International Press Building, an industrial property at 26 Kallang Avenue, has been launched for sale at an indicative price of $30 million, sole marketing agent Savills Singapore said on Monday. The detached six-storey property, located in the central region of Singapore, occupies a total site area of about 54,000 square feet (sq ft). It has a gross floor area of 134,000 sq ft and a plot ratio of 2.5 under the 2019 Draft Master Plan. The property sits on JTC land that has a leasehold tenure of 60 years effective from Feb 16, 1990, with a remaining lease of about 31 years. It will be sold with vacant possession. Sharon Teo, managing director of business space at Savills Singapore,...
View DetailsSingapore’s sovereign wealth fund has made a fresh shopping trip to Paris, picking up yet another commercial tower in the City of Light. GIC, which has over $100 billion in assets under management, announced on Friday that it has acquired PB6, a 40-storey office building in the French capital’s La Defense district. The Singaporean government institution is paying €530 million ($592.25 million) for the 20-year-old tower, according to French media reports, as Singaporean investors continue to ramp up their purchases of overseas real estate assets. GIC has not released financial details of the acquisition, and Mingtiandi was unable to independently verify the pricing cited...
View DetailsThe former home of J.R.R Tolkien is on the market for £4.5million. The author lived in the the six-bedroom home with his family from 1930 to 1947 – the same time period during which he wrote The Hobbit. He is believed to have written the novel in the drawing room of the large detached house, and began working on the Lord of the Rings trilogy here, too. The house on Northmoor Road in Oxford is adorned with a blue plaque, which states ‘J.R.R. Tolkien, Author of Lord Of The Rings, Lived here 1930-1947’. The property has an asking price of £4,575,000 – and an estate agent has described it as ‘an important part of Oxford’s...
View DetailsPower couple Cindy Crawford and Rande Gerber have been house hunting in Nolita, Gimme Shelter has learned. The supermodel and hospitality entrepreneur, who have been married since 1998, just checked out the most expensive listing still on the market at 152 Elizabeth St., a seven-unit building designed by Pritzker Prize-winning starchitect Tadao Ando. It’s his first residential work outside of Asia. This full-floor condo is on the market for $13.75 million — with common charges of $7,713 a month. At 4,158 square feet, the four-bedroom, 4½-bathroom unit, repped by Debra LaChance, Denise LaChance and Leonard Steinberg of Compass, features interiors by Michael...
View DetailsHotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of $23 million to $25 million, marketing agent Knight Frank Singapore said on Thursday (Oct 17). The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres (about 4,703 square feet). Under the Urban Redevelopment Authority's 2014 Master Plan, the site is zoned "commercial/institution", with a gross plot ratio of 2.8, and has a gross floor area of about 1,486.4 sq m. The property is located near Aljunied MRT station on the East-West Line, as well as Mountbatten MRT Station on the Circle Line. It is also within a 20-minute drive from the...
View DetailsA flat on London's posh Grosvenor Square that was once the home of the British aviation tycoon Sir Frederick Handley Page hit the market Friday for £18.75 million (US$23.5 million). A blue plaque on the facade of the neo-Georgian-style brick and stone apartment building commemorates Handley Page’s tenure in the third-floor apartment, where he lived from 1946 until his death in 1962. It’s one of more than 900 blue plaques found on properties across London, all in place to remember a notable person that once lived inside. Handley Page was famed for his aircraft manufacturing company, Handley Page Limited, and for designing bomber aircraft used by the British Royal Air...
View DetailsA huge two-storey conservation good class bungalow (GCB) at 40 Nassim Road, where the Royal Embassy of Saudi Arabia was formerly located, is up for sale by tender with an asking price of over $175 million. This translates to around $2,977 per sq ft (psf) based on a total area of 58,784 sq ft, exclusive marketing agent CBRE said on Wednesday (Oct 16). GCBs at the ultra-posh locale in Nassim Road have been setting new benchmarks in recent months, CBRE noted. A sprawling 84,543 sq ft GCB at Nassim Road was sold for a record $230 million or $2,721 per sq ft, reportedly to Facebook co-founder Eduardo Saverin. It was sold by a private company owned by Wing Tai Holdings chairman Cheng Wai...
View DetailsThe real estate market in Sydney and Melbourne has started to bounce back, after gaining AUD3,000 (USD2,000) and AUD2,500 weekly increase respectively since September, news.com.au reported, citing the latest Business Outlook from Deloitte Access Economics. Despite home prices dropping to AUD2,000 a week in both cities from late 2018 to early 2019, Deloitte predicted that Australia’s housing market prices will keep increasing, as auction clearance rates and housing-related lending begin to experience boom time. The report said that the rebound in housing prices will eventually boost housing and retail construction, but it could also disrupt the affordability of housing down the line,...
View DetailsJustin Bieber doesn’t need a broker to list his house on Realtor.com or Zillow. His 119 million Instagram followers proved a receptive audience for a middle-of-the-night for-sale announcement in the social media age. In the wee hours on Friday morning, the newly married pop star shared no fewer than 12 photos of his Beverly Hills, California, mansion — nicknamed the Tropics — in a stream of uploads on his Instagram feed. “I think I wanna sell my home in Beverly Hills who wants it,” Bieber wrote with a photo showing a den and part of a kitchen. Another post, which shows Bieber’s shorts-clad legs as the camera points down a staircase lined with...
View Detailst can be hard to sell a home. That’s why after trying to sell a home in Hawkinsville, Georgia, for nearly four years, its owners decided to drop the price to just $1. The two-bedroom, one-bath home is owned by Butler County — in the state of Ohio — which originally listed the house at 235 Dooley St. for $8,000 in 2015. Though it would seem like a good deal — the ramshackle house is valued at $15,320 — the property is currently in tear-down condition and lured no buyers. So in a desperate attempt to get the dilapidated home off the books, the county commissioners decided on the reduced asking price of one greenback. “I just have a wild idea, what if...
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