By Timothy Tay/ EdgeProp Singapore|February 5, 2020 4:53 PM SGT SINGAPORE (EDGEPROP) - Eleven commercial units in Balestier Point are available for sale collectively or on an individual basis, announced marketing agent Savills Singapore. The entire portfolio of freehold units comes with an indicative price of $68 million, or $1.22 million for the smallest-sized unit, and will be sold through an...
By Timothy Tay/ EdgeProp Singapore|February 4, 2020 5:23 PM SGT SINGAPORE (EDGEPROP) - A pair of shophouses at 24 and 26 Moonstone Lane have been offered for sale as a bundle by Expression of Interest, announced CBRE, the sole marketing agent for the sale. The freehold properties have an indicative pricing of $6.6 million. This translates to $944 psf per plot ratio based on the site’s maximum...
By Charlene Chin/ EdgeProp Singapore|January 30, 2020 4:28 PM SGT Source: Colliers SINGAPORE (EDGEPROP) - Private residential prices in Singapore grew 2.5% in 2019, despite cooling measures imposed by the government in late 2018 and amid a subdued economy, and are forecast to grow 3% in 2020, according to research by Colliers International. The “record high” of housing supply from 2014 to...
By Cecilia Chow/ EdgeProp Singapore|January 28, 2020 4:43 PM SGT SINGAPORE (EDGEPROP) - In the Little India Conservation Area, a corner shophouse at 60 Upper Weld Road is now available for sale. Pearly Tan, associate marketing director of PropNex Realty and Ken Shi, key executive officer of Prop-Today. The corner shophouse on Upper Weld Road that's on the market for $7.5 mil (Photo: Pearly...
By EdgeProp Singapore / EdgeProp Singapore | January 24, 2020 8:01 AM SGT SINGAPORE (EDGEPROP) - The number of mortgagee sale listings in Singapore has seen a 61.1% jump y-o-y, from 391 in 2018 to 630 in 2019, boosted by more listings from the industrial, retail and residential segments. These findings were released in a Knight Frank market report on Jan 17. In 4Q2019, the number of auction listings...
By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 11:53 PM SGT SINGAPORE (EDGEPROP) - URA’s statistics showed retail rents continued to improve in 4Q2019. Retail rents in the Central Region were 2.3% higher q-o-q, showing the same pace of growth as the previous quarter. For the full year 2019, retail rents for the Central Region were up 2.9% y-o-y, reversing the full year decline of 1.0% in 2018....
By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 11:37 PM SGT SINGAPORE (EDGEPROP) - In 4Q2019, the office rental index in the Central Region registered a decrease of 3.2% q-o-q. This rental decline was steeper than the -0.6% q-o-q in 3Q2019, notes Desmond Sim, CBRE head of research for Southeast Asia. This brings the total office rental index to a 3.1% decline for the whole of 2019. “The...
By Cecilia Chow/ EdgeProp Singapore|January 23, 2020 6:10 PM SGT A 3 ½ storey conservation shophouse on Teo Hong Road in the Bukit Pasoh Conservation Area is on the market for sale. The 3 1/2 storey conservation shophouse at 21 Teo Hong Road in the Bukit Pasoh Conservation Area has a floor area of 5,000 sq ft and sits on a freehold site of 1,672 sq ft (Photo: PropNex Realty) The shophouse sits...
By Timothy Tay/ EdgeProp Singapore|January 23, 2020 5:26 PM SGT SINGAPORE (EDGEPROP) - HDB resale transactions rose 1.2% q-o-q in 4Q2019, from 6,264 transactions in the previous quarter to 6,339 transactions in 3Q2019. Compared to the same period a year ago, resale transactions last quarter are also 12.5% higher y-o-y.Last year also saw a recorded 23,714 resale HDB transactions, increasing 2.7% y-o-y....
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....
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