Singapore Property Market
- Sophia View is the first residential en bloc sale of 2019
Sophia View, a five-unit residential development in District 9, was sold in June to a private investor, making it this year’s first residential collective sale, reported Business Times. While marketing agent SRI refused to reveal the exact purchase price for the property, it shared that each unit will receive around ... read more - Gibraltar Crescent site to house Singapore’s first dementia care village
A site at Gibraltar Crescent has been put up for sale by public tender to pilot a dementia care village. In a joint release, the Urban Redevelopment Authority (URA) and the Ministry of Health (MOH) revealed that the site will be specifically designed to provide a safe, home-like environment wherein ... read more - Belmont Road GCB to go under the hammer
A Good Class Bungalow (GCB) at 80 Belmont Road is set to be auctioned on 23 July (Tuesday), carrying a guide price of $42 million or around $1,557 per sq ft (psf), reported The Straits Times citing Knight Frank Singapore. Situated near the Holland Village enclave, Sixth Avenue as well ... read more - Singapore economic growth to drop to 0.9% by year-end
Fitch Solutions expects Singapore’s economic growth to fall to 0.9 percent by the end of the year, a reversal from its earlier forecast of 2.2 percent growth, reported Singapore Business Review. This comes after GDP growth shrank 3.4 percent quarter-on-quarter but increased by a measly 0.1 percent in the second ... read more - June sales for new condos 25.5% higher than a year ago
Developers moved 821 units despite fewer units launched in June. Singapore’s private residential market achieved some semblance of stability a year after the government rolled-out additional cooling measures in July 2018. Last month, developers managed to sell 821 new units, excluding executive condominiums (ECs), even as only 670 new units ... read more
Overseas Property Market
- Keppel Land to develop three residential sites in Vietnam
Keppel Land, via its fully-owned unit Monestine, has partnered Vietnamese developer Phu Long Real Estate Corporation to acquire a 60 percent interest in three plots of land in Ho Chi Minh City, Vietnam for VND1,304 billion (S$76 million). With a total area of 6.2 hectares, the three sites within the ... read more - Oxley acquires 40% interest in Malaysia’s Aspen Vision Homes
Oxley Holdings’ fully-owned Malaysia unit has acquired a 40 percent equity interest in Malaysia-based Aspen Vision Homes Sdn Bhd (AV Homes) for RM20 million ($6.56 million). Prior to Oxley’s investment, AV Homes was a “dormant subsidiary of AGH and had a net tangible asset value of RM6 million as at 20 ... read more - JLL tempts Singapore investors with Tokyo project
Singapore investors can look forward to owning a property in Tokyo, with the launch of Branz Otemachi – a 13 storey residential development located within Tokyo’s bustling financial district. It offers 44 units starting at $513,100. Developed by Tokyo Land Corporation, the project offers 44 studio, one- and two-bedroom units, ... read more - Keppel to launch 20,000 homes in China
Keppel Corp enjoys huge overseas landbank unlocking potential, with three million sq m of remaining residential areas for sale in China. Keppel Corp enjoys huge overseas landbank unlocking potential, with three million sq m of remaining residential areas for sale in China – mainly in Shanghai, Wuxi, Chengdu and Tianjin. ... read more - First Sponsor extends payment deadline for Chengdu project sale
First Sponsor Group’s Chengdu Gaeronic Real Estate (CGRE) is allowing payment instalments for parts of its residential and commercial projects in China. First Sponsor Group’s indirect fully-owned unit, Chengdu Gaeronic Real Estate (CGRE), allowed payment in instalments, extended the payment deadline and further amended other payment terms for the proposed ... read more