Latest state tenders yield mixed bag of results

AN EXECUTIVE condominium (EC) housing plot along Canberra Link in Sembawang pulled in eight bids at a state tender on Wednesday, with the top bid coming in 1.4 per cent higher than that for an adjacent EC site sold last September.

UOL-UIC tie-up places top bid for Clementi Ave 1 site

A STATE tender for a 99-year leasehold private housing site along Clementi Avenue 1 has attracted five bids.

Ibis Novena sold for nearly S$170m

PROPERTY funds managed by Alpha Investment Partners have sold the freehold Ibis Novena for nearly S$170 million, The Business Times understands.

HOCK LOCK SIEW

End of school holiday is start of race to launch new projects

IT MAY be the June school holiday lull period for property launches but developers in Singapore are quietly getting ready to release a slew of projects within the next few months.

TOPLINE

Getting into the heart of the community

FRASERS Property Singapore chief executive Christopher Tang feels most satisfied when the firm succeeds in creating spaces that the community appreciates and products that deliver real value to customers.

40% of Sky Everton units sold

A CONSORTIUM led by Sustained Land has sold nearly 40 per cent or 102 of the total 262 units at the Sky Everton project during its weekend launch.

Bungalow in Belmont Rd selling for S$39.8m

A NEWLY-completed, fully furnished freehold bungalow off Holland Road is being transacted for S$39.8 million.

Buyers mop up more new homes in May amid surge in launches

THE 29.5 per cent month-on-month rise in developers' private home sales in May amid a flurry of nine new project launches - suggests that fears of a trade war do not seem to have dampened property market sentiment too much.

Singapore developers sell 952 private homes in May, up 29.5% from April's 735 units: URA

DEVELOPERS in Singapore sold 952 private homes in May 2019, up 29.5 per cent from the 735 units they moved in April 2019, but 15.2 per cent lower than the 1,122 units they sold in May last year.

71 Robinson Road quietly put on the market

STEALTH marketing is going on at 71 Robinson Road, which was last transacted in April 2008 at a then-record price of S$3,125 per square foot.

China buyer signs S$31.5m deal for 3 Orchard By-The-Park penthouse

A CHINESE citizen is understood to have been granted an option to buy a five-bedroom penthouse at YTL Land & Development's 3 Orchard By-The-Park project for S$31.5 million.

Kheng Leong buys property in Jalan Besar conservation area for S$38.71m

A FULLY-OWNED unit of Kheng Leong Company, controlled by banking tycoon Wee Cho Yaw, has bought a building near Lavender Street for S$38.71 million which it plans to turn into apartments, with commercial units on the ground floor.

HOCK LOCK SIEW

Liang Court deal shows quirk in CapLand strategy

LAST Friday's completion of the acquisition of Liang Court mall along River Valley Road by CapitaLand and City Developments Ltd (CDL) brings together two property groups that have adopted somewhat different business strategies in the past.

Gaw Capital, Allianz in talks to buy Duo office, retail space for over S$1.5b

A GAW Capital Partners-led consortium that is expected to include Allianz Real Estate is negotiating to buy the office and retail space at the Duo project in the Bugis area.

BT EXCLUSIVE

Allied Tech executive director in S$129m fast property flip

KENNETH Low Si Ren, the executive director of Allied Technologies, is believed to have made a quick flip of a parcel of office and retail space in Thong Teck Building, selling it to mainboard-listed Top Global for S$129.5 million.

BT EXCLUSIVE

String of public agencies lease offices at Funan

A STRING of government bodies have leased office space at the revamped Funan in the North Bridge Road/Hill Street location.

OCBC said to be seeking buyer for Mt Elizabeth property

OVERSEA-CHINESE Banking Corporation (OCBC) is looking to sell a 22-storey freehold serviced-residence development at 2, Mount Elizabeth Link, sources told The Business Times.

Prime areas lead slide in private home prices in Q1

APARTMENTS and condos in the prime areas or Core Central Region (CCR) led declines in private home prices in the first quarter of this year.

Private home price index down 0.6% q-o-q in Q1 2019: URA flash estimate

THE Urban Redevelopment Authority's (URA) flash estimate for the first quarter of 2019 shows that its overall price index for private homes fell 0.6 per cent over the preceding quarter. This is a bigger decline than the 0.1 per cent quarter-on-quarter dip in the fourth quarter of 2018....

BT EXCLUSIVE

UBS said to be mulling move to 9 Penang Rd

UBS is understood to be mulling a consolidation of its Singapore office footprint by relocating from One Raffles Quay and Suntec City into 9 Penang Road, which is coming up on the former Park Mall site opposite Dhoby Ghaut MRT Station.

Different tales for two cities in latest URA tender

THE latest state land tender closing has yielded a mixed bag of results for the two 99-year leasehold sites offered.

Wing Tai highest bidder for Middle Rd site; Hong Leong Holdings, CDL tie-up top bidder for Sims Drive site

A STATE tender for a 99-year leasehold site in Middle Road for private residential with commercial at first storey use has drawn 10 bids.

URA MASTER PLAN 2019

Two incentives to rejuvenate the city

THE Urban Redevelopment Authority (URA) has unveiled two incentives: one seeks to liven up the central business district (CBD) with a broader mix of uses including residential; the other aims to encourage owners of existing commercial buildings in strategic areas including Orchard Road to team...

CapitaLand and CDL poised to buy Liang Court mall at S$400m

THE decades-old Liang Court mall - famous at its peak as a Japanese expat haunt and for the Daimaru department store and supermarket - is expected to be sold to new owners for S$400 million.

CBRE capital markets director to join James Koh private unit

SEASONED shophouse and strata commercial property agent Sammi Lim is joining JK Global Capital, a private vehicle that Fragrance Group boss James Koh Wee Meng used to privatise Global Premium Hotels in 2017.