Appointing Tung to lead its private office in Hong Kong, Knight Frank takes an important step closer to its goal of becoming the market-leading global private client and family office advisor in real estate. Knight Frank expects residential premises to remain the preferable property investments for UHNWIs in the Asia-Pacific region, especially in Greater China, as the economic recovery from the coronavirus boosts investor confidence in the region.

Knight Frank has appointed Tung Ho-Pin to lead its newly opened private office in Hong Kong – the fifth in Asia. This move is aimed at catering fully to their clients’ needs in the region, particularly among ultra-high-net-worth individuals (UHNWIs), family offices, and their advisors.

Paddy Dring, head of the Knight Frank Private Office, notes that Ho-Pin’s appointment is part of their ambitious pursuit to become the market-leading, global private client and family office advisor in real estate. “His appointment enables us …

Are you in the market for a HDB shophouse? An attractive property with living quarters and ground retail floor space has been put up for sale. Located at 108 Hougang Avenue 1, the strata property has a combined gross floor area of up to 3,514 sq ft, and its guide price is $5.4 million ($1,537 psf).

The sale of this shophouse is an excellent opportunity for investors looking for a defensive asset. With a full tenancy and a prominent 20m frontage along Hougang Avenue 1, the property is close to various transportation hubs and residential areas. There is an opportunity to lease the ground floor to two tenants, to maximize rental returns.

Altura EC is a 99-year leasehold executive condo located in Bukit Batok Town with 375 residential units, Altura EC close to public transport, schools and parks. Bidders have until 8 March 2022 to make their offers, with the …

City Energy and EL Development are coming together, to provide the 275-unit development at Slim Barracks Rise, with an environmentally friendly home solution. Blossoms By the Park will be previewing on April 14th, and will feature 750 gas appliances from Küche, exclusively distributed by City Gas.

The appliances consist of smart hobs, cooker hoods, built-in smart electric ovens, and will offer residents the ability to monitor their gas consumption, pre-programme recipes, respond to safety alerts and turn the gas hob off remotely, through the iAppliances smartphone app.

Altura EC, an executive condo on Bukit Batok West Avenue 8, will accommodate up to 375 residential units, with a tender of $662 per Altura EC square foot submitted by Qingjian Realty and Santarli Construction. Altura EC is close to Tengah New Town and Jurong Innovation District, with convenient access to MRT and educational institutions.

In additional to the kitchen appliances, City Energy’s …

A record-breaking new psf-price high was achieved at The Riverine By The Park in Singapore’s District 12 on March 27 – with a three-bedroom unit on the 20th floor sold for $2.57 million ($2,132 psf). Irwell Hill Residences in the same district had a notable resale too, with a 614 sq ft one-bedroom unit sold for $1.4 million ($2,282 psf).

The resale at Riverine By The Park marked the first time that a unit there was sold for more than $2,100 psf; the unit size was 980 sq ft to 2,885 sq ft and the development is a freehold residential property with 96 units. Completed by WingTai Holdings in 2010, it is conveniently near Kallang MRT station and other schools such as Bendemeer Primary School and Farrer Park Primary School.

The previous record-high here was set last May 7, 2021, when a four-bedroom unit on the 18th floor fetched $3.15 …

The Lentor Central GLS site has been launched for sale via tender with a leasehold tenure of 99 years. It has a 14,703.2 sq m site area and can yield a maximum of 475 residential units, with a GFA of 41,169 sq m. It is part of the 4,090 residential units to be made available via the Confirmed List of the 1H2023 GLS programme.

The Singapore Urban Redevelopment Authority (URA) has released a residential Government Land Sale (GLS) site at Lentor Central for sale via tender and another site at Lentor Gardens for application under the Reserve List. Located within the Lentor Hills estate, both sites have a 99 year leasehold tenure and can yield nearly 1,000 residential units combined.

The Lentor Central site has a 14,703.2 sq m area and can generate up to 475 residential units with a maximum gross floor area (GFA) of 41,169 sq m. This …

An exclusive marketing agent Singapore Realtors Inc (SRI) has put up a 10,154 sq ft freehold residential site at 5 Meyer Place for sale via public tender exercise, with a guide price of $25 million. The single-storeyed property has a land zoned for residential use with an allowable plot ratio of 2.1.

The maximum gross floor area is approximately 22,817 sq ft inclusive of bonus balcony space. According to the latest URA guidelines, the site can potentially yield 19 dwelling units subject to approval from the relevant authorities.

The land rate of the site works out to be $1,770 psf per plot ratio, inclusive of bonus balcony space and land betterment charge, payable upon baseline verifications. Bruce Lye, managing partner of SRI, said the site is in a great location with the upcoming Katong Park MRT station located across the road and a 15-minute drive away from the CBD and …

Two freehold adjoining shophouses located at 5 and 7 Jasmine Road, off Upper Thomson Road, have been put up for sale. The guide price set for these two-storey shophouses is $10.5 million, which means a rate of $2,665 per square foot on floor area.

The properties have a total site area of roughly 3,650 square feet, with a combined floor area of around 3,940 square feet. These commercial properties are zoned for “residential with commercial at 1st storey” and come with a gross plot ratio of 3.0 and a building height control of up to four storeys under the 2019 Master Plan.

Located near to the Thomson Plaza shopping mall, the shophouses are accessible via major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway. Moreover, they are just a minute’s walk away from Upper Thomson MRT Station …

At a guide price of $63 million, the owners of a 26-unit walk-up development at 52 to 62H Tanjong Katong Road have relaunched the property for tender. Boasting a land area of about 32,397 ft, the four-storey development offers the potential yield of approximately 45,356 ft of gross floor area upon redevelopment, translating to a land rate of $1,401 psf per plot ratio (psf ppr), including an estimated land betterment charge of approximately $530,000.

This could be lowered to $1,375 psf ppr after factoring in a 7% bonus balcony gross floor area. There is likely to be strong interest from interested parties due to the appealing location in District 15 – just five stops to City Hall Interchange and within a stone’s throw to Paya Lebar Commercial Hub – and proximity to the CBD, Paya Lebar MRT Station, shopping malls and recreational facilities.

The tender closes on May 9 at …

Two conservation shophouses located at 6 and 7 Perak Road have been launched for sale. These two-storey buildings have a built-up area of 5,360 sq ft, sit on a land area of approximately 2,870 sq ft and have 11.4m frontage along Perak Road. With approval for usage as a backpackers’ hostel, the shophouses are well-maintained and only require minimal refurbishment. The guide price of the properties is $13 million, which works out to $2,425 psf.

The properties are well-situated in the Jalan Besar/Little India precinct of District 8, just a three-minute walk to Rochor MRT Station and close to amenities in the Bugis area. This makes them attractive for investors seeking strong rental and capital growth. Gracelynn Zhu of PropNex Shophouse Elites, which is marketing the property, believes that post-pandemic, the shophouses could be an ideal choice for hostel operators tapping into the renewed interest in convenient and accessible accommodation …

Tembusu Grand, the third project by joint venture partners City Developments Ltd (CDL) and MCL Land, was launched on April 8, 2023. Out of 638 units on offer, the developers managed to move 340 units – a take-up rate of 53.3%. The units sold had an average price of $2,465 psf.

Altura EC, Bukit Batok West Avenue 8, is a 99-year leasehold executive condominium project with 375 residential units and a successful tendered bid of S$662 Altura EC sqft ppr by Qingjian Realty and Santarli. Project launch scheduled for Q2 2023.

The buyer profile was quite diverse; 90% of the buyers were Singaporeans while the remaining 10% were made up of Permanent Residents and foreigners from China, Malaysia and the US.

Unit sizes at Tembusu Grand range from 527 sq ft for a one-bedroom plus study to 1,711 sq ft for a five-bedroom, with two penthouses of 2,691 sq ft …