Singapore Property Market
- Massive Kampong Bugis white site launched for sale
Nearly the size of 14 football fields, a sprawling 8.2 ha white site at Kampong Bugis on the Government Land Sales (GLS) reserve list has been made available for application by the Urban Redevelopment Authority (URA) on 5 December. Located at the mouth of Kallang River and located near ... read more - Government releases GLS residential sites for 1H 2020
The Ministry of National Development (MND) announced on 3 December it will release three confirmed sites for private residential developments in the 1H 2020 Government Land Sales (GLS) programme. The 1H 2020 sites will yield a combined 1,775 units. While the number of sites and units released is lower than the five confirmed sites ... read more - CRL to run directly beneath Central Catchment Nature Reserve: MOT
The government said the direct route will be more environment-friendly in the long run because it “has lower energy consumption”. After years of debate, discussion and consultation, the Ministry of Transport (MOT) has decided to build the Cross Island MRT Line (CRL) under the Central Catchment Nature Reserve, instead of going ... read more - Doctor buys Geylang condo in $26 million en bloc sale
Kwong Wai Shiu Hospital, the owner of Leshan Gardens condominium in Geylang, has sold the freehold property en bloc to an unnamed ear, nose, throat specialist for $26.28 million on a 104-year lease, reported The Business Times. The price, which includes a $2.35 million development charge, works out to around $623 ... read more - 13 semi-d houses up for sale by Hakka association for $38m
The price works out to around $2.93 million for each house. Image: Google Fong Yun Thai Association, the umbrella body for three Hakka clans in Singapore, has put up 13 strata-titled semi-detached homes at Eleven @ Holland for sale via an expression of interest with a guide price of $38 million, ... read more
Overseas Property Market
- Stocks gain amid hopes of end in trade war
With shares across the world rising, and “progress talks” between the US and China, the US-China trade world looks to be drawing to a close. World shares hit a 21-month high on Monday (4 November) on the back of signs that the United States and China trade war may soon ... read more - 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