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EdgePropResidential transactions with contracts dated May 16 to May 23 [DONE DEALS]
Singapore (EDGEPROP) - Stay updated with Singapore's private property sale transaction - contracts dated May 16 to May 23.Discover the latest Singapore property news & new launch condo updates only on EdgeProp.sgSee Also: Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools New Launch Condo & Landed Property in Singapore (COMPLETE list & updates) En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Availa
EdgePropMillionaire agent turned boss: Shanel Liew Division
Liew and her husband holding a lego portrait of their family as a special gift from an agent within her division, Shanel Liew DivisionShanel Liew is a born visionary leader with nearly two decades of experience as a real estate agent under her belt. Since starting out at just 23 years old, Liew has consistently ranked as one of the top agents of her cohort — clinching awards like the top 20 award at her former agency, and industry awards such as the Singapore Estates Agents Association Diamond S
EdgePropMedian prices of one- and two-bedders in 1Q2023 jump 31.3% y-o-y in the RCR: Savills
SINGAPORE (EDGEPROP) - Persistent demand for one- and two-bedroom units in Singapore has pushed up the median price for units in this size range in the Rest of Central Region (RCR) by 31.3% y-o-y from $1.34 million in 1Q2022 to $1.76 million in 1Q2023. This was the conclusion of a report by Savills Singapore, which examined transaction data for non-landed private residences above or equal to $2,000 psf and up to 800 sq ft.The report noted that one- and two-bedroom units in this size range saw me
EdgePropIREIT Global acquires 17 French retail properties for $112.2 mil
B&M at Saint-Cyr-sur-Loire, France. The 17 retail properties are fully leased to B&M France SAS, a wholly-owned subsidiary of discount retailer B&M European Value Retail. (Picture: IREIT Global)SINGAPORE (EDGEPROP) - Europe-focused IREIT Global has entered into a call option agreement to acquire a portfolio of 17 French retail properties at an aggregate purchase consideration of EUR76.8 million ($112.2 million). According to a press release by the REIT, this is a 1.7% discount from two independe
EdgePropFour-bedder at Scotts Highpark reaps $3.99 mil profit
The 4,112 sq ft unit at Scotts Highpark was sold for $12.68 million ($3,084 psf) on May 18.SINGAPORE (EDGEPROP) - The most profitable resale transaction that occurred during the week of May 16 to 23 was the sale of a 4,112 sq ft unit at Scotts Highpark. The four-bedroom unit on the 24th floor was sold for $12.68 million ($3,084 psf) on May 18. The unit was bought for $8.7 million ($2,114 psf) in January 2007. As a result, the seller earned a profit of $3.99 million (46%), which translates to an
EdgePropFour-bedroom unit at Scotts Highpark sold at record $3,084 psf
The 4,112 sq ft unit at Scotts Highpark was sold for $12.68 million on May 18.SINGAPORE (EDGEPROP) - The sale of a four-bedroom unit at Scotts Highpark topped the list of record psf-price highs achieved during the week of May 12 to 19. The 4,112 sq ft unit on the 24th floor was sold for $12.68 million on May 18, which translates to $3,084 psf on the floor area.This marks the first time that a unit at Scotts Highpark has crossed $3,000 psf. Previously, the record psf-price high in the condo was f
EdgePropDuplex penthouse at Parc Imperial for sale at $1.78 mil
The 1,195 sq ft unit at Parc Imperial will be put up for auction on June 21. (Picture: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - A duplex penthouse at Parc Imperial in District 5 will be on the block at Edmund Tie’s next auction on June 21. The unit is also available for private treaty negotiation. An owner’s sale, the 1,195 sq ft unit has a guide price of $1.78 million, translating to $1,490 psf on the floor area.According to the property listing, the unit will be sold with an
EdgePropCapitaLand Investment’s refreshed 2030 sustainability master plan integrates 2050 net zero carbon emissions commitment
Clarke Quay. Photo: CLISINGAPORE (EDGEPROP) - CapitaLand Investment (CLI) 9CI -0.3% has refreshed its 2030 sustainability master plan (SMP) to strengthen its environmental, social and governance (ESG) pillars.The new plan integrates the group’s commitment to achieve net zero carbon emissions by 2050 and to reduce its scope 1 and 2 carbon emissions by 46% by 2030. This includes a higher target for the use of renewable energy from 35% to 45% by 2030 and a new target to reduce waste intensity in da
EdgePropWhat’s in store for Singapore’s construction sector and commodity prices
The construction industry is expected to grow at a 5.4% annual rate in 2023, due to planned public housing projects (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - Singapore’s GDP is expected to grow at 1.5% in 2023, down from 3.6% in 2022. The slowing growth is primarily due to a manufacturing contraction amid a global slowdown. The Monetary Authority of Singapore (MAS) has stopped tightening and maintains its exchange rate policy band. The Consumer Price Index (CPI-All) is
EdgeProp8M Real Estate’s shophouse portfolio value soars from $400 mil to $1.4 bil in six years
Manchharam: When we first started acquiring shophouses in 2014, none of the properties was above $100 million. Today, we have a handful of properties above $100 million (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - It has been nine years since Ashish Manchharam, founder and CEO of 8M Real Estate (8M), burst into the conservation shophouse scene with his maiden purchase of a row of five shophouses at 112 to 116 Amoy Street. He paid $50 million for these shophouses in the CBD
PropertyGuruHDB BTO Application Rates: 6 Tips to Improve Your Chances
With recent HDB BTO application rates being measured, here are the 6 best ways to take advantage and boost your HDB BTO application ballot chances in Singapore.
EdgeProp[UPDATE] Clydesbuilt Investment’s 48 strata semi-detached houses at Eleven @Holland up for mortgagee sale
Eleven@Holland was completed in 2014 and developed by Clydesbuilt (Holland Link) [Photo: Samuel Isaac Chua/EdgeProp Singapore]SINGAPORE (EDGEPROP) - Forty-eight semi-detached houses at Eleven @ Holland in Holland Link, off Bukit Timah Road, have been put up for mortgagee sale by sole agency PropNex Realty. The properties are part of an 82-unit strata semi-detached housing development completed in 2014, with a 99-year leasehold tenure from December 2010.The 48 semi-detached houses for sale have a
EdgePropWhy are integrated developments so popular with buyers?
South Beach Residences has a higher average price than other 99-year leasehold developments within a 1km radius including another integrated development. (Photo credit: South Beach Consortium)SINGAPORE (EDGEPROP) - Integrated developments are popular with buyers who appreciate having everything at their doorstep. An integrated development usually offers convenience and connectivity to residents by combining residential units with a shopping mall and a transport hub. As such, many buyers are will
PropertyGuruHow to 'Avoid' ABSD in Singapore: 7 Legal Ways Reduce Your ABSD Payment (2023)
Are there ways to avoid ABSD? We explore who is exempted from ABSD and the 7 ways you can legally 'avoid' paying ABSD in Singapore. Just a reminder that tax evasion is illegal!
PropertyGuruHDB Resale Flat Eligibility: Can a Singapore Permanent Resident (SPR) Buy an HDB Flat? (2023)
"Can an SPR buy an HDB flat?" is a question Singapore Permanent Residents (SPRs) may wonder. HDB resale flat eligibility and ownership are rights granted to every SPR. But they do come with some restrictions. Find out what these restrictions are in 2023.
PropertyGuruSale of Balance Flats (SBF) 2023: Guide to Buying an HDB SBF Flat in Singapore
The Sale of Balance Flats (SBF) exercise happens twice a year. But what is it? Should you opt for an HDB SBF unit or a BTO flat in Singapore? Learn about the HDB SBF 2023 process and application.
PropertyGuruSale of Balance Flats (SBF) 2023 Application: 5 Singaporeans Share Their Top Tips
The Sale of Balance Flats (SBF) May 2023 launch is here. Looking to secure a unit? We asked 5 Singaporeans to share their top tips.
PropertyGuruHDB BTO May 2023: The 5 Announced Estates and Where We Hope the BTOs Will Be
In May 2023, HDB will launch about 3,800 to 4,800 BTO flats in 5 towns/estates: Bedok, Kallang/Whampoa, Queenstown, Serangoon and Tengah. Here's where we think they'll be based on the URA Masterplan and URA Space.
EdgePropSingapore property buying sentiment slides in 1Q2023 amid high interest rates and cooling measures: NUS
SINGAPORE (EDGEPROP) - According to the latest Real Estate Sentiment Index (RESI) 1Q2023 published by NUS, property buying sentiment in Singapore slid in 1Q2023 amid high interest rates, a banking crisis in some Western countries and successive rounds of property cooling measures in the city-state.A composite index, amalgamating current and future sentiment, dropped from 5.1 in 4Q2022 to 4.6 in 1Q2023. “In tandem with the December 2021 property cooling measures, and with the US Federal Reserve g
EdgePropB2 industrial site at Tuas Ave under IGLS Reserve List released for application
SINGAPORE (EDGEPROP) - JTC has released a B2 industrial site at 11 Tuas Avenue 18 for application. This is the second of three industrial sites under the Reserve List of the 2023 Industrial Government Land Sales (IGLS) Programme.A land parcel under the Reserve List will only be released for sale if it receives an offer of a minimum bid price acceptable to the government.The site at 11 Tuas Avenue 18 has a land area of approximately 43,055 sq ft, with a permissible gross plot ratio of 1.4. The la
EdgePropFour new semi-detached houses in Novena for sale, priced from $7.2 mil each
An artist impression of the landed housing project at Bo Seng Ave/Whitley Road.SINGAPORE (EDGEPROP) - PropNex Realty is marketing the sale of four semi-detached houses on Bo Seng Avenue and Whitley Road in prime District 11. The properties are within a two-storey, mixed, landed housing area off Thomson Road.The four houses are part of a newly developed private landed housing project that comprises six semi-detached homes. Two of the units, at 8 and 10 Bo Seng Avenue, have already been sold. The
PropertyGuruMay 2023 BTO Tengah Review: A Win for Both Drivers and Public Transport Commuters
The Plantation Verge and Parc Meadow @ Tengah May 2023 BTO projects see 2,956 units of 2-room to 5-room flats. Read to find out more about the launches.
PropertyGuruMay 2023 BTO Kallang/Whampoa Review: Central Location in Little India
The Farrer Park Arena Kallang/Whampoa May 2023 BTO project sees 569 3-room and 4-room flats. Read to find out more about the launch.
PropertyGuruMay 2023 BTO Serangoon Review: First Launch in Almost a Decade, Near Serangoon Gardens Estate
The Serangoon North Vista May 2023 BTO project sees 330 4-room and 5-room flats up for grabs. Read to find out more about the upcoming BTO launch.
PropertyGuruHDB BTO May 2023 Launch Review: Bedok, Kallang/Whampoa, Serangoon, and Tengah
The HDB BTO May 2023 launch features 5,495 units in four housing estates, including Bedok, Kallang/Whampoa, Serangoon, and Tengah. Read to find out more.