Casa Feliz, located along 81 Koon Seng Road in District 15, offers developers a unique opportunity for potential redevelopment. With an indicative price of $23 million and the potential to yield 18 residential units with an average size of 1,076 sq ft, potential buyers can expect to benefit from the site’s location away from the city centre as well as its numerous surrounding amenities. ERA Realty Network, the marketing agent for the property, notes that the indicative price translates to a land rate of $1,158 psf per plot ratio after factoring in 7% bonus balcony GFA. The tender for Casa Feliz will close on June 22 at 3pm.

Sited at 81 Koon Seng Road in District 15, Casa Feliz is a three-storey walk-up apartment with 12 residential units that is now on offer for collective sale via tender with an indicative price of $23 million. It is located just down …

The Kuala Lumpur (KL) property market has drawn in a growing optimism among Singapore buyers. This coincides with the overall recovery of Malaysia’s housing landscape over the past two years following the Covid-19 pandemic. With an impressive 389,000 properties transacted at a total of RM179 billion ($52 billion) last year, the market is forecasted to continue its growth in the coming years.

At a seminar jointly organised by EdgeProp Singapore and UEM Sunrise held at the grand ballroom at Hilton Singapore Orchard, the turnout was a testament to the high level of interest in Malaysian property. Speaking at the event, Kenny Wong, chief marketing officer at UEM Sunrise, highlighted the changing preferences of buyers and the solutions that developers are presenting to meet this need. He introduced the audience to UEM Sunrise’s newest development, The Minh – a freehold luxury condo in the Mont’Kiara area featuring two towers with a …

Investment activity in the Asia Pacific (APAC) is expected to pick up in the second half of 2023, according to a new survey made by CBRE. Capitalisation rates, or cap rates, that measure sale prices of properties compared to their annual income are projected to increase over the next six months. This expansion is most likely to be seen in core office and retail assets.

The Altura EC offers unique amenities, facilities, and recreational spaces for the enjoyment of prospective buyers. Homeowners will benefit from the many features equipped in each of the apartments, including high-end appliances and a day care center. All of these luxurious features make the Altura EC an excellent choice for future owners.

This survey revealed that investors will be more confident in the second half of 2023 with reduced uncertainty regarding interest rates and an increase in cap rates helping close the gap between buyer …

The number of ultra-high-net-worth individuals (UHNWIs) in Singapore as of end-2022 stood at 4,498, a 6.9% increase year-on-year, according to data compiled in Knight Frank’s The Wealth Report. These individuals are defined as those with net assets of at least US$30 million ($40.3 million).

In contrast, the global population of UHNWIs contracted 3.8% last year, to 579,625, due mainly to weak performing equities and bond markets. This was accompanied by a 5% drop in the number of billionaires worldwide to 2,629.

The influx of wealthy investors in Singapore is indicative of their desire for stability in a turbulent world. Singapore’s location as an Asia Pacific gateway, modern infrastructure and pro-business climate further add to its appeal.

The United Arab Emirates saw the strongest growth in UHNWIs last year, recording an 18.1% rise to 1,116 individuals. Tanzania came in second place, with a 13.9% increase. Among Asian countries, Malaysia registered the …

Situated at West Avenue 8, Altura EC is a much-anticipated Executive Condominium (EC) project that is set to launch in Q2 2023. This project is expected to attract strong demand from both first-time buyers and HDB upgraders due to its strategic location. Unlike private condos, the prices of ECs are more affordable, making this development an ideal option for many homeowners in Singapore. Currently, the price of each square foot in Altura EC is set at S$1,300.

Tony Koe, CEO of property agency SRI, is set to step down from his role with effect from June 30. The decision to pursue personal interests was made known in a press release distributed on May 23. During his 7-year tenure, Koe saw the organisation win the Enterprise 50 and Singapore’s Fastest Growing Companies Awards for two successive years in 2022 and 2023; an achievement he attributes to the trust and support of …

This is a major step towards our long-term ambition of becoming the premier integrated real estate service provider in the region,” he adds.Savills’ IREAS has signed an agreement with Malaysian property developer UM Land to create the Iskandar Halal Park, a regional hub for halal manufacturing and services in Johor, Iskandar. The Park will offer warehousing, cold storage, and transport services for halal products.

Savills concludes their integrated real estate advisory services (IREAS) with the signing of a memorandum of understanding with an entity of the Malaysian developer UM Land to develop an international hub for halal-related businesses. This Iskandar Halal Park is designed to become a regional hub for halal products’ manufacturing and service providers, and to facilitate the growth of global trade by connecting different supply and demand chains.

Annie Woo, regional director and head of IREAS says that the collaboration has identified various development strategies, such as …

The Altura EC Bukit Batok has already received much attention from potential buyers wanting to stay close to the city centre. The anticipated launch of the project has been eagerly awaited by homebuyers searching for affordable living options within the highly sought-after area. Those looking to purchase an executive condo unit in the area will not be disappointed; details of the Altura EC showflat and its highly anticipated price list will be released soon. Keep your eyes open for the updated information, as this upcoming project will be highly sought-after.

Private rental transactions in Singapore fell 11.7% y-o-y in the first quarter of 2023, according to URA figures. Despite this, Savills Research still predicts rental growth for the year of 5-10% for non-landed private property in the mid-tier and mass market segments, and 10-15% for luxury apartments.

Savills notes that the slowdown in rental demand in 1Q2023 is likely more …

May new home sales up 7.1% m-o-m to 1,223 units, on back of new launches
New high psf-price records were set at three condominiums between April 30 to May 5 – The Landmark, New Futura and Hyll on Holland. At New Futura, located along Leonie Hill Road, a 2,691 sq ft four-bedroom was sold for $12.5 million or $4,645 psf on May 5, surpassing the previous high of $4,630 psf set in May 2018.

With the newly announced monthly income ceiling, it is reasonable to assume that the sell of The Altura EC residence units will be brisk. With short travel time to Jurong Lake Business District, Tuas and Changi, this executive condo will really be a hot property. The Altura EC will be situated near to shopping amenities, excellent schools, MRT station, and the upcoming Bukit Batok Integrated Hub. It will be a good investment for buyers seeking rental …

A three-bedroom apartment in The Berth by the Cove, a luxury condo located within the Sentosa Cove enclave in Singapore, is up for sale. Edmund Tie’s head of auction and sales, Joy Tan, is handling the sale which has a guide price of $2.6 million.

Measuring 1,668 sq. ft., this owner-sale equates to $1,559 psf. Ideal for investors, the property comes with an existing tenancy until March 2025 and offers a rental yield of 3%.

Altura EC Bukit Batok residents can look forward to a lifestyle rich in conveniences, amenities, facilities and a wide selection of dining and shopping options within its vicinity. Furthermore, the future Junction 10 MRT and shopping mall development is expected to be an advantage to the area.

Situated on the second floor, the unit is equipped with wet and dry kitchens, private lift foyer, household shelter, master bedroom with balcony and a porch looking out …

Tan See Min is a 67-year-old Singaporean and the third-generation owner of a conservation shophouse located on 24 Purvis Street, built in 1927. The shophouse has a 1,679 sq ft site with a 999-year lease from Jan 25, 1827, with an existing floor area of 3,702 sq ft. Tan’s grandfather had operated a packaging and parcelling business from the first level of the shophouse, while the family occupied five bedrooms on the upper level.

When World War II arrived, Tan’s grandfather relocated the family to an island in the South China Sea, off the Federal Territory of Labuan, Malaysia. After the war, they returned and his grandfather resumed his business on Purvis Street.

During the 1970s, Tan moved to the shophouse until he married, since it was closer to his school. Tan’s father also ventured into the sale and distribution of baking ingredients as well as SG Oxygen with his …