Mansion for sale with owner
Buyers of the de Guigné Estate, which is on the market with a price tag of US$100 million, will get an added extra as part of their property purchase.The home in Hillsborough, California – one of the most expensive in the United States – is being sold with the condition that...
Continue Reading • 20 Jun 2013
BEX 2013 all set to promote a greener Southeast Asia
This year’s Build Eco Expo (BEX) Asia will draw greater focus and support to the green initiatives actively pushed by Southeast Asian nations, featuring the latest green technologies and products for residential and commercial properties.Organised by Reed Exhibitions, the event will be held...
Continue Reading • 19 Jun 2013
OUE acquires US Bank Tower
Singapore property developer Overseas Union Enterprise (OUE) has successfully completed the acquisition of the US Bank Tower for US$367.5 million or around S$459.375 million from Library Square Associates, a unit of US REIT MPG Office Trust.Based on a previous company announcement dated 11 March,...
Continue Reading • 19 Jun 2013
Low-income S'poreans to get two-year rent increase waiver
National Development Minister Khaw Boon Wan said that rental increases will now be waived for two years for incomes that cross the S$800 a month threshold, in order to prevent rises affecting low-income Singaporeans who receive pay increase.In a blog entry posted on Wednesday, Mr Khaw said it was...
Continue Reading • 19 Jun 2013
CDL releases 2013 sustainability report
Property developer City Developments Limited (CDL) has published its sixth sustainability report titled ‘Changing the Landscape’, which highlights updates to corporate governance and policies relating to Anti-Corruption, Fraud and Competition.The report also details CDL’s...
Continue Reading • 19 Jun 2013
Keppel Land China secures prime residential site in Shanghai
Keppel Land continues to strengthen its presence in China after acquiring a 17.5-ha prime residential site in Sheshan, Shanghai for RMB1,330 million (S$266 million). The site is said to be developed into 200 landed homes.“China is one of Keppel Land’s core markets and we are committed...
Continue Reading • 19 Jun 2013
Monaco penthouse to sell from S$315m
A five-storey penthouse (pirtured) on top of the 49-storey Odeon Tower in Monaco is set to become the most expensive property in the world when it is launched next year.The unit offers 3,300 sq m of living space and is expected to have a starting price of about US$250 million (S$315 million). The...
Continue Reading • 19 Jun 2013
Faber Walk residential site draws S$156.7m top bid
A residential site at Faber Walk drew interest from 18 bidders when tender closed yesterday, according to the Urban Redevelopment Authority (URA).Launched for tender on 15 April, the 15,125.4sq m site has a maximum gross floor area (GFA) of 21,176 sq m and a lease period of 99 years.World Class...
Continue Reading • 19 Jun 2013
Eunosville up for collective sale by tender
A 330-unit residential development, Eunosville (pictured), is up for collective sale by tender with a reserve price of S$688 million, according to its exclusive marketing agent Jones Lang LaSalle (JLL). If sold, the development located opposite the Eunos MRT station will be the second largest...
Continue Reading • 18 Jun 2013
Data to be released by govt for business, personal use
In a bid to broaden public awareness, the government will disclose more data to the public for business and personal use.For instance, the Ministry of Manpower (MOM) will unveil a new portal that enables employers compare the performance of their company against industry norms, in terms of wages,...
Continue Reading • 18 Jun 2013
Strong governance needed to build liveable cities
Strong governance and other conditions like promoting a spirit of innovation and experimentation are needed to build liveable cities and solve future urbanisation challenges, according to experts and city leaders who attended the World Cities Summit Mayors Forum at Bilbao, Spain.Co-organised by...
Continue Reading • 18 Jun 2013
ERA for sale at S$200 million
The ERA Real Estate network throughout Asia Pacific is for sale with a price tag of S$200 million, according to media reports on Monday.The Wall Street Journal, citing sources with knowledge of the situation, reported that Singapore-based Hersing Corp., which owns the franchise rights to the...
Continue Reading • 18 Jun 2013
Yi Mei Garden sold for S$136m
Roxy-Pacific Holdings, through its unit RH Draycott Park, has acquired Yi Mei Garden, a freehold residential site along Tampines Road, through a collective sale for S$136 million or S$856 psf ppr.The sale price also includes a development charge of over S$4 million and will be funded by internal...
Continue Reading • 18 Jun 2013
Tycoon to build London's 2nd biggest residence
By Shabnam Muzammil:British property mogul Marcus Cooper (pictured) plans to transform seven adjacent houses near Regent’s Park in London into a single stuccoed ‘super-mansion’ with an asking price of approximately £200 million (S$392 million).Overall, the seven-storey...
Continue Reading • 17 Jun 2013
Rise in private new home sales
Sales of new private homes in Singapore rose 5 percent month-on-month during May 2013 according to the latest data released by the Urban Redevelopment Authority (URA).Last month a total of 1,455 private homes were sold – some 5 percent more than April’s totals but 15 percent less than...
Continue Reading • 17 Jun 2013
URA launches five sites, 3,600 homes
By Shabnam Muzammil:The Urban Redevelopment Authority (URA) will release three residential sites and two commercial and residential sites for sale this month, under the Government Land Sales Programme (GLS) for the first half of the year.The five land parcels are estimated to collectively yield...
Continue Reading • 17 Jun 2013
MAS censures 20 banks for attempted rate rigging
By Shabnam Muzammil:The Monetary Authority of Singapore (MAS) has punished 20 banks after it found 133 traders attempting to manipulate key interest rates and foreign exchange benchmarks between 2007 and 2011, according to media reports.“Although the number of traders involved represents a...
Continue Reading • 17 Jun 2013
Sydney penthouse sale sets new record
By Andrew Batt: A new record for the most expensive Australian apartment ever sold has been set with the AUD$21 million (S$25.13 million) purchase of a two-storey penthouse in Sydney.The prestigious property at Pacific Bondi Beach was purchased by Will Vicars, Chief Investment Officer of...
Continue Reading • 17 Jun 2013
HDB awards tender for Fernvale Close site
By Shabnam Muzammil:The HDB has awarded the tender for a residential site at Fernvale Close (pictured) to a consortium comprising FCL Topaz, Far East Orchard and Sekisui House.Launched for tender on 15 April, the 14,930.5sq m site received a top bid of S$256.98 million or S$5,737.25 psm over its...
Continue Reading • 17 Jun 2013
Record price for parking spaces
By Andrew Batt: Two adjacent parking spots in an exclusive part of Boston sold for US$560,000 (S$700,000) after a bidding war erupted between two neighbours.The Boston Globe reported how the spaces, behind Commonwealth Avenue, sold for almost double the average price for a family home in nearby...
Continue Reading • 17 Jun 2013