HDB rentals may get a much needed boost from new property cooling measures
Homeowners who have successfully sold their units en bloc may turn to HDB rentals while they wait for a permanent replacement flat. Once the en bloc sales deal is completed, owners can hand over the units with vacant possession for 100 per cent of the sales proceeds, or opt to stay on for another 6 months. [...]
Upmarket condominium at Balmoral Park enclave goes en bloc with $148 million price tag
Pinetree Condominium an upmarket condominium in the Balmoral Park enclave has been launched for en bloc sale with a reserve price of $148 million. Each owner stands to receive between $2.57 million to $4.09 million if the en bloc sale is successfully concluded. SLP Scotia, the marketing agent for the en bloc sale of the upmarket [...]
District 8 property jumps on bandwagon of developments trying for collective sale
Kentish Green, a 122-unit condominium in District 8, has been launched for en bloc sale with a reserve price of $230 million announced its marketing agent ERA Realty. The owners of the property at Oxford Road off Rangoon Road have set a reserve price of $230 million for the 59,143 sq ft site. Based on the [...]
Mixed-use development Sixth Avenue Centre up for collective sale
Savills Singapore announced on July 2nd of the launch for sale by tender of a mixed-use development. The launch of the collective sale of the mixed-use development, Sixth Avenue Centre, was posted just a few days before the Government announced the new property cooling measures. The tender for Sixth Avenue Centre will close at 3 pm on [...]
Freehold residential redevelopment site off Balestier relaunches for en bloc with reduced reserve price
Knight Frank Singapore on 16 July announced the re-launch of the sale of Summer Green, a freehold residential redevelopment site off Balestier Road. The site was unsuccessfully launched for collective sale first in January 2018 with a reserve price of $48.5 million. Image credit: Knight Frank Singapore The owners are now expecting offers of above [...]
Average selling prices of new homes may see up to 10 per cent price reduction
The new property cooling measures will likely result in price cuts in average selling prices of new homes by developers. With high-end homes leading the price adjustments by developers, new home launches are expected to drop by up to 10 per cent. The reduction in average selling prices has been factored in when property market [...]
40% fewer private homes sold in June than in May – most sales in suburban areas
A survey by the Urban Redevelopment Authority showed that 654 private homes were sold by developers in June. This is a drop of 41.7 per cent of the 1,122 units sold in May and also 20.2 per cent lower than in June last year. More than half of the sales took place Outside Central Region. [...]
Rare freehold portfolio comprising 4 shophouse units at Macpherson Road for sale by expression of interest
CBRE has launched for sale a rare freehold portfolio comprising of four freehold shophouses along Macpherson Road by Expression of Interest (EOI). The portfolio comprises 514 Macpherson Road, an intermediate two-storey shophouse; 526 and 528 Macpherson Road, 2 adjoining two-storey shophouses and 534 Macpherson Road, a corner two-storey shophouse (the Properties). The rare freehold portfolio [...]
Rare freehold site at Meyer Road acquired for $319.88 million amidst property curbs
GuocoLand Limited (“GuocoLand”) today announced that its indirect wholly-owned subsidiary, First Meyer Development Pte Ltd, has successfully tendered for the enbloc acquisition of Casa Meyfort Condominium, a rare freehold site. It has also exercised its option to purchase at a purchase consideration of S$319.88 million. Casa Meyfort at Meyer Road was first launched for collective sale in [...]
Tengah poised to be Singapore’s first smart energy town
The Housing & Development Board (HDB) in exploring the potential of developing Tengah into a first-of-its-kind Smart Energy Town, today inked three new research agreements with industry partners at the World Cities Summit. HDB intends to advance its goal of creating smart and sustainable homes for Singaporeans. Through these partnerships. HDB said it aims to [...]