August 2018

SINGAPORE (EDGEPROP) – JLL today announced that a 999-year CBD conservation shophouse in heart of Central Business District (CBD) is up for sale. JLL is the exclusive marketing agent for the 999-year CBD conservation shophouse located at 21 Boon Tat Street. The 999-year CBD conservation shophouse with attic occupies a land area of 1,759 sf and has a total area of approximately 3,874 sf. It has a tenure...

Image Credits: Image of a condo was taken by iCompareLoan for illustration purpose only.  SINGAPORE (EDGEPROP) – Treasure at Tampines is a brand new 99 years leasehold condominium development by the renowned Sim Lian Construction Company Ltd. Formerly known as Tampines Court, the development is located in 18 Tampines Street 11, at the heart of District 18. Just as its name suggests, Treasure...

SINGAPORE (EDGEPROP) – A freehold boutique hotel at the corner of  Outram and Tiong Bahru Road is being sold for $46 million. Wangz Hotel which is a prominent landmark in that area because of its distinctive barrel-shaped aluminium-clad look is being sold by Glastech Pte Ltd.Image credit: Google MapThe sale works out to about $1.12 million per room for the six-storey, 41-room, freehold boutique hotel....

SINGAPORE (EDGEPROP) – A retail sector research by Savills released on 17 August, suggests that vacancies are moderating while rents are weakening. The research by the prominent real estate services company noted that despite the festive spending prior to Hari Raya Aidilfitri, which lifted retail sales (excluding motor vehicles) in May, the overall sales growth for both April and May was restrained...

SINGAPORE (EDGEPROP) – CapitaLand Limited and joint venture partner City Developments Limited (CDL) have successfully clinched the prime site in Sengkang Central. The attractive mixed-use residential and commercial site was won at a tender price of $777.78 million. The bid was submitted on a Two-envelope Concept and Price Revenue tender system which works out to S$923.60 per square foot of gross floor...

SINGAPORE (EDGEPROP) – A freehold commercial corner development site with a 40-metre wide dual frontage along Serangoon Road and Petain Road has just been launched for sale via an Expression of Interest (EOI) exercise by exclusive marketing agent, JLL. Freehold commercial corner development site comes with a guide price of $22 million reflecting $1,471 psf ppr.The corner development site consists of 450...

SINGAPORE (EDGEPROP) – Sales prices and rents of office properties continuing to recover in Q2 2018 should be good news to commercial property landlords. The continued recovery is driven by stronger demand for space from a broad range of sectors, as well as improved investment sales, and more positive business sentiment and upbeat economic outlook.OFFICENoting the office properties continued recovery,...

SINGAPORE (EDGEPROP) – Private home prices continued to rise in the second quarter of 2018. 1,724 private homes were sold in July 2018 said the data released by the Urban Redevelopment Authority (URA) on Wednesday. These figures are about 2.6 times more than the 654 units sold in June 2018 and up 55 per cent of the 1,112 units, they sold in July 2017. URA said its numbers were based on its survey of...

SINGAPORE (EDGEPROP) – Owners of freehold Windy Heights in the Kembangan area in their 2nd collective sale attempt, are seeking to reduce the reserve price by over $50 million in a bid to go for collective sale. This comes after its earlier bid in April 2018 which was unsuccessful.The reserve price in the previous attempt was $806.2 million, but now, with their 2nd collective sale attempt, the price may...

SINGAPORE (EDGEPROP) – Colliers International in releasing its latest quarterly investment sales report ‘Keeping Up The Momentum’ on August 13, said the real estate investment sales in Singapore is projected to reach $40 billion in 2018. The leading commercial real estate services company said commercial and industrial properties could pick up part of the slack in the second half of 2018 to keep the...