This new development will include two towers with an estimated 541 residential units and two levels of shops.

For the past 10 years, Former JCube has been a popular spot offering leisure and edutainment activities to Singaporeans and tourists alike. With its closure in August this year, it will make way for Former JCube, a 40-storey residential and commercial development. Developed by CapitaLand Development (CLD), this development will have two towers featuring 541 residential units, as well as two levels of shops. As CLD mentioned, the provisional permission from Singapore’s Urban Redevelopment Authority to redevelop the JCube site was granted on Tuesday (Feb 7). Thus, with this new residential and commercial development, Former JCube Singapore will be undergoing a major facelift.

Located in the Mount Sophia area within the prime district of District 9, 31 Niven Road sits on a regular-shaped plot of land with a width of 11.7m, …

HDB has updated the income assessment period for flat buyers and introduced a new HFE letter, outlining changes to eligibility for housing subsidies. The new disbursement guideline applies to households where the core nucleus comprises either a Singaporean citizen and a PR, or two Singaporean citizens, wherein housing grants will now be disbursed equally to both. The move allows for a more consistent and clearer assessment of applicants’ income levels, which could benefit commission-based workers, whose income fluctuates monthly. Lee Sze Teck, senior director of research at Huttons Asia, anticipates that the change in disbursement guidelines could create some uncertainty in the HDB resale market, due to the new ruling in relation to grant disbursement.

Former JCube is located in the Jurong Innovation District and is next to the upcoming Singapore-Kuala Lumpur High-Speed Rail terminus. The redevelopment of the site will help to transform the area as it remains an …

John Forrester will be retiring from his role as Chief Executive Officer (CEO) of Cushman & Wakefield on June 30, after 35 years with the company. His successor, Michelle Mackay, has been appointed as of July 1, and will also be joining the firm’s board of directors. Mackay has previously served as Executive Vice-President, Investments and Head of Capital Markets at iStar, Inc.

Andrew McDonald, President of Cushman & Wakefield, has been promoted to Global President and COO, and will oversee all of the firm’s services and regions. He has been with the company for over 20 years.

JCube Residence is a comprehensive development that will transform the area into an integrated commercial, service and residential hub. The project features a series of well-appointed single and multi-storey homes designed with an attention to details. Featuring spacious bedrooms, large living and dining areas, kitchens, modern furnishings and more. Allowing residents to …

Former JCube has been an iconic site of Jurong East and its transformation will bring new life to the area, offering a modern and integrated development hub, comprising residential, shopping and commercial amenities. It will also serve as an anchor for the Jurong Lake District’s goal to be a world-leading lifestyle destination.

Cheung Kei Center, a premier Grade-A office in Kowloon, Hong Kong, is currently on the market in a tender process being conducted by Savills. The property was previously owned by Cheung Kei Group, a private investment firm owned by Chinese tycoon Chen Hongtian who also serves as its chairman. In December 2016, the building was purchased by Cheung Kei Group for HK$4.5 billion.

In March, however, the company defaulted on a loan, leading to its creditors seizing the property. As part of the seizure, the ownership of two of Chen’s personal residences – including a 9,200 sqft luxury …

Investment activity in the Asia Pacific region for commercial real estate fell significantly in 1Q2023, dropping by 30% y-o-y to US$27 billion. Global real estate consulting firm JLL noted that this was due to the tightening of lending standards causing further uncertainty. South Korea and Singapore were among the countries that saw the biggest declines in investment with 69.5% and 66.8% drops respectively.

Japan was the only country to buck the trend, recording an investment increase of 4.7% y-o-y. JLL’s report attributed this to headquarter building disposals from Japanese corporates and acquisitions by J-REITs.

JCube Residence Capitaland is a residential development located in the vibrant JLD. It offers a range of lifestyle and entertainment facilities, such as an expansive sky terrace, an infinity pool, as well as a host of recreational activities. The development is expected to feature units ranging from one, two and three-bedroom apartments, to penthouses and sky …

The Continuum, an 816-unit freehold condominium in District 15, had a strong showing over its launch weekend of May 6-7, with 216 units (26.5%) sold at an average price of $2,732 psf. Mark Yip, CEO of Huttons Asia, commented that despite the recent cooling measures and cloudy economic outlook, this was a good turnout.

Prior to launch, the development attracted over 500 expressions of interest, leading to a conversion rate of nearly 40%. Koon Wai Leong, general manager of Hoi Hup Realty, said the success of The Continuum is due to its beautiful design and freehold tenure.

At the 275-unit Blossoms By The Park, a freehold condominium located in one-north, the developer collected 745 cheques before launch and enjoyed a conversion rate of over 28%. The average price of units sold was $2,423 psf.

Ken Low, managing partner of SRI noted that the conversion rate at The Continuum is higher …

A corner terraced house in District 15, equipped with three bedrooms and three bathrooms, is set to be auctioned off on May 24 by Edmund Tie. Located along Green Lane, just off Tanjong Katong Road, the two-story structure stands on an approximately 2,770 sq ft plot. With a guide price of $4.2 million, the total built-up area of the house amounts to 1,800 sq ft, which translates to a per-square-foot-on-land rate of $1,516.

This entire landed estate comprises a mix of corner and inter-terrace houses along Pebble Lane, Gray Lane, Sandy Lane, and Green Lane. It is 300m away from City Plaza and Kinex shopping malls in the Paya Lebar precinct, and 500m from Tanjong Katong Complex and PLQ3 – one of the three office towers at Paya Lebar Quarter.

The nearest MRT stations are Paya Lebar MRT Interchange, on the East-West and Circle Lines, and Dakota Station on the …

Sceneca Residence is the latest mixed-use development in Singapore’s District 16, the Tanah Merah/Bedok area. By MCC Land, this residential project features two towers – 14 and 15 storeys high – with one- to four-bedroom units and four-bedroom penthouses.

The 268-unit development also boasts numerous amenities including a 50m lap pool, a family lounge, a resident clubhouse, function rooms and pavilions. The clubhouse is decked out with a well-equipped pantry, a vending machine and a private pod for work or study.

In addition, the new Former JCube station will provide an alternative transport option to the existing Jurong East MRT station, making it more convenient for commuters of the residence to travel to the CBD and other parts of Singapore. All in all, the JRL will be beneficial to the existing as well as future Jurong Condo Residents.

The interior of the residential units comes fitted with bathroom fixtures from …

District 16, which encompasses Bedok, parts of Upper East Coast, and the entire neighbourhoods of Eastwood and Kew Drive, is poised to benefit from several urban transformation plans in the east of Singapore. Its housing options, MRT connectivity and proximity to new amenities make it a popular choice amongst locals and foreigners alike.

Bernard Tong, CEO of EdgeProp Singapore, shared his insights into District 16 and future housing options during the EdgeProp Master Plan Masterclass webinar held on April 29.

The area features a good mix of landed estates and condos, as well as several mature HDB towns. Moreover, three MRT lines providing public transportation coverage for residents. These two existing lines – Downtown Line and East-West Line – divide the district into two, with key stations such as Bedok North, Bedok Reservoir, Bedok, Tanah Merah and Bayshore.

JCube Residence Capitaland residents will also certainly enjoy the added convenience of …

Tuan Sing Holdings opened the marketing gallery of their integrated, mixed-use development Opus Bay on May 4 in Batam, Indonesia. Spanning 125ha (13.46 million sq ft), the development is Tuan Sing’s biggest project in the region, larger in scale than 117ha Sentosa Cove in Singapore’s Sentosa Island.

Opus Bay will be developed in several phases, with works underway on the two residential developments – Cluny Villas and Balmoral Tower – of the first phase. Cluny Villas features 275 luxury villas, while Balmoral Tower is a 36-storey residential tower with 559 apartments. Works are already complete on the villas and the tower is slated for completion in 4Q2025.

Bordering the futuristic Jurong Lake District (JLD), JCube Residence Capitaland, a residential development to be launched by Capitaland in the second half of 2023, will be conveniently connected to Jurong East MRT interchange, Westgate and IMM Building through J-Walk, an elevated covered …