At a guide price of $63 million, owners of a 26-unit walk-up development at 52 to 62H Tanjong Katong Road in Singapore have relaunched the property for tender. The four-storey development was first put up for collective sale in July last year, with an indicative price of $65.5 million. Despite several offers below the asking price, the sole marketing agent, Huttons Asia, is optimistic of interest in the 9,999-year Tanjong Katong site.
The site has a land area of around 32,397 ft and is zoned for residential use with an allowable gross plot ratio of 1.4 under the 2019 Master Plan. This could theoretically yield 45,356 ft of gross floor area upon redevelopment, with the potential to house 49 apartments with an average size of 915 sq ft.
At a land rate of $1,401 psf per plot ratio (psf ppr) after taking into account an estimated land betterment charge of …
The Myst is situated on two plots of land at 798 and 800 Upper Bukit Timah Road, with a total site area of 179,007 square feet. This prime development provides potential buyers with the unique opportunity to own a property in one of Singapore’s popular Good Class Bungalow Areas (GCBA). The most recent launch in the area was the Espa condominium project, completed in 2010.
The entire building is designed to be energy efficient, with efficient lighting, air conditioning, and other energy-saving solutions. Furthermore, The Myst Condo also boasts a host of luxury amenities including a fully-equipped gym, a lounge, a spa, a pool, a playground and other recreational facilities.
The Myst Condo has been designed to make the most of natural light and ventilation, with its floor-to-ceiling windows and balconies maximizing the flow of natural light and air. Additionally, the balcony serves as a green space that features a …
The properties at 6 and 7 Perak Road, situated in Singapore’s Jalan Besar/Little India precincts, have recently been put up for sale via tender with a guide price of $13 million. This equals to about $2,425 psf on its total floor area of 5,360 sq ft. Located just a three-minute walk to Rochor MRT Station, these two-storey shophouses with mezzanine space have an 11.4m- frontage that occupies an area of approximately 2,870 sq ft.
In its well-kept condition, these properties require minimal refurbishments and are approved for usage as a backpackers’ hostel. Gracelynn Zhu, who is marketing these shophouses under PropNex Realty’s division- PropNex Shophouse Elites, notes that with the revival of the tourism sector, the shophouses may be ideal for hostel operators looking to tap renewed interest for accessible accommodation. Additionally, investors on the lookout for assets that can provide strong rental and capital growth could find these properties …
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Sandeep Sethi has been appointed as division president of JLL’s work dynamics business in the Asia Pacific region. He brings with him over 27 years of corporate experience, 10 of which he spent at JLL. In his new role, Sethi will oversee services delivered to clients both in West Asia, where he has been managing director and head of work dynamics since his appointment, and North Asia, where he will also be accountable for growing JLL’s market share in mainland China and Hong Kong.
Reporting to Susheel Koul, JLL’s CEO for work dynamics in the Asia Pacific region, Sethi will be based in Gurgaon. His appointment reinforces JLL’s commitment to developing and elevating its people to serve the company’s rapidly diversifying client base throughout the Asia Pacific region.
JLL’s work dynamics business unit provides integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience and lease transaction …
An industrial property of over 500,000 sq ft with waterfront access is now available for sale at 1 Benoi Road, located at the junction with Pioneer Road, within Jurong Industrial Estate. Suitable for a variety of uses, such as shipbuilding, ship or vessel repair and maintenance, the property is around 24 km from the city centre, with convenient access to the nearby Ayer Rajah Expressway and Pan-Island Expressway, as well as Joo Koon MRT Station.
The plot is regular in shape, with a corner frontage of about 255m on Benoi Road and Pioneer Road, and an average plot depth of about 213m. It extends eastwards along the waterfront roughly 230m, with a flat contour. The guide price of the property is $11.3 million.
Recent transactions of similar industrial properties in Benoi Road include the acquisition of a 328,105 sq ft plot at 5 Benoi Road by ST Engineering in December …
Tender for residential government land sale (GLS) site at Lentor Gardens closed today with a single bid from GuocoLand and Intrepid Investments. The joint venture partners submitted a bid of $486.8 million, which translates to a land rate of $985 psf per plot ratio (psf ppr). This is the lowest bid for the Lentor precinct to date.
The last two GLS sites to be sold in Lentor were at Lentor Central and Lentor Hill (Parcel B). Lentor Central was awarded to a consortium led by China Communications Construction, Soilbuild Group Holdings and United Engineers at a winning bid of $481.03 million ($1,108 psf ppr). TID, a joint venture between Hong Leong Group and Mitsui Fudosan, was the successful bidder for the Lentor Hill (Parcel B) at $276.36 million ($1,130 psf ppr).
Meanwhile, in January 2022, a GLS site at Lentor Hills Road (Parcel A) was sold to GuocoLand, Hong Leong …
The Myst Condo developed by City Developments Limited (CDL Aries) – the largest non-government-controlled developer in the city-state – is situated in the heart of Bukit Panjang and Cashew. Spanning a total area of 16,620 square metres (178,900 square feet), the two adjoining lots at 798 and 800 Upper Bukit Timah Road in northwest Singapore’s Tan Chong industrial park have a 2.1 plot ratio, making it eligible for a project up to 24-storeys tall.
Over the last few years, the government of Singapore has been taking steps to revitalize the Bukit Timah district. Various initiatives, such as the construction of the Railway Corridor near The Myst Condo, which will transform the former railway line into a communal space, and the Beauty World rejuvenation plan, which will create a green village, are part of their plan to improve connectivity and introduce more green spaces.
The Myst Condo is a great residential …
Grade A office rents in the Central Business District (CBD) saw a marginal increase of 1.0% q-o-q in 1Q2023, according to research by real estate consultancy JLL. This represented the second consecutive quarter of slower growth, down from the 1.2% q-o-q recorded in the previous quarter.
Andrew Tangye, head of office leasing and advisory at JLL Singapore, cites macroeconomic uncertainties as the main contributor to the slower growth, with larger space users exercising caution over relocation and expansion plans. This has meant that leasing activity in 1Q2023 was driven mainly by small-to-medium-sized occupiers with immediate needs, such as companies that had increased hirings or needed to accommodate new workspace designs.
Notable tenants that have taken up space at Guoco Midtown in the Bugis-Beach Road area and IOI Central Boulevard Towers in the Marina Bay financial district include financial services, technology, media, and professional service companies. Other soon-to-be-completed projects in the …
Bukit Timah is a prime residential district located in the central region of Singapore. It is known for its affluent neighborhood, picturesque surroundings, and an excellent mix of amenities that cater to the needs of residents. The place offers a perfect balance between a calm suburban lifestyle and urban convenience, making it one of the most sought-after locations in Singapore. In this article, we will explore why Bukit Timah is a great place to live and why you should consider making it your home.
Luxurious Lifestyle
Bukit Timah is a prime location for those who value luxurious living. It is home to some of the most upscale residential developments in Singapore, ranging from luxury condominiums to lavish landed properties. The area boasts of spacious and modern homes that are designed to cater to the needs of residents who are looking for a comfortable and lavish lifestyle.
The area also offers …
CDL, or City Developments Limited, is a Singapore-based real estate developer that has been in operation for over 50 years. The company was founded in 1963 and has since grown into one of the largest real estate developers in Singapore, with a presence in over 100 locations worldwide.
Over the years, CDL has built a reputation for developing high-quality residential, commercial, and industrial properties. The company’s portfolio includes some of the most iconic buildings in Singapore, such as the Singapore Marriott Tang Plaza Hotel, the One Shenton residential tower, and the Republic Plaza office building.
CDL has also been recognized for its commitment to sustainability and environmental responsibility. The company has received numerous awards for its efforts to reduce carbon emissions, conserve energy, and promote sustainable building practices. CDL was the first developer in Singapore to receive the Green Mark Platinum Award for its City Square Mall development, which was …
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