Singapore News - Mixed-use development People's Park Centre in Chinatown has been put up for collective sale by public tender with a reserve price of $1.8 billion, three years after the previous attempt. The reserve price for the site translates to a land rate of $2,620 per square foot per. Read more at www.tnp.sg
Prices for private and public homes have increased, but high-profile buyers aren’t to blame, observers say, as demand exceeds supply and construction costs rise.
Singapore News - Two upcoming Build-To-Order (BTO) projects in the mature estates of Bukit Merah and Queenstown will fall under the prime location public housing (PLH) model, said the Housing Board on Monday (May 23). The two BTO projects are among the five sites that will be launched for. Read more at www.tnp.sg
Hong Kong landlords will watch retail rents drop this year, while those in the Lion City will enjoy a modest increase as it lifts Covid-19 restrictions and welcomes vaccinated visitors without quarantine.
Business News - A sprawling mansion at 5 Oxley Rise, where Jewish businessman Manasseh Meyer and real estate tycoon Cheong Eak Chong once resided has been put up for sale. The hilltop, two-storey bungalow which sits on a 151,205 sq ft freehold site in prime district 9 is expected to. Read more at www.tnp.sg