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Rivercove Residences EC to open for e-application on 1 April

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Rivercove Residences, the only new executive condominium (EC) launch in 2018, will open for e-application this Sunday (1 Apr), said developer Hoi Hup Sunway – a consortium comprising Hoi Hup Realty and Sunway Developments. Located along Anchorvale Lane in Sengkang, the project features 628 units spread across 10 blocks. Some of the units will offer…

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Oxley acquires Ampas Apartments in Balestier for $95m

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Homegrown developer Oxley Holdings has agreed to acquire all 43 units in the freehold Ampas Apartments for $95 million. This comes after its wholly-owned subsidiary Oxley Jasper exercised the option to purchase granted on 24 March. In an SGX filing on Tuesday (27 Mar), Oxley revealed that it plans to redevelop the 30,239 sq ft…

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Foreign demand returning to Singapore property

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The surprisingly strong sales momentum witnessed at the recent launch of New Futura, in which foreigners accounted for close to 60 percent of the 48 units sold, indicates that foreign demand is returning to Singapore, reported Singapore Business Review citing DBS Equity Research. This comes as the city-state is considered more attractive than other global…

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Fairhaven at Sophia Road sold for $57m

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Following a tender exercise that attracted several competitive bids, the freehold Fairhaven condominium at Sophia Road in District 9 has been sold for $57 million to Gioia Fund, a wholly-owned subsidiary of investment holding company Lafe Corp. The five-storey development comprising 15 apartments sits on a 16,660 sq ft site that is close to Orchard…

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Makeway View sold for $168m to Bukit Sembawang

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The freehold Makeway View condominium in Newton has been sold to Bukit Sembawang Estates for $168 million, marketing agent Edmund Tie & Co said on Thursday (22 Mar). Completed in the late 1980s, the 10-storey development comprises 28 apartments and four penthouses. Newton MRT interchange and Newton Food Centre are located nearby. The sale price…

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Holland Road site attracts 15 bids

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The tender for a plum commercial and residential site at Holland Road in District 10 closed on Tuesday (20 Mar) after attracting strong interest from developers. A total of 15 bids were submitted for the approximately 247,214 sq ft plot – the first sale site of the Holland Village Extension. It was launched for sale…

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Freehold Peak Court on sale for $106m

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Peak Court in Thomson Road is the latest residential project to go en bloc at an asking price of $106 million, after 100 percent of the owners consented to the sale. Completed in the 1980s, the freehold development only has 20 maisonette units. The asking price works out to a land rate of $1,398 psf…

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