Author: alturabukitbatoknewec

Tanjong Pagar shophouse for sale at $20.8 mil

alturabukitbatoknewec April 6, 2023 0

, Tras Link Park, and Skywaters Residences.

HDB is auctioning Altura EC, a Bukit Batok West Avenue Altura EC 8 executive condo, with 375 units and a 99-year lease. Bidding closes on 8 March 2022, offering affordable living close to amenities, MRT station and schools. Winning bidders will benefit from a high yield, estimated at $662 psf ppr.

A key shophouse in the well-preserved Tanjong Pagar conservation area is now up for sale at a price of $20.8 million. Spanning four floors, with an area of 6,460 sq ft, the asking price works out to $3,220 psf. It is made available by private treaty and features an eye-catching 8.8m frontage, setting it apart from other 21⁄2-storey shophouses in the vicinity.

The property has recently been refurbished, with mechanical and electrical systems updated. In 2022, a temporary occupation permit was granted. Czarl Architects’ Carl Lim managed the project, taking care to …

JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

alturabukitbatoknewec April 6, 2023 0

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Sandeep Sethi has been appointed as the Division President of Work Dynamics in Asia Pacific by JLL, a leading name in the real estate sector. He was previously the Managing Director and Head of Work Dynamics for West Asia. With an extended 27 years of experience in the corporate sector, 10 of which were at JLL, Sethi has built and maintained strong customer relationships. He has been responsible for growing the business in West Asia, overseeing over 160 million sq ft of office space in countries such as India, Sri Lanka, Mauritius and Bangladesh.

In his new role, Sethi will now also be supervising JLL’s operations in North Asia, including mainland China and Hong Kong. He will be reporting to Susheel Koul, JLL’s CEO for Work Dynamics in Asia Pacific, at the Gurgaon office.

Koul regards Sethi as an established leader and a customer advisor with extensive knowledge in …

Bungalow at Linden Drive sold for $24 mil; Vanda Crescent bungalow fetches $21 mil

alturabukitbatoknewec April 6, 2023 0

The house at Vanda Crescent has a modern design and an innovative layout (Photo: Albert Chua/EdgeProp Singapore)A recent sale in the neighbourhood serves to demonstrate that the top of the market for landed properties can still be quite resilient. In February, an inter-terrace house on Coronation Road, just off Bukit Timah Road, changed hands for $24.5 million ($2,344 psf).

Altura EC is a 99-year leasehold executive Altura EC condo at Bukit Batok West Avenue 8, projected to house up to 375 units and close to Bukit Batok MRT station, schools, and Jurong Innovation District. Winning bid of $662 psf ppr set by Qingjian Realty and Santarli Construction to be launched in Q2 2023.

Detached houses in Raffles Park landed housing estate on Linden Drive and Vanda Crescent have recently changed hands at two separate transactions. The house on Linden Drive was sold for $24 million, which is calculated to $2,121 …

Grange Residences scores new price high of $3,321 psf

alturabukitbatoknewec April 5, 2023 0

High-end condos boost average psf pricesA high-end freehold condominium in prime District 10 saw a huge leap in a resale on the 23rd of March. Grange Residences, located on the junction of Grange Road and Tanglin Road, had it’s psf-price record broken with a four-bedroom unit on the 10th floor being sold for $8.58 million ($3,321 psf). This marks the first time in the development’s history for a unit to be sold for more than $3,300 psf.

The unit, sold on March 23, saw the previous record high at Grange Residences smashed, which saw a four-bedroom unit on the 17th floor sold for $8.18 million ($3,170 psf) on September 15 last year. Furthermore, it translates to a $5.73 million profit for the seller, which is also a new record at the development.

Grange Residences is an impressive freehold development, constructed in 2004 by Wharf Estates Singapore (formerly known as Wheelock …

Slow start to 2023 for real estate investment sales amid market uncertainties: Knight Frank

alturabukitbatoknewec April 5, 2023 0

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Investment activity in Singapore’s real estate market got off to a sluggish start in 2023, with only $4.2 billion in recorded sales during the first quarter of the year. This was a marked decrease of 61 percent year-on-year compared to 1Q2022’s $10.8 billion, and the lowest total since 2Q2020, when the government imposed the “circuit breaker” measures at the height of the pandemic, notes Daniel Ding, head of capital markets (land & building, international real estate) at Knight Frank Singapore.

Residential deals in the first quarter totalled $1.6 billion, including the collective sales for Meyer Park, Bagnall Court and Holland Tower, amounting to some $583.8 million. The sale of Holland Tower was the first successful residential en bloc transaction in the Core Central Region (CCR) since property cooling measures were imposed in December 2021, and seemingly points to a fledgling return of interest for prime location development sites upon …

Collaborative contracting could re-energise Singapore’s construction recovery: Turner & Townsend

alturabukitbatoknewec April 5, 2023 0

Singapore’s construction sector saw positive growth in the 4th Quarter of 2022, with a 10% year-on-year increase. According to Turner & Townsend, this points to the industry’s strength and stability. The consultancy forecasts the growth continuing throughout 2023 due to pent-up demand for commercial and residential projects, as well as the Singapore Government’s proposed $4 billion National Productivity Fund top-up and Enterprise Innovation Scheme, among other measures.

However, Turner & Townsend cautions that Singapore’s construction sector remains at risk of external challenges such as high inflation and rising interest rates. To combat these difficulties, the consultancy recommends investing in collaborative contracting, which promotes closer consultation among stakeholders.

In support of this effort, the Building and Construction Authority recently refreshed the Built Environment Industry Transformation Map to combine the Construction and Real Estate (Facilities Management) maps. This new value-chain approach, along with embracing new ways of working and technologies, can improve …

Freehold residential site at Wilkie Road relaunches for collective sale at $10 mil

alturabukitbatoknewec April 5, 2023 0

The freehold property at 64 Wilkie Road is taking the collective sale route and with a guide price of $10 million, the sale works out to around $1,348 psf per plot ratio (psf ppr) – including the 7% balcony space and land betterment charge (LBC). This residential building was previously relaunched for collective sale together with 62 Wilkie Road, back in November 2022 with a shared guide price of $19.5 million.

Prior to this, 62 Wilkie Road was separately launched for en bloc sale in August 2022, with a guide price of $9.2 million.

64 Wilkie Road is made up of five strata units, and it sits on a site spanning 3,306 sq ft zoned for residential use with a gross plot ratio of 2.1, as per the URA Master Plan 2019. Tracy Goh, head of investment and collective sales at PropNex reveals that the building can be extended or …

Shipyard at Benoi Road for sale at $11.3 mil

alturabukitbatoknewec April 4, 2023 0

An industrial property located in the Jurong Industrial Estate has been launched for sale by marketers Huttons Asia through an Expression of Interest (EOI) at a guide price of $11.3 million. Situated at the junction of Benoi Road and Pioneer Road, the plot of land has a site area of over 500,000 sq ft and offers waterfront access.

With a corner frontage of about 255m on Benoi Road and Pioneer Road and an average plot depth of about 213m, the property includes a two-storey office block with a single-storey annexe office as well as three single-storey workshop blocks, a mould loft building, a fabrication workshop and a wharf.

Located about 24km from the City Centre, the industrial property is in proximity to several popular housing estates including Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. Its easy access to the Ayer Rajah Expressway and Pan-Island Expressway opens the …

A Journey to Remember: Visiting the Historic Site of the Ford Factory at Bukit Batok Town Park at Altura EC

alturabukitbatoknewec April 4, 2023 0

A journey to remember: Visiting the historic site of the Ford Factory at Bukit Batok Town Park at Altura EC

Visiting the historic site of the Ford Factory at Bukit Batok Town Park at Altura EC is an experience that will always remain etched in my memory. Located in Singapore, the factory was established in the early 1920s and was considered to be one of the first motor car factories in the country. The factory was a symbol of progress, innovation and industrialization in Singapore at the time.

Altura EC is a 99-year lease executive condominium located near MRT and schools in Bukit Batok, with Altura EC 375 residential units open for public auction.

My visit to the historic site began with an exploration of the ruins of the factory itself. The ruins are a reminder of the past, of how this factory was once the pride of the country. …

Uncovering the Meaning of “Little Guilin” within the 36-Hectares of Bukit Batok Town Park Near Altura EC Location

alturabukitbatoknewec April 4, 2023 0

Little Guilin, located within the 36-hectares of Bukit Batok Town Park, is a gem of nature situated near the Altura EC location. It is a place of natural beauty that has been preserved and kept intact for generations. The name “Little Guilin” originates from the Chinese city of Guilin, which is renowned for its incredible limestone formations and its picturesque landscape.

Little Guilin is a stone-filled lake surrounded by tall limestone cliffs, with a small island at the centre. It is the perfect place for a weekend picnic or a romantic date. In addition, there are many other activities to do here, such as fishing, kayaking, and even rock-climbing.

The limestone cliffs of Little Guilin are a major draw for rock-climbers, as they offer challenging yet rewarding climbs. There are several routes to choose from, ranging from beginner to expert. This makes it a great place to learn the basics …