SINGAPORE (EDGEPROP) - Based on the residential status of homebuyers in Singapore, the number of foreign home purchasers have fallen the most by 26.1% to 215 units in 1Q2020, compared to other statuses, according to Edmund Tie’s Private Homes Report for June 2020.Transaction volumes by Singaporeans and Singapore Permanent Residents (PRs) decreased by 12.5% and 10.5% respectively in 1Q2020. Source: URA...
SINGAPORE (EDGEPROP) - Global nomads who have been grounded during the lockdown are looking forward to Singapore’s “green lanes” or “Covid-19 safe air corridor”. “Once travel resumes, activity will return,” says Jacqueline Wong, executive director and head of The Private Office at Savills Singapore.Wong: Those who have already landed in Singapore are shopping for ‘good deals. And by this,...
SINGAPORE (EDGEPROP) - The government has announced additional rental waiver for tenants who are small and medium sized enterprises (SMEs), particularly those who have seen revenue drop at least 35% in April and May. “The extra rental waiver is a much needed boost to tenants who have been severely affected by the extended circuit breaker, especially for retail and F&B tenants who are still unable to...
SINGAPORE (EDGEPROP) - During the “circuit breaker” period, eight units were sold at the Martin Modern luxury condo development by GuocoLand. This brings the total tally of units sold to 401 out of 450 units in the twin 30-storey development, which translates to a take-up rate of 89%.One of the purchases made just before the start of the circuit breaker was by a South Korean national. She purchased a...
SINGAPORE (EDGEPROP) - TSky Development, a joint venture between listed construction groups Tiong Seng Holdings and Ocean Sky International, has released five units as “star buys” at its high-end condo, Sloane Residences. Launched on June 2, the promotional prices for the five units are $100,000 to $123,000 off their original list prices.“We would like to be among the first to offer buyers, who have...
SINGAPORE (EDGEPROP) - A pair of two-bedroom units at Seahill, off West Coast Road in Clementi, is on the market for prices under $1.3 million. The two units were originally scheduled to be put up for auction that was cancelled due to the “circuit breaker” measures, and are now being marketed under private treaty, says Edmund Tie, which is handling the sale of both.The first unit, of 861 sq ft, is...
SINGAPORE (EDGEPROP) - The top three sectors that hold the greatest “resilience and rebound potential” amid the Covid-19 pandemic are manufacturing, technology and hospitality, according to the Resilience and Rebound Ranking Report by Colliers International.The report identifies the most resilient industries over past crises and the opportunities for commercial real estate sectors beyond the current...
As the Covid-19 pandemic pushes firms to run remotely, forcing workers to adopt tech and adapt to virtual collaborations, the conventional function of the office as a physical meeting place for work has been tested. Property consultants dive in on the permanent changes they expect will be here to stay in the industry: 1. The office will have a new functionThe office of the future will have a new purpose....
SINGAPORE (EDGEPROP) - Despite being eight weeks into the “circuit breaker”, the seller of a three-bedroom unit at 8 @ Mount Sophia managed to turn in a healthy profit when the property was sold on May 26. It was also the most profitable deal recorded during the week in review from May 19 to 26.According to caveats lodged with URA Realis, the 2,497 sq ft unit fetched $2.62 million ($1,049 psf). It was...
SINGAPORE (EDGEPROP) - GSM Building at 141 Middle Road has been launched for en bloc sale at a reserve price of $98 million. It is the first commercial site to be launched since the lifting of some “circuit breaker” measures on June 2. The property, a corner double-frontage building facing Middle Road, has a balance lease term of about 61 years. The site, with a land area of 12,003 sq ft, is zoned for...
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