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SINGAPORE (EDGEPROP) – A consortium led by Far East Organizaton and Perennial Holdings has made a $700 million offer for Golden Mile Complex, located on Beach Road. Map and overview of Golden Mile Complex (Source: EdgeProp LandLens) The strata-titled, mixed-use development, which is gazetted for conservation, was put up for collective sale last year at […]
What is sub-sale? URA defines sub-sale as “the sale of a unit by one who has signed an agreement to purchase the unit from a developer or a subsequent purchaser before the issuance of the Certificate of Statutory Completion and the subsidiary Strata Certificates of Title for all units in the development” which basically refers […]
Property developers are expected to see little to no impact by the latest Budget 2022 measures, according to DBS Group Research and RHB Group Research. The Budget 2022 that was announced on Feb 18 included an increase in property taxes for investment property, as the government moves to tap the wealthy for a bigger proportion of […]
Singapore’s economic growth for 4Q2021 – which covers the period between October and December – expanded 6.1% y-o-y, slower than the 7.5% uptick in the preceding quarter. With this, the republic’s overall Gross Domestic Product (GDP) for 2021 was up by 7.6%, up from 7.1% guided by advance estimates, the Ministry of Trade and Industry […]
SINGAPORE (EDGEPROP) – CapitaSpring announced on Feb 9 that 93% of its 673,000 sq ft of workspace and retail net lettable area (NLA) has been committed. See also: Straits Trading buys two Australian office buildings for A$150 mil The 51-storey integrated development received its temporary occupation permit (TOP) at the end of last year. It is […]
SINGAPORE (EDGEPROP) – A duplex penthouse at Marina Bay Residences will be put up for auction by Knight Frank on Feb 24. The 4,435 sq ft unit is a mortgagee sale. It has a guide price of $12.6 million ($2,841 psf). See also: Unit at Marina Bay Residences turns in $5.47 mil profit The penthouse is […]
SINGAPORE (EDGEPROP) – Singapore’s commercial real estate investment volume shot up 430% y-o-y in 4Q2021 to $2.9 billion, anchored by the sale of office property One George Street for $1.28 billion last November. This brings Singapore’s total commercial real estate investment volume to $9 billion for the whole of 2021, up 177% y-o-y, according to a report […]
SINGAPORE (EDGEPROP) – Industrial rents and prices continued their upward trend for a fifth consecutive quarter in 4Q202, according to statistics released by JTC on Jan 27. Overall industrial rents inched upwards by 0.2% q-o-q in 4Q2021 while overall industrial prices rose by 1.4% q-o-q. On a y-o-y basis, overall industrial rents and prices grew […]
SINGAPORE (EDGEPROP) – Singapore’s property market is likely to emerge faster than its Southeast Asian peers from the slump induced by Covid-19 as the region races to vaccinate its population, according to analysts. Vietnam is also expected to do better than most other major economies in the region. Although challenges are unlikely to go away […]
SINGAPORE (EDGEPROP) – A two-bedroom unit at Reflections at Keppel Bay, located along Keppel Bay View in District 4, is up for sale under private treaty at $2.15 million ($1,678 psf), according to Edmund Tie, which has been appointed marketing agent by the bank handling the mortgagee sale. The ground-floor unit, which spans 1,281 sq ft, […]