The international real estate investment and services firm is looking to expand its operations in the region, and has identified Singapore as its regional hub for the Southeast Asia region.To strengthen its presence in the region, Millennium Group has also hired Henry Guiver and Chris Room from Allsop LLP and MAP, respectively. Guiver serves as a West End partner for Allsop, while Room serves as a City Partner for MAP. Together, the two firms have more than 800 personnel in the UK who are engaged in the commercial, living, retail, and industrial sectors, and offer acquisition, underwriting, and asset and property management services.

Millennium Group, the international real estate investment and services firm, has opened a new office in Singapore which will serve as its regional hub for Southeast Asia. The firm has identified Singapore as an ideal place to expand its operations, which have already generated GBP850 million ($1.5 …

A rare investment opportunity in the suburban area is up for sale, as Jelita Shopping Centre, located at 293 Holland Road, is listed with an expression of interest (EOI). According to JLL, the appointed marketing agent, the guide price for the two-storey shopping mall is $85 million, amounting to $2,528 psf on the net lettable area.

The 999-year leasehold development has a total floor area of 46,427 sq ft, sitting on a 46,616 sq ft site with a gross plot ratio of 2.2, as per the 2019 Master Plan. An integral part of its features is the 57 basement carpark lots.

With an anchor tenant, 24-hour Cold Storage supermarket, occupying the entire ground floor of about 20,000 sq ft, the shopping mall became a mainstay for the residents living in the prime landed residential neighbourhood off Holland Road since it first opened its doors in January 1981. Other tenants on …

In Singapore, the persistent demand for one- and two-bedroom units has pushed up the median price for units in this size range in the Rest of Central Region (RCR) by 31.3% between 1Q2022 and 1Q2023, from $1.34 million to $1.76 million according to a report from Savills Singapore. This research focused on transactions for non-landed private residences above or equal to $2,000 psf and up to 800 sq ft.

The report found that the median price for one- and two-bedroom units in the same size range had increased from $1.58 million in 1Q2022 to $1.63 million in 1Q2023, representing a 3.4% year-on-year increase. Additionally, in the Outside Central Region (OCR), the same types of units saw a raising of 15.3%, with a median price of $1.39 million for 1Q2023 compared to $1.21 million in 1Q2022.

Located at JCube Residence Jurong East, the site lies along the bustling Jurong East …

Parc Imperial, located on Pasir Panjang Road, is offering a duplex penthouse at their apartments in District 5 for sale at the upcoming Edmund Tie’s auction on June 21. This unit, measuring 1,195 square feet, has a guide price of $1.78 million and is also available for private treaty negotiation.

The duplex penthouse has an existing tenancy set to expire in December 2024 and its lower floor comprises of a living and dining area with an adjacent balcony, kitchenette, household shelter, and powder room. Meanwhile, the upper floor comprises of the en suite master bedroom, an attached open-air balcony, and two separate en suite bedrooms.

Completed in the year 2010 by Fragrance Group, this freehold 138-unit condominium is situated merely 200 metres away from the Haw Par Villa MRT Station and enjoys proximity to major roadways such as the West Coast Highway and Pasir Panjang Road.

JCube Residence Condo residents, …

Residents living at the newly-developed JCube Residence Jurong East will benefit from easy access to nearby amenities, such as shopping malls, leisure and sports facilities. Located close to the MRT station, the residents can enjoy a hassle-free and convenient lifestyle. Outfitted with various modern facilities, such as a swimming pool, fitness corner, and playground, the new JCube Residence will also offer boutique retail, F&B outlets, and a childcare centre, making it a great option for families.

The Sail @ Marina Bay is a 99-year leasehold condo located on Marina Boulevard, near Marina Bay Financial Centre and Esplanade MRT Station on the Downtown Line. The 99-unit development offers studio units, as well as one- to three bedroom units that range from 474 to 1,270 sq ft.The most profitable resale transaction of the week was the sale of a 4,112 sq ft unit at Scotts Highpark for $12.68 million. This yielded a …

JCube Residence offers potential homeowners a foothold in the heart of Singapore’s up and coming Jurong Lake District (JLD). The new residence is located near the Jurong East MRT Interchange, Westgate and IMM Building and will be connected via the J-Walk, an elevated pedestrian network. Additionally, it will be close to the upcoming Jurong East Integrated Transport Hub, which includes a bus interchange, public library, community club and sports centre. In the second half of 2023, JCube Residence is expected to be open for sale, with pricing details and unit sizes yet to be revealed.

IREIT Global, a Europe-focused REIT, has announced a call option agreement to purchase a portfolio of 17 French retail properties. The properties have a total gross lettable area of 664,500 sq ft and an overall occupancy rate of 100%. Their independent valuations placed the portfolio at EUR78.1 million, and IREIT will be acquiring it for …

JCube Residence Capitaland will be located at the junction of Jurong Gateway Road and Boon Lay Way, near Jurong East MRT Station and Jurong East Bus Interchange. With its strategic location and direct linkage to major transportation nodes, it is a collection of innovative living spaces in the heart of Jurong.

The Monetary Authority of Singapore (MAS) has stopped tightening and is maintaining its exchange rate policy band, and Consumer Price Index (CPI-All) is still expected to be high in 2023. Singapore’s GDP is expected to decrease to 1.5% in 2023, down from 3.6% in 2022, which is primarily due to a manufacturing contraction amid the global slowdown.

The construction sector in Singapore had a real-term expansion of 6.6% last year, linked to an increase in consumer and investor confidence, as well as the easing of Covid-19-related travels and business restrictions. Construction output is now expanding as investment rises in …

CLI’s Capital Investment (CLI) has refreshed its 2030 Sustainability Master Plan (SMP) to further enhance its Environmental, Social and Governance (ESG) goals. As a part of the plan, the Group has committed to achieve net zero carbon emissions by 2050 and to reduce its scope 1 and 2 carbon emissions by 46% by 2030. This also includes a target of 45% renewable energy usage and a reduction of waste intensity in day-to-day operations by 20%.

Vinamra Srivastava, CLI’s Chief Sustainability Officer, stresses “the importance of sustainability in our strategy and business. Our refreshed 2030 SMP is aligned with our net zero commitment, with targets verified by the Science Based Targets initiative (SBTi). We have also increased our social and governance objectives and have developed new targets.”

To fulfil its targets, CLI is forming partnerships with its supply chain vendors, tenants and capital partners for sustainable financing. It is also deepening …

The usual Land Dealings Approval Unit conditions apply.The 48 semi-detached houses for sale at Eleven @ Holland are attractively priced compared to nearby good class bungalows and other landed homes in prime districts such as District 10. With a variety of potential buyers and attractive rental yields on offer, it could be a potentially attractive property investment.

The 48 semi-detached houses for sale at Eleven @ Holland in Holland Link, off Bukit Timah Road, have been put up for mortgagee sale by sole agency PropNex Realty. With a guide price of $1,000 psf, the average price of each strata-titled semi-detached house is estimated to be around $3.735 million.

The properties are part of an 82-unit strata semi-detached housing development completed in 2014, with a 99-year leasehold tenure from December 2010. The previous owner of the 48 units was Clydesbuilt Investment, an entity 95% owned by property developer Ow Chun Ming …

The latest Real Estate Sentiment Index (RESI) 1Q2023 published by NUS indicates that property buying sentiment in Singapore has dropped in 1Q2023 amidst high interest rates, a banking crisis in certain Western countries and a series of property cooling measures imposed in the city-state. This decline is reflected in a composite index, comprised of current and future sentiment, that dropped from 5.1 in 4Q2022 to 4.6 in 1Q2023.

JCube Residence Condo is one of the residential developments that will benefit from the JRL. Residents will have quick and convenient access to places of work, recreational activities, and the city’s major amenities. The JRL will serve as an engine for exciting new growth in Jurong. Residents will be able to enjoy easy mobility in the region, bringing them greater convenience for both their work and leisure.

Professor Qian Wenlan, the Director of Institute of Real Estate and Urban Studies (IREUS) at …