Category: Mortgage

Two adjoining shophouses off Upper Thomson Road for sale at $10.5 mil

For investors looking to capitalize on rare opportunities, two freehold shophouses in Adelphi Park Estate at 5 and 7 Jasmine Road off Upper Thomson Road have been put up for sale. Boasting a total site area of 3,650 sq ft, with an existing combined floor area of around 3,940 sq ft, the two-storey buildings are being sold via expression of interest at a guide price of $10.5 million, or $2,665 psf on the floor area.

Map and overview of 5 Jasmine Road (Source: EdgeProp LandLens)

The 2019 Master Plan for the area states that the properties are zoned for a residential-cum-commercial use with a gross plot ratio of 3.0 and a building height control of up to four storeys.

The location is highly accessible, with Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway nearby, and is also just a minute’s walk away …

Collective sale of Tanjong Katong development relaunched at $63 mil

Huttons Asia has re-launched a 26-unit walk-up development at 52 to 62H Tanjong Katong Road with a guide price of $63 million. Located in District 15, the property has a land area of about 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 potentially yield approximately 45,356 ft of gross floor area upon redevelopment, with the potential to have 49 residential apartments with an average size of 915 sq ft. At a guide price of $1,401 psf per plot ratio (psf ppr), including an estimated land betterment charge of approximately $530,000, the land rate could be further reduced to $1,375 psf ppr by factoring in a 7% bonus balcony.

Terence Lian, head of investment sales at Huttons Asia, expects there to be keen interest from developers given the recent brisk sales at nearby Tembusu Grand, a …

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

The pair of conservation shophouses at 6 and 7 Perak Road have been launched for sale via tender with a guide price of $13 million. Well-maintained, they require minimal refurbishments and possess an 11.4m-wide frontage along Perak Road with a total floor area of 5,360 sq ft. This works out to $2,425 psf on the total floor area.The strategic location in District 8 surrounded by amenities and close to the Bugis area means the properties enjoy strong rental demand from multiple prospective tenants.Nonetheless, the vendor is looking to sell the shophouses with vacant possession, which will enable the new owner to decide which type of tenant profile they desire for the property.With the recovery of the tourism sector post-pandemic, the properties may be ideal for hostel operators looking to tap renewed interest for convenient and accessible accommodation among incoming tourists and travellers.Investors may also find the properties attractive, due to …

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

Sandeep Sethi has been appointed Division President of JLLs’ Work Dynamics in Asia Pacific. This business unit delivers services spanning the full real estate life cycle for occupiers, such as facilities management, construction management services, workplace consulting, and lease transaction management.

Sethi has been with JLL for 10 years and spent the past 27 years in the corporate sector, in which time he forged deep client relationships and grew the work dynamics business to manage over 160 million sq ft of office space in India, Sri Lanka, Mauritius, and Bangladesh.

In his new role, he also has responsibility for the North Asia market, overseeing services delivered to clients in mainland China and Hong Kong. Based in Gurgaon, Sethi will report to JLL’s CEO for Work Dynamics in Asia Pacific, Susheel Koul.

Koul commented on the appointment, “Sandeep is an established leader and a respected client advisor with an astute understanding …

Shipyard at Benoi Road for sale at $11.3 mil

A rare opportunity for firms wanting to expand their shipbuilding or vessel repair and maintenance business has arisen at 1 Benoi Road in Singapore. The 500,000 sq ft site is up for sale via an expression of interest process with a guide price of $11.3 million.

Positioned at the junction of Benoi Road and Pioneer Road, within Jurong Industrial Estate and some 24km from the City Centre, the property boasts easy access to surrounding housing estates like Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. It also sits close to key transportation links, such as the Ayer Rajah Expressway and Pan-Island Expressway, and a five-minute drive to Joo Koon MRT Station.

The two-storey office block and single-storey annexe, three blocks of single-storey workshops, a mould loft building, a fabrication workshop, wharf and 230m frontage of waterfront further make this property attractive for potential buyers.

The sale of the …

GuocoLand sole bidder for Lentor Gardens GLS site at $985 psf ppr

GuocoLand emerges as dominant player at upcoming Lentor Hills estate

A 99-year leasehold GLS site at Lentor Gardens drew just one bid from GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group) today. At a rate of $985 psf per plot ratio, the joint venture partners bid $486.8 million.

“For the future development,” said a GuocoLand spokesperson, “we are envisioning a new high-end residential development with around 533 units along with 600 sqm of childcare facilities. The development will complement our other two upcoming developments – Lentor Modern and Lentor Hills Residences – in our plans to transform the Lentor Hills estate to be widely known as a premium residential area.”

According to Mark Yip, CEO of Huttons Asia, the land rate of $958 psf ppr is the lowest for a land parcel in the Lentor precinct, making it the first residential GLS tender to receive only one bid …

The Myst Condo City Development Aries at Bukit Panjang MRT Station

The Myst Condo City Development Aries at Bukit Panjang MRT Station

The Myst CDL a new development by City Developments Limited (CDL) Aries, is located in the centre of Bukit Panjang and Cashew. CDL, the biggest non-government-controlled developer in Singapore, has been granted rights to two plots located at 798 and 800 Upper Bukit Timah Road in the Tan Chong industrial park of northwest Singapore. Spanning an area of 16,620 square metres (178,900 square feet), the plot has an approved plot ratio of 2.1 allowing the developer to develop a project up to 24-storeys high.

In recent years, the city-state has sought to revitalise the Bukit Timah area with a range of development plans designed to improve connectivity and introduce more green spaces to the locality. These plans include the Railway Corridor development near The Myst Condo, which seeks to transform deserted railway tracks into a vibrant communal area, as well as the Beauty World rejuvenation plan, which seeks to construct …

Staying In The Heart of Bukit Timah Singapore

Bukit Timah, a prestigious and affluent district located in the central region of Singapore, is a highly sought-after residential area. Known for its lush greenery, luxurious homes, and excellent amenities, this district offers a plethora of advantages for those fortunate enough to live there. In this article, we will explore the numerous benefits of staying in Bukit Timah, ranging from its prime location and educational institutions to its natural attractions and recreational facilities.

Prime Location

One of the most significant advantages of staying in Bukit Timah is its strategic location. Nestled within the Central Region, it enjoys excellent connectivity to other parts of Singapore via major expressways and public transportation. The Downtown Line MRT stations, including King Albert Park, Sixth Avenue, and Tan Kah Kee, offer convenient access to the Central Business District (CBD), Marina Bay, and other commercial areas. This seamless connectivity makes commuting a breeze for both working …

CDL Real Estate Developer for Residential and Commercial Properties

City Developments Limited (CDL) is one of the largest real estate companies in Singapore, with a global presence in over 100 locations in 28 countries. The company has been in operation for more than 50 years and is listed on the Singapore Exchange (SGX). CDL’s portfolio comprises a wide range of properties, including residential, commercial, and industrial developments, hotels, and integrated developments.

History

CDL was founded in 1963 as a property development company by Kwek Hong Png. The company started with small-scale projects, such as the development of apartments and landed properties in the prime districts of Singapore. As the company grew, it expanded its operations to other countries, including the UK, Australia, and Japan.

In the 1980s, CDL ventured into the hospitality industry, acquiring hotels in Singapore, Australia, and New Zealand. The company also diversified into property management, facilities management, and engineering services. Today, CDL is a diversified real …

Looking at The Advantages of Property Investment in Bukit Panjang

Bukit Panjang is a thriving residential town located in the western part of Singapore. With its strategic location and the many advantages that it offers, property investment in Bukit Panjang is an attractive option for investors who are looking for a stable, long-term investment that can provide them with significant returns.

Here are some of the key advantages of property investment in Bukit Panjang:

Strong Rental Demand

One of the biggest advantages of investing in property in Bukit Panjang is the strong rental demand in the area. As a popular residential area with a growing population, Bukit Panjang has a high demand for rental properties. This can provide investors with a steady source of rental income and a good return on investment.

Moreover, the rental market in Bukit Panjang is stable, with consistent demand and rental rates that are typically higher than other parts of Singapore. This can make it …