September 2021

Kanye buys West Coast beach bunker for S$77.3 million

Musician, streetwear entrepreneur, potential 2024 US presidential candidate and self-professed “creative genius,” Kanye West has purchased a US$57.3 million house on California’s Malibu Beach, it was reported this week. The brutalist concrete residence, which was designed by top Japanese architect Tadao Ando, was built to the specifications of financier and art collector Richard Sachs, the...

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From High-flying Commando to Student Estate Agent… to Co-living Success

“I never, ever wanted to be in real estate,” says Eugene Lim, who spent 15 years in the business before founding coliving start-up, The Assembly Place. “The way it happened was, at about 23 years old, in my second year in university, I didn’t think my parents should be paying my fees. At that age,...

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What factors are necessary for a possible en bloc or collective sale?

Earlier in September 2021, Flynn Park at 18-22 Yew Siang Road went en bloc at S$371 million, making it the largest collective sale of the year. Brokered by Savills Singapore, the buyer (a joint venture between Hoi Hup Realty Private Limited and Sunway Developments Pte. Ltd) bought all 72 apartments at S$1,355 psf per plot...

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The Evergrande crisis: 4 things to know about the Chinese property developer, and whether it’ll impact Singapore’s property market

Over the past one week, the spotlight has been on Evergrande, the second-biggest property developer in China. From videos of home buyers and creditors protesting at their headquarters to reports of its debts, it’s a real estate disaster in the making. Here are some things to know about the Evergrande crisis. 1. Has more than...

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