This week in property: Highlights from Oct 1 to Oct 5

By Rachael Tan / EdgeProp | October 5, 2018 11:40 AM SGT
 1 of 4
 2 of 4
 3 of 4
 4 of 4
Property highlights of the week from Oct 1 to Oct 5 :
Faber Garden has relaunched for its second collective sale attempt on Oct 3, according to sole marketing agent CBRE. Located at Angklong Lane, off Upper Thomson Road, the 544,738 sq ft site made its first en-bloc attempt in April this year.
The reserve price for the District 20 property remains unchanged at $1.18 billion. Including the development charge, the land price works out to $1,414 psf per plot ratio, or $1,342 psf ppr if space for balconies is factored in.
Singapore-listed property giant CapitaLand has invested $27 million for a 50% stake in co-working operator, The Work Project. The two-year-old operator has two co-working and serviced office spaces in Singapore – a 24,000 sq ft space in OUE Downtown, and a 15,000 sq ft space at Park View Square in Bugis. It also has a 36,000 sq ft space in Hong Kong.
According to its latest flash estimates, the URA’s private residential property index rose 0.5% in 3Q2018....