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Property News | 16 January

Marina One and Duo Residences set to make big impact

The two eye-catching developments that have been built on sites that were part of a landmark pact between Singapore and Malaysia look poised to make a major impact on the commercial and residential pr...
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Property News 17 January
Home buyers should not be swayed by the fear of missing out
When the government unexpectedly shortened the holding period for the Sellers Stamp Duty as well as lowered the rates in March 2017, some saw this as a prelude to easing the curbs.

These hopes were quickly dashed by Monetary Authority of Singapore (MAS) managing director Ravi Menon when he presented the central bank's annual report in June. He said the remaining cooling measureswere still necessary as underlying demand for private residential properties continues to be firm amid an environment of persistently low interest rates.
Property News 16 January
Freehold Dunearn Gardens up for en bloc sale
Dunearn Gardens, a rare freehold high-rise residential redevelopment site off Newton Road, has been launched for collective sale by public tender. The owners of the 114-unit estate are expecting offers above their reserve price of S$488.8 million, said Knight Frank Singapore, the exclusive marketing agent for the site.
Property News 16 January
Paya Lebar Quarter: More than half of office space leased
Paya Lebar Quarter (PLQ), a $3.2 billion mixed-use development by Lendlease, has secured tenants for more than 50 per cent of its office space, including some potential deals that are under final offer or in a stage of advanced negotiations, ahead of the offices' scheduled opening in the third quarter of this year.
Property News 09 January
Condo, HDB rents continue to slip in December but full-year declines ease in 2017
The 2017 rental falls represent more moderate declines than the 5.9 per cent drop in private non-landed rents and 3.9 per cent dip in HDB rents in 2016.
Property News 15 January
Goodbye, Shunfu
If it looked like the entire estate of six blocks was moving out, it was. Residents of 358 units have until the 18th of this month to move out before demolition begins next month. The Bishan estate was acquired en bloc by Qingjian Realty for $638 million, with each owner to get a payout averaging around $1.78 million.
Property News 12 January
SingHaiyi snags Clementi site for $841m
Developer SingHaiyi Group has snagged the residential site in Clementi for $840.9 million amid the ongoing enbloc sale fever. At $840.9 million plus an estimated $290.6 million in differential premium and lease upgrading premium, the price tag works out to a land cost of $850 per sqft per plot ratio.

SRX Property News

Property News 16 January
Marina One and Duo Residences set to make big impact
The two eye-catching developments that have been built on sites that were part of a landmark pact between Singapore and Malaysia look poised to make a major impact on the commercial and residential property markets. Prime Ministers Lee Hsien Loong and Najib Razak declared the developments open on Monday evening, in a ceremony attended by a delegation of ministers from Singapore and Malaysia and about 300 guests.
Property News 17 January
Home buyers should not be swayed by the fear of missing out
When the government unexpectedly shortened the holding period for the Sellers Stamp Duty as well as lowered the rates in March 2017, some saw this as a prelude to easing the curbs.

These hopes were quickly dashed by Monetary Authority of Singapore (MAS) managing director Ravi Menon when he presented the central bank's annual report in June. He said the remaining cooling measureswere still necessary as underlying demand for private residential properties continues to be firm amid an environment of persistently low interest rates.
Property News 16 January
Freehold Dunearn Gardens up for en bloc sale
Dunearn Gardens, a rare freehold high-rise residential redevelopment site off Newton Road, has been launched for collective sale by public tender. The owners of the 114-unit estate are expecting offers above their reserve price of S$488.8 million, said Knight Frank Singapore, the exclusive marketing agent for the site.
Property News 16 January
Paya Lebar Quarter: More than half of office space leased
Paya Lebar Quarter (PLQ), a $3.2 billion mixed-use development by Lendlease, has secured tenants for more than 50 per cent of its office space, including some potential deals that are under final offer or in a stage of advanced negotiations, ahead of the offices' scheduled opening in the third quarter of this year.
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