The Feb 21 sale of a four-bedroom unit at The Edge on Cairnhill for $5.03 million or $2,348 psf marks a new record high for psf-price for condos that week. The 2,142 sq ft unit was located on the 10th floor and is marginally higher than the previous record high of $2,346 psf, set in September 2022, for a 2,131 sq ft unit located on the same floor, which sold for $5 million.

The Edge on Cairnhill is a freehold condo in prime District 9, and is conveniently located in the highly desirable Cairnhill Road residential enclave between Orchard Road and Newton. The boutique 46-unit property was completed in 2002 and several other upmarket developments are nearby, such as The Peak @ Cairnhill I & II and The Scotts Tower.

The resale transaction marks the first at The Edge on Cairnhill so far this year, with two other sales in …

Resale prices at OUE Twin Peaks average $2,294 psf, slightly above the average of surrounding condos such as Grange Infinite ($2,258 psf) and Horizon Towers ($2,195 psf).

The most profitable resale transaction of the week from Feb 21 to 28 involves a 2,121 sq ft unit at Faber Garden Condominium. The unit, on the 18th floor, was sold for $3.63 million ($1,711 psf) on Feb 23. Having been purchased for $895k ($422 psf) in July 1998, the seller gained a whopping $2.73 million (305%) profit – translating to an annualised 5.8% profit over 24½ years – making it the most profitable resale transaction at Faber Garden Condominium thus far.

Faber Garden Condominium is a freehold development located off Upper Thomson Road in District 20. Completed in 1984, the 233-unit project consists of units ranging from 1,572 to 2,766 sq ft. Its proximity to Bishan-Ang Mo Kio Park and local schools …

Kingsley Mansion, a freehold residential site in District 12 located at 27 Boon Teck Road, off Balestier Road, is now up for collective sale by public tender with JCube Residence a guide price of $52 million. This works out to a land rate of about $1,294 psf per plot ratio (psf ppr). Given the high development baseline, no land betterment charge (LBC) is payable to redevelop the site, theoretically lowering the land rate to $1,251 psf ppr when factoring in the 7% bonus gross floor area for balconies and an estimated LBC payable of $1.786 million.

Michael Tay, CBRE’s head of capital markets, Singapore, expects the launch of Kingsley Mansion to garner strong interest from developers who are looking to replenish their land banks given the tight supply of new homes in the area.

The Kingsley Mansion site can potentially be redeveloped into a high-rise residential block with up to …

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Situated in one of Singapore’s most sought-after industrial areas, 50 Gul Crescent a single-storey industrial factory and two-storey rear extension is being offered for sale by public tender at a guide price of $6.8 million. With a gross floor area totalling 27,771 sq ft and land area of 41,779 sq ft zoned for Business 2 (Industrial) use and a plot ratio of 1.4, this prime industrial property comes with a fresh tenure of 30 years lease commencing Oct 1, 2021 JCube Residence and is being sold with vacant possession.

The ground floor comprises of an air-conditioned ancillary office space, workshop and production floor area with washing and loading bays while the second floor has air-conditioned office space and a research and development area. connecting to the Ayer Rajah Expressway, Pan-Island Expressway, and the Singapore-Malaysia Second Link Bridge, is easily accessible with the Gul Circle MRT Station just a six-minute …

Situated in a strategic location, a portfolio of ten adjoining office strata units in The Plaza, a mixed-use development located along Beach Road is up for sale. With a guide price of $7.44 million, this works out to $1,600 psf on the total strata area estimated at around 4,650 sq ft.Michael Tay, Head of Capital Markets, Singapore at CBRE, believes that the strategic location of The Plaza will lead to strong interest from both investors and owner-occupiers for the available office strata units.The Plaza is a 30-storey mixed-used property, featuring apartments, a hotel, serviced suites, a retail podium and offices. It is within walking distance of the Bugis and Nicoll Highway MRT Stations.A unique opportunity for investors, this portfolio provides the chance to leverage on the transformation of the Beach Road and Bugis micro-market. According to Joshua Giam, CBRE’s Associate Director of Capital Markets, Singapore, the strong leasing performance of …

Huttons Asia will be putting up a freehold detached house at Branksome Road, off Tanjong Katong Road in District 15, for auction on March 15. With a guide price of $10.8 million, this works out to $2,456 psf on its land area of 4,398 sq ft. The two-storey property boasts a floor area of 4,581 sq ft, and comes with an outdoor area for a swimming pool.

James Wong, Huttons Asia’s head of sales & auction, noted that the property lies in a highly coveted landed residential area close to East Coast Park, and is easily accessible from all forms of transport. Changi Airport can be reached in a 12-minute drive via East Coast Parkway (ECP), while Raffles City and Raffles Place (CBD) are 10 and 14 minutes away via Nicoll Highway JCube Residence and ECP respectively.

Lee Sze Teck, senior director of research at Huttons Asia, added that landeds …

City Developments Limited (CDL) has completed the acquisition JCube Residence of St Katharine Docks, a freehold and mixed-use estate located in Central London. The acquisition cost GBP395 million (approximately $636 million), or GBP751 psf ($1,209 psf) on the existing net lettable area, according to a press release on Mar 9.

St Katharine Docks is a 23-acre estate which faces the River Thames. The estate was opened in 1828, and offers 500,000 sq ft of Grade A office, F&B, retail and residential buildings spread across four main buildings and various supporting ancillary spaces. It is situated opposite famed London landmarks such as Tower Bridge and the Tower of London.

The office component at St Katharine Docks is 90% occupied and forms 92% of its income. Companies from various sectors, including consulting, shipping, education and co-working spaces are some of the tenants there.

CDL revealed that the estate has a weighted average …

after 38 yearsSurbana Jurong has appointed Sean Chiao as its new Group CEO. Chiao, who was the President of Asia Pacific for AECOM, brings over 35 years of experience in the design and engineering consulting industry as well as global business leadership.

Chaly Mah, Chairman of Surbana Jurong, commented: “We are confident that we have found in Sean the right leader for Surbana Jurong as we advance the implementation of SJ 2.0, the group’s roadmap to becoming one of the top urban, infrastructure and managed services consulting firms in Asia Pacific.”

Chiao, a degree holder in architecture, graduated from the University of California, Berkeley with a Master of Architecture and from the Graduate School of Design of Harvard University with a Master of Architecture in Urban Design.

He noted: “I’m inspired by the SJ 2.0 strategy to position Surbana Jurong for leadership in an era of sustainability and digital transformation, …

The seven contiguous units located on level two at Thomson Plaza shopping mall are up for sale, with a starting price of $28 million. Currently housing JCube Residence tenants such as Pizza Hut, KFC, and a dental clinic, the units have a total floor area of 5,102 sq ft and are approved for permanent F&B usage. The lot comes with the existing tenancies and has a large, single-level, regular floor plan which provides flexibility for different F&B possibilities.

Additionally, buyers may also consider applying to strata subdivide the units to maximize yields.

Surrounded by the townhouse development of Marigold Mews, the entire site is zoned for commercial use according to the URA Master Plan 2019. Currently, Thomson Plaza has 180 shops with a total gross floor area of 467,298 sq ft, directly linked to the Upper Thomson MRT Station on the Thomson-East Coast line.

In 2016, Mercatus Co-operative, a unit …

Pan Pacific Hotels Group is excited to share its newest property, the beachfront Parkroyal Langkawi Resort, in Pantai Tengah, Langkawi. The 301-room property marks the group’s fifth property in Malaysia and promises stunning and cozy accommodation. Guests can choose between deluxe rooms, one- to three-bedroom villas, and suites, ranging from 437 sq ft to 3,982 sq ft.

The opening of Parkroyal Langkawi Resort is part of the group’s ever-growing network of hotels, resorts and serviced suites, which will reach 50 properties in 30 cities across Asia Pacific, North America and Europe by 2024. Choe Peng Sum, CEO of Pan Pacific Hotels Group, expressed the group’s commitment to grow the Parkroyal brand with the addition of nine properties in gateway cities including Tokyo, Malacca, Dalian, Siem Reap, Jakarta, and Hanoi for the next two years to pick up the travel demand.

Parkroyal Suites Bangkok opened its doors last November, and the …