2019

SINGAPORE (EDGEPROP) – Swire Properties officially unveiled its first ultra-luxury residential project in Singapore today (April 18), “EDEN”, an exclusive apartment building inspired by Singapore’s vision as a ‘city in a garden’ and designed by Thomas Heatherwick of Heatherwick Studio.Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular...

SINGAPORE (EDGEPROP) – The Jurong Lake District transformation will include marked change of a part of that area into major tourist destination said the Senior Minister of State (SMS) for Trade and Industry, Chee Hong Tat. The SMS made the announcement on the Jurong Lake District transformation at the Tourism Industry Conference organised by the Singapore Tourism Board (STB) on April 16.Image credit:...

– Property investment sales fell 52% YOY to SGD5.3 billion in Q1 2019 on weaker commercial and industrial volumes– Public land sales amounting to SGD2.1 billion boosted property investment sales volumes in Q1– Potential upside ahead as Draft Master Plan 2019 incentives could spark more investors’ interest in the redevelopment of older buildings in the CBDSINGAPORE (EDGEPROP) – Property investment...

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...