by GuocoLand. This brings the total tally of units sold to 401 out of 450 units in the twin 30-storey development, which translates to a take-up rate of 89%. One of the purchases made just before the [...]
‘Star buys’ at Sloane Residences at prices from $2,628 psf
SINGAPORE (EDGEPROP) - TSky Development, a joint venture between listed construction groups Tiong Seng Holdings and Ocean Sky International, has released five units as “star buys” at its high-end condo, Sloane Residences. Launched on June 2, the promotional prices for the five units are $100,000 to $123,000 off their original list prices. “We would like [...]
A pair of two-bedders at Seahill priced below $1.3 mil each
SINGAPORE (EDGEPROP) - A pair of two-bedroom units at Seahill, off West Coast Road in Clementi, is on the market for prices under $1.3 million. The two units were originally scheduled to be put up for auction that was cancelled due to the “circuit breaker” measures, and are now being marketed under private treaty, says Edmund [...]
Manufacturing tops resilience and rebound ranking: Colliers
SINGAPORE (EDGEPROP) - The top three sectors that hold the greatest “resilience and rebound potential” amid the Covid-19 pandemic are manufacturing, technology and hospitality, according to the Resilience and Rebound Ranking Report by Colliers International. The report identifies the most resilient industries over past crises and the opportunities for commercial real estate sectors beyond the current Covid-19 [...]
The reimagined office
As the Covid-19 pandemic pushes firms to run remotely, forcing workers to adopt tech and adapt to virtual collaborations, the conventional function of the office as a physical meeting place for work has been tested. Property consultants dive in on the permanent changes they expect will be here to stay in the industry: 1. The [...]
Seller of 8 @ Mount Sophia unit makes $1.1 mil profit
SINGAPORE (EDGEPROP) - Despite being eight weeks into the “circuit breaker”, the seller of a three-bedroom unit at 8 @ Mount Sophia managed to turn in a healthy profit when the property was sold on May 26. It was also the most profitable deal recorded during the week in review from May 19 to 26. [...]