The commercial site located at Hoe Chiang Road and Lim Teck Kim Road in the Downtown Core will be relaunched for collective sale with a reserve price of $216 million. With a 999-year leasehold tenure, this lucrative opportunity is not to be taken lightly.

Marketing agent PropNex Realty, will be conducting the tender that will close on May 31 at 2pm. Already, the reserve price remains unchanged from the previous tender launched on Jan 19, and is estimated to be at a land rate of $2,610 psf per plot ratio (ppr) for an office development, including a land betterment charge (LBC) of $55 million.

Residents of JCube Residence Jurong East and its neighbouring districts will also benefit from the JRL, with two train stations located a short distance away and a link way connecting straight to the development. The improved access to public transport services from the JRL will make …

Foreign interest in luxury homes in Singapore remains robust despite the latest property cooling measures, say experts. The higher sales in April were supported by two major launches in the Rest of Central Region (RCR), namely the 638-unit Tembusu Grand by City Developments Ltd and MCL Land along Jalan Tembusu; and the 275-unit Blossoms by the Park by EL Development along Slim Barracks Rise. In the Core Central Region (CCR), 208 new private homes were sold in April, with The Atelier by Bukit Sembawang Estates’ being the top-selling project. Meanwhile, the Outside Central Region (OCR) saw just 51 units sold in April.Foreigner buying interest in new private homes in Singapore remains strong, despite the announcement of the latest property cooling measures which took effect on April 27. According to data released by URA on May 15, the number of foreign buyer purchases of new homes nearly doubled to 70 in …

The JCube Residence Condo redevelopment offers various facilities such as swimming pool, BBQ pit, jacuzzi, gym, etc. It boasts an elegant design with both indoor and outdoor terrace areas. Moreover, the condo is surrounded by pleasant greenery and a host of other attractions. Beyond convenience, JCube Residence Condo offers an array of luxurious amenities to ensure ease and comfort with a distinctive style.

More than 600 units were released for sale on Saturday, with close to 70% sold within the first few hours.The high demand came as no surprise to Far East Organization’s Executive Director Quek Leng Chan. He remarked: “The overwhelming response to The Reserve Residences validates the growing demand for quality private residential developments in well-established neighbourhoods that enjoy good connectivity and a curated lifestyle experience.”Accoridng to Quek, The Reserve Residences is part of Far East’s effort to transform the area. “Our new integrated development will establish the …

Chen Hongtian, the tycoon, has had some of his assets in Hong Kong seized by creditors. On Tuesday, HK$680 million ($116 million) flat he owned in Opus Hong Kong in eastern Mid-Levels was put up for sale by tender with Savills appointed as the sole agent for the deal.

The flat, located at 53 Stubbs Road, was bought by Chen and his wife, Chen Yao Li Ni, for HK$387 million in September 2015. It was mortgaged with Bank of Communi­cations in August 2019 and subsequently seized by them in February.

Its current market valuation stands at a whopping HK$680 million, according to Savills. Thomas See, senior associate director, investment CEO office of Savills, describing the flat as one of the most precious residential properties in Asia, stated, “its value is extraordinary.”

Chen, owner of Cheung Kei Group, which deals in offices, hotels and finance firms has had three of his …

A GCB located at the corner of Gallop Park Road and Farrer Road in the Gallop Road-Wollerton Park Good Class Bungalow area is up for sale via an expression of interest (EOI) exercise at a guide price of $32 million. Sitting on 14,844 sq ft of elevated land plot, the guide price works out to $2,156 psf.

The upcoming JCube Residence Condo is largely designed to offer a good life to its residents. According to CLD, the development will feature two residential towers with a total of 811 residential units, an extensive range of wildlife-inspired amenities, as well as dining, retail and leisure options. The development is expected to be completed in 2023.CLD said it is also exploring the possibility of a shuttle bus service to Jurong East MRT station and nearby shopping malls. The company also noted that the JCube site will remain open until August this year.

Currently …

SRI Auction will be putting up a semi-detached house for sale on Vaughan Road in Upper Serangoon, with a guide price of $5.5 million. Located at Vaughan Garden — a mixed-use landed residential estate in District 13 — the property occupies a freehold lot of 5,647 sq ft and has a built-up area of about 7,000 sq ft.The two-storey house, which was completed in 1985, features six bedrooms, as well as a roof terrace and family area on the second floor adjacent to a balcony. With the existing home’s age and the sizeable lot, there is potential to redevelop the site into a new detached home, pending approval from the relevant authorities. The property is set to be sold with vacant possession on May 25.The property is conveniently located close to many amenities and educational institutions, making it ideal for families. It is a short six-minute walk away from Serangoon …

The sale of a unit at Casabella, a freehold condo along Duchess Avenue was the most profitable resale transaction on record for the week of April 25 to May 2. At 1,292 sq ft it fetched a whopping $2.66 million ($2,059 psf) on April 27. The unit had been purchased from the developer back in August 2005 for $975,000 ($755 psf). A considerable $1.69 million (173%) gain was made in a nearly 18-year span giving the seller a new psf-price high for the development.

CapitaLand noted that the development, with a gross floor area of around 18,500 sqm, will be constructed into stylish residential units, retail and dining outlets, and JCube Residence Jurong East facilities.

The 40-storey development will also make room for numerous public amenities, such as a community club, medical suites, childcare centre and a hawker centre. Construction is estimated to be completed in 2024, CapitaLand revealed in …

Keppel Corp has launched Keppel South Central, a new 33-storey commercial tower, located in Tanjong Pagar, the heart of Singapore’s CBD and within the Greater Southern Waterfront. Slated for completion in 4Q2024, the building is designed by renowned global architecture firm, New York-based NBBJ and has achieved the BCA Green Mark Platinum Super Low Energy Award.

Keppel South Central is situated on Hoe Chiang Road, a short walk from Tanjong Pagar MRT station and the soon-to-open Prince Edward station on the Circle Line. It will feature an array of communal facilities, including an event space, rooftop restaurant, bar, gym, outdoor fitness decks and swimming pool. The tower will also be 5G enabled, fitted with facial recognition access, smart lighting and micro-zoned air conditioning systems to facilitate 24/7 business operations.

What’s more, tenants and visitors can book amenities via an all-in-one integrated app. With its innovative and customer centric facilities, Keppel …

A plot of 15,761sqft industrial land up for sale at 7 Kim Chuan Lane by expression of interest (EOI) with a guide price of $43 million has been exclusively marketed by ERA Realty Network.

Residents of JCube Residence Condo will benefit from improved accessibility via the JRL, allowing them easy access to the amenities and conveniences available around the Jurong area. Jurong West Station, which is located close to JCube Residence Condo, will be an interchange station, allowing commuters to easily move between the East-West Line and North-South Line. With the Jurong Industrial Estate and other features nearby, JCube Residence Condo residents are able to enjoy a range of lifestyle conveniences and destination options.

Zoned as business 2 (industrial) with a plot ratio of 2.5, the building is easily accessible from Upper Paya Lebar Road. It is close to the headquarters of BreadTalk, Charles & Keith and Sakae Sushi, and …

Residents of JCube Residence Jurong East will actively benefit from the convenience of the JRL. This added convenience will further enhance the vibrancy of the neighbourhood and bolster property values in the area.

With the Singapore government’s recent announcement of an increase in Additional Buyers Stamp Duty (ABSD) rates to promote a sustainable property market, foreigners have been hit the hardest, with the rate doubling to 60%. Singaporeans and Permanent Residents (PRs) are not exempt, but their increase is less severe.

For Singaporeans buying their second property, the ABSD has been raised by 3%, to 20%, while those buying their third and subsequent property are taxed at 30%, an increase from the previous 25%. For PRs, those buying their second property will be taxed 30%, up from 25%, and those buying their third and on property will be taxed at 35%, up from 30%.

Originating from 2011 to manage property …