This week in property: Highlights from Aug 6 to Aug 10

By EdgeProp Singapore / EdgeProp | August 10, 2018 4:47 PM SGT
Property highlights of the week from Aug 6 to Aug 10:
From left to right: Steven Tan, managing director of OrangeTee & Tie; Jack Chua, CCEO of ERA; Jacquelyn Tan, UOB Singapore head of personal financial services; Ismail Gafoor, CEO of PropNex Realty; Goh Kee Nguan, CEO of Huttons Asia; and Jeremiah Ng, chief technology officer of SoReal Prop (Picture: UOB)
United Overseas Bank (UOB), together with its property partners, has developed a range of industry-first digital tools to support its property services ecosystem. UOB has teamed up with property agencies, ERA Realty, Huttons Asia, OrangeTee & Tie, and PropNex Realty, as well as online PropTech company, SoReal, to develop these tools.
The bank has launched Singapore’s first bank-backed digital instant valuation service, under its fully-digital home loan solution. More than 80% of homebuyers want a reliable online property valuation to calculate the loan quantum they need to purchase their desired property, says UOB. The valuation service is available through its partner property agencies’ mobile apps, and on UOB’s website. It will offer customers a reliable property valuation that will be used for their home loan application.
The Regalia, on River Valley Close, is attempting a collective sale for $403 mil ($1,892 psf ppr) (Picture: CBRE)
The Regalia in prime district 9 is attempting a collective sale with a guide price of $403 million, announced CBRE, the marketing agent. The freehold condominium sits on a 63,371 sq ft site, and the guide price reflects a land rate of about $1,892 psf per plot ratio (ppr). Including the 10% bonus balcony area, the land price will be about $1,814 psf ppr.
Located along River Valley Close, The Regalia comprises 112 apartments and four penthouses. The Regalia is beside the 290-unit Pacific Mansion, which was sold for $980...