UOL Group and CapitaLand Development (CLD) are moving forward with a major acquisition: the purchase of Thomson View condominium for S$810 million, as announced on Oct 26. This 255-unit private condominium, located on Bright Hill Drive and completed in 1987, occupies an expansive 504,314 square feet and holds a 99-year lease from April 1975. The […]
Las Vegas Sands (LVS), the parent company of Marina Bay Sands (MBS), has announced plans to invest US$8 billion in expanding the iconic integrated resort with a project dubbed “Marina Bay Sands IR2.” This ambitious expansion will feature a fourth hotel tower complete with a sky roof, a massive 15,000-seat entertainment arena, additional MICE (meetings, […]
Big changes are coming to the north of Singapore! Two major housing developments in Sembawang North and Woodlands North are set to bring about 14,000 new homes by 2035, with the first Build-To-Order (BTO) projects launching as early as 2025. This is part of the government’s ongoing effort to meet housing demand and expand affordable […]
Around 700 homes could soon rise on two newly designated residential parcels of land in Bukit Timah Turf City, based on proposed amendments to the Urban Redevelopment Authority (URA) master plan. Situated along Dunearn Road and near the Sixth Avenue MRT station, the development aims to meet the demand for centrally located homes. The larger […]
Over the launch weekend, Norwood Grand, a new residential project by City Developments Limited (CDL), saw strong demand, with 84% of its units sold at an average price of S$2,067 psf. Out of the 348 units, 292 were snapped up, marking the best-performing private residential launch of 2024. The development attracted mostly Singaporean buyers, with […]
Four residential land sites were released on October 17 under the second half of the 2024 Government Land Sales (GLS) programme by the Urban Redevelopment Authority (URA) and the Housing Board (HDB). These sites are located in Woodlands, Lentor Gardens, Marina Gardens Lane, and River Valley Green (Parcel B). The confirmed list includes two prime […]
A major new development combining residential, retail, and office spaces is set to be completed by 2029 along Havelock Road, near the Singapore River. The project, named Union Square, is spearheaded by City Developments Limited (CDL) and will rise on the site where Central Mall and Central Square once stood. At the heart of the […]
Thomson View condominium is back in the spotlight for an en bloc sale after its tender in September closed without any bids. In response, the owners are now considering reducing their reserve price by 12%, from S$918 million to S$808 million, as they shift towards private treaty negotiations. So far, about 60% of the owners […]
Real estate investment in Singapore saw a notable boost in the third quarter of 2024, following a 0.5% rate cut by the US Federal Reserve in September. This change has sparked some optimism in the property market, according to a report by Knight Frank Singapore released on October 8. Property investment sales in Q3 reached […]
The highly anticipated freehold condominium, Meyer Blue, had a successful launch over the weekend, selling 114 of its 226 units—just over half of the total—at an average price of $3,260 per square foot (psf). Prices ranged from $2 million, or $3,019 psf, for a two-bedroom unit (667 sq ft), to nearly $3 million, or $2,985 […]
