Stories By: PropertyGuru (2,258 Articles Found)

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Auction success rate drops to 4.7% in Q3

Singapore’s property auction market saw success rate drop 4.7% in the third quarter of 2021, from 6.4% in the preceding quarter, according to Knight Frank. A total of seven properties were transacted for $20.3 million in Q3 2021,…

Property investments sales up 6.9% in Q3

Singapore’s real estate investment sales increased 6.9% q-o-q and 79% y-o-y to $7.5 billion in the third quarter of 2021, on the back of higher GLS, revealed Colliers Intl. Residential sales climbed 11.6% q-o-q to $3.5 billion in…

Holland Hill Lodge up for en bloc sale for $25.8mil

Holland Hill Lodge, a freehold residential development at 5 Holland Hill, has been put up for en bloc sale via public tender, revealed SRI Capital Market. The development carries a land price of $25.8 million, which translates to…

Two sites at Slim Barracks Rise awarded to EL Development, Gao Xiuhua

The tenders for the two sites at Slim Barracks Rise have been awarded to EL Development and Gao Xiuhua, after they submitted the highest bids for the sites, announced URA on Mon. El Development submitted the top bid…

OUE C-REIT obtains $540mil sustainability-linked loan

OUE Commercial REIT (OUE C-REIT) has obtained its first sustainability-linked loan amounting to $540 million. It obtained the loan from a consortium of five lenders, including OCBC which also acts as the transaction’s sustainability advisor. In an SGX…

CBD Grade A office rents rebound 0.7% in Q3

In Q3 2021, CBD Grade A office rent is at $9.59 psf, registering a modest q-o-q increase of 0.7% after five quarters of consecutive drops. After five consecutive quarterly drops, Grade A office rents in Singapore’s CBD rebounded…

HDB not to provide direct financial subsidies for open market rental

The decision by HDB not to provide direct financial subsidies for rental units on the open market was made to prevent driving up market rentals and inducing demand. HDB has no plans to provide flat buyers with direct…

PPHS income ceiling allows gov’t to prioritise families in greater need of temporary housing

Delays in the construction of BTO flats, increased competition for open market rental, and the growing number of those who work from home have led to more demand for PPHS flats. The income ceiling of $7,000 for HDB…

LOGOS obtains $64.35mil green loan for Tanjong Penjuru Crescent property

LOGOS has obtained a $64.35 million green loan to redevelop its industrial property at 2 Tanjong Penjuru Crescent. This comes as the company partnered StanChart and RHB Bank Berhad for a 2.5-year green financing package, which includes a…

JTC launches Gambas Way site for tender

JTC on Tues announced that an industrial site at Gambas Way (Plot 3) has been launched for tender under the second half of the 2021 IGLS Programme. Zoned for Business 2 use, the 0.69 ha site has a…

El Development and Gao Xiu Hua submit top bids for Slim Barracks Rise GLS sites

Two residential sites at Slim Barracks Rise received robust interest during the close of their tender, with each site attracting 10 bids, revealed URA on Tues. The tender for the 99-year leasehold sites was launched on 15 June…

999-year non-conservation shophouse at Jalan Besar on sale for $5.9mil

A two-storey with attic non-conservation shophouse at 284 Jalan Besar has been put up for sale via EOI with a guide price of $5.9 million, revealed Savills. With a leasehold tenure of 999 years, the shophouse occupies a…

Gilstead Road residential site up for sale for $91.8mil

A freehold residential site at Gilstead Road in District 11 has been put up for sale via tender with an asking price of $91.8 million. Edmund Tie said the price works out to a land rate of about…

Industrial development at 8B Buroh Street on sale for $22mil

A part-single-part-four-storey industrial development at 8B Buroh St has been put up for sale via a private treaty with an indicative price of $22 million, revealed CBRE. Comprising warehouse and ancillary office space, the development also comes with…

Parc Greenwich sells 65% of units over launch weekend

Parc Greenwich, an EC development next to the Seletar Hills landed enclave, sold 65% or 322 out of its 496 units during its launch weekend. Jointly developed by Frasers Property Singapore and CSC Land Group, the development is…

Almost 50% of residents at Singapore’s Downtown are in their 20s, 30s

Almost half of Singapore’s Downtown area residents are in their 20s and 30s, compared to around 25% of the residents within traditional prime areas, revealed Edmund Tie. Small families and singles are also common, with the latter group…

Four-storey hotel at Sims Avenue on sale for $23mil

Regin Hotel, a freehold four-storey hotel at 56 Sims Ave, has been put up for sale via EOI with a guide price of $23 million, revealed CBRE. This translates to about $500,000 per key or $2,166 psf based…

Singapore buildings to meet higher standards under revised green certification scheme

New and existing buildings in Singapore will have to meet higher sustainability standards to be certified green under BCA’s revised scheme. An internationally recognised green building certification scheme designed for the tropical climate, BCA Green Mark 2021 was…

Guide for rating eco credentials of property launches in Singapore

A website for home-buyers has launched a service in Singapore that identifies properties with small environmental footprints. The ‘Green Score‘ from PG rates condominiums and public housing flats on their relative green merits, weighing up factors such as…

Development charge rates up for residential use, slashed for commercial use

The Government has raised the DC rates for landed and non-landed residential use groups for the half-year period starting 1 Sept, amid the private housing market’s healthy performance. For landed residential use, the DC rates have increased by…

Jalan Anak Bukit site awarded to Far East Organization, Sino Group

The tender for a commercial and residential site at Jalan Anak Bukit has been awarded to Far East Organization and Sino Group, which jointly submitted the highest bid of about $1.028 million via various entities namely, FE Landmark,…

60% of The Watergardens at Canberra sold at launch

The Watergardens at Canberra received robust interest during its launch weekend, with 60% of its 448 units sold. Prices for its two-bedroom units start from below $920,000, below $1.3 million for its 3-bedders and below $1.8 million for…

Three-storey shophouse in Boat Quay on sale for $16mil

A three-storey conservation shophouse at 77 Boat Quay has been put up for sale via EOI with a guide price of $16 million or $4,279 psf)on total floor area, revealed CBRE. With a total floor area of about…

Singapore private home market to remain on sound footing

Barring the introduction of cooling measures from the government, Singapore’s private homes market is expected to remain on sound footing, with new launch activity picking up in the second half of the year, according to Edmund Tie. This…

Chip Eng Seng sells three Geylang Road shophouses

Chip Eng Seng has agreed to sell three of its shophouses at 157, 159 and 161 Geylang Road for $8.63 million to an unrelated third party. The property is part two-storey, part four-storey corner commercial shophouse that was…

Knight Frank survey finds 43% of retailers still pursuing real estate expansion plans

Singapore’s return to “Heightened Alert” in May have not derailed the plans of some retailers to seek new physical retail space this year. Knight Frank’s latest retailers’ sentiment survey showed that 43.3% of retailers intended to push through…

Singapore industrial market continues recovery into H1 2021

Singapore’s industrial property market remained resilient in the first half of 2021, with JTC price and rental indices rising 2.7% h-o-h and 1.1% h-o-h, respectively, said Colliers Intl in its latest report. Colliers’ research showed that average monthly…

Average retail rents down 2.4% in H1

Singapore saw average retail rents drop 2.4% in the first half of 2021 – even as net absorption turned positive – as landlords prioritise occupancy over rents, according to a report by Colliers Intl. Island-wide vacancy fell 0.3…

Two freehold terrace factories at Mandai Estate up for sale

Two adjoining terrace factories at 94 and 96 Mandai Estate have been put up for sale via EOI, revealed Colliers Intl. The freehold terrace factories occupy a combined site area of 1,295.6 sqm, featuring a combined built-up area…

Group sizes for property visits increased to five

With the MTF increasing the cap on permissible group size from two to five persons from Tues, CEA has mandated estate agents and real estate salespersons to ensure that no more than five distinct persons per day may…

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