Collective sale of Tanjong Katong development relaunched at $63 mil

At 52 to 62H Tanjong Katong Road in Singapore, a four-storey development of 26-units has been relaunched for tender at a guide price of $63 million. With a land area of 32,397 ft, it has the potential to yield a gross floor area of 45,356 ft upon redevelopment, with an allowable gross plot ratio of 1.4 under the 2019 Master Plan. This would likely create 49 residential apartments with an average size of 915 sq ft. It is situated a 500m walk from Paya Lebar MRT Station, making it ten minutes away from the CBD.

The guide price works out to a land rate of $1,401 psf per plot ratio (psf ppr), with an estimated land betterment charge of $530,000 taken into account. When factoring in a 7% bonus balcony floor area, this could be lowered to $1,375 psf ppr.

Terence Lian, head of investment sales at Huttons Asia, the …

Two shophouses at Perak Road up for sale at $13 mil

Two conservation shophouses located at 6 and 7 Perak Road are now up for sale via tender with a guide price of $13 million, which works out to $2,425 psf on the total floor area. The properties have a built-up area of 5,360 sq ft, along with a land area of 2,870 sq ft, as well as an 11.4m-width frontage along Perak Road.

Situated in the Jalan Besar/Little India precinct, and three minutes’ walk from Rochor MRT Station, these shophouses have approval for usage as a backpackers’ hostel and are well-maintained, with minimal refurbishment required.

Gracelynn Zhu from PropNex Shophouse Elites – a division of PropNex Realty – noted that the properties enjoy strong rental demand due to their well-kept condition and strategic location in District 8, surrounded by amenities and close to the Bugis area. The current owner has received multiple offers from prospective tenants yet is looking to …

JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

Sandeep Sethi has been appointed by JLL as the division president of work dynamics in the Asia Pacific region. In this position, Sethi will be responsible for overseeing integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience, lease transaction management and delivering services to clients in North Asia. Additionally, he will be in charge of growing JLL’s market share in mainland China and Hong Kong.

Headquartered in Gurgaon, Sethi will report to Susheel Koul – JLL’s CEO for work dynamics in Asia Pacific. With over 27 years of extensive experience Marina Gardens Condo in the corporate sector, 10 of which were at JLL, Sethi has been successful in cultivating deep client relationships and expanding the business to the largest occupier in West Asia.

Koul said: “Sandeep is an established leader and a respected client advisor with an astute understanding of the dynamic nature of commercial real estate. …

Slow start to 2023 for real estate investment sales amid market uncertainties: Knight Frank

The real estate investment market in Singapore got off to a slow start in the first quarter of 2023, with only $4.2 billion of investment sales recorded. This was a stark decrease of 61% compared to the first quarter of 2022, with $10.8 billion in sales. According to Daniel Ding, head of capital markets (land & building, international real estate) at Knight Frank Singapore, it was also the lowest quarterly total since 2Q2020, when the government imposed the “circuit breaker” measures at the height of the pandemic.

Residential investment sales totalled $1.6 billion for the quarter, including the collective sales for Meyer Park, Bagnall Court and Holland Tower of some $583.8 million. Notably, the sale of Holland Tower was the first successful residential en bloc transaction in the Core Central Region (CCR) since December 2021 when property cooling measures were put in place, a sign of “a nascent return” of …

The Myst Condo at Bukit Panjang MRT Station and Cashew MRT Station by CDL Aries City Developments Limited

The Myst is a new project by City Developments Limited, is located right in the heart of Bukit Panjang and Cashew. CDL Aries, an affiliate of the biggest non-government-controlled developer in Singapore, has been granted access to two adjacent land plots, situated at 798 and 800 Upper Bukit Timah Road. This property covers a span of 16,620 square metres (178,900 square feet) and is zoned for residential usage, with a plot ratio of 2.1. This therefore permits the developer to construct a maximum of 24-storeys on the prime plot.

For the past few years, the city-state has been endeavoring to invigorate the Bukit Timah area with an array of advancement initiatives to emphasize connectivity and increase green spaces in the locality. Such plans entail The Railway Corridor scheme near The Myst Condo, which is set to remodel former railways into a community space, along with the Beauty World revamping program …

Living Near Bukit Panjang Integrated Transport Hub: Advantages and Benefits Explored

Living near Bukit Panjang Integrated Transport Hub has its advantages and benefits, making it a great choice for those who are looking for convenience, comfort and affordability. Located in the western part of Singapore, Bukit Panjang Integrated Transport Hub (BPIH) is a one-stop destination for commuters who want to travel throughout the city. Bukit Batok EC It is connected to the Bukit Panjang MRT Station, which is a major junction for the North-South Line, Downtown Line and North-East Line.

One of the main advantages of living near BPIH is its proximity to multiple transport modes. Apart from the MRT station, commuters can also access the Bukit Panjang Light Rapid Transit (LRT) system, which connects the town centre to the nearby Choa Chu Kang and Bukit Batok areas. This makes it easy to get around the city quickly and conveniently. In addition, the bus interchange provides direct access to various parts …

Investment Profitability of Properties in Bukit Panjang: A Critical Review

The profitability of properties in Bukit Panjang has been a topic of much debate and discussion in recent years. Many investors have been attracted to the area due to its accessibility to the city centre, its potential for appreciation and its excellent amenities and infrastructure. However, there has been some criticism of the area with regards to the potential investment return. This article seeks to provide a critical review of the investment profitability of properties in Bukit Panjang.

Firstly, the location of Bukit Panjang is one of its major advantages. The area is situated close to the city centre, making it attractive to those who wish to commute to the centre for work or leisure activities. Additionally, Bukit Panjang is well connected to the rest of Singapore through public transport links, and this has helped to attract a large number of investors over the years.

Secondly, the appreciation potential of …

Comprehensive Analysis of Promising Real Estate Projects in Singapore: An Investor’s Guide

As an investor in Singapore, the real estate market is an attractive option for many. The city-state is one of the most prosperous countries in the world and its real estate market is known for being stable and profitable. In this article, we will provide an in-depth analysis of the most promising real estate projects in Singapore from the perspective of an investor.

To begin with, it is important to note that the real estate market in Singapore is highly regulated, making it a safe and secure market for investors. The government of Singapore sets the rules and regulations of the market and ensures that they are adhered to. This makes the market relatively predictable and reliable, giving investors a good sense of security.

When looking for promising real estate projects in Singapore, investors should consider the location, size, amenities, and potential rental or sale income. It is important to …

Bukit Timah Condominiums: A Parent’s Top Choice for Homes near Schools

Bukit Timah condominiums are the top choice for parents looking for homes near schools in Singapore. Located near the Bukit Timah Nature Reserve, Bukit Timah condominiums offer a range of amenities and conveniences that make living with children easy and stress-free.

Bukit Timah is located within the Central Region of Singapore, making it close to some of the best schools in the country. Bukit Timah condominiums are conveniently located near the Singapore American School, National Junior College, and the Singapore Chinese Girls’ School, among many others, making it a great choice for parents who want their children to have access to quality education.

Bukit Timah condominiums are also close to shopping and entertainment venues, such as the Bukit Timah Shopping Centre and the Bukit Timah Plaza. These offer a range of restaurants, cafes, and stores, all within easy walking distance from the condominiums.

Apart from the convenience of having nearby …

Unlocking the Potential of Emerging West Singapore Real Estate Projects for Maximum Returns

The real estate sector in West Singapore has been witnessing a surge in investment opportunities in recent years. With the growth of the city-state’s economy and a rapidly growing population, West Singapore has become a hotbed for real estate investment. With the emergence of new and innovative projects, investors are now looking for ways to maximize their returns on these investments.

One of the most effective ways to unlock the potential of these emerging West Singapore real estate projects is to understand the market and identify the right investment opportunities. Investors should look for projects that have the potential to generate high returns over the long-term. They should also consider the location of the project, as well as the quality of the services and amenities provided. This will ensure that their investment yields the best returns over the long-term.

In addition to understanding the market, investors should also analyze the …

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