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Far East Consortium bags The Estoril for $223.9m

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The Estoril, a freehold development in Holland Road, has been sold en bloc for $223.9 million to Hong Kong-listed Far East Consortium's unit FEC Properties. This works out to a land rate of $1,654 per square foot per plot ratio (psf ppr). Inclusive of the 10 per cent bonus balcony gross floor area (GFA), the…

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Prime Singapore office rents up 3% in Q1: JLL

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Prime office rents in Singapore climbed for a fourth consecutive quarter, rising 3 per cent in the first quarter of this year from the previous three months as leasing stayed active, said JLL in a report earlier this week. The increase brings average rents for Grade A office space in the Central Business District (CBD)…

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8M buys shophouses, building for $82.5m

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Local investment property company 8M Real Estate has bagged nine conservation shophouses and a commercial building in District 1 near the Singapore River for a total of $82.5 million. The properties are in two clusters - one in Boat Quay/Circular Road and the other in New Bridge Road. They are being sold by Lee Brothers…

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En bloc fever spreads to property auction market

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Investors are apparently searching for homes in the auction market that can be sold in future for a good profit via collective sale, according to an Edmund Tie & Co report released today (29 Mar). “In the last six months, we noticed that older developments completed before 2000 are attracting more interest, with some investors…

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