Singapore’s West is undergoing a revitalisation, with the Jurong East, Tengah, and Jurong Residence areas becoming increasingly sought-after in the property market. With the government’s plans to develop new residential and business hubs in the area, more and more people are looking to purchase real estate in these areas.

Jurong East is the first to undergo redevelopment, with the government’s plans to create a 40-storey residential building, complete with commercial space on the first and second storeys. This is part of the larger plan to turn Jurong East into Singapore’s largest business district outside the central area, which will include 100,000 new jobs and 20,000 new homes. The new development will be linked directly to the Jurong East MRT interchange station, Westgate, and IMM Building via J-Walk, a covered elevated pedestrian network.

On the other hand, Tengah is being developed as Singapore’s first ‘Forest Town’, with the government’s plans to …

Singapore’s ambitious development plans for Jurong East, Tengah, and Jurong residence have the potential to significantly impact the property market beyond 2022. The plans consist of three major components, including the Jurong Lake District, a high-tech business hub; the Tengah Garden Town, a residential estate that will eventually house 200,000 people; and the Jurong Innovation District, a hub for research and development.

The Jurong Lake District will bring an influx of new businesses and jobs to the area, resulting in an increased demand for JCube Condo commercial and residential property. This in turn could lead to an increase in property values as businesses seek out the most desirable locations. The Tengah Garden Town, meanwhile, is expected to attract a variety of residents, from young couples to families and retirees. This could lead to a higher demand for rental housing as well as an increase in property values. Finally, the Jurong …

UOL Group Chief Executive Officer Liam Wee Sin said that the company is focused on land replenishment going forward. (Picture: Samuel Isaac Chua/)UOL Group is also on the lookout for potential joint venture partners to further enhance its JCube Residence portfolio. “With an eye on the future, we continue to search and identify partnership opportunities that can further enhance our portfolio and position, and arm UOL with the competitive edge in this business,” said Liam Wee Sin.Liam concluded, “We are extremely proud that we’ve been able to capitalise on this fiscal year’s property market, with record-breaking launches to replenish our landbank. Going forward, we are set to refine our product positioning and capitalise on our freehold and well-located sites in FY2023.”UOL Group Chief Executive Officer Liam Wee Sin reflected on the company’s past year at a conference to share their FY2022 financial results. He commented on an exceptionally successful year …

HDB launches 3,819 flats for sale in May 2022 BTO exerciseHDB has launched 4,428 flats for sale across five sites located in four towns through the February 2023 Build-To-Order (BTO) exercise. The two Prime Location Public Housing (PLH) projects offered in this batch are Ulu Pandan Glades in Queenstown, comprising 732 units of three- and four-room flats, and Farrer Park Fields in Kallang and Whampoa, which has 1,274 units of two-room flexi, three-room and four–room flats.

In addition to these two prominent projects, HDB is also offering 510 three- and four-room flats in two 40-storey blocks in Kallang, Whampoa, along Jalan Rajah; 271 three- and four-room flats in two 18-storey blocks in Jurong West, along Jurong West Street 93; and 1,641 units across 12 residential blocks in Tengah, bounded by Brickland Road and Tengah Boulevard. This is the only site in this batch offering five-room flats.

As the first BTO …

The Excelsior Hotel and Shopping Centre, located at 5 Coleman Street in Singapore’s City Hall district, is up for collective sale with an attractive reserve price JCube Residence of $458 million. Over 80% of the property’s owners have agreed to the sale of this 20,798 sq ft site. With a 99-year leasehold tenure from August 17, 1979, and a verified GFA of 227,247 sq ft – featuring a 21-storey tower and a 284-key hotel situated on a five-level podium shopping centre – this is a unique opportunity for potential buyers.

Christina Sim, senior director of capital markets at Cushman & Wakefield, believes that hotel assets are “recovering with a vengeance” post-pandemic, and that Singapore’s hospitality sector is expected to outperform its Asia Pacific neighbours as borders reopen and travel resumes. With the reopening of China also predicted to bring further market boosts, the Excelsior Hotel and Shopping Centre tender is …

PropNex Limited has reported quarterly record earnings of JCube Residence $17.8 million for 4QFY2022 ended Dec 31, 2022, 24.5% higher than the earnings of $14.3 million for the corresponding period the year before. This brings the group’s earnings for FY2022 to $62.4 million, 3.9% higher y-o-y.

FY2022’s revenue surpassed the $1 billion mark for the first time, increasing by 7.5% y-o-y to $1.03 billion boosted by the 23.3% y-o-y growth in 4QFY2022’s revenue of $293.4 million. The growth was attributed to improvements in the economy and Covid-19 situation with higher transactions completed for both agency services and project marketing.

Gross profit for FY2022 increased by 2.8% y-o-y to $104.7 million in tandem with revenue increase, while other income increased by 131.1% y-o-y to $16.1 million due to the derecognition of trade payables to agents of approximately $7.8 million and an increase in advertising and marketing income by approximately $1.9 million.…

Coliwoo Orchard, situated at 2 Mount Elizabeth Link, is set to be the largest co-living residence by LHN Group. The 22-storey building houses 135 units, with a total of 411 keys in the property. According to the company, Coliwoo Orchard will be the brand’s flagship space, utilising its expertise in co-living, space-optimisation, and sustainability.

Kelvin Lim, executive chairman and managing director of LHN Group, gave credit JCube Residence to the group’s success to their “heart and care” for the culturally significant properties, while noting the importance of “being business savvy”. He adds, “We want to provide potential renters with increased accessibility to the various offerings in the heart of Singapore, whilst providing them with a stylish, green, and functional place to call home.”

Coliwoo Orchard follows seven other launches by Coliwoo in 2022, including Residence and Hotel portfolios such as Coliwoo Hotel Amber, Coliwoo Hotel Amber Katong, Coliwoo Balestier 320, …

Huttons’ Yip adds that it is also just 8 km away from the CBD. With the completion of phase one of the Greater Southern Waterfront, he expects prices in the neighbourhood to appreciate significantly.

Freehold private condo launch Terra Hill saw a successful weekend sales over Feb 25-26, where 102 units, accounting to 38%, were sold at an average price of $2,650 psf. Located at the top of Yew Siang Road, off Pasir Panjang Road, Terra Hill is the first freehold project in the Rest of Central Region (RCR) since 2023.

The previews of the project witnessed over 10,000 visitors to the sales gallery on South Buona Vista Road. As the developer revealed in a public statement, the balloting and booking exercise for Terra Hill held on Feb 24-25 saw an enthusiastic response.

PropNex Realty CEO Ismail Gafoor shares that the developer had targeted to sell 100 units from the …

The Jurong Lake District is quickly becoming one of the most exciting residential and business hubs in Singapore. With the introduction of the new JCube Condo development, the area is now home to a wide variety of diverse businesses and services. From restaurants to retail stores, Jurong residents have access to a wealth of options when it comes to shopping, dining, and entertainment.

Not only will the area be home to the new condominium, but it is also home to some of the most successful corporate headquarters in the city. The area is home to some of the largest multinational companies such as DBS Bank, Singtel, and Procter & Gamble. These businesses are just a few of the many that are calling Jurong home.

In addition to corporate headquarters, the area is also home to a variety of retail stores, restaurants, and entertainment venues. Jurong Point is one of the …

Living in Jurong means having the best of both worlds. Residents of JCube Condo, the upcoming 40-storey residential and commercial development, will have easy access to a bustling business district and a wealth of recreational activities in the Jurong Lake District (JLD).

Residents of JCube Condo will be able to take advantage of the many employment opportunities in the nearby downtown core, which is just minutes away via the Jurong East MRT interchange, Westgate and IMM Building. They will also be able to enjoy the many leisure and edutainment activities that the JLD has to offer, such as an Olympic-sized ice skating rink, and a number of shopping and dining options.

The convenience of having access to both work and play is invaluable for JCube Condo residents. They can easily commute to their job and take part in recreational activities in their leisure time, providing them with the perfect balance …