Topic of Interest: #Condominium (7,367 Articles Found)

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4 S’pore property trends to watch in 2022

Singapore’s property market will end 2021 with its best sales performance in recent years, with prices of private homes rising six consecutive quarters to a historical high in the third quarter of this year. More than 25,000 private…

4 nostalgia-inducing en bloc exercises

1) Pearl Bank Apartments – After four attempts, the iconic horseshoe-shaped building was sold in 2018. Its residents were initially keen to conserve the multi-strata development due to its history and design. However, it was ultimately determined to…

Resale unit at Ardmore Park rakes in $6.7 mil profit

The sale of a 2,885 sqft, four-bedroom unit at Ardmore Park was the most profitable resale transaction between Nov 9 and 23. The luxury unit on the 23rd floor was sold for $11 million ($3,813 psf) on Nov…

Fire breaks out at Braddell View block, about 50 people evacuated

A fire broke out at a block in a private residential estate in Braddell on Fri evening, prompting the evacuation of about 50 residents. SCDF said it was alerted to the fire at Blk 10C Braddell Hill, Braddell…

Property agent fined $5,000 for holding transaction monies

A property agent was fined $5,000 on Wed for holding transaction monies on behalf of a developer for the acquisition of a condominium unit. This comes after Charles Tan Chun Peng, a property agent with PropNex, pleaded guilty…

Peace Centre, Peace Mansion sold for S$650 million after fifth en bloc sale attempt

Shopping mall Peace Centre and adjoining apartment complex Peace Mansion have been sold after a fifth attempt at a collective sale, said JLL on Fri. The mixed development property on Sophia Road was sold for S$650 million to…

A recap + full list of new launch condos in 2021

2021 has been an interesting year. Mask-wearing, SafeEntry and the changes in phases remind us the pandemic hasn’t ended yet. At the same time, looking at the robust property market this year, it doesn’t feel like we’re in…

Chuan Park now in private talks following close of S$938m en bloc tender

Chuan Park Condominium at 240 to 250 Lorong Chuan has closed its tender and is currently “in a private treaty negotiation process”, said ERA. An ERA spokesperson told BT that the condo had received some interest from developers.…

Third time lucky La Ville sold en bloc to ZACD for $152 mil

The 40-unit La Ville, located at Tanjong Rhu, has been sold for $152 million to Hong Kong-listed property firm ZACD Group. The purchase price of $152 million translates to a land rate of $1,540 psf ppr, says Tan…

LHN Group signs lease agreement for 2 Mount Elizabeth Link

LHN Group has announced that it has entered into a three-year Lease Agreement for a residential property at 2 Mount Elizabeth Link. Its wholly-owned subsidiary Erinite Properties signed the lease with the landlord Eastern Realty on Nov 29.…

Golden Mile Complex: Test case for collective sale and conservation

The 48-year-old Golden Mile Complex had faced an existence crisis since Oct 2017, when the owners of the strata-titled, mixed-use development first put the building up for collective sale. However, its fate was decided when it was gazetted…

Conserved building Golden Mile Complex up for sale at S$800m in 2nd en-bloc attempt

The iconic Golden Mile Complex on Beach Road has been put up for collective sale for a second time after a failed attempt ended two years ago. The 48-year-old building, which was gazetted as a conserved building last…

Two prime Pine Grove sites launched for sale; plots can yield over 1,000 condo units

URA has released for sale 2 residential sites at Pine Grove (Parcels A & B), it said on Tues. The sites are released under the reserve list of the second half 2021 GLS programme. Both sites have a…

Will rising home prices raise the risk of fresh cooling measures?

With the private residential market poised to end the year on a high note, does this once more heighten the risk of policy measures? Even the perceived possibility of cooling measures could serve as a near-term headwind for…

Singapore private homes aren’t as pricey as they seem

There is some anxiety over rising private home prices here, which are up by almost 8 per cent in the third quarter of 2021 compared with the fourth quarter of 2019, prior to the outbreak of the Covid-19…

Freehold Gloria Mansion to launch collective sale tender with $69 mil reserve price

Gloria Mansion, a freehold residential development on Pasir Panjang Road, will launch its collective sale tender on Dec 2. The 31-unit development will be put up for sale with a reserve price of $69 million. Gloria Mansion is…

The Commodore sells more than 70% of units over launch weekend

The Commodore, JBE Holdings’ latest residential development near Canberra MRT, sold over 70% of its 219 units during its launch weekend. It revealed that buyers snapped up 162 units as of 6pm on Sat. One-bedroom units were sold…

7 stunning sea view condos in Singapore

1) Seaside Residences – Siglap’s Seaside Residences is a new 99-year leasehold condo built in 2021. It offers views facing East Coast Park; 2) Coastal View Residences – Located at Pasir Ris, a small condo with 40 units…

CDL, GuocoLand, Hoi Hup Realty & Sunway Developments win top awards at EPEA 2021; Guocoland’s Cheng Hsing Yao clinches Personality of the Year

The winners of the EdgeProp Excellence Awards 2021 were announced at the gala luncheon with 50 guests in attendance. This annual hallmark event recognises outstanding property developers and distinctive developments that set the benchmark for innovative and pragmatic…

CK Asset Holdings’ Perfect Ten to open to public on Dec 8

The sales gallery of Perfect Ten, a project by prominent luxury property developer CK Asset Holdings, will open to the public on Dec 8. The freehold condominium is a redevelopment of the former City Towers on Bukit Timah…

GuocoLand partners property tech company Showsuite to digitalise booking and purchasing process

GuocoLand has partnered Showsuite to digitalise the booking and purchase process of the former’s entire residential portfolio in Singapore. The digitalisation of GuocoLand’s portfolio will include the real estate group’s upcoming mixed-use development at Lentor Central that is…

Elizabeth Towers relaunched for collective sale at $630 mil

Elizabeth Towers has been relaunched for collective sale at a reserve price of $630 million. Located on Mount Elizabeth off Orchard Road in District 9, Elizabeth Towers sits on a 54,318 sqft site and has a GFA of…

More property executives cite rising construction costs as key risk: poll

Rising construction costs continue to be the biggest risk faced by Singapore’s real estate market, followed by increasing inflation and interest rates. This is according to the Q3 2021 Real Estate Sentiment Index published by NUS+RE. Among the…

Any capital gains tax may hit Singapore mass-market condos the most: survey

If Singapore starts taxing all gains from selling properties or reintroduces an inheritance tax, demand for mass-market condominiums is expected to be dampened the most, a survey found. A dip in foreign buying activity is also likely, although…

CanningHill Piers in River Valley sells 77% of its 696 units, including $48m penthouse

CanningHill Piers’ sole penthouse, which boasts panoramic views of the city and the Singapore River, was sold for $48 million during the development’s launch on the weekend. It was among 538 units of the project by City Developments…

Will the easing of border restrictions like the Vaccinated Travel Lane (VTL) bring more foreign buyers to buy CCR condos?

On 15 Nov, the government announced that it’s extending the VTL to six more countries such as India and Indonesia. As of writing, this brings the total number of VTL countries to 21. And for the property sector,…

Hoi Hup and Sunway secure Thiam Siew Avenue sites for $1.1 bil

Two freehold sites at Thiam Siew Ave, sitting between Haig Road and Tanjong Katong Road in prime District 15 in the east, were sold for $815 million to a JV between Hoi Hup Realty and Sunway Developments. The…

What I wish I knew at 25 about buying property

I bought my first property at the age of 25. This was in the early 1990s, when the property market was stabilising after the recession of the mid-1980s, and just before prices began to rise sharply in the…

Unit at Hazel Park Condominium reaps $2.4 mil profit

The seller of a unit at Hazel Park Condominium, on Hazel Park Terrace, made the top gain of $2.41 million over the week of Nov 2 to 9. The 2,874 sqft unit on the 19th floor was bought…

Unit at D’Oasia on the market for $790,000

A one-bedroom unit at D’Oasia, along Lorong Melayu, off Sims Ave East, in District 14, was put up for auction for $790,000 ($1,468 psf) on Nov 16, but was unsuccessful, according to Edmund Tie, which is handling the…

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