EC site in Sumang Walk launched for sale

HDB has launched a residential site for EC development at Sumang Walk. (Photo: HDB) An executive condominium (EC) site measuring 27,056.4 sq m in Sumang Walk has been launched for sale via public tender on Tuesday (12 December), according to…

Lian Beng, KSH, Heeton buy Geylang properties for $60mil

Lian Beng Group Ltd, via its 42 percent-owned associated company Development 24 Pte. Ltd., has exercised an option to acquire the freehold properties known as 31 to 51 (ODD) Lorong 24 Geylang. KSH Holdings and Heeton Holdings also holds a 48…

Dakota Crescent redevelopment: Iconic playground to be retained, repurposed

In a bid to provide more public housing options near the city, Dakota Crescent will be redeveloped into a public housing site with the central cluster of buildings around the courtyard to be retained and repurposed, reported Channel News Asia. Developed…

Heeton looks to brighter future after paying $22.5mil in QC charges

View of iLiv@Grange, a freehold condominium at 74 Grange Road. Heeton Holdings is now on the road to recovery after completely disposing of two housing developments, from which it incurred penalties totalling about $22.5 million for previously…

17 buildings completed removal of non-compliant cladding

Of the 34 buildings identified to have used non-compliant cladding, 17 have already completed the removal of the cladding, said the Singapore Civil Defence Force (SCDF). In August, SCDF announced that two models of the Alubond brand composite…

En bloc sales still rising, already highest in two years

The 37-storey horseshoe-shaped building comprises 280 apartments and eight commercial units. It sits on an 82,376 sq ft site and has a 99-year lease with effect from June 1970. (Photo: Colliers International) The number of collective sales here…

Home prices to rise 8% in 2018, Morgan Stanley

With an “up-cycle” for Singapore property expected to last until 2020, Morgan Stanley sees home prices rising by as much as eight percent next year, reported Bloomberg. Signs of revival in the property market include the first hike…

CapitaLand partners EDB to upskill staff

CapitaLand has entered into a $10-million partnership with the Singapore Economic Development Board (EDB) to upskill its staff as well as develop technology-enablers to seize opportunities to build the real estate of the future. Dubbed CapitaLand…

Property agents battle with the lure of earning easy money

With the growing demand for short-term accommodations, property agents in Singapore contend with the constant struggle of fending off temptations of earning additional income by listing and managing vacant rooms or units on Airbnb. A property…

Dennis Wee Realty hit by $66k fine, banned from selling overseas property

Dennis Wee Realty (DWR) has been prohibited from marketing or transacting foreign properties until 24 November 2018 and is required to pay a fine of $66,000, announced the Council for Estate Agencies’ (CEA) Disciplinary Committee on Wednesday…