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Freehold Tulip Garden sold en bloc for $907m

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A joint entity of Chinese developer Yanlord Land Group and MCL Land has bought freehold Tulip Garden for $906.9 million - the second biggest collective sale this year. The price is 20.4 per cent higher than the reserve of $753 million submitted by owners of the 316,708 sq ft estate completed in 1985. Tulip Garden,…

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Private apartment, HDB rents down in March: SRX

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Rentals in both the private property market and for Housing Board flats registered declines last month, according to flash estimates from SRX Property. Private apartment rents declined in March, after three straight months of gains, even amid a pick-up in the number of units leased out. Rents for non-landed private homes fell by 0.2 per…

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Rivercove Residences EC oversubscribed 2.5 times

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The Rivercove Residences executive condominium (EC) in Sengkang has attracted over 1,500 e-applications since its preview launch on 1 April, said developer Hoi Hup Sunway on Monday (9 Apr). This translates to an oversubscription rate of 2.5 times for the project’s 628 units. During this period, more than 9,000 people visited the showflat located at…

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March condo resale prices up 1.5%: SRX

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Resale prices of condominiums and apartments moved up again last month to hit a new high, according to the latest flash estimates from real estate portal SRX Property. Data released yesterday showed that the prices of private, non-landed homes rose 1.5 per cent against February's peak. These gains were seen across the island, with home…

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Katong Omega Apartments sold collectively for $46.3m

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Katong Omega Apartments, an 18-unit freehold residential project at 357 East Coast Road, has been sold to Global Dragon’s wholly-owned subsidiary GDL Land via an en bloc sale. In an SGX filing on Friday (6 Apr), the company formerly known as TMC Education Corporation said their offer of $46.31 million was accepted by the owners…

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