Category: Commercial News

Shaw Tower 2

The new Shaw Tower has started construction, set to TOP in 2025

Construction has started for the new Shaw Tower, which will be redeveloped into a 200-metre mixed-use tower. Once a landmark of Beach Road with its iconic Brutalist architectural style and waffle-like facade, the old tower was demolished in 2020 to make way for the redevelopment as the Bugis area undergoes rejuvenation. According to a media…

Lentor MRT station

OCR private developments like Pasir Ris 8 & Lentor Central bid heat up thanks to Cross-Island and TEL MRT linkage

While we’ve covered quite a bit on CCR and RCR-related news, it seems much of the action this week has been on OCR (Outside Central Region) like Pasir Ris, Lentor and Tampines. As work-from-home continues to trend and doing daily chores at suburban malls/hypermarts become a routine, settling down in what was once termed as…

peace centre

Will Golden Mile Complex be next after the Peace Centre / Peace Mansion en bloc?

After four en bloc attempts, both the shopping mall Peace Centre and residential complex Peace Mansion went back on the market for the fifth time and were finally sold. At S$650 million, the buyers are property players Ultra Infinity and Chip Eng Seng, a Sing-Haiyi Crystal joint venture. Built in 1977, the adjoined properties consist…

jurong - the next CBD

Lakeside Apartments and Lakepoint Condominium up for collective sale again: Analysing the Jurong/Lakeside neighbourhood

Lakepoint Condominium and Lakeside Apartments were recently relaunched for collective sale again.   Lakepoint Condominium After Lakepoint Condominium’s second attempt at a collective sale on 21 October fell through, the condo went into a private treaty negotiation process.  The management relaunched the third attempt on 19 April, with the same guide price of S$640 million.  After factoring in development…

Is Singtel’s Comcentre redevelopment similar to what McDonald’s did in the US?

In Singapore’s rapidly evolving business landscape, industries need to constantly innovate in order to keep up and stay relevant. A company’s core business may no longer be sufficient to sustain a healthy profit margin, and telco companies are no exception.  This one conglomerate is branching out to expand its operations to provide more than just…

Singapore developers renew calls for lifting the property curbs

As inventory of unsold homes increases, property developers are urging the government to roll back the cooling measures. The property market is reeling from oversupply, rising vacancy rates, weak demand and increasing interest rates, Real Estate Developers’ Association of Singapore (REDAS) President Augustine Tan told Channel News Asia. With developers facing potential charges for unsold…

Property Trends 2022

Property trends Singapore 2022: 5 market trend predictions

Following a trend that began last year at the start of the Covid-19 pandemic, Singapore’s property market boomed all through 2021. According to Minister for National Development Desmond Lee, private housing prices rose by 9% since Q1 2020, while HDB resale flat prices rose by 15% in the same period. That’s a pretty strong showing…

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