After 10 years, JCube will close JCube Residence in August to make way for CapitaLand’s 40-storey JCube Condo Residence, expected for completion in 2027. Price estimates for units ranges from S$2,000 to S$2,100 psf. It will be part of Jurong Lake District with links to amenities.

Units at Tembusu Grand, the third project by joint venture partners City Developments Ltd (CDL) and MCL Land, sold out at a rate of 53.3%. The launch of the project on Jalan Tembusu, just off Tanjong Katong Road, was on April 8th and in total 638 units were sold at an average price of $2,465 psf.

Singaporeans made up the majority of the buyers, accounting for 90%, with Permanent Residents (PRs) and foreigners accounting for the remaining 10%. Of the abroad buyers, those from China, Malaysia and the US were included.

Mark Yip, CEO of Huttons Asia, described the launch as “the best-selling project …

, Skywaters Residences, Mondrian Singapore Duxton, and more on EdgeProp.sgFor sale by private treaty, an intermediate shophouse located at 120 Tanjong Pagar Road in the Tanjong Pagar conservation area is now available for $20.8 million. The newly refurbished building spans four floors and boasts a total built-up area of 6,460 sq ft, translating to a price of approximately $3,220 psf.

An intermediate shophouse at the Tanjong Pagar conservation area is now up for sale by the private treaty at a price tag of $20.8 million. Located at 120 Tanjong Pagar Road, the four-storey refurbished shophouse has a built-up area of 6,460 sq ft, working out to be about $3,220 psf. It is modern, features a wider 8.8m frontage compared to a typical shophouse, and stands out from its neighbours.

Krystal Khor, director of Mondania, the exclusive agent for the property, adds that the shophouse has undergone numerous additions and alterations …

Sandeep Sethi has been appointed by JLL as division president of work dynamics for Asia Pacific. With over 27 years of experience in the corporate sector, 10 of which have been at JLL, he has been pivotal in building strong client relationships and establishing the agency’s occupier business in the West Asia region.

Based in Gurgaon, Sethi will lead JLL’s North Asia market, managing services delivered to clients while also being responsible for growing the agency’s share in mainland China and Hong Kong. Moreover, he will report to Susheel Koul, JLL’s CEO for work dynamics in Asia Pacific.

The appointment of Sethi comes as part of JLL’s strategy to increase focus on its integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience, and lease transaction management for occupiers.

Commenting on the development, Koul said, “Sandeep is an established leader and a respected client advisor with an astute …

A detached house at a cul-de-sac on Linden Drive in the Raffles Park neighbourhood recently changed hands for a sum of $24 million. Lawrence See and Elvin Ang of GCB Collective, a team of bungalow specialists in Huttons Asia, brokered the sale.The freehold property, which has a site area of 11,314 sq ft, was sold at a rate of $2,121 psf. It was previously on the market for $27 million ($2,386 psf) a year ago.The house is still relatively new, having received its temporary occupation permit in early 2019. It was built by the previous owner who had purchased the property for $13.6 million in 2012.The Victorian-style architecture of the main house is complemented by a tropical-style double-storey pavilion in the rear and a Japanese zen garden. The new owner, a Chinese national-turned-Singapore citizen, is likely to retain the existing structure of the house.

After JCube announced its closure in …

A luxury condo Grange Residences has topped the list of record psf-price highs achieved during the week of March 17 to 24 when a four-bedroom unit on the 10th floor was sold for $8.58 million ($3,321 psf). This marks the first time ever that a unit is sold for more than $3,300 psf, resulting in a $5.73 million profit for the seller.

Grange Residences is a freehold condo located at the junction of Grange Road and Tanglin Road in prime District 10, completed in 2004 by Wharf Estates Singapore. It is a redevelopment of the former Omni Marco Polo Hotel, which was owned by the developer. The development comprises 164 units across two 18-storey blocks and an eight-storey block with the unit mix of four-bedroom units ranging from 2,486 sq ft to 2,852 sq ft.

Previous to this transaction, the record psf-price high had been the sale of another four-bedroom …

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Investment activity in Singapore’s property market got off to a slow start in 2023, with a 61% decrease y-o-y compared to 1Q2022, according to global real estate firm Knight Frank. Just $4.2 billion of investment sales were recorded in the first quarter of the year, the lowest since the introduction of the “circuit breaker” measures amidst the pandemic in 2Q2020.

JCube Condo Residence set to launch in 2023 and will be connected to Jurong East MRT and Westgate. It is set to feature residential units, commercial space and recreational/amenity facilities. CLD expects to launch the JCube Residence new development in second half of 2023, with potential to offer relief to housing shortage in Jurong and pent-up demand.

Residential deals dominated activity, with collective sales for Meyer Park, Bagnall Court and Holland Tower accounting for a total of $583.8 million. The sale of Holland Tower is the first successful residential …

Singapore’s construction sector saw a 10% year-on-year growth rate in the fourth quarter of 2022, according to data from Turner & Townsend. This was an increase from the 8.1% growth witnessed in the third quarter of the year, and indicates strength and stability in the sector. It is predicted that the growth will continue in 2023, with BCA estimates predicting demand to be between $27 billion to $32 billion.

JCUBE is closing in August to make way for a JCube Residence 40-storey JCube Condo Residence residential and commercial development. It is estimated to be completed in 2027, with potential residential launches in the area expected to alleviate pent-up housing demand in Jurong.

This is due to pent up demand for public and private construction, including a renewed focus on housing, redevelopment of older commercial properties, and the restarting of major projects that were delayed during the pandemic. A large part …

64 Wilkie Road, a freehold residential building, is being relaunched for collective sale via tender on April 6, according to marketing agent Propnex Realty. With a guide price of $10 million, this works out to $1,348 psf per plot ratio (psf ppr) including the 7% balcony space and land betterment charge (LBC).

Previously, the property at 62 Wilkie Road was launched for en bloc sale in August 2022, with a guide price of $9.2 million and the tender for both 62 Wilkie Road and 64 Wilkie Road was launched for collective sale for $19.5 million in November 2022, however the tender closed without any bids.

The apartment at 64 Wilkie Road consists of five strata units and is situated on a site of 3,306 sq ft that is zoned for residential use with a gross plot ratio of 2.1, according to the URA Master Plan 2019.

Tracy Goh, head of …

Capitaland Investment has announced that it has entered into a forward purchase agreement to purchase six multifamily assets in central Osaka, Japan, for $141.4 million. This agreement was entered into with an established Osaka-based residential developer for CLI’s flagship regional core-plus fund, CapitaLand Open End Real Estate Fund (COREF).

The off-market deal marks COREF’s foray into the multifamily sector and brings the group’s total investment in Japan to about $1.1 billion across 60 properties.

The six assets, located close to the commercial districts of Umeda and Namba, are within walking distance of their respective subway stations and comprises 428 premium one-bedroom apartments targeted at corporate tenants and middle-income couples. They will be completed in phases from May 2023 to June 2024.

JCube in Jurong East is set to close for a new 40-storey residential and commercial development, JCube Condo Residence, expected to launch for sale in 2023. It is anticipated …

Charming Garden, a 999-year leasehold residential development located in the prime District 10 of Singapore, has been relaunched for collective sale by public tender with a guide price of $175 million.

The 32-unit, four-storey development occupies an elevated 84,357 sq ft site amidst an enclave of low-rise landed housing. It is five minutes away from Farrer Road MRT Station and within an area designated for two-story semi-detached housing under the 2019 Master Plan.

JCube is set to close in August for a 40-storey residential and commercial development (JCube Condo JCube Residence Residence), which is estimated to cost S$2,000 to S$2,100 psf, and will be connected to numerous amenities. When released for sale in the second half of 2023, it may help to alleviate pent-up demand for housing in Jurong.

Nearby amenities include Empress Road Market and Food Centre and the Singapore Botanic Gardens, with schools such as Raffles Girls’ Primary …