In a competitive bidding process, a joint venture consisting of GuocoLand, Intrepid Investments from Hong Leong Holdings, and CSC Land Group secured the highest bid at $435.2 million for a private housing site at Lentor Central in Yio Chu Kang. This 475-unit site translates to $982 per sq ft per plot ratio (psf ppr), representing […]

In July 2023, Housing Board (HDB) flat rents increased by 2%, marking the 37th consecutive month of rent hikes, following a 1.4% increase in June. Overall, HDB rents have risen by 24.1% between July 2022 and July 2023, based on data from real estate portals 99.co and Singapore Real Estate Exchange (SRX). Similarly, condominium rents […]

During the launch weekend of Lentor Hills Residences, a joint development by Hong Leong Holdings, Guocoland and TID, an impressive 298 out of 598 units were sold, accounting for half of the available units. This reflects the strong demand in Singapore’s property market. The average price achieved for these units was S$2,080 per square foot […]

GuocoLand Limited, a prominent Singaporean property developer, has successfully obtained a S$498.6 million green financing facility from DBS and OCBC to facilitate the development of the Lentor Gardens residential site. This initiative demonstrates GuocoLand’s dedication to sustainability and underscores their emphasis on green financing. The funds will be utilized for the construction of the site, […]

BCA introduced a new CONQUAS banding system on 25th May 2023 to help private homebuyers make informed choices prior to their purchase and these information will be made available on BCA’s Quality Housing Portal (QHP). Under the new CONQUAS banding system, developers and builders will be assigned a rating from Band 1 (very low incidence […]

In April, there was a significant surge in new private home sales, reaching a seven-month high. This boost was primarily driven by the strong demand for two major projects located on the outskirts of the city. Interestingly, one of these projects was launched just days after unexpected property cooling measures were implemented on April 27. […]

In the first state land tender of the year for a 99-year leasehold private housing site, a plot along Lentor Gardens in the Yio Chu Kang area received only one bid. GuocoLand, in collaboration with Hong Leong Holdings’ Intrepid Investments, submitted the bid of S$486.8 million, equivalent to nearly S$985 per square foot per plot […]

Singapore’s Transport Minister, S. Iswaran, announced on Thursday that the construction of the Johor Bahru-Singapore Rapid Transit System (RTS) Link on Singapore’s side has reached the 50% mark. The project will connect RTS Link tunnels with a marine viaduct and a span bridge, which will help to ease traffic congestion and improve overall railway infrastructure. […]