CBRE brokers the largest single-asset industrial deal in Singapore in the last year
CBRE announced on Jan 4 that it had brokered the sale-and-leaseback transaction for a 25-hectare site in Tuas South Avenue 14. The site Tuas South Avenue 14 accommodates an integrated industrial and warehouse facility with a total gross floor area of 1.6 million sq ft. Image credit: Google Map The site in Tuas South Avenue 14 [...]
Queens Peak: A Blissful Haven Made For the Discerning Few
Queens Peak is a soon-to-be-launched residential property by HY Realty, situated along Dundee Road, in the prime District 3. The development, which lies within the city fringe, is tucked inside a 99-year leasehold piece of land and is expected to yield a total of 736 residential units on two iconic 44-storey blocks. The two towers [...]
People’s Park Centre raises Reserve Price in first en bloc effort
Mixed-use redevelopment site People’s Park Centre has raised its Reserve Price from $1.3 billion to $1.35 billion and has also agreed on the method of apportionment for its first en bloc sale attempt. The Straits Times reported that the majority of owners who attended the extraordinary general meeting on Jan 9 passed the resolutions for [...]
Asia Pacific commercial real estate investment to rise by five per cent in 2019, says JLL
Urbanisation and demographics continue to create opportunities for commercial real estate investment amid late-cycle environment. Asia Pacific’s overall real estate transaction volumes in 2019 are expected to rise by five per cent, though the pace of growth momentum will slow down, says global real estate consultant JLL. Geyland Commercial retail shophouses “A decade into the [...]
Mixed landed development site in the Braddell Heights residential enclave for sale for $12.8 million
Savills Singapore today announced the launch for sale by Expression of Interest, 22 & 24 Jalan Lateh, a mixed landed development site in the Braddell Heights residential enclave near Bidadari Estate. The subject freehold site comprises a pair of semi-detached homes with a combined land area of approximately 11,136 sq ft (1,034 sqm). Off Sommerville [...]
Rare penthouse office floor at Chinatown Point for sale by expression of interest
CBRE is launching the sale of the penthouse office floor in Chinatown Point at a guide price of S$2,080 per square foot via an Expression of Interest (EOI) exercise. The sale offering consists of four strata-titled units on the top level with areas ranging from 2,346 square feet to 2,486 square feet. The combined strata [...]
Singapore residential market will see volume and price weaknesses in 2019, DBS Research
Singapore residential market is projected to exhibit both volumes and price weakness in 2019, said a recent research paper by DBS Research Group. The report in saying that the Singapore residential market is waiting for its turn to shine said that while there is good value in developers’ share prices, judging by historical trends in past property [...]
Golden Mile Complex – Singapore’s urban icon, for sale by tender
Edmund Tie & Company (ET&Co), the sole marketing agent for the collective sale of Golden Mile Complex, on Jan 7 announced that the landmark commercial property is up for sale by tender. ET&Co informed that the Urban Redevelopment Authority (URA) has advised that a gross floor area (GFA) of 85,977.5 sqm can be considered. This is subject [...]
Prime freehold site on highest point of Mount Elizabeth-Orchard up for public tender at S$550 million
CBRE on Jan 7 launched the sale of HighPoint at 30 Mount Elizabeth via Public Tender. Prominently located within the prime Mount Elizabeth-Orchard district, one of Singapore’s most prestigious enclaves, the HighPoint sits on a freehold cul-de-sac plot of approximately 47,606 sq ft on Mount Elizabeth Road, a gentle hillside route from Orchard Road leading to [...]
Realty Centre up for en bloc at Reserve Price of $165 million
Realty Centre a commercial property located at 15 Enggor Street has been put up for collective sale with a reserve price of $165 million. Realty Centre is a freehold site, which has a land area of 1,021.9 square metres or approximately 11,000 sq feet and is zoned for commercial use under the Urban Redevelopment Authority’s 2014 Master [...]