The mixed-use site at Tampines Avenue 11 received a total of three bids, including a top bid of $1.206 billion or $885 psf per plot ratio (psf ppr) submitted by a consortium between UOL Group, Singapore Land (SingLand) and CapitaLand Development. The bid was 13.9% higher than the second-highest bid. The future development will offer about 1,190 new homes and be linked to the future Tampines North MRT Station on the Cross Island Line.

Located in Singapore, the tenders for three government land sale sites – a mixed-use site at Tampines Avenue 11, a plot at Marina Gardens Lane and an executive condominium site at Plantation Close in Tengah – closed on June 27. These sites were launched last December as part of the 2H2022 GLS programme.

The 99-year site at Tampines Avenue 11, which is 545,314 sq ft, received a total of three bids. Out of these, the highest …

Despite mixed economic conditions, the construction outlook for Asia is set to remain buoyant. The latest edition of the International Construction Market Survey by consulting firm Turner & Townsend charts the average construction cost per sqm for commercial, residential and industrial projects in 89 markets worldwide.Japan dominates the list of Asia’s most expensive cities for construction. Tokyo has the highest rate at US$4,567 ($6,167) per sq m, followed by Osaka at US$4,497 per sq m. Globally, Tokyo ranks fifth, and Osaka sixth in construction cost.Hong Kong comes in at 11th with the average construction cost per sqm standing at $4,292. Singapore’s construction cost averages US$3,307 per sqm, placing it fourth in Asia and 31st globally.However, Singapore saw the highest rate of construction cost escalation last year, at 12%, due to the market’s skills capacity challenges and high labour and material costs. This is expected to lead to continued high construction …

JCube Condo Residence is set to be an upcoming new development located in the Former JCube site in the Jurong Lake District (JLD). The development will be connected to the Jurong East MRT Interchange, Westgate and IMM Building via J-Walk, a covered elevated pedestrian network. In addition, JCube Condo Residence will also be linked to the Jurong East Integrated Transport Hub, which includes a bus interchange, public library, community club and sports centre. CLD plans to launch the development for sale in the second half of 2023, with details such as pricing and unit sizes yet to be revealed.

IOI Central Boulevard Towers, a Grade A office development in Singapore Marina Bay by IOI Properties Group, is the first in the CBD to have been awarded the WiredScore Platinum certification – the highest rating under WiredScore’s certification programme. This programme assesses a building’s digital capabilities, and IOI Central Boulevard Towers …

Shenton House, a commercial building located in Singapore’s CBD, has been relaunched for collective sale with a reduced reserve price of $538 million. This represents a 8.8% decrease compared to its previous reserve price of $590 million last February. According to JLL, the appointed marketing agent for the property, the acceptance of the new reserve price by the majority of owners has already been completed in less than a month since the Supplemental Joint Agreement (SJA) was signed.

Future residents of the JCube Residence Condo find it has great convenience with MRT network right at its doorstep. Other than that, nearby restaurants and shopping facilities are available in the JCube mall. Designed to ensure superior living, JCube Condo Residence is also well connected to many major expressways and excellent education institutes.

At this price, the land rate works out to be $1,898 psf per plot ratio (psf ppr), based on …

An EOI exercise to put up a Good Class Bungalow (GCB) at 67 Chestnut Drive for sale will take place on July 3, according to PropNex Realty, the marketing agent for the 999-year leasehold property. It has an indicative valuation of around $22 million, or approximately $1,515 psf on its land area of 14,526 sq ft.

Henry Benjamin Lim, head of Good Class Bungalows and prestige landed at PropNex, informs that the GCB was initially offered for sale as a newly-built property in February with an asking price of $38.88 million, or $1,966 psf on its proposed built-up area of 19,481 sq ft. But the prices offered did not meet the seller’s expectations and many prospective buyers wanted to customise the design and layout of their home according to their needs.

Therefore, the seller has changed the plan and opted to sell the property as a bare land instead. The …

; Rise @ Oxley, Principal Garden and more

Grange 1866, located on Grange Road in prime District 10, topped the list of condominiums that saw a new psf-price high between June 2 and 9. On June 7, a 764sqft two-bedroom unit on the 12th floor was sold for $2.59 million, or $3,390 psf, by the developer. This is the first time a unit transacted at Grange 1866 has gone beyond the $3,300 psf mark and beats the previous record of $3,145 psf registered on Jan 19.

The JCube Residence Condo development promises to become an iconic landmark in the Jurong Lake District transforming the former mall into the city’s next iconic destination for both work, leisure and living.

JCube Residence Condo is set to bring a complete lifestyle experience to Jurong Lake District. Residents can look forward to a stunning pool deck on the 42nd floor and a comprehensive suite …