Entries by The Colab Team

Singapore’s ultra-rich increased 11.5% last year

The wealth of HNWIs in Singapore grew by 12.8% to $858.42 billion in 2017. Singapore now has more high net worth individuals (HNWIs), whose wealth also grew by 12.8 percent from $761.24 billion in 2016 to $858.42 billion in 2017, reported Singapore Business Review citing consultancy firm Capgemini. The number of HNWIs in the city-state […]

This post was originally posted on Property Guru Property Market News Section

Gloria Mansion in District 5 up for en bloc sale at $79m

The hilltop apartment at Pasir Panjang Road is close to Haw Par Villa MRT station, the West Coast Highway and Ayer Rajah Expressway. (Photo: Huttons Asia) Gloria Mansion, a freehold residential development at Pasir Panjang Road, has been put up for collective sale with a reserve price of $79 million. Based on its gross floor […]

This post was originally posted on Property Guru Property Market News Section

Orchard home prices may breach $4,000 psf mark

Aggressive bidding seen for prime sites within the Orchard Road area. DBS Group Research expects home prices in Orchard Road to reach or even surpass the $4,000 psf mark, given the aggressive bidding for prime sites within the area, reported Singapore Business Review. Hong Kong-listed Shun Tak Holdings, for instance, acquired two prime sites in […]

This post was originally posted on Property Guru Property Market News Section

UOL to launch new condo after good sales at Amber45

Artist’s impression of The Tre Ver, an upcoming condominium project in Potong Pasir. (Photo: UOL Group) UOL Group’s freehold Amber45 condominium in District 15 continues to draw buyers, with about 65 percent of the 139 units already sold, up from 55 to 60 percent during the launch in mid-May, according to brokerage CGS-CIMB. “Most sought-after […]

This post was originally posted on Property Guru Property Market News Section

Park House in District 10 sold for record $2,910 psf ppr

The freehold development along Orchard Boulevard was sold to a unit of Hong Kong-listed Shun Tak Holdings for $375.5 million. (Photo: CBRE) Park House, a freehold 60-unit development along Orchard Boulevard in District 10 has been sold for $375.5 million, which works out to a record $2,910 psf per plot ratio (psf ppr), revealed marketing […]

This post was originally posted on Property Guru Property Market News Section

S’pore returns to top 20 list of most expensive cities for expats

Singapore has been ranked as the 20th most expensive city globally in the latest survey by ECA International. Singapore has once again returned to the top 20 list of most expensive cities for expats, reported Channel NewsAsia citing the latest survey by ECA International. The city-state was ranked 20th most expensive globally and ninth in […]

This post was originally posted on Property Guru Property Market News Section