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% …

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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 …

Real estate giant City Developments (CDL) has announced that it has successfully divested assets worth more than $600 million in the past year, with several more deals in the works.

This figure falls slightly short of the company’s initial target of $1 billion, which was set in early 2024. CDL attributes this shortfall to a decrease in market activity across various markets and asset classes.

So far, the completed divestments include the Ransome’s Wharf site in London, the Cideco Industrial Complex in Singapore, and various strata units at Citilink Warehouse Complex, Cititech Industrial Building, Fortune Centre and Sunshine Plaza in Singapore.

CDL has also shared that the divestment of the retail and office components of its mixed-use development, Hong Leong City Center (HLCC) in Suzhou, is under contract and is expected to be completed this quarter.

According to group CEO Sherman Kwek, the divestments are part of the company’s efforts …

An opportunity has arisen to acquire a beautiful two-storey bungalow at 11 Whitley Road, now available for sale through a tender process with a guide price of $31.88 million. This stunning property boasts a freehold elevated site of 15,276.27 sq ft, making it a highly desirable investment opportunity. With a guide price of $2,087 psf on the land area, this property is an excellent value for its prime location.

Originally built in 2016, the bungalow has been recently refurbished with the addition of a rear extension. It features five spacious bedrooms, three of which are en suite, as well as two living rooms, two dining rooms, a large well-equipped kitchen, and a helper’s room. This property offers luxurious living with ample space for families of any size.

Additionally, this freehold land parcel has the potential to be subdivided for the development of eight terraced houses. Each site would range from …

GuocoLand, one of Singapore’s leading property developers, has secured two green facilities from DBS Bank and Oversea-Chinese Banking Corporation – a $1.135 billion green facility for refinancing Guoco Midtown and a $105 million green facility for refinancing Midtown Bay.

The $1.135 billion green facility for the refinancing of Guoco Midtown is the largest facility that the company has secured to date. These facilities have been raised under GuocoLand’s Green Finance Framework and bring the total amount of green financing secured by the company to about $5 billion. Other projects that have been financed through green facilities include Guoco Tower, Lentor Mansion, Lentor Modern, Midtown Modern, and the upcoming Upper Thomson Road Development.

According to GuocoLand’s Group CFO, Andrew Chew, this latest refinancing activity not only allows the company to optimize its capital structure, but also aligns with its commitment to creating thoughtfully designed spaces that balance economic, environmental, and social …

Source: https://www.edgeprop.sg/property-news/freehold-mixed-use-roxy-square-relaunch-collective-sale

Freehold mixed-use development Roxy Square in Katong will be relaunched for collective sale, according to a press release by marketing agent JLL. The development consists of 296 shops, 26 apartments, and the 576-room Grand Mercure Roxy Hotel. It was previously launched for tender last July at a minimum price of $1.25 billion, but the tender closed on Sept 26 without any offers.

JLL has announced that the owners of Roxy Square are currently in the process of signing a supplemental agreement to lower the collective sale price by 10.8% to $1.115 billion. This proposed reduction will require at least 80% of the owners’ support to take effect, and it has already received backing from over 70% of the owners.

Under the new price, the development is expected to have a unit land rate of $1,852 psf per plot ratio (ppr), which includes a Land Betterment Charge (LBC) at …

of The Arcady at Boon Keng, which will feature 47 condo facilities spanning 4,000 sq m (Picture: KSH Holdings)

The Arcady at Boon Keng, a 172-unit freehold condominium, is set to become a landmark residence in the heart of the Boon Keng area upon its completion in 2027. Developed by trusted local developers KSH Holdings, SLB Development, and H10 Holdings, in collaboration with award-winning architectural firm Park + Associates, this project is poised to stand out with its modern architecture and dense green space along Serangoon Road.

When it was launched for sale in January, The Arcady at Boon Keng received a positive response from investors and local buyers alike. The efficient layout of the one-bedroom plus study units and two-bedroom units appealed to many, while families were drawn to the spacious units and family-friendly amenities.

For discerning buyers, The Arcady at Boon Keng offers a rare opportunity to invest …

An opportunity to acquire a portfolio of freehold strata retail units at Lucky Plaza is now available for investment at $52.6 million, with Savills Singapore acting as the exclusive marketing agent. Located on the highly coveted Orchard Road, Lucky Plaza is a mixed-use development comprising a residential tower and a six-storey mall with a basement.

The portfolio up for sale consists of 14 retail units, spanning the basement and the first two levels of the mall. These units vary in size from 118 to 3,046 sq ft, making up 7,266 sq ft of strata area in total. According to Savills Singapore, the highlight of this offering is a food court that encompasses seven adjacent strata units, covering a total of 3,046 sq ft and accommodating 11 stalls. The remaining retail units are currently tenanted by a variety of businesses, including a pub, retail shops, beauty services, and a maid agency.…