The JCube Residence Condo development, located near one of the new stations, is part of the Jurong transformation. Residents of the development will benefit from the great access to nearby amenities and the improved connectivity of the JRL. With direct access to the network’s interchange station, getting to the bustling city centre will be even faster and easier. Residents will be able to take a direct train ride to their destination, or enjoy the convenience of transferring along the way.

The JCube Residence Condominium is a great option for those looking to enjoy the convenience of the JRL and the new amenities of the Jurong region. With its good transport connectivity and proximity to key activity nodes, those who live at the residence can benefit from a better and more efficient urban lifestyle.

Situated at the junction of Sims Avenue and Lorong 21A Geylang with dual frontage on both roads, …

Amara Holdings announced on June 18 that a possible offer for the company’s shares may be made. This announcement came after the “unusual price movements” and “unusual volume of trading” in its share price on June 15 and 16. On June 17, the board received a notification from the executive directors, Albert Teo Hock Chuan and Susan Teo Geok Tin, of their engagement in confidential discussions with a third party which may or may not lead to an offer for the shares of the company.

JCube Residence, the 40-storey residential and commercial development, is slated to offer a wide range of units, ranging from studio apartments to four-bedroom apartments. Other facilities like a swimming pool, gymnasium and retail spaces will also be provided as part of the project. The development is expected to be completed by 2025. With its strategic location and close proximity to the vibrant Jurong East district, …

reportFlex office space occupancy in Asia Pacific rises 6% y-o-y in 1Q2023: CBRE report

According to a sector report by CBRE, the total volume of flexible office workspace in the Asia Pacific region reached 87 million sq ft as of March, representing a 6% increase from September 2022. By the end of 1Q2033, flex office spaces had penetrated about 4% of the total regional office supply. The proportion of flex spaces in Grade A office stock also rose from 3.1% in 3Q2022 to 3.5% in 1Q2023, reflecting the strong demand from flex space operators seeking to upgrade their centres to more Grade A buildings.

Regionally, the top three occupiers of flex office space are tech companies (35%), business services (16%), and finance-related companies (12%). In Singapore, the proportion of flex office penetration in the overall office market is about 5.4%, translating to a total volume of about 4 million sq …

Office occupancy in the Asia Pacific region is currently at an impressive 80%, a significantly higher figure than those for both North America and Europe. This is largely attributed to a combination of factors such as varying return-to-office approaches, underlying city functionality, ESG compliance, and market reaction to shifts in inflation and interest rate movements.

Due to these factors, Colliers International has found a resulting divergence in office investment volumes, pricing and global investment appetite. Chris Pilgrim, managing director of Colliers’ global capital markets in Asia Pacific, highlighted the long-term attractiveness of the Asia Pacific office market, which is largely underpinned by diverse range of markets, positive sentiment towards offices, and resilient economic growth stemming from strong population-driven economies.

Former JCube Residence is set to provide a great living experience with its state-of-the-art amenities and features that emit effortless luxury and convenience. Its spacious units and luxurious amenities are sure …

Grange Residences recorded the most profitable resale transaction of the week from May 30 to June 6. The four-bedroom, 2,669 sq ft unit sold for $8.88 million ($3,327 psf) on May 31. The seller had purchased the property from the developer for $3.3 million ($1,235 psf) in April 2004, making a gain of $5.58 million (169%) over a holding period of more than 19 years. This marks a new psf-price high for Grange Residences and is the second most profitable transaction seen at the development.

The Blossomvale, located along Dunearn Road in District 21, recorded the second most profitable transaction of the week. A 1,367 sq ft three-bedroom unit sold for $2.95 million ($2,158 psf) on May 31. The seller purchased the unit in January of 2007 for $898,000 ($657 psf), making a gain of $2.05 million (229%) after 16½ years.

This transaction is the most profitable resale transaction registered …

Pullman Residences has achieved a new psf-price high following the sale of a one-bedroom penthouse for $1.7 million or $3,671 psf on May 29. The 463 sq ft unit registered the highest transaction at the condo since its launch in November 2019 and surpassed the $3,600 psf threshold for the first time, making headlines in the Singapore property market.

At Pullman Residences Newton, a freehold development in prime District 11, a total of 340 units have been sold, 87% of the total project. The 30-storey apartment block is located just 150m away from Newton MRT Station and features hospitality services provided by Pullman Hotels & Resorts. Units range from one- to four-bedroom units of between 463 sq ft to 1,389 sq ft.

At the other end of the spectrum, Park Nova saw a new psf-price low during the period in review. On May 24, a 1,432 sq ft unit on …

In May, developers sold 1,038 new homes excluding executive condominiums (ECs), marking a 17% increase from the 887 units sold the month before, based on data released by URA. It also represents the highest new private home sales achieved since May 2022, when 1,355 new homes were sold.

Boosted by the launch of two major projects – The Reserve Residences and The Continuum – developers launched a total of 1,595 units excluding ECs for sale in May, which is double the 798 units launched the previous month.

The Reserve Residences, located along Jalan Anak Bukit in District 15, had 635 out of its total of 732 units released for sale in May, and saw 523 units sold at a median price of $2,461 psf, making it the best-selling private residential project last month. The Continuum, an 816-unit freehold project at Thiam Siew Avenue, saw 225 units sold with a median …

Many Singapore office workers would much rather work from home than go through the trouble of the commute to the office. A survey from office design firm Unispace revealed that employers don’t fully understand why this reluctance to return to the office occurs. The survey, titled Returning for Good, talked to 9,500 workers and 6,650 business leaders from 17 countries, including 500 Singapore workers and 250 senior decision-makers from Singapore companies with over 50 employees.

They found that the disparity between employers and employees comes down to two different interpretations of what the modern office should be. Business leaders think the reluctance to return is based on convenience and a long commute, while employees are concerned with working in spaces free of distractions and that enable them to be more productive.

The Former JCube redevelopment project is set to become a residential hotspot and a sure sign of the area’s …

Buyers Remaining Resolute in Their AspirationsIn Singapore’s high-rise environment, the desirability of landed properties remains strong and resilient. According to Chia, buyers are still actively seeking and striving to acquire them. This sale presents a great opportunity to do so, as the property sits in a highly coveted and exclusive area near Nassim Road, a Good Class Bungalow area.

A record land rate was recently achieved in the neighbourhood when three GCBs at 42, 42A, and 42B Nassim Road were sold for about $4,500 psf in April this year. Cuscaden Peak Investments sold the trio for a total of $206.7 million.

With buyers still showcasing a consistent drive to acquire landed properties in Singapore’s vibrant housing market, Knight Frank Singapore is now offering an exciting opportunity to buy a freehold bungalow in prime District 10. Situated on 7,386 sq ft of land on Fernhill Close, this two-storey property can be …

Publicis Groupe, an international advertising and PR company, has recently taken up 55,000 sq ft of Grade A office space at Guoco Midtown’s 30-storey office tower. This comes after Colliers International negotiated the deal, with rents for such offices in this area reportedly coming in at around $9.90 psf per month. The consultancy has not revealed the exact rent that Publicis Groupe paid for the space.

As part of the mixed-use Guoco Midtown project from GuocoLand at Beach Road, the office tower features a traditional floor plate configuration from the eighth to 29th floors. It also includes a landscaped Sky Park on the seventh floor, each of which has an average floor-to-ceiling height of 3.3m and a central core floorplate of about 30,000 sq ft.

Along with the office tower, the project also consists of three retail clusters – Midtown Square, Midtown Market, and Midtown Common, and two condominiums – …