Author: Shawn Teo

Effective on March 6, the Ministry of National Development (MND) announced changes to the Additional Buyer’s Stamp Duty (ABSD) policy for licensed home developers.

At Tampines Street 62 Sim Lian Group sold 682 units (90%), of its 760-unit executive condominium (EC), Aurelle of Tampines. The units was transacted at an average price of $1,766 psf. All the four and five bedrooms has been taken up. Of the three-bedrooms, almost 84% have also sold.

UOL Group has en bloc Thomson View Condo for $810 million using its call option. Within seven business days of calling the option, a payment equal to five percent of the purchase price plus a one percent option deposit of $1 million.

Sold en bloc for S$56 million, RIVER Valley Apartments, a freehold four-storey walk-up block on River Valley Road, has been purchased by a Singapore family office.

Closed on March 4 was the tender for Media Circle (Parcel A), a Government Land Sale (GLS) site situated in the one-north neighborhood. For the 99-year leasehold land, which is zoned for residential development with commercial at the first story, a consortium including Qingjian Realty, Forsea Holdings and minority investor Hoovasun Holding bid the highest $315 million.