In The News

  • SLP-Newsroom_Website_2018.03.29

    Industrial Property Market Thawing

    March 29, 2018

    The full article can be found in The Business Times, Property 2018 Section, Page 22, Thursday, 28 March 2018. The Singapore industrial real estate market has been in the doldrums in recent years. However, there are signs that the industrial property market is finally reaching the bottom of the price and rental cycle. While the overall […]

  • SLP-Newsroom_Website_2018.03.29

    New Condos Can Cost Up to 13% More Than Existing Neighbours

    March 29, 2018

    The full article can be found in The Business Times, Property 2018 Section, Page 6, Thursday, 28 March 2018. In the current market upturn, prices and sales of private residential properties have risen across all market segments in Singapore. As the mass market condominium segment makes up about 45 per cent of the sales volume in the entire private housing market, […]

  • SLP-Newsroom_Website_2018.03.25

    Owners of Mandarin Gardens Have Approved the Collective Sale Agreement at the Second Extraordinary General Meeting Held Yesterday

    March 26, 2018

    Owners of Mandarin Gardens approved the S$2.48 billion asking price for an en bloc sale attempt at the second extraordinary general meeting, which lasted over 4 hours. The potential buyer could pay above S$4 billion (S$1,236 per square foot per plot ratio) to acquire the property and build a new project. If the Mandarin Gardens […]

  • SLP-Newsroom_Website_2018.03.21_tbt

    Far East-led Consortium Places 3 of Total 15 Bids for Holland Site

    March 21, 2018

    The 99-year leasehold site near Holland Village MRT Station drew 15 bids. Developers that were primarily developing residential projects in Singapore, appear to be ready to expand into commercial development. Far East Organization was joined by an affiliated company and Sekisui House, and has placed 3 bids to raise their chances of clinching the site. […]

  • SLP-Newsroom_Website_2018.03.21_tst

    State Tender for Holland Rd Site Draws 15 Bids

    March 21, 2018

    The 99-year leasehold site near Holland Village MRT Station drew 15 bids from 10 consortiums, of which 4 groups placed multiple bids to raise their chances of clinching the site. Developers that were primarily developing residential projects in Singapore, appear to be ready to expand into commercial development. 40 per cent of the 642,766 sq […]

  • SLP-Newsroom_Website_TODAYonline_2018.03.19

    En Bloc Fever Going Strong

    March 20, 2018

    Pacific Mansion has been sold to a consortium comprising Guocoland (Singapore), Intrepid Investments and Hong Realty for S$980 million, one of the largest collective sale in more than a decade. The bid ended 4.5 per cent higher than the development’s reserve price of S$938 million. The en bloc fever is not dying down yet and […]

  • SLP-Newsroom_Website_EdgeProp.sg_2018.03.10

    Domino Effect of En Bloc Sales

    March 20, 2018

    Since beginning of the year, 24 collective sale sites have been launched for sale and 9 sites were sold en bloc for a total of S$3.3 billion as at March 7. Two developments, Orchard Bel-Air and Park House, situated in the prestigious Orchard Boulevard neighbourhood are also jumping on the en bloc bandwagon. Orchard Bel-Air, […]

  • SLP-Newsroom_Website_2018.03.17

    Short-term Rentals: A Gold Mine for Recalcitrant Home Owners but a Bugbear for Residents

    March 19, 2018

    Private homes and public housing in Singapore are subjected to a minimum rental period of three consecutive months and six months respectively. Unwitting vacationers are caught out when they realise that their bookings are unauthorised and a battle is ongoing between errant subletters and condominium managers, who are trying their best to prevent illicit stays […]

  • SLP-Newsroom-300

    Brisk Signings For Sim Lim Square Bloc

    March 17, 2018

    Owners of the iconic “tech mecca” Sim Lim Square were spilling out of the management office at the mall’s basement on Thursday, March 15. It was supposed to end by 5pm but went beyond 6pm. Being a strata-titled mall, the shops at the 462-unit Sim Lim Square are owned by individuals. The signing session was […]

  • SLP-Newsroom_Website_2018.03.16

    Mandarin Gardens ‘likely to draw joint ventures and foreign players’

    March 16, 2018

    With an eye-popping reserve price of S$2.45 billion and sprawling size of over one million sq ft, Mandarin Gardens could be a tough sell. Foreign developers with deep pockets will be more likely to stomach the risk to make a bid. For the same price, a developer here can buy five-and-a-half land parcels of half […]

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