Property buyers get temporary reprieve from making payments under Covid-19 law

SINGAPORE-Property buyers who have difficulties in making payments because of the Covid-19 pandemic can get temporary reprieve under a new law that gives individuals and businesses more time to satisfy contractual obligations. The Covid-19 (Temporary Measures) Act will now be expanded to cover option to purchase (OTP) agreements and sale and purchase (S&P) agreements or agreements for the lease of […]

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Koh Brothers CEO's children to buy 2 units at Van Holland luxury condo

SINGAPORE (THE BUSINESS TIMES) – Two family members of Koh Brothers Group’s executives will each buy a unit in the company’s upcoming 69-unit freehold luxury condominium Van Holland. The mainboard-listed developer said on Saturday afternoon (Jan 11) that its wholly-owned subsidiary, KBD Holland, had granted siblings Benjamin Koh Yong Jun and Rachel Koh Han Ling the option to purchase the […]

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URA launches tender for Irwell Bank Road residential site

SINGAPORE – The Urban Redevelopment Authority (URA) has launched a residential site at Irwell Bank Road for sale by public tender, it said on Thursday (Oct 31). The site spans an area of 12,789 square metres (sq m) with a gross floor area of 35,809 sq m. The 99-year leasehold site can yield about 445 residential units, with a maximum […]

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Hong Kong investors shun Singapore homes for cheaper property in Malaysia, Taiwan

SINGAPORE (BLOOMBERG) – Singapore’s housing market isn’t turning out to be the beneficiary many may have thought from Hong Kong’s increasingly fraught protests. Instead, investors are looking to cheaper property markets like Malaysia, Thailand and Taiwan. “People here tend to think there are only two cities in the world – Hong Kong and Singapore,” said Alan Cheong, a Singapore-based executive […]

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46% of Punggol EC sold at launch despite big price tag

Piermont Grand executive condominium (EC) – the first and likely only EC launch this year – sold 375 units of a total of 820 apartments at an average price of $1,080 per sq ft (psf) over the launch weekend. The 46 per cent sales achieved as of 6pm yesterday “makes Piermont Grand by far the best-selling property launch in 2019”, […]

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Row of six Joo Chiat shophouses up for sale

SINGAPORE – A row of six three-storey shophouses in Joo Chiat Road has been put for sale via public tender, real estate services firm CBRE said on Wednesday (July 17). To be sold as a bundle, the conservation shophouses are located at 454, 456, 458, 460, 462, and 464 Joo Chiat Road. They sit on a freehold site of about […]

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WeWork to lease entire 21-storey Collyer Quay office tower from CapitaLand Commercial Trust after HSBC moves out

SINGAPORE (REUTERS) – WeWork Cos will lease a 21-storey building in Singapore’s financial district that is currently leased to HSBC, marking an expansion by the US co-working space provider in Asia. WeWork, backed by Japan’s SoftBank Group, will lease the building from CapitaLand Commercial Trust (CCT), the Singaporean office landlord announced on Wednesday (July 17). The tower, 21 Collyer Quay, […]

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