January 2019

SINGAPORE (EDGEPROP) – Newton Lodge, a 16-unit collective sale site at Newton Road, has been launched for sale by sole marketing agent, JLL.Newton Lodge is conveniently located some 400 meters from the Novena MRT station and the Novena commercial cluster. Major developments around the Novena area have been underway, as the government targets to transform the area into Singapore’s largest healthcare hub...

SINGAPORE (EDGEPROP) – One of the world’s most recognised statistical rating organisations has predicted that the home price growth here will moderate in the next two years. According to Fitch Ratings in its 2019 Global Housing and Mortgage Outlook report, Singapore home prices are expected to show moderate growth of 2% in 2019 and 3% in 2020.The report said: “Fitch expects home price growth to be...

SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority today announced that it has closed land tenders for hotel site at Club Street and residential site at Kampong Java Roa. The public tenders for the two sites at Club Street and Kampong Java Road were launched on 27 September 2018 and 31 October 2018 respectively. The Housing & Development Board (HDB) said in a separate announcement that it...

SINGAPORE (EDGEPROP) – In keeping with the Government policy requirement to dispose of private property when buying HDB resale flats, 5,000 households disposed of their private properties in the last eight years. The Minister for National Development revealed these figures in answering a parliamentary question.The Minister responded to the Workers’ Party MP, Muhamad Faisal Abdul Manap who...

SINGAPORE (EDGEPROP) – A 25-room freehold boutique hotel on Desker Road in the Little India vicinity is up for sale by expression of interest (EOI). The site has a guide price of about $28 million to $30 million, according to marketing agent Knight Frank.Image credit: Knight Frank SingaporeThe property is currently operating under the name of Hotel Marrison @ Desker, with an average occupancy rate of...

SINGAPORE (EDGEPROP) – Singaporean households are buying residential property and remain the key buyer of new homes in 2018, says a research report by DBS.The report said that based on data compiled by Realis as at 27 November 2018, out of the 22,000 units transacted in the 11-months of 2018 (9,300 in the primary sales, 12,700 in the secondary market), a majority of the buyers in 2018 were Singaporean...

SINGAPORE (EDGEPROP) – 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 MapThe site in Tuas South Avenue 14 was sold to LOGOS and 100% leased back to REC for 20...

SINGAPORE (EDGEPROP) – 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 are connected by a carefully designed 6-storey car...

SINGAPORE (EDGEPROP) – 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 the changes.Image credit: Wikimedia...

SINGAPORE (EDGEPROP) – 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...