By Timothy Tay/ EdgeProp Singapore|February 17, 2020 5:24 PM SGT SINGAPORE (EDGEPROP) - The IOB Building at 64 Cecil Street is on the market from $1,800 psf per plot ratio (ppr), announced marketing agent Knight Frank Singapore. Located at the junction of Cecil Street and Cross Street, IOB Building is a six-storey office development with two basement carpark floors. The property sits on a 9,599 sq ft...
By Cecilia Chow/ EdgeProp Singapore|February 16, 2020 9:57 PM SGT SINGAPORE (EDGEPROP) Feb 16, 2020 – Joint venture companies, Hoi Hup Realty and Sunway Developments, announced that 316 out of a total of 496 units in Parc Canberra executive condo (EC) have been sold over the weekend. This translates to a 64% take up rate. Units were sold at an average price of $1,085 psf. Balloting of units at...
By Timothy Tay/ EdgeProp Singapore|February 14, 2020 4:39 PM SGT SINGAPORE (EDGEPROP) - Premium office occupancy costs in Singapore have been ranked as the 14th most expensive in the world, with net effective rents and occupancy costs running at about US$117 ($162.73) per year psf (py/psf), or just over half the premium rents in Hong Kong’s Central District.The result is based on JLL’s “Premium...
By Charlene Chin/ EdgeProp Singapore|February 14, 2020 7:58 AM SGT The seller of a unit at Camelot By-The-Water, on Tanjong Rhu Road, made the top gain over the week of Jan 28 to Feb 4 (Credit: Albert Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) - The seller of a unit at Camelot By-The-Water, on Tanjong Rhu Road, made the top gain of $1 million over the week of Jan 28 to Feb 4. The 4,801 sq ft unit...
By Timothy Tay/ EdgeProp Singapore|February 12, 2020 9:15 PM SGT SINGAPORE (EDGEPROP) - Aberdeen Standard Investments (ASI) has acquired a row of six adjoining shophouses along 48 to 56 Peck Seah Street for $54 million, or about $2,700 psf, in a deal concluded by JLL.This is ASI’s first acquisition in Singapore for its global real estate portfolio. The two-storey shophouses boast a 33m street...
By Timothy Tay / EdgeProp Singapore|February 12, 2020 9:30 PM SGT SINGAPORE (EDGEPROP) - Three shophouses at 7, 9, and 11 Jasmine Road, along with an adjacent plot of vacant land, are available for $22.88 million. The guide price translates to $1,185 psf and includes an estimated development charge based on the proposed gross floor area of 21,363 sq ft upon redevelopment of the site, says marketing...
By Timothy Tay/ EdgeProp Singapore|February 11, 2020 4:22 PM SGT SINGAPORE (EDGEPROP) - Three strata office units at Fu Lu Shou Complex have been launched for sale by Expression of Interest exercise at $1,400 psf, which works out to a price tag of about $7.2 million, announced CBRE, the sole marketing agent.Fu Lu Shou Complex is a six-storey mixed-use development at 149 Rochor Road, and it comprises a...
By Timothy Tay/ EdgeProp Singapore|February 11, 2020 3:47 PM SGT SINGAPORE (EDGEPROP) - HDB has launched 3,095 flats for sale under its February 2020 Build-To-Order (BTO) exercise. Two new projects are in Toa Payoh, while one is in Sembawang.Located at the junction of Lorong 1 Toa Payoh and Toa Payoh Rise, the 920-unit Toa Payoh Ridge comprises four blocks of 25 to 40 storeys. There will be 653...
By Cecilia Chow/ EdgeProp Singapore|February 7, 2020 2:34 PM SGT SINGAPORE (EDGEPROP) - The combination of travel restrictions and dearth of Chinese buyers is affecting demand for luxury properties in the prime districts. Most property developers are going ahead with their previews and launches but sentiments are more subdued, leading to calls for some property cooling measures to be lifted. The...
By Charlene Chin/ EdgeProp Singapore|February 7, 2020 8:06 AM SGT The second top gain made over the week – a 131% profit – was at Elizabeth Heights, on Cairnhill Road (Credit: Samuel Isaac Chua/ The Edge Singapore) SINGAPORE (EDGEPROP) - The seller of a unit at The Imperial, on Jalan Rumbia, made the top gain of $3.35 million over the week of Jan 21 to 28. The 3,531 sq ft unit on the 13th floor...
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