Category: Real Estate

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 from Upper Thomson MRT Station (situated on Thomson-East Coast Line). Caldecott MRT Station, an interchange with the Circle Line, is one stop away.

Steven Tan, managing director of capital markets and investment sales at ERA Realty Network, said, “This rare opportunity offers investors a chance to own a pair of freehold shophouses that offer immediate rental income and future capital appreciation potential in the long term.”

Recent transactions of commercial property on Jasmine Road (Source: EdgeProp Research tool)

The successful buyer can consider redeveloping the shophouses into a four-storey residential building with commercial space on the first storey, subject to the authorities’ approval. The redeveloped building could have a gross floor area of about 10,950 sq ft.

Located near numerous amenities, the properties are close to popular eateries and cafes along Upper Thomson Road, Sin Ming Plaza, and Junction 8 shopping mall. Additionally, prestigious educational institutions such as Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School and Whitley Secondary School are located within a 1-2km radius.

The EOI exercise for the property will close on May 8th at 3pm, and the properties are being sold with existing tenancies and on an “as is where is” basis. Investors should certainly not miss out on this opportunity to own a pair of freehold shophouses that offer immediate rental income and future capital appreciation potential.…

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 638-unit condo by City Developments and MCL Land. The Rent Out Condo project sold 53% of its units at an average price of $2,456 psf during its launch weekend on April 8th and 9th.

Situated just a 10-minute drive from the CBD and 500m from Paya Lebar MRT Station, the development offers an abundance of convenience. Surrounding it are shopping malls such as PLQ mall, i12 and Parkway Parade, along with recreational facilities such as the Singapore Sports Hub and East Coast Park. Furthermore, Katong and Joo Chiat also offer plenty of F&B and cafe options.

Angela Lim, deputy head of investment sales at Huttons Asia, believes the property will be popular among professionals and young couples. Located just five stops to City Hall Interchange and within close proximity to Paya Lebar Commercial Hub, this location could not be better.

The tender for the property closes on May 9 at 2pm, and with such an attractive location, it is sure to draw plenty of interest.

CDL-MCL Land’s Tembusu Grand 53% sold at an average price of $2,465 psf
Freehold semi-detached house on Goodman Road on the market for $9.2 mil
CDL and MCL Land to launch Tembusu Grand in Katong at prices from $2,296 psf…

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 the potential gross rental yield of over 3%. As they are zoned for commercial use, no additional buyer’s stamp duty is payable on the purchase of the properties.The tender for the property will close on May 8 at 3pm.

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, which works out to $2,425 psf on the total floor area. Situated in the Jalan Besar/Little India precinct, the properties possess an 11.4m-wide frontage along Perak Road and a total floor area of 5,360 sq ft. The two-storey shophouses with mezzanine space have a built-up area of 2,870 sq ft and are well-maintained, requiring minimal refurbishments.

The properties are conveniently located close to the Bugis area and enjoy strong rental demand, with the current owner receiving “multiple offers” from prospective tenants. 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 the potential gross rental yield of over 3%. Moreover, as they are zoned for commercial use, no additional buyer’s stamp duty is payable on the purchase of the properties.

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. The tender for the property will close on May 8 at 3pm.

Given the strategic location and current high rental demand, the shophouses may offer strong rental and capital growth. The near proximity to Rochor MRT Station also add to its appeal.…

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 of the dynamic nature of commercial real estate. His appointment reinforces JLL’s commitment to developing and elevating our people to serve our rapidly diversifying client base across Asia Pacific.”

The appointment comes as JLL’s Asia Pacific real estate investments report a 27% year-on-year decrease due to rate hikes and a cooling sentiment. However, investment professionals are expecting to find more opportunistic deals in 2023, and Cushman & Wakefield recently made some senior leadership promotions across the region.…

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 property is subject to approval from the relevant authorities, with the EOI process closing on April 27 at 3 pm.

Isabel It, associate division director at Huttons Asia, the marketing agent for the sale, said the regular-shaped lot has a corner frontage of 255m on Benoi Road and Pioneer Road, with an average plot depth of 213m.

Recent transactions on Benoi Road have shown the potential of similar properties in the area. In December 2020, a 328,105 sq ft plot was sold at 5 Benoi Road at $10.5 million, while an existing shipyard with a site area of 1.5 million sq ft at 55 Gul Road was acquired by ST Engineering for $95 million in February.

Lee Sze Teck, senior director of research at Huttons Asia, said that it is “rarely” that such a large plot of land – meant for vessel building and maintenance – is available for sale.

“The property is suitable for shipbuilding, ship or vessel repair and maintenance,” he added.

The sale of the property is set to mark a potentially attractive investment opportunity for expansion-minded firms. To capitalise on its potential, one should act fast since the EOI period closes soon.…

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 since the Silat Avenue GLS site in 2018. That site was won by a consortium led by UOL Group for $1.035 billion and launched as the 1,074-unit Avenue South Residences in September 2019 before being fully sold.

The last two residential GLS sites to be sold in Lentor were at Lentor Central and Lentor Hill (Parcel B). The former was awarded to a consortium comprising China Communications Construction, Soilbuild Group Holdings and United Engineers with a bid of $481.03 million ($1,108 psf ppr). TID (a joint venture between Hong Leong Group and Mitsui Fudosan) was the top bidder for the latter at $276.36 million ($1,130 psf ppr), with an expected output of 265 units.

A GLS site at Lentor Hills Road (Parcel A) was sold for $586.6 million ($1,060 psf ppr) in January 2022. This led to the upcoming 598-unit Lentor Hills Residences, a joint venture between Hong Leong Holdings, GuocoLand and TID, which is expected to be launched soon.

The launch of 605-unit Lentor Modern integrated development by GuocoLand last September saw a successful 84% of the units sold on launch weekend. The price per square foot was $2,104 on average. GuocoLand purchased this GLS site for $784.1 million ($1,204 psf ppr) in July 2021.

Seen through the perspective of Mark Yip, the bids for land sites around Lentor have been decreasing due to multiple factors, such as the risk of being slapped with Additional Buyer’s Stamp Duty should all units be unable to be sold within five years, among other considerations.

Two other GLS sites located at Lentor are now available for sale under the 1H2023 GLS Programme, the first being a 475-unit yield at Lentor Central expected to be launched this month, with the second 500-unit residential site at Lentor Gardens on the Reserved List. This could potentially bring some 3,500 new units in the area possibly served by 11,000 new residents.

Leonard Tay, head of research at Knight Frank Singapore, affirms that the Lentor Gardens site, and its close proximity to features like the Lentor MRT station, Thomson Nature Park, Yio Chu Kang Stadium and Sports Complex and CHIJ St Nicholas Girls’ School, should draw the attention of homebuyers.

Steven Tan, CEO of OrangeTee & Tie, believes that the units at the site could be priced around $1,950 to $2,050 psf.

All in all, the Lentor area presents many appealing opportunities with the potential to generate a high quality residential development.…

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 a green urban village.

The Myst Condo is a great place to call home and boasts many amenities, including close proximity to schools, commercial spaces and parks. Additionally, the Tan Chong industrial park is situated just next door to the 19-floor Hazel Park condominium building, ensuring convenience for residents. What adds to the appeal of this neighborhood is its easy access to public transportation; the Cashew MRT station on Singapore’s Downtown Line is a mere seven minutes away, and the old Bukit Timah railway station is just a thirteen-minute walking distance.

CDL Aries is perfectly placed to maximize the potential of the recent acquisition of the Upper Bukit Timah site and benefit from the various projects and rejuvenation schemes which are underway in The Myst Condo district. This residential project, thanks to the appeal and convenience of the neighbourhood, will give Singaporeans and investors the opportunity to secure a highly desirable address.

Situated in a prime location, The Myst Condo offers easy access to other parts of Singapore and the convenience of various amenities just a short walk away. With its close proximity to the nearby green spaces and rejuvenation plans, CDL can create a residential project here that will not only add to the neighbourhood’s charm but also provide residents with a truly enjoyable living environment.

The acquisition of two plots of land for S$126.3 million ($92.5 million) for the purpose of establishing a new condominium tower in the ever-growing residential area of Upper Bukit Timah places CDL Aries in an advantageous position to capitalize on the various development initiatives in the vicinity. This could potentially result in the creation of a highly sought-after residential project, both by Singaporeans and investors alike, making this a major undertaking for the developer.

The Myst Condo provides remarkable ease for the occupants, being situated beside Bukit Panjang Integrated Transport Hub with a wide selection of services for the tenants to access. This proximity of facilities makes life at the condo incredibly convenient.

Living at The Myst Condo, which is near to the Bukit Panjang Transport Hub, gives multigenerational families great convenience and flexibility. Its prime location is mere steps away from the Bukit Panjang MRT Station, Segar LRT Station, and Bukit Panjang Bus Interchange. With such an abundance of public transportation services, getting to your desired destinations is a total breeze.

The Bukit Panjang Integrated Transport Hub is the 9th integrated transport hub in Singapore. Located nearby is the Myst Condo, which is connected to Hillion Mall, allowing residents easy access to all manner of amenities. For those with young children, numerous schools are situated within a short walking distance of the Myst Condo, including the esteemed De La Salle School. Those looking for a wider range of educational facilities can take advantage of the various international schools in the vicinity.

The Myst Condo offers a plethora of amenities including a 50m pool, two tennis courts, a fitness center and a children’s playground. It is conveniently located within a 10 minute walking distance to the nearest MRT station, along with several shopping malls and restaurants. Those looking for additional convenience may choose to utilize the free shuttle bus service the developer offers to Bukit Panjang Downtown MRT station. In the surrounding vicinity, you’ll find Jelapang MRT, Choa Chu Kang MRT, and Yew Tee MRT, all of which are easily accessible.

If you’re seeking convenience in terms of location, The Myst Condo provides a wealth of public transportation options. You can access Bukit Panjang MRT Station and Hillview MRT Station with a short 30-minute walk. Nearby bus stops include Bef Chestnut Avenue, Bukit Panjang Road, and Upper Bukit Timah Road. Furthermore, Orchard Road and the Central Business District can be reached within 25 minutes.

The Myst Condo of the forest at Bukit Timah Road is a much-coveted residential condominium in Singapore. Surrounded by lush greenery and gentle hills, the condos provide a stunning view of the surrounding tropical environment. Residents can enjoy the beauty of nature while still having access to all of the modern amenities that come with living in a luxury residence. From its scenic location to its modern facilities, the Myst Condo is an ideal place to call home.

The Myst of the forest is legendary for its unspoiled vista, offering a transparent look at the neighboring natural atmosphere. From the upper levels of the condominium, guests can indulge in an unparalleled view of the Bukit Timah Nature Reserve and its verdant hills. The views extend across the skyline, giving a feeling of tranquility and calm. Residents enjoy the convenience of having all the facilities and amenities within easy reach.

The Myst CDL of the forest boasts modern accommodations and facilities that offer its residents a luxurious and comfortable feel. Sporting a swimming pool, gym, tennis court and clubhouse, this condominium complex gives residents easy access to all the amenities they need. In addition, there is a sky garden perfect for relaxation and taking in the stunning natural views. With all these features, the Myst CDL of the forest provides an idyllic, yet convenient living environment.

The Myst of the forest is the ideal spot to take a break from the hustle and bustle of everyday life. Boasting breathtaking views, lavish amenities and facilities, and a tranquil and peaceful ambiance, the Myst of the forest makes a perfect escape for its residents to bask in the natural beauty. Residents have the convenient opportunity to explore the nearby Bukit Timah Nature Reserve, which is perfect for a rejuvenating hike or nature stroll.

The Myst Condo is situated in the core of Bukit Panjang, Singapore, mere steps away from Bukit Panjang Integrated Transport Hub and Hillion Mall. Its advantageous location makes it the perfect home for those looking for hassle-free and stress-free living. Residents of The Myst Condo can enjoy the convenience of having immediate access to public transport and the many amenities of the mall such as shopping, dining, and more. In short, The Myst Condo is a great choice for those seeking a home with plenty of comforts and convenience.

The Bukit Panjang Integrated Transport Hub is conveniently located just a 5-minute walk away from The Myst Condo. This provides residents with an easy way to explore the city or their local neighbourhood using the Downtown Line and Bukit Panjang LRT. Additionally, a number of bus services are also available, allowing for hassle-free travel to different parts of Singapore. All in all, the transport hub is a great asset for residents of The Myst Condo, making it a breeze to get around the island.

Those living in The Myst Condo are within close proximity to Hillion Mall, a highly sought-after shopping, dining and entertainment destination in Bukit Panjang. Situated a mere 5-minute walk away, this mall provides a plethora of retail stores, eateries and entertainment options, including a cinema and bowling alley. Thus, residents at The Myst Condo benefit from the easy access to all these amenities.

The Myst Condo is an ideal dwelling for families, as its neighbourhood offers a plethora of amenities. In close proximity to the property, there are numerous schools, medical centres, banks, supermarkets, and other essential services, meaning that residents will always have access to the necessary necessities. Not to mention, the convenient location of the condo makes it even more attractive to those with busy lifestyles.

Situated near Cashew MRT Station, The Myst CDL is a modern luxury condominium development in Singapore’s suburban area. Featuring an exquisite combination of modernity and luxury, the development’s sustainable features make it the ideal choice for anyone searching for an eco-friendly living space. Boasting a variety of amenities and facilities, The Myst CDL perfectly encapsulates a green and modern lifestyle.

The Myst boasts a wide range of sustainable landscaping features, providing residents with a tranquil oasis to retreat from the hectic city. The rooftop garden is abundant with lush vegetation, making it the ideal spot for relaxation. Moreover, the garden includes rainwater harvesting systems – reducing water consumption and helping preserve resources. These special amenities make The Myst perfect for those looking for a peaceful and sustainable environment.

The Myst Condo Upper Bukit Timah Road has taken several steps to ensure it is a sustainable environment, from its landscaping design to its water usage. Specifically, the development has incorporated eco-friendly components such as native plants and trees, which are drought-resistant and require little upkeep. Moreover, organic fertilizers and composting elements have been used, reducing the need for chemical fertilizers. Additionally, a water-efficient irrigation system has been put in place, helping to reduce water consumption.

The Myst condominium development at Bukit Panjang offers a luxurious living experience with sustainable features. The residence is graced with a range of landscaping benefits, like a rooftop garden, energy-saving lighting systems, solar panels, indigenous plants and trees, organic fertilizers, composting systems, water conservation irrigation and recreational spaces. Through these components, The Myst Condo presents an ideal option for people looking for a green and eco-friendly home.

Hillview is well-known for its affluent lifestyle and lush greenery. Its active expatriate community and vicinity to the Bukit Timah Nature Reserve make it a popular choice for buyers. The HillV2 shopping center is nestled in the heart of Hillview, providing plenty of dining and shopping options. Bukit Panjang is well-connected and offers exciting amenities, including the outdoor The Grassroots Club and Bukit Panjang Park connector.

District 23 is a desirable destination for both buyers and renters, encompassing Choa Chu Kang, Bukit Batok, Hillview, and Bukit Panjang. Choa Chu Kang, derived from the Teochew word for plantation owners, has evolved from a kampung to a modern area with good public transport links, as well as two shopping malls – Lot One Shoppers’ Mall, near the Choa Chu Kang MRT station, and Choa Chu Kang Park, where visitors can take in the sights of old fruit tree plantations. Bukit Batok is celebrated for its natural attractions such as Town Park, Nature Park, Hill, and Little Guilin – a scenery similar to that of Guilin in China and home to towering granite rocks and a lake.

West Mall, Bukit Batok’s primary shopping center, houses a public library, post office, and cinema. Hillview is admired for its upscale lifestyle and abundant greenery, its expat community and proximity to the Bukit Timah Nature Reserve making it a popular choice for buyers. HillV2 is the shopping hub of Hillview, where visitors have plenty of options for dining and shopping. Finally, Bukit Panjang is an area connected by good transport links, boasting outdoor attractions such as The Grassroots Club and Bukit Panjang Park connector.

Covering an area of 25,500 hectares, the West Region of Singapore is the largest of all five regions. The regional center is located in Jurong East, while Jurong West is the most populated town. Serving as home to many of Singapore’s heavy industry companies, like BP, ExxonMobil, DuPont, Mitsui Chemicals, and Shell, the West Region has become a significant player in the global petrochemical sector. In order to further develop the area, the government has set out a plan to transform the Jurong Lake District and Jurong Innovation District into a second Central Business District. Additionally, the completion of the Tuas Mega Port in the 2040s will see it become the world’s largest single container port, with an annual capacity of 65 million TEUs.

The line also links up to six existing MRT Lines, allowing passengers to transfer seamlessly, to and from other destinations.

The Downtown Line (DTL) revolutionizes Singapore’s mass transit system. As the fifth MRT line, it brings connectivity to areas that couldn’t be served before, like Bukit Panjang, Bukit Timah, and Bedok Reservoir. With 34 stops, the DTL is a convenient way to get around the city, providing easy movement and access to the downtown core. People living between Bukit Panjang and Bukit Timah have the benefit of having their trips cut down by up to 30%, while commuters from the east enjoy less bus trips and a faster journey. Moreover, it links up to six other MRT lines, allowing passersby to easily transfer and get to their destination with no interruptions.

The Downtown Line (DTL) has significantly improved connectivity within the Central Business District (CBD) zone, offering swifter commutation from Millenia Walk to Marina Bay Sands and City Hall Fringe. Recently opened, DTL3 adds 21 km to the Downtown Line, affording a direct connection to Tampines Regional Centre and Changi Business Park without the need for a bus change. With DTL3 now in operation, the Downtown Line has an overall length of 42 km, resulting in the Downtown Line being Singapore’s longest underground MRT line with no intermediate stops.

Developed by CDL, The Myst condominium project offers an exclusive living experience for its residents. Featuring amenities such as a 50-meter pool, a spacious clubhouse, and tennis courts, the mid-sized project is perfect for families with kids. Its proximity to well-known educational institutions like Bukit Panjang Primary, CHIJ, National University of Singapore and Ngee Ann Poly makes it even more attractive. Furthermore, you’ll find plenty of shopping, dining and enrichment options nearby, thanks to its close proximity to malls and shopping centers such as Hillion Mall, Bukit Panjang Plaza, HillV2, The Rail Mall and the upcoming The Reserve Residence Mall.

The Myst, a new residential project, is built on two side-by-side plots of land with a combined area of approximately 179,007 square feet – 798 and 800 Upper Bukit Timah Road. This development offers potential buyers the great opportunity to purchase a property in one of Singapore’s most desirable Good Class Bungalow Areas (GCBAs). The last new launch in the locality was the Espa condominium, which was completed in 2010.

The attractive location of The Myst gives City Developments Ltd the opportunity to offer exclusive amenities for these homes. With this convenient spot, buyers can enjoy the benefits of a dynamic city living.

The Myst CDL at Bukit Panjang is a sophisticated residential property that is devoted to providing sustainable and environmentally friendly living. Situated in bustling and vivacious Singapore, it is ensconced in a peaceful and verdant atmosphere, allowing dwellers the advantage of having both worlds.

Situated at Tan Chong Industrial Park, The Myst presents a unique selection of features that make it an ideal habitat for citizens who wish to lead an eco-friendly lifestyle. Its innovative design and effective resource utilization make it stand out as one of the most sustainable properties in the area. The property boasts energy-saving fixtures and appliances, as well as intelligent monitoring systems that regulate and measure the energy consumption of its residents. It also features a range of environmentally friendly features such as solar-powered LEDs, recycled water for outdoor landscaping, and gardens planted with greenery that helps purify the air. With these features, The Myst is an ideal choice for those seeking an eco-friendly residential solution.

The Myst is constructed to be highly energy efficient, incorporating several green technologies in order to reduce energy use. It has top-notch air-conditioning systems, smart lighting and motion sensors, and appliances that use as little energy as possible. Additionally, it is fitted with double-glazed windows and insulation to keep the heat in and minimize energy loss. Together, these features minimize energy waste and maximize efficiency.

The lobby of The Myst Condo is also designed to be airy and comfortable, with natural light streaming in from the windows. The building also has a secure entry system, ensuring that residents have peace of mind.

The design of The Myst Condo has been crafted to take full advantage of abundant natural light and ventilation. Floor-to-ceiling windows and balconies draw in the light and air, while providing beautiful views of the city. The building also boasts a lush garden on the balcony, creating a tranquil spot for relaxation. Inside, the lobby is airy and inviting, with natural light flooding through the windows. In addition, the secure entry system provides residents with a secure and safe environment.

Situated in the vicinity of The Myst Condo at Bukit Panjang, Zhenghua Nature Park forms a verdant screen for Central Catchment Nature Reserve. This park is the perfect place for birdwatching, with a variety of avian species present, as well as squirrels, monitor lizards, and long-tail macaques. Visitors can either wander the trails on foot or take their bikes for an enjoyable ride, with the trails offering a mix of challenging pathways and evener surfaces.

The Myst Condo offers its tenants a wide selection of amenities and activities to make the most of their stay. For those looking to explore their surroundings, there are a variety of shops, restaurants, and other services in the area that are within walking distance. Bukit Panjang Plaza is also nearby, providing access to an array of services and entertainment options, including the shopping mall, cinema, and food court. All of these services are just a few steps away from the property, making them easily accessible for the residents of The Myst Condo.

The Myst Condo is conveniently located near a plethora of parks and recreational spots. Take a stroll around Bukit Panjang Park, Chestnut Nature Park, and Zhenghua Park – each offering beautiful trails for walkers and cyclists to explore. And if you’re looking for something more adventurous, don’t forget about Bukit Panjang Swimming Complex with its Olympic-sized pool. Whatever your preference, there is something for everyone in the vicinity of the Myst Condo.

The Myst Condo boasts a prime location close to a wide variety of medical facilities. For example, the Bukit Panjang Polyclinic, situated a short distance away, features a comprehensive selection of healthcare services. Residents can also access the National University Hospital, the Sengkang Clinic, and the Tan Tock Seng Hospital with ease.

Alternatively, drivers can take the KJE from Bukit Panjang to the city centre. The Myst Condo is also conveniently located close to several Expressways, such as the North-South Expressway and the Pan-Island Expressway, which makes it easy to access the rest of Singapore.

The Myst Condo is boasts an excellent range of transportation options for its inhabitants. Its proximity to the Bukit Panjang Bus Interchange means its occupants can benefit from a variety of available buses. The developer offers a complimentary shuttle service to the Bukit Panjang Downtown MRT station, whilst the KJE is an alternative route to the city centre. Furthermore, those travelling by car will find the North-South Expressway and the Pan-Island Expressway particularly beneficial in reaching other parts of Singapore.

The Myst Condo is an optimal residence for families in search of a comfortable and expedient lifestyle. With a wealth of public transportation, shopping, and recreational facilities, The Myst Condo provides the perfect living experience for those looking to take advantage of all that Bukit Panjang has to offer.

The Cashew Estate provides a tranquil rural atmosphere that appeals to nature enthusiasts and outdoor living enthusiasts alike. One of its features is the Rail Corridor, which runs from the former Tanjong Pagar Railway Station to the Kranji MRT Station. Residents interested in learning more about the Corridor can find a map of it in the upcoming projects, The Reserve Residences at Beauty World and The Botany at Dairy Farm. Additionally, the Bukit Timah Nature Reserve is a short distance away, giving Cashew Estate residents extra access to nature. With the Estate’s harmonious blend of indoor and outdoor living, those who live here will find themselves surrounded by calming green spaces and gorgeous views.

Residents of Upper Bukit Timah can enjoy a prime location that provides easy access to some of the best educational institutions in the area. A five-minute commute away is the Cashew MRT station, which lies on the Downtown line and is a short stroll from the side gate of The Myst. National University of Singapore is in close proximity, while Ngee Ann Polytechnic and Singapore Polytechnic can be reached by bus in approximately fifteen minutes. If a great schooling environment is a priority, properties located in the vicinity of MRT stations in the Cashew to Bukit Timah region are an excellent choice. Here are some of the noteworthy educational institutions located nearby:

Hillview MRT Station (DT3) provides easy access for students at the German European School and St. Francis Methodist School. The station, located along the Downtown Line, is just minutes from both schools, providing a convenient source of transportation for students and staff. This makes it easier for visitors to the school to access as well. The station provides a good connection to other MRT lines and other places of interest. This makes it an ideal point of access for students, staff and visitors of the school.

Beauty World MRT (DT5) is home to Bukit Timah Primary School, Pei Hwa Presbyterian Primary School and DIMENSIONS International College (Bukit Timah Campus). These three educational institutions offer a variety of learning experiences to the locals in this area. Bukit Timah Primary School, founded in 1959, is one of the oldest primary schools in Singapore and provides a holistic education to meet the needs of every child. Pei Hwa Presbyterian Primary School is a co-educational and Christian-based institution that follows the values of Christian faith, making sure student’s character is nurtured. Lastly, DIMENSIONS International College is a vibrant and dynamic international school which offers a holistic approach to education in a multicultural environment. All three schools are conveniently located near to Beauty World MRT (DT5) and are popular choices for the local community.

King Albert Park MRT (OTC) is located near a number of prestigious educational institutions, such as Methodist Girls’ School (Primary), Methodist Girls’ School (Secondary), Hollandse School, Swiss School, and Singapore Korean International School. These schools provide students with a great learning environment and opportunity to achieve their academic goals.

6th Avenue MRT (DT71) offers direct access to Nanyang Girls’ High School. The station is conveniently located with nearby shopping, dining, and leisure options. It is also easily accessible by bus, making it a popular choice for students, faculty and staff alike. With its close proximity to NTU, the station has become a great option for those travelling between the two universities. The station provides a great service, allowing commuters to get to their destination quickly and conveniently.

Tan Kah Kee MRT Station (DT8) is the gateway to some of Singapore’s prominent education institutions: National Junior College, Hwa Chong Institution, Hwa Chong International School and Raffles Girls’ Primary School. The station offers direct access to these institutions, providing convenient access to students, faculty and visitors. The station also features a range of retail stores, cafes and lifestyle amenities for the local community. With its close proximity to the various educational institutions, it has become a popular spot for students, parents and visitors to unwind and enjoy in the nearby neighbourhood.

Botanic Gardens MRT (DT9) is an interchange station on the Downtown Line located in the Bukit Timah area, near the National University of Singapore (NUS) Bukit Timah Campus. Connecting to the Circle Line, this station is a convenient gateway to the NUS campus and its surroundings. Nearby attractions include the Singapore Botanic Gardens and the Singapore Zoo, providing an exciting atmosphere for locals and tourists alike. In addition, the station’s nearby amenities include supermarkets, shopping malls and a variety of food and beverage options.

Newton MRT (DT10) is located near Anglo Chinese School (Barker Road). This station is a popular transit stop for commuters, with the nearby school situated close by. It is easily accessible by bus and other forms of public transportation. The station is also just a short walk away from the school grounds, making it convenient for students, parents and staff alike. With its proximity to the school and easy access to public transit, this station is an ideal way for people to get to and from the school with ease.
and many more. All these places are only a few minutes away from The Myst Condo and they provide a wonderful shopping experience. Living in this luxury condo near to shopping centres has its advantages, such as convenience and accessibility to a wide selection of items. Residents at The Myst Condo have the best of both worlds; they have access to a variety of amenities and shopping options all within easy reach.

Living in a city apartment near a shopping center is an advantage that cannot be overstated. Residents of The Myst Condo in Bukit Panjang near the Cashew MRT Station can easily access the many shopping centres that the area offers for all their needs and wants. With a wide range of amenities, food options and products, the convenience and ease of shopping at these centres, just minutes away from The Myst Condo, provides a great experience for residents. In addition to having access to a larger selection of products than smaller stores, shopping centres offer discounts, better prices and other benefits that cannot be found elsewhere.

Moreover, with the array of activities available, such as movies and snacks, that can be enjoyed with family and friends, these shopping centres located near to The Myst Condo are an ideal destination. Bukit Panjang Plaza, Fajar Shopping Centre, Hillion Mall, Junction 10, Bukit Panjang Hawker Centre, Cashew Village, Senja Cashew Community Centre, and Cashew Heights Shopping Centre are some of the places offering a pleasant shopping experience that are only a few minutes away from The Myst Condo. Living in this luxury condominium near to shopping centres has its advantages, such as convenience and accessibility to a wide selection of items, allowing residents to have the best of both worlds.

The Myst Condo by CDL is an iconic luxury development located in the center of Bukit Timah in Singapore. Surrounded by lush greenery and nature reserves, it is an ideal destination for those who wish to escape the hustle and bustle of the city. Easily accessible from the city, it is located on Upper Bukit Timah Road. With its tranquil and picturesque setting, The Myst Condo by CDL provides the perfect opportunity to unwind and relax.

The Myst Condo is also a security-focused building, with CCTV cameras and lasers in place to protect residents.

The Myst Condo by CDL promises luxurious living with a suite of modern facilities and amenities. Residents can enjoy the convenience of having various shopping, dining and entertainment destinations at their fingertips. Facilities such as a fully-equipped gym, swimming pool, Jacuzzi and yoga pavilion, provide the ultimate space for relaxation and rejuvenation. Additional features like a children’s play area, BBQ pits, and landscaped gardens further elevate the living experience. Security is also a priority at The Myst Condo, with CCTV cameras and lasers to protect residents around the clock.

The Myst Condo by CDL is conveniently located near to a variety of nature reserves and parks. Residents of this condominium are within walking distance to the Singapore Botanic Gardens and Bukit Timah Nature Reserve, allowing them to easily explore the great outdoors. These areas are ideal for recreational activities such as hiking, biking, and bird watching. The Myst Condo by CDL provides its residents with easy access to the best of nature, making it the perfect place to enjoy nature’s beauty.

The Myst Condo by CDL is the ideal option for those looking for a blend of luxurious living and tranquil settings. Located near a number of nature reserves and parks, such as the Bukit Batok Nature Park, Bukit Timah Nature Reserve, Dairy Farm Nature Park, Hindhede Nature Park, MacRitchie Reservoir Park, Singapore Quarry, Singapore Botanic Gardens, Bukit Panjang Park Connector, Bukit Batok Town Park and Bukit Timah Hill Park Connector, it is perfectly situated for those who wish to experience both the city and the great outdoors.…

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 professionals and students alike.

Top-notch Educational Institutions

Bukit Timah is a hub for high-quality education, boasting a concentration of renowned schools and tertiary institutions. The district is home to elite primary and secondary schools like Nanyang Primary School, Marina Gardens Condo Raffles Girls’ Primary School, Methodist Girls’ School, and Hwa Chong Institution. Additionally, prestigious international schools such as the Swiss School, Hollandse School, and the Singapore Korean International School cater to the diverse needs of the expatriate community.

The area is also well-known for hosting some of Singapore’s top tertiary institutions, including the National University of Singapore (NUS) and Nanyang Technological University (NTU). This impressive array of educational institutions makes Bukit Timah an ideal location for families seeking the best education for their children.

Green Spaces and Natural Attractions

Bukit Timah is famous for its lush greenery and natural attractions, offering residents a tranquil escape from the bustling city life. The iconic Bukit Timah Nature Reserve, which houses the highest point in Singapore, is a haven for nature enthusiasts. With a variety of flora and fauna, the reserve offers a range of recreational activities like hiking, biking, and bird-watching.

Another green space worth mentioning is the Singapore Botanic Gardens, a UNESCO World Heritage Site. This sprawling garden provides a serene environment for residents to unwind, exercise or engage in recreational activities. These green spaces contribute to a healthier lifestyle and improve the overall well-being of residents.

Luxurious Residential Options

Bukit Timah offers a wide range of luxurious residential options that cater to various preferences and budgets. The area is known for its opulent landed properties, such as bungalows, semi-detached houses, and terraced houses. Additionally, several high-end condominiums and apartment complexes offer world-class amenities and facilities, such as swimming pools, gyms, and private gardens.

These upscale residences are not only well-designed but also provide a sense of exclusivity and privacy that is highly valued by their inhabitants. With its prestigious address, Bukit Timah attracts discerning homeowners who seek a premium living experience.

Vibrant Lifestyle and Dining Scene

Bukit Timah is home to a thriving lifestyle and dining scene, featuring a diverse range of restaurants, cafes, and bars. From local hawker fare at Bukit Timah Market & Food Centre to fine dining establishments like Morsels and La Petite Cuisine, residents can indulge in a gastronomic adventure that caters to all tastes and budgets.

Moreover, the district is home to various shopping malls and lifestyle destinations, such as The Grandstand, Cluny Court, and Sixth Avenue Centre. These malls offer a range of retail, dining, and entertainment options, ensuring that residents never run out of things to do or places to explore.

Recreational Facilities and Clubs

Bukit Timah offers a myriad of recreational facilities and clubs for residents to enjoy. The esteemed Singapore Island Country Club and the British Club provide a range of sports, leisure, and dining facilities for their members. Golf enthusiasts can tee off at the nearby Green Fairways Golf Course or Champions Golf Course, while horse-riding aficionados can visit the Singapore Turf Club Riding Centre for lessons and riding experiences.

For those who prefer more active pursuits, the Bukit Timah Swimming Complex and various sports centers in the vicinity provide ample opportunities to engage in physical activities and sports.

Strong Investment Potential

Owing to its prime location, excellent amenities, and prestigious reputation, properties in Bukit Timah are considered a sound investment. The district has consistently shown capital appreciation and strong rental demand, making it an attractive option for both homebuyers and investors.


In conclusion, the advantages of staying in Bukit Timah are manifold. Its prime location, top-notch educational institutions, natural attractions, luxurious residential options, vibrant lifestyle, recreational facilities, and strong investment potential make it one of the most desirable districts in Singapore. For those who can afford the premium price tag, living Luminar Grand in Bukit Timah offers an unparalleled experience that combines comfort, luxury, and convenience, making it a truly exceptional place to call home.…

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.


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 estate company with a strong presence in Singapore and a growing global footprint.


CDL’s portfolio includes residential properties, such as condominiums, landed homes, and executive condominiums, as well as commercial and industrial properties, including office buildings, business parks, and warehouses. The company has also developed several integrated developments, such as South Beach, a mixed-use development that comprises office, retail, residential, and hotel components.

CDL has a strong presence in the hospitality sector, with a portfolio of over 100 hotels and serviced residences in more than 20 countries. The company owns and manages hotels under various brands, including Millennium Hotels and Resorts, Copthorne Hotels, and M Hotel. CDL has also ventured into the luxury hospitality segment, with the launch of its first ultra-luxury hotel, The Residence at Singapore Recreation Club, in 2019.


CDL is committed to sustainable development and has implemented several initiatives to reduce its environmental footprint. The company has set a target to achieve net-zero carbon emissions by 2050 and has launched several initiatives to achieve this goal. CDL has invested in renewable energy, such as solar panels and energy-efficient lighting, in its properties. The company has also implemented green building features, such as rainwater harvesting systems and green roofs, in its developments.

In 2017, CDL launched its Eco-Office programme, which is a certification scheme that encourages tenants to adopt environmentally sustainable practices in their offices. The programme has been implemented in several of CDL’s office buildings, and tenants who achieve the certification are eligible for rental rebates.

CDL is also committed to social sustainability and has implemented several community outreach initiatives. The company has launched the CDL Future Value 2030 sustainability blueprint, which outlines its commitment to creating a positive impact on the community. CDL has also launched several initiatives to support the arts, education, and social welfare, such as the CDL Singapore Young Photographer Award and the CDL-Tampines West Community Development and Welfare Fund.

Financial Performance

CDL has a strong financial track record, with a solid balance sheet and consistent profitability. In 2020, the company reported a revenue of SGD 2.5 billion and a net profit of SGD 318 million. CDL’s total assets were valued at SGD 23.5 billion as of December 2020, and the company has a strong liquidity position with cash and cash equivalents of SGD 3.7 billion.

CDL’s strong financial position has allowed the company to pursue growth opportunities, both in Singapore and globally. In recent years, CDL has expanded its global footprint through acquisitions and partnerships. In 2019, the company entered into a joint venture with China’s leading property developer, Vanke, to develop a residential project in Singapore. CDL also acquired a 51% stake in Sincere Property Group, a real estate company in China, to expand its presence in the country.

CDL’s financial strength has also enabled the company to weather the challenges posed by the COVID-19 pandemic. Despite the pandemic’s impact on the global economy, CDL reported a net profit of SGD 141.2 million for the first half of 2021, a significant improvement compared to the same period in 2020.


CDL is led by a team of experienced executives, with a strong track record in the real estate industry. Mr. Kwek Leng Beng, the Executive Chairman of CDL, has been with the company for over 40 years and has played a key role in its growth and expansion. Mr. Sherman Kwek, the Group CEO of CDL, is a third-generation member of the Kwek family and has been with the company for over a decade.

Under their leadership, CDL has received several accolades for its performance and sustainability efforts. In 2020, CDL was ranked as the top real estate company in Singapore and the fourth most sustainable company in Asia by Corporate Knights, a global sustainability research firm.


CDL is a leading real estate company in Singapore, with a diversified portfolio and a global presence. The company’s commitment to sustainability, strong financial position, and experienced leadership team have enabled it to pursue growth opportunities and weather the challenges posed by the COVID-19 pandemic.

CDL’s focus on sustainable development and community outreach initiatives also demonstrates its commitment to creating a positive impact on the community. As CDL continues to expand its operations globally, it is well-positioned to capitalize on opportunities in the real estate market and continue its growth trajectory in the years ahead.…

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 an attractive option for investors who are looking for a stable, long-term investment that can provide them with significant returns over time.

Good Location

Another advantage of investing in property in Bukit Panjang is the town’s strategic location. Bukit Panjang is well-connected to other parts of Singapore, with easy access to major highways and public transportation options. This makes it a convenient location for residents who work or study in other parts of the city.

Furthermore, Bukit Panjang is located close to several important business districts and commercial areas, such as Jurong East and Woodlands. This can make it an attractive location for businesses and investors who are looking to tap into Singapore’s thriving economy.

Affordable Prices

Compared to other parts of Singapore, property prices in Bukit Panjang are relatively affordable. This can make it an attractive option for investors who are looking to enter the market at a lower cost. Moreover, the low entry prices can provide investors with a good opportunity to acquire multiple properties in the area and diversify their portfolio.

Despite the affordable prices, the property market in Bukit Panjang is still relatively stable, with property prices that have been steadily increasing over the years. This can provide investors with a good return on investment in the long term.

Potential for Capital Appreciation

As Bukit Panjang continues to develop and grow, there is significant potential for properties in the area to appreciate in value over time. With the government’s ongoing plans to develop the town, including the development of new residential and commercial projects, property prices in Bukit Panjang are likely to continue rising.

Moreover, the town’s location and connectivity make it an attractive location for businesses and investors, which can further drive up property prices in the area.

Amenities and Facilities

Bukit Panjang has a range of amenities and facilities, including shopping malls, schools, and recreational areas. This can make it an attractive location for families and can also increase the rental demand for properties in the area.

Some of the key amenities in Bukit Panjang include the Bukit Panjang Plaza shopping mall, the Hillion Mall, and the Bukit Panjang Hawker Centre. The town is also home to several good schools, including the Assumption Pathway School, Fajar Secondary School, and Beacon Primary School.

Moreover, Bukit Panjang has several recreational areas and green spaces, such as the Bukit Panjang Park and the Dairy Farm Nature Park. These amenities can make it an attractive location for families who are looking for a safe, convenient, and family-friendly environment.


In conclusion, property investment in Bukit Panjang can be an attractive option for investors who are looking for a stable, long-term investment that can provide them with significant returns over time. With its strong rental demand, strategic location, affordable prices, potential for capital appreciation, and range of amenities and facilities, Bukit Panjang offers investors a range of advantages that can make it a good investment destination.

However, as with any investment, it’s important to do your research and seek professional advice before making any decisions. Investors should carefully evaluate the current market conditions, conduct thorough due diligence on properties, and develop a sound investment strategy that takes into account their financial goals, risk tolerance, and investment horizon.

Moreover, investors should also keep in mind the potential risks associated with property investment, such as fluctuations in property prices, changes in government policies and regulations, Marina Gardens Condo and unexpected maintenance or repair costs. By staying informed and proactive, investors can mitigate these risks and maximize the potential benefits of their investment in Bukit Panjang.

In summary, property investment in Bukit Panjang offers a range of advantages for investors who are looking for a stable, long-term investment that can provide them with significant returns over time. With its strong rental demand, strategic location, affordable prices, potential for capital appreciation, and range of amenities and facilities, Bukit Panjang is a promising investment destination that is well worth considering for investors who are looking to grow their wealth through property investment.…