Perspective

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...

By Charlene Chin/ EdgeProp Singapore|January 30, 2020 4:28 PM SGT Source: Colliers SINGAPORE (EDGEPROP) - Private residential prices in Singapore grew 2.5% in 2019, despite cooling measures imposed by the government in late 2018 and amid a subdued economy, and are forecast to grow 3% in 2020, according to research by Colliers International. The “record high” of housing supply from 2014 to...

By Cecilia Chow/ EdgeProp Singapore|January 28, 2020 4:43 PM SGT SINGAPORE (EDGEPROP) - In the Little India Conservation Area, a corner shophouse at 60 Upper Weld Road is now available for sale. Pearly Tan, associate marketing director of PropNex Realty and Ken Shi, key executive officer of Prop-Today. The corner shophouse on Upper Weld Road that's on the market for $7.5 mil (Photo: Pearly...

By EdgeProp Singapore / EdgeProp Singapore | January 24, 2020 8:01 AM SGT SINGAPORE (EDGEPROP) - The number of mortgagee sale listings in Singapore has seen a 61.1% jump y-o-y, from 391 in 2018 to 630 in 2019, boosted by more listings from the industrial, retail and residential segments. These findings were released in a Knight Frank market report on Jan 17. In 4Q2019, the number of auction listings...

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 11:53 PM SGT SINGAPORE (EDGEPROP) - URA’s statistics showed retail rents continued to improve in 4Q2019. Retail rents in the Central Region were 2.3% higher q-o-q, showing the same pace of growth as the previous quarter. For the full year 2019, retail rents for the Central Region were up 2.9% y-o-y, reversing the full year decline of 1.0% in 2018....

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 11:37 PM SGT SINGAPORE (EDGEPROP) - In 4Q2019, the office rental index in the Central Region registered a decrease of 3.2% q-o-q. This rental decline was steeper than the -0.6% q-o-q in 3Q2019, notes Desmond Sim, CBRE head of research for Southeast Asia. This brings the total office rental index to a 3.1% decline for the whole of 2019. “The...