The One Holland Village Residences has once again topped the list of private condos with a new record psf-price high during the period of Feb 16 to 21. This achievement was made possible by the sale of a three-bedroom unit at the development for a whopping $3,781 psf on Feb 17. The luxurious unit, spanning 1,238sq ft, was sold for a staggering $4.68 million and marks the first transaction of the year at the 99-year leasehold project.The sellers of this unit, located on the 25th floor, had originally bought it from the developers in November 2023 for $4.19 million or …

A terrace factory at Midview City spanning over three storeys has recently been put on the market, with an asking price of $6.2 million or $688 per square foot (psf). This sale is being facilitated by the exclusive marketing agent Colliers International.

This property is situated on Sin Ming Lane, within the bustling Sin Ming Industrial Estate, and consists of a basement and roof terrace. It boasts a total strata area of approximately 9,009 square feet and is classified as a “Business 1” site under the URA Masterplan 2019.

The 60-year leasehold factory building, which was completed in 2012, has …

If you’ve visited a show flat recently, you may have noticed that the sizes of units seem to be getting smaller. This is not surprising, as our perception of size is shaped by our past experiences. In the 1990s and 2000s, the average size of HDB flats and condos was larger compared to today. In 1995, the average size of a new condo was 1,272 sq ft, which increased to 1,286 sq ft in 2005, before dropping to 858 sq ft in 2015. By 2024, the average size had increased to 929 sq ft. This can be attributed to the …

APAC real estate markets are seeing an influx of capital this year, with investors showing a particular interest in the property sectors of accommodation, logistics, and alternative assets, according to Hamish MacDonald, head and chief investment officer of APAC Real Estate at BlackRock. He also predicts that investor sentiment will be more bullish this year compared to 2022 and 2023, with institutional investors initiating discussions about deploying and recycling capital in selective Asia Pacific real estate markets.

BlackRock has been focusing its acquisitions in Singapore on the serviced apartment sector, partnering with YTL Corp to purchase Citadines Raffles Place for …

The Ministry of National Development (MND) has recently announced updates to the Silver Housing Bonus (SHB) and Fresh Start Housing Scheme (Fresh Start) during the Committee of Supply debate. These changes are aimed at supporting seniors in downsizing and improving access to public housing for lower-income households living in HDB rental flats.

The SHB encourages seniors to plan for their retirement by unlocking the value of their residential assets and transferring it into their CPF Retirement Account (RA). Currently, eligibility for the SHB requires applicants to be 55 years or older, have a monthly income below $14,000, own a property …

The Ministry of National Development (MND) has recently announced revisions to the Additional Buyer’s Stamp Duty (ABSD) regime for licensed housing developers, with effect starting from March 6.

Under the new changes, the ABSD remission timeline for developers undertaking complex projects will be extended from six to 12 months. This is aimed at encouraging developers to take on urban transformation developments, optimize land use through intensification or integration, rejuvenate older estates, or adopt new construction technologies.

The extension will apply to projects such as en bloc redevelopments that will yield at least 700 units upon completion, and have at least …

in view of recovery support

The Land Transport Authority (LTA) is currently conducting feasibility studies for two new MRT lines which are expected to be completed in the 2040s. These proposed lines have the potential to serve over 400,000 households.

One of the proposed lines, the Seletar Line, will connect areas such as Woodlands, Sembawang, Sengkang West, Serangoon North, Whampoa, Kallang, and the Greater Southern Waterfront. The other line, currently referred to as the Tengah Line, will supplement the transport network in the west and northwest regions, serving areas such as Tengah, Bukit Batok, Queensway, and Bukit Merah.

According to …

Elias Green, a 99-year leasehold condominium located in Pasir Ris, is set to be launched for collective sale through public tender on March 6 by ERA Realty Network, the appointed marketing agent. The property has a guide price of $928 million.

Originally built in 1994, the condo sits on a land area of approximately 516,871 sq ft and is zoned for residential use with a gross plot ratio of 1.4. Comprised of multiple blocks, the development offers a total of 419 apartments ranging in size from 1,367 to 1,636 sq ft. The site currently has 65 years left on its …

The tender for Media Circle (Parcel A), a Government Land Sale (GLS) site in the vibrant one-north area, concluded on March 4 with a winning bid of $315 million submitted by a consortium consisting of Qingjian Realty, Forsea Holdings, and minority investor Hoovasun Holding. This 99-year leasehold site is zoned for residential use with commercial space on the first storey and covers a land area of 82,125 square feet.

The Qingjian-Forsea consortium’s bid translates to a land rate of $1,037 per square foot per plot ratio (psf ppr) and can potentially yield around 325 housing units with a maximum gross …

HPL, a property player and hotelier, is expanding its global reach with plans to acquire InterContinental Auckland for NZ$180 million ($138.5 million). This will be HPL’s first property in New Zealand and its second InterContinental hotel, following the acquisition of InterContinental Maldives Maamunagau Resort.

According to JLL’s Asia Pacific Hotels & Hospitality Group, who advised on the sale by Precinct Properties, this off-market deal is the largest single hotel asset sale ever in New Zealand. The purchase of the Auckland hotel is part of HPL’s strategy to expand its luxury hospitality portfolio in key markets of the Asia Pacific region, …