Topic of Interest: #Huttons (49 Articles Found)

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Huttons names new Legal Counsel, Head of Training and Special Projects

Huttons Group has appointed Yeo Chin Hao as its new Legal Counsel and Shaun Tan as Head of Training and Special Projects. Aside from leading Huttons in all legal aspects, Yeo will also provide consultation to improve the…

Kai Fook Mansion in Tiong Bahru launched for collective sale at S$123m

Kai Fook Mansion, a property sitting on a 999-year leasehold site measuring 15,896 sqft, has been put up for collective sale through public tender by Huttons Asia. The asking price is $123 million. The property is zoned for…

Huttons sets aside $6 million to groom up to 500 leaders

Today, Huttons announced the establishment of the industry-first Millionaire Associate Program (MAP) during the Covid-19 pandemic to groom up to 500 leaders in the real estate industry. Mr Mark Yip, CEO of Huttons Asia said, “This pandemic has…

Newton One penthouse for sale at $13.3 mil

A 5,845 sqft freehold penthouse unit at Newton One is up for sale at $13.3 million with built-in fittings, according to PK Soh, associate division director at Huttons Asia. Occupying the entire 29th floor, the property is considered…

Possible land supply crunch in 2021

The residential land sales market saw a stirring of interest in the past two months. Roxy-Pacific Holdings acquired 15 terraced houses in the Guillemard area for $93 million in Nov 2020. This makes it the largest collective sale…

Mark Yip’s plan for ‘new Huttons’

Mark Yip may have just started work as Huttons Asia’s new CEO on Nov 2, but he already has big plans for a “new Huttons”. His appointment as CEO was announced shortly after the merger of Savills Residential’s…

133 condo units sold in first week of Nov: Huttons

Singapore’s private non-landed market continued to be in healthy demand as the latest developer’s sales saw 133 units sold for the week of 2 to 8 Nov, according to a report by Huttons Asia. Units sold in developments…

Re-imagining workplaces in a post-Covid-19 world

Caught by the unprecedented impact of Covid-19 and steep changes in technology, organisations are rethinking the role of their physical offices. As more employees return to formal workplaces, we have a duty of care to raise the bar…

Developer sales up 11.9% in Q3 2020, Huttons

Singapore developers sales continued to scale new heights during the third quarter of 2020, rising 11.9% y-o-y to 3,670 units, revealed Huttons Asia. It noted that sales have been on the uptrend since the circuit breaker on 7…

Huttons appoints Mark Yip as new CEO

Huttons Group has appointed Mark Yip as its new CEO, effective 1 Nov, according to the firm. He succeeds Goh Kee Nguan, who resigned on 12 Aug to pursue other business interest. Huttons’ mgmt thanked Goh for his…

Post-merger, Savills to focus on growing recurring income business

The merger between Savills Residential, the residential project sales business of Savills Singapore, and Huttons Asia has fortified the position of Singapore’s fourth biggest real estate agency in terms of number of brokers. The deal, according to Chris…

Savills Residential, Huttons Asia to merge in further sector consolidation

The consolidation among property agencies here continues. This time around, Savills Singapore’s associates arm – Savills Residential – will merge with Huttons Asia. Savills Singapore is also Huttons’ largest shareholder. The move will see Huttons strengthen its current…

Huttons: En bloc cycle might start in 2021

With the number of uncompleted unsold units continuing to trend downwards, Huttons Asia sees a potential en bloc cycle next year. “The peak in number of uncompleted unsold units for the current market cycle was 36,839 units in…

Up to 20 new residential projects to be launched in 2H, Huttons

Despite slow sales during the circuit breaker period, there’s been resilence in the market and Huttons Asia expects sales to hover between 8,000 and 8,500 units in 2020, with more project launches on the cards. “There were initial…

Singapore residential sales rose 20% in Q1: Huttons Asia

Property is proving to be an enduring asset class for many in times of uncertainty as residential sales in Singapore climbed 20% year-on-year in the first quarter of 2020, revealed a Huttons Asia report. After the lull in…

Rex Tan charts new frontiers at Huttons

Throughout the 14 years Rex Tan has been in the real estate industry, he has worked doggedly to carve out a career for himself. As a result of his hard work, Tan has been promoted to chairman, Agency…

Former property agent jailed 2 years for pocketing over S$130,000 of client’s money

After his client agreed to buy a condominium unit in 2015, property agent Lim Yi Han used S$132,814 that she had entrusted with him for his own home renovations and furnishings. As a result, the client forfeited the…

Investing in agents, tech for the future

Huttons Asia is looking to hire more property agents at a time when more buyers and sellers are opting to do without them, and star agents have left the firm, according to its CEO. “We’re definitely recruiting,” said…

Katong Plaza launches third collective sale bid at $188 mil

Katong Plaza at 1 Brooke Road has launched its third collective sale attempt so far this year. The first attempt was made in Mar, after which the site received URA approval to be redeveloped into a hotel when…

Conservation shophouse at 75 Amoy Street up for sale

A 999-year, two-and-a-half-storey conservation shophouse at 75 Amoy St is up for sale. It has a land area of 2,237 sqft and a total built up area of about 5,755 sqft. Price is available on enquiry. The property…

Huttons Asia revamps website

Huttons Asia launched a revamped website for its service platform. It includes market reports, mortgage calculators, buyers stamp duty calculators aimed to make the website a one-stop information station. Huttons’ website also features an iPortal that allows real-time…

Making sense of the rise in Singapore’s private property prices

Prices of private residential properties staged a remarkable turnaround in the second quarter of 2019, rising 1.5 per cent quarter-on-quarter to hit a five-year high. This upturn has caught many by surprise given that new cooling measures were…

Watten Estate Condo to launch $536 mil collective sale bid

Watten Estate Condominium, a 104-unit development on Shelford Road in the Bukit Timah area, is up for collective sale. The freehold development is on the market for $536 million, or about $1,738 psf ppr. Factoring in the upfront…

Private property resale transactions down 50% while sales of new units jump: Huttons

While sales of new private homes rose in the second quarter from the same time last year, the private property resale market remained in the doldrums, Huttons said in a report on Wed. Between Apr and June, there…

Hoa Nam Building up for en bloc sale for $160 million

Freehold mixed-development Hoa Nam Building at 27 Foch Road has been put up for en bloc sale, carrying an asking price of $160 million. This works out to $1,866 psf based on the property’s GFA of 85,744 sqft,…

Katong Plaza relaunched for collective sale at $188 mil

Katong Plaza has been relaunched for collective sale at the same asking price of $188 million, or $1,968 psf ppr. The price includes a DC of $13 million. Katong Plaza is zoned for commercial and residential use, and…

Ex-property agent jailed for defrauding clients and cheating own family in kidnapping scam

To earn a quick buck, a property agent defrauded his clients through a range of methods such as forging their signatures on tenancy agreements and ensuring that the rent they paid was transferred to his own bank account.…

Park View Mansions to go en bloc at a lower price

Park View Mansions is set to relaunch its en bloc sale tender on Wed at a reserve price of $250 million, down 22 percent from the $320 million price in Mar. This comes after more than 80 percent…

Foreign property buyers on the rise despite hefty ABSD rates

This chart from Huttons shows that the number of foreign property buyers in Singapore actually inched up from Q2 to Q3 despite the hefty ABSD imposed as part of the cooling measures in July. Q3 foreign home buyers…

Pine Grove raises reserve price in attempt to get collective-sale nod

The collective sale committee (CSC) of Pine Grove has raised its reserve price to $1.86 billion from $1.72 billion in a last-minute bid to secure the 80 per cent mandate to launch a public tender, even as developers…

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