Singapore Property Market
- Vertical “kampung” to rise next to Yew Tee MRT station in 2026
The development will be modelled after Kampung Admiralty, with housing and facilities for seniors, including a community club, a polyclinic and a kidney dialysis centre. The north-western part Singapore will be the site for a vertical “kampung”, having flats for the elderly and facilities such as a dialysis centre and ... read more - Sales of Singapore high-end apartments reach 11-year high
For the first eight months of this year, 68 condominium units in the city state were sold for at least $10 million each, the highest mark since the corresponding period in 2008. Sales of apartments in Singapore valued at $10 million have reached an 11-year high, buoyed by increased demand ... read more - Foreigners buy 249 condominium units in Q2 2019
This is the first quarterly increase seen since the cooling measures back in July 2018. The share of foreigners who purchased non-landed residential properties in the second quarter of this year grew to 249 units or 5.9 percent of the total transactions, reported Singapore Business Review citing OrangeTee & Tie. Image source: ... read more - First three TEL stations to open in late-January
At 43km long, it will be the sixth MRT line in Singapore. It will have 32 stations, eight of which are interchange stations, connecting neighbourhoods like Marine Parade, Thomson, Bedok and Toa Payoh to the Central Business District. Transport Minister Khaw Boon Wan announced that the first stage of the ... read more - New pricing model for Greater Southern Waterfront flats
Wong explained that the new measures are aimed at providing “a better balance between new and resale (flats) in terms of grants” In a bid to mitigate the “lottery effect” of securing a subsidised flat within the Greater Southern Waterfront, Minister for National Development Lawrence Wong revealed that the government ... read more
Overseas Property Market
- Heeton-led consortium buys out Aussie partner
Three Singapore-listed developers – Heeton Holdings, Lian Beng Group and KSH Holdings – have consolidated their interest in a freehold land parcel in Brisbane, Australia. According to a report on The Business Times, with Heeton holding a 55 percent stake, Lian Beng Group 30 percent and KSH Holdings 15 percent, ... read more - 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