4 bungalows sold for $5.5m each

$22 million transaction works out to $1,128 psf of built-up area
AMID the current quiet residential market, some deals are still being stitched up.
All four strata bungalows in a freehold cluster housing development near Eng Neo Avenue were snapped up at $5.5 million each at a preview on Friday last week by a European with a [...]

Two industrial sites, good class bungalow up for sale

TWO freehold industrial sites - at 18 Howard Road and 27 New Industrial Road, in the north-eastern part of Singapore - are for sale by tender at indicative prices of $30 million ($272 per sq ft per plot ratio) and $14 million ($278 psf ppr) respectively.
Charles Hoon, director of investment properties at marketing agent CB [...]

Landed plots fetch 22% less at URA auction

LANDED-HOUSING sites at Sembawang were sold yesterday at prices 22 per cent lower on average than nearby plots a few months ago. Yesterday’s auction by the Urban Redevelopment Authority was for 11 plots with 99-year leasehold tenure. All were sold - for a total of $45.29 million, or $223 per sq ft (psf) on average.
The [...]

Commercial unit, GCB for sale by tender

A LARGE commercial unit at The Riverwalk, Upper Circular Road, is up for sale at an indicative price of $23 million.
The unit, which has a strata area of 20,161 sq ft that represents a 12.11 per cent ownership stake, is owned by private investors. The indicative price works out to about $1,140 per square foot.
CB [...]

Prices and rentals of landed homes set to rise

Land scarcity in Singapore should ensure sustainable capital growth in landed housing in the medium to long term, write STEVEN MING and AVIN SEOW
LANDED homes saw their strongest price rise last year since 1994 but they have yet to catch up with their non-landed counterparts, leaving room for more capital as well as rental growth [...]

Low bids, so landed plot in Jurong not awarded

IN A keenly watched move, the Government has decided not to award a landed housing site in Jurong West after only two bids came in - both way below expectations.
The top bid for the site, from Boon Keng Development, came in at $11.8 million, or $78 per sq ft (psf) of land area - less [...]

Jurong West landed plot not awarded

THE government yesterday said that it’s not awarding a landed housing parcel in Jurong West - because the bids were too low.
When the tender for the 151,759 square foot site closed this month, there were just two bids. And the higher of the two was a low $11.8 million - or just $77.80 per square [...]

Whitley Road homes ooze quiet charm

Buyers love the area’s lush greenery and wide open spaces, as well as its proximity to the city
THE escape of terrorist Mas Selamat Kastari from the Whitley Road Detention Centre has thrown the spotlight on the quiet, high-end residential area.

Previously, many people had no idea that the relatively upmarket area with many landed homes boasted [...]

Landed housing plot draws top bid of just $77.80 psf

Only one other offer made; poor show seen as sign of uncertain market.
IN what is seen as a sign of an uncertain property market, a landed housing parcel in Jurong West drew only two bids, and a low top bid of $11.8 million - or just $77.80 per square foot (psf) - at the close [...]

Westwood Avenue: Lower than expected bids for Jurong site

A LANDED plot in Jurong West that was tipped by one consultant to fetch bids of over $30 million failed to even get to half of that.
Just two offers were placed for the 99-year leasehold Westwood Avenue plot, a stark reflection of the fast-deteriorating sentiment in the property market.
The top bid of just $11.8 million, [...]