Former National Aerated Water Factory building to be conserved

The former National Aerated Water Company is one of the last few reminders of Singapore’s industrial past.(Photo: Savills Singapore) In recognition of its heritage value and role as a landmark within the area, the main building of the…

Private home sales to cool down in Dec, Jan

Parc Botannia is a 99-year leasehold condominium development located at Fernvale Rd in District 28. Excluding executive condominiums (ECs), private home sales in Singapore slightly increased to 785 units in November compared to 760 units in…

Oxley buys Vista Park via en bloc sale for $418m

The owners of the 209-unit Vista Park in 50-66 South Buona Vista Road has agreed to sell the property via collective sale to Oxley Holdings for $418 million on Thursday (14 December). The property was acquired by the company’s wholly-owned…

Singapore economy to grow 3.3% this year

The Monetary Authority of Singapore’s (MAS) survey showed that analysts expect Singapore’s economy to grow 3.3 percent year-on-year in 2017, up from the earlier forecast of 2.5 year-on-year in September, reported Singapore Business…

HDB to maintain a steady supply of flats next year, Wong

The Housing and Development Board (HDB) will keep a steady supply of around 17,000 new flats in 2018, comparable to the 17,584 flats launched this year, revealed Minister for National Development Lawrence Wong. “We will continue to calibrate…

Govt unveils land sales programme for H1 2018

Six confirmed list and nine reserve list sites will be launched under the H1 2018 Government Land Sales (GLS) programme, announced the Urban Redevelopment Authority (URA) on Wednesday (13 December). These land parcels could potentially yield…

Derby Court sold to Roxy-Pacific unit for $73.88mil

Third time’s a charm for Derby Court, which was sold for $73.88 million to Roxy-Pacific subsidiary, RH Developments Two Pte Ltd. Based on the development’s “as built” gross plot ratio of 2.872, the sale price translates…

Parkway Mansion sold for $146.99mil to Sustained Land-led consortium

After two failed attempts at a collective sale, Parkway Mansion has finally been sold to a consortium led by Sustained Land Pte Ltd for $146.99 million. Colliers International revealed that the sale price was 6.5 percent higher than the owners’…

Oxley acquires residential units for $21.53mil

Oxley Holdings, via its fully-owned subsidiary Oxley Topaz Pte. Ltd., has exercised the option to acquire eight residential units at 21 Meyappa Chettiar Road for a total price of $21.53 million. Zoned for residential use, the freehold property…

Cairnhill Heights eyes $80mil in collective sale tender

Cairnhill Heights, a 19-unit residential development at Cairnhill Rise, is set to be launched for en bloc sale tender on 19 December, reported Business Times. This comes after over 90 percent of the owners have agreed to the sale. The owners…