February 2020

By Valerie Kor / EdgeProp Singapore | February 27, 2020 4:10 PM SGT The four-storey Porcelain Hotel is up for sale under an Expression of Interest exercise that closes on 27 March. (Photo: The Porcelain Hotel) SINGAPORE (EDGEPROP) - The Porcelain Hotel in Chinatown is up for sale at a guide price of $115 million, or $2,950 psf on the gross floor area. The 138-key, 99-year boutique hotel occupies a...

By Valerie Kor / EdgeProp Singapore | February 27, 2020 9:35 AM SGT CDL executive chairman Kwek Leng Beng (right) and group CEO Sherman Kwek at the group’s 2019 results briefing on Feb 26 at M Hotel Singapore (Photo: City Developments Limited) SINGAPORE (EDGEPROP) - City Developments (CDL) rounded off 4Q2019 with a strong performance of a 12.5% increase in profit to $87.7 million. Overall, the...

By Valerie Kor / EdgeProp Singapore | February 26, 2020 5:30 PM SGT Colliers recommends various property sectors to accelerate technology adoption. (Picture: Unsplash) SINGAPORE (EDGEPROP) - To assess how Singapore’s real estate markets will be impacted due to the ongoing virus outbreak, Colliers International’s new research report references market performance during the SARS outbreak in 2003....

By Timothy Tay|February 24, 2020 7:51 PM SGT SINGAPORE (EDGEPROP) - Ascendas Real Estate Investment Trust (Ascendas Reit) has entered into a sale and purchase agreement to divest its warehouse property at 25 Changi South Street 1 for $20.3 million. According to Ascendas Funds Management (S), the manager of Ascendas Reit, the buyer is convenience store chain Hao Mart. The two-storey, ramp-up building...

By Valerie Kor / EdgeProp Singapore | March 6, 2020 10:12 AM SGT SINGAPORE (EDGEPROP) - Wing Tai Asia announced that more than 360 units (70%) of the 522-unit condominium project, The M on Middle Road, were sold over the weekend of Feb 22-23. The average price achieved for units sold was $2,450 psf. More than 360 units (70%) sold at The M over the weekend, at an average price of $2,450 psf...

By Charlene Chin/ EdgeProp Singapore|February 21, 2020 7:58 AM SGT The seller of a unit at Watermark Robertson Quay, on Rodyk Street, made the top gain over the week of Feb 4 to 11 (Credit: Samuel Isaac Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) - The seller of a unit at Watermark Robertson Quay, on Rodyk Street, made the top gain of $1.47 million over the week of Feb 4 to 11. The 1,916 sq ft...

By EdgeProp Singapore / EdgeProp Singapore | February 21, 2020 8:00 AM SGT Original Article: https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-feb-4-feb-11-done-deals If you are looking to sell or purchase properties in Singapore, our team members can help you with Affordability Assessment and Asset Progression Plan. Call us now at +65 86666 944 or +65...

By Dennis Yeo and Brenda Ong / Cushman & Wakefield | February 21, 2020 2:10 PM SGT Following the outbreak of the coronavirus, supply chains have undergone tremendous pressure. Recent reports document how the distribution of goods has been disrupted by factories in China shutting down on a massive scale and transport links being cut to contain the virus. Empty cargo barges on the Yangtze River in...

By Timothy Tay/ EdgeProp Singapore|February 21, 2020 11:30 AM SGT  SINGAPORE (EDGEPROP) - A 2,293 sq ft, four-bedroom unit at The Grange – in prime District 10 – will be put on the block by Colliers International on Feb 27. The freehold property will be sold in a sheriff’s sale. This means the property has been repossessed by the High Court, who has appointed Colliers to auction it. The proceeds...

By Cecilia Chow/ EdgeProp Singapore|February 21, 2020 10:00 AM SGT SINGAPORE (EDGEPROP) - The high-end condominium in prime District 9 made a splash at the start of the year. While sales may have slowed due to the Covid-19 outbreak, the developer is looking beyond the short term. Scale model of the twin 36-storey towers of The Avenir (Photo: Samuel Isaac Chua/EdgeProp Singapore) The novel...