SINGAPORE (EDGEPROP) - The top three sectors that hold the greatest “resilience and rebound potential” amid the Covid-19 pandemic are manufacturing, technology and hospitality, according to the Resilience and Rebound Ranking Report by Colliers International.The report identifies the most resilient industries over past crises and the opportunities for commercial real estate sectors beyond the current...
As the Covid-19 pandemic pushes firms to run remotely, forcing workers to adopt tech and adapt to virtual collaborations, the conventional function of the office as a physical meeting place for work has been tested. Property consultants dive in on the permanent changes they expect will be here to stay in the industry: 1. The office will have a new functionThe office of the future will have a new purpose....
SINGAPORE (EDGEPROP) - Despite being eight weeks into the “circuit breaker”, the seller of a three-bedroom unit at 8 @ Mount Sophia managed to turn in a healthy profit when the property was sold on May 26. It was also the most profitable deal recorded during the week in review from May 19 to 26.According to caveats lodged with URA Realis, the 2,497 sq ft unit fetched $2.62 million ($1,049 psf). It was...
SINGAPORE (EDGEPROP) - GSM Building at 141 Middle Road has been launched for en bloc sale at a reserve price of $98 million. It is the first commercial site to be launched since the lifting of some “circuit breaker” measures on June 2. The property, a corner double-frontage building facing Middle Road, has a balance lease term of about 61 years. The site, with a land area of 12,003 sq ft, is zoned for...
By Timothy Tay/ EdgeProp Singapore|April 9, 2020 6:00 AM SGT SINGAPORE (EDGEPROP) - The most profitable transaction during the week of March 24 to 31 was the sale of a 2,174 sq ft unit at Avon Park, a freehold development on Youngberg Terrace. The unit changed hands for $3 million ($1,380 psf) on March 27. It fetched $1.26 million ($579 psf) in September 1995. This means the seller earned a $1.74...
SINGAPORE (EDGEPROP) – Despite strict movement controls as part of the ‘circuit breaker’ measures from April 7, developers managed to sell 277 new private homes (excluding Executive Condominiums) during the month of April, based on the latest statistics from URA.“Buyers and Investors were fortunate to have access to show flats in the first seven days of April. Thereafter, all show flats in...
By Valerie Kor / EdgeProp Singapore | April 9, 2020 8:00 AM SGTOriginal Article: https://www.edgeprop.sg/property-news/guide-price-205-mil-two-bedroom-unit-marina-bay-residencesSINGAPORE (EDGEPROP) – At Marina Bay Residences - the 55-storey, 428-unit luxury condo at Marina Bay waterfront - a two-bedroom apartment with unblocked sea views towards Marina South is being sold as a bank sale.Edmund Tie, who...
By Cecilia Chow/ EdgeProp Singapore|April 5, 2020 1:40 AM SGT SINGAPORE (EDGEPROP) - Chip Eng Seng’s property arm CEL Development sold a total of 77 units at Kopar at Newton on the first day of sales on April 4. The units sold achieved an average price of $2,350 psf. Despite tighter safe distancing measures, Kopar at Newton saw 77 units sold on first day of its sales launch (Photo: CEL...
By Timothy Tay/ EdgeProp Singapore|April 3, 2020 10:00 AM SGT SINGAPORE (EDGEPROP) - A three-bedroom unit at Regency Suites on Kim Tian Road topped the list of most profitable deals for the week of March 17 to 24. The 1,421 sq ft unit changed hands for $2.7 million ($1,900 psf) when it was sold on March 23. The owner had bought it for $1.08 million ($760 psf) in December 2005. As a result of the sale,...
By Charlene Chin/ EdgeProp Singapore|April 3, 2020 8:06 AM SGT SINGAPORE (EDGEPROP) - As the Covid-19 outbreak has weakened market sentiments and thrown global economies into turmoil, Neil Brookes, Knight Frank’s head of capital markets in Asia Pacific, believes that Asia is better positioned to lead the post-pandemic recovery than the US or Europe.The numbers in the region currently point to pent-up...
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