Here’s issue #6 of the 5 most important Singapore property news stories for the past week (thanks to Propertyguru).
The Urban Redevelopment Authority (URA) is encouraging developers of shoebox units to increase the size of their units, up from 28 sq m to 35 sq m, according to a report in The Business Times.
For private property owners, the 60-year mark is considered a major milestone — they could either watch their properties depreciate in value or opt for a collective sale.
The 16-unit Haig Mansions has been sold to Vicland Realty for S$21.5 million through an en bloc sale exercise.
City Developments Ltd (CDL) is planning to roll out several new projects this year, including Jean Nouvel Residences at 18 Anderson Road, which comprises 156 apartments and penthouses in two 36-storey buildings.
The public tender for a 99-year leasehold condo site at Jalan Loyang Besar / Pasir Ris Drive 4 has attracted only three bids, with MCL Land Ltd offered the highest bid of S$246.1 million, approximately $402 psf ppr.
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