In the second quarter of 2024, Singapore’s luxury condominium market saw a resurgence in activity, driven by the return of ultra-wealthy buyers. After three consecutive quarters of decline, sales for high-end condos have picked up, reflecting renewed interest from both local and international buyers. Developments like Upper House in Bukit Timah, Marina View Residences, and […]
When you’re considering prime properties like Marina View Residences, it’s essential to stay updated on significant developments in Singapore’s real estate market. Recently, a consortium made up of GuocoLand, Hong Leong Holdings’ Intrepid Investments, and Hong Leong Group’s Hong Realty submitted the top bid for a government land sale (GLS) site on Margaret Drive. Their […]
Roxy Square, a freehold mixed-use development in the vibrant Katong area, is now on the market for a collective sale with a minimum asking price of $1.25 billion. This translates to a land rate of $2,094 per sq ft per plot ratio (psf ppr), inclusive of a land betterment charge (LBC), as announced by marketing […]
Singapore’s beloved Japanese and Chinese Gardens, closed since May 2019 for redevelopment, will reopen in September as part of the next phase of Jurong Lake Gardens. Residents and visitors to The Lakegarden Residences and SORA can look forward to a stunning display of water lilies, creating Singapore’s largest collection, with vibrant shades of yellow, blue, white, […]
Hong Leong’s new Kassia condominium made a splash on its launch weekend, selling 52% of its 276 units. The Kassia price ranged from S$1,821 to S$2,177 per square foot (psf). Located off Upper Changi Road North in District 17, Kassia features four eight-storey blocks on a 150,838 sq ft site. The most popular choices among […]
Singapore is experiencing strong growth in wealth inflows, despite financial institutions tightening their onboarding processes following last year’s $3 billion money laundering case, according to Chia Der Jiun, Managing Director of the Monetary Authority of Singapore (MAS). To further support this growth, MAS is working to reduce the processing time for its tax incentive scheme, […]
Allgreen Properties, the owner of Great World mall, has submitted the top bid of $730.1 million for the Zion Road GLS site. This 99-year leasehold plot, known as Zion Road Parcel B, saw a lackluster bidding interest but still managed to attract a bid that analysts say was within market expectations. The site, released for […]
The sales of new private homes in Singapore plummeted to a record low in the first half of 2024, primarily due to a lack of new launches and price resistance amid weak market sentiment. Tricia Song, head of research for Singapore and Southeast Asia at CBRE, reported that a total of 1,916 units were transacted […]
Prime home sales in Singapore remained strong in the first half of 2024, surpassing figures from the second half of 2023 across all residential types in both sales value and transaction numbers. According to a report by Knight Frank released on July 9, a total of 98 luxury non-landed homes were sold, with a total […]
This past weekend, the latest residential project in Jurong Lake District, Sora, saw impressive sales figures. By 6 pm on Sunday (July 7), developers SingHaiyi and TK 189 Development announced that 102 units, or 23.2 percent of the total available, had been sold at an average price of S$2,160 per square foot (psf). Of the […]
