A group of 14 retail shops located at Peninsula Plaza, Sim Lim Square, and Far East Plaza are currently up for sale through an expression of interest (EOI) process. The properties are being marketed by ERA Realty Network and have a combined price of $26.46 million.

Of the 14 shops, two are located at Peninsula Plaza, a mixed-use development on North Bridge Road with a 999-year lease. These ground-floor units have a combined strata area of around 990 sq ft and are listed for sale at $8 million, or $8,081 psf. Peninsula Plaza is a 30-storey commercial building completed in 1980, consisting of a six-story retail podium and a 24-story office tower. It is connected to the City Hall MRT Interchange Station, providing convenient access to both the North-South and East-West lines.

Read also: Two retail units at Sim Lim Square for sale at $3.38 mil

At Sim Lim Square, …

GuocoLand has recently secured a green club facility worth $367.1 million from DBS Bank for its upcoming project on Faber Walk. The residential land parcel was acquired last November through a Government Land Sale tender by GuocoLand and its joint venture partners, TID and Hong Leong Holdings. The consortium’s top bid of $349.86 million, equivalent to $900 per square foot per plot ratio, won the 277,659 square feet site.

With plans to build nine low-rise blocks, the development will feature 399 residential units. It will be located in the prestigious Faber Walk landed private residential enclave, adjacent to the Faber Hills estate. The project is situated along the waterfront, next to the Pandan River and the upcoming Old Jurong Line Nature Trail.

This green club facility for the Faber Walk development complements GuocoLand’s existing sustainable initiatives in other projects such as Guoco Tower on Wallich Street, Guoco Midtown on Beach …

The launch of Aurea, a luxury residential project in the Core Central Region (CCR), has received an encouraging response since its launch on Mar 8. Situated in the prime Downtown Core precinct and jointly developed by Far East Organization and Perennial Holdings, this development offers 188 units across 45 storeys.DP Architects has created a unique concept for Aurea, with a “hanging garden” design that sets it apart from other developments. The project’s prime location also gives residents access to a vibrant mixed-use development, Golden Mile Singapore, which was previously sold en bloc and has been conserved.Aurea’s phase one release included 78 units, consisting of a range of two- to four-bedroom apartments from levels 4 to 16. An impressive 23 units were sold, with an average price of $3,005 per square foot (psf). This translates to a sales rate of 30% based on the units released in this phase.The majority of …

The executive condominium market continues to thrive in Singapore as developer Sim Lian Group reported selling 682 out of 760 units at their project, Aurelle of Tampines, during its launch on Mar 8. This translates to a whopping 90% of the units being sold, with an average price of $1,766 per square foot (psf).

Situated in Tampines, one of Singapore’s most well-connected regional centres, Aurelle of Tampines offers thoughtfully designed and conveniently located modern homes, making it a highly sought-after option for first-time buyers and upgraders.

The project’s impressive sales figures also set a new benchmark for executive condominiums in the market. Ismail Gafoor, CEO of PropNex, notes that the average price of $1,766 psf is the highest launch price for an EC to date. He adds that the 90% take-up rate is also the highest since the 531-unit Hundred Palms Residences was sold out on launch day in July …

A three-bedroom unit at One Holland Village Residences has made headlines by topping the list of private condos with a new psf-price high. The 1,238 sq ft unit, located on the 25th floor, was sold for a record-breaking price of $3,781 psf on Feb 17. The sub-sale transaction marks the first sale at the 99-year leasehold development this year and surpasses its previous record price of $3,426 psf from a sale by the developer in August 2022.The sellers of the unit had previously purchased it from the developer for about $4.19 million, or $3,385 psf, in November 2023. This means they made a handsome profit of approximately $490,000.The highly sought-after One Holland Village Residences is a 296-unit development located along Holland Village Way and was launched in 2019. The District 10 condo comprises a mix of one-bedroom, two-bedroom, three-bedroom, four-bedroom, and five-bedroom units. All units were fully sold out upon …

A 9,009 sq ft, three-storey terrace factory at Midview City is up for sale at a guide price of $6.2 million or $688 psf. Colliers International, the exclusive marketing agent for the property, announced the sale.

Located along Sin Ming Lane in the heart of Sin Ming Industrial Estate, the factory can be found within a 60-year leasehold building that was completed in 2012. The property is zoned as a “Business 1” site under the URA Masterplan 2019 and comprises a basement and a roof terrace.

According to Colliers International, the property has been fully leased and currently operates as a childcare centre, with Star Learner as the current preschool operator. With a strategic location, it is easily accessible from Bishan and Upper Thomson residential areas and within walking distance to Bright Hill MRT Station on the Thomson-East Coast Line.

The property will be sold with the existing preschool operator …

Investors are showing increasing interest in deploying capital into Asia Pacific real estate markets that boast high levels of liquidity, according to Hamish MacDonald, head and chief investment officer of APAC Real Estate at BlackRock. Among the property sectors set to benefit from economic tailwinds this year are accommodation, logistics, and alternative assets. “This year, we are focusing on markets in Asia Pacific where liquidity is abundant, including Australia, Japan, Singapore, and Auckland in New Zealand. This list also reflects the order of our priorities at BlackRock this year,” says MacDonald. He believes that investor sentiment will be more bullish this year compared to 2023 and 2022, with institutional investors initiating discussions about deploying and recycling capital in selective Asia Pacific real estate markets this year.

In Singapore, BlackRock has been targeting serviced apartment properties, partnering with YTL Corp to acquire Citadines Raffles Place for about $290 million last October. …

The past few years have seen a trend of shrinking unit sizes in Singapore’s show flats. This is due to our perception of size being relative to what we are used to. In the 1990s and 2000s, the average size of HDBs and condos, where most of us grew up, were larger. However, as demographics changed, with the average household size decreasing from four in 1995 to 3.1 in 2024, the average size of new condos also decreased from 1,272 sq ft in 1995 to 929 sq ft in 2024.

The 29-year period saw a decline of 5.7% in average condo size per capita, a commendable feat given Singapore’s land constraints. This was made possible with the government’s intervention, particularly in 2008 when “Mickey Mouse” units were introduced in Rest of Central Region (RCR) projects, with sizes as small as 24 sq m (258 sq ft) and prices as low …

Answer: The Ministry of National Development (MND) has recently announced updates and improvements to the Silver Housing Bonus (SHB) and Fresh Start Housing Scheme (Fresh Start) during the annual Committee of Supply debate. These changes aim to assist senior citizens in right-sizing and make public housing more accessible for lower-income households living in HDB rental flats.

The SHB encourages senior citizens to plan for retirement by converting the value of their housing assets into their CPF Retirement Account (RA). Currently, to qualify for the SHB, applicants must be aged 55 and above, have a monthly income under $14,000, own a property with an Annual Value (AV) below $21,000, and downsize to a HDB flat sized three-room or smaller (excluding three-room terrace).

Presently, applicants who opt to top-up their CPF RA by up to $60,000 can receive a maximum cash bonus of $30,000. This bonus is pro-rated at $1 for every …