The number of sales of Good Class Bungalows (GCBs) remains below the level they were at before the Total Debt Servicing Ratio was imposed in mid-2013, but there remains buying interest for this rare type of property.
Developer OUE said on Thursday that it is buying two GCB plots in Nassim Road for $56.58 million. Continue reading
Developer OUE has clinched two prime sites in Nassim Road at a bid price of about $56.6 million, said the firm last night.
OUE said the freehold land parcels, which make up about 33,300 sq ft and are owned by the British government, are both at 28 Nassim Road. Nassim is one of Singapore’s most exclusive good class bungalow enclaves. Continue reading
The success of High Park Residences in Fernvale Road is expected to spark keen interest for a nearby site that went on the market yesterday.
Analysts expect the 99-year leasehold plot – also in Fernvale Road – to draw between five and 10 bids from developers, with offers reaching as high as $272 million. Continue reading
SINGAPORE -The Urban Redevelopment Authority (URA) launched on Tuesday (Aug 16) a condominium site at Fernvale Road in Sengkang for sale by tender.
The 99-year leasehold site can potentially yield about 605 units. It spans 17,196.4 square metres and has a maximum gross floor area of 51,590 sqm. Continue reading
A mixed development or “white” site in Central Boulevard is to go on sale nearly a decade after the sale of the last Marina Bay office site.
An unidentified developer triggered the site’s release for sale from the Government’s reserve list by committing to bid at least $1.536 billion at the tender, or about $1,010 per sq ft per plot ratio (psf ppr). Continue reading
In these tough economic times, buying cheap is not easy – even for veteran property tycoons.
City Developments (CDL) executive chairman Kwek Leng Beng said would-be sellers are not budging on several deals he is negotiating, while many organisations are ready to jump in when opportunities arise. Continue reading
Private equity investment firm Lucrum Capital has sold its 81,468 sq ft school property in Hillside Drive for nearly double what it paid in 2012.
Hong Kong-listed China Maple Leaf Educational Systems has picked up the property for $68 million, the Chinese international school operator said earlier this week. Continue reading