Singapore Property News

Non-property companies drawn by prospect of better investment returns REAL estate in Singapore has become so hot that a growing number of non-property players have been attracted to a market they believe can offer better investment returns than their core business. New players are making inroads into almost all segments of the property market – commercial, residential and [...]

Khaw is not afraid of making radical changes, listening to the ground THE raft of changes to Singapore's housing policy makes it hard to believe it's just been about three weeks since the new Cabinet was announced and Singapore had a new property czar. Yet in the time since former health minister Khaw Boon Wan took over at [...]

DRAGON Mansion, a freehold residential development located on the fringe of the Central Business District, is up for collective sale with an indicative price of $150-156 million, or $1,340-1,392 per square foot per plot ratio (psf ppr). Sole marketing agent Jones Lang LaSalle (JLL) said the site consists of two plots of land: Dragon Mansion and a substation. [...]

AN INDUSTRIAL site in Jurong will be launched for sale by public tender in two weeks, after a developer lodged a minimum bid acceptable to the Government. The 30-year leasehold site is one of a cluster of three sites along Pioneer Road North and Soon Lee Street. The other two sites have been sold. The latest site was [...]

A CONDOMINIUM site in Buangkok has secured a top bid of $247 million in a four-way tussle among developers. The moderate level of interest was in line with market expectations. Qingdao Construction lodged the top bid of $247 million – or $391 per sq ft (psf) per plot ratio (ppr) – for the 19,549 sq m site at [...]

Khaw asks HDB to look into releasing unsold units; it could boost total to 26,000 this year EVEN as the latest offer of 3,957 Build-To-Order (BTO) flats drew to a close yesterday, National Development Minister Khaw Boon Wan announced yet another infusion to ramp up supply. He has asked the Housing Board to look into releasing 1,000 unsold [...]

A SHOPPING mall and office complex with a total development cost of $1.5 billion is set to be built beside Jurong East MRT station as rejuvenation plans for the area continue gaining traction. A consortium of CapitaMalls Asia (CMA), CapitaMall Trust (CMT) and CapitaLand said yesterday they plan to build a 25-storey retail and office development. They said [...]

Not every mature estate has room for more flats, says Khaw NATIONAL Development Minister Khaw Boon Wan yesterday gave a clearer indication of which mature towns could see more new flats offered to young home-buyers. These are unlikely to include established, densely populated estates like Tanjong Pagar as they 'are already substantially built up', he said in his [...]

INDUSTRIAL developer Global Orion Properties has ventured into the residential arena with its 108-unit The Viridian in the Balestier area. Units at the freehold project are priced at an average of $1,550 per square foot (psf), with overall prices starting from $785,000 for a one-bedroom unit. The 23-storey The Viridian comprises mostly one- and two-bedroom units. Previews start [...]

Paya Lebar Central mixed-use plot seen drawing bids of $860-$940 psf ppr THREE new 99-year leasehold state land parcels were released for sale yesterday: a 2.07 hectare mixed-use site at Paya Lebar Central; a 0.38 ha hotel site at Little India; and an executive condominium (EC) housing parcel at Upper Serangoon View.   All three sites are being [...]