July 2018

SINGAPORE (EDGEPROP) – 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 reserve price, the owners will get $1.736 million to $2.086 million...

SINGAPORE (EDGEPROP) – 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 25 July 2018.Image credit: Savills...

SINGAPORE (EDGEPROP) – 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 SingaporeThe owners are now expecting offers of above $48 million for the freehold...

SINGAPORE (EDGEPROP) – 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 analysts predicted the downgraded stock ratings for...

SINGAPORE (EDGEPROP) – 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.Sales and launch volumesThe tally for the first half of the year is estimated at 4,090 private...

SINGAPORE (EDGEPROP) – 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...

SINGAPORE (EDGEPROP) – 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...

SINGAPORE (EDGEPROP) – 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 further leverage...

SINGAPORE (EDGEPROP) – South Beach Residences is a brand new luxurious condo development by the renowned City Developments Limited, located at 28 Beach Road. Situated at the heart of Singapore city centre, the iconic development will feature well-furnished apartments and penthouses, office spaces as well as retail outlets. A luxury hotel and an exclusive clubhouse will also be part of the South Beach...

SINGAPORE (EDGEPROP) – Riverfront Residences is a brand new condominium development located in Hougang Ave 7, District 19. The site, which was formerly known as Rio Casa, is on a 99 years leasehold tenure and was acquired by Oxley-Lian Bent Venture at a cost of S$575 million. And the condo project is currently being run by Singapore’s well-known Oxley Holdings Ltd in joint venture with KSH Holdings...