Topic of Interest: #Developers (5,758 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…

CDL to acquire Central Square for $315mil

City Developments Limited (CDL) is set to redevelop its Central Mall properties, including its surrounding area, into a large-scale mixed-use development, it announced on Thurs. This comes after the proposed acquisition of Central Square for $315 million. Notably,…

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…

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…

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…

New bonus GFA scheme is a carrot that comes with a stick

Developers welcomed a new bonus GFA incentive scheme aimed at transforming the built environment sector, although the all-or-nothing approach to qualify for the bonus GFA and the costs associated with fulfilling certain criteria were among key concerns flagged…

Aurum Land CEO tears walls down to build communities

Having worked in academia and later as a mgmt consultant, it was never in Michelle Yong’s plan to join the family business. But when her father, deputy chairman of construction conglomerate Woh Hup, asked her to fill a…

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…

LHN plans to spin off logistics business for separate Calist listing

LHN, listed on both Hong Kong and Singapore, plans to spin off its logistics business for its separate Catalist listing. LHN explains that its business is now organised into three different areas: space optimisation business; facilities mgmt and…

New bonus GFA incentive scheme for developments which hit certain standards on digitalisation, productivity

Under a new 5-year scheme, private developments outside the GLS programme will be able to enjoy up to 3 per cent bonus GFA beyond the Master Plan GPR if they achieve enhanced standards in productivity, digitalisation, sustainability and…

Urgent need for stricter rules to discourage buyout of property stocks at a severely undervalued offer

Singapore’s private home market is buoyant and investor appetite for investment properties here is strong, amid low interest rates and the nation’s safe haven status. But listed property groups sitting on valuable real estate portfolios are trading at…

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…

CDL unit granted option to buy S$126.3m worth of assets from Tan Chong

Tan Chong Intl’s indirect wholly-owned subsidiary has granted a call option to a unit of City Developments (CDL) to purchase its property, plant and equipment for S$126.3 million, announced the auto dealer last Fri. Based on an Acra…

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…

From mixing concrete to developing green property

Back in 1984, 19-year-old Arthur Aw spent his post A-level break moving cement bags, mixing concrete and tiling roofs for Jervois Mansions, Kimen Group’s first real estate development. His father, the founder of Kimen Group, saw it as…

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…

The untold impact of Golden mile complex conservation on en-bloc sales

On 22nd Oct this year, the unthinkable happened: Golden Mile Complex, long assumed to be next for demolition after Pearl Bank, was slated for conservation. A win for Singapore’s architectural milestones to be sure; but with regard to…

Roxy-Pacific to debut Mori, with entry price from $1,680 psf

Executive chairman of Roxy-Pacific Holdings, Teo Hong Lim, grew up in the Geylang area in the 70s. His father, Teo Kok Leong, who founded the company, had been a property developer since 1958. At one point, the elder…

City Developments reports $2.5b total sales for 9M 2021

City Developments Limited (CDL) reported a continued stable recovery trajectory for the third quarter ended 30 Sept 2021. The group and its JV associates sold 414 units with a total sales value of $784.4 million in Q3 2021.…

Ascendas REIT to jointly develop 1 Science Park Drive with CapitaLand Development for $883 mil

Ascendas REIT will redevelop 1 Science Drive in a JV with CapitaLand Development (CLD), with a total cost estimated at $883 million. The process will start with A-Reit selling the asset into a JV for $103 million, which…

New projects on AXA Tower, PIL Building sites set to yield more office space

The redevelopment of ageing office properties in CBD may not necessarily lead to shrinkage of office space in the district in the mid to long-term, contrary to what some market observers expect. This is reflected in details from…

New private home market to end the year on a high note: analysts

Analysts expect new private home sales to remain robust for the rest of the year on the back of major upcoming launches. Three launches are in the pipeline for Nov, namely CanningHill Piers, The Commodore and Cairnhill 16.…

5 new launch condos with unusual selling points (floating swimming pool, anybody?)

Every now and then, we put together this list to highlight interesting and overlooked details in new condo launches: 1) Got multiple children in NS? Need to wash a mountain of bedsheets? If your washing machine can’t handle…

A tale of two en bloc attempts

Over the past week, two en bloc-related news surfaced: Thomson View, which is up for collective sale at a reserve price of S$950m (its 3rd… 5th attempt?) and Ampas Apartment, where a cancelled en bloc sale resulted in…

Frasers Property back in the black for H2; capital, liquidity management remain top priorities: CEO

While the global real estate industry has generally “bottomed out” in terms of recovery from the Covid-19 pandemic, Frasers Property’s CEO Panote Sirivadhanabhakdi stressed that capital and liquidity mgmt will remain at the top of the group’s list…

Property developer SingHaiyi receives privatisation offer from major shareholders

Shares of developer SingHaiyi Group shot up on Wed following a privatisation offer from billionaire Gordan Tang and his wife Celine. The stock closed up almost 10 per cent to 11.8 cents – its highest since February 2017…

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