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Brookvale Park sold en bloc for $530m

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The 160-unit development Brookvale Park has been sold to Hoi Hup Sunway – a joint venture between Hoi Hup Realty and Sunway – for $530 million, revealed marketing agent JLL. Including an estimated development charge of around $26 million, the sale price translates to a land rate of about $932 psf per plot ratio. JLL…

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Cairnhill Mansions and Riviera Point sold en bloc

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Two District 9 properties - Cairnhill Mansions and Riviera Point - were sold in collective sales yesterday for $362 million and $72 million, respectively. The development in Cairnhill Road was sold to Singapore-listed property developer Low Keng Huat, while Riviera Point in Kim Yam Road went to Macly Group, a Singapore property developer. Cairnhill Mansions,…

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Condo rents up 0.5% in January; HDB rents drop 0.2%: SRX

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Rents for condominiums and private apartments reversed course last month to notch a small increase while HDB rents slipped for a third consecutive month, according to the latest flash estimates from real estate portal SRX on Wednesday (Feb 14). Its overall price index for non-landed private residential rentals for January increased by 0.5 per cent…

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Pearlbank Apartments sold to CapitaLand for $728m

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Pearlbank Apartments, a 37-storey development in Outram, has been sold via private treaty to CapitaLand for $728 million, following the close of its collective sale tender on 19 December 2017, revealed marketing agent Colliers International. The sale price works out to a land cost of around $1,515 psf per plot ratio (psf ppr), after taking…

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Choa Chu Kang flats in demand at BTO launch

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A build-to-order (BTO) project in non-mature estate Choa Chu Kang (CCK) has proven to be the most attractive in the latest sale of new homes by the Housing Board, defying expectations that home buyers usually prefer mature estates. For three-room and four-room flats, Teck Whye View saw a rate of more than seven applicants vying…

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City Towers sold for $401.9m

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City Towers, a freehold development in prime District 10, has been sold for $401.9 million. Depending on the size of their property, each residential owner stands to receive $2.78 million to $11.5 million. The development comprises 77 units of apartments and maisonettes, a penthouse unit and a shop unit. The sale price - which is…

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