Latest News - 1549

Two office floors at 999-year leasehold Malacca Centre for $12.88 mil

Posted on: May 7, 2021

SINGAPORE (EDGEPROP) - Two office floors at Malacca Centre in Raffles Place have been offered for sale by public tender, announced CBRE the marketing agent.The office space comprises 1,830 sq ft on the 9th floor and 2,142 sq ft on the 16th floor. According to CBRE, the office space can be sold indiv...

ESR Reit acquires Global Trade Logistics Centre in Jurong East for $112 mil

Posted on: May 7, 2021

SINGAPORE (EDGEPROP) - Real estate investment trust ESR-REIT has acquired a warehouse facility at 46A Tanjong Penjuru, called Global Trade Logistics Centre, from Montview Investments. CBRE Industrial & Logistics Singapore represented the seller in the transaction. According to an SGX filing by E...

Conservation shophouses at 73 & 75 Neil Road selling for $30 mil

Posted on: May 7, 2021

SINGAPORE (EDGEPROP) - A pair of adjoining three-storey conservation shophouses at 73 & 75 Neil Road have been put up for sale, announced CBRE the sole marketing agent. The sale will be conducted through an Expression of Interest (EOI) exercise.The shophouses enjoy an 11-metre street frontage al...

Ascendas Reit to acquire remaining 75% interest in Galaxis for $534.4 mil

Posted on: May 7, 2021

SINGAPORE (EDGEPROP) - Ascendas Real Estate Investment Trust (Ascendas Reit) plans to acquire the remaining 75% equity stake in Ascendas Fusion 5, the holding entity for Galaxis, a business park in the one-north district. According to Ascendas Funds Management, the manager of the Reit, the purchase ...

The complete list of million-dollar HDBs and where to find them

Posted on: May 7, 2021

SINGAPORE (EDGEPROP) - Since 2020, there have been 136 million-dollar HDBs being transacted (up till Mar’21). Although this is still a relatively small portion (0.4%) of the entire market, the numbers have been increasing. In Q1’2021 alone, there were 53 million-dollar HDBs bein...

Hongkongers should use reverse mortgages to lock in stable incomes and overcome economic hardships, say industry observers

Posted on: May 5, 2021

SINGAPORE (EDGEPROP) - Elderly Hongkongers should consider the government's reverse mortgage programme to secure fixed and stable incomes during the city's worst recession on record and rising unemployment, industry observers said.The programme, which was introduced in 2011 and is run by the Hong Ko...

Cloud kitchen units at CT Hub 2 available for sale

Posted on: May 5, 2021

SINGAPORE (EDGEPROP) - A portfolio comprising 29 ground-floor F&B and cloud kitchen units are on the market and will be sold in an Expression of Interest (EOI) exercise. Colliers International is the marketing agent for this portfolio.The strata units are in CT Hub, a 99-year leasehold commercia...

The Woodleigh Residences: the future of integrated living

Posted on: May 4, 2021

Integrated developments boast maximum convenience and connectivity — both of which are greatly valued in the hustle and bustle of life’s demands. We actively look out for avenues to enhance the quality of our lives. And if we choose wisely, our home can in many ways, greatly reduce the burden of...

Four-bedroom unit at Costa Rhu reaps $2.14 mil profit

Posted on: May 1, 2021

SINGAPORE (EDGEPROP) - A four-bedroom unit at Costa Rhu in District 15 changed hands for $3.15 million ($1,421 psf) on April 14, netting its seller the highest profit during the week of April 13 to 20. The 2,217 sq ft unit on the third floor was bought in September 1998 for $1.01 million ($458 psf)....

Industrial-style semi-detached house at Greenbank Park for sale at $9.98 mil

Posted on: May 1, 2021

SINGAPORE (EDGEPROP) - It was love at first sight for the owner of a semi-detached home when she visited its land plot in 2017. Already searching for a home in Greenbank Park, in the Bukit Timah area, she set her eyes on the site because it was connected to vast greenery.She immediately decided to p...

Integrated developments: Withstanding the test of time

Posted on: May 1, 2021

Compass Heights, the first private condominium linked to an integrated transport hub and shopping mall, was completed in 2002 and continues to command a rental yield of 3.3% (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - Singaporean Ms Lau believes she was one of the first resid...

Biomimicry: When nature and tech work together

Posted on: May 1, 2021

SINGAPORE (EDGEPROP) - Clearing land for construction destroys natural habitats, especially the soil. When the topsoil is removed, the soil loses its ability to regulate water flow, provide nutrients, and fight pests and diseases. The off-site negative impact includes affecting soil quality and dete...