Big tenants trading places as building owners make big changes

AMID the lull in the Singapore office leasing market, some occupiers continue to make relocation plans.


JL Family Office unveils boutique property investment firm

JL FAMILY Office has launched a boutique property investment firm, The Land Managers Holdings, with S$250 million initial capital commitment.

Sales bookings to start on Saturday at The Landmark; about 120 units for Phase 1 launch

SALES bookings will begin at The Landmark condominium along Chin Swee Road on Saturday, with the developer releasing an initial batch of about 120 units in the 396-unit project.

Lee Foundation unit sells Haig Road property

CASUARINA Properties, controlled by the Lee Foundation and members of the Lee family, has sold 11 landed homes on 25,054 sq ft of freehold land at the Haig Road/Haig Lane corner for S$32.8 million.


Allianz-linked entity moves to buy stake in OUE Bayfront

AN entity linked to Allianz Real Estate is said to be in exclusive due diligence with a view to acquiring a partial stake in OUE Bayfront.


CDL's near-term performance depends on Kweks resolving differences amicably

IT HAS been almost a month since City Developments (CDL) stunned corporate circles with the announcement that its long-standing director Kwek Leng Peck had resigned.


New home sales set to rise after falling in Oct on fewer launches, options curb

DEVELOPERS' private home sales halved in October over the preceding month amid a paucity of new launches and an official clampdown on the re-issuance of options to purchase (OTPs) by developers.

Singapore's Oct new home sales halve on fewer launches, options curbs

DEVELOPERS in Singapore sold 642 new private homes in October, 51.7 per cent lower than the 1,329 units sold in September.


8MRE pays S$26.4m for latest shophouse buys

SINGAPORE-BASED property investment company 8M Real Estate (8MRE) has picked up two conservation shophouse properties in the Duxton Hill/Craig Road area for a total of S$26.4 million.

Alibaba fraternity stamps mark on top-end Singapore properties

MEMBERS of the Alibaba fraternity are continuing to invest in Singapore's high-end residential property market.


More option-to-purchase data from developers will benefit homebuyers, shareholders

JUST over a month ago, the authorities clamped down on the practice of private housing developers continually re-issuing options to purchase (OTPs) upon expiry.


Firm home sales lure bidders out in post-CB government land sales

HEALTHY home sales in the past five months whittled down property developers' inventory, which has in turn boosted their appetite for land.

Tanah Merah plot under GLS Programme receives 15 bids; Yishun EC site at draws 7 bids

TENDERS for two 99-year leasehold sites under the Government Land Sales Programme closed on Thursday.


Rare 117,000 sq ft Dist 9 site up for sale after passing of matriarch

A PLUM freehold landed residential site in District 9 is expected to be put on the market in a few months.


Q3 private home prices up; new home sales double over previous quarter, but rents are down

A SHARP rebound in private home sales in both primary and secondary markets in the third quarter underpinned continued gains in the official private home price index, but it was a different story in the leasing market.

URA private home price index up 0.8% in Q3; rents fall, vacancies rise

THE Urban Redevelopment Authority (URA) said on Friday that its private home price index rose 0.8 per cent in the third quarter of this year over the preceding three months. This is identical to the flash estimate released earlier this month.

Industrial property rents, prices continue slide

THE slide in Singapore industrial property rents and prices continued in the third quarter, with the pace of decline gathering pace though occupancy improved, latest figures from JTC Corp show.

Industrial space rents, prices continue to fall in Q3; occupancy rises: JTC

RENTALS and prices of industrial space continued to fall in the third quarter of 2020, latest data from industrial land and infrastructure agency JTC Corp shows.


Market for shophouses wakes up in the third quarter

AFTER a slow first half, the Singapore shophouse market started to stir in the third quarter on the back of pent-up demand following the 21/2-month period when property viewings were not allowed.


Dysons sell Wallich Residence triplex penthouse for S$62m

THE Dysons behind the eponymous British consumer electronics company are selling their triplex penthouse at Wallich Residence in Tanjong Pagar for S$62 million or close to S$3,000 per square foot on the strata area of 21,108 sq ft, BT understands.

Of property options and market distortions

After months of trying to persuade private housing developers not to indulge in the continual re-issuance of options to purchase (OTPs) upon expiry, effectively allowing buyers to defer their purchase and payment, the authorities finally clamped down on the practice on Sept 28.

Agents channelling a chunk of commissions to buyers

WHILE the authorities' move to put curbs on developers re-issuing options to purchase should help reduce some distortions in Singapore's private housing market, another source of distortion persists.

Redas calls for ABSD deferment for first-time HDB upgraders to private property

THE head of the Real Estate Developers' Association of Singapore has urged the government to urgently consider allowing first-time upgraders from an HDB flat to a private property to defer payment of the additional buyer's stamp duty (ABSD) till six months after the completion of the private...

Redas president calls for ABSD reprieve for first-time upgraders

FOLLOWING the government's clampdown on Monday on the re-issuance of options to purchase (OTPs) by private housing developers, the head of the developers' body has urged the government to urgently consider allowing first-time upgraders from a HDB flat to a private property to defer payment of...

Goh Cheng Liang family buys Thye Hong's Garlick Ave GCB

THE family of Singaporean billionaire Goh Cheng Liang is said to be the buyer of a bungalow sitting on 101,550 square feet of freehold land in Garlick Avenue.