In a successful collective sale, Shenton House, located in Singapore’s Central Business District, has been sold for S$538 million. The buyer, Shenton 101 Pte Ltd, is owned by Lee Yeow Seng, the Group CEO of IOI Properties Group (IOIPG), a listed company on Bursa Malaysia Securities. Lee participated in the acquisition in his personal capacity […]
The Urban Redevelopment Authority (URA) of Singapore recently put up a residential site in Orchard Boulevard for sale, attracting attention from market observers. The soft market sentiment is expected to make developers cautious and restrained in their bids for the property. While most analysts believe the top bid will fall in the range of S$1,378 […]
Lo & Behold Group, a well-established hospitality group in Singapore, is embarking on an ambitious project set to launch in the latter half of 2024. They plan to transform the former Nan Chiau High School in River Valley into a unique lifestyle development that will accommodate more than 50 F&B and lifestyle brands. This innovative […]
The storied legacy of the century-old St. Andrew’s Mission Hospital in Tanjong Pagar is set to embark on an exciting new chapter as it undergoes a transformation into a dynamic creative lifestyle space. This visionary initiative is spearheaded by the Singapore Land Authority (SLA), which has invited tenders for the development of a community-centric space […]
The Urban Redevelopment Authority (URA) has unveiled several proposals for its upcoming 2025 Draft Masterplan, which will guide Singapore’s land use and development plans for the next 10 to 15 years. Among the key proposals are: Centralized Housing: Plans include the development of a diverse mix of public and private housing in more central locations, […]
Singapore Land Group (SingLand), in collaboration with its parent company, UOL Group, has applied to rezone a portion of Marina Square, one of Singapore’s mixed-use developments, from “hotel” to “residential with commercial at the first storey.” This rezoning proposal hints at potential future residential units within Marina Square. SingLand is expected to intensify developments on […]
NS Square Floating Platform from WOHA on Vimeo. Construction work for NS Square, to be developed at the Marina Bay floating platform site, is scheduled to commence in the third quarter of 2023, with an anticipated completion date of 2027. Expand Construction has been awarded the construction tender for the redevelopment of The Float @ […]
In July 2023, Housing Board (HDB) flat rents increased by 2%, marking the 37th consecutive month of rent hikes, following a 1.4% increase in June. Overall, HDB rents have risen by 24.1% between July 2022 and July 2023, based on data from real estate portals 99.co and Singapore Real Estate Exchange (SRX). Similarly, condominium rents […]
In April, there was a significant surge in new private home sales, reaching a seven-month high. This boost was primarily driven by the strong demand for two major projects located on the outskirts of the city. Interestingly, one of these projects was launched just days after unexpected property cooling measures were implemented on April 27. […]
