Property News

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May 9, 2020
Hong Kong has lost out on rich people’s fresh funds to Singapore so far this year, existing deposits stay put, UBS says

Most of regions’ ultra-wealthy have asked private bankers at UBS to place new money in Singapore rather than Hong Kong, lender’s president says Asian tycoons are cashed up and scouting for bolt-on businesses As Asia’s rich contemplate where to place their nest eggs, most have overwhelmingly chosen Singapore over rival international financial centre Hong Kong […]

January 10, 2020
CDL top bidder for Irwell Bank Rd housing site

The Urban Redevelopment Authority's tenders for two 99-year leasehold private housing sites - one in Irwell Bank Road near Great World City, and the other near Bartley MRT station - closed yesterday with a healthy number of bids. The site in Irwell Bank Road drew seven bids. The highest bid, from City Developments (CDL), was […]

September 6, 2019
URA Land Sale at one-north Gateway site

URA Land Sale at one-north Gateway site garners 9 bids in the latest round of tenders The one-north Gateway site attracted nine bids by the time the tender process for it and two other plots closed on Thursday (Sept 5). The top offer was $155.7 million or $1,001 per square foot per plot ratio (psf ppr) lodged […]

May 29, 2019
Singapore beats Sweden, South Korea to top list of 176 as best country for children

Singapore scored 989 out of 1,000 in the End of Childhood Index, reigning at the top in all eight categories. It tops NGO's ranking for second year in a row, ahead of 8 Western European countries For the second year in a row, Singapore has been ranked the top country in the world for a […]

May 16, 2019
Wanted: Ideas for new use of 6 sites going up for tender

Public encouraged to join forces and test business concepts in SLA, URA programme If you have ever had a burning ambition to transform a fire station, now is your chance. The old Bukit Timah fire station is one of six sites around town - comprising existing state-owned buildings and state land - that are going […]

March 29, 2019
Hong Leong Group bids $383.5 mil for Sims Drive site

The government land sale (GLS) tender for Middle Road and Sims Drive closed on March 28. There were five bids for the site at Sims Drive. The highest bid of $383.5 million ($732 psf per plot ratio) came from a 60:40 joint venture between Hong Leong Holdings' Intrepid Investments and City Developments Ltd, both members of Hong […]

March 19, 2019
Marina One Residences At The Heart Of It All

Say hello to luxury living and outstanding architecture in Marina Bay From gleaming skyscrapers to immaculately curated green spaces, the Marina Bay precinct is home to some of the nation’s most renowned landmarks. The latest addition to the luminary list is an architectural marvel – Marina One Residences. Marina One Residences is part of Marina […]

January 16, 2019
Chip Eng Seng bids $418.8 million for Kampong Java site

The tender for the 125,326 sq ft residential site at Kampong Java Road closed on Jan 15, and drew seven bids. The top bid of $418.8 million ($1,192 psf ppr) came from CELH Development, a unit of Singapore-listed construction and property developer Chip Eng Seng Corp. The second-highest bid of $417.24 million ($1,189.97 psf ppr) […]

January 10, 2019
Leonie Gardens seeks to go en bloc again at $800m

Leonie Gardens has 70-plus years remaining on its 99-year lease. At the guide price of $800 million, each owner stands to get between $4.3 million and $10.2 million. Same reserve price as previous attempt, whose tender closed last June with no bids Leonie Gardens joins a growing list of die-hard sellers trying their luck to […]

January 3, 2019
Horizon Towers seeks to go en bloc again at same $1.1b price

If tender closes with lower offer, EGM will be called for owners to consider bid Horizon Towers, among the contenders for Singapore's largest collective sale last year, has relaunched for sale by tender for a second time at the same reserve price of $1.1 billion. The tender closes on Jan 28 at 3pm. The 211-unit, […]

September 5, 2018
Developers more cautious in bidding for GLS sites

The tenders for three government land sale (GLS) site tenders closed on Sept 4. This was the first batched closing of GLS sites after the latest round of property cooling measures were announced on July 5. Two of the sites were from URA’s Government Land Sales Programme, namely the Dairy Farm Road residential site with […]

June 1, 2018
Singapore ranked best country for children to grow up in

SINGAPORE - Singapore is the best country in the world for children to grow up in, according to the second, and latest, annual End of Childhood report published by non-governmental organisation Save The Children. It tied with reigning champion Slovenia as the first out of 175 countries, performing well across the eight indicators: under-five mortality rate, […]

April 9, 2018
Landmark Tower up for collective sale with expected price of more than S$300 million

SINGAPORE: Landmark Tower, a condominium next to Pearl's Hill City Park, has been launched for sale again, 11 years after its first, and unsuccessful, attempt. The owners of Landmark Tower have a reserve price of S$285 million but are expecting more than S$300 million for their site, sole marketing agent JLL said in a press […]

April 5, 2018
Far East Consortium bags The Estoril for $223.9m

The Estoril's owners stand to receive a gross payout of about $4.6 million per apartment unit, and $9.85 million to $9.95 million per penthouse unit The Estoril, a freehold development in Holland Road, has been sold en bloc for $223.9 million to Hong Kong-listed Far East Consortium's unit FEC Properties. This works out to a […]

March 20, 2018
Pacific Mansion sold en bloc for $980m in second-highest deal

Consultants estimate that the land cost for the Pacific Mansion site may translate to a break-even price of $2,530 to $2,800 per sq ft (psf) Tycoon Kwek Leng Beng and Malaysian billionaire cousin team up to get freehold site Entities controlled by Singapore property tycoon Kwek Leng Beng and his Malaysian billionaire cousin Quek Leng […]

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