February 2020

By Cecilia Chow/ EdgeProp Singapore|February 7, 2020 2:34 PM SGT SINGAPORE (EDGEPROP) - The combination of travel restrictions and dearth of Chinese buyers is affecting demand for luxury properties in the prime districts. Most property developers are going ahead with their previews and launches but sentiments are more subdued, leading to calls for some property cooling measures to be lifted. The...

By Charlene Chin/ EdgeProp Singapore|February 7, 2020 8:06 AM SGT The second top gain made over the week – a 131% profit – was at Elizabeth Heights, on Cairnhill Road (Credit: Samuel Isaac Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) - The seller of a unit at The Imperial, on Jalan Rumbia, made the top gain of $3.35 million over the week of Jan 21 to 28. The 3,531 sq ft unit on the 13th floor...

By Cecilia Chow/ EdgeProp Singapore|February 7, 2020 1:35 AM SGT SINGAPORE (EDGEPROP) - On Feb 6, Singapore-listed property groups such as CapitaLand, City Developments (CDL) and UOL Group, as well as the Real Estate Developers Association of Singapore (Redas), welcomed the move by the government to exempt public-listed housing developers with substantial stakes in Singapore from the Qualifying...

By Cecilia Chow/ EdgeProp Singapore|February 7, 2020 3:19 PM SGT SINGAPORE (EDGEPROP) - Despite being fully sold, the 174-unit, freehold condo Gramercy Park remains a much sought-after address. Located along Grange Road, the high-end project was developed by listed property giant City Developments (CDL) and completed in 2016. Gramercy Park was designed by the late Peter Pran of New York-based NBBJ...

By Timothy Tay/ EdgeProp Singapore|February 7, 2020 5:00 PM SGT SINGAPORE (EDGEPROP) - A 1,248 sq ft, three-bedroom unit at Corals at Keppel Bay will be offered for sale at Knight Frank’s property auction on Feb 18. The property will be up for auction with an indicative price from $2.18 million, which translates to about $1,745 psf on the floor area. The unit was first offered for sale last month, but...

By Timothy Tay/ EdgeProp Singapore|February 5, 2020 8:27 PM SGT SINGAPORE (EDGEPROP) - Two adjoining freehold shophouses at 297 and 299 Tanjong Katong Road are on the market for $13 million, announced Showsuite Consultancy, the property firm managing the sale. The price translates to $1,127 psf on the existing gross floor area. Located within the Tanjong Katong Conservation Area, the four-storey...

By Timothy Tay/ EdgeProp Singapore|February 5, 2020 5:07 PM SGT SINGAPORE (EDGEPROP) - A two-storey commercial podium at The Rise @ Oxley is on the market for $62.5 million. This translates to about $3,800 psf on the strata area. The sale will be conducted through an Expression of Interest (EOI) exercise and managed by the marketing agent CBRE.Located at 71 Oxley Rise, The Rise @ Oxley is a 10-storey...

By Timothy Tay/ EdgeProp Singapore|February 5, 2020 4:53 PM SGT SINGAPORE (EDGEPROP) - Eleven commercial units in Balestier Point are available for sale collectively or on an individual basis, announced marketing agent Savills Singapore. The entire portfolio of freehold units comes with an indicative price of $68 million, or $1.22 million for the smallest-sized unit, and will be sold through an...

By Timothy Tay/ EdgeProp Singapore|February 4, 2020 5:23 PM SGT SINGAPORE (EDGEPROP) - A pair of shophouses at 24 and 26 Moonstone Lane have been offered for sale as a bundle by Expression of Interest, announced CBRE, the sole marketing agent for the sale. The freehold properties have an indicative pricing of $6.6 million. This translates to $944 psf per plot ratio based on the site’s maximum...