Singapore's skyline is set to welcome its tallest building in 2016 at a site above Tanjong Pagar MRT station. (ChannelNewsAsia)
SINGAPORE: Singapore's skyline is set to welcome its tallest building in 2016 at a site above Tanjong Pagar MRT station. Developer GuocoLand said the 67-storey office-cum-residential tower will form part of the upcoming integrated development called the Tanjong Pagar Centre. At 290 metres high, the building will soar above Republic Plaza, One Raffles Place and UOB Plaza One, which are 280 metres tall each. The Tanjong Pagar Centre will feature TP180 - Singapore's tallest condominium that starts from 180 metres or 50 residential storeys above ground. GuocoLand said this unique feature should appeal to international investors.
Tanjong Pagar is a historic district located within the Central Business District in Singapore (Wikipedia)
Tanjong Pagar. Tanjong Pagar is a historic district located within the Central Business District in Singapore, straddling the Outram Planning Area and the Downtown Core under the Urban Redevelopment Authority's urban planning zones.
Bukit Sembawang Q4 profit up 19.4%. Property group Bukit Sembawang, which released its fourth quarter and full-year results yesterday, said it expects residential property market conditions to be challenging in the year ahead. "Successive cooling measures introduced by the Singapore government have dampened buying sentiments in the residential property market," it said. However, demand for landed houses is expected to remain steady due to limited supply, it added.
Resale home prices rise as cooling measures lose sting. Resale homes in Singapore changed hands at higher prices last month, as buyers returned to the property market after being spooked by cooling measures earlier this year. Prices of resale homes rose 1.9 per cent last month over March, picking up speed from March's 1.1 per cent increase over February, according to the latest Singapore Residential Price Index (SRPI) released yesterday.
District 1, 2 popular despite high prices. Buyers have their clear favourites when searching for homes and high prices do not get in their way. The swanky offices of Raffles Place and the bright lights of Boat Quay and Chinatown give District 1 a strong appeal. The top five projects in District 1 by page views on STProperty in the May 13-19 period were all 99-year leaseholds. The top ranked by searches was The Sail @ Marina Bay, which has one-, two- and three-bedders with an average asking price of $2,573psf. URA data showed that the average transacted price per unit between Nov 1 and April 30 this year for the project was $2,247 psf. The Clift and One Shenton, which have been completed, were the next two popular searches, followed by the upcoming Marina Bay Suites and V on Shenton developments. District 2 covers another part of the CBD, spanning Anson Road, Neil Road and Tanjong Pagar.
Both freehold and 99-year leasehold projects attracted attention with the top five projects all consisting of only one- and two-bedder units. The Icon led the way with the most searches, yet the project had the lowest average asking price in the top five at $2,017 psf. Its average transacted price per unit between last November and April 30 was $1,870, according to URA data.
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Singapore's super-prime home sales value to rise 27%. The value of residential property purchases worth more than US$15.5 million (S$19.18 million) in London, New York, Hong Kong and Singapore is expected to rise by 27 percent in the next five years, according to a report. Produced by British luxury developer
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