The Urban Redevelopment Authority (URA) has put up a site in Zion Road for sale from its reserve list after receiving an application committing to a bid not less than approximately $604.6 million. This move follows the recent sale of a larger neighboring site in Zion Road to a City Developments Limited-Mitsui Fudosan joint venture […]
Offering a prime opportunity, Delfi Orchard, an 11-storey complex, is now up for collective sale with a guide price of $438 million. The complex comprises 150 strata-titled units, including 127 shops and 23 apartments, with CDL owning 126 of them. Strategically positioned at 402 Orchard Road on a freehold site spanning 20,264 sq ft, the […]
Cityview Place Holdings, an associate of City Developments Limited (CDL), successfully moved 65 units of The Residences at W Sentosa Cove Singapore within a week, surpassing the initial offering of 58 units on April 9. Responding to robust demand, additional units were released, drawing approximately 3,200 visitors from April 10 to 14, according to a […]
The Urban Redevelopment Authority (URA) has awarded the sole bidders for the large sites on Zion Road and Upper Thomson Road, following the closure of tenders on April 4, where single bids were submitted at prices lower than expected. Zion Road’s Parcel A was secured by a collaboration between City Developments Limited (CDL) and Mitsui Fudosan […]
The Urban Redevelopment Authority (URA) has initiated the tender process for two residential sites located at Canberra Crescent and De Souza Avenue. These land parcels are part of the confirmed list sites under the government land sales programme (GLS) for the first half of 2024, as announced by the URA on April 16. The Canberra […]
This report provides an analysis of the top-selling private condominium projects in Singapore for the first quarter of 2024. The data includes key metrics such as project details, district, tenure, unit types, price range, price per square foot (PSF), and the number of transactions. Understanding these trends is essential for property analysts, investors, and developers […]
The Upper Thomson area’s latest state tender closure witnessed developers exercising caution, resulting in only one bid being submitted. The joint venture between GuocoLand and Hong Leong Holdings clinched the site with an offer of approximately S$780 million or S$904.60 per square foot per plot ratio (psf ppr), falling just below pre-tender expectations. Consultants had […]
OCBC, in a statement released on Wednesday (Apr 3), confirmed its exploration of the redevelopment of its renowned Chulia Street property, as reported earlier by Business Times. Emily Teo, head of group property management at OCBC, affirmed the bank’s intent to rejuvenate a strategic area in the central business district through the redevelopment of 63, […]
Deputy Prime Minister (DPM) Lawrence Wong revealed in a written response in Parliament on Tuesday (Apr 2) that a total of 44 residential projects facing a critical sales deadline within the period of 2021 to 2023 have been granted an extension to their timelines. These 44 projects make up 12 per cent of the housing […]
According to CBRE on Tuesday (Mar 26), although transaction volumes for luxury apartments and Good Class Bungalows (GCBs) experienced a decline in the second half of 2023, prices in these segments remained stable. In the latter half of 2023, there were nine GCB transactions totaling S$202.05 million, marking a 64.9 per cent decrease from the […]
