Two adjoining conservation shophouses on Telok Ayer Street, with a total floor area of approximately 8,000 sq ft, are currently up for sale through an expression of interest (EOI) exercise with an indicative price of $42 million. The EOI, which is being marketed by ERA Realty Network, is set to close on Oct 17 at 3pm.Located within the highly coveted Telok Ayer Conservation Area, the shophouses at 132 and 134 Telok Ayer Street boast a 999-year leasehold tenure and a combined land area of around 2,841 sq ft. They are zoned for commercial use and present an attractive investment opportunity.The shophouses are in a prime location, just a two-minute walk from the Telok Ayer MRT Station on the Downtown Line and near the corner of Telok Ayer Street and Boon Tat Road. They are surrounded by other shophouses along Amoy Street, Ann Siang Road, Boon Tan Street, and Club Street, …
Month: September 2024
Reztrelax Partners Hks Pal Design Group Redefine Luxury Residential Interiors
Singapore’s cityscape is characterized by towering skyscrapers and cutting-edge infrastructure, showcasing its reputation as a modern metropolis. Among the highly desirable areas, condominiums offer a harmonious blend of luxury and convenience, proving attractive to both locals and foreigners alike. With state-of-the-art facilities like swimming pools, gyms, and top-notch security services, these condos elevate the standard of living and entice potential renters and buyers. From an investment standpoint, these features translate into higher rental yields and increased property values over time. For more information on Singapore projects, visit Singapore Projects.
Rezt+Relax Interior Design is thrilled to announce its latest partnership with PAL Design Group, a well-regarded interior consultancy firm based in Hong Kong. This collaboration will bring cutting-edge, refined, and luxurious design solutions to high-end residential projects in Singapore. By combining their expertise, the two firms aim to push the boundaries of modern living.
With a history dating back to …
Ceo Bioskin Mathilda Koh Pays 14155 Mil Bungalow Cove Drive
Bungalow at Sentosa Cove sold for $14.5 million (Update)Singaporean entrepreneur buys bungalow in Sentosa Cove for $14 milSHOW MORESingaporean entrepreneur buys bungalow in Sentosa Cove for $14 milSINGAPORE (EDGEPROP) – Singaporean Mathilda Koh, CEO and founder of Bioskin beauty salon chain, has just purchased a bungalow at Cove Drive in the waterfront residential enclave of Sentosa Cove.AdvertisementShe paid $14.155 million ($1,777 psf) for the property, based on a caveat lodged on September 2. According to EdgeProp Landlens, this is the most recent and one of the priciest bungalow transactions in Sentosa Cove in 2021 to date.The bungalow was built in 2011 and sits on a 99-year leasehold site of 7,968 sq ft, with a swimming pool. It has an uninterrupted view of the award-winning Sentosa Golf Club’s Tanjong Golf Course and the CBD skyline beyond. The previous owner had purchased the property for $12.5 million ($1,569 psf) in April 2012.Another …
August New Private Home Sales Drop 636 M O M Amid Absence New Launches
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Investing in a condo in the vibrant city of Singapore has emerged as a preferred option for both local and foreign investors. The country’s stable economy, sound political landscape, and excellent quality of living make it an attractive destination for real estate investments. With an abundance of opportunities in the real estate market of Singapore, condos have gained significant attention for their desirable features such as convenience, amenities, and potential for lucrative returns. If you are looking to invest in a condo in Singapore, it is important to understand the benefits, considerations, and necessary steps involved in the process. With the emergence of new condo launches, the options have widened, making it a promising investment opportunity. Let’s dive into the details to help you make an informed decision.
In August, developers in Singapore were able to sell a mere 208 new homes, excluding executive condos (ECs). This represented …
Jurong Lake District Master Developer Site Not Awarded 640 Psf Ppr Bid Deemed Too Low
CapitaLand to build retirement community in Jurong Lake DistrictDeveloper consortium splash out $536.28 mil for Jurong Lake District siteJune 2019 BTO Review: Which estate to buy in?
The Urban Redevelopment Authority (URA) has announced on September 13 that the 6.5-hectare master developer site at Jurong Lake District (JLD) has not been awarded. The site, which was launched for sale on June 22, 2023, was envisioned to be “the catalyst to kickstart the next phase of development in JLD.”
The tender for the JLD site closed on March 26, 2024, with a sole bid from a consortium of developers that submitted two concept proposals. The consortium comprised five developers – CapitaLand Group, City Developments Ltd (CDL), Frasers Property, Mitsubishi Estate Co. and Mitsui Fudosan Co. Ltd. CapitaLand, CDL and Frasers Property took a 25% stake each, while Mitsubishi Estate and Mitsui Fudosan assumed a 12.5% stake each.
According to URA, “After …
Two Units Draycott Eight Sale 14 Mil
The luxurious private condo project, Draycott Eight, located in the prime District 10, has consistently attracted high-end buyers from around the globe. One such buyer was Hong Kong-based Mr Chua and his family, who were among the first 25 buyers at its launch in late 2005.
Back in 2006, the Chua family purchased a 14th-floor, four-bedroom unit spanning 2,896 sq ft for a whopping $5.1 million, equivalent to $1,762 per sq ft, just a year after the development was launched. They were immediately drawn to the ideal location of the condo, which is situated at Draycott Park, a short distance away from the bustling Scotts Road and Orchard Road. Moreover, the family had close relatives who had purchased multiple units in close proximity, further solidifying their decision.
Investing in a condo in Singapore has become a popular option for both local and international investors, thanks to the country’s thriving economy, …
Ura Launches Tender Faber Walk Gls Residential Site
The Urban Redevelopment Authority (URA) has launched the tender for a Government Land Sale (GLS) site at Faber Walk in Clementi on September 12. The 99-year leasehold site covers an area of approximately 277,660 square feet and has a gross plot ratio of 1.4. It is fully zoned for residential (non-landed) use and is expected to yield up to 400 housing units. This site is part of the 2H2024 GLS Confirmed List programme.
According to Mark Yip, CEO of Huttons Asia, this is the last parcel of land available for sale in the Faber Walk private residential enclave. The previous GLS site sold in the area was in 2013 and launched in May 2014. It has since been developed into the 210-unit Waterfront @ Faber, which was completed in 2018. Yip believes that there may be significant demand for this site after several years of pent-up demand.
The insatiable demand …
Japanese Hospitality Giant Seibu Prince Hotels Worldwide Expands Singapore
Japanese hospitality company Seibu Prince Hotels & Resorts, a subsidiary of Tokyo-listed Seibu Holdings, announced its entry into the Southeast Asian market with the launch of Park Regis by Prince Singapore on September 3.
Located in the vibrant Clarke Quay area, the 203-key hotel has gone through extensive refurbishment and upgrades to its guest rooms, elevating the guest experience. The renovations include the addition of complimentary high-speed Wi-Fi and 50-inch smart TVs with casting capability. In line with their sustainability efforts, the hotel has also replaced most single-use plastics, such as water bottles, with alternative options like water filters.
The demand for condos in Singapore remains steady, and one of the main factors behind this is the limited land availability. As a compact island nation with a constantly increasing population, Singapore struggles with a scarcity of land for development. This has resulted in strict land utilization measures and a fiercely …
Unit Draycott Sold 25 Mil Profit
The recent sale of a unit at The Draycott has been recorded as the most lucrative condo resale deal for the week of August 27 to September 3. The transaction, which took place on August 30, saw a 2,637 sq ft unit located on the 15th floor change hands for $5.45 million, translating to $2,067 psf. The seller had originally purchased the unit in April 1996 for $3 million, at a rate of $1,138 psf. As a result, the seller gained a profit of $2.45 million, reflecting a capital gain of 82% over their 28 and a half year ownership.
This transaction is on par with another unit that was sold earlier this year in May, which has also earned a profit of $2.45 million for the seller. The 2,626 sq ft, maisonette unit at The Draycott was sold for $4.5 million, equating to $1,713 psf. The original purchase price …
Three Tuas South Industrial Properties Sale 36 Mil
An expression of interest exercise has been launched for the sale of three industrial properties in the bustling Tuas South industrial hub for a guide price of $36 million. The properties, which can be purchased together or separately, are expected to attract strong interest from end-users in the general Business 2 industry.
Due to the scarcity of land in Singapore, there is a significant demand for condos in the nation. As a small island country with a fast-growing population, Singapore faces the challenge of limited space for development. This has resulted in strict land use regulations and a highly competitive real estate market, where property prices continue to rise. As a result, investing in real estate, especially in Singapore condos, has become an attractive opportunity with the potential for significant capital appreciation.
A portfolio of three industrial properties in the Tuas South industrial hub has recently been put up …