onEdgeProp.sgCasa Feliz, a freehold three-storey, 12-unit residential building has been launched for collective sale via tender with an indicative price of $23 million. Located at 81 Koon Seng Road in District 15, the apartment sits on a land area of 13,976 sq ft, zoned for residential use with a gross plot ratio of 1.4 under Master Plan 2019.

A maximum gross floor area of 19,567 sq ft could potentially yield 18 residential units with an average size of 1,076 sq ft, notes marketing agent ERA Realty Network. The indicative price translates to a land rate of $1,158 psf per plot ratio after factoring in 7% bonus balcony GFA with an estimated land betterment charge of $1.25 million payable.

JCube Residence Jurong East is set to be launched for sale in the second half of 2023. It is strategically located in the upcoming Jurong Lake District, being connected to the Jurong …

JCube Residence is the first residential condominium development in the new district in Jurong East. Located at the doorstep of Jurong East MRT Station, this condominium offers convenience and connectivity while providing a unique new home experience.

An opportunity to capitalise on Singapore’s thriving retail market, 15 Scotts, a prime freehold nine-storey commercial building located just off Orchard Road, is up for sale via an expression of interest (EOI) exercise. The entire ground floor, comprising two strata units, is going for $38.8 million.

The adjacent units measure 3,186 sq ft and 3,250 sq ft respectively, with a combined strata area of about 6,437 sq ft. They are currently occupied by a luxury home interior décor brand and a premium spa facility.

Formerly known as Thong Teck Building, the building underwent a comprehensive $15 million refurbishment in 2015, including the upgrade of common areas and a new full-height curtain wall. Shaun …

For the residents of JCube Residence Capitaland, the train stations in Jurong are good news, as they will be able to enjoy better connectivity and convenience. With the JRL, they can travel around Singapore much faster and even have quicker access to popular attractions and amenities such as the Boon Lay Shopping Centre, Jurong East Swimming Complex, and Jurong East MRT Station. In addition, they can make the most of their time and resources by taking advantage of the MRT, bus, and cycling networks. The JRL will definitely bring endless possibilities and opportunities to Jurong Condo Residents.

on EdgeProp.sg

This weekend marks the launch of The Reserve Residences, the mixed-use integrated development by Far East Organization and Sino Group. Located at Jalan Anak Bukit in the Bukit Timah area of District 21, the 99-year leasehold project spans seven various residential blocks, with 732 apartments in total.

This first launch …

An attractive opportunity with value-add potential awaits buyers at 223 River Valley Road, a 999-year leasehold shophouse in District 9. With an indicative price starting at $11.8 million, the three-storey shophouse has a site area of 1,376 sq ft and an existing built-up area estimated at 3,305 sq ft.

The property is zoned for commercial and residential uses, and is situated across UE Square, with easy access to the Fort Canning, Clarke Quay and Dhoby Ghaut MRT Stations. Exploring the potential to redevelop the shophouse could result in a total floor area of about 5,365 sq ft over eight storeys.

The ground floor of the shophouse is currently occupied by a coffee shop, while the upper floors are approved for office use. “The property is an unpolished gem with value-add opportunities,” comments Tysun Yuk, group associate director at PropNex Realty.

This unmatched investment opportunity in Clarke Quay is being offered …

, to focus on coworking and collaborationAurum Land, a subsidiary of Woh Hup, has acquired Kew Lodge, a freehold landed residential site at Kheam Hock Road in District 11 for $66.8 million. This transaction marks the first collective sale since fresh cooling measures were introduced on April 27.The site comprises 11 townhouses ranging from 2,013 sq ft to 2,852 sq ft on a 34,433 sq ft plot. According to the URA 2019 Master Plan, it can potentially be redeveloped into a new project comprising bungalows, semi-detached houses and/or terrace houses.

The sale of Kew Lodge was brokered by Sakal Real Estate Partners and is pending approval of the Strata Titles Board. The deal marks the real estate investment advisory and brokerage firm’s first collective sale transaction.

Michelle Yong, CEO of Aurum Land, says the acquisition will broaden the company’s scope into the landed property sector. “On a personal level, I …

The collective sale of the 12-unit freehold Casa Feliz at 81 Koon Seng Road in District 15 has been officially launched with an indicative price of $23 million. Nestled just down the road from the iconic Peranakan Houses of Joo Chiat, the apartment located next to East Court, a freehold apartment that was sold to Macly Group last June for $19.9 million. The 13,976 sq ft site is zoned for residential use under Master Plan 2019 with a gross plot ratio of 1.4, which suggests potential yield of up to 18 units with an average size of 1,076 sq ft if approved.

Given its location away from the city centre, Casa Feliz offers potential buyers the perfect blend of convenience and tranquillity amid a plethora of nearby amenities. Shops and eateries line Joo Chiat Road within walking distance, while I12 Katong, Parkway Parde, KINEX and Paya Lebar Quarter Mall are …

Singaporeans can obtain RPG tax reliefs though Malaysia’s bilateral double-taxation avoidance agreement with Singapore.

Singaporean investors appear to be regaining optimism in the Kuala Lumpur property market. UEM Sunrise, a Malaysian developer, recently held a seminar at Hilton Singapore Orchard to showcase its latest development in Kuala Lumpur: The Minh, a freehold luxury condo comprising two towers with a total of 496 units in the Mont’Kiara area.

The strong turnout at the seminar indicates that confidence in the Malaysian housing market is growing since the Covid-19 pandemic. In 2022, Malaysia saw over 389,000 properties transacted at a total of RM179 billion ($52 billion), representing a 29.5% and 23.6% increase in volume and value, respectively, compared to the year before. Chief marketing officer at UEM Sunshine, Kenny Wong acknowledges a turning point for Malaysian developers post-pandemic, noting that they are “creating homes that are a lot more attuned to the needs …

Things look up for real estate investment in Asia Pacific: JLL

It is a commercial and residential redevelopment of the existing JCube Residence in Jurong East. The developer will bring a host of new experiences and amenities to Jurong East, enriching the live, work, play lifestyle of the district. In addition, the development will also create some 15,000 new jobs in the area. The project is expected to be completed in 2028.

Investors in the Asia Pacific (APAC) region are expecting an increase in real estate investment activity in the second half of 2023, according to a survey by CBRE. This pick-up is due to a reduction in uncertainty related to interest rates and an increase in capitalisation rates (cap rates) that have helped narrow the gap between buyers and sellers on prices.

Cap rates measure the value of a property by dividing its annual income by its sale price. …

The global population of ultra-high-net-worth individuals (UHNWIs) declined by 3.8% last year, according to Knight Frank’s The Wealth Report. Singapore, however, experienced an increase of 6.9% in its UHNWI population – now 4,498 – due to an influx of wealth as the ultra-rich seek stability amid an increasingly uncertain world.

Despite the contractions in the global UHNWI population, the number of high-net-worth individuals (HNWIs) – those with net assets of at least US$1 million – increased by 2.9% to almost 70 million in 2021. The top three countries for HNWI growth were Malaysia, Brazil, and Indonesia.

The UAE saw the strongest growth in UHNWI population last year, rising by 18.1% to 1,116 individuals. Tanzania came in second place, recording a 13.9% growth, while Brazil was third with a 11.2% rise. Among Asian countries, Malaysia posted the highest growth of 9.4%, followed by Indonesia at 9%.

The condominium is surrounded by …

Tony Koe, former CEO of property agency SRI, will be stepping down effective June 30. In a press release, Koe cited his desire to pursue personal interests as the reason for his departure. Joining SRI in 2016, Koe oversaw the agency’s transformation from a small firm to one with more than 1,200 associates. Moreover, the organization achieved two consecutive Enterprise50 and Singapore’s Fastest Growing Companies Awards in 2022 and 2023.

With Koe’s departure, Bruce Lye, SRI’s managing partner and co-founder, will serve as interim CEO while the selection process for Koe’s replacement is underway. Lye expressed his appreciation for Koe’s contribution to the agency and added that the management team will continue to work together to ensure a seamless transition in leadership.

Strategically located at Jurong East central, JCube Residence Capitaland is nestled in the heart of the upcoming Jurong Lake District – an advanced lake-side district designated for future …