June 13, 2019

SINGAPORE (EDGEPROP) - 2H2019 GLS to yield 6,430 private residential units, 92,000 sqm gross floor area (GFA) of commercial space and 1,100 hotel roomsThe Government today (June 6) announced the second half 2019 (2H2019) Government Land Sales (GLS) Programme, which comprises five Confirmed List sites and eight Reserve List sites. These sites can yield about 6,430 private residential units, 92,000 sqm...

SINGAPORE (EDGEPROP) - 2 Cavan Road, a 20,100 square feet Jalan Besar property, was bought by a unit of Kheng Leong Company for $38.71 million. When the Jalan Besar property was put up for sale in March, it had an indicative price of $47.4 million.The buyer of the Jalan Besar property plans to turn it into apartments, with commercial units on the ground floor.Image credit: CBRE2 Cavan, off Lavender...

SINGAPORE (EDGEPROP) - CBRE today (June 12) launched the sale of two freehold commercial shophouses, separately located at 148 Neil Road and 114 Jalan Besar, via Expression of Interest. Under the 2019 Draft Master Plan, the two freehold commercial shophouses are zoned ‘Commercial’ and there will be no Additional Buyers’ Stamp Duty or Sellers’ Stamp Duty imposed on local or foreign buyers.Image...

SINGAPORE (EDGEPROP) - CapitaLand on June 11 announced that its subsidiary and associated companies have entered into an agreement with CapitaLand Retail China Trust (CRCT) to divest their interests in three companies that hold three malls in China – CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin and CapitaMall Yuhuating in Changsha.Image credit: CapitalandThe divestment of the three companies is...