‘Ferrari lady’ puts Astrid Hill GCB on the market for $52 mil
A house at the end of a cul-de-sac on a quiet street on Astrid Hill is on the market with a price tag of $52 million, with several agents specialising in landed property marketing it. The single-storey Good Class Bungalow (GCB) sits on a 26,983 sq ft, elevated freehold plot. The asking price therefore translates to $1,927 psf.
The owner of the house is Shi Ka Yee, who is in her 70s and has been dubbed the “Ferrari lady” by the press for her misdemeanours while driving her red Ferrari across town. She is said to have caused a traffic jam in the middle of Orchard Road when she stopped her Ferrari in front of a tour bus in 2016, blocking off three out of the five lanes. In February 2014, she reportedly punched another motorist after getting into an argument with him along Telok Ayer Street in the CBD.
Nouvel 18 sells 16 units; 90% of the buyers are foreigners
On the weekend of July 20 and 21, City Developments Ltd (CDL) released 30 units at luxury, freehold project, Nouvel 18. To date, 16 units or more than half of the units released have been sold, according to CDL. Units sold were predominantly three- and four-bedroom apartments.
About 90% of the buyers are said to be foreigners. “The foreign buyers were predominantly from Hong Kong and China,” says Dominic Lee, head of luxury team at PropNex Realty, the marketing agent for Nouvel 18. The other marketing agents of Nouvel 18 are ERA, Huttons Asia and SRI.
Logistics building Space@Tampines on the market from $170 mil
Space@Tampines, an e-commerce and logistics development at 18 Tampines Industrial Crescent, has been launched for sale with an indicative price of $170 million to $190 million, announced sole marketing agent CBRE.
The development, by Oxley Holdings and Lian Beng Group, is an integrated, seven-storey, ramp-up building. It sits on a 417,645 sq ft plot that is zoned for “Business 2” use, and has a total gross floor area of 709,263 sq ft.
Watten Estate Condo to launch $536 mil collective sale bid
Watten Estate Condominium, a 104-unit development on Shelford Road in the Bukit Timah area, is up for collective sale. The freehold development is on the market for $536 million, or about $1,738 psf per plot ratio (ppr).
Factoring in the upfront non-remittable 5% additional buyer’s stamp duty will bring the land rate to $1,825 psf ppr. The public tender for the sale of the site, located in District 11, will be launched on Tuesday, July 30, announced marketing agent Huttons Asia.
HDB resale price index falls 0.2%, transactions up 29.8%
The HDB resale price index dropped by 0.2% q-o-q to 130.8 in 2Q2019 from 131.0 in 1Q2019, according to data released by HDB on July 26. This was not surprising as the resale price index has remained unchanged from the flash estimate released four weeks ago, notes ERA Realty Network.
While this is the fourth consecutive quarterly decline, prices have dipped by less than 1% over the past year, indicating that the price decline has largely stabilised, notes Christine Sun, head of research and consultancy at OrangeTee & Tie (OTT).
Priced out of the most expensive real estate market on earth? Get an acre of lunar property for US$24.99
Several websites in the United States are selling title deeds that purportedly grant the buyer ownership to frontier land on the moon.
For US$24.99 , Lunar Embassy in California sells a piece of parchment that proclaims the customer the owner of an acre (43,560 square feet) of lunar real estate. On the 50th anniversary of the Apollo 11's moon landing, the website is selling plots 10 miles from the landing site.
Five types of people you’ll meet in Balestier
Balestier is a sub-zone of the Novena planning area, known for its quirky, eclectic character. Nestled right next to its more reserved and upmarket main planning area Novena, and mere minutes away from Orchard Road by car, Balestier is one of those unpolished and ever-so-slightly seedy pockets of Singapore beautifully cobbled together from different walks of life.
Take a stroll through this — admittedly — mildly congested, busy part of central Singapore, and you’ll soon come across five types of folk who frequent the vicinity.
