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EFE 2018



Cheng Hoe House in Kovan up for collective sale

Singapore CHENG Hoe House, a group of eight freehold townhouses, was on Monday launched for collective sale by tender for S$28 million, marketer Teakhwa Real Estate said. The reserve price reflects a land rate of S$1,082.90 per square foot per plot ratio (psf ppr), including a development charge of about S$6.1 million. Teakhwa Real Estate said the land price would fall to S$1,052.50 psf if the 10 per cent bonus balcony area is included. The... ...more

CapitaLand and CDL team up again - this time for Sengkang mixed development

FOR the first time in about a decade, property heavyweights CapitaLand and City Developments are teaming up for a project in Singapore. The duo have just clinched a plum 3.7-hectare commercial and residential site next to Buangkok MRT Station under a dual-envelope (price and concept) state tender. The site can yield a maximum gross floor area of 842,124 sq ft. Their winning bid of S$777.78 million� works out to S$923.59 per square foot per plot... ...more

Rush to beat cooling measures sends developers' sales to 16-month high

Singapore THE knee-jerk reaction by some buyers who raced to snap up private residential properties on the night of July 5 to beat the cooling measures that kicked in the next day sent developers' sales for July to its highest level in 16 months. The 1,724 private homes developers sold in July was 2.6 times the 654 units in the previous month, and up 55 per cent from the 1,112 units in July 2017. However,... ...more

Relook energy usage to redesign buildings

THE RAPID rate of urbanisation in South-east Asia is sending infrastructure construction and development on an overdrive across the region, resulting in unprecedented levels of carbon emissions. At present, 309 million people - 48 per cent of the Asean population - live in urban areas. This number is expected to increase by an additional 63 million by 2025. Governments and cities face an uphill task to cater to the influx of city dwellers while... ...more

Kingsley Mansion en bloc at reserve price of S$45.5m

Singapore THE owners of Kingsley Mansion are launching a collective sale by tender for the 18-unit condominium in the Balestier area with a reserve price of S$45.5 million. The tender will launch on Tuesday and close at 3pm on Sept 13. The reserve price for the 14,350 square foot freehold site translates to a land rate of S$1,132 per sq ft per plot ratio (psf ppr), with no development charge payable on its gross plot... ...more

Boustead Singapore Q1 net profit quadruples

Singapore BOOSTED by better operating performance and sizeable other gains, infrastructure engineering company Boustead Singapore Limited reported a quadrupled net profit of S$12.2 million for its fiscal first quarter ended June 30, from S$2.9 million from a year ago. Revenue rose 18 per cent from S$90.3 million to S$107 million. The group noted that as its revenue is largely derived from project-oriented businesses, quarterly results would not... ...more

The Regalia up for en bloc sale at S$403m

Singapore THE Regalia, a freehold condo located at 2 River Valley Close, has been put up for public tender. Located in prime District 9, The Regalia sits on a freehold site of about 63,371 sq ft and commands "prominent corner dual road frontages" of about 150 metres along River Valley Close and River Valley Road, according to CBRE, the exclusive and sole marketing agent for The Regalia. The Regalia has an en bloc guide price... ...more

Freehold St Thomas Ville targets bids of more than S$58m in collective sale

Singapore OWNERS of St Thomas Ville, located along 38 St Thomas Walk, are eyeing bids in excess of S$58 million for their District 9 property in a collective sale. Over 80 per cent of the owners have consented to the sale, said sole marketing agent JLL in a media release on Monday. The freehold 12-storey site just off River Valley Road comprises 23 apartments built on a regular shaped plot. The 11,407 square foot site... ...more