Read related post: Eleven @ Holland sold out of 48 apartments; seven more are up for bid

Eleven @ Holland sold out of 48 apartments; seven more are up for bid

JLL acting as the sole consultant to sell Strategic Hospitality Holdings, has concluded an acquisition of several hospitality properties with a value of US$106.1 million ($142.55 million). The sale includes three hotels properties located in Southeast Asia – Pullman Jakarta Central Park The Ibis Saigon South and Capri by Fraser Both are located within Ho Chi Minh City. The

“Investors are very confident about the foundations of Southeast Asia’s hotel sector. Selling this distinctive hotel portfolio not only demonstrates the revival of deal activity across Southeast Asia, but also helps to boost the steady revival of cash flows in hotels in the region.” states Julien Naouri, senior vice president, Investment Sales, Asia Pacific, JLL Hotels & Hospitality Group.

According to JLL according to JLL, the Pullman Jakarta Central Park and ibis Saigon South are being sold to benefit Accor Management under management of the Pullman and ibis brand names, respectively. The Capri by Fraser was transferred without vacant possession.

“Despite macroeconomic challenges this project completed in less than six months from debut,” says Nihat Ercan, Chief Executive Officer Asia Pacific, JLL Hotels & Hospitality Group.

Check this article: The Temple Street shophouse is for sale for $20 million

The Temple Street shophouse is for sale for $20 million

Within the Singapore Green Plan 2030, the Land Transport Authority (LTA) has launched an extensive electric car (EV) campaign to cut the carbon emissions from land transport by up to up to 80% before 2050. The initiatives include the establishment of the 60,000 EV charging points, changing half of the taxi and bus fleet to electric vehicles by 2030. encouraging EV adoption to ensure that all vehicles are powered by cleaner energy in 2040.

However, there’s likely to be an oversupply of petrol kiosks within the coming 20-30 years, and many of them eventually being removed since petrol is becoming less popular to power vehicles. As these stations are decommissioned small parcels of land will be accessible for other applications. What can these plots be reused for when the time is near?

This day may come sooner than later. Electric (non-hybrid) automobiles in Singapore make up less than one% of the total vehicle population by 2022. Within the total vehicle populace, EVs make up 1%. However it is worth noting that they make up a significant portion of the total car population. EV number of people during the past five years was exponential, growing by an astounding 103% year-over-year, from 349 at the close in 2017 and 707 at the end of 2018.

In the year 2019 the rate of growth was similar to that of around 89% year-on-year, prior to the outbreak of Covid-19 in 2020 which saw adoption drop to about 5% per year. But as the Covid-19 pandemic decreased and the population of EVs grew by 166% in 2021% by 2021, and up to 145% for 2022 (see the chart entitled “Vehicle populations of Singapore”).

If the rate of growth seen in the past five years is sustained and the rate of adoption increases, the number of EVs will increase by a factor of two each year (at an accelerated 100% increase) thanks to the backing of the government, and only hindered in part by Certificate of Entitlement (COE) annual quotas. If this pace continues over in the coming five years, amount of EVs in Singapore will be fifty% of the total number of vehicles in 2030.

As EVs become mainstream and mainstream, electric carmaker Tesla contracted to lease a building in Toa Payoh-Lorong-8 in Singapore to house its showroom along with its corporate office as well as service center. As the country was in the midst of the epidemic, Hyundai announced the development of a manufacturing facility for EVs in Singapore which will be operational in the first quarter of 2023. At a cost of $400 million it is estimated that the Hyundai Motor Group Innovation Centre set to produce 30,000 vehicles annually by 2025. between 5,000 and 6,000 electric vehicles to be available locally.

Petroleum stations located in Singapore
Based on data taken from Sgcarmart and petrol station websites as well as other resources, it’s estimated that there would be more than 180 petrol stations within Singapore in 2022. Of these, around 56% on private land, and the remainder of 44% allotted by different government agencies. Lease tenures between 10 and 99 years. The majority of the land leased by government agencies to be used for petrol station usage typically come with leases for 30 years.

HDB held more than 50 land tenders to be used for gasoline station usage between 1992 and 2020. In the average, the sites was 22,000 square feet. Although 22,000 sq ft isn’t much but the total area of 180 stations throughout Singapore covers approximately four million square feet of land.

Even if just 50 percent of all petrol station in Singapore are defunct in the near future This means that around 2 million square feet of area could be repurposed.

The majority of fuel stations located in Singapore have leases that are 31 years old or less (45%) or freehold (43%). A few of them have 99-year leases, or 999-year leases. About 5% of gasoline stations of Singapore are not in possession of tenures at the date of this article (see the chart entitled, “Estimated breakdown of land tenures for gasoline stations located in Singapore”).

Of the petrol stations located situated on private land large majority (77%), or approximately 80 petrol stations are located on freehold parcels. The land plots that average 22,000 square feet are tiny, and have little development potential economically without a merger with adjacent plots.

As EVs become the primary mode of transportation on Singapore roads What alternatives and best ways to utilize these stations? sites? The Boston Consulting Group study highlighted that as high as the 80% in petrol station sites may not be profitable in regions in which EVs become the main mode of transportation for cars.

Beyond the conventional assessment of value in terms of money landowners must now think about the value of environmental and social capital particularly in light of the current emphasis on social, environmental and governance.

Battery swapping, EV charging stations
The most obvious alternative to petrol stations is charging stations, in which the purpose is similarthat is, they are similar to fuel-powered vehicles at a specially-designed facility. Based on various factors, such as the car’s model and battery capacity, a rapid charge could take around 30 minutes, whereas slow charges could last for at least four hours. Parking lots, both public and private, have this potential as many are setting up and/or accommodating charging stations.

So, a specially designed charging station rather than the traditional petrol station is not feasible due to the length of time needed to charge regardless of whether the facility has other amenities that can keep users entertained while their vehicles are charged. It is highly unlikely that charging stations located at petrol stations are able to be competitive with HDB carparks or private condo carparks as well as land-locked homes as the former two providing more convenience against charging times currently in place.

Another option is the EV battery swapping stations. Although they aren’t yet widely used, Chinese electric carmaker Nio has come up with Nio Power Swap Nio Power Swap, which is an automated station will swap the battery of an old EV to a completely charged battery in just five minutes. This is similar to the pumping of a full tank of petrol in an internal combustion engine vehicle. This is a way to think of it. Nio offers the EV and leases the battery through the purchase of a subscription.

To be a viable option for being widely adopted, the system must work on nearly all EVs equipped with standardised batteries. At present, EV makers are employing various models for swapping batteries.

It’s not surprising that battery swapping is being trialed for delivery trucks in Singapore. Cycle & Carriage Singapore is cooperating with the online food delivery company Foodpanda to test electric motorbikes made by Gogoro, an Taiwanese company that pioneered the concept of battery swapping on two-wheelers. The electric scooters don’t have charge-down time due to the batteries that are removable and can swap out in about six minutes.

Fusion with adjacent sites
Another alternative for old-fashioned petrol stations is to combine them with nearby sites. As per the Singapore Land Authority, plots not suitable for development independent due to the small size of land or irregular shape of land could be sold as leftover land.

If the circumstances warrant the government could permit or even require developers to buy a remnant parcel of land, and then combine it with land owned by private owners since the combination can increase the practical and economic value of the land and the neighborhood. Land tenure for the remaining land will be tied to the adjacent private land.

The areas which petrol stations usually have are tiny. They could therefore be declared remnant land when the lease is about to expire and if the use of an petrol station ceases together with adjacent parcels, and then sold through an auction exercise with interested purchasers.

For instance the land tenure of that petrol station site situated in Ang Mo Kio Avenue 3 ended at the end of May in 2023. The government could declare the station’s site as land that is deemed to be remnant and mix it with some of the low-rise factories located in the area which could be obsolete in the near future. Then, the amalgamated parcel for auction.

With the proposed Cross Island Line and the adjacent Tavistock MRT Station becoming operational in 2030, the newly amalgamated site can be utilized in enhancing the value of both human and economic in the area.

Another example is the petrol station on 355 Commonwealth Avenue, which will expire in 2025. It is located at the intersection between Commonwealth Avenue and Stirling Road The station is located in one of the top HDB properties in Singapore. It is possible to merge with the older HDB blocks within the immediate vicinity if the HDB estates become obsolete.

Social value
The suggestions mentioned above could either aim to substitute the purpose-built petrol station by one which serves the same purpose serving electric vehicles or improve the area by recycling and redevelopment.

However, there are a variety of possibilities and possibilities for certain sites to be used for purposes that may not bring the greatest economic value but rather provide benefits to the community and social.

They could be in the shape of senior’s activity centres, community centres, or aid centres for groups that are marginalized like foreign workers and families that are not financially secure, as well as foreign domestic workers. Or these sites could be transformed into open spaces for everyone to take advantage of.

A few of these stations could be located on land that is larger than 22,000 sq feet with more latitude to allow for more diversification of development.

Flex space: Invasion of pods
The pods and space that are flexible make one of the most flexible platforms for harnessing the dynamic repurposing process that can help to offset market imbalances from time period.

It is not difficult to integrate the flexibility of today’s technological age with the real estate concept of co-working, living in co-living and other human-related activities. Containers for shipping, buses with double decks and other mobile structures can be easily converted into pods to meet a variety of human, lodging and commercial requirements without the need to consume more natural materials from the earth.

These could be put up on areas previously used by fuel stations. Although every parcel won’t likely be big enough to create a large amount of human or commercial activity The various locations scattered across Singapore could lead to a variety of possibilities that can be found in different neighborhoods along heavily travelled main roads.

There is evidence for it. A luxury boutique hotel named The Garden Pod was opened in September 2022 in Gardens by the Bay. It has hotel suites constructed from shipping containers and fitted with solar panels on the roof which provide the suites with up to the 80% of the suite’s power requirements.

Similar to that, 20 double-decker buses are set to be converted into a resort, which is being known as The Bus Resort located at Changi Village by end-2023. An additional example of hotel usage can be seen in Tiny Away Escape @ Lazarus Island which is run through Sentosa Development Corp. Five tiny homes, measuring between 150 and 170 square feet are being built in the month of May 2023 to accommodate visitors to Lazarus Island as a low-carbon high-intensity, low-intensity recreational option for the increasing number of environmentally conscious travelers.

The flexibility of pods could be used to create office spaces. A good illustration can be seen in the law center located at Tian De Temple located in Hougang which is run through Pro Bono SG. The clinic, which is free of charge, was established in January 2023 and is run from an office in a container on temple grounds.

Additionally an site located at 30 Cosford Road in Changi will transform to the F&B container park, which covers 38,000 square feet, and 13 containers available for F&B operators to lease. The $3 million investment developed by developer Tee Tree Investments will accommodate 350 people both in the outdoor and indoor areas. It is scheduled to be complete at the end of 2023.

Other possibilities are gyms, self-study centers as well as self-storage space as well as e-commerce collection points as well as small cafes and pubs. The list of possibilities is only limited by imagination.

Can these concepts not be applied to the land left from petrol station sites in the near future especially near tourist destinations and natural areas or employment centers, as well as residential areas? These abandoned petrol stations in the near future could provide many sites which allow for flexibleness as Singapore strives to rethink designing, redesigning, and reducing recycling, and reusing to create an economy that is circular.

Despite their small dimensions, the repurposing of petrol stations gives Singapore the possibility of a future explosion of sites with a variety of options and the possibility of a creative readaptation. They can be found in creating charging infrastructures for electric vehicles or amalgamation, and repurposing them to meet human or social reasons or creating flexible structures.

As part of the process of readingaptation the use of a format like containers or pods — in which the property could be easily transformed to meet the new demands of humanity with the most minimal amount of material consumption (that usually happens during the time that the property is renovated by the building process) could be the perfect icing in the current era of sustainability.

Read this: The Berth by the Cove duplex penthouse is for sale at $4.8 million

The Berth by the Cove duplex penthouse is for sale at $4.8 million

Far East Organization has won the Federation Internationale of Administrateurs de Bien-Conselis and Real Estate Agents (FIABCI) Gold Award at the World Prix d’Excellence Awards 2023 in the category of hotels. The collection of hotels located in Sentosa that won this year’s award comprises The Barracks Hotel, Oasia Resort Sentosa, The Outpost Hotel The Village Hotel, and the Outpost Hotel. Hotel Sentosa.

“By knowing that each traveler’s particular needs are different We were compelled to design a range of hotels that are suitable and attractive to them,” says Marc Boey the head of property services and chief operating officer at Far East International.

It is the Far Eastern Organization’s fourteenth Gold award during the awards ceremony of the FIABCI. The previous year, a Mixed-use commercial developments situated in Singapore, Woods Square was awarded the award in the Office category.

The hotels are located located along Artillery Avenue in the Palawan region of Sentosa. The closeness of each hotel creates an integrated development that reaps benefits from synergies that are mutually beneficial across four hotels.

The 606 room Village Hotel Sentosa is designed for groups of families or groups seeking an escape for a weekend. The majority of the guests’ experiences are centered around families and children. Outpost Hotel has 193 rooms. Outpost Hotel can be described as the only hotel on the island which is exclusively for adults over the age of 16. The hotel caters to independent travelers as well as staycationers, young couples and other independent travellers.

The 191-key Oasia Resort Sentosa has the modern and traditional wings. The hotel’s focus is on enhancing the individual wellness journey of each guest and experience with free mindfulness and fitness activities. Then, The Barracks Hotel Sentosa is a luxury hotel that is housed in two reconstructed colonial buildings that date back to 1904.

Grand Dunman pdf

On May 30th, HDB launched 5,495 Built-to-Order (BTO) flats across five areas which include Bedok, Kallang, Serangoon, Tengah and Whampoa. The area with the highest applications was Serangoon with over nine applicants for each four-room flat, and more than 13 applicants for 5-room flats according to Lee Sze Teck, senior director of research at Huttons Asia.

Lee believes the success is due to the slack demand, since there isn’t a BTO release within Serangoon for more than 10 years. “First-timer families that want to be close to their parents were eager to get this unique BTO,” he says.

Grand Dunman pdf showcase a once-in-a-lifetime opportunity for homeowners and investors to acquire property in a quintessential environment.

It is believed that the popularity of five-room flats in Serangoon is due to their limited availability in estates that are mature Lee adds Lee. “A 5-room apartment provides space to work in a hybrid manner and also an expanding family.” Thus, the 5-room flats in Bedok were a popular application rate as well.

The two Tengah BTOs had more than 5,000 applications for 3four and five-room flats. According to Lee the number is much greater that the previous November 2022 BTO exercise, where 2,077 units were available to buyers on Garden Waterfront I and II in Tengah.

The increased quantity of applicants applying for BTO apartment in Tengah this month could have something to do with the close proximity to the planned Anglo-Chinese school (Primary) that was reported to move to Barker Road to Tengah in February. Two new BTOs in Tengah that were launched in May are close to Tengah Town, says Lee.

The Housing Board on Tuesday released details of six projects it will start in August. Three are located in Kallang-Whampoa. The other three projects are three projects within Queenstown, Choa Chu Kang and Tengah.

The sites located at Jalan Tenteram in Whampoa and Kallang Airport Way/Geylang have had their land usage updated by URA in the last few days.

In Whampoa The two BTO projects that will be launched in August are located at Jalan Rajah and Jalan Tenteram. Both BTOs are expected to be 40 stories in height and will provide those living in high-floor apartments of uninterrupted views of the surrounding area. Lee believes they will have large numbers of applications.

The BTO located at Geylang Road/Kallang Airport Way lies within walking distance from Kallang Airport Way/Geylang Road. It is also within walking distance of Kallang MRT station on the East-West Line and the Singapore Sports Hub. The BTO is likely to be classified as a prime in the public housing (PLH) project. This means that it could see an identical response similar to that of the Kallang Horizon BTO launch last November, which had an applicant rate of 6.4 for first-time applicants.

The old Tanglin Halt flats sold via Selective En Bloc Redevelopment Scheme (SERS) were destroyed to prepare for the forthcoming BTO located at Queensway. Huttons’ Lee reckons it could be rolled out as the equivalent of a PLH since the BTO is situated by Ulu Pandan and Ghim Moh that are classified as PLH areas.

In addition, Lee notes that several flats located at Blk 50 Commonwealth Road have changed hands for resales of more than $1 million. The government has rezoned an site in the area for residential and commercial usage, which is expected to significantly enhance the amenities available in the region.

The most anticipated project for this November’s BTO exercise is located in the neighbourhood of Bishan-SinMing. “This BTO may be the first in an established estate that was constructed prior to the release,” says Lee. The previous BTO to be launched within the region was the 945 unit Sin Ming Court, completed in 1988.

The estimated price for the Bishan Sin Ming BTO is likely to be between $525,000 to $650,000 for 4-room apartments, Lee reckons. Due to that there is a “pent-up need” and the shorter time to complete Lee expects a substantial number of applicants of these apartments.

Grand Dunman floor plan

Waterfall Gardens topped the list of condos that reached new highs in psf in the period between May 19 and 23. The reason for this is the sale of a 1,830 square foot three-bedroom apartment located on the fifth floor, with a price of $3.98 millions on May 19, which amounts to $2,175 per sq ft. The price is more than the previous record of $2,150 per square foot, which was recorded in November 2022. A four-bedroom penthouse of 4,037 sq feet sold for $8.68 million.

Grand Dunman floor plan is expected to house 1,040 residential units and a maximum building height of about 64 metres

The buyer in the transaction on May 19 had bought the property at the end of August in August 2015 for $2.75 million ($1,503 per square foot). This is an $1.23 million (45%) gain on the deal.

Waterfall Gardens is a freehold 132-unit development situated in Farrer Road in District 10. The development was created through MCL Land, it was completed in the year 2010. It consists of three towers that span 12 stories each. The residents are comprised of threeand four-bedroom units that range from 1,829 to 2,583 square feet. There are also 12 penthouses that range from 3,380 to 4,844 square feet.

Bartley Ridge is another condo that set a new psf record when a 1,173 sq ft unit located on 15th Floor sold to the tune of $2.2 million ($1,875 per square foot) on the 23rd of May. The purchase of the three-bedroom plus-study apartment is higher than that previous high of $1843 psf that was set in February, when a 1,302 sq. ft apartment located on the fifth floor was purchased for $2.4 million.

Bartley Ridge is an apartment located situated on Mount Vernon Road, off Bartley Road in District 13 that was completed in 2016. It was developed jointly through City Developments, Hong Leong Holdings and TID (a joint venture of Hong Leong Group and Mitsui Fudosan) The 99-year leasehold condominium comprises 868 units distributed over nine towers of residential. The units comprise one-to-four-bedroom units between 441 to 2,121 square feet.

Affinity at Serangoon has also set a new PSF-price record in the time in the review. This comes with the sub-sale of a two-bedroom-plus-study unit measuring 732 sq ft for $1.35 million ($1,844 psf) on May 22. This price is more than the previous record established in August 2022 through an auction of 624 square foot property for $1.15 million, or $1,842 per square foot.

Affinity Serangoon is an 99-year leasehold condo situated on Serangoon North Avenue 1 in District 19. The 1,052-unit development is being developed by a group of local developers that is led by Oxley Holdings that includes KSH Holdings, SLB Development and Apricot Capital. It’s a redevelopment project in Serangoon Ville, a former HUDC (Housing and Urban Development Co.) estate. It is comprised of one-to four-bedroom homes that range from 474 to 1,711 sq feet, as well as 10 penthouses ranging from 1,550 to 1,701 square feet. Also, there are 40 townhouses that range from 2,056 to 2,347 sq feet.

The project was announced for sale in June of 2018 and has witnessed 10,44 (99%) units taken up for sale at an average of $1,494 per square foot, according to caveats that were lodged. The project is scheduled to be completed in the coming calendar year Affinity at Serangoon has witnessed a rise in sub-sales transactions. Since the beginning of the year there are 23 sales within the development. The units sold range between 474 and 1,152 sq feet, and prices range from $780,000 to $1.97 million on a per-unit basis that is between $1,635 and $1,844 based on a psf-price basis.

No new lows for the psf were recorded during the period of the review.

Grand Dunman price

The Singapore-based investment company, Prima Asset Management, has bought a commercial freehold property located in Bangkok, Thailand. The press release that announces the acquisition, Prime says that its VCC Investment Fund, managed by First Degree Global Asset Management was instrumental in facilitating the purchase of the real property asset. Capital Solution Asia, a Bangkok firm based in Thailand was enlisted as an advisor on local due diligence in real estate and the management of transactions.

Grand Dunman price bid of $1.284 billion, equivalent to $1,350 per square feet per plot ratio (psf ppr).

Although the firm’s investment has not disclosed its price for the property but the property is believed to have a gross developing value that is THB1.25 billion ($48.33 million). It is situated at No. 7 and 7/1 on Ramkhamheang Road in Saphansung Subdistrict It is comprised of around 250,000 square feet of office, showroom and service areas as well as delivery spaces. The property is lease by Tesla Motors through a triple net lease.

“The strategic purchase of this premier property does not just signal our commitment to the growing South East Asian real estate market, but also puts Prima at the forefront of the expanding EV market” claims Prima President Ben Hall. Other parties who backed the deal include a consortium of family offices, institutional investors and high-net worth individuals such as Baksh Capital Fraxtor as well as Thakral Corp.

Prima declares that it’s preparing to purchase an additional $100 to $250 million worth from real estate investments in the three years to come. This is a result of the encouragement received from its investor base, made up of family offices and wealthy individuals, who encourage them to look for the possibility of a pipeline with similar offers’.

Prima has announced plans to improve its Bangkok asset to increase the value of the property over time and also meet Tesla’s operational demands. Prima claims it is looking for similar value-add agreements to help ease the macroeconomic risks, such as the cost of inflation, debt and construction costs.

Grand Dunman showflat location

This mortgagee-related sale for 48 strata-titled semi-detached homes at Eleven@ Holland was a success, with the units sold out the moment viewings started on June 3rd. The houses were constructed through Clydesbuilt (Holland Link) and form part of a development that is strata-titled that includes 82 units located at Holland Link, situated off Old Holland Road in District 10’s prime area. This development completed its construction in the year 2014, and comes with the leasehold land tenure of 99 years since December 10, 2010.

According to the sole PropNex Realty, the sole agent PropNex Realty, 48 cheques were collected. Based on the unit cost of $1,000 per square foot and higher Absolute prices were ranging between $3.714 million up to $4.406 million. The transactions are still awaiting the mortgagee’s approval as well as the buyers’ signing of the purchase and sales agreement.

Grand Dunman showflat location is a few minutes’ drive from the Central Business District (CBD).

PropNex director of collective and investment sales Tracy Goh estimates that more than 100 potential buyers toured the properties on the 3rd of June on the day that they were made available to the public for inspection.

Due to the huge interest in the semi-detached strata-titled houses located at Eleven @ Holland Eleven @ Holland, an additional seven units within the development have been put up to the market for sale. The seller comes from an association called the Char Yong (Dabu) Association which is one of the oldest Chinese clan associations.

Char Yong (Dabu) Association bought seven units it purchased from Fong Yun Thai Association, an umbrella body that covers three Hakka clans including Char Yong (Dabu) Association.

Fong Yun Thai Association owned the land Eleven @ Holland sits on. One of the terms of their agreement in 2010 with developer Clydesbuilt (Holland Link) in 2010 was that Fong Yun Thai Association would be the owner of 25 units in the project that was finished, while developers holding the remaining 57 units. developer having the remainder of 57 units.

The seven semi-detached homes are scattered throughout the development. They’re all three stories with an addition of an attic, as well as basement. They are equipped with five bedrooms and five bathrooms, with an average strata area of 3,735 square feet. The prices of these apartments are a little more expensive, ranging from $3.9 million up to $4 million, or $1,044 per square foot to $1,071 per square foot.

Six of the units are to be auctioned off together with current tenancies, and the seventh being sold with vacant possession. One of the units has a monthly rent of $8,800, the other units are priced between $10,000 and $12,300. The tenancy expiry dates starting in August 2024 until May 2026.

These properties will be offered for auction that will close at noon on June 12. The winner of the tender will be the one who submits the highest bid that is accepted by the seller, Char Yong (Dabu) Association.

Grand Dunman Dunman Road

A shophouse that is freehold at 22 Temple Street in Chinatown is up for sale for sale at $20 million. According to a news release to announce the sale, marketing agency Savills Singapore says that the three-storey property is situated on a 1,276 square foot lot with a floor space of 3,423 square feet. The value is $5,843 per square foot of floor area.

Grand Dunman Dunman Road GLS residence is a once-in-a-lifetime opportunity for homeowners and investors to acquire property in a quintessential environment.

The shophouse is a commercial zone according to the most recent master plan. The property is well-designed and well-organized arrangement. It is fully occupied by an pawn shop on two floors and a digital marketing firm occupies the 3rd floor. The property is situated near to Chinatown MRT Station. Chinatown MRT Interchange Station on the Downtown and North-East Lines as well as Maxwell Station on the Thomson-East Coast Line.

“The shops’ ownership on Temple Street is very tightly held as a lot of shophouse owners rely on the premises to run their businesses. A majority of the shops that line Temple Street have private leases that have been carved out and, as a result, they have an extremely short lease balance,” says Yap Hui Yee the executive director of capital markets and investment sales for Savills Singapore.

She also says she believes that the selling of the 22 Temple Street is “an exciting and unique opportunity for both investors and those who are looking for a prime commercial space within Chinatown”. Foreigners and residents can purchase the commercial shophouse for free; there is no buyer or stamp duty on the seller is required. The sale, which is an open expression of interest closing date is July 12.

Grand Dunman architect

A five-bedroom duplex penthouse located at the Berth by the Cove will be auctioned off at the Singapore Realtors Inc’s (SRI) auction on June 22. A private sale by the owner, the 3,315 square feet unit is listed with an estimated price that is $4.8 million, translating into $1,448 per square foot. In accordance with the property description, the property could be purchased with a tenancy which is scheduled that expires in November.

Grand Dunman architect tender for Grand Dunman, a Government Land Sales (GLS) site, has closed after SingHaiyi Group submitted the winning bid of $1.284 billion.

The lower level of the apartment has an elevator lobby with a private entrance which leads to the living and dining spaces. The kitchen, which is enclosed and includes a utility area that is connected to the dining space. Four bedrooms are located on the lower level: two are ensuite, and the other bedrooms share a common bathroom. The upper floor houses the master bedroom that has an en suite and a walk-in wardrobe as well as a 516 square foot outdoor roof terrace, which also has an in-ground pool.

The Berth by the Cove is 200-unit, 99-year leasehold condominium along Ocean Drive in Sentosa Cove The residential enclave located on Sentosa Island. The project, which was completed on the 1st of June 2006, was among a handful of condos on Ocean Drive, including The Coast at Sentosa Cove and The Oceanfront @ Sentosa Cove. Other condos with a view of the ocean situated in Sentosa Cove include Cape Royale and Seascape.

The Berth by the Cove comprises 15 low-rise units with six stories each. The common unit mix comprises two to four bedroom homes that span from 1,012 sq ft up to 2,271 sq feet. Penthouses are also available that range from 2,939 sq feet to 6,028 sq feet.

Based on URA limitations According to URA caveats, just two penthouse units changed hands over the last two decades. Other owners have hung their units after purchasing their units from the developer in 2005 and 2007. In August 2021 a 6,028 square feet penthouse was purchased for $7 million ($1,161 per square foot). A penthouse with 3,369 sq ft space was purchased at $3.75 million ($1,113 per square foot) in June of 2019.

A review of rental data from EdgeProp Singapore over the past twelve months shows that the condo is renting an average of $4.90 per sq ft each month (pm). This means that the majority of landlords can anticipate an implicit rental return of approximately 3.7%.

The rents for The Berth by the Cove have increased recently. Its median rate was $3.68 per square foot in the 1Q2022 period but it was $5.40 per square foot in 1Q2023. The rental data for the last twelve months shows that the average rent for The Berth by the Cove is $4.92 per sq ft, which is lower than its neighboring properties The Azure in Ocean Drive ($5.55 psf pm), The Coast at Sentosa Cove ($5.26 psf pm) as well as The Oceanfront @ Sentosa Cove ($5.53 per hour).

Based on the transactions of the past 12 months, the three developments also have greater price averages over The Berth by the Cove The average is around $1,628 per sq ft. Resales units at the Azure located at Ocean Drive average $1,817 psf and those at The Coast at Sentosa Cove cost around $1,791 psf and the median cost of The Oceanfront @ Sentosa Cove is $1,901 per square foot.

It is located in the Berth by the Cove is close to F&B stores and retail options in Quayside Isle as well as One Degree 15 Marina Sentosa Cove. Other facilities for leisure and recreation close by include Resorts World Sentosa Tanjong Golf Course, and malls such as VivoCity as well as Harbourfront Centre. The CBD is just a 10 minute drive from the CBD.

Grand Dunman launch date

GuocoLand announced that the opening of Guoco Central Park, its most recent project located in Chongqing, China, saw an impressive sales rate of the 97% from the 200 units that are available in this phase. This was the initial phase of the opening of the development by GuocoLand, the developer.

Grand Dunman launch date sits in a total suite area of 25,234.3 with a Gross Maximum Area (GFA) of 88,321 square metres (sq m).

The development is comprised of low and mid-rise condominium blocks. The development pipeline includes 22 mid-rise condo units that comprise over 1,000 homes. Four of these blocks comprise comprising 200 3-bedroom apartments, ranging between 968 sq ft and 1,237 sq ft were made available in the first sale phase.

Guoco Central Park’s “stellar performance” has proven the market’s appreciation for GuocoLand as well as Guoco Central Park, which has also helped the company become more confident for coming launches.” adds Peter Lee GuocoLand’s Country managing director in China.

In within the Chongqing Liangjiang New Area, Guoco Central Park is GuocoLand’s second development in Chongqing following Guoco 18T. The most recent development is located near Chongqing Central Park and the Central Park commercial and lifestyle district. It is also located near Lujiagou Station.