Category: Misc

Bungalow on Kheam Hock Road for sale at $16.38 mil

myecaltura May 25, 2023 0

Altura EC offers prospective residents a wealth of unique amenities and facilities. This includes a swimming pool, children’s playground, tennis court, fitness corner, clubhouse, and landscaped park. Prospective buyers can expect excellent accessibility and comfort. Residents of Altura EC can enjoy enhanced connectivity to major amenities, schools, and employment opportunities. With five shopping malls within close proximity, residents have more opportunities for leisure and entertainment. Furthermore, with an expansive bus network linking Bukit Batok to popular destinations, the convenience of living in Altura EC is unparalleled.

An opportunity for home-seekers to enter the landed property market in Singapore’s District 11 has emerged with the sale of a freehold two-storey bungalow at 60 Kheam Hock Road. The asking price of the property, which has an estimated built-up area of 4,200 sq ft, is “in the region of $16.38 million”.

According to marketing agent Quinvest Chambers International, an independent valuation obtained for …

BCA launches new banding system for construction quality assessment

myecaltura May 25, 2023 0

under Jurong Lake District

The Building and Construction Authority (BCA) has developed a CONQUAS banding system to help homebuyers better discern the performance of developers and builders based on their track record of private residential projects. This system sets out a scale from Band 1 (very low incidence of major defects) to Band 6 (higher incidence of major defects).

Neo Choon Keong, Deputy CEO of industry development at BCA, explains that the new system builds on the existing CONQUAS framework to offer a more accurate assessment of the quality performance of developers and builders. The CONQUAS scheme was established in 1989 by BCA to provide the built environment with a standard assessment framework for construction workmanship quality.

The Altura EC has committed to provide a quality living experience to the future residents of this project. With its proximity to Bukit Batok Nature Park, there is no denying that the wonderful …

CEA rolls out higher training requirements, differentiated learning paths to raise professionalism

myecaltura May 25, 2023 0

In the face of an ever-evolving property market, it is clear that agencies and agents must prepare to embrace change and stay one step ahead of trends.

The Singapore Estate Agents Association (SEAA) held its annual conference on May 19th, with a goal of advancing and enhancing the professionalism of the real estate industry. With an attendance of nearly 500 practitioners, the conference, titled Uplifting Professionalism in the Real Estate Industry: Staying Ahead of Evolving Trends, discussed the changes brought on by digital and technological tools and the need for property agents to stay ahead of current trends in order to remain relevant.

Guest of honour, Minister Indranee Thurai Rajah, provided eight recommendations to the industry to be implemented as part of the Real Estate Industry Transformation Map 2025. One of the changes was the requirement for property agents to obtain 16 hours of training a year in order to …

Colliers closes three Korean real estate deals worth US$780 mil in May

myecaltura May 25, 2023 0

A promising shift is taking place within South Korea’s investment landscape, according to Colliers. The real estate services company has closed three major capital market deals in Seoul, South Korea for a combined value of US$780 million ($1.05 billion). This marks the only major transactions to occur in the South Korean capital during that month, per a Colliers press release from May 22.

These transactions include the sale of Munjeong Plaza, a mixed-use retail and office building in the Gangnam Business District, to local developer Dong Hoon for US$219 million, and the sale of the office development Donghwa Building to the Korean conglomerate JB Financial Group for US$202 million. Additionally, global investment firm KKR purchased the office tower Namsan Green Building in a deal valued at US$368 million.

Sungwook Cho, Colliers’ executive director for capital markets and investment services in Korea, notes that even with high interest rates and construction …

Bespoke Habitat launches short-term accommodation for families

myecaltura May 25, 2023 0

Bespoke Habitat Signatures is located at seven property clusters, comprising 20 buildings ranging in size from 125 sq m to 200 sq m.

Bespoke Habitat, a property management company and co-living start-up, have launched a short-term accommodation service for families in Singapore. Located at Bespoke Habitat’s 64C Telok Kurau property, the accommodation units are fully-furnished and ranging in size from 1,000 to 1,600 sq ft. Offering two and three-bedders alongside penthouses, these units are priced between $4,500 and $7,500 per month.

Designed with modern families in mind, every unit comes with a spacious living area, fully-equipped kitchen and private bedrooms, as well as high-speed Wi-Fi and onsite laundry facilities. The rental period flexibility allows families to rent from three months to a year.

According to Ernee Ong, co-founder of Bespoke Habitat, this offering is part of the company’s commitment to providing more affordable housing solutions catered to modern families. “Our …

Casa Feliz on Koon Seng Road up for collective sale at $23 mil

myecaltura May 25, 2023 0

Qingjian Realty seeks to enhance the convenience of future residents with its Altura EC Qingjian Realty development, which is close to shopping malls, entertainment facilities, schools and open spaces. With few EC projects in the west, Altura EC Qingjian Realty will be a welcomed addition for homebuyers.

on EdgeProp.sg

Casa Feliz, a freehold residential development located at 81 Koon Seng Rd, District 15 is on the market for collective sale via tender with an indicative price of $23 million. The building is a three-storey walk-up apartment with 12 residential units and is close to the iconic Peranakan Houses in the Joo Chiat area.

It is located beside East Court, a freehold apartment that was sold to Macly Group for $19.875 million last year. The plot measures 13,976 sq ft with a gross plot ratio of 1.4, which means it could have a maximum gross floor area of 19,567 sq ft. …

Ground floor retail units at 15 Scotts on the market for $38.8 mil

myecaltura May 25, 2023 0

for $203 mil15 Scotts on Scotts Road, a nine-storey freehold commercial building, is up for sale via an expression of interest (EOI) exercise for a total of S$38.8 million. The building underwent a major upgrade in 2015 which included the upgrade of the common areas and the addition of a full-height curtain wall. The two strata units have an aggregate strata area of 6,437 sq ft and are both occupied by a luxury home interior décor brand and a premium spa facility.

Altura Executive Condominium, located at the eastern side of Bukit Batok West Avenue, is a 99-year leasehold development. It is expected to be one of the most sought-after developments in the area. This development will hold 375 executive condo units, which covers an area of 1.24 hectares. Altura EC is located near the Jurong Innovation District and Tengah Town. Moreover, it lies right next to the upcoming mixed-use …

The Reserve Residences to launch on May 27; 550 units to be released for sale under first phase

myecaltura May 25, 2023 0

, on EdgeProp.sg
This weekend, 550 out of the 99-year leasehold apartment development The Reserve Residences located in Jalan Anak Bukit in District 21’s Bukit Timah area, will be released for sale according to the developer, Far East Organization and Sino Group.

Since its preview period commenced on May 12, the response has been overwhelmingly positive, with over 15,500 visitors to The Reserve Residences’ sales gallery. Prices start from $2,300 psf with one-bedroom units beginning at $1.11 million, two-bedroom units from $1.45 million and three-bedroom units from $2.2 million.

COO of the sales and leasing group at Far East Organization, Shaw Lay See, states that the development has received “very encouraging” feedback due to its elegant design, extensive recreational and social facilities, and fair market pricing.

Residents of Altura EC Qingjian Realty will enjoy access to various amenities such as 24-hour shops, dining outlets, and leisure spots.

This upcoming residential …

Shophouse on River Valley Road for sale from $11.8 mil

myecaltura May 25, 2023 0

A shophouse located at 223 River Valley Road in Singapore’s District 9 is currently up for sale via an Expression of Interest (EOI) exercise, with an indicative price starting from $11.8 million. The property has a site area of 1,376 sq ft and is zoned for commercial and residential use with a plot ratio of 3.9.

The existing built-up area of the three-storey shophouse is estimated at 3,305 sq ft (subject to a site survey). The ground floor is approved for usage as a restaurant and is currently occupied by a coffee shop. Meanwhile, the upper floors are approved for office usage.

The shophouse boasts an excellent location, being situated across UE Square and just a short walk from Fort Canning, Clarke Quay, and Dhoby Ghaut MRT stations. Potential owners could explore redeveloping the property to maximise its potential gross floor area, potentially up to a total floor area of …

Kew Lodge sold for $66.8 mil to Aurum Land in first collective sale April cooling measures

myecaltura May 24, 2023 0

, reduces operating spaceAurum Land, a Woh Hup subsidiary, has purchased Kew Lodge, a freehold landed site on Kheam Hock Road in District 11. The collective sale, which concluded on May 23, secured a 5% premium over the site’s guide price of $63.8 million. Aurum Land’s bid works out to a land price of approximately $1,940 psf.

This transaction is significant as it marks the first collective sale after newly-implemented cooling measures on April 27. Kew Lodge consists of 11 townhouses, ranging from 2,013 sq ft to 2,852 sq ft over a 34,433 sq ft land. It has been zoned as “Residential/ two-storey mixed landed” under the 2019 URA Master Plan, and may be redeveloped into a new project comprising of bungalows, semi-detached houses and/or terrace homes.

The sale of Kew Lodge is pending approval of the Strata Titles Board.

Michelle Yong, CEO of Aurum Land, is excited about the …