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Qingjian Realty sells 300 units at JadeScape

Singapore QINGJIAN Realty (South Pacific) Group said it has granted options for the purchase of 300 units at the JadeScape condo as at 2pm on Sunday. Sales began on Saturday morning. The average transacted price net of discounts is S$1,700 per square foot, it added. Interest was balanced across all unit types. The price for a three-bedroom apartment of 1,012 sq ft averages S$1.65-1.7 million. Under the first phase of sales, Qingjian released 480... ...more

Lendlease joins growing trend of developers running co-working spaces

Singapore LENDLEASE is planning its own flexible workplace brand within its upcoming Paya Lebar Quarter mixed-use development, The Business Times has learnt. That would make the Australian firm the latest among developers to run their own co-working platforms here amid an increasingly crowded landscape. "To cater to the demand for high quality flexible workspace from corporate occupiers, we are exploring a new co-tenancy workplace product for... ...more

Nicholas Chua moves up to deputy CEO at Ho Bee

Singapore HO Bee Land has promoted group director of business development Nicholas Chua to the role of deputy chief executive and appointed executive director Ong Chong Hua to the additional role of chief operating officer. Nicholas Chua, 43, joined the group in 2002. He is also the son of the property developer's current chairman and chief executive Chua Thian Poh. He has been involved in developing Ho Bee's businesses, particularly in... ...more

Superboom Projects maps 'condotel' plan in Bintan

Singapore IMAGINE living in a hotel suite surrounded by nature while on a quick break from work, or retiring in a home by a pristine waterfront just an hour away from Singapore by ferry. Either is possible with a "condotel suite", a property concept to be fleshed out in a development in Bintan named The Haven Lagoi Bay. The pitch by Peter Chan, chief executive of the developer, Superboom Projects Sdn Bhd, is that buyers... ...more

Waterloo Apartments up for sale at S$115m

Singapore WATERLOO Apartments at 64 Waterloo Street is the latest site to be put up for collective sale, and the first one with outline planning permission for hotel use, marketing agent Cushman & Wakefield said in a press statement on Wednesday. The 999-year leasehold site has an asking price of S$115 million and a land area of 14,369 square feet, translating to a land rate of S$1,906 per square foot per plot ratio. It is... ...more

Yuen Sing Mansion up for en bloc sale

Singapore YUEN Sing Mansion, a freehold development in Geylang, has been launched for collective sale by tender by marketing agent JLL. The four-storey development on a regularly-shaped lot in Geylang Lorong 13 houses nine apartments numbered 6A to 10C. All the owners have consented to the sale and no Strata Titles Board approval would be required. The owners are expecting bids in excess of S$17 million, which reflects about S$779 per square foot... ...more

Grange Heights, Cairnhill Astoria have another go at en bloc sale

Singapore TWO prime freehold residential sites in District 9 near Orchard Road will be offered again for collective sale on Sept 18, according to real estate service provider Colliers International. They are Grange Heights in St Thomas Walk, which will be up for public tender for S$820 million, and Cairnhill Astoria in Cairnhill Rise, which relaunches with a S$196 million asking price. This is the second attempt at collective sale by owners at... ...more

Laguna Park up for sale with S$1.48b reserve price

Singapore PRIVATE residential estate Laguna Park in the East Coast area has been put up for sale at a reserve price of nearly S$1.5 billion. The en bloc offering follows those of Horizon Towers and Faber Garden - both of which also dangled price tags of more than a billion dollars in their individual collective sales attempts and closed without a sale. In July, the government implemented fresh cooling measures, including a higher additional... ...more