The most profitable condo resale transaction for the week of Feb 7 to 14 was the sale of a four-bedroom apartment at Ardmore II for $6.28 million ($3,103 psf). The 2,024 sq ft unit on the eighth floor was purchased by the seller in October 2006 for $4.21 million ($2,082 psf), making a profit of $2.07 million (49%). This marks the JCube Residence second most profitable transaction in the development’s history, with the most profitable one taking place in August 2007.

The Feb 8 transaction at Ardmore II is the first one this year and the second most profitable deal for the period in review. Wheelock Properties’ freehold luxury development is located in the exclusive Ardmore Park area in District 10, with all 118 units being identical four-bedroom units of 2,024 sq ft.

At Regency Suites, a 1,421 sq ft unit on the 13th floor sold for $2.97 million ($2,089 …

Two retail units at Sim Lim Square have been put up for auction by Knight Frank, with a total guide price of $4.56 million. Boasting a 99-year land tenure, the development is just a stone’s throw away from the Bugis MRT Interchange Station. Acquiring either of the two units could provide owners the opportunity to capitalise on a potential collective sale, as well as secure a higher rental yield of up to 4.7% compared to surrounding properties.

Situated in Singapore’s tech hub of Sim Lim Square, two commercial units have been put up for auction by Knight Frank with a guide price of $4.56 million. One unit is 581 sq ft and has a guide price of $1.81 million ($3,115 psf), while the 882 sq ft second unit carries a guide price of $2.75 million ($3,118 psf).

Completed in 1987 and sitting on a 78,152 sq ft plot with a …

. Celebrate International Women’s Day with us, and view our previous episodes on Real As State for greater insights into Singapore’s property market.

For many companies, an extensive refit of their office or relocation is not a viable option. However, the latest episode of Real As State by EdgeProp Singapore takes a look at what companies can do to better support women and working parents. Elizabeth Wu from Trehaus, a 12,000 sq ft co-working and preschool space in Funan mall catering exclusively to working parents with preschool children, has seen a mix of multinational corporates, small and medium enterprises, as well as entrepreneurial founders enquiring about their services.

Curated spaces such as Trehaus mean that companies do not need to lease a separate space for working parents or build a nursing room or child-friendly facilities within their office space, thus enabling them to retain their talents, especially when they become …

CDL posts 4QFY2021 net profit of $40.2 mil, up 19.6% y-o-yCDL posts net profit of $83.3 mil for 1HFY2022City Developments Limited (CDL) closed FY2022 with all-time-high earnings of $1.29 billion. The stellar performance was supported by a 27% improvement in revenue to $1.82 billion and strong operational recoveries from the pandemic, as well as notable divestment gains. The group’s hotel operations, which had been adversely affected, witnessed an impressive increase in revenue by 58% to $1.38 billion – attributed to a cumulative improvement of 48.9% in average room rates and 14.2 percentage points in occupancy.

CDL’s executive chairman Kwek Leng Beng commented that the results showed the prudent decisions they had made in terms of divestments and enhanced performance of core business segments. He also said that their hospitality portfolio was set to be a star performer in the years ahead.

Significant divestment gains made by CDL over the past …

Frasers Logistics & Commercial Trust reports that Google, the major tenant of its property Alexandra Technopark, will give up a portion of the space beginning Feb 20, 2024. This space constitutes 1.7% of the total gross rental income for Dec 2022. Nonetheless, FLCT states this will not have an impact on the distribution for the year ending Sept 30, 2023. Further announcements regarding other material developments will be made by the Manager, as deemed fit.

Google had taken up 344,000 sq ft of the Alexandra Technopark space five years ago, as reported by EdgeProp last December. However, instead of actually moving in, the US internet giant has occupied 680,000 sq ft at the neighbouring Mapletree Business City II.

Recently, Google has been among a growing list of tech companies laying off staff, despite their hiring spree lasting through the pandemic. Following their announcement, FLCT units closed at $1.24 on Feb …

Passion Wave is the newest addition to the Jurong Lake Gardens, and the first waterfront facility of its kind in the west of Singapore. Located in the heart of the Jurong Lake District, the facility is designed to provide an exciting, safe and accessible recreational experience for the public and tourists.

The facility will provide a wide range of water sports activities, including kayaking and canoeing. Visitors can enjoy the stunning views of the lake and its surrounding greenery, while learning the basics of kayaking and canoeing in a safe and controlled environment. The facility will also offer a range of educational and recreational programmes, as well as a range of water sports equipment for hire.

Passion Wave’s aim is to promote and foster appreciation of the sport of kayaking and canoeing, and to encourage the wider public to engage in active and healthy recreational activities. The facility JCube Condo…

Therapeutic gardens are emerging as a popular destination for elderly people and those with disabilities. The Jurong Lake Gardens, located in Singapore, is one such destination. With a focus on promoting and encouraging physical and mental wellbeing, the therapeutic garden provides a tranquil and serene environment for visitors to relax, exercise and interact with nature.

The therapeutic garden at Jurong Lake Gardens is designed to help visitors relax, de-stress and reconnect with nature. The garden features a range of activities and amenities that promote physical and mental wellbeing. These include walking paths, sensory gardens, water features, birdwatching, an amphitheatre, and a butterfly garden. The gardens also feature an ‘edutainment’ area, which provides educational and recreational programs for children with disabilities.

The therapeutic garden is designed to be accessible to all visitors, including those with disabilities. The gardens feature accessible paths, seating and raised beds, allowing visitors to get closer to …

The Jurong East Integrated Transport Hub (JEITH) is an integrated transport hub planned to be developed in the Jurong Lake District. It will serve as a major gateway to the district, providing improved connectivity and accessibility for residents and visitors. The hub will be located near the Jurong East MRT interchange station, offering easy access to the North-South, East-West, and future Jurong Region Lines. The hub will be connected to the upcoming CapitaLand development, which includes a 40-storey residential development with commercial spaces on the first and second storeys.

The JEITH is designed to provide an efficient and convenient transport experience for commuters and visitors alike. It will feature an air-conditioned bus interchange, public library, and community club, as well as retail spaces, eateries and other amenities. The hub will also be integrated with a covered elevated pedestrian network, allowing easy access to nearby attractions and facilities such as the …

Jurong Lake Gardens is a sprawling urban oasis located in the heart of Singapore. The Gardens, formerly known as Jurong Lake Park, is a dynamic ecosystem of lush greenery, tranquil waterways, and diverse recreational activities. Spanning over 70 hectares, the Gardens is home to a variety of flora and fauna, as well as numerous man-made attractions that draw visitors from all around the world.

At Jurong Lake Gardens, visitors can enjoy a variety of activities, from leisurely strolls along the Neram Streams to a leisurely paddleboat ride on the lake. The Gardens also has a variety of trails for hikers, including the Kranji Trail, a 6.7 km loop which passes through a variety of habitats, from wetlands to forests and grasslands. The Gardens also offers a number of nature activities, from bird watching to gardening and night walks.

The Gardens is home to a variety of attractions, ranging from the …

The Singapore Land Authority (SLA) has gazetted the acquisition of Jurong Country Club (JCC) for the construction of a high-speed rail terminus.

This marks a major milestone towards the completion of the Kuala Lumpur-Singapore High-Speed Rail project. The terminus will be located in the western part of Singapore and will be connected to the rest of the country via the North-South Corridor, the Circle Line and the Jurong Region Line.

The JCC was chosen as the site of the terminus due to its strategic location and its existing infrastructure. The site is located near the Jurong Gateway area, which is home to a variety of business, residential and leisure facilities. The site is also well-connected to the rest of Singapore via the North-South Corridor, the Circle Line and the Jurong Region Line.

The terminus will be a key component of the Singapore-Kuala Lumpur High-Speed Rail project, which is scheduled for …