Casa Fidelio, a freehold landed development located on Fidelio Street in District 15, will soon be up for collective sale by tender on March 20. The appointed marketing agent for the site, PropNex Realty, has revealed that the reserve price for the development is set at $24 million, equating to a land rate of $1,388 psf. This marks the first attempt by the owners of Casa Fidelio to launch an en bloc sale for their property.

Built in 1990, Casa Fidelio is a strata-titled landed development consisting of seven cluster terrace units. Nestled in a residential enclave, the development spans …

Singapore’s GLS policy may help stabilise residential market; private home prices forecast to rise 5% in 2024 Updated:Tender for first private housing site in Bayshore precinct draws strong response.The tender for the first private housing site in the Bayshore precinct closed on March 18, attracting a total of eight bids. The 99-year leasehold site, located on Bayshore Road next to the Bayshore MRT Station, covers a land area of 112,992 square feet and has a potential yield of about 515 units.SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, emerged as the top bidder with a bid of $658.89 …

Private home sales in Singapore maintained their impressive performance in February, driven by the launch of new projects. According to data released by the Urban Redevelopment Authority on March 17, developers sold 1,575 units (excluding Executive Condos) last month, marking a significant 45.4% increase from the 1,083 homes sold in January.Despite the challenges of the past year, February’s figure is over 10 times higher than the 153 units sold in the same month in 2024, and is the highest February sales figure recorded in 13 years, since 2,417 units were sold in February 2012, reveals Tricia Song, CBRE’s head of …

The Singapore Land Authority (SLA) has put up a cluster of twenty heritage bungalows in Sembawang for tender. These properties are available for lease with a five-year tenure, and the option to extend for four more years.

The charming two-storey black-and-white bungalows are situated along Admiralty Road East, Falkland Road, Auckland Road West, and Fiji Road. These properties were built in the 1920s and 1930s, and cover an area of approximately 245,300 sq ft. The estimated total gross floor area (GFA) is 94,945 sq ft.

These bungalows are open for lease with serviced apartment usage, including multi-generational and senior co-living …

CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board composition in a bourse filing on March 17. These changes include the appointment of Tan Choon Siang as the new CEO and the reassignment of current CEO Tony Tan to the role of Chief Corporate Officer (CCO) of CapitaLand Development.

Effective from May 1, 2025, Tan Choon Siang, who currently serves as the deputy CEO of the company, will step into the role of CEO and executive non-independent director. He will also be appointed as a member of the executive committee (EC). On the other hand, current CEO Tony …

Keppel Land to invest $3 bln in mixed-use development in Saigon CentreEn Bloc SalesWatchlist

Keppel plans to shift its focus to other brownfield redevelopment projects after completing Keppel South Central, according to Samuel Ng, the President of Keppel’s real estate division in Singapore. Keppel South Central is a former 27-storey office tower known as Keppel Towers and a 13-storey building called Keppel Towers 2. Located along Hoe Chiang Road in Tanjong Pagar, the newly completed 33-storey Keppel South Central comprises about 650,000 sq ft of office, retail, and event space. The typical office floor plates are between 20,000 and 22,000 …

A Semi-Detached Leasehold Property on Kew Heights in District 16 is Up For Auction on March 15 for $3.65 MillionA leasehold semi-detached house on Kew Heights in District 16 is set to hit the auction block at SRI’s upcoming auction on March 15. The three-storey property, which has a 99-year lease, has a guide price of $3.65 million.The house sits on a corner plot of 3,034 sq ft and boasts a floor area of 4,436 sq ft over three levels. It includes six bedrooms, a family area, a living hall with a double-volume ceiling, an adjoining dining area, a kitchen, …

Trizon penthouse at Ridgewood Close was sold for a whopping $9.76 million ($1,701 psf) on Feb 27, making it the most profitable resale transaction of the week from Feb 25 to March 4. The spacious 5,737 sq ft unit on the 23rd floor had been previously bought for $6.55 million ($1,142 psf) in March 2016, which means the seller made a profit of $3.2 million (49%) or an annualized gain of 4.5% over nine years.

This sale is also the second-most profitable resale transaction at The Trizon to date. The record was set in August 2023 when a 7,083 sq …

Boutique condo Hill House reaches new high of $3,267 psfSold in January 2021: Real estate unit at The Esta tops the list of resale condos with the highest psf price achieved in the last three yearsIn the period between February 21 to 28, a two-bedroom unit at The Esta was sold for $2.38 million, setting a new psf-price record of $2,377 for the freehold condo. This surpassed the previous record of $2,317 psf set in January 2020 for a three-bedroom unit. The average resale price of condo units at The Esta has also increased steadily over the years, with an …

According to the Emerging Trends in Real Estate Global Outlook by PwC and the Urban Land Institute (ULI), low yields and slow transaction volumes were among the top concerns for property investors in Asia Pacific (Apac) this year. The report, published on March 12, gathers investor sentiment from global asset managers including Blackstone, Savills Investment Management, and CBRE Investment Management. Over 70% of respondents cited low yields, high interest rates, and geopolitical tensions as the main concerns for investors.

The report notes that Asia Pacific continues to be an attractive diversification strategy for industry leaders due to its population growth …