General Property News

Upper Thomson Road (Parcel B) GLS Location Map

URA awards Zion Road, Upper Thomson sites to sole bidders at lower-than-expected offers

The Urban Redevelopment Authority (URA) has awarded the sole bidders for the large sites on Zion Road and Upper Thomson Road, following the closure of tenders on April 4, where single bids were submitted at prices lower than expected. Zion Road’s Parcel A was secured by a collaboration between City Developments Limited (CDL) and Mitsui Fudosan […]

Lentor Mansion sells 75% of units on launch weekend

TOP Selling Condo in Singapore Q1 2024

The following report provides an analysis of the top-selling private condominium projects in Q1 2024 based on key metrics such as tenure, district, average price per square foot (PSF), and sales volume. Understanding these trends can offer insights into the dynamics of the real estate market in Singapore during the first quarter of 2024. Key […]

Upper Thomson Road (Parcel B) GLS Location Map

Clinching Upper Thomson site could cement GuocoLand, Hong Leong hold over the area

The Upper Thomson area’s latest state tender closure witnessed developers exercising caution, resulting in only one bid being submitted. The joint venture between GuocoLand and Hong Leong Holdings clinched the site with an offer of approximately S$780 million or S$904.60 per square foot per plot ratio (psf ppr), falling just below pre-tender expectations. Consultants had […]

OCBC Centre Chulia Street Wikimedia Commons

OCBC exploring redevelopment of Chulia Street property

OCBC, in a statement released on Wednesday (Apr 3), confirmed its exploration of the redevelopment of its renowned Chulia Street property, as reported earlier by Business Times. Emily Teo, head of group property management at OCBC, affirmed the bank’s intent to rejuvenate a strategic area in the central business district through the redevelopment of 63, […]

Watten House Artists Impression 2

Prices of Singapore GCBs, luxury apartments remain stable as sales volume declines

According to CBRE on Tuesday (Mar 26), although transaction volumes for luxury apartments and Good Class Bungalows (GCBs) experienced a decline in the second half of 2023, prices in these segments remained stable. In the latter half of 2023, there were nine GCB transactions totaling S$202.05 million, marking a 64.9 per cent decrease from the […]

Five-party consortium places 2 bids for Jurong Lake District site

Five-party consortium places 2 bids for Jurong Lake District site

A consortium consisting of CapitaLand Development, City Developments, Frasers Property, Mitsubishi Estate, and Mitsui Fudosan (Asia) has submitted two bids, each with different concept proposals, for the master-developer site located in Jurong Lake District (JLD). Comprising a 25 per cent stake from each of the first three parties and a 12.5 per cent stake from […]

Lentor Mansion sells 75% of units on launch weekend

Lentor Mansion sells 75% of units on launch weekend

Lentor Mansion Achieves 75% Sales Over Launch Weekend GuocoLand’s latest luxury residential project, Lentor Mansion, saw impressive sales figures during its launch weekend, with 75% of its 533 units snapped up. Over the course of March 15 and 16, the developer sold 400 units, ranging from $2,104 to $2,478 per square foot (psf), including VIP […]

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