lim was appointed key executive officer of ERA in February 2020. He was previously the chief operating officer of the company. In March 2021, he was appointed the new president of Real Estate Agencies Association of Singapore (REAAS).The agency has also announced the appointment of Raymond Leong as its chief technology officer. Leong was the executive director at CapitaLand before joining ERA.

After nearly four years with the firm, Nicholas Mak, head of research and consultancy at ERA Realty Network, has stepped down from his role with immediate effect.

In a March 27 email sent out to the media, ERA’s key executive officer Eugene Lim expressed his appreciation for Mak’s contributions to the firm and wished him success in his future endeavours.

Mak is currently clearing his leave before embarking on his new career journey in the real estate industry. Speaking to the media, he said it was a fruitful …

JCube, JCube Residence located in the Jurong East region of Singapore, is closing its doors in August to make way for a 40-storey residential and commercial development – JCube Condo Residence. Estimated prices for residential units, slated for completion in 2027, range from S$2,000 to S$2,100 per square foot.

At Nassim 9, the most profitable resale transaction during the week of March 7 to 14 was a ground-floor unit that changed hands for $10.3 million.The unit was purchased for $7 million back in January 2011, meaning the seller raked in a $3.3 million (47%) profit on the transaction, which translates to an annualised profit of 3.2% over 12 years. On March 1, another 2,756 sq ft unit on the third floor was sold for a record $9.5 million ($3,448 psf), with its previous buy in December 2005 at $4.12 million ($1,495 psf). This yielded a profitable $5.38 million (130%) profit, …

Skyline 360 @ St Thomas Walk set a new psf-price high of $2,674 psf on March 6 with the sale of a four-bedroom unit. This was followed by a two-bedroom unit at Commonwealth Towers, which fetched $2,279 psf on March 8. The Shelford also set a new record after a 1,399 sq ft unit was sold for $2,273 psf on March 3.This week saw a new psf-price high at the luxury freehold condo Skyline 360 @ St Thomas Walk, with the sale of a 2,131 sq ft four-bedroom unit on the 21st floor for $5.7 million, or $2,674 psf, on March 6. This latest record tops the list of psf-price highs during the week of March 3 to 10, with no new lows being recorded.

Skyline 360 @ St Thomas Walk is a luxury freehold condo in prime District 9’s residential area close to the Orchard Road shopping belt and …

A rare opportunity presents itself with 30 Goodman Road, a freehold semi-detached house up for sale off Tanjong Katong Road in District 15 of Singapore. Located in an affluent area, the regular plot zoned for two-storey semi-detached residential use is available via private treaty with a guide price of $9.2 million. This equates to an attractive price of $2,514 psf based on a land area of 4,271 sq ft.

Situated just a 15-minute walk away from the upcoming Tanjong Katong MRT Station on the Thomson-East Coast Line, potential buyers can enjoy the convenience of public transport when completed in 2024. Other amenities within a 10-minute drive include East Coast Park, Parkway Parade and Kallang Wave Mall.

JCUBE is closing its doors amid a regional JCube Residence redevelopment boom and potential new residential launches, including JCube Condo Residence. JCUBE will be replaced with a 40-storey residential and commercial development with 1,760 …

Located in the heart of Singapore, 36 Hongkong Street is up for sale through an expression of interest exercise with a guide price of $24 million. A prime asset, the five-storey property features a balance land tenure of 95 years on the 99-year lease, with a land area of 1,733 sq ft. The built-up area of around 7,279 sq features regular and column-free floorplates, alongside new electrical and air-conditioning systems, and lift access to every floor. Such features have a guide price of $3,297 psf.

Clemence Lee, executive director of capital markets, Singapore at CBRE, says that this boutique commercial building is highly sought-after by investors as well as owner-occupiers. Incoming owners have the flexibility to explore several value-add angles subject to approval from relevant authorities, such as conversion to alternative uses such as co-living, serviced apartments, medical & wellness centres and commercial schools.

After 10 years of providing leisure …

Set to launch on April 8, Tembusu Grand marks the latest collaboration between City Developments Ltd (CDL) and MCL Land. Offering 638 units spread across four blocks of 20 and 21 storeys, the 210,622 sq ft, 99-year leasehold site is located along Jalan Tembusu, just off Tanjong Katong Road in prime District 15.

Rob Garman, MCL Land CEO, comments that “this new offering will be a golden opportunity for savvy property enthusiasts with an affinity for the enchanting east coast”. The sales gallery will open to the public on March 24, with prices ranging from $1.248 million to $4.028 million.

Prices start from $2,368 psf for a one-bedroom plus study unit of 527 sq ft, while the most expensive is $2,354 psf for a five-bedroom unit of 1,711 sq ft. The development also offers two 5-bedroom penthouses at 2,691 sq ft.

Awarded the Building and Construction Authority Green Mark Platinum …

JCube is set to close JCube Residence in August and be replaced by JCube Condo Residence, a 40-storey residential and commercial development, estimated to launch for sale in 2023. It will be part of Singapore’s Jurong Lake District rejuvenation plan, which includes a 6.8 hectare mega site for private homes, offices and retail.

CDL and M&C has a portfolio of over 120 hotels, resorts and serviced residences under four distinct brands in 13 countries, including the United Kingdom, France, Germany, the United States, Mexico, Australia, New Zealand, Japan, China, Taiwan, Thailand, Vietnam and Malaysia.

City Developments Limited (CDL) has entered into a purchase sale agreement (PSA) and business asset sale agreement on March 22 to acquire Sofitel Brisbane Central for A$177.7 million ($159.2 million) or A$427,000 per key. CDL’s wholly-owned hotel subsidiary Millennium & Copthorne Hotels Limited (M&C) and New Zealand-listed subsidiary Millennium & Copthorne Hotels New Zealand Limited both …

Flint Davidson has been appointed the new head of capital markets at CBRE’s Pacific operations. He has joined the Pacific executive committee in the firm and has been with CBRE since 1997. Davidson will lead the company’s world-class capital markets team, replacing Phil Rowland, CBRE’s CEO, Pacific advisory services.

In the past five years, Flint Davidson has led the Pacific capital markets office business and brokered transactions such as Link REIT’s acquisition of a 49.9% stake in Investa Gateway Offices for A$1.15 billion, the A$1.025 billion sale of a 50% stake in Melbourne’s Southern Cross Towers and the A$925 million sale of a half-share in Sydney’s Grosvenor Place.

CBRE has announced that Davidson will continue to work on office deals while expanding his focus to other key parts of CBRE’s capital markets business which was ranked 1 in the MSCI Real Assets rankings in Australia in 2022 with a market …

Swee notes that Yishun Industrial Park A is “a vibrant and established industrial estate that has always been actively sought after by buyers and tenants”.Based on EdgeProp Research tool, at least six light industrial buildings have changed hands in the estate since the start of this year.

The property at 543 Yishun Industrial Park A is up for sale via an expression of interest exercise with an indicative price of $19.2 million. The five-storey building has a land area of 80,962 sq ft zoned for Business 1 usage with a plot ratio of 2.5. Its gross floor area of 106,410 sq ft comprises warehouse space on levels one and five, cleanrooms on levels one and three, and ancillary office space on all levels.

According to marketing agent Edmund Tie, the balance lease term of the building is 31 years, which allows for potential buyers to tap into the unutilised GFA …

growth

APAC Realty, which operates the ERA brand, recently announced a Master Franchise Agreement with ERA Laos Co. Ltd. This collaboration grants ERA Laos exclusive rights to operate broker offices and grant memberships in Laos for an initial term of 25 years, with the potential to be renewed for a further 25 years.

The agreement expands APAC Realty’s presence in Indochina to four countries, namely Thailand, Vietnam, Cambodia and Laos. With this addition, the company now has a network of 647 offices and more than 21,900 agents across 11 countries and territories in Asia Pacific.

Commenting on the franchise, CEO of APAC Realty Marcus Chu said: “We are delighted with our foray into Laos through a franchise model as it deepens our foothold in the Indochina Peninsular and advances our strategic regional growth plans with a capital-efficient approach.”

He also expressed his confidence in Manisone Saysompheng, CEO of ERA Laos, …