Pent-up demand drove interest in Built-to-Order (BTO) flats in Singapore’s May 30 launch, with Serangoon experiencing the largest surge in applications. Senior Director of research for Huttons Asia, Lee Sze Teck, has attributed the response to the lack of BTO launches in the area in the past decade.

The 5-room flats in Bedok and Serangoon were especially popular, as Lee explained, “A 5-room flat offers space for hybrid work and a growing family.”

The two BTOs in the neighbourhood of Tengah received over 5000 applicants for the 3-, 4- and 5-room flats. Lee attributes the high application to the proximity to the future Anglo-Chinese School (Primary), which was recently announced as relocating to Tengah, and the nearby Tengah Town.

In August, the Housing Board will release details for 6 distinct projects – three in Kallang-Whampoa, one each in Queenstown, Choa Chu Kang and Tengah.

Plans announced to utilise the Jalan …

On June 22, a five-bedroom, duplex penthouse at The Berth by the Cove will be up for auction. The 3,315 sq ft unit has an owner’s sale guide price of $4.8 million, which translates to $1,448 psf. Located in the residential enclave of Sentosa Cove, the 99-year leasehold condo has an outdoor rooftop terrace and a small pool.

On Wednesday June 22, Singapore Realtors Inc. (SRI) will be auctioning off a five-bedroom, duplex penthouse at The Berth by the Cove. Located on Sentosa Island’s prestigious Ocean Drive enclave, the 200-unit, 99-year leasehold complex features 15 low-rise blocks of six storeys each. With a guide price of $4.8 million, the unit is available for $1,448 psf.

The 3,315 sq ft unit has an existing tenancy that is set to expire in November. The lower floor comprises a lift lobby, dining and living areas, as well as four bedrooms, two of which …

GuocoLand has reported “stellar performance” in the launch of its latest development, Guoco Central Park in Chongqing, China, with 97% of the available 200 units selling out. This was the first phase of the new project. Located in the Chongqing Liangjiang New Area, the development consists of mid- and low-rise condo blocks with four blocks of 200 three-bedroom units ranging from 968 sq ft to 1,237 sq ft.

Peter Lee, GuocoLand’s country managing director in China, spoke of the market’s recognition of GuocoLand and Guoco Central Park when commenting on the successful launch, adding that the performance has filled the group with confidence for future releases.

Residents will be able to stay active and have fun, all without leaving the comfort of Altura EC Qingjian Realty.

Guoco Central Park is GuocoLand’s second development in Chongqing, making it an attractive area for buyers. Not only is the development near Chongqing …

PropertyLimBrothers Realty (PLB) and EdgeProp Singapore have signed an MOU to deepen the synergies between the two companies. Both will start a technology-sharing agreement, which will give PLB access to EdgeProp’s full suite of proprietary property analytics tools, customised for PLB’s platform. This will allow the agency’s agents access to the latest market data and analytics.

Melvin Lim, co-founder and CEO of PLB, explained that proptech and market analytics tools are pivotal to the company’s growth. In September 2022, Melvin and his co-founder, Adrian Lim, officially launched as PLB Realty.

“For real estate agents to remain relevant and knowledgeable, we must keep ourselves up to date on the latest market trends to value-add the services we can offer our clients. At PLB, our agents regularly use analytics like data comparison and price projections to advise our clients,” explained Melvin.

Bernard Tong, CEO of EdgeProp Singapore, brings up how salespersons that …

Hyatt Hotels has announced a management-related agreement with LFG Property to include a Caption by Hyatt Hotel in Sydney, Australia. Opening in 2025, this will be the brand’s first location in the country.

The hotel will consist of 174 rooms and be located in Haymarket – in the south of Sydney’s CBD – near various universities, Chinatown, Capitol Theatre, Darling Harbour, Sydney International Convention Centre and Tech Central innovation and technology precinct.

The hotel is aiming for a contemporary, urban industrial style with the design made up of colour, textures and hand-drawn graphic art. As part of the hotel’s ‘upscale, lifestyle-forward’ brand, Caption by Hyatt will also provide digital check-in, digital keys and mobile-order food services.

Altura EC Qingjian Realty is bringing in the latest smart technologies and advanced facilities, making life convenient and comfortable for the future residents. Interested buyers are recommended to keep an eye out for updates …

New York City has been ranked as the most expensive city in the world for expatriates by the ECA International’s latest cost of living research. This marks the end of Hong Kong’s four-year reign at the top.

Singapore is now placed fifth, having moved up eight positions. Lee Quane, the regional director of Asia for ECA International, attributed the rise to increased demand of rental accommodation due to relaxed Covid-19 restrictions in comparison with other prominent locations in the region.

This Altura EC development offers different unit types that cater to the different needs and lifestyle of its future residents. With units ranging from 1 to 5 bedrooms, young couples and growing families can all find their perfect residence here. Additionally, with an array of luxury amenities, residents can enjoy an exciting, diverse lifestyle.

Cost of goods and services in Hong Kong has surged over the past year but this …

At Ardmore Park, a luxury condo in District 10, the most profitable resale transaction in the week of May 23 to 30 was recorded. On May 29 a 4-bedroom, 2,885 sq ft apartment was sold for $12.9 million ($4,472 psf), netting the seller of the unit, who had purchased it from the developer in July 1996 for $5.85 million ($2,029 psf), a healthy $7.05 million profit within a 27-year time frame.

Residents at Altura EC Bukit Batok will be able to benefit from a number of amenities surrounding the development, such as shopping malls, parks, schools and transport links. The close proximity to both Jurong business district and the city centre has also made Altura EC an attractive investment for those looking to work in either. Altura EC also features a range of recreational activities, such as fitness gyms and swimming pools. With its strategic location, newly-built infrastructure and convenient …

Situated along West Avenue 8 at District 28, Altura Executive Condominium is a highly anticipated launch that is primed to pique numerous interests. With family-friendly features, such as a tennis court, clubhouse, and pool, Altura EC caters to the needs of both upgraders and first-time buyers. Furthermore, its estimated price of S$1,300 per square foot makes it an affordable option for Singaporeans. The anticipated launch date is set for Q2 2023.

Global super-prime residential sales rose in 1Q2023 with 417 transactions recorded. Knight Frank’s Global Super-Prime Intelligence report saw the figure representing an 11% q-o-q increase from the 376 transactions recorded the previous quarter. Sales value fell marginally from US$7.5 billion in 4Q2022 to $7.2 billion in 1Q2023, with 1,645 super-prime residences sold in the 12 key markets tracked by the consultancy.

As of end-March, the total sales value of super-prime homes came in at US$30.2 billion, representing a 26% …

Interest in strata office units in Singapore’s Central Business District (CBD) is growing, with a trio of units at the SBF Centre now up for sale with a guide price of $3,600 psf. The office units, located on the 13th floor of the building, have a total floor area of 1,969 sq ft, ranging from 624 sq ft to 678 sq ft.

The units, available via expression of interest (EOI), each offer a price range of $2.25 million to $2.44 million, resulting in a roughly average price of $3,600 psf. According to Mary Sai, executive director of Capital Markets at Knight Frank Singapore, the asset is ideal for those seeking their own office space or rental returns in the CBD. “In the present high-interest rate environment, more investors are relying less on debt, preferring to acquire smaller quantum assets like these,” she adds.

SBF Centre is a 99-year leasehold commercial …

The sale of three street front-facing retail units at Peninsula Plaza is offering investors an opportunity to gain an attractive and stable rental income through an expression of interest (EOI) exercise with a combined strata area of about 2,207 sq ft and a 999-year lease tenure. These retail units which are fully leased to five tenants comprising three convenience stores, an apparel retailer, and a bank are on the ground floor within sight of North Bridge Road and Coleman Street and have direct access from the pedestrian street.

The sole marketing agent, CBRE, for these units on sale for $26.2 million expects keen buying interest from local and foreign investors, family offices and owner occupiers. Clemence Lee, executive director of Capital Markets, Singapore at CBRE says that these properties feature attractive attributes such as their 999-year leasehold tenure, prominent frontages, high footfall locations near pedestrian crossings, proximity to other nearby …