Singapore Property News This Week #97

Residential

Freehold Kismis Lodge sold for $84m

Kismis Lodge located near Toh Tuck Road has been sold collectively at $84.18 million, or $1,198 psf based on its 70,283 sq ft land area. Zoned for a three-storey mixed landed development, it has can potentially be redeveloped into 43 terrace houses or 32 semi-detached houses, subject to approval. There are currently 64 units in the two blocks of walk-up apartments.

(Source: Business Times)

PR’s share of private property purchases fall in February

Following the latest increase in ABSD rates, PR’s share of private home purchases (both primary and secondary markets) have fallen by a 5.7 percentage point to a 12.7% share of 789 caveats lodged for private home transactions in February from 18.4% of the total 2,876 caveats in January. Singaporean’s share of purchases, however, saw a 5.5 percentage point increase to 76.6% in February from …