Freehold Residential Development Site along Chancery Lane up for En bloc at $86.6 million
Knight Frank Singapore today announced the launch of the sale of Chancery Esquire, an exclusive freehold residential development site along Chancery Lane, by tender. The tender for Chancery Esquire will close on 2 August 2018, Thursday at 3 pm. Chancery Esquire is a private residential estate comprising a block of 31 apartment units ranging from [...]
High End properties in Singapore Continue to be Strong Draw for Malaysians
Despite the weakness of their currency, well-heeled Malaysians are continuing to show keen interest in high-end properties in Singapore. GuocoLand (Singapore) Pte Ltd Group Managing Director, Cheng Hsing Yao, said the strong interest shown in his company’s two iconic projects, Wallich Residence and Martin Modern is proved of Malaysians interest in high-end properties here. Wallich Residence [...]
Property Market Euphoria Calls for Caution, Singapore Central Bank Chief
Developers, banks and home buyers should be cautious about the property market euphoria said Ravi Menon. Mr Menon who is the Managing Director of Monetary Authority of Singapore (which is Singapore’s central bank and financial regulatory authority) reminded developers who bid for land to be mindful of the huge supply which is coming on stream. [...]
GCB prime plot at Sixth Avenue up for sale by Trustees
A prime residential site, Good Class Bungalow (GCB), located at Sixth Avenue has just been put up for sale by Expression of Interest (“EOI”) by the trustees of the property. JLL has been appointed as their sole marketing agent. The EOI for No. 45 Sixth Avenue closes on Tuesday, 31 July 2018, at 2.30 p.m. The freehold [...]
Freehold shophouses row at Sembawang Road up for collective sale
Edmund Tie & Company (ET&Co) announced today that it has been appointed as the sole marketing agent for freehold shophouses row along Sembawang Road, which is being sold en bloc by tender. 100 per cent of the owners of the of freehold shophouses row has consented to the sale. The development was completed in the [...]
How much of your income should you spend on housing?
With housing being one of the biggest expenditures many expect to invest in, it is crucial for both homeowners and tenants to determine how much of their income they should set aside for housing costs, such as mortgage payments or rent along with utilities, maintenance charges or homeowners insurance. But how does one ensure that [...]
Upper East Coast Road freehold site to be acquired for $60 million
Tee Land, a boutique developer, announced on 28 June that it had entered into an option-to-purchase agreement to acquire the freehold interest in a plot of land located at 338 to 364 Upper East Coast Road, Singapore with a land area of approximately 3,928.8 square metre. The purchase consideration for the land on which Teck Guan Ville condo [...]
Stirling Residences – a mega project in Queenstown up for preview today
Stirling Residences, a mega project of Logan Property (Singapore) Company and Nanshan Group Singapore (joint-venture) at Queenstown, is today (30 June) opening its showflat for preview. The joint-venture’s win of the tender for the site in Queenstown set a record in May for exceeding the price quantum for Government Land Sales (GLS) programme. The joint-venture [...]
Singapore property market remains positive despite near-term weakness
The government on 27 June announced the second half 2018 Government Land Sales (2H18 GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units. The bank noted that the 2H18 GLS of 8,040 residential units, is flat half-on-half (h-o-h) – (-0.1% h-oh; -1% year-on-year) – with [...]
Private residential units to increase substantially with new releases from GLS programme
The Government yesterday (27 June) announced the second half 2018 (2H2018) Government Land Sales (GLS) Programme, which comprised six Confirmed List sites and nine Reserve List sites to yield more private residential units. These sites can yield up to 8,040 private residential units, 124,200 sqm gross floor area (GFA) of commercial space and 930 hotel [...]