SINGAPORE (EDGEPROP) – Strata Titles Board today blocked the collective sale of Goodluck Garden with a stop order after seven minority owners objected to the sale on the grounds of lack of good faith. Two rounds of mediation efforts were made before the stop order was issued.The Strata Titles Board will not approve an en bloc sale application if it was satisfied that the sale was not conducted in good...
SINGAPORE (EDGEPROP) – The uplift in economic and manufacturing sector performances and signs of an imminent bottoming of the industrial property market have not prompted the Government to up the IGLS industrial sites supply for the second half of 2018, said JLL. It noted that the IGLS supply for second half of 2018 has been kept relatively similar to that for first half of 2018. Specifically, the 2nd...
SINGAPORE (EDGEPROP) – Dalvey Court at 28 Dalvey Estate, a highly coveted and exclusive residential enclave in District 10 has been put up for collective sale. Completed in 1976, Dalvey Court is a nine-storey residential block comprising 32 apartment units of similar size. Cushman & Wakefield, the appointed marketing agent for the property has garnered the requisite 80 per cent consensus by share...
SINGAPORE (EDGEPROP) – Prime city-fringe commercial freehold sites in Jalan Besar changed hands from City Developments Limited (CDL) to Hwa Hong Corporation for $13.8 million. Hwa Hong used its indirectly wholly owned subsidiary Global Trade Investment Management Pte Ltd to exercise the option to purchase today.The commercial freehold sites at the entrance to the former New World Amusement Park went up...
SINGAPORE (EDGEPROP) – A British research suggests that first time home owners still find it very difficult to secure home loans. 89 per cent of first time home buyers find it difficult to get a mortgage loan said the study from Aldermore.The study which sampled British home buyers noted that raising a deposit is still the number one obstacle for four in ten of prospective first time buyers, up from 34...
SINGAPORE (EDGEPROP) – According to a recent report by Maybank Kim Eng, fewer homes were sold by property developers here in the first five months of 2018 compared to last year. The report further said that developer stocks in Singapore fell 4 per cent even as home prices rose by 7 per cent year-to-date.The banks report reference Urban Redevelopment Authority’s data which showed that there was a deluge...
SINGAPORE (EDGEPROP) – Two prominent commercial buildings along Selegie Road – Selegie Centre and Peace Centre – may be up for en bloc sale soon. Selegie Centre has obtained approval from 90 per cent of owners to be sold en bloc, whereas Peace Centre is 10 per cent shy of the requisite 80 per cent approval level.Selegie Centre, a 10-storey freehold commercial building has a reserve price set at...
SINGAPORE (EDGEPROP) – Stirling Residences is a brand new property launch by the Hong Kong-listed Logan Property and the renowned Chinese developer Nanshan Group. Located along Stirling Road in the mature District 3, the condominium development is set to be officially launched in the second quarter of 2018 and should be complete by 2022. If you’ve ever dreamt of owning a condo property that’s located...
SINGAPORE (EDGEPROP) – A new survey suggests that millennials are the most likely to buy multiple homes. The research paper ‘Beyond the Bricks 2’ by HSBC interviewed more than 10,000 people across 10 countries and territories to arrive at this conclusion. Their survey included 1,000 home owners and prospective home owners from Singapore.The survey said millennials (those aged between 21 and 36 years...
SINGAPORE (EDGEPROP) – Owning a luxurious place which offers you all the modern amenities of life and utmost comfort is every person’s dream. If you are on the quest to find the right place for yourself and your family to reside in, 120 Grange might just be the perfect choice for you. Situated in the premium district of Singapore on 120 Grange Road, the condos are a newly constructed luxurious abode...
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