Sale of rare Marina Bay land next to Asia Square set to fetch bumper price

SINGAPORE (BLOOMBERG) – The first sale of land in Singapore’s Marina Bay in nine years is set to fetch a bumper price as developers jockey for a piece of the sought-after financial district.

The 1.1 hectare plot may fetch more than S$1.8 billion, according to Cushman & Wakefield Inc., or S$1,200 per square foot of gross floor area. That would make it Singapore’s most expensive land sale since 2007, when the Asia Square Tower I plot sold at S$2.02 billion, or a rate of S$1,409 per square foot. Continue reading

Raintree Gardens up for sale en bloc

Raintree Gardens in Potong Pasir was put up for sale en bloc yesterday with a minimum asking price of $315 million.

The privatised Housing and Urban Development Company estate, which was built in the late 1980s, comprises 175 units across two 12-storey and one seven-storey maisonette blocks, with a land area of about 201,405 sq ft. It is zoned for residential use with a gross plot ratio of 2.8 under the Urban Redevelopment Authority’s 2014 Master Plan. Continue reading

SLA launches free online information service for property owners

SINGAPORE – Property owners can now access free information on their property on the Singapore Land Authority’s new online service, MyProperty.

The online service is available at www.sla.gov.sg/MyProperty and members of the public need their SingPass to log in.

To start with, property owners can view their title deeds and boundary plans on MyProperty. Additional features will be rolled out in phases, including online alerts to property owners of any document lodged against their property title and records related to their property including caveat and mortgage documents.

Currently, members of the public who wish to view a property’s title deed or any encumbrance, such as a caveat lodged against it, must purchase the information via SLA’s Integrated Land Information Service (INLIS) or over the counter.

A fee of S$5.25 to S$16 is payable depending on the type of information required and a person checking on his own property has to pay the same fees.

With the launch of MyProperty, property owners can now view their own title information without charge.

From Aug 31, the online service includes all private property titles and about 130,000 HDB property titles that have been digitised so far. The rest of the HDB property titles are expected to go online by end-2019, said SLA.

URA launches tender for plum white site at Central Boulevard

SINGAPORE – The Urban Redevelopment Authority (URA) launched on Tuesday (Aug 30) the sale by tender of a prime mainly office site at Central Boulevard in Marina Bay.

The sale of the “white site” was triggered by an application earlier this month from a developer, believed to be from mainland China, according to an earlier Business Times report. Continue reading