2019

SINGAPORE (EDGEPROP) – Realty Centre sold en bloc at $148 million, $17 million below the reserve price of $165 million.Realty Centre, located in the core central region submarket of Tanjong Pagar has been sold enbloc for $148 million. Brokered by Property Consultants Cushman & Wakefield (C&W), this is the first fully commercial collective sale site concluded this year.Image credit: Cushman &...

SINGAPORE (EDGEPROP) – Cushman & Wakefield announced on April 18 that they have brokered the sale of an office building – 7 & 9 Tampines Grande – to Evia Real Estate and Metro Holdings Limited. The Capital Markets team at Cushman & Wakefield secured the buyer on behalf of Alpha Investment Partners and City Developments Limited.The office building comprises a pair of eight-storey premium...

SINGAPORE (EDGEPROP) – The Malaysian Transport Minister’s commitment to the Rapid Transit System revival may add buzz to the rejuvenation efforts of the Woodlands area. “We are working on the supplementary agreement for six months and looking at other options on how to reduce the cost,” said Malaysian Transport Minister Anthony Loke at a joint press conference with his Singapore counterpart, Khaw...

SINGAPORE (EDGEPROP) – The Beach Road rejuvenation is all set to get a huge boost with the $2.4 billion mega mixed-use development, Guoco Midtown. In speaking to the media on the unveiling of Midtown’s concept on April 22, Mr Cheng Hsing Yao, group managing director of GuocoLand Singapore, said Guoco Midtown will feature a 30-storey office block, a residential tower with more than 200 units and an...

SINGAPORE (EDGEPROP) – A JLL research report referring to the Draft Master Plan 2019 (and in particular to the CBD Incentive Scheme) called it “visionary” and “bold”. The Urban Redevelopment Authority (URA) released information about the scheme on March 27, and it offers 25-30% higher plot ratios for owners who convert office buildings over 20 years old to other complementary uses in the CBD...

SINGAPORE (EDGEPROP) – The Gazania is a brand new FREEHOLD condo by SingHaiYi Group that’s located along How Sun Drive in Bartley area, District 19. The residential development is nestled both on the city fringe and within a walking distance from the Bartley MRT station. Its neighbourhood is pleasantly marked by a mixture of landed houses and low-rise apartments on a quiet private enclave.About Condo...

SINGAPORE (EDGEPROP) – Affinity at Serangoon is yet another exciting new property launch in District 19 by the renowned Oxley Serangoon Ltd. Designed by veteran and award-winning company DP Architects; the residence is set amidst lush beautiful landscaping that mimics a luxury resort. Affinity at Serangoon proffers future residents with not just a vibrant modern life and healthy, nature-inspired style...

SINGAPORE (EDGEPROP) – Riverfront Residences is a premium, waterfront development located at Hougang Avenue 7, where Rio Casa Residential area used to be. The entire site has been transformed into a modern, luxurious high-rise condo that’s one of the main property highlights of District 19. From the development, one can enjoy unblocked views of the Serangoon River, get the better of the pleasant winds...

SINGAPORE (EDGEPROP) – Amber Park is an exciting brand new condo development located along 14 Amber Garden. The condo sits at the heart of East Coast Marine Parade, D14, in an established private estate. Amber Park is set to be one of the most-sought-after residential developments in the area not only because of its iconic design but also because of the Freehold tenure of the land within which it...

SINGAPORE (EDGEPROP) – CGS-CIMB research said the Singapore residential market outlook remained relatively stable in 2019. The research ‘Real Estate Day wrap-up’ said both property developers and property services companies expect the Singapore residential market to remain relatively stable with primary transaction volumes in 2019 to remain relatively flat compared to 2018 as lower take-up rates...