Daily Briefing: Sentosa Cove property prices fell to record low $1,367 psf; Full floor plate at Springleaf Tower up for sale at $27.2m

And 25-year-old Great Singapore Sale will kick off by 21 June.

From Property Guru:

Resale property prices in Sentosa Cove fell to a record low $1,367 psf, since luxury residential properties were first launched in the area in November 2004.

The property cooling measures rolled out by the government in July 2018 has significantly affected property prices at Sentosa Cove, with a condominium unit at the island recently sold at a 50% loss.

When private property prices in Singapore rebounded following a four-year slump and rose 9.1% from 2017 and 2018, non-landed properties in Sentosa only posted a slight uptick of 0.8% in 2017 and 1.6% in 2018.

Read more here.

From iCompare Loan:

A full floor plate at Springleaf Tower is up for sale at $27.2m, List Sotehby’s International Realty (List SIR) revealed.

The 9,870 sqft prime office space is on a high floor at the 21st floor with an obstructed sea view.

Springleaf Tower is a 37-storey, 165 m (541 ft) office and residential skyscraper located in the central business district of Singapore located on 3 Anson Road and near Prince Edward Road. The development is in the zone of Shenton Way and Tanjong Pagar near other skyscrapers, such as 8 Shenton Way, MAS Building, International Plaza, and Anson Centre, all of which are roughly 100 metres away. It is a Grade A office building.

Read more here.

From Channel NewsAsia:

Previously known as the Great Singapore Sale, the 25-year-old campaign is back and rebranded as GSS: Experience Singapore, which will run from 21 June to 28 July. It will offer an array of activities ranging from The Orchard Road Fashion Scramble – a fashion show staged at a traffic crossing – to a pop-up market and tours around Kampong Glam.

A big date to look out for is 7 July, which is billed as 7.7 GST Absorbed Day. A day of GST-free shopping, bargain hunters can look forward to enjoying a 7% discount on GST (even on sale items), which will be absorbed by the participating outlet.

During this 38-day-long event, there are also other discounts up for grabs. For instance, those using the e-coupon app GoSpree by the Singapore Retailers Association (SRA) will get their own exclusive deals and additional savings.

Read more here.