{"id":100672,"date":"2018-10-30T10:11:12","date_gmt":"2018-10-30T03:11:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/colliers-appointed-to-lease-manage-183-heritage-black-and-white-bungalows\/"},"modified":"2018-10-30T11:03:06","modified_gmt":"2018-10-30T04:03:06","slug":"colliers-appointed-to-lease-manage-183-heritage-black-and-white-bungalows","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/colliers-appointed-to-lease-manage-183-heritage-black-and-white-bungalows\/","title":{"rendered":"Colliers appointed to lease, manage 183 heritage black-and-white bungalows"},"content":{"rendered":"


\nView of a stately black and white bungalow in Adam Park. (Photo: Colliers International)
\nThe Singapore Land Authority has appointed Colliers International to lease and manage 183 heritage black-and-white bungalows located at various neighbourhoods in Singapore.
\nRanging from 800 to 13,200 sq m, the restored bungalows feature colonial designs with clay pitched roofs, dark timber finishes, white-washed walls and columns as well as spacious interiors with well-ventilated rooms. The houses were designed and constructed by the British Administration \u2013 when the city-state was part of the British Colony \u2013 in such a way that they promote natural ventilation to combat the tropical climate.
\nMore: Only Top 5% Of Earners Can Afford Landed Homes
\nThey are spread across established neighbourhoods such as Holland Road, Adam Drive, King Albert Park, Watten Estate Road and Tanglin Road.
\nOf the 183 bungalows, fewer than 30 are currently vacant and available for lease.
\nThe properties have varying lease terms, starting from a minimum of two years. Rental rates also differ, depending on the property\u2019s location and site attributes.
\n\u201cColonial bungalows are highly sought-after properties owing to their iconic design, rich history, prestige factor, as well as generous land space and large private gardens. We have received many leasing enquiries for the black-and-white bungalows,\u201d said Colliers International real estate management services director Andy Oon.
\nURA REALIS data shows that the median monthly rent for detached residential properties in the Core Central Region stood at $3.10 psf per month (psf pm) in Q3 2018, up from the $2.98 psf pm in the previous quarter, and $2.99 psf pm a year ago.
\nBarring unforeseen external shocks, Oon expects the leasing prospects for these heritage homes to remain \u201cfairly positive amid the stable economic growth outlook for Singapore over the next year\u201d.
\n\u201cSingapore continues to be an attractive business destination for multinational corporations, and their setting up or expansion in operations here will present leasing opportunities for the black-and-white bungalows,\u201d he added.
\nFind\u00a0landed houses for rent or read our rental guide for tenants and landlords.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Colliers appointed to lease, manage 183 heritage black-and-white bungalows<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of a stately black and white bungalow in Adam Park. (Photo: Colliers International) The...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100672","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qbK","jetpack-related-posts":[{"id":86421,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/black-and-white-bungalow-styled-house-near-little-india-put-on-sale-for-6-6m\/","url_meta":{"origin":100672,"position":0},"title":"Black and white bungalow-styled house near Little India put on sale for $6.6m","date":"April 25, 2018","format":false,"excerpt":"\r The asking price works out to $1,200 psf on the built-up area of 5,500 sq ft. 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