Beyond co-working space
The launch of UrWork at JTC LaunchPad @ one-north marks its first foray outside China. UrWork hopes it will be a springboard for Singapore businesses looking for opportunities in China and for companies there to go global.
Units in District 10 in Singapore fetch million-dollar profits
The most profitable deal was the sale of a 2,885 sq ft, four-bedroom unit at Ardmore Park for a profit of S$3.25 million.
Losses mount in resale market in Singapore
The take-up rate of new homes has dropped from 117% in March to 96% last month.
Profit of S$5.4 mil at The Balmoral
Seven private non-landed houses were sold for a profit of more than S$1 million (RM3.1 million) each in the week of April 18 to 25.
Buying into Vietnam’s sizzling market
The relaxation of foreign property ownership by the Singapore government and the influx of foreign direct investment into Vietnam's manufacturing and real estate have sparked a boom across all property sectors in the Indochinese country.
Oxley positions Batam as a convention city
A strategic location and great connectivity to three major cities — Singapore, Jakarta, and Kuala
Lumpur — has made Batam an alluring destination for MICE.
Four transactions with more than S$1 million in profit each
Four private non-landed houses were each sold for more than S$1 million in profit in the week of March 28 to April 4.
Rise in number of landed homes sold at auctions
In 1Q2017, of eight properties sold under the hammer, four were landed homes, according to JLL in a release on April 3. The four transactions totalled S$11.2 million, or 73.5% of the S$15.23 million auction deals concluded in the first three months of 2017.
Profit of S$1.9 mil at Pandan Valley
On March 23, a 5,231 sq ft unit at Pandan Valley was sold at a S$1.9 million profit. The seller had bought it at S$1.2 million, or S$233 psf, in October 2005 and sold it at S$3.1 million, or S$600 psf. The profit works out to 157%, or 9% a year over 11½ years.
The great comeback
The weekend of April 1 and 2 marked 2017’s first new residential project launch from Vietnam — RichLane Residences, Mapletree Investments’ maiden condominium project in Ho Chi Minh City. For the largely Singaporean audience, the most riveting fact during the 25-minute presentation by Marc Townsend, managing director of CBRE Vietnam, was that the starting price of US$95,000 (S$132,825) (RM421,610) for a studio in the high-end condo is equivalent to the price of a new Honda Civic in Singapore.
