Fifth floor of Tung Ann Association Building along Cecil Street for sale at $11.5 mil
The entire fifth floor of the 11-storey Tung Ann Association Building, a freehold office property along Cecil Street, is up for tender with a guide price of $11.5 million, according to a May 22 press release by ETC. The floor plate spans a strata area of 4,338 sq ft, reflecting a price of $2,651 psf. […]
Chencharu Close GLS site tender extended to September
The tender deadline for a 99-year leasehold mixed-use GLS along Chencharu Close has been extended to Sept 11 in order to give prospective tenderers more time to prepare, according to a HDB circular dated May 9. The circular was sent to those who purchased the eDeveloper’s Packet for the site. When HDB launched the site […]
Is it a Good Deal?: $1.05 million for a five-room flat in Bukit Timah
Earlier this month, a five-room HDB flat at 5 Toh Yi Drive was sold for $1.05 million ($800 psf). The 1,313-sq ft flat is located within the Bukit Timah Planning Area and near Beauty World MRT Station. The lease for the flat commenced in 1989, leaving it with a remaining lease of 63 years. We […]
Median rents for three-bedroom condo units in District 1 hit $9,225 per month in 1Q2025: Savills
District 1, covering the Boat Quay, Marina and Raffles Place areas, has retained its top spot as the district commanding the highest rents for a three-bedroom condo unit, according to research by Savills Singapore. In its 1Q2025 Rental Guide, Savills says that three-bedders in District 1 registered the highest average median rent in 1Q2025 at […]
Dubai remains top market for homes transacted for over US$10 mil: Knight Frank
Following robust activity in 2024, the Dubai real estate market is expected to continue attracting demand from among the wealthy. According to a research report by property consultancy Knight Frank, high-net-worth individuals (HWNIs) surveyed around the world have indicated interest in purchasing a property in Dubai, with an estimated US$10.3 billion ($13 billion) in private capital […]
Do integrated developments outperform standard condos?
Mixed-use and integrated developments tend to be popular with homebuyers because they offer residents convenience and connectivity. Additionally, homebuyers indicated in an earlier survey that they are willing to pay more for homes that provide these desirable attributes. The terms mixed-use development and integrated development are often used interchangeably, but they actually refer to different […]
Jalan Bukit Merah strata industrial units for sale at lower price of $3.93 mil
A portfolio of four adjoining strata industrial units at E-Centre @ Redhill, an industrial property at 3791 Jalan Bukit Merah, has been relaunched for sale by private treaty. Marketing agent Brilliance Capital says the portfolio has a guide price of approximately $3.93 million or $650 psf on its total strata area of 6,049 sq ft. […]
CapitaLand Investment establishes RMB5 billion onshore master fund in China with major domestic insurer
CapitaLand Investment Limited (CLI) announced on May 21 it has established its first onshore master fund in China, CLI RMB Master Fund, with a total equity commitment of RMB5 billion ($921 million). CLI has secured a major domestic insurance company to take up a majority stake in the master fund in line with its asset-light […]
City Developments’ 1QFY2025 net gearing at 72%; divestments remain key strategic focus
In City Developments Limited’s (CDL’s) 1QFY2025 business update, which ended March 31, 2025, its net gearing ratio, factoring in fair value on investment properties, rose to 72% following the full payment for 51% of a site in the Xintiandi area of Shanghai. As of end-March, the group’s interest cover was 1.4 times, its cash reserves […]
Punggol Coast Bus Interchange opens June 29
The Punggol Coast Bus Interchange will commence operations on June 29, according to a press release from the Land Transport Authority (LTA). The new interchange will initially house three bus services — 34, 117 and 117M — which were previously based in Punggol Bus Interchange near Punggol MRT Station. Additionally, Service 35 will be extended […]
