March 2025
Freehold Cluster Landed Development Casa Fidelio Collective Sale 24 Mil
Casa Fidelio, a landed development situated on Fidelio Street in District 15, is being put up for collective sale by tender on March 20. The marketing agent for the site, PropNex Realty, has announced a reserve price of $24 million, which translates to a land rate of $1,388 psf. This is the first attempt by the owners of Casa Fidelio to sell the property through an en bloc sale.
Comprising of seven strata-titled cluster terraces that were completed in 1990, Casa Fidelio occupies a land area of approximately 17,293 sq ft that is zoned for residential use. The land is …
First Gls Site Bayshore Draws Eight Bids Singhaiyi Puts Top Bid 1388 Psf Ppr
The recent tender for the first private housing Government Land Sale (GLS) site in the upcoming Bayshore precinct closed on March 18 with a total of eight bids received. The 99-year leasehold site, located on Bayshore Road next to the Bayshore MRT Station, spans 112,992 sq ft and has the potential to yield about 515 units.
The top bid of $658.89 million, translating to a land rate of $1,388 psf per plot ratio (ppr), was submitted by SingHaiyi-Garnet, a joint venture between SingHaiyi Group and Haiyi Holdings, a company controlled by Celine and Gordon Tang who hold a majority shareholding …
February Developers%E2%80%99 Sales Surge 13 Year High 1575 Units Sold
Fresh launches have kept the strong momentum in new private home sales going in February. According to data released by URA on March 17, developers sold 1,575 units last month, excluding executive condos (ECs). This represents a 45.4% increase from the 1,083 units sold in January.
Compared to February 2024, the number of new home sales in February this year was over 10 times higher, reflecting a surge in demand. It is also the highest February developer sales figure in 13 years, since 2,417 units were sold in February 2012, according to Tricia Song, CBRE’s head of research for Singapore …
Sla Launches Tender Heritage Bungalows Sembawang
The Singapore Land Authority (SLA) has launched a tender for the lease of a cluster of twenty heritage bungalows in Sembawang. These two-storey black-and-white bungalows, located along Admiralty Road East, Falkland Road, Auckland Road West and Fiji Road, were built in the 1920s and 1930s and occupy a total area of about 245,300 sq ft with an estimated 94,945 sq ft of gross floor area (GFA).
The lease will be for a period of five years, with an option to extend for another four years. These bungalows can be used for serviced apartments, including multi-generational and senior co-living concepts. The …
Capitaland Integrated Commercial Trust Appoints New Ceo May 1
CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board of directors, with the appointment of a new CEO and shuffling of roles for current executives. According to a filing to the stock exchange on March 17, current deputy CEO Tan Choon Siang will be appointed as the new CEO of the company and also become an executive non-independent director effective from May 1, 2025. He will also join the executive committee (EC) of the company.
Meanwhile, current CEO Tony Tan will step down as an executive non-independent director and member of the EC. He will take on the …
Keppel Pivots Brownfield Redevelopment Projects Following Completion Keppel South Central
$6.8 billion redeveloped Liang Court to be named One Liang Court, with 477 private apartmentsBeach Road redevelopment: South Beach Residences marks successful end to 20204 major property developers submit bids for the Victoria Junior College site in TanglinSingapore to launch tender for plot at Marina View; site expected to accommodate around 1,000 residential units COMMENTSThe article “Keppel pivots focus to brownfield projects after Keppel South Central completion: president” originally appeared on The Edge Singapore Edition.
In a recent interview, Keppel’s president of its real estate division in Singapore, Samuel Ng, announced plans to pivot the company’s focus towards brownfield redevelopment …
Three Storey Semi Detached Bedok South Block 365 Mil
SRI to auction 3-storey semi-detached house in Kew Heights for $3.65 million
A 99-year leasehold semi-detached house in Kew Heights, District 16, will be up for auction on March 15 by SRI with a guide price of $3.65 million. The three-storey property sits on a 3,034 sq ft corner plot, with a land rate of $1,203 psf. This will be the first time the house is being offered for sale via auction, as it is a mortgagee sale and comes with vacant possession.The house has a spacious floor area of 4,436 sq ft spread over three levels. The ground floor …
Upperhouse Orchard Indulge in Japanese Wagyu Perfection at Fat Cow Steakhouse
Upperhouse Orchard, located in the heart of Orchard Road, is undeniably the ultimate destination for shopping in Singapore. Its strategic location puts its residents in close proximity to the finest malls and retail hubs in the city. Whether you have a passion for fashion, technology, or high-end brands, Upperhouse Orchard offers an unparalleled shopping experience. With its prime location on Orchard Road, it is no wonder that Upperhouse is globally recognized as Singapore’s premier shopping destination. So, whether you’re a local resident or a visitor to Singapore, make sure to add Upperhouse Orchard to your must-visit list for an unforgettable …
Upperhouse The Perfect Blend of Accessibility and Prestige on Orchard Boulevard Condo
“Located in close proximity to elite schools, Orchard Boulevard Condo provides families with the ideal opportunity to access top-notch educational institutions and achieve educational excellence.”
For families with children, Upperhouse is located near prestigious schools such as Raffles Girls’ Secondary School and Anglo-Chinese School (Primary). This makes it an ideal home for families looking to provide their children with quality education without having to travel too far.
Upon entering Upperhouse, residents are greeted by a grand and elegant lobby, exuding sophistication and luxury. The interiors are designed by renowned award-winning architect, K DaRoza Design, known for its sleek and timeless …
Sale Penthouse Trizon Earns Seller 32 Mil Profit
The most profitable resale transaction during the week of Feb 25 to March 4 was the sale of a penthouse at The Trizon, a 289-unit condo located on Ridgewood Close. The 5,737 sq ft unit on the 23rd floor fetched a sale price of $9.76 million, or $1,701 per square foot, on Feb 27. This was a significant gain for the seller who had bought the unit for $6.55 million, or $1,142 per square foot, in March 2016. The sale earned the seller a profit of $3.2 million, or 49%, which translates to an annualised gain of 4.5% over nine …