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PropertyInvestment

Author: leahlim   |   Latest post: Thu, 21 Jan 2021, 3:55 PM

 

Lian Beng-led consortium buys BreadTalk HQ for $118 mil

Author: leahlim   |  Publish date: Thu, 21 Jan 2021, 3:55 PM


SINGAPORE (EDGEPROP) - A consortium led by Singapore-listed construction and property development company Lian Beng Group, announced that it has entered into a put and call option agreement to purchase the BreadTalk HQ Building for $118 million.
 
Lian Beng holds a 75% stake in the consortium, with Apricot Capital, the investment arm of Super Group's Teo family, taking a 20% stake. Meanwhile, 32RE, the fund management business co-founded by Matthew Ong, CEO of SLB Development, holds a 5% stake.
 
 
 
 

 

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Despite Covid-19, developers sell 10,024 homes in Singapore last year, exceeding 2019 levels: URA flash estimates

Author: leahlim   |  Publish date: Thu, 21 Jan 2021, 12:44 PM


SINGAPORE (EDGEPROP) - Despite fewer private residential launches amid the ongoing pandemic last year, developers in Singapore still managed to sell 10,024 private housing units, which is 1.1% higher than the 9,912 units sold in 2019, based on URA flash estimates.
 
In December, developers sold 1,217 private housing units, 57.2% higher than that of November, which recorded 774 units sold.
 
 
 
 

 

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Four-bedroom unit at St Regis Residences incurs $3.2 mil loss

Author: leahlim   |  Publish date: Thu, 21 Jan 2021, 9:25 AM


SINGAPORE (EDGEPROP) - The top loss of the week during the week of Dec 29, 2020, to Jan 5, 2021, was incurred by the seller of a four-bedroom unit on the seventh floor at St Regis Residences Singapore in District 10. The 2,594 sq ft unit was bought in December 2007 for $8 million ($3,084 psf) and sold on Jan 5 for $4.8 million ($1,850 psf). The seller therefore saw a 40% loss of $3.2 million, which is annualised at 3.8% over 13 years.
St Regis Residences Singapore is a 173-unit condominium along Tanglin Road. Developed by City Developments, it is located next to The St Regis Singapore hotel and is a short drive to the Orchard Road shopping belt and Tanglin Mall. The 999-year leasehold project was completed in 2008.
 
 
 
 

 

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Origami-inspired detached house at Siglap Plain for sale at $10.5 mil

Author: leahlim   |  Publish date: Wed, 20 Jan 2021, 3:12 PM


SINGAPORE (EDGEPROP) - A two-storey house with an attic and basement, inspired by the Japanese art of paper-folding or origami, is now on the market for $10.5 million, or $1,749 psf based on its land area of 6,003 sq ft.
The house was designed by award-winning FormWerkz Studio and features geometric lines that mimic origami paper in the titanium-cladded roof and the interior design. Standing on freehold land, it has a porch that can fit three cars. Inside, it has five bedrooms, four of which come with en suite bathrooms. Floor-to-ceiling windows at every floor — except for the basement — allow natural light to enter the house.
 
 
 
 

 

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Offices downsize space as flexible working holds sway

Author: leahlim   |  Publish date: Wed, 20 Jan 2021, 12:35 PM


SINGAPORE (EDGEPROP) - With vaccines being rolled out in countries worldwide, will life return to normal soon? That is the question everyone wants answered. Will the office return to days of its past glory, or will the near future be a mix of operating out of homes and out of the workplace?
 
“This is not a straightforward yes or no. What is certain is that occupiers are going for shorter lease terms to factor in a more flexible working environment,” says Mark Lampard, executive director, head of commercial leasing for Singapore, at Cushman & Wakefield (C&W).
 
 
 
 

 

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SRI crosses 1,000 agents, expands into auction business

Author: leahlim   |  Publish date: Wed, 20 Jan 2021, 8:55 AM


SINGAPORE (EDGEPROP) - Singapore’s fifth-largest real estate agency, Singapore Realtors Inc (SRI) achieved a major milestone this month when the number of agents crossed 1,000.
As at Jan 11, SRI has 1,004 agents and the number could be higher by the end of the month, says CEO Tony Koe.
 
 
 
 

 

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December sales at 1,217 units, highest since 2012

Author: leahlim   |  Publish date: Tue, 19 Jan 2021, 4:17 PM


SINGAPORE (EDGEPROP) - Based on the number of caveats lodged with URA Realis to date, about 1,217 private residential units were sold by developers in December 2020. Since URA made developers’ monthly new home sales available in 2007, there were only two years where developers’ sales exceeded 1,217 units in the month of December. They were in December 2010 when 1,332 units were sold, and in December 2012 when 1,410 units were taken up, says Nicholas Mak, head of research & consultancy at ERA Realty Network.
 
Adding the caveats reported in 4Q2020 to URA data for the first three quarters of 2020, developers sold about 9,984 private homes (excluding ex- ecutive condos) in 2020, notes Mak. “But the final number could rise to just above 10,000 units when the final statistics are released on Jan 22. We just have to wait and see,” he adds. Even at 9,984 units, the figure has already surpassed 2019’s level of 9,912 units.
 
 
 
 

 

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Cheong Sim Lam buys Lorong Mambong shophouse for $17.2 mil

Author: leahlim   |  Publish date: Tue, 19 Jan 2021, 12:54 PM


SINGAPORE (EDGEPROP) - There was a spate of shophouse transactions in late December. One of them was for the shophouse at 22 and 22A Lorong Mambong, which changed hands for $17.2 million ($5,128 psf), according to a caveat lodged on Dec 28.
 
The corner shophouse at Holland Village is fully tenanted: with Harry’s Bar on the first level, and F45 gym on the second level. Both tenants have just renewed their leases at the end of the year, says Yap Hui Yee, Savills Singapore director of investment sales and capital markets, who brokered the sale.
 
 
 
 

 

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HDB launches single integrated public housing platform

Author: leahlim   |  Publish date: Tue, 19 Jan 2021, 9:33 AM


SINGAPORE (EDGEPROP) - HDB has launched a one-stop portal that allows prospective buyers and sellers of public flats to gather all related information on the sale or purchase of a flat through a single platform.
Features on the portal, called the HDB Flat Portal, will be rolled out progressively starting Jan 13, said Minister for National Development Desmond Lee in a Facebook post.
 
 
 
 

 

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Pair of freehold conservation shophouses in Outram for sale at $33 mil

Author: leahlim   |  Publish date: Mon, 18 Jan 2021, 3:33 PM


SINGAPORE (EDGEPROP) - A pair of freehold, three-storey conservation shophouses, at 13 & 15 Teo Hong Road in the Outram area is up for sale at a guide price of $33 million, or $2,980 psf on total floor area.
 
The two shophouses occupy a land area of 3,476 sq ft, and will have a total floor area of 11,070 sq ft once renovation works are completed, says CBRE, which is marketing the property.
 
 
 
 

 

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Tanjong Pagar conservation shophouse for sale at $10.2 mil

Author: leahlim   |  Publish date: Mon, 18 Jan 2021, 11:39 AM


SINGAPORE (EDGEPROP) - A three-storey conservation shophouse with attic at 91 Tanjong Pagar Road is on the market at a guide price of $10.2 million, or $2,615 psf on the built-up area.
 
Located within the Chinatown-Tanjong Pagar Conservation Area, the property has a land area of 1,292 sq ft, and an estimated gross floor area of 3,900 sq ft. Under URA’s Master Plan 2019, the site is zoned for commercial use.
 
 
 
 

 

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ERA adopts digital signing for property contracts

Author: leahlim   |  Publish date: Fri, 15 Jan 2021, 12:57 PM


SINGAPORE (EDGEPROP) - Real estate agency ERA has adopted digital signing for property-related documents online.
Clients can now virtually sign tenancy agreements, option to purchase letters for private properties, and Council for Estate Agencies forms, among others.
 
 
 
 

 

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JLL appoints new country heads for Singapore and Thailand

Author: leahlim   |  Publish date: Fri, 15 Jan 2021, 9:45 AM


SINGAPORE (EDGEPROP) - Real estate consultancy JLL has appointed Chris Archibold as country head, Singapore, and Michael Glancy to succeed Suphin Mechuchep as country head, Thailand. Mechuchep will step into a new role as chairperson for Thailand.
 
The leadership changes are effective January 2021, and are part of the firm’s succession plan to strengthen its capabilities and align growth ambitions in the region. All three executives will report to Chris Fossick, who remains as CEO of Southeast Asia.
 
 
 
 

 

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12 International Business Park for sale at $40 mil

Author: leahlim   |  Publish date: Thu, 14 Jan 2021, 1:43 PM


SINGAPORE (EDGEPROP) - Off Jurong Town Hall Road, 12 International Business Park is on the market for $40 million.
The property occupies a total site area of 86,115 sq ft, with an estimated gross floor area of 116,695 sq ft.
 
 
 
 

 

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Ascott adds record of over 14,200 units to lodging portfolio

Author: leahlim   |  Publish date: Thu, 14 Jan 2021, 10:46 AM


SINGAPORE (EDGEPROP) - CapitaLand’s wholly owned lodging business unit, The Ascott, added a record of more than 14,200 units across 71 properties globally to its portfolio for 2020. This will boost Ascott’s annual fee income by over $27 million as the properties open progressively and stabilise, says the developer.
 
Since October 2020, Ascott has added more than 4,900 units across 23 properties to its portfolio, which includes over 3,800 units across 17 properties in China.
 
 
 
 

 

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High Street Plaza to be put up for collective sale at $239 mil

Author: leahlim   |  Publish date: Wed, 13 Jan 2021, 12:11 PM


SINGAPORE (EDGEPROP) - High Street Plaza, at 77 High Street, will be up for collective sale from Wednesday, Jan 13, at a guide price of $239 million (or $2,153 psf per plot ratio).
 
Occupying a site of 13,229 sq ft, the commercial building spans 11 storeys on a 999-year lease. Under URA’s Master Plan 2019, it is zoned for commercial use with a gross plot ratio of 7.0.
 
 
 
 

 

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Freehold commercial building near Jalan Besar MRT Station for sale at $23.5 mil

Author: leahlim   |  Publish date: Wed, 13 Jan 2021, 8:41 AM


SINGAPORE (EDGEPROP) - A freehold four-storey commercial building at 7 Hindoo Road, near Jalan Besar MRT Station, is on the market at a guide price of $23.5 million, or $1,760 psf on the total gross floor area (GFA).
 
It was previously put up for sale at a guide price of $25 million in February last year, without any success.
 
 
 
 

 

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Bungalow site at Seletar Hills, owned by victim of financial scam, for sale at $25 mil

Author: leahlim   |  Publish date: Tue, 12 Jan 2021, 1:00 PM


SINGAPORE (EDGEPROP) - A sprawling site of 31,882 sq ft, located at 2F Gerald Crescent, nestled within the Seletar Hills landed housing estate is on the market for $25 million ($785 psf).
 
The land currently houses a vacant bungalow, which used to be the home of Chung Khin Chun, a victim in a highly publicised financial abuse case in 2016.
 
 
 
 

 

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Parc Central Residences EC in Tampines to open for e-application from Jan 7

Author: leahlim   |  Publish date: Tue, 12 Jan 2021, 10:07 AM


SINGAPORE (EDGEPROP) - Parc Central Residences, an executive condominium (EC) in Tampines, is set to open for e-application from Jan 7 to 19, while its showflat will be open from Jan 7.

 

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Five freehold conservation shophouses in Rochor on the market for $20.3 mil

Author: leahlim   |  Publish date: Mon, 11 Jan 2021, 4:03 PM


SINGAPORE (EDGEPROP) - Five freehold conservation shophouses in Rochor, within the Desker Road conservation area, are up for sale at a guide price of $20.3 million ($1,701 psf).
 
The property portfolio takes the addresses of 99, 103, 105, 106 and 107 Desker Road, and has a total built-up area of 11,932 sq ft.
 
 
 
 

 

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