Property News

THE respective independent financial advisers (IFAs) appointed by the managers of ESR-Reit and Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) have advised the Reits' directors to recommend that unitholders vote in favour of the merger. THE respective independent financial advisers (IFAs) appointed by the managers of ESR-Reit and Sabana Shari'ah Compliant Industrial Reit (Sabana Reit) have...

REAL estate agency PropNex reported a 10.6 per cent improvement in its bottom line for its fiscal third quarter despite a dip in revenue, it said in an exchange filing on Thursday morning. REAL estate agency PropNex reported a 10.6 per cent improvement in its bottom line for its fiscal third quarter despite a dip in revenue, it said in an exchange filing on Thursday morning. The Business Times -...

ARA Asset Management has purchased Parc1 Tower II - an office building in Seoul - for over one trillion Korean won (S$1.21 billion), in a deal slated to be the largest single asset transaction in Korea this year, ARA said in a press statement on Tuesday. ARA Asset Management has purchased Parc1 Tower II - an office building in Seoul - for over one trillion Korean won (S$1.21 billion), in a deal...

The 39-storey District 3 project sits atop Pearl’s Hill, promising a panoramic view of Singapore’s Downtown. Image: Landmark JV Pte. Ltd The Landmark, a 396-unit residential development project in District 3, is set to open for preview by appointment this Saturday (14 November). Located within the heritage-rich Outram District, the 39-storey project is developed by Landmark JV, which is a joint...

PropNex’s profit after tax and minority interest (PATMI) increased to $6.76 million during the third quarter of 2020 from $6.11 million over the same period last year. PropNex saw its profit after tax and minority interest (PATMI) increase 10.6% to $6.76 million during the third quarter of 2020 from $6.11 million over the same period last year. With this, the real estate agency also posted a 10.6%...

Units sold in developments located within the OCR and the RCR made up 35.5% and 46.6% of the total sales, while the CCR accounted for 18%. Singapore’s private non-landed market continues to be in healthy demand as the latest developer’s sales see 133 units sold for the week of 2-8 Nov, according to a report by real estate agency Huttons Asia.  Units sold in developments located within Outside...

This upward trend is in line with the increase in sales of private new homes and HDB resale, signalling the recovery from the COVID-19 crisis, according to experts.  The demand for resale condo in Singapore hits a two-year high this October, with approximately 1,509 units sold, rising to 21.6% from the previous month. Resale volumes of private non-landed homes were 72.9% higher year-on-year and 78%...

Realis’ users, however, can still analyse transactions by nationality against other variables like land tenure and postal district.  The Urban Redevelopment Authority (URA) has excluded certain pricing data on foreign buying in the enhanced version of its Real Estate Information System (Realis) – which was launched last month – leaving gaps on the property market overview, reported The Business...

CEA has warned real estate agents against using “inaccurate, false and misleading claims” to pressure HDB owners into selling their flats for the sake of earning more commission. Property investment educators and real estate agents who employ scare tactics to lure customers into attending their investment courses have been slammed by authorities, saying that it is an “irresponsible marketing...

Amongst the properties sold, a two-storey semi-detached home at 14 Lorong Kismis attracted 14 bids and was sold for $1.32 million, which is up 20% from its $1.1 million opening price. Knight Frank sold 25% of the auctioned properties in their two live property auctions in October, revealed a release on 6 November. Three properties were sold during the live and streamed auctions, while three more deals...