Topic of Interest: #Savills (302 Articles Found)

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Good Class Bungalows – tracking the wealth of a nation

Daily conversations about property prices have often concentrated on the non-landed segment of the market with occasional talk about landed properties – and even then, it usually centres on terraces. Very seldom does one hear of GCBs being…

Freehold shophouses at Frankel Avenue, Tessensohn Road for sale

A shophouse is located at 111 Frankel Ave is on the market for $5.35 million, while a row of three conservation shophouses at 15, 17, and 19 Tessensohn Road are available for sale at a guide price of…

Fixer-upper opportunity at Lakeshore View for $12.8 mil

Michael Wan, senior associate director of Savills Residential, has been managing a bungalow on Lakeshore View in Sentosa Cove on behalf of its absentee owners who are based overseas. They purchased the bungalow plot from SDC in 2005…

Freehold Serangoon shophouse priced from $5.65 mil

Savills is marketing the sale of a freehold shophouse at 585 Serangoon Road for $5.65 million. The three-storey conservation shophouse comes with a four-storey rear extension, and the building has an estimated GFA of 4,037 sqft. The guide…

Cheong Sim Lam buys Lorong Mambong shophouse for $17.2 mil

There was a spate of shophouse transactions in late Dec. One of them was for the shophouse at 22 and 22A Lorong Mambong, which changed hands for $17.2 million ($5,128 psf), according to a caveat lodged on Dec…

12 International Business Park on sale for $40mil

12 International Business Park off Jurong Town Road has been put up for sale via private treaty, with a guide price of $40 million, revealed Savills. With a GFA of around 116,695 sqft, the property is nestled on…

Freehold plot at 801 Mountbatten Road for sale at $13 million

A land plot measuring around 10,839 sqft at 801 Mountbatten Road has been put on the market by Savills. The guide price is $13 million, translating to approximately $1,199 psf on land area. It will be sold on…

Singapore commercial property investment deals dive, but should pick up next year: Savills IM

Singapore’s commercial property investment volumes have plunged as expected this year, with US$2.7 billion achieved in the first nine months, against US$8 billion for the same period in 2019. The volume for full year 2019 was US$10 billion,…

Office occupancy levels decline with only 30% back in offices: Savills Singapore

Grade A CBD offices in Singapore saw occupancy levels decline from 94.3% in 2Q2020 to 93% in 3Q2020, according to a Savills forecast report on prospects for office occupation in key global cities in 2021. This could be…

Strong recovery expected for real estate: study

Singapore placed fifth in terms of geographical markets and is expected to attract the most real estate investments in 2021, according to Savills Investment Mgmt’s latest survey. The study has reiterated that Singapore stands out as one of…

Four high-floor office units at Suntec Tower Two on the market for $33 mil

Four contiguous office units at Suntec Tower Two are available for sale with a guide price of $33 million. The office units of 9,989 sqft comprise the entire 42nd floor which is the third-highest floor in the office…

Two Craig Road conservation shophouses for sale with S$31m guide price

Two conservation shophouses along Craig Road have been offered for sale with a total guide price of S$31 million, Savills Singapore said on Mon. The price tag translates to about S$3,157 psf based on an estimated built-up area…

Four strata office units in Paya Lebar Square up for sale with S$23.5m guide price

Four adjoining strata office units located on the ninth storey of Paya Lebar Square have been put up for sale with a guide price of S$23.5 million. This translates to an average price of S$2,179 psf based on…

Another office floor at Cecil Street’s GB Building offered for sale

An entire floor of GB Building has been launched for sale with a guide price of nearly S$9.8 million. Located on the seventh storey of the 143 Cecil St tower, the sale offering has been renovated and features…

27 strata office units at 20 Cecil Street on sale for $100mil

A portfolio of 27 strata office units spanning over four floors at 20 Cecil St has been launched for sale with an indicative price of $100 million. This works out to an average price of $3,143 psf based…

Twenty-two freehold commercial units in Hexacube for sale at $43.8 mil

A portfolio of 22 freehold retail and F&B units at Hexacube at Changi Road is on sale via an EOI exercise. The indicative guide price of $43.8 million, or around $3,252 psf. The combined strata area of the…

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…

Three adjoining shophouses on Craig Road for sale at $36 mil

Three months after the Covid-19 “circuit breaker” ended, yoga studios, restaurants, cafés and bars in the Tanjong Pagar conservation area are seeing crowds return. Three shophouses at 8, 9 and 10 Craig Road are owned by Hong Kong-based,…

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…

Savills Singapore appoints Tang Chee Charn as executive director

Tang Chee Charn has just been appointed by Savills Singapore as executive director in the property mgmt department. He brings along 30 over years of real estate experience in property and tenancy mgmt in the office, industrial and…

Singapore retail vacancy rate hits record high of 9.6% in Q2

According to Savills, compared with the early outbreak phase at the start of the year, the retail market felt full impact of the pandemic in Q2/2020. The effects were the result of the CB and social distancing measures.…

Singapore’s palpable pickup in new home sales driven by ‘revenge buying’ syndrome

Owing to the Circuit Breaker (CB) measures from Apr 7th to June 1st, developers postponed their new launches during the period, because sales galleries were closed and physical contact with potential buyers was barred. However, Savills notes that…

Adjacent factory sites at Jalan Lembah Kallang for $17 mil

Two adjacent factory sites at 1 and 3 Jalan Lembah Kallang are on sale for $17 million and will be sold in an EOI exercise. Both plots are zoned under Business 1 Industrial, and the surrounding area includes…

Industrial building in Kallang up for sale

A detached five-storey industrial building at 209 Kallang Bahru has been put up for sale by Savills Singapore. The price will only be disclosed to prospective buyers, says Savills. The property spans 24,380 sqft with a GFA of…

BreadTalk boss offers prime shophouses for sale

When two prominently-located corner shophouses were put up for sale by Savills a fortnight ago, they generated a lot of enquiries. One is located at 8 Sixth Ave while the other is located at Lorong Mambong in Holland…

Commercial unit at Tedge for sale from $18 mil

The ground-floor commercial podium at Tedge is on the market at a guide price of over $18 million ($3,228 psf). Tedge, a freehold mixed-use development on 328 Changi Road, includes 42 residential units, and is slated for completion…

Pair of conservation shophouses in Kallang for sale at $13.2 mil

A pair of freehold corner shophouses in the Lavender-Kallang precinct is on the market for $13.2 million, according to Savills. The two-storey conservation shophouses at 52 Foch Road have an attic and a four-storey rear extension. The pair…

Macpherson Road industrial building up for sale for $21mil

A seven-storey light industrial building at 463 MacPherson Road has been put up for sale, carrying a guide price of $21 million, revealed Savills. With a total GFA of around 38,287 sqft, the property comes with a sky…

Springleaf Tower office floor up for sale with guide price of more than S$26m

An entire office floor on level 22 of Springleaf Tower is up for sale via EOI with a guide price in excess of S$26 million, Savills Singapore said on Mon. The renovated office floor has a strata area…

Savills’ Private Office: Catering to the ultra-rich

Global nomads who have been grounded during the lockdown are looking forward to Singapore’s “green lanes” or “Covid-19 safe air corridor”. “Once travel resumes, activity will return,” says Jacqueline Wong, executive director and head of The Private Office…

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