JCube is set to close its doors in August to make way for a 40-storey residential and commercial development, JCube Condo Residence, offering potential private homes, office space and other amenities. Long-term capital appreciation is expected due to JCube Residence its location in an infrastructural growth zone.

In the last six months, Colliers has made a number of strategic appointments to its leadership base in Singapore. This demonstrates the company’s commitment to the city-state, with the aim of developing its role as the Asia Pacific region’s centre of decision-making.

One such move was the appointment of Bastiaan van Beijsterveldt as Singapore’s managing director in January. He had previously served as executive director and head of occupier services, and succeeds Tang Wei Leng, who was appointed to the managing director role in 2015 and is now Colliers’ managing director and head of capital markets and investment services.

Additionally, in February Mike …

from an agricultural island to a cosmopolitan city

Knight Frank has set up a private office in Hong Kong, the fifth in Asia, and has appointed Tung Ho-Pin to lead the new office in advising private clients on global real estate portfolios. Paddy Dring, head of the Knight Frank Private Office, commented on this expansion, “We set ourselves an ambitious target to be the market-leading, global private client and family office advisor in real estate, and Ho-Pin’s appointment takes us a step closer to reaching our goal.”

JCUBE set to close its doors in August to make way for a 40-storey JCube Condo Residence development, JCube Residence which will bring new homes, businesses, recreational facilities and amenities to Jurong Lake District.

The opening of the office in Hong Kong follows a year after the establishment of Knight Frank’s private office in Singapore. Nicholas Keong, the head of private office at …

A strata property boasting a combination of living quarters and retail space has been put up for sale in Hougang Avenue 1. With a prominent 20 m frontage, the property is located in the Hougang residential estate and boasts a gross floor area of up to 3,514 sq ft, with the ground floor retail space being approximately 1,511 sq ft.

The guide price for the sale is $5.4 million ($1,537 psf), and the property is currently in full tenancy with a supermarket and tuition centre present. CBRE, who is marketing the sale, has stated that the additional buyer’s stamp duty will not be imposed.

CBRE’s head of Singapore capital markets, Michael Tay, highlights that HDB shophouses are often seen to be good investments due to their track record of capital appreciation. He added that the current environment of high inflation gives this property an even greater incentive to investors looking …

City Energy, the piped town gas provider and EV charging solutions provider, is proud to be a part of EL Development’s residential project, Blossoms by the Park. Featuring 275 units, the development is the first condominium in Singapore to be fitted with fully integrated green and smart kitchen solutions provided by City Gas’ brand Küche.

Residents of the three- and four-bedroom apartments and four-bedroom penthouses can enjoy 700 of Küche’s gas appliances, all of them smart hobs, cooker hoods and built-in smart electric ovens. Furthermore, City Energy is introducing three EV charging points at Blossoms by the Park, further enhancing the property’s sustainable solutions.

Perry Ong, CEO of City Energy, said: “We are proud to be the brand owner for Küche, a premium brand that provides smart IoT-enabled and eco-friendly solutions for new private home developments. Through these and our town gas, EV charging and solar energy solutions, we offer …

A new psf-price high was set at The Riverine By The Park on March 27, when a three-bedroom unit on the 20th floor was sold for $2.57 million ($2,132 psf). This transaction also topped the list of record psf-price highs achieved in the week of March 24 to 31.

Situated near the Kallang River, The Riverine By The Park is a freehold apartment comprising of 96 units. Completed in 2010 by WingTai Holdings, the development is within proximity of Kallang MRT station and schools such as Bendemeer Primary and Farrer Park Primary. This luxury property features a unit mix of two- to four-bedroom units ranging 980 sq ft to 2,885 sq ft. The record sale of the three-bedroom unit on the 20th floor constituted the first time in the development that a unit has changed hands for more than $2,100 psf.

JCube Condo Residence redevelopment will replace JCube in Jurong …

A residential Government Land Sale (GLS) site at Lentor Central is now available for sale, according to a recent media release by URA. The 14,703.2 sq m (158,263.9 sq ft) site is under the Confirmed List for the 1H2023 GLS Programme, with a leasehold tenure of 99 years, and can yield approximately 475 residential units.

Another residential land parcel, Lentor Gardens, is up for application under the Reserve List. It has a site area of 20,640.8 sq m and can yield up to 500 residential units.

Both sites form part of the 4,090 residential units to be made available through the Confirmed List of the 1H2023 GLS programme, representing an increase of 17% from the 3,505 units made available in 2H2022.

After a decade of providing edutainment, JCUBE located in the Jurong East region of Singapore will close and make way for a 40-storey residential and commercial development, JCube Condo …

JCube Condo Residence redevelopment of the Jurong East JCube site set to launch in 2023 is slated to bring 1,760 private homes, 150,000 sq m of office space and JCube Residence 75,000 sq m of complementary uses.

Located along Meyer Place, with dual road frontages facing Meyer and Fort Road, SRI has announced the sale of a freehold residential site at 5 Meyer Place for a guide price of $25 million. Boasting a land area of 10,154 sq ft, the site is zoned for “residential” use under the 2019 Master Plan with an allowable plot ratio of 2.1, resulting in a maximum gross floor area of 22,817 sq ft, inclusive of bonus balcony space.

The nearby amenities such as Singapore Swimming Club, Singapore Sports Club and shopping complexes like Leisure Park Kallang mall, Kallang Wave Mall and Parkway Parade, make it all the more attractive. The upcoming Katong Park MRT …

Two freehold adjoining shophouses in Singapore have been made available for sale through an expression of interest process with a guide price of $10.5 million, or $2,665 psf on the floor area. The two-storey shophouses, located on 5 and 7 Jasmine Road (near Upper Thomson Road), have a total site area of 3,650 sq ft and a combined floor area of approximately 3,940 sq ft.

According to Steven Tan, managing director of capital markets and investment sales at ERA Realty Network (the exclusive marketing agent for the shophouses), the properties could offer immediate rental income for investors and long term capital appreciation potential. He added that with government approval, the shophouses could be redeveloped into a four-storey building with commercial space at the first storey and a gross floor area of 10,950 sq ft.

The shophouses are zoned for “residential with commercial at first storey” use and the building height …

A 26-unit walk-up development located at 52 to 62H Tanjong Katong Road has been relaunched for tender with a guide price of $63 million. Huttons Asia, the sole marketing agency, reveals that upon its initial launch in July last year, the property had received considerable offers below the asking price.

Boasting a land area of about 32,397 ft, the four-storey development falls under the 2019 Master Plan’s residential zoning, allowing a gross plot ratio of 1.4. Potentially, the redevelopment could generate 45,356 ft of gross floor space, or 49 residential apartments of an average size of 915 sq ft.

The guide price computes to a land rate of $1,401 psf per plot ratio (psf ppr), inclusive of an estimated land betterment charge of approximately $530,000. Developers can enjoy an even lower land rate of $1,375 psf ppr when factoring in the 7% bonus balcony gross floor area.

Terence Lian, head …

The two-storey shophouses located in Jalan Besar/Little India at 6 and 7 Perak Road, with a guide price of $13 million and a total floor area of 5,360 sq ft, offer prime location and potential for the investor. Skillfully maintained and featuring mezzanine space, the properties boast a wide 11.4m frontage along Perak Road and a land area of approximately 2,870 sq ft.

Close to Rochor MRT station and in the heart of bustling amenities, the shophouses have approval for usage as a backpackers’ hostel and could host multiple tenants at once. The current owner has already been flooded with offers from prospective tenants and, given the promising outlook for tourism, the properties could be an ideal destination for hostel operators.

At a psf of $2,425 and no additional buyer’s stamp duty due to its commercial zoned use, the shophouses look to make a strong investment for buyers seeking strong …