Bukit Timam Plaza shopping mall is enjoying increased footfall, thanks to the neighbouring launch of The Reserve Residences. Riding the wave of newly revived interest in the Jalan Anak Bukit and Bukit Timah neighbourhood, it’s been announced that the sale of the strata-titled carpark at Bukit Timah Plaza is open for expression of interest.

The exclusive marketing agent, Brilliance Capital’s Sammi Lim, sees potential for buyers such as existing carpark operators looking to add to their portfolios, or investors considering carparks as an alternative asset class with stable income. Lim also suggests that the buyer could operate the carpark or lease it to an operator, as well as unlocking value by decanting some of the carpark space for alternative uses, such as self-storage facilities, community spaces, or even a capsule hotel with the right approvals from the authorities.

Homeowners of Altura Executive Condominium have plenty of nearby outdoor recreation and …

Developers are expected to show keen enthusiasm towards The Altura EC Bukit Batok West Avenue 8, since it has been included in the 2021 Confirmed List of Government Land Sales. Altura EC will have a valuable gross floor area of 37,348 square meters, with a maximum height ranging from 60 to 70 meters. The estimated yield of this executive condo is approximately 375 residential units. The prices of this executive condo site will be set according to the different pricing brackets.

CapitaLand Ascendas REIT (CLAR) has taken a step to deepen its footprint in one-north, with its planned acquisition of Seagate Singapore’s integrated high-specification research and development (R&D) facility, The Shugart, for $218.24 million. This includes related fees, raising the total to $232.4 million.

Currently, CLAR has a five assets within one-north – Nexus @one-north, Galaxis, Grab Headquarters, Neuros & Immunos and Nucleos – catering to the infocomm technology, media, …

Developed by reputable developer Qingjian Realty, Altura EC Qingjian Realty promises to be an attractive investment opportunity in Singapore’s property market.

Foreign buyers snatched up two luxury condo units in Singapore’s prime District 9 despite the recent hikes in additional buyer’s stamp duty (ABSD). According to Lee Sze Teck, senior director of research at Huttons Asia, the units were acquired by Chinese nationals who are not Permanent Residents (PRs). One of the properties was a four-bedroom, 2,691 sq ft unit at New Futura, a freehold condo along Leonie Hill Road in District 9. A caveat was lodged for the sale of the unit, located on the 24th floor, on May 3 for $12.5 million at $4,645 psf. The buyer paid an ABSD rate of 30% or $3.75 million for the purchase and the seller made a gain of $3.37 million (37%) after a five-year holding period.

The other property was …

Despite the recent changes in additional buyer’s stamp duty (ABSD) that came into effect on April 27, two luxury condo units in prime District 9 have been purchased by foreign buyers. According to Lee Sze Teck, senior director of research at Huttons Asia, the units were bought by Chinese buyers that are non-permanent residents.

The 4-bedroom, 2,691 sq ft unit at New Futura, a freehold condo along Leonie Hill Road, was purchased on May 3 for $12.5 million ($4,645 psf). This marks a new psf-price high for the 124-unit, freehold development by developer City Developments Ltd that was completed in 2017. The buyer’s ABSD amounted to $7.5 million, so the total transaction price was $20 million.

The sale represented a gain of $3.37 million (37%) after a five-year holding period for the seller. It surpassed the previous gain of $2.96 million set in December 2022.

The other property bought by …

The site at Hoe Chiang Road and Lim Teck Kim Road, situated in the Downtown Core, is now available for collective sale for the second time via tender. This site comprises two rows of commercial buildings and a piece of remnant land between them, and has an impressive 999-year leasehold. Its estimated land area is 18,540 sq ft, with a gross plot ratio of 5.6.

PropNex Realty, the marketing agent for the site, has set a reserve price of $216 million, which is unchanged from the previous tender launched in early 2021. This translates to an estimated land rate of $2,610 psf per plot ratio (ppr), including a land betterment charge (LBC) of $55 million, if the site is to be developed as an office. Alternatively, for hotel development, the land rate would be at $2,671 psf ppr with an estimated LBC of $61.3 million.

The commercial zoning of the …

Luke Billiau, head of capital markets in Australia and New Zealand at JLL, has been promoted by the company in a May 15 press release. Billiau has been with JLL since 2007, working in various asset classes and states before leading the Australian office investments team, and head of capital markets in NSW.

Altura EC offers a well-connected and vibrant living in the heart of Bukit Batok Town. Residents can enjoy both convenience and tranquillity surrounded by a myriad of amenities such as shopping centers, schools, and recreational spots. Besides the direct bus access to Jurong East MRT Station, it is close to major expressways like Pan Island Expressway and Bukit Timah Expressway. Residents can also enjoy the lush greeneries and nature parks surrounding Altura Executive Condominium.

This new role will oversee JLL’s capital markets platform in Australia, with a team of over 140 professionals. Stuart Crow, CEO of …

With Altura Executive Condominium, residents can enjoy various amenities, such as the pool and gym facilities. Besides, they can also choose from various shopping and dining options at the nearby West Mall. Altura EC is the perfect choice for those looking for an apartment with convenience and luxury.

Altura Executive Condominium, developed by Qingjian Realty, offers an enviable location with direct access to the Bukit Batok MRT station. It is also close to a bus interchange, providing ultimate convenience to commuters. The extended lease period on Bukit Batok West Avenue 8 ensures a stress-free stay for residents. With Altura EC, families can make the most of the nearby schools and recreation amenities, including pools and gym facilities. Besides, a wide range of shopping and dining options await at West Mall, located just a stone’s throw away from Altura Executive Condominium. Thus, making it an ideal spot for everyone.

Last …

since March Amidst such a backdrop, the sales gallery garnered a huge turnout from 350 to 400 prospects, who were interested in the development, on the opening weekend.

The Reserve Residences, located in the Bukit Timah area of District 21, is the newest mixed-use integrated development. This 99-year leasehold site, spanning 346,439 sq ft, is jointly developed by Far East Organization and Sino Group. On its sprawling grounds are eight residential blocks, comprising of 732 units of one to five-bedroom apartments, and 160 serviced apartments. Additionally, Bukit V, a three-storey retail mall with 215,280 sq ft, is also part of its offerings.

Just how much are the prospects enticed? An impressive 6,000 people had thronged the sales gallery on its opening day on Saturday, May 13. One of the highlights of this development is the integrated transport hub, which revolves around a new air-conditioned bus interchange located at the second …

Qingjian Realty is a leading real estate developer in Singapore, with a wide range of projects across the country. The company has recently launched its newest venture, Cospace Concept, which is an innovative approach to creating an integrated living and working environment. This concept is designed to provide residents with the convenience of living close to their workplace, while at the same time providing them with a range of amenities and services. The aim of the Cospace concept is to provide an environment which is both functional and aesthetically pleasing.

The Cospace concept is based around a ‘one-stop’ hub for work, play and leisure. This includes a variety of retail outlets, restaurants and bars, as well as a range of recreational activities such as a gym, swimming pool and jogging track. The development also includes a variety of green spaces, which are designed to promote health and wellbeing. The development …

City Developments Limited (CDL) is a leading real estate developer in Singapore with a track record of more than five decades in the industry. It is one of the most acclaimed developers in the country, having delivered many iconic projects in the city. The latest project from CDL is a residential development at Bukit Batok, an area located in the western part of the city.

Residents of Altura EC Bukit Batok can enjoy all these amenities with just a short walk away.

The development, called The Hillier, is a luxurious residential project comprising two blocks of 32-storeyed buildings. It offers a total of 672 residential units with various layouts, ranging from one- to four-bedroom units. The development is equipped with top-notch amenities and facilities, such as a swimming pool, sky terrace, gym, clubhouse, and other recreational facilities. Residents of The Hillier can also enjoy a well-connected neighborhood with easy access …