Stories By: The Edge (3,491 Articles Found)

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Two freehold buildings at Kim Keat Road for sale at $15.7 mil

A pair of four-storey buildings at 16 and 18 Kim Keat Road are on the market for $15.7 million. The freehold buildings are zoned “residential with commercial at first storey” and are offered for sale in an EOI…

High Street Centre launches second collective sale tender

High Street Centre at 1 North Bridge Road has launched its second collective sale tender after obtaining a six-month extension granted by MinLaw. While the price of the commercial property is still on the market at the current…

Capacity limits for visitors to project sales galleries, resale properties

As part of the revised safe management measures (SMM) announced by MTF on May 14, capacity has been further reduced at property developers’ project sales galleries and showflats with effect from May 16 to June 13. In a…

Loyalle Chin on investing in shophouses and the new rich

Loyalle Chin, senior associate division director at PropNex, is a familiar figure in CBD area, as he walks around the streets, wheeling his luggage bag. It is his mobile office as it contains documents such as options and…

Provence Residence sells 53% of total units at launch

MCC Group announced that 220 units out of the total of 413 at Provence Residence EC were taken up for its launch from May 13 to May 15. E-applications for the 413-unit, French-style, EC had begun on Apr…

GCB at Coronation Road West going for $37 mil amid surging prices

A Good Class Bungalow (GCB) at 24 Coronation Road West, built 50 years ago, has recently been made available for sale. For the last 30 years, it had been tenanted to a British expatriate couple who have since…

Unit at Scotts 28 reaps $1.79 mil profit

The seller of a unit at Scotts 28, along Scotts Road, made the top gain of $1.79 million over the week of Apr 27 to May 4. The 2,217 sqft unit on the 27th floor was bought for…

Three-bedroom-plus-study unit at Sophia Residence going for $1.85 mil

A three-bedroom-plus-study unit at Sophia Residence, measuring 1,055 sqft and located along Sophia Road, off Prinsep St, will be put up for auction on May 25 by Edmund Tie. The opening guide price is $1.85 million ($1,754 psf).…

Keppel teams up with industry partners to explore powering its Singapore data centres with liquified hydrogen

Keppel Data Centres Holdings is partnering with four industry partners to explore the usage of liquified hydrogen (LH2) to power its data centres in Singapore. The company has signed a MOU with Kawasaki Heavy Industries, Linde Gas Singapore,…

Surbana Jurong, Singapore LNG, NUS, and NSCC to explore potential green data centre system

Subana Jurong, SLNG, NUS and NSCC have signed a MOU to collaboratively explore the development of a proof-of-value (POV) for a green modular data centre system. If feasible, the system would be the first of its kind in…

Centurion sees revenue fall by 13% to $30.7 mil in 1Q21 on lower revenue in PBSA segment

Centurion Corp has reported revenue of $30.7 million for the 1QFY2021 ended Mar, 13% lower than revenue of $35.5 million in the same period the year before. The lower revenue was mainly due to lower revenue from the…

Frasers Property posts 18% increase in earnings for 1HFY21 on gain from revaluation of industrial properties

Frasers Property has reported earnings of $275.8 million for its 1HFY2021 ended March, representing growth of 18% y-o-y from $233.8 million previously. The increase in earnings comes despite a 26.6% y-o-y drop in revenue to $1.6 billion for…

Two freehold commercial buildings on South Bridge Road going for $45 mil

A pair of adjoining commercial buildings at 70 and 72 South Bridge Road are on the market for $45 million. Colliers Intl said the freehold properties will be offered in an EOI exercise. The six-storey commercial buildings are…

One Bernam sells 23% of total units at launch

Singapore’s MCC Group and Hao Yuan Investment announced on May 9, that over 80 units or 80% of the first phase of 100 units released at their JV project One Bernam were sold. This means, about 23% out…

Biggest penthouse at Park Nova sold at $5,838 psf, a record for Orchard Boulevard area

On May 7, sales at Park Nova, Shun Tak Holdings’ luxury condo in Singapore’s Orchard Boulevard-Tomlinson area, began at 2pm for the three duplex penthouses. Bookings for the typical units began from 7pm. By the close of the…

Detached house on Holland Road on the market for $8.5 mil

A two-storey detached house on Holland Road, located on a 999-year leasehold land plot measuring 5,147 sqft, will be put up for auction by Edmund Tie on May 25. Currently, it has a GFA of around 2,500 sqft.…

Unit with panoramic views at Scotts Square for sale at $5.188 mil

A three-bedroom apartment at Scotts Square, on Scotts Road, has been put on the market for $5.188 million ($4,154 psf). The 1,249 sqft unit on the 38th floor of the freehold development faces the landed residential enclave of…

Unit at The Sea View reaps $1.78 mil profit

The most profitable deal of the week between Apr 20 and 27 was the sale of a unit at Villa Chancery in District 11, which made the top gain of $4.95 million. The 3,703 sqft unit on the…

Robert Cheng creates quietude and warmth at Park Nova

The past two years have seen Robert Cheng, founder and design principal of Brewin Design Office, put his stamp on luxury condos in Singapore’s most prestigious addresses. The first was his design of three show apartments for Hong…

PLP to set up base in Singapore, discusses Park Nova’s sustainable luxury design

Having unveiled its signature residential project in Asia, luxury condo Park Nova in Singapore, London-based architectural firm PLP Architecture is planning to set up a permanent office in the city-state within the next 12 months. “We have a…

Shun Tak’s Pansy Ho to scale up in Singapore

Over the weekend of May 1–2, the car park of Park Nova’s sales gallery became a showcase of supercars. “I’ve never seen so many Bentleys, Rolls-Royces, Lamborghinis, Aston Martins and Ferraris in one place,” said Dominic Lee, head…

Industrial properties back in play

Despite bumps in the road to economic recovery over the past few months, buying interest in the property auctions market has been relatively buoyant. Property auctioneers say that buying interest in industrial properties has rebounded over the past…

Chip Eng Seng, SingHaiyi win joint tender for enbloc acquisition of Maxwell House for $277 mil

Chip Eng Seng Corp(CES), along with SingHaiyi Group and a company associated with Hong Kong-listed Chuan Holdings, has won a joint tender for the enbloc acquisition of Maxwell House for $276.8 million. The tender was jointly submitted by…

Lendlease Global Commercial REIT reports 99.7% portfolio occupancy in 3Q21 business update

The manager of Lendlease Global Commercial REIT (LREIT) says that the portfolio “continues to remain resilient” in its 3QFY2021 ended Mar business update. Portfolio occupancy stood at 99.7% as at Mar 31, with a WALE of 9 years…

FHT ‘remains attractive’ at current price, deemed as ‘laggard no more’: DBS

DBS Group Research analysts Geraldine Wong and Derek Tan are keeping their “buy” call on Frasers Hospitality Trust (FHT) as they view the REIT as “attractive” given its current price at 0.9 times NAV, which is below replacement…

Far East Orchard records net loss of $0.7 mil in 1Q21 due to lower revenue from the hospitality business

Far East Orchard has reported a net loss of $0.7 million for the 1QFY2021 ended Mar, from the earnings of $0.9 million in the 1QFY2020. The net loss is mainly due to the lower revenue from the hospitality…

Conservation shophouses at 73 & 75 Neil Road selling for $30 mil

A pair of adjoining three-storey conservation shophouses at 73 & 75 Neil Road have been put up for sale, announced CBRE. The sale will be conducted through an EOI exercise. The shophouses enjoy an 11m street frontage along…

ESR Reit acquires Global Trade Logistics Centre in Jurong East for $112 mil

ESR-REIT has acquired a warehouse facility at 46A Tanjong Penjuru, called Global Trade Logistics Centre, from Montview Investments. CBRE Industrial & Logistics Singapore represented the seller in the transaction. According to an SGX filing by ESR-REIT, the purchase…

Two office floors at 999-year leasehold Malacca Centre for $12.88 mil

Two office floors at Malacca Centre in Raffles Place have been offered for sale by public tender. The office space comprises 1,830 sqft on the 9th floor and 2,142 sqft on the 16th floor. According to CBRE, the…

OKP Holdings exercises option to purchase properties at Kampong Bahru Road for $12.4 mil

OKP Holdings’ 51%-owned subsidiary, Raffles Prestige Capital, has exercised the OTP the properties at 69 and 71 Kampong Bahru Road from Pek Geok Khee and Aw Jieh Yui Midori for a consideration of $12.38 million. The properties have…

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