Monthly Archives: June 2013

$624m offer prompts tender of CBD site

A commercial site in the central business district (CBD) has been put up for sale by public tender, after a developer offered to pay $623.7 million for the land. The 99-year leasehold plot between Cecil and Telok Ayer streets was

Posted in Property News

More low-income households buying flats with Govt grants

Mr Ngan and his wife Yvonne Ho, 25, received a $60,000 grant in total for their three-room flat in Sembawang. They are among the growing number of Singaporeans who bought homes with help from Government grant More low-income households are

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Over $1b given to low-income to buy HDB flats

More than $1 billion in grants has been given out by the Government to help low-income households get on the property ladder by buying their first HDB flat. This has benefited close to 60,000 first-timer households since 2006, the Housing

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Residential site on Faber Walk draws 18 bids

In the most hotly contested government land sales since November last year, a 99-year leasehold residential site at Faber Walk drew 18 bids at the close of its tender yesterday. Aspial Corp’s World Class Land put in the top bid

Posted in Property Investment, Property News

Eunosville up for collective sale at a reserve price of $688m

If the collective sale of Eunosville is successful, it will give a big boost to this year’s tally of en bloc sales. The minimum price set for Eunosville, located opposite Eunos MRT Station, by its owners is $688 million. This

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Rising interest in city-fringe homes bumps up May sales

Bolstered by keen interest in city-fringe homes, new private home sales climbed 5.4 per cent in May to 1,455 units, reversing the previous month’s 50 per cent drop. Posting the largest increase in take-up for the month was the Rest

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Govt releases five sites for houses, commercial use

The government will release five 99-year-leasehold land parcels that can yield 3,600 private and executive condominium (EC) housing units, with two of the sites allowing for commercial development as well. Four of the five sites come under the confirmed list

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Roxy-Pac buys Kovan site en bloc for $136m

Roxy-Pacific Holdings has acquired the freehold Yi Mei Garden in Tampines Road through a collective sale for $136 million. The price works out to $856 per square foot per plot ratio (psf ppr) inclusive of a development charge of $4

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The Sail’s 22 retail units fetch $105m

All 22 retail units at The Sail @ Marina Bay have changed hands for $105 million. The price works out to $4,582 per square foot (psf) based on the total strata area of 22,916 square feet. The price reflects a

Posted in Property News

Bukit Timah Soho sales off to a slow start

There has been a muted response to the launch of The Siena development with just 13 of 30 Soho (small office, home office) units sold. Developer Far East Soho, which held the official launch at the weekend, said in a

Posted in Property Investment, Property News