Stories By: PropertyGuru (2,134 Articles Found)

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GuocoLand to launch Midtown Modern on 20 March

Midtown Modern, a luxury residential project at mega integrated development Guoco Midtown on Beach Road and Tan Quee Lan St, is set for launch on 20 Mar. Comprising two 30-storey towers and a retail podium, the 558-unit development…

Fitch affirms ‘BBB’ ratings on Starhill Global REIT

Fitch Ratings has affirmed the ‘BBB’ long-term ratings on Starhill Global REIT medium-term notes and debt issuance programmes, as stable. The affirmation reflects Fitch’s expectations that leverage will stay “below the agency’s negative rating sensitivity of 9.0x in…

Singapore ranked most desirable location for luxury homes by Asia’s wealthy

Singapore has emerged as the most desirable locations to buy investment homes for wealthy Asians within Asia and the fourth most desirable among Asian homebuyers globally. This comes as Singapore continues to be an “oasis for investments due…

Government adopts consultative, calibrated approach in balancing heritage preservation with development needs

MND reveals that URA closely works with NHB as well as expert panels and key stakeholders to integrate heritage considerations upstream in its land use planning process. With built heritage strengthening Singaporeans’ sense of identity and history, the…

Woodlands Industrial Park site launched for application

JTC has launched an industrial site at Woodlands Industrial Park for application under the first half of the 2021 IGLS programme. Located at Woodlands Industrial Park E7/E8, the 30-year leasehold site has an area of 0.77 ha and…

Dublin Lodge on sale for $67.55mil

The owners of Dublin Lodge, a two-storey residential development along Dublin Road, off Killiney Road, have put the freehold development for sale, expecting offers above their $67.55 million reserve price, revealed Knight Frank. This works out to 2,500…

Nine Joo Chiat Place shophouses on sale for $33.9mil

A row of nine conservation shophouses located at 30 to 46 Joo Chiat Place is up for sale via EOI with an indicative price of $33.9 million or around $2,422 psf on the land area, revealed Huttons Asia…

CapitaLand, Shopee unveil IMM virtual mall

IMM, Singapore’s largest outlet mall operated by CapitaLand, has launched its virtual mall on Shopee to help Singapore retailers embrace digitalisation. In an SGX filing, CapitaLand noted that the initiative is an “outcome of the EST’s AfA on…

13 towns identified for Remaking Our Heartland scheme since 2007

A total of 13 towns/estates have been identified for the ROH scheme since the programme was launched in 2007, said MND in Parliament on Mon. The towns are identified based on their potential and opportunities for rejuvenations, said…

Economic rebound to lift most property sectors

An economic rebound in 2021 is expected to lift most of Singapore’s property sectors to some extent, particularly the residential, office and industrial sectors. The residential property sector, for instance, is expected to post a recovery in private…

Prices, rents for Singapore industrial space up in Q4

Prices and rents for industrial spaces increased 1% and 0.1% q-o-q respectively during the fourth quarter of 2020, showed JTC data on Thurs. For the whole of 2020, prices and rents still fell 2.7% and 1.5% respectively. The…

Landed homes market to see increased activity this year

With demand for landed homes remaining healthy, Knight Frank expects to see increased activity in the landed homes segment this year as many potential homeowners look to seize the low-interest rate environment and high liquidity. Landed home prices…

2021 a year of two halves for Singapore’s office market

CBRE envisage 2021 as a year of two halves for Singapore’s office market, with the first half likely to be under pressure and the second half witnessing some improvement. “The underlying strength of the office market is underpinned…

Eight office units at Paya Lebar Square up for sale

Eight adjoining office units at Paya Lebar Square have been put up for sale via EOI, revealed CBRE. The eight office units are located on the eighth floor and have a combined strata floor area of around 5,469…

Singapore auction market posted higher success rates in 2020

Singapore saw total auction listings, including repeat listings, for 2020 fell to 495 from 1,387 in 2019 as physical auctions were barred for most of the second quarter and third quarter of 2020 due to circuit breaker measures…

Private home prices up in Q4 2020, while new homes sales fell

Singapore saw private home prices increase for a third consecutive quarter by 2.1% q-o-q during the fourth quarter of 2020 – the steepest quarterly increase in over two years. For the whole of 2020, private home prices rose…

HDB resale prices up 3.1% in Q4 2020, 5% in 2020

Despite the difficult economic conditions, the HDB resale market remained in good shape, with prices rising for the third consecutive quarter by 3.1% in the fourth quarter of 2020. It is also the highest quarterly hike since Q3…

Decentralised, high-quality business parks to be in demand

C&W expects decentralised and high-quality business park space to be in demand as companies explore new ways of working. It noted that the “rationale for a central office location due talent retention” may weaken amidst the increasing adoption…

CBD Grade A office rents to increase 5.5% this year

Singapore saw CBD Grade A office rents ease moderate further by 2.1% q-o-q to $9.57 psf in the fourth quarter of 2020, revealed a Colliers Intl report. For the whole of 2020, rents declined 5.4%. “The prime office…

Singapore residential investment volume doubles in Q4 2020

Singapore saw total property investment volume for the fourth quarter of 2020 hit $3.33 billion, while the full-year investment tally stood at $23.7 billion, revealed a C&W report. Residential investment volume doubled from $0.82 billion in Q3 2020…

Multiple-user factory rent marginally contracts in Q4 2020

Singapore saw the median rent of multiple-user factory spaces decline marginally by 3.1% q-o-q to $1.73 psf pm in the fourth quarter of 2020, revealed a Knight Frank report. On an annual basis, multiple-user factory rent slipped 0.9%.…

12 International Business Park on sale for $40mil

12 International Business Park off Jurong Town Road has been put up for sale via private treaty, with a guide price of $40 million, revealed Savills. With a GFA of around 116,695 sqft, the property is nestled on…

Chip Eng Seng warns of a net loss for FY2020 due to COVID-19

Chip Eng Seng expects to report a net loss for FY2020 compared to its $32.6 million net profit for FY2019, due to the COVID-19 pandemic’s adverse impact on the group’s businesses. In a profit warning issued on Mon,…

CDL secures $470mil green revolving credit facility

City Developments Limited (CDL), via its fully-owned unit CDL Properties Ltd, has obtained a $470 million green revolving credit facility for refinancing its flagship commercial property, Republic Plaza, and on-lending to other eligible green projects. On Wed, CDL…

Chip Eng Seng clinches $32.9mil upgrading contract from HDB

Chip Eng Seng Corp’s wholly-owned unit, CES Engg & Construction, has been awarded a $32.9 million contract by HDB. The contract relates to the design and build of upgrading projects for certain precincts in Singapore – namely, Serangoon…

Govt launches 3.86ha of industrial land for 1H 2021

The government has launched three confirmed list sites and three reserved list sites, with a total area of 3.86 ha, under the IGLS programme for the first half of 2021, revealed MTI on Tues. The confirmed list sites…

Housing market demand to remain resilient next year

Singapore property market’s long-term prospects will continue to be positive as the city-state’s key fundamentals remained intact in spite of the COVID-19 pandemic, said OrangeTee. For instance, its pro-business environment, excellent education and healthcare standards, political stability and…

Keppel clinches multiple awards from BCA this year

The Keppel Group bagged multiple awards from BCA this year in “recognition of its commitment to sustainability and excellence in the built environment”. For the second year in a row, Keppel Land was presented with the BCA Quality…

PropertyGuru FastKey powers Phoenix Residences launch

USB (Phoenix) Pte Ltd has used PG FastKey for all the sales booking of Phoenix Residences at Bukit Panjang. Launched on 12 Dec, the District 23 development features 74 residential units spread across three five-storey blocks. It offers…

Singapore Property Market Outlook 2021 Report: Predicting the Real Estate Market in 2021

The PG Singapore Property Market Outlook 2021 looks back on the momentous happenings and events that have impacted the property sector this year to predict what’s in store for 2021. The key defining event of 2020 was the…

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