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Property News | 15 February

Condo rents up 0.5%; HDB rents fall 0.2% in January: SRX

In January, rents in the core central region (CCR) decreased by 1.3 per cent, but those in the rest of central region (RCR) and outside central region (OCR) increased by 2.7 per cent and 0.2 per cent ...
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Property News 15 February
Cairnhill Mansion and Riviera Point finally sold
Riviera Point, at 2 Kim Yam Road, was sold for S$72 million to the Macly Group, a Singapore property developer. Cairnhill Mansions, at 69 Cairnhill Road, was sold to Singapore-listed property developer Low Keng Huat for S$362 million. This was the fifth time it was put up for an en bloc sale.
Property News 14 February
Condo resale prices up 1% in Jan 2018: SRX
The recent trend of island-wide increases was sustained: The core central region (CCR) was up 1.2 per cent month-on-month; with the rest of the central region (RCR) advancing 1.4 per cent; and the outside central region (OCR) rising 0.6 per cent.
Property News 13 February
Pearl Bank Apartments sold for S$728m
The 37-storey development was sold following the close of its collective sale tender on Dec 19, 2017. The building comprises a total of 288 units (280 apartments and eight commercial units), and has a 99-year leasehold tenure with effect from June 1970.
Property News 12 February
11,000 households get $211m in proximity housing grants to buy resale flats
The PHG complements other measures to help Singaporeans buy a new HDB flat to live with or near their parents or married child, such as the Married Child Priority Scheme, Multi-Generation Priority Scheme, Senior Priority Scheme and the Three-Generation flats.
Property News 12 February
People-Friendly Zone in Raffles Place
Besides the public space, footpaths along Market Street, Malacca Street and Phillip Street will be widened with added greenery, along with sheltered linkways along Malacca Street between Raffles Place and other developments. There will also be new cycling paths along these streets, which will connect to upcoming developments planned as part of the Central Area cycling network.
Property News 09 February
Oxley beats 80 others to buy clan's plot in Geylang
Oxley will inherit the apartment units for sale, which will be from the fourth to eighth storeys. The development will have communal facilities, a swimming pool and a basement carpark. The consideration for the sale took into account current market prices of properties in the surrounding area and Oxley's assessment of the land's development potential.

SRX Property News

Property News 15 February
Condo rents up 0.5%; HDB rents fall 0.2% in January: SRX
In January, rents in the core central region (CCR) decreased by 1.3 per cent, but those in the rest of central region (RCR) and outside central region (OCR) increased by 2.7 per cent and 0.2 per cent respectively.
Property News 15 February
Cairnhill Mansion and Riviera Point finally sold
Riviera Point, at 2 Kim Yam Road, was sold for S$72 million to the Macly Group, a Singapore property developer. Cairnhill Mansions, at 69 Cairnhill Road, was sold to Singapore-listed property developer Low Keng Huat for S$362 million. This was the fifth time it was put up for an en bloc sale.
Property News 14 February
Condo resale prices up 1% in Jan 2018: SRX
The recent trend of island-wide increases was sustained: The core central region (CCR) was up 1.2 per cent month-on-month; with the rest of the central region (RCR) advancing 1.4 per cent; and the outside central region (OCR) rising 0.6 per cent.
Property News 13 February
Pearl Bank Apartments sold for S$728m
The 37-storey development was sold following the close of its collective sale tender on Dec 19, 2017. The building comprises a total of 288 units (280 apartments and eight commercial units), and has a 99-year leasehold tenure with effect from June 1970.
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