Turning old CBD offices into prime new homes

Some one million square feet of office space in the Central Business District (CBD) is likely to be converted into at least 1,000 private homes over the next three years.

Property analysts say that with the Marina Bay financial district now taking distinct shape, developers are looking to recycle older office buildings in the current CBD [...]

Private home prices surge 7.3 per cent

PRIVATE home prices shot up 7.3 per cent in the final three months of last year, allowing 2009 to finish in positive territory after a horror start.

Yesterday’s flash estimates indicated that prices overall increased by 1.7 per cent last year and it was all down to the final, frantic six months.

The 7.3 per cent jump [...]

14,500 new private home sales seen

CB Richard Ellis (CBRE) has tipped the number of new private homes which could be sold this year at 14,500 – which is 98 per cent of the record 14,811 snapped up in 2007.

But the value of transactions this year is likely to fall far below that of 2007. Just $13.4 billion worth of apartments [...]

32 bids, bumper price

A SMALL site in Jurong West that was withdrawn from sale 21 months ago because bids were too low attracted a record 32 offers and a bumper price yesterday after going back onto the market.

The winning bid for the government plot came in at $38.5 million or $254 per sq ft – more than three [...]