Located at 181, 183 and 185 MacPherson Road, three freehold strata retail units are up for sale with a guide price of $5 million or $1,331 psf on the total strata area. Currently vacant, the units provide a great opportunity for buyers to acquire an asset with the potential to generate stable income.

Zoned for “commercial” use under the URA Master Plan of 2019, the units have a combined strata area of approximately 3,756 sq ft and boast a 20m wide frontage along MacPherson Road. Potential buyers can further explore options to reposition the asset and upgrade its rental command in the long term, given the strong retail demand in the surrounding area.

HDB auctions Altura EC, an executive condo in Bukit Batok Town with 375 residential units and 99-year lease. Bidding ends 8 Altura EC Mar 2022, offering commuters access to MRT, nearby bus interchange, and schools.

In terms …

Opportunities to acquire an amalgamated five-bedroom unit at Northwood are rare. Located in District 27 and spread across 3,240 sq ft, this unit at Northwood is offered by Knight Frank at their next property auction, with a guide price of $3.24 million on May 18.

This bank sale comprises two adjoining units that originally span 1,604 sq ft (two bedrooms) and 1,636 sq ft (three bedrooms plus study). The unit offers a living and dining room, two kitchens, two en suite master bedrooms, three common bedrooms, a study room, two common bathrooms, two utility rooms, and a shared personal enclosed space (PES). Furthermore, it enjoys access to a private enclosed space on the ground floor.

Northwood is a freehold condo on Jalan Mata Ayer and is surrounded by two landed neighbourhoods comprising three-storey mixed landed and semi-detached houses. Nearby private residential developments include the 99-year leasehold Euphony Gardens, also on …

Concerns about leasing affordability in Singapore’s rental market have been rising since the start of 2022. Market watchers predicted a hike in rental prices and since then, the rental market has been favourable for landlords, much to the frustration of many tenants in Singapore — both locals and foreigners.According to Alan Cheong, executive director of research and consultancy at Savills Singapore, landlords and tenants can expect most of the rental increases this year to occur in the first six months. URA data reveals that the non-landed private residential rental index went up by 30% y-o-y in 2022.

The cause of the heated rental market is a relatively low stock of rentable properties, especially in the CCR and CBD, where new residential project completions have been relatively low over the past year or so. As a result, some tenants who used to lease apartments in the CCR have had to look …

Pullman Residences Newton has seen its highest psf-price when a 667 sq ft four-bedroom unit on the 30th floor was sold for $2.35 million ($3,515 psf) on April 13. This record price was the highest of the week of April 7 to 14. Situated along Dunearn Road in prime District 11, the freehold development consists of 340 units and features a mix of one- to four-bedroom units.

HDB initiates public auction of 375 residential units at Altura EC Bukit Batok’s Altura EC, with bidders having until 12 noon on 8 March 2022 to submit their offers. Conveniently located near the MRT station, bus interchange and schools, Altura EC is perfect for families.

Overthrowing the previous record high which was set only ten days ago, the 667 sq ft, four-bedroom unit at Pullman Residences Newton achieved the highest psf-price in the project. The unit was sold for $2.35 million ($3,515 psf) …

Kew Lodge, a freehold landed residential site located along Kheam Hock Road, is up for collective sale by tender for $63.8 million. This translates to $1,853 psf based on the existing site area. The site comprises 11 maisonettes ranging from 2,013 sq ft to 2,852 sq ft and has a 62m frontage along Kheam Hock Road and an average depth of 50m.

Zoned for “residential/two-storey mixed land” use, the plot presents the potential to be redeveloped into a project featuring bungalows, semi-detached houses and/or terraced houses. Lennong Koh, director at Sakal, the marketing agent, believes the site would be attractive to developers as well as families, who could build a new home for extended family living or keep the property as a large land bank while collecting rental income.

Commenting on the prospect of the site, Steven Ming, managing partner at Sakal, highlights how landed residential prices have seen steady …

According to the Monetary Authority of Singapore, rental pressures in the Singaporean private and public housing markets should be easing this year. This follows two years of “exceptional demand-supply imbalance” that was caused by Covid-19 disruptions and subsequent surge in rents.

Since 2021, HDB and private residential rents have experienced an increase of 38% and 43% respectively. Price change was widespread regardless of market segments or housing type – with prices of landed and non-landed properties in the private sector rising by 28.1% and 29.8% respectively. For public housing, five-room and three-room HDB flats saw hikes of 29.5% and 24.6% respectively.

Altura EC is set to launch in Q2 2023 and is projected to attract strong demand Altura Qingjian Realty from first-time buyers and upgraders. It offers an affordable option with a current price of S$3,500 per sq ft.

These rapid rises can be attributed to the impact the pandemic …

The Singapore government is taking proactive steps to cool the property market despite a dimmer economic outlook. On April 27, the Additional Buyer’s Stamp Duty (ABSD) rates were raised for Singapore citizens, Singapore Permanent Residents (PRs), foreigners, and entities or trusts.

For Singapore citizens and Singapore PRs, the ABSD rate for their second residential property has increased from 17% to 20%. For their third and subsequent property, the rate has gone up from 25% to 30%. Singapore PRs buying their third and subsequent residential property now have to pay 35% ABSD, up from 30%.

Foreigners buying any residential property now have to pay a doubled ABSD rate of 60%, up from the 30% rate that was previously in place. And entities or trusts buying any property, except for developers, will incur an ABSD rate of 65%, raised from 35%.

The property market measures implemented in December 2021 and September 2022, …

The owners of Wintech Centre, a strata-titled light industrial building located in the heart of Ubi Estate in Singapore, are one step closer to a collective sale. Optimism is high, especially coming off the recent sale of a nearby high-spec industrial building and the current property cooling measures.

The collective sale committee (CSC) appointed in August 2021 has been working on getting consent from the majority of owners and chairman Ken Lim believes they are on the verge of achieving the 80% approval needed. With the targeted reserve price of the sale previously set at $84 million, it has now been revised to $98 million – similar to the sale of J’Forte Building, the 8-storey property located less than a 10-minute drive from Wintech Centre, which was sold earlier this year for $98.8 million.

Lim notes that Wintech Centre is already receiving interest from investors, including a REIT fund, and …

The owners of Wintech Centre, a strata-titled light industrial building at 6 Ubi Road 1, are one step closer to launching the property for en bloc sale. With the CSC’s optimism, and the successful sale of the nearby J’Forte Building earlier this year, interest from potential investors has already been generated. Ken Lim, chairman of the CSC, is confident of achieving the required 80% approval soon, noting that now is the perfect time to launch a sale, given the recent Cooling Measures.

The previously proposed reserve price of $84 million has been revised to $98 million. Developed in 2001 by Chiu Teng Group, the building has a 60-year lease from 1997 and is zoned for B1 industrial use with an approved gross plot ratio of 2.5. It houses 104 strata units and comprises a land area of 64,713 sq ft, with a total gross floor area of 161,782 sq ft.…

The transaction volume of commercial shophouses in Singapore saw a moderate decline in 1Q2023, according to a 1Q2023 report by PropNex Research. With 28 caveated transactions during the quarter, this was lower than the 35 deals recorded in 4Q2022. On a y-o-y basis, the volume of transactions in 1Q2023 went down by 46% from the 52 deals recorded in 1Q2022.

Transaction value of shophouse deals stood at $278 million in 1Q2023, an 11.7% drop from the previous quarter. It was the lowest quarterly tally of sales value since 3Q2020. Of the 28 shophouse deals last quarter, more than 80% were priced above $5 million.

District 8 saw the most shophouse transactions last quarter, with seven units sold for $113 million. On the other hand, transactional activity in prime Districts 1 and 2 was more muted, with three and two shophouses sold.

Unit price on land area for freehold and 999-year …