Topic of Interest: #PropertyGuru (2,340 Articles Found)

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JTC launches two industrial sites

JTC has launched two industrial sites – one at 11 Tuas Ave 18 and the other in Jalan Papan (Plot 9) – for sale under the second half of the 2021 IGLS Programme. The third of the four…

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…

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,…

ESR-REIT completes divestment of two properties for $53mil

The divestment of 3C Toh Guan Road East and 11 Serangoon North Ave 5 has been completed for $53 million. ESR-REIT, via its trustee RBC Investor Services Trust Singapore, has completed the divestment of 3C Toh Guan Road…

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…

Homebuying demand to remain buoyant

In Q3 2021, overall transaction volume for private homes increased by 7.5% from the previous quarter to 9,083 units; this is a 28.9% y-o-y growth. Homebuying demand in Singapore is expected to remain buoyant, particularly in suburban areas…

ERA Singapore to donate $231,000 to Hong Kah North Environmental Sustainability Fund

ERA has unveiled a series of ESG efforts – which will be kickstarted by a $231,000 donation to Hong Kah North Environmental Sustainability Fund – during its Q4’21 Career Advancement Day. ERA revealed that it managed to raise…

Row of three shophouses in Tanjong Pagar up for sale for $33mil

A row of three adjoining two-storey shophouses at 33, 35, 37 Tras St has been put up for sale via EOI with a guide price of $33 million, revealed Savills Singapore. Located within the Tanjong Pagar enclave at…

Parkway Life REIT DPU up 0.8% in Q3 2021

Parkway Life REIT saw its DPU increase 0.8% to 3.56 Singapore cents in the third quarter ended 30 Sept 2021, from 3.54 cents over the same period last year. In Q3 2021, the distributable income also rose 0.8%…

What condo projects dominated the market in Q3?

PG said that nine out of 10 mass-market condominiums that performed well in the previous quarter were both affordable and located in OCR. Pasir Ris in District 18 proved the most popular condo with 425 units sold. Notable…

Incomes have kept pace with prices of new HDB units, resale flats

New HDB units and resale flats continue to remain affordable as incomes of Singaporeans have generally kept pace with their prices over the last few years, said MND in Parliament on Tues. It revealed that HDB applies a…

Construction firms urged to move decisively away from labour intensive construction methods

MND has urged construction firms to reduce their reliance on migrant workers, as well as to “move decisively away from labour-intensive construction methods for new projects”. “We encourage firms to take this opportunity to transform, and tap on…

18 HDB neighbourhood renewal projects delayed by over six months

With the COVID-19 pandemic posing severe challenges to the construction industry, 18 out of 32 NRP projects that are under construction have been delayed – in full or in part – by over six months, revealed MND. “All…

Private property prices up 3.88% to an all-time high of $1,791 psf

Prices of private properties grew by 3.88% in the fourth quarter, driving the median asking price to an all-time high of $1,791 psf, PG reported in its Q4 2021 Property Market Index. Based on the report, the highest…

Industrial property prices, rents continue to rebound in Q3

In line with the economy’s broad recovery, industrial property prices in Singapore continued to increase in the third quarter of 2021. In Q3 2021, prices for industrial space increased 0.1% q-o-q and 3.9% y-o-y, revealed JTC on Thurs.…

Mapletree Industrial Trust’s DPU climbs 11.9% in Q2

Mapletree Industrial Trust’s (MIT) DPU increased 11.9% y-o-y to 3.47 cents in the second quarter of the FY 2021/2022 ended 30 Sept 2021. Gross revenue jumped 50.5% y-o-y to $155.6 million, while NPI rose 47.4% year-on-year to $120.3…

Keppel REIT distributable income jump 20.8% to $159.9mil

Keppel REIT saw its distributable income increase 20.8% to $159.9 million during the first nine months of 2021, from $132.4 million over the same period last year. In an SGX filing on Tues), Keppel REIT revealed that the…

ARA LOGOS Logistics Trust’s DPU down 9% in Q3

ARA LOGOS Logistics Trust’s DPU declined 9% to 1.329 cents in the third quarter of 2021, from 1.464 cents over the same period last year. The trust’s manager attributed this to an enlarged unit base after the equity…

High Point makes second collective sale attempt, price unchanged at $550mil

High Point, a 22-storey residential development at the peak of Mount Elizabeth within the Orchard Road residential area, is once again placed for en bloc sale, following its failed attempt in 2019. The guide price is unchanged at…

Suntec REIT’s DPU jump 20.8% in Q3

Suntec REIT’s DPU increased 20.8% y-o-y to 2.232 cents in the third quarter of 2021. Distributable income also climbed 22% y-o-y to $63.7 million. Suntec REIT attributed the strong performance to the contributions from two newly acquired assets…

Private home prices up 1.1% in Q3

Private home prices in Singapore increased 1.1% in the third quarter of 2021, higher than the 0.8% hike registered in the previous quarter, showed URA data on Fri. Huttons Asia CEO Mark Yip noted that private property prices…

HDB resale prices, transactions up in Q3

Resale prices for HDB flats rose 2.9% in the third quarter of 2021, moderating from the 3% increase registered in the previous quarter, showed HDB data on Fri. Nonetheless, it is still slightly higher than the 2.7% hike…

Dairy Farm Walk residential site launched for sale

A residential site at Dairy Farm Walk has been launched for sale via public tender, revealed URA on Thurs. With a land area of 15,663.2 sqm, the site has a maximum GFA of 32,893 sqm and is expected…

Auction success rate drops to 4.7% in Q3

Singapore’s property auction market saw success rate drop 4.7% in the third quarter of 2021, from 6.4% in the preceding quarter, according to Knight Frank. A total of seven properties were transacted for $20.3 million in Q3 2021,…

Property investments sales up 6.9% in Q3

Singapore’s real estate investment sales increased 6.9% q-o-q and 79% y-o-y to $7.5 billion in the third quarter of 2021, on the back of higher GLS, revealed Colliers Intl. Residential sales climbed 11.6% q-o-q to $3.5 billion in…

Holland Hill Lodge up for en bloc sale for $25.8mil

Holland Hill Lodge, a freehold residential development at 5 Holland Hill, has been put up for en bloc sale via public tender, revealed SRI Capital Market. The development carries a land price of $25.8 million, which translates to…

Two sites at Slim Barracks Rise awarded to EL Development, Gao Xiuhua

The tenders for the two sites at Slim Barracks Rise have been awarded to EL Development and Gao Xiuhua, after they submitted the highest bids for the sites, announced URA on Mon. El Development submitted the top bid…

OUE C-REIT obtains $540mil sustainability-linked loan

OUE Commercial REIT (OUE C-REIT) has obtained its first sustainability-linked loan amounting to $540 million. It obtained the loan from a consortium of five lenders, including OCBC which also acts as the transaction’s sustainability advisor. In an SGX…

CBD Grade A office rents rebound 0.7% in Q3

In Q3 2021, CBD Grade A office rent is at $9.59 psf, registering a modest q-o-q increase of 0.7% after five quarters of consecutive drops. After five consecutive quarterly drops, Grade A office rents in Singapore’s CBD rebounded…

HDB not to provide direct financial subsidies for open market rental

The decision by HDB not to provide direct financial subsidies for rental units on the open market was made to prevent driving up market rentals and inducing demand. HDB has no plans to provide flat buyers with direct…

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