By Timothy Tay/ EdgeProp Singapore|February 18, 2020 4:22 PM SGT SINGAPORE (EDGEPROP) - A freehold shophouse at 452 Joo Chiat Road is available for $4.5 million, which translates to $2,140 psf on the existing built-up area of 2,100 sq ft. The property will be sold in an expression of interest (EOI) exercise, announced CBRE, the marketing agent. The conservation shophouse is in the Joo Chiat Secondary...
By Timothy Tay/ EdgeProp Singapore|February 17, 2020 4:31 PM SGT SINGAPORE (EDGEPROP) - A series of big-ticket office deals by global investors drove up the total investment volume in Singapore to a record high of US$9.6 billion ($13.34 billion) in 2019, an increase of 26% y-o-y, according to Real Capital Analytics (RCA).According to David Green-Morgan, Asia Pacific managing director at RCA, “the...
By Timothy Tay/ EdgeProp Singapore|February 17, 2020 5:19 PM SGT SINGAPORE (EDGEPROP) - A total of 618 new private residential units (excluding executive condominiums or ECs) were sold last month. This is an increase of 14.9% m-o-m compared to 538 units sold in December last year, and up 41.4% y-o-y, according to the latest statistics by URA. According to Christine Li, head of research for Singapore...
By Cecilia Chow/ EdgeProp Singapore|February 17, 2020 3:14 PM SGT SINGAPORE (EDGEPROP) - Coronavirus concerns did not deter families from attending the public preview of OLA, the 548-unit executive condo (EC) located at Anchorvale Crescent in Sengkang. About 3,200 people visited the OLA sales gallery over the weekend of February 15-16. Crowd at Ola sales gallery over the weekend of Feb 15-16...
By Timothy Tay/ EdgeProp Singapore|February 17, 2020 5:24 PM SGT SINGAPORE (EDGEPROP) - The IOB Building at 64 Cecil Street is on the market from $1,800 psf per plot ratio (ppr), announced marketing agent Knight Frank Singapore. Located at the junction of Cecil Street and Cross Street, IOB Building is a six-storey office development with two basement carpark floors. The property sits on a 9,599 sq ft...
By Cecilia Chow/ EdgeProp Singapore|February 16, 2020 9:57 PM SGT SINGAPORE (EDGEPROP) Feb 16, 2020 – Joint venture companies, Hoi Hup Realty and Sunway Developments, announced that 316 out of a total of 496 units in Parc Canberra executive condo (EC) have been sold over the weekend. This translates to a 64% take up rate. Units were sold at an average price of $1,085 psf. Balloting of units at...
By Timothy Tay/ EdgeProp Singapore|February 14, 2020 4:39 PM SGT SINGAPORE (EDGEPROP) - Premium office occupancy costs in Singapore have been ranked as the 14th most expensive in the world, with net effective rents and occupancy costs running at about US$117 ($162.73) per year psf (py/psf), or just over half the premium rents in Hong Kong’s Central District.The result is based on JLL’s “Premium...
By Charlene Chin/ EdgeProp Singapore|February 14, 2020 7:58 AM SGT The seller of a unit at Camelot By-The-Water, on Tanjong Rhu Road, made the top gain over the week of Jan 28 to Feb 4 (Credit: Albert Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) - The seller of a unit at Camelot By-The-Water, on Tanjong Rhu Road, made the top gain of $1 million over the week of Jan 28 to Feb 4. The 4,801 sq ft unit...
By Timothy Tay/ EdgeProp Singapore|February 12, 2020 9:15 PM SGT SINGAPORE (EDGEPROP) - Aberdeen Standard Investments (ASI) has acquired a row of six adjoining shophouses along 48 to 56 Peck Seah Street for $54 million, or about $2,700 psf, in a deal concluded by JLL.This is ASI’s first acquisition in Singapore for its global real estate portfolio. The two-storey shophouses boast a 33m street...
By Timothy Tay / EdgeProp Singapore|February 12, 2020 9:30 PM SGT SINGAPORE (EDGEPROP) - Three shophouses at 7, 9, and 11 Jasmine Road, along with an adjacent plot of vacant land, are available for $22.88 million. The guide price translates to $1,185 psf and includes an estimated development charge based on the proposed gross floor area of 21,363 sq ft upon redevelopment of the site, says marketing...
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