Perspective

By Timothy Tay/ EdgeProp Singapore|January 23, 2020 2:23 PM SGT The URA has released its property market statistics for 4Q2019. It reported that the overall price index of private residential properties increased by 0.5% q-o-q, compared to the 1.3% increase in the previous quarter. For the whole of 2019, prices of private residential properties increased by 2.7%, compared to the 7.9% increase in 2018....

By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 6:16 PM SGT SINGAPORE (EDGEPROP) - A 2½ storey conservation shophouse at 52 Amoy Street has been put up for sale by expressions of interest (EOI). The 999-year leasehold property sits on a site area of 952 sq ft and has a floor area of 2,255 sq ft. Under the URA Master Plan 2014, it is zoned for commercial use. The 999-year leasehold conservation...

By Timothy Tay/ EdgeProp Singapore|January 17, 2020 11:40 AM SGT SINGAPORE (EDGEPROP) - The resale market began the year with profitable transactions at The Jade, a 99-year leasehold development on Bukit Batok Central Link, and Hillview Green, a 999-year development off Upper Bukit Timah.The most profitable transaction during the week of Dec 31 to Jan 7 was the sale of a 1,335 sq ft, three-bedroom unit...

By Charlene Chin/ EdgeProp Singapore|January 17, 2020 11:38 AM SGT The freehold detached home comprises five bedrooms, a study room, a utility room and a swimming pool (Credit: Edmund Tie) A 2 1/2 storey freehold detached home along Lily Avenue, off Sixth Avenue and Bukit Timah Road in District 10, will be put up for auction on Feb 26 at a guide price of $8.9 million ($1,860 psf). This is an...

By Timothy Tay/ EdgeProp Singapore|January 17, 2020 3:37 PM SGT SINGAPORE (EDGEPROP) - The owners of Wing Fong Court at 10 Lorong 14 Geylang have launched the collective sales tender for the freehold development, announced marketing agent PropNex Realty. The reserve price of the 88-unit Wing Fong Court is $108 million. This translates into a land rate of about $997 psf per plot ratio (ppr), based on...

By Timothy Tay/ EdgeProp Singapore|January 16, 2020 5:00 PM SGT SINGAPORE (EDGEPROP) - Colliers International released its quarterly office market report for 4Q2019, which stated that Singapore CBD Grade- A office rents climbed by 7% y-o-y for the whole of 2019. This followed a 15% growth rate posted in 2018, as well as a 2.3% increase in 2017. Rental growth in this office segment is expected to...

By Timothy Tay/ EdgeProp Singapore|January 16, 2020 3:00 PM SGT SINGAPORE (EDGEPROP) - Based on the latest statistics from the URA released on Jan 15, developers are estimated to have sold close to 10,164 private housing units (excluding executive condos or ECs) for the full year in 2019. This translates to an increase of 15.6% y-o-y over the 8,795 new private homes sold in 2018. According to Tricia...

By Timothy Tay/ EdgeProp Singapore|January 16, 2020 2:05 PM SGT SINGAPORE (EDGEPROP) - Savills Singapore has been appointed the sole marketing agent for the sale of a portfolio of shophouses in Chinatown. The portfolio features adjoining shophouses at 42-45 Mosque Street and 54/56 Pagoda Street. The shophouses on Mosque Street are four-storey conserved properties with mezzanine levels as well as an...

By Cecilia Chow/ EdgeProp Singapore|January 14, 2020 2:03 AM SGT SINGAPORE (EDGEPROP) - Over the weekend of Jan 11-12, Koh Brothers sold 10 out of a total of 69 units in its luxury, freehold project Van Holland. The condominium is a redevelopment of the former Toho Mansion and is located just across the road from Holland Village. The crowd on the launch weekend of Van Holland on Jan 11-12 (Photo:...

By Cecilia Chow/ EdgeProp Singapore|January 14, 2020 4:19 AM SGT SINGAPORE (EDGEPROP) - The owners of the 12-unit Casa Sophia have collectively sold their apartment block for $29 million in a private treaty deal, according to a caveat lodged with URA Realis on Boxing Day (Dec 26) of 2019. The 12-unit Casa Sophia sits on a 12,328 sq ft, freehold site on Sophia Road and has the potential to be...