The most profitable condominium resale transaction of the week of March 14 to 21 occurred at One Amber. On March 20, the 1,658 sq ft, fourth-bedroom unit on the ninth floor was sold for $3.15 million ($1,900 psf). The seller had purchased the unit from the developer for $1.17 million ($705 psf) back in April 2006, making a profit of $1.98 million (170%), after a stunningly short 17 year holding period.

This is the highest profit ever recorded at One Amber, surpassing the previous record set in July 2022. That 1,572 sq ft unit on the 21st floor fetched an astonishing $3.17 million ($2,017 psf) and was purchased originally by the seller in June 2006 for $1.26 million ($799 psf). This equates to a profit of $1.91 million.

Located in the District 15 Amber Gardens, One Amber is an attractive freehold development completed in 2010. Constructed by UOL Group and …

A detached house located at 39 Bin Tong Park, tucked away in District 10, is up for sale with a price tag of $22.88 million. With a land area of 9,170 sq ft, the price translates to a staggering $2,495 psf.

Altura EC is an executive condominium with 375 units located in Bukit Batok West Avenue 8, offering a 99-year lease and proximity to schools, MRT station and Jurong Innovation Altura EC District. It secured the highest bid of $266 million from Qingjian Realty and Santarli Construction and is expected to launch in Q2 2023.

Built in 2008, this open-concept home offers ample space with a living hall and a dining area. Most impressively, it boasts of a 22m long pool that overlooks the dining area – ideal for hosting poolside gatherings.

Aric Lim, senior division director of Huttons Asia, who is marketing the property, calls it the “perfect family …

Sabana Industrial REIT, Keppel EaaS team up to install EV charging stations, solar PVsSabana Industrial REIT and Keppel’s EaaS have inked a sustainability partnership memorandum of understanding (MOU), with the objective of the REIT becoming one of Singapore’s first carbon-neutral industrial REITs by 2040. The agreement may involve the possible installation of smart cooling with zero upfront capital expenditure to reduce energy consumption and maintenance cost for the REIT, as well as the operation of energy-efficient chiller systems, renewable energy certificates and green electricity supply over the long term.Both parties have also entered into agreements to install electric vehicle charging stations and solar photovoltaic cells (PVs) in the REIT’s properties. With the installation of the four Volt EV charging stations at the REIT’s property at 151 Lorong Chuan (New Tech Park), tenants and the public will be able to utilise the stations by 1H2023. Solar PVs will also be deployed …

on EdgeProp.sgLife by City Energy also offers a “smart” penthouse experience in its showroom, where homeowners can get an immersive feel of how an automated lifestyle could look like. Technology is integrated with fixtures such as kitchen and bathroom appliances, window blinds and air-conditioners using voice control, motion sensors and Wi-Fi.

City Energy, a subsidiary of the Keppel Infrastructure Trust, has opened a lifestyle concept store in the Plaza Singapura area, showcasing green and smart home solutions. The space was previously occupied by a retail outlet of City Energy, and was rebranded to Life by City Energy in 2021, to reflect the company’s move towards green and smart energy solutions.

The concept store offers an experiential centre for homeowners, developers, and other customers to view low-carbon gas-powered appliances from brands like Rinnai, Küche, and Möwe. These products have smart features that can be integrated and controlled using a single app. …

Altura EC is a 99-year leasehold executive condominium at Bukit Batok West Avenue 8, projected to accommodate 375 residential units; Qingjian Realty and Altura EC Santarli submitted highest bid of $266 million in tender.

now! Yangzijiang Group and its subsidiaries have signed a share purchase agreement to acquire a 100% stake in an office block located at 39 Robinson Road in the Central Business District. The Chinese company acquired the property through its 81%-owned entity Yangzijiang Realty, with Real estate company 9Co Parker and boutique investment firm ICH Singapore Holdings, taking 10% and 9% stakes respectively.

The total purchase price of the 21-storey office building is $399 million, which amounts to a per-square-foot cost of $2,357, based on its gross floor area of 169,252 sq ft. Executive Chairman and CEO of Yangzijiang, Ren Letian, explained that this acquisition not only provides the opportunity to deepen their roots in Singapore, but …

Grade A office rents in the CBD showed some growth in the first quarter of 2023, though q-o-q growth was slower compared to the last quarter, as per research by JLL. The real estate consultancy noted that gross effective rents in CBD Grade A office spaces grew 1.0% q-o-q to an average of $11.30 psf pm in 1Q2023, a tad lower than the 1.2% q-o-q growth in the prior quarter.

HDB is initiating public auction of Altura EC at Bukit Batok West Avenue 8, offering 375 residential units and a 99-year lease. Bidding closes 8 Altura EC Mar 2022; developers can select plots according to pricing brackets. Expected launch Q2 2023; showflat to be released.

Andrew Tangye, JLL Singapore’s Head of Office Leasing and Advisory, suggests that the slowed rate of growth could be attributed to macroeconomic uncertainty leading to large space users “pressing the pause button” on their plans. …

, Singapore52 Boat Quay, a six-storey shophouse, has been sold for $37 million, with the seller making a gain of $16 million, said Savills Singapore. Located in a 1,119 sq ft site in Boat Quay, it boasts a total built-up area of 6,446 sq ft. In 2015, the shophouse underwent extensive renovations, now a modern and well-equipped commercial space. It was purchased by the seller in June 2018 for $21.35 million.The property is occupied by an Italian restaurant, Braci, on the top two floors, an Izakaya bar on the ground floor, and corporate office tenants on the second and fourth floors. Yap Hui Yee, from Savills, said the sale of the shophouse reflects the high demand for quality properties in prime locations. She added, “It is extremely rare for a riverfront-facing property to be available for sale.”Recent transactions of commercial properties near 52 Boat Quay demonstrate an appreciation in value …

on EdgeProp.sgA recent sale of a shophouse at 52 Boat Quay in Singapore has been completed for a total sale price of $37 million. The deal was brokered by Savills Singapore and the seller was making a gain of $16 million, having purchased the property in June 2018 for $21.35 million. This charming flagship property faces the riverfront and the total built-up area is estimated to be 6,446 sq ft.

The property underwent extensive renovations in 2015 and is now a modern and well-equipped commercial space. The top two floors are occupied by the Italian restaurant Braci, and an Izakaya bar occupies the ground floor. Corporate office tenants are on the second and fourth floors.

Yap Hui Yee from Savills Singapore, who brokered the deal, says it generated a lot of interest from investors and is indicative of the high demand for commercial shophouse properties in prime locations.

JCube will …

Occupancy levels in Singapore’s Raffles Place and Marina Bay districts remained steady at 95.4% and 94.1%, respectively, in the first quarter of 2023, indicating the office sector in the country is on an even keel due to demand that is mainly driven by ‘flight to quality’. This is according to a report by property consultancy Knight Frank.

Calvin Yeo, managing director of occupier strategy and solutions at Knight Frank, attributes the healthy occupancies to selected office buildings commencing asset enhancement initiatives (AEIs) or redevelopment, thus removing stock from the market. Furthermore, quality office space remains in demand as businesses continue to relocate their headquarters to Singapore.

As employees start to return to offices, Yeo states that occupiers are increasingly searching for quality office spaces that provide a vibrant and activity-based work environment. For example, the mixed-used development Guoco Midtown, which was completed in January, has Grade A offices that incorporate …

An expression of interest exercise has been launched for the sale of the freehold industrial building situated at 21 New Industrial Road off Upper Paya Lebar Road. The property has a site area of 3,368.4 sq m (36,257 sq ft) and offers a gross plot ratio of 2.5, zoned for Business 1 use. The guide price has been set at $66 million.

ERA Realty Network has been appointed exclusive marketing agent for this property. The asset, which is located near Bartley and Tai Seng MRT Stations and enjoys dual road frontage along Lim Teck Boo Road and New Industrial Road, is likely to draw serious attention from property developers, private and institutional investors.

After a decade of providing leisure and edutainment, JCUBE JCube Residence is set to close as CapitaLand Development builds a 40-storey residential and commercial development with potential prices of S$2,000 – S$2,100 psf in 2027. With new …