Perspective

SINGAPORE (EDGEPROP) - 2 Cavan Road, a 20,100 square feet Jalan Besar property, was bought by a unit of Kheng Leong Company for $38.71 million. When the Jalan Besar property was put up for sale in March, it had an indicative price of $47.4 million.The buyer of the Jalan Besar property plans to turn it into apartments, with commercial units on the ground floor.Image credit: CBRE2 Cavan, off Lavender...

SINGAPORE (EDGEPROP) - CBRE today (June 12) launched the sale of two freehold commercial shophouses, separately located at 148 Neil Road and 114 Jalan Besar, via Expression of Interest. Under the 2019 Draft Master Plan, the two freehold commercial shophouses are zoned ‘Commercial’ and there will be no Additional Buyers’ Stamp Duty or Sellers’ Stamp Duty imposed on local or foreign buyers.Image...

SINGAPORE (EDGEPROP) - CapitaLand on June 11 announced that its subsidiary and associated companies have entered into an agreement with CapitaLand Retail China Trust (CRCT) to divest their interests in three companies that hold three malls in China – CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin and CapitaMall Yuhuating in Changsha.Image credit: CapitalandThe divestment of the three companies is...

SINGAPORE (EDGEPROP) - The Singapore Government will not take a hands-off attitude to the property cycle and allow bubbles to develop. The Minister for National Development, Mr Lawrence Wong, said this at the Institute of Real Estate and Urban Studies (IREUS) Conference on ‘Real Estate and Urban Studies’ on May 24.“Basically, we have concluded that the government cannot take a hands-off attitude to...

SINGAPORE (EDGEPROP) - Bernam Street GLS site can potentially yield 325 residential unitsThe Urban Redevelopment Authority (URA) today (May 30) launched a residential with commercial at 1st storey site at Bernam Street for sale by public tender today under the Confirmed List of the first half 2019 (1H2019) Government Land Sales (GLS) Programme.The Bernam Street GLS site can potentially yield up to 325...

Cascadale is poised to benefit from the extensive development plans surrounding Changi Airport.SINGAPORE (EDGEPROP) – JLL on May 28, announced the launch of the tender exercise for Cascadale, a 134-unit collective sale site at Upper Changi Road East. This is the first time the owners of the 25-year old development are embarking on a collective sale exercise.Under the 2014 Master Plan, the freehold...

SINGAPORE (EDGEPROP) – Newton Lodge launches its second attempt at a collective sale on May 28.The 16-unit apartment development near Novena is conveniently located some 400 metres from the Novena MRT station and the Novena commercial cluster. Major developments around the Novena area have been underway, as the government targets to transform the area into Singapore’s largest healthcare hub by 2030....

SINGAPORE (EDGEPROP) – CPF usage rules and HDB housing loans have been updated to provide more flexibility for Singaporeans to buy a home for life while safeguarding their retirement adequacy, said the Ministry of National Development and the Ministry of Manpower in a joint statement. The new CPF usage rules will now focus on whether the remaining lease of the home can cover the youngest buyer until at...

SINGAPORE (EDGEPROP) – The Woodleigh Residences launch is slated for this Saturday (May 11). The development by Japanese property developer Kajima Development (Kajima) and Singapore Press Holdings (SPH) is positioned as a premium integrated development which leverages Japanese design.The Woodleigh Residences is the latest and most ambitious integrated premium housing project of a Japanese property...

SINGAPORE (EDGEPROP) – Amber Park tops sales on launch weekend by becoming the best-selling freehold property launch this year– Amber Park tops with 115 units (77%) being snapped up of the 150 released– Amber Park tops by achieving a total sales value of over S$240 million– Amber Park tops by drawing buyers to the project’s outstanding attributes and an excellent location offering beautiful...