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Tanjong Katong bungalow market on a roll

A string of large freehold bungalow deals have been sealed in the past few months in the Tanjong Katong area. These include transactions in Boscombe, Branksome, Lyndhurst, Wilkinson and Arthur roads. Some of these are old bungalows that…

Li Ka-shing unit is buyer of City Towers

Japura Development, linked to Hong Kong tycoon Li Ka-shing’s Cheung Kong empire, is the party that clinched City Towers in Bukit Timah Road through a collective sale this month. The award of the freehold collective sale site was…

Oxley beats 80 others to buy clan’s plot in Geylang

Property developer Oxley Holdings emerged as the most suitable candidate out of more than 80 parties for the purchase of a 99-year leasehold plot owned by the Huang Shi Zong Hui Singapore (Huang Clan Association), ET&CO said yesterday.…

Frasers Property poised for growth

The word “Centrepoint” in property group Frasers Centrepoint’s name reflected the group’s history as its first project in Singapore in the 1980s was the Orchard Road shopping mall. But since then, the group’s exposure in real estate has…

En bloc projects running into technical road blocks

When it comes to en bloc sales, the deal’s not all sewn up when the site is awarded to a property developer. The long-drawn collective sale process at Tampines Court shows that even after a buyer is found,…

Home buyers should not be swayed by the fear of missing out

What a difference a year makes. This time last year, many property investors and industry players were still hopeful that the authorities would roll back some of the cooling measures that had kept a lid on the recovery…

Sluggish housing rentals may find footing in second half of 2018

Singapore’s housing rental market remained sluggish last month, but full-year rental declines in 2017 were more moderate than the year before. This confirmed the view of most analysts that notwithstanding the rental market’s continued languor, rents will gradually…

Value of deals in GCB areas rises to five-year high

The number and value of transactions in Good Class Bungalow (GCB) areas in 2017 rose to their highest levels in five years, based on a preliminary analysis of caveats data as of Jan 5. CBRE’s analysis showed there…

Rooftop farms now allowed under landscape replacement policy

More urban rooftop farms may soon crop up after URA expanded its landscape replacement policy to allow rooftop urban farms and vertical greens to be used to replace the greenery lost due to development. URA on Thurs said…

Two office buildings in city get into en bloc mode

Two centrally-located commercial buildings are preparing to join the fray as they kick-start their collective sale processes. Shenton House, located in the older Robinson-Shenton-Cecil section of the CBD, has formed its collective sales committee (CSC) and hopes to…

Rail reliability down slightly in first half of the year

Singapore’s rail reliability slipped slightly in the first half of the year even as the overall picture remained somewhat rosier when compared with last year’s. The MRT network chalked up one disruption for every 158,000 train-km travelled in…

Buying interest steady for Good Class Bungalows

The number of sales of Good Class Bungalows (GCBs) remains below the level they were at before the TDSR was imposed in mid-2013, but there remains buying interest for this rare type of property. Developer OUE said on…

Who triggered tender for Central Boulevard site?

Nanshan Group has triggered the recent release of the Central Boulevard white site on the government reserve list. The Chinese group, which entered the Singapore property market just a few years ago, is now said to be looking…

Top bidder for 110 Robinson Road: Tahir

Indonesian tycoon and philanthropist Tahir looks poised to buy another Singapore office block. He is the highest bidder for 110 Robinson Road, which was put up for sale through a tender exercise that closed late last month. Mr…

Redevelopment of Golden Shoe Car Park

Located in a prime spot in the traditional Raffles Place financial district, speculation has resurfaced that CapitaLand Commercial Trust (CCT) Golden Shoe Car Park (GSCP) could soon begin its redevelopment process. Some of the building’s retail tenants have…

School property in Hillside Drive goes for $68m

Private equity investment firm Lucrum Capital has sold its 81,468 sqft school property in Hillside Drive for nearly double what it paid in 2012. Hong Kong-listed China Maple Leaf Educational Systems has picked up the property for $68…

HDB season parking fee for 2nd car may rise

There are about 31,500 HDB households here with two or more cars, and these families may soon have to fork out more for season parking charges. HDB, which is reviewing public parking rates, provided the figures in response…

Singapore real estate stocks provide a safety net in a down market

Singapore-listed real estate companies have outperformed the broader market so far this year as strong gains in the slightly smaller property plays offset declines in the biggest names, according to data provided by SGX. The SGX Real Estate…

British Government’s Nassim GCB plots up for sale again since Jan

The British government is expected to relaunch two freehold Nassim Road Good Class Bungalow (GCB) plots carved out from part of the garden land at the British High Commissioner’s residence, Eden Hall. This comes after bids during the…

Auctions and how some buyers can find bargains

Mention auctions and it brings to mind frenetic bidding and the almost palpable tension in the room. Or that is how auctions are depicted in the movies, with an added dose of drama. The reality is, property auctions…

Straits Trading Building may fetch record psf price

A new psf record price for an entire Singapore office building could be set if a deal that is brewing for Straits Trading Building on Battery Road materialises. Indonesian tycoon and philanthropist Tahir is said to be in…

Small units the big draw at new launch

Newly-launched Gem Residences accounted for most of the new private homes sold last weekend, while other previously-launched projects recorded slow but steady sales. Developers Gamuda, Evia Real Estate and Maxdin sold 315 units or 55 per cent of…

Developers to get incentives to provide cycling facilities

Developers will be given incentives to provide facilities such as bicycle parking, showers and locker rooms in their new buildings, as part of a new government plan to encourage people to cycle. They may not have to pay…

Cross Island Line: Path around reserve may cost $2b more

The alternative alignment that routes the Cross Island Line around the Central Catchment Nature Reserve could add about $2 billion to the rail project’s cost, LTA has revealed. This 9km “skirting alignment” will require longer tunnels and extra…

Jurong Region Line may be extended to join Circle Line

In what may be his last public announcement, Transport Minister Lui Tuck Yew said yesterday that the planned JRL could be extended southwards to join the Circle Line at Haw Par Villa station. Mr Lui, who is leaving…

Roadworks plan to cater to Changi’s T5

The development of Changi East, where the airport’s T5 is being planned, will require major roadworks including the possible construction of two parallel roads with a total of up to 20 lanes to support expected higher traffic volumes.…

Transport delays: Redress ‘not straightforward’

When a train breaks down, affected commuters are given a fare refund, while free bus services are also activated, Minister of Transport Lui Tuck Yew told Parliament yesterday. On top of a fare refund, a complimentary bus ticket…

S’pore traffic worse than NY but better than London

Singapore has been ranked 38th out of 146 cities in a global list that it does not aspire to top. A global index measuring which cities have the worst traffic congestion during peak hours found that Singapore was…

Collision sends car and cab crashing into plants

An accident between a taxi and a car yesterday morning ended with both vehicles crashing into plants fronting apartments along Clemenceau Ave North towards Newton Circus. ST understands that the impact of the collision caused both vehicles to…

Signal fault causes train delays in Orchard area

In the third rail incident this week, northbound MRT trains on the North-South Line stopped intermittently along the Orchard Road shopping belt during the evening peak yesterday. Commuters affected by the delay, which happened around 6.45pm, said there…

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