CDL may buy more office properties in 2016 

City Developments Limited (CDL) thinks this year is an opportune time to buy offices, as rising interest rates make such properties across the globe more affordable. Notably, CDL has invested in overseas real estate after Singapore’s government introduced a series of property cooling measures. Over the past two years, the company has pumped more capital into hotels and residential properties.

  • CDL may buy more office properties in 2016  PropertyGuru.com.sg - 17 hours ago

    City Developments Limited (CDL) thinks this year is an opportune time to buy offices, as rising interest rates make such properties across the globe more affordable. Notably, CDL has invested in overseas … More »CDL may buy more office properties in 2016 

    City Developments Limited (CDL) thinks this year is an opportune time to buy offices, as rising interest rates make such properties across the globe more affordable. Notably, CDL has invested in overseas real estate after Singapore’s government introduced a series of property cooling measures. Over the past two years, …

  • URA releases residential site at West Coast Vale PropertyGuru.com.sg - 19 hours ago

    Map of the West Coast Vale site. (Source: URA)A 99-year leasehold residential site at West Coast Vale has been released under the reserve list of the first half 2016 Government Land Sales (GLS) Programme, … More »URA releases residential site at West Coast Vale

    Map of the West Coast Vale site. (Source: URA)A 99-year leasehold residential site at West Coast Vale has been released under the reserve list of the first half 2016 Government Land Sales (GLS) Programme, the Urban Redevelopment Authority (URA) said on Wednesday (25 May).The 176,288 sq ft site has a maximum gross floor …

  • 23 units at Starlight Suites sold in bulk sale for $48m PropertyGuru.com.sg - 20 hours ago

    The transaction was carried out through a divestment of stocks in the developer, Meadows Property (Singapore). Given that the developer is now fully owned by Singaporean stockholders, while its directors … More »23 units at Starlight Suites sold in bulk sale for $48m

    The transaction was carried out through a divestment of stocks in the developer, Meadows Property (Singapore). Given that the developer is now fully owned by Singaporean stockholders, while its directors are all Singapore citizens, it is no longer restricted by the Qualifying Certificate (QC) rules. Back then, the seller …

  • Singapore fourth most expensive global prime logistics market, says CBRE
    Singapore fourth most expensive global prime logistics market, says CBRE The Edge Property - 20 hours ago

    Singapore is the fourth most expensive global prime logistics market worldwide, with prime logistics rents of US$10.91 psf per annum, according to CBRE’s inaugural Global Prime Logistics Rents report. … More »Singapore fourth most expensive global prime logistics market, says CBRE

    Singapore fourth most expensive global prime logistics market, says CBRE

    Singapore is the fourth most expensive global prime logistics market worldwide, with prime logistics rents of US$10.91 psf per annum, according to CBRE’s inaugural Global Prime Logistics Rents report. The report tracked the rents of prime logistics facilities in 69 global hubs in the Americas, Asia Pacific and Europe, the …

  • 9 projects commended for boosting construction productivity PropertyGuru.com.sg - 20 hours ago

    Nine projects in Singapore are to be honoured for construction efficiency. Singapore’s Building and Construction Authority (BCA) has recognised nine property developments for taking the initiative to … More »9 projects commended for boosting construction productivity

    Nine projects in Singapore are to be honoured for construction efficiency. Singapore’s Building and Construction Authority (BCA) has recognised nine property developments for taking the initiative to improve productivity in how they were built. In particular, the agency handed out the most coveted Platinum Award to residential …

  • JUST SOLD: Four over $900,000
    JUST SOLD: Four over $900,000 The Edge Property - 21 hours ago

    Just over a week ago, three five-room HDB flats and one five-room DBSS unit were sold at over $900,000. The most expensive transaction was at $968,000 for a 1,259 sq ft five-room HDB flat at 18C Holland … More »JUST SOLD: Four over $900,000

    JUST SOLD: Four over $900,000

    Just over a week ago, three five-room HDB flats and one five-room DBSS unit were sold at over $900,000. The most expensive transaction was at $968,000 for a 1,259 sq ft five-room HDB flat at 18C Holland Drive, Buona Vista Court. Completed in 2012, the property is located across the road from Holland Village and within 500m …

  • 60 units at Stars of Kovan sold at VIP pre-sale
    60 units at Stars of Kovan sold at VIP pre-sale The Edge Property - Wed, May 25, 2016 5:14 PM SGT

    Hong Kong property developer, Cheung Kong Property Holdings, has managed to sell 60 of its 390 condominium units at Stars of Kovan at an average price of $1,408 psf. The developer has decided to extend … More »60 units at Stars of Kovan sold at VIP pre-sale

    60 units at Stars of Kovan sold at VIP pre-sale

    Hong Kong property developer, Cheung Kong Property Holdings, has managed to sell 60 of its 390 condominium units at Stars of Kovan at an average price of $1,408 psf. The developer has decided to extend the VIP discount of 5% until the weekend of May 28 and 29. Cheung Kong say it may revisit or discontinue the offer anytime …

  • Qingjian tops bid for Bukit Batok site
    Qingjian tops bid for Bukit Batok site The Edge Property - Wed, May 25, 2016 5:05 PM SGT

    The winning bid came from mainland Chinese developer Qingjian Realty with an offer of $301 million, or about $635 psf ppr for the 99-year leasehold parcel. Qingjian’s bid was 7.7% above the next highest … More »Qingjian tops bid for Bukit Batok site

    Qingjian tops bid for Bukit Batok site

    The winning bid came from mainland Chinese developer Qingjian Realty with an offer of $301 million, or about $635 psf ppr for the 99-year leasehold parcel. Qingjian’s bid was 7.7% above the next highest bid of $278 million, or $584 psf ppr by Allgreen Properties. Qingjian is likely to build a new mixed-use development …

  • BELOW $1 MILLION: Freehold apartment in Kallang
    BELOW $1 MILLION: Freehold apartment in Kallang The Edge Property - Wed, May 25, 2016 3:19 PM SGT

    A 570 sq ft one-bedroom high-floor unit at De Centurion in Kallang is looking for buyer at $899,000, or $1,577 psf. According to the agent, the unit has a partial sea/city view.In August 2014, another … More »BELOW $1 MILLION: Freehold apartment in Kallang

    BELOW $1 MILLION: Freehold apartment in Kallang

    A 570 sq ft one-bedroom high-floor unit at De Centurion in Kallang is looking for buyer at $899,000, or $1,577 psf. According to the agent, the unit has a partial sea/city view.In August 2014, another 570 sq ft unit on a lower floor was sold for $880,000, or $1,543 psf.De Centurion is a freehold apartment on Tanjong Rhu …

  • 11 bids for Bukit Batok mixed-use site PropertyGuru.com.sg - Wed, May 25, 2016 1:53 PM SGT

    Map of the Bukit Batok mixed-use site. The top bid of $301.16 million, or $6,830 psm based on the plot’s maximum permissible gross floor area (GFA), came from Qingjian Realty. This was followed by Allgreen … More »11 bids for Bukit Batok mixed-use site

    Map of the Bukit Batok mixed-use site. The top bid of $301.16 million, or $6,830 psm based on the plot’s maximum permissible gross floor area (GFA), came from Qingjian Realty. This was followed by Allgreen Properties with an offer of $277.98 million, or $6,305 psm, and Wee Hur Development with $268 million ($6,078 ps …

  • Applicants less likely to get BTO flats in mature towns: Wong PropertyGuru.com.sg - Wed, May 25, 2016 1:23 PM SGT

    On Tuesday (24 May), the HDB launched 3,770 BTO flats, of which 950 units are located in the mature towns of Ang Mo Kio and Bedok, while the rest are in Bukit Panjang and Sembawang. “I know many buyers … More »Applicants less likely to get BTO flats in mature towns: Wong

    On Tuesday (24 May), the HDB launched 3,770 BTO flats, of which 950 units are located in the mature towns of Ang Mo Kio and Bedok, while the rest are in Bukit Panjang and Sembawang. “I know many buyers have been looking forward to this launch, as it has been more than three years since HDB last offered BTO flats in Ang …

  • Compass Point mall renamed again PropertyGuru.com.sg - Wed, May 25, 2016 12:33 PM SGT

    After receiving much criticism from social media users following the announcement of its new name 1 Sengkang Mall in December last year, Compass Point mall will instead be known as Compass One when it … More »Compass Point mall renamed again

    After receiving much criticism from social media users following the announcement of its new name 1 Sengkang Mall in December last year, Compass Point mall will instead be known as Compass One when it reopens in Q3 2016. It is noted that the shopping centre was in the news previously when its owner decided to call it 1 …

  • Units at Nassim Park Residences cross $3,500 psf
    Units at Nassim Park Residences cross $3,500 psf The Edge Property - Wed, May 25, 2016 12:00 PM SGT

    At Nassim Park Residences, a 100-unit luxury condominium on Nassim Road, two units changed hands recently. The 3,175 sq ft, four-bedroom unit on the fourth level was sold for $11.7 million ($3,685 psf), … More »Units at Nassim Park Residences cross $3,500 psf

    Units at Nassim Park Residences cross $3,500 psf

    At Nassim Park Residences, a 100-unit luxury condominium on Nassim Road, two units changed hands recently. The 3,175 sq ft, four-bedroom unit on the fourth level was sold for $11.7 million ($3,685 psf), according to a caveat lodged on May 5. The unit on the third level was sold for $11.2 million ($3,527 psf), based on …

  • Agricultural land is hot!
    Agricultural land is hot! The Edge Property - Wed, May 25, 2016 10:00 AM SGT

    It is noteworthy that while the general market was down, agricultural and development land bucked the trend with investors. The rise was minimal for agricultural land, at 2.86% (RM13.09 billion vs RM12.72 … More »Agricultural land is hot!

    Agricultural land is hot!

    It is noteworthy that while the general market was down, agricultural and development land bucked the trend with investors. The rise was minimal for agricultural land, at 2.86% (RM13.09 billion vs RM12.72 billion in 2014). It was more significant for development land, climbing 14.8% to RM24.91 billion (from RM21.7 bi …

  • Bukit Batok mixed-use site receives S$301mil top bid PropertyGuru.com.sg - Tue, May 24, 2016 6:27 PM SGT

    The commercial and residential site at Bukit Batok West Avenue 6 which was released for tender on 30 March received a top bid of S$301.16 million at the close of its tender on Tuesday (24 May), the Urban … More »Bukit Batok mixed-use site receives S$301mil top bid

    The commercial and residential site at Bukit Batok West Avenue 6 which was released for tender on 30 March received a top bid of S$301.16 million at the close of its tender on Tuesday (24 May), the Urban Redevelopment Authority (URA) revealed. Qingjian Realty posted the top bid which translates to a sale price of S$634.5 …

 

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