Conservation landmark Golden Mile Complex has been sold for $700 million to a consortium comprising Perennial Holdings Private Limited, Sino Land and Far East Organization.Announcing the sale in a joint statement on Friday (May 6), the consortium said this was the first collective sale of a large-scale strata-titled conserved building in Singapore.It happened after more than 80 per cent of Golden Mile Complex owners agreed to take $700 million for the landmark building within "a record time of 15 days", the development's marketing agent, Edmund Tie & Company, said in a letter to owners on April 23.This was $100 million less than the original $800 million reserve price.The first attempt to sell the complex at a reserve price of $800 million ended in 2019 with no bids.

The take-up of two government schemes that incentivise the redevelopment of ageing buildings in certain areas has picked up, and will inject buzz in those precincts as new mixed-use developments emerge, analysts said.As at Apr 5, the Urban Redevelopment Authority (URA) has received 12 outline applications under the CBD Incentive Scheme (CBDI), of which 8 have been given in-principle approval. Meanwhile, URA has received and given in-principle approval for 4 outline applications under the Strategic Development Incentive (SDI) Scheme. The names of the buildings have not been disclosed due to confidentiality reasons.

Do you how how to identify a property that has strong attributes is very important to help you in your investment? Read more for some inspiration.

Condominium resale prices in Singapore are up for the 21st straight month to rise 0.7 per cent in April, as compared to prices in March.On a year-on-year basis, condo resale prices rose 9 per cent, with all regions experiencing price increases, according to a flash report by SRX Property and 99.co released on Tuesday (May 10).Resale prices in the outside central region (OCR) saw the highest increase at 10.8 per cent. Prices in the core central region (CCR) rose 7.4 per cent, and those in the rest of central region (RCR) were up 6.7 per cent.

Real estate is one of Singapore's great obsessions but it is surprising how many of us don't know the ins and outs of the key laws that govern property, especially around the occasionally incendiary issue of legacy planning. This is especially worrying given how missteps in this area have a tendency to cause serious rifts in families. After all we all have relatives who don't see eye to eye, particularly when it concerns money.

What are the factors in the rising prices Of Singapore’s property market? There are 5 main reasons. Read now.

Amid a dearth of launches, developers sold 653 new private residential units, excluding executive condominiums (ECs), in Singapore this April.This is largely unchanged from the 654 sold in the previous month, according to data released by the Urban Redevelopment Authority (URA) on Tuesday (May 17).However, property analysts anticipate sales momentum to pick up soon, led by major new condominium projects such as the 407-unit Piccadilly Grand and the 298-unit Liv @ MB.

The exciting classic game of Monopoly stands to make a huge come back to Singapore’s families this year, as PropNex just launched its very own exclusive Monopoly PropNex Edition game, on 22 January 2021!

The move to apply an Additional Buyer’s Stamp Duty (ABSD) to residential properties transferred into a living trust plugs a gap in the ABSD regime, while levelling the playing field to make things more equitable, analysts said.However, analysts also highlighted that not many buyers purchase properties under a trust - as it has to be paid for fully in cash - and as a result, the impact on the broader residential market is seen to be insignificant.

There is every chance that property buyers, both local and foreign, will be keeping an eye on Singapore as an investment destination for homes. Since the onset of the pandemic, Singapore has been a beacon of stability.

Another freehold conservation bungalow in District 15 has been launched for sale, this time, at an asking price of S$63.6 million or S$2,000 per square foot (psf). Marketed by OrangeTee & Tie, the property, at 760 Mountbatten Road, comes with a land size of 31,820 square feet (sq ft) - over 50 per cent larger than the one at 759 Mountbatten Road that was launched for sale just 3 weeks ago.The 2 are part of 15 conservation bungalows in the Mountbatten Road Bungalow Conservation Area, and are across the road from each other, with the latter carrying a guide price of S$27 million or S$1,295 psf. Originally built in the 1920s, 759 Mountbatten Road has a colonial Victorian style bungalow that sits on a 20,847.54 sq ft site. Today home to the 41-room Sing Hoe Hotel, it also has a rear annex building that was added in 1995 and 2 pavilions.

A three-and-a-half-storey shophouse at 93 Tanjong Pagar Road was sold for S$13.25 million last week, PropNex Realty has announced.The 99-year tenure property sits on a land area of 1,297 sq ft and has an estimated floor area of 4,180 sq ft.PropNex said there were multiple offers for this property about 600m from Keong Saik Road, which has been buzzing with conservation shophouse deals this year. The Business Times reported last week that 3 adjoining freehold shophouses at the prominent corner of Kreta Ayer and Keong Saik roads, were transacted at slightly above S$44 million.

A new way to calculate the distance from a school to homes will enable more children to qualify for Primary 1 places in schools near where they live.

Demand will be supported by aspirational upgrading by Singaporeans amid limited availability of landed houses for sale. IN a densely populated nation city like Singapore, some 80 per cent of its resident population live in public housing while the remaining 20 per cent live in private housing.

Securing a build-to-order (BTO) HDB flat is not easy. For 4-room units in non-mature estates, the application rate can exceed 3 times, and the rate is much higher in mature estates. Some people may choose to buy an HDB resale flat, an executive condominium unit or a private home instead. Buying a resale HDB or private home allows one to move in fairly quickly, versus waiting several years to secure and move into a BTO flat.

Housing Board resale flat prices rose for the 17th consecutive month, climbing at a faster pace of 1.3 per cent in November compared with October, according to flash data from real estate portals 99.co and SRX on Thursday (Dec 9).

Luxury non-landed sales in H2 2021 eased to S$1.9 billion with 225 units being transacted, posting a half-yearly decline of about 9.0% in total sales value. However, based on flash estimates released by URA, the Property Price Index (PPI) for landed homes expanded by 3.7% q-o-q in Q4 2021, bringing the total price index change for the whole year to a robust 13.1%.

New price highs are being set in the Chatsworth Park and the Bukit Tunggal good class bungalow (GCB) areas, even as sales momentum in the GCB market slowed in the first quarter of 2022 compared to a year ago.A four-year-old GCB in Jervois Hill belonging to the family of Wah Loon Engineering founder Alan Chong is in early stages of being sold for close to $59 million.

Due to worse economic recession and causing many to question whether the market would suffer from a fall in price, we discuss how to maximise your gain by leveraging on the first mover’s advantage.

Four Housing Board blocks in Ang Mo Kio Avenue 3 have been picked for the Selective En bloc Redevelopment Scheme (Sers), the first such project announced since May 2018.

Rents and prices of Singapore industrial properties continued to rise in the first quarter of 2022, although overall occupancy rates dipped, according to JTC's quarterly market report released on Thursday (April 28). Industrial space prices rose 2.1 per cent quarter on quarter and 5.6 per cent year on year in the first quarter, while rents climbed 1 per cent quarter on quarter and 2.4 per cent year on year.

Singapore's international arrivals climbed month on month for the third straight month in April,* with border authorities notching the highest number of travellers since the Covid-19 pandemic began, according to the latest figures from the Singapore Tourism Board (STB).Some 294,300 visitors hit the island’s shores in April, up from 121,200 in March, although volumes were still far lower than the 1.6 million recorded in April 2019, before the pandemic.Indonesia overtook India as the biggest source of arrivals, sending 58,270 travellers in April, up from 13,620 in March. There were 40,970 travellers from India, up from 27,530 in March.

4 Reasons of why Singapore Is the leading investment destination in Asia right now

Businesses are more bullish about prospects in Singapore than overseas in the next 6 months, although firms are on the whole less optimistic than they were a quarter ago, according to the latest Business Times-Singapore University of Social Sciences (BT-SUSS) Business Climate Survey.Commenting on the findings, OCBC chief economist Selena Ling said: “If you think of the events that unfolded in Q1, there were some formidable headwinds that come to mind.”The Russia-Ukraine war, the US Federal Reserve’s increasing hawkishness and China’s slowdown are factors that target all 3 of Singapore’s major markets - the United States, the eurozone and China, she noted.