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A group of 14 retail shops situated in Peninsula Plaza, Sim Lim Square, and Far East Plaza are being offered for sale through an expression of interest (EOI) exercise. ERA Realty Network is the marketing agent for the properties, which have a combined price of $26.46 million.

Two of the shops are located in Peninsula Plaza, a 999-year leasehold mixed-use development on North Bridge Road. These ground-floor units have a combined strata area of about 990 sq ft and are being offered for $8 million, or $8,081 psf.

Peninsula Plaza is a 30-storey commercial development constructed in 1980. It includes …

GuocoLand has successfully secured a $367.1 million green club facility from DBS Bank for its Faber Walk site. The residential land parcel was procured through a Government Land Sale tender in November 2020 by GuocoLand and its joint venture partners, TID and Hong Leong Holdings. The partners submitted the winning bid of $349.86 million, equivalent to $900 per square foot per plot ratio, for the 277,659 square foot site.

The future development will consist of nine low-rise blocks, comprising a total of 399 residential units. It will be nestled in the exclusive landed private residential enclave of Faber Walk, adjacent …

News

On Mar 8, Sim Lian Group announced that 682 units (90%) of its 760-unit executive condominium (EC), Aurelle of Tampines, located at Tampines Street 62, has been sold. These units were sold at an average price of $1,766 psf.

According to Sim Lian Group, all the four- and five-bedroom units have been taken up. Additionally, 84% of the three-bedroom units have also been sold. Executive Director of Sim Lian Group Limited, Kuik Sing Beng, commented, “This remarkable response underscores the strong demand for thoughtfully designed and well-connected modern homes like Aurelle of Tampines, in the most well-connected regional centre …

Educational institutions, commercial hubs, and recreational facilities are also in close proximity, including the upcoming Greater Marina Bay Sports Hub and MRT stations such as City Hall and Bugis, adds Yip. With its prime location and unique heritage-meets-modern design, Aurea is setting a new benchmark for luxury living in Singapore’s Downtown Core precinct. The project’s joint developers, Far East Organization and Perennial Holdings, have launched Aurea for sale on Mar 8, making it one of the first luxury residential developments to be introduced in the Core Central Region (CCR) in the first quarter of 2025. The project, which consists of …

A unit at One Holland Village Residences has set a new psf-price high, achieving a peak of $3,781 psf from the sub-sale of a 1,238 sq ft three-bedroom unit for $4.68 million on Feb 17. This marks the first sale at the 99-year leasehold development this year.The 25th-floor unit was originally purchased from the developer in November 2023 for $4.19 million, earning the sellers a profit of around $490,000. This beats the previous record price of $3,426 psf, which was achieved in August 2022 for the sale of a four-bedroom unit at $7.15 million. The development, located along Holland Village …

Aspiring foreign investors must familiarize themselves with the rules and limitations surrounding property ownership in Singapore. Unlike landed properties, purchasing condos is generally less restrictive for foreigners. However, they are still subject to the Additional Buyer’s Stamp Duty (ABSD) which currently stands at 20% for their initial property acquisition. Despite the added expenses, the steady growth and potential of the Singapore real estate market continue to entice foreign investments. In addition to this, the recent New Condo Launches have also piqued the interest of foreign buyers in the country.

A rare opportunity has arisen for investors with the listing of …

Investors are showing a strong interest in deploying capital into real estate markets in the Asia Pacific region that offer high levels of liquidity, according to Hamish MacDonald, head and chief investment officer of APAC Real Estate at BlackRock. He states that the property sectors most likely to benefit from positive economic conditions this year include accommodation, logistics, and alternative assets. MacDonald also reveals that countries such as Australia, Japan, Singapore, and Auckland in New Zealand are experiencing high levels of liquidity, making them a top priority for BlackRock in 2021.

In contrast to the pessimism of 2022 and 2023, …

If you’ve visited a show flat in recent years, you may have noticed that the unit sizes seem to have gotten smaller. This is no surprise, as our perception of size is relative to what we’re used to. The homes we grew up in, whether HDBs or condos, were generally larger in the 1990s and 2000s. In 1995, the average size of a new condo was 1,272 square feet, which increased to 1,286 square feet in 2005, but then decreased to 858 square feet in 2015. By 2024, the average size had increased to 929 square feet.

This decrease in …

The Ministry of National Development (MND) has recently announced enhancements to the Silver Housing Bonus (SHB) and the Fresh Start Housing Scheme (Fresh Start) during this year’s Committee of Supply debate. These changes are part of the government’s continuous efforts to support senior citizens in downsizing and to improve public housing accessibility for lower-income households living in HDB rental flats.

The SHB aims to encourage senior citizens to better prepare for retirement by reallocating the value locked in their residential assets into their CPF Retirement Account (RA). Currently, eligibility for the SHB requires applicants to be aged 55 and above, …

The Ministry of National Development (MND) has recently announced revisions to the Additional Buyer’s Stamp Duty (ABSD) regime for licensed housing developers, which will come into effect on March 6. In addition, the ABSD remission timeline for developers undertaking complex projects will be extended from six to 12 months. This revision aims to encourage developers to take on urban transformation developments, optimize land use through intensification or integration, rejuvenate older estates, or adopt new construction technologies.

The extension will apply to projects that fall under four different categories. The first category is en bloc redevelopments that will yield at least …