Developers' November sales jump but challenges lie ahead

NEW sales of private homes jumped last month to nearly two and a half times that of the previous month as developers revved up launches to make up for lost ground when some of them held back launches in October.

Singapore developers sell 1,198 private homes excluding ECs in November

DEVELOPERS in Singapore sold 1,198 private homes last month, nearly 2.5 times the 487 units they moved in October 2018 and about 1.5 times the 788 units they moved in November 2017.

Duck & Hippo founder sets another record price for shophouse

DUCK & Hippo group founder James Heng continues to pile up on conservation shophouses.

Eurokars Group buys 23 Leng Kee Rd for S$33m

MOTOR trade entrepreneur Karsono Kwee's Eurokars Group is expanding its property ownership in the prime Leng Kee motor belt...

Private housing supply from H1 2019 land sales cut by 20%

THE government has cut the private housing supply from its first-half 2019 land sales programme by 20 per cent from the current half, bringing it to the lowest level in 12 years.

Variety of choice sites on H1 slate; seven of total 14 sites are new

The Ministry of National Development's first-half 2019 Government Land Sales supply may be subdued but still offers a selection of choice sites...

MND cuts private housing supply for H1 2019 Government Land Sales Programme by about 20%

THE government has decided to moderate the total supply of private residential units for the first-half 2019 Government Land Sales (GLS) Programme, citing the significant growth in pipeline supply while demand has started to moderate following the introduction of the July property cooling measures.

Flash: MND to release land for 6,475 private residential units (including ECs) in H1 2019

THE government on Thurday announced the first-half 2019 Government Land Sales (GLS) Programme, which comprises five confirmed list sites and nine reserve list sites. These sites can yield about 6,475 private residential units (including executive condominium or EC units), 86,000 square metres gross...
HOCK LOCK SIEW

Brexit may be the panacea to Kwek's M&C headache

THE abrupt departure in September of Millennium & Copthorne Hotels' (M&C) group chief executive Jennifer Fox, just slightly over three months after her appointment, has once again put the spotlight on M&C chairman Kwek Leng Beng's problem with retaining CEOs at the group...
BT EXCLUSIVE

Former Midas chairman's bungalow fetches S$30.8m in mortgagee sale

SOME notable bungalow deals have taken place recently in Good Class Bungalow (GCB) Areas as well as in the Sentosa Cove waterfront housing locale.

Clifton Partners picks up Tras St shophouse trio for S$21.2m

VETERAN property investor Stanley Quek is selling another conservation shophouse property. This time, an entity connected to him has offloaded three adjoining two-storey shophouses on Tras Street, for S$21.2 million.

Darby Park Executive Suites sold for nearly S$93m

BURSA Malaysia-listed Sime Darby Property has sold its six-storey serviced residence property along Orange Grove Road, Darby Park Executive Suites, for S$92.71 million.

Govt 'can't be hands off about the property cycle'

THE government cannot take a hands-off approach to the property cycle and allow bubbles to develop, said National Development Minister Lawrence Wong as he went into the rationale behind July's cooling measures...

Lawrence Wong, Redas chief give different takes on cooling measures

THE government cannot take a hands-off approach to the property cycle and allow bubbles to develop, said National Development Minister Lawrence Wong as he explained the rationale behind July's cooling measures at the anniversary dinner of the developers’ body on Thursday...

Fragrance plans hotels along Waterloo St, Hoe Chiang Rd

FRAGRANCE Group, controlled by James Koh Wee Meng, is planning to develop hotels along Waterloo Street and in the Tanjong Pagar area.

UOL to launch two projects in 2Q 2019; Q3 profit slides 85%

DESPITE highlighting that the July cooling measures have affected sentiment in the Singapore residential property market, UOL Group is planning to launch two projects in the second quarter of next year.

UOL Q3 net profit down 85% to S$92.8 million mainly due to one-off gain on consolidation of UIC in Q3 2017

UOL Group posted an 85 per cent decline in third-quarter group net profit to S$92.8 million from S$609.2 million in the year-ago period.

Property development boosts CDL's Q3 net profit

CITY Developments (CDL) said strong contribution from property development, especially its New Futura condo in Leonie Hill Road in Singapore, helped to boost the group's third quarter net profit by 10.4 per cent to S$161.8 million from the previous year...

City Developments' Q3 net profit rises 10.4% to S$162m

CITY Developments Ltd (CDL) posted a 10.4 per cent rise in third-quarter net profit to S$161.8 million from the previous year, the group said in a Singapore Exchange filing on Thursday evening.

Sakae Holdings founder Douglas Foo selling bungalow for S$16.13m

SAKAE Holdings executive chairman and founder Douglas Foo is understood to be selling a bungalow in Cassia Drive in District 11 for nearly S$16.13 million.
BT EXCLUSIVE

78 Shenton Way being sold to PGIM Real Estate

US-BASED PGIM Real Estate is understood to have entered into a deal to buy 78 Shenton Way from a fund managed by Alpha Investment Partners.
HOCK LOCK SIEW

Will Keppel Reit sell Bugis Junction Towers?

FOLLOWING the recent release of Keppel Reit's third quarter earnings, DBS Equity Research raised an interesting piece of market speculation. It is about a potential sale of Bugis Junction Towers, which is fully owned by the trust. ...

Two shophouses in Duxton Hill and one on Stanley Street sold for S$37.3m

ENTITIES connected to veteran property investor Stanley Quek are understood to be selling a pair of adjoining shophouses in Duxton Hill and a shophouse in Stanley Street in separate deals totalling S$37.3 million.

Retail rents in Central Region slip 18.1% in Q3 this year from 2014 peak

RETAIL rents in Singapore's central region have slipped 18.1 per cent from their most recent peak in the fourth quarter of 2014 to the third quarter this year, based on official data...

Strong demand drives up Q3 office rents in central region

OFFICE rents in Singapore's central region rose at a faster clip in the third quarter - amid continuing strong demand...