Advertisements

Singapore Property Kaki

A place for sharing property, investments and financial management ideas among kakis

Jackpot day for Vista Park owners

Yes, Vista Park owners have hit their jackpot this time round. Enbloc-King Oxley Group announced last night that owners of Vista Park had accepted its tender offer of S$418 mil to acquire all the units for redevelopment. Its tender price is almost 20% above the reserve price of the owners. After factoring in the S$72 mil lease upgrade premium, the offer price from Oxley translates to a rate of S$1,096 […]

Advertisements

Continue Reading →

Why the 1H18 Government Land Sales announcement can be good for the market

This morning, the Ministry of National Development released the Government Land Sales (GLS) Programme for the first half of 2018. There were just 6 confirmed list sites and 9 reserve list sites announced for 1H 2018. These sites could yield about 8,045 new units and 63,960 sqm of commercial space. Despite the strong demand for development sites by developers, the government decided to keep the total supply of units for […]

Continue Reading →

Who’s who at GLS Tender?

Two Government Land Sale tenders for sites at Jiak Kim Street and Fourth Avenue were concluded yesterday. Without surprise, the sites saw keen interests from developers, with the site at Jiak Kim Street setting a new benchmark.     Let us look at the different groups of bidders who were present at this round of GLS tender. 1. The Aggressor – Allgreen Properties After snatching up Royalville and Crystal Tower […]

Continue Reading →

What are property developers’ actions telling us?

“Don’t ask barbers if we need a haircut.” – Famous quote by A Singaporean Stock Investor (AK) This simple quote by popular investment blogger – A Singaporean Stock Investor, makes a lot of sense. Most of us have this kind of skepticism, especially when we deal with the salespeople. When a property developer or agent tells you that new launches are selling fast and property market is going to move […]

Continue Reading →

Going once…going twice…Crystal Tower sold!

Yes, it is a 3rd time lucky for Crystal Tower owners. It was reported on the Business Times that Allgreen Properties had emerged as the winning bidder to acquire Crystal Tower, in a fiercely contested tender that attracted a total of 12 bids. Allgreen Properties offered S$180.65 mil for the freehold site, reflecting a land rate of S$1,840 psf ppr. Allgreen’s offer price is a huge premium of 31% above […]

Continue Reading →

This is not an online get-rich-quick scam to invest in commercial property

It seems like the commercial property segment in Singapore is heating up. Last week, GAW capital snapped up PoMo, a nine-storey office and retail development in Selegie Road with remaining leasehold of 64 years, for S$342 mil or S$1,900 psf NLA from Enviro-Hub and BS Capital. Oxley also confirmed its interest in buying Chevron House at a reported price of S$660 mil or S$2,526 psf NLA from Deka Immobilien and […]

Continue Reading →