Here’s our summary of the important residential, commercial and industrial news this week. We hope this helps you to save time catching up on the news!

RESIDENTIAL

Peace Centre and Peace Mansion up for collective sale at $675 million

For the third time, 40-year-old Peace Centre and Peace Mansion at One Sophia Road are up for collective sale again. The asking price this time round has been reduced to $675 million, down from $700 million the last time. Sitting on a 76,618 sq ft site, the plot can potentially yield a project with GFA of approximately 627,852 sq ft. Adding to the asking price an estimated upgrading premium of $145 million that the developer has to pay, so the total cost is approximately $1,306 psf ppr. The tender ends on August 3.

Private home sales decrease in June as buyers become more price sensitive

Analysts attributed the significant slowdown in ...