Property News

Amber Park: Luxury and Convenient Living Re-Defined

SINGAPORE (EDGEPROP) – Amber Park is an exciting brand new condo development located along 14 Amber Garden. The condo sits at the heart of East Coast Marine Parade, D14, in an established private estate. Amber Park is set to be one of the most-sought-after residential developments in the area not only because of its iconic design but also because of the Freehold tenure of the land within which it...

Singapore residential market outlook remains stable in 2019

SINGAPORE (EDGEPROP) – CGS-CIMB research said the Singapore residential market outlook remained relatively stable in 2019. The research ‘Real Estate Day wrap-up’ said both property developers and property services companies expect the Singapore residential market to remain relatively stable with primary transaction volumes in 2019 to remain relatively flat compared to 2018 as lower take-up rates...

Ultra-luxury residential project – first by Swire Properties named “Eden”

SINGAPORE (EDGEPROP) – Swire Properties officially unveiled its first ultra-luxury residential project in Singapore today (April 18), “EDEN”, an exclusive apartment building inspired by Singapore’s vision as a ‘city in a garden’ and designed by Thomas Heatherwick of Heatherwick Studio.Swire Properties develops and manages commercial, retail, hotel and residential properties, with a particular...

Jurong Lake District transformation to see area developed into major tourist spot

SINGAPORE (EDGEPROP) – The Jurong Lake District transformation will include marked change of a part of that area into major tourist destination said the Senior Minister of State (SMS) for Trade and Industry, Chee Hong Tat. The SMS made the announcement on the Jurong Lake District transformation at the Tourism Industry Conference organised by the Singapore Tourism Board (STB) on April 16.Image credit:...

Property investment sales declined sharply in Q1 2019

– Property investment sales fell 52% YOY to SGD5.3 billion in Q1 2019 on weaker commercial and industrial volumes– Public land sales amounting to SGD2.1 billion boosted property investment sales volumes in Q1– Potential upside ahead as Draft Master Plan 2019 incentives could spark more investors’ interest in the redevelopment of older buildings in the CBDSINGAPORE (EDGEPROP) – Property investment...

Newton Lodge launches en bloc sale with $44 million price tag

SINGAPORE (EDGEPROP) – Newton Lodge, a 16-unit collective sale site at Newton Road, has been launched for sale by sole marketing agent, JLL.Newton Lodge is conveniently located some 400 meters 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...

Singapore home price growth to moderate to 2% in 2019

SINGAPORE (EDGEPROP) – One of the world’s most recognised statistical rating organisations has predicted that the home price growth here will moderate in the next two years. According to Fitch Ratings in its 2019 Global Housing and Mortgage Outlook report, Singapore home prices are expected to show moderate growth of 2% in 2019 and 3% in 2020.The report said: “Fitch expects home price growth to be...

Land tenders for GLS closed with bids received above expectation

SINGAPORE (EDGEPROP) – The Urban Redevelopment Authority today announced that it has closed land tenders for hotel site at Club Street and residential site at Kampong Java Roa. The public tenders for the two sites at Club Street and Kampong Java Road were launched on 27 September 2018 and 31 October 2018 respectively. The Housing & Development Board (HDB) said in a separate announcement that it...

5,000 households disposed their private properties after purchasing HDB resale flats

SINGAPORE (EDGEPROP) – In keeping with the Government policy requirement to dispose of private property when buying HDB resale flats, 5,000 households disposed of their private properties in the last eight years. The Minister for National Development revealed these figures in answering a parliamentary question.The Minister responded to the Workers’ Party MP, Muhamad Faisal Abdul Manap who...

Boutique Hotel at Desker Road for sale at guide price of $28 – $30 million

SINGAPORE (EDGEPROP) – A 25-room freehold boutique hotel on Desker Road in the Little India vicinity is up for sale by expression of interest (EOI). The site has a guide price of about $28 million to $30 million, according to marketing agent Knight Frank.Image credit: Knight Frank SingaporeThe property is currently operating under the name of Hotel Marrison @ Desker, with an average occupancy rate of...

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