SINGAPORE (EDGEPROP) - Knight Frank Singapore today announced the relaunch of the sale of Beauty World Plaza en bloc sale by tender. Beauty World Plaza located in District 21, is a mixed commercial and residential development comprising a single block with 61 retail units and 30 residential units, with a site area of 2,305.6 sqm (approx. 24,817 sq ft).Under the 2014 Master Plan, the Beauty World Plaza is...
SINGAPORE (EDGEPROP) - For a small city-state like Singapore, the stock of super penthouses is limited, said new research by List Sotheby’s International Realty (List SIR). Those that are in exclusive and prestigious developments within prime locations are highly sought after, it added.Transactions of super penthouses in Singapore were far and few between, but growing, the research showed. Only six...
SINGAPORE (EDGEPROP) - Prime homes demand saw property sales jumping by 30% last month. Data released by the Urban Redevelopment Authority of Singapore (URA) showed that a total of 952 private homes were sold in May, up from 735 in April. Including May’s numbers, a total of 3,525 units have been sold year-to-date, out of 4,827 units launched year-to-date in 2019.Commenting on the URA’s data, Colliers...
SINGAPORE (EDGEPROP) - List Sotheby’s International Realty (List SIR) announced that a full floor plate at Springleaf Tower is up for sale at $27.2 million. The 9,870 sq ft prime office space is on a high floor at the 21st floor with an obstructed sea view.Image credit: List SIR – The full floor plate at the skyscraper may be bought in personal nameThe full floor plate at the skyscraper is located at...
SINGAPORE (EDGEPROP) - Rivière draws praise from Frasers’ retail and commercial tenantsFollowing the success of Frasers Property Singapore’s inaugural tenant mixer at Seaside Residences, it organised its second exclusive tenant event at Rivière. The tenant-only private preview of the highly-anticipated Rivière, which took place on Tuesday, 28 May, ended on a high note. Frasers’ retail and...
SINGAPORE (EDGEPROP) - 2H2019 GLS to yield 6,430 private residential units, 92,000 sqm gross floor area (GFA) of commercial space and 1,100 hotel roomsThe Government today (June 6) announced the second half 2019 (2H2019) Government Land Sales (GLS) Programme, which comprises five Confirmed List sites and eight Reserve List sites. These sites can yield about 6,430 private residential units, 92,000 sqm...
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...
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