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Singapore Property Market News

Singapore Property Market

  • Former Zouk site up for sale with $689.353mil reserve price
    Aerial view of the land parcel at Jiak Kim Street.(Photo: URA) The site previously occupied by iconic nightclub Zouk has been put up for sale, with a minimum bid price of $689.353 million. The tender for the 99-year leasehold site will close on 5 December, with tenders below $689.353 million ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-20
  • GuocoLand net profit soared to $165.6mil in Q1
    GuocoLand saw its first-quarter net profit grow more than six-fold to $165.6 million from $25.6 million over the same period last year. Revenue soared 79 percent to $362 million from $202.8 million, mainly due to higher sales and progressive recognition from its residential projects in Singapore. The group’s share of ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-20
  • Hougang condo sold for $629m in collective sale
    The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October). This ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-20
  • Hougang project sold for $629m in collective sale
    The owners of Florence Regency are expected to receive between $1.84 million and $1.89 million from the sale. (Photo: JLL) The 336-unit Florence Regency development at Hougang Avenue 2 has been sold to Hong Kong-listed developer Logan Property for $629 million, marketing agent JLL said on Friday (20 October). This ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-20
  • Simplified HDB resale process by 2018
    The Housing Board announced on Thursday (19 October) that they plan to launch a new website that will significantly expedite the selling and buying of HDB resale flats. At present, an HDB resale transaction usually takes about 16 weeks to complete, where both parties need to fulfil two appointments with ... read more
    Source: Singapore Property Market NewsPublished on 2017-10-20

Overseas Property Market

  • Slim chance of renting HK flat for under HK$10,000
    “Rentals are increasing but at the same time, prices are also going up,” says Thomas Lam, head of valuation at Knight Frank. It’s now harder to rent an apartment for less than HK$10,000 (S$1,742) per month in Hong Kong’s two urban areas as such flats are nearly no longer available ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-11
  • Georgian-inspired homes launching in Singapore
    Artist’s impression of Chiswick Gate and its courtyard gardens.  Berkeley Homes is launching the final batch of units at its Chiswick Gate development in West London at a private launch event in Singapore on 11 and 12 October. Marketing agent Knight Frank is arranging one-on-one meetings between the UK developer ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-11
  • 9 most expensive tech districts in Asia
    The Tri-Bowl Building in the smart city of Songdo in South Korea. PKphotograph/Shutterstock Some cities just require a little more investment than others. By Property Report London has overtaken San Francisco as the world’s priciest office market for tech companies, according to the recent Global Cities Report by Knight Frank. Office space ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-05
  • Sydney home prices slows, while Melbourne continues rise
    After a 17-month climb, house prices in Sydney showed signs of slowing as it fell 0.1 percent in September while growing by only 0.2 percent in the third quarter, reported The Guardian. Melbourne and Hobart, on the other hand, continued to witness strong price growth at 0.9 percent and 1.7 ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-03
  • New London landmark to launch in Singapore
    Artist’s impression of Royal Warwick Square. UK developer St Edward will be exhibiting the first phase of its Royal Warwick Square development in London at St Regis Singapore next weekend (14 to 15 October). Dubbed Sherrin House, homes in this release comprise 66 one- to three-bedroom apartments and penthouses set ... read more
    Source: Overseas Property Market NewsPublished on 2017-10-03