Author: susukinono

A prime residential development site located at Jalan Naung is now up for sale through an expression of interest (EOI) with an asking price of $8.38 million. The land, which has a 999-year leasehold and spans 5,408 sq ft, falls under the residential zoning in the URA Master Plan 2019 and is situated within a three-storey mixed-landed area in District 19. This works out to be around $1,550 psf based on the land area.

The sole marketing agent for the land, Brilliance Capital, states that potential buyers can explore various development options for the site, including a detached house, a pair of semi-detached houses, or a strata mixed-landed development, subject to the necessary approvals from the relevant authorities.

The site boasts a prime location, within walking distance to Hougang MRT Station and Hougang Central Bus Interchange. In addition, it is also within close proximity to popular lifestyle hubs such as …

A site for residential development at Jalan Naung has recently been put on the market for sale through an expression of interest (EOI) with an asking price of $8.38 million. This prime location falls within the residential zone of the URA Master Plan 2019 and is situated in a three-storey mixed-landed area. The 999-year leasehold land parcel, covering a total area of 5,408 sq ft, is located off Upper Serangoon Road in District 19. At $1,550 psf on the land area, the asking price is highly attractive.

According to Brilliance Capital, the sole marketing agent for the land parcel, its potential for development is vast. Depending on approvals from the relevant authorities, the site could be transformed into a single detached house, a pair of semi-detached houses, or a strata mixed-landed development.

In addition to its great location, the site offers convenient access to various amenities. It is within walking …

Radisson Collection, a prestigious hotel brand owned by the Radisson Hotel Group, has recently inaugurated its new property in Galle, Sri Lanka. The stunning Radisson Collection Resort, Galle is the brand’s first hotel in the Southeast Asia and Pacific region, and the fourth addition to the group’s portfolio in Sri Lanka.

This luxurious hotel boasts 76 guest rooms and suites, all of which offer breathtaking views of the ocean. The hotel provides a range of top-notch amenities, including a beautiful beachfront pool, a kids’ club offering 24-hour nanny services, and several food and beverage outlets. Guests can indulge in delectable dishes at the Asian-Japanese fusion restaurant Ozen, or savor fresh seafood at Catch Restaurant. For a more exclusive experience, guests can visit Taboo Beach Club, where they can enjoy bottle service while lounging on sunbeds and daybeds by the beach.

Galle, situated on the mesmerizing southwest coast of Sri Lanka, …

In an effort to enhance their presence in third-world Asean countries, Meinhardt, a Singapore-based engineering consulting firm, has entered into a memorandum of understanding (MOU) with Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). According to a recent press release on January 17, the two companies aim to collaborate on digital and smart city projects in these developing nations.

Through this MOU, both parties are keen on promoting innovative and sustainable urban solutions by exchanging knowledge and resources. JOIN, a Japanese public-private fund that supports Japanese infrastructure exports, will leverage its vast network and expertise, while Meinhardt will utilize its leadership in integrated planning, design, and project management solutions.

The collaboration was spurred by the Memorandum of Cooperation (MOC) signed between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and Singapore Cooperation Enterprise in November last year, to facilitate the development of digital and smart cities in …

According to a press release on Jan 20, Minister for National Development Desmond Lee has announced the successful completion of the final two Build-to-Order (BTO) projects from HDB that were delayed due to the pandemic.

These two projects, Punggol Point Cove (Phase 2) and Kempas Residences, mark the completion of HDB’s pandemic-delayed housing projects. Over the past five years, a total of 92 projects have delivered more than 75,800 new flats to Singaporeans.

In 2024, HDB completed 22 housing projects, of which 17 were delayed due to the pandemic. Except for one project that faced non-pandemic related delays, the remaining four were completed on schedule.

Advertisement Advertisement

As part of these 22 projects, there were two Shorter Waiting Time (SWT) projects that were completed within a waiting period of less than three years. Parc Glen at Tengah and Grove Spring at Yishun, which are both SWT projects, accounted for a …

CDL, a real estate company, has announced through its subsidiary CDL Hotels Holdings New Zealand Limited (CDLHH NZ) that it will be offering NZ$2.25 ($1.72) for all the remaining shares of Millennium & Copthorne Hotels New Zealand Limited (MCK), a company listed in New Zealand. Once the offer is completed, CDL plans to delist and privatize MCK, simplifying the ownership structure of its New Zealand entities. MCK currently operates 18 hotels in New Zealand through ownership, lease, and franchise agreements. It also holds a majority stake in CDL Investments New Zealand Limited and has interests in properties in Australia through its Kingsgate Group subsidiaries.

As of January 17, the day before the offer was announced, CDLHH NZ already holds a 75.86% stake in MCK through 80.02 million shares. If CDLHH NZ reaches the threshold for compulsory acquisition according to the New Zealand takeovers code, it will acquire the remaining shares …

Teo Hong Lim, the executive chairman of property developer Roxy-Pacific Holdings, delightedly announced that during the launch of Bagnall Haus, a freehold condominium, 71 out of 113 units were successfully sold on Jan 18. This equates to a high sales rate of almost 63%, with an average transacted price of $2,490 per square foot.A majority of the buyers, over 90%, were locals. Teo stated that there was a diverse range of end-users with varying budgets. The take-up rate for all unit types was impressive, with two- and three-bedroom units being the most sought after. However, there was also considerable demand for the larger five-bedroom units.Located in District 16, along Upper East Coast Road, Bagnall Haus spans 74,280 square feet and comprises of three five-storey blocks housing 113 residential units. These units range from one-bedroom plus flexi units measuring 495 square feet to five-bedrooms measuring 1,528 square feet.Source for the newest …

Commonwealth Towers has taken the lead as the private non-landed property with the highest psf-price peak during the week of December 27th to January 3rd. The 99-year leasehold condo reached a new psf high of $2,460 on December 27th when a 904 sq ft, three-bedroom unit on the 40th floor was sold for $2.22 million.

This new record surpassed the previous high of $2,402 psf set just three months ago in September 2024, when a 689 sq ft, two-bedroom unit on the 42nd floor was sold for approximately $1.65 million.

Commonwealth Towers has been steadily increasing in average resale prices over the past three years. In 2022, the project recorded 53 transactions at an average psf-price of $1,971. The following year, the average price increased to $2,097 psf across 51 resale transactions. Last year, the development saw 37 resale transactions at an average price of $2,200 psf, marking an 11.6% …

estimate

On January 16, Minister for National Development Desmond Lee announced that Housing and Development Board (HDB) plans to launch more than 25,000 new flats by 2025. This was according to a press release jointly issued by HDB and the Ministry of National Development (MND).

This launch will include approximately 19,600 Build-to-Order (BTO) flats across three sales exercises and more than 5,500 Sale of Balance Flats (SBF) in one SBF sale exercise. These units will be categorized as Standard, Plus, and Prime BTO flats in line with the new classification framework.

The February BTO launch will offer around 5,000 flats situated in Kallang/Whampoa, Queenstown, Woodlands, and Yishun areas. Additionally, HDB will also hold its largest-ever Sale of Balance Flats (SBF) exercise next month, with over 5,500 flats available in various estates. Approximately 40% of these flats are completed units, while the rest are at different stages of construction and are …

The sale of a three-bedroom penthouse at the freehold Orchid Mansion on Amber Road in District 15 on December 31, 2024, resulted in a whopping profit of $2.58 million, making it the most profitable resale transaction during that period. The unit was sold for $4.88 million, translating to $1,717 per square foot. This was a significant increase from its purchase price of $2.3 million in March 2009, which was equivalent to $809 per square foot. This transaction, which took nearly 16 years, represents an annualized profit of 4.9%. This sale also sets the record for the most profitable resale transaction at Orchid Mansion, surpassing the previous record of $1.15 million (72.6%) in July 2022, when a 1,507 sq ft three-bedroom unit on the seventh floor was sold for $2.73 million ($1,812 psf). The unit had been bought in June 2007 for $1.58 million ($1,050 psf). The second most profitable resale …