Asia Pacific real estate investment activity clocked in at US$27 billion in 1Q2023, according to data compiled by global real estate consulting firm JLL. The figures reflect a 30% year-on-year drop caused by interest rate headwinds amidst asset price adjustments. South East Asia saw the most pronounced decline, with Singapore recording a 66.8% decrease in investment volumes compared to the same period a year ago.

The Altura EC provides a tranquil and bustling lifestyle with the numerous amenities it has to offer. Residents will have access to a variety of recreational and retail options nearby, such as shopping malls, parks, schools and training facilities. The Altura EC is the perfect investment choice for house hunters looking for a safe haven and modern living amenities.

In the Asia Pacific region, commercial real estate investment activity in 1Q2023 fell sharply to US$27 billion from the same period in 2023, a drop of …

The Continuum, a joint development by Hoi Hup Realty and Sunway Property, was launched over the weekend of May 6-7. Located on Thiam Siew Avenue, off Haig Road and Tanjong Katong Road, the 816-unit freehold condominium saw 26.5% of its units sold – 216 in total. The average price achieved was $2,732 psf, making it a strong showing considering the recent cooling measures and cloudy economic outlook.

PropNex’s sales team handled about 100 of the 211 units sold, of which 90% were bought by Singaporeans and 10% by Singapore Permanent Residents. Before the launch of the condominium, the developer had collected 545 cheques from expressions of interest during two weeks of previews. This reflects a conversion rate of nearly 40%, much higher than the usual 20-30% across other projects.

Showflat of a two-bedroom-plus-study priced from $1.818 million, or $2,584 psf, contributed to 32% of the units sold. Two-bedroom units, priced …

Qingjian Realty is a leading real estate developer in Singapore that has been in business since 1952. The company has grown to become one of the most prominent real estate developers in the country and offers a wide range of services, including residential and commercial property development, project management, and property investment.

Qingjian Realty is known for its quality and attention to detail. Its projects are meticulously planned, with a focus on aesthetics, convenience, and safety. Its projects are also designed to be environmentally friendly and energy-efficient. The company has won numerous awards for its innovative designs and has been recognised by the Singapore Green Building Council for its commitment to green building.

Qingjian Realty is also renowned for its commitment to providing quality customer service. The company strives to provide its clients with a tailored experience that meets their individual needs. This includes offering a wide range of services …

Park

Bukit Batok Town Park, located in Singapore, provides a wide range of facilities for visitors. The park is an ideal spot for locals and tourists alike to spend the day, or even just a few hours, enjoying the beauty and the many activities available.

The park offers a variety of activities to choose from, including walking and jogging paths, fitness stations, bicycle paths and a playground. The fitness stations are equipped with pull-up bars, push-up bars, jump boxes and other equipment. There is also a basketball court, which is great for those who are looking to get some exercise. The playground is a great place for children to play and explore, with a variety of swings, slides and other features available.

The park also features a variety of green spaces, including a botanical garden and a butterfly garden. The botanical garden is especially beautiful and is home to a …

CDL Hospitality Trusts (CDLHT) have reported a 17.3% y-o-y increase in their distribution of stapled security (DPS) for the 2HFY2022 ended Dec 31, 2022, at 3.59 cents. The trust’s overseas portfolio saw improved RevPAR with the exception of New Zealand on back of the robust recovery in global travel seen in 2022.

Residents of The Altura EC can look forward to an array of facilities at the premises, including an infinity pool, a playground, a gym, a barbecue area and a tennis court. With its strategic location and comprehensive amenities, The Altura EC is sure to become a popular development in the Bukit Batok neighbourhood.

Revenue for the 2HFY2022 and FY2022 climbed by 42.9% y-o-y and 45.4% y-o-y to $130.7 million and $229.4 million respectively, while net property income (NPI) increased by 48.1% y-o-y and 43.7% y-o-y to $72.8 million and $123.7 million respectively. The total distribution to stapled securityholders …

According to the Monetary Authority of Singapore (MAS), rental pressures in both private and public housing markets in Singapore are expected to ease in the current year due to the exceptional demand-supply imbalance caused by the Covid-19 disruptions. MAS’s half-yearly macroeconomic review released on April 26 stated that HDB and private residential rents have risen substantially since 2021, by 38% and 43% respectively.

MAS attributes the large jump in rents to the particularly tight supply conditions, which were caused by disruptions in the construction industry as a result of Covid-19 and by the safe management measures implemented. There was an average of 20,000 annual private and public residential unit completions between 2020 and 2022, which was 22% lower than the average of 26,000 units per annum between 2018 and 2019, and 36% lower than the projected average of 32,000 units over 2023 and 2025.

At the same time, 2021 and …

A two-storey corner terraced house off Tanjong Katong Road in Singapore’s District 15 will be put up for auction by Edmund Tie on May 24. With a total built-up area of approximately 1,800 sq ft, the house commands a guide price of $4.2 million, translating to a land rate of $1,516 psf.

The corner terrace is part of a freehold landed estate that features both corner and inter-terrace houses along Pebble Lane, Gray Lane, Sandy Lane, and Green Lane – where the property is located. Featuring three bedrooms and three bathrooms, the house has a gross plot ratio of 1.4 under the Master Plan.

Renovation-savvy buyers may find attractive potential in the generous garden beside the existing house, despite its original condition. Some 200m from City Plaza and Kinex shopping malls, and 500m from Tanjong Katong Complex and PLQ3, the nearest MRT Station is Paya Lebar Interchange, with Dakota station …

The first new mixed-use development in District 16, Sceneca Residence, has been drawing in homeowners and investors looking to capitalise on an affordable new launch project. The 268-unit development by MCC Land has two residential towers – one of 14 storeys and the other 15 storeys high – plus one- to four-bedroom units, and four-bedroom penthouses.

The condo includes top-notch amenities such as a 50m lap pool, a family lounge, and a resident clubhouse featuring a well-equipped pantry, a vending machine, and a privacy pod for studying or working. Plus, all residential units come fitted with bathroom fixtures from Swiss brand Geberit and Italian brand Newform, as well as sinks by Swiss brand Franke and appliances by Italy’s Smeg.

Furthermore, this Altura EC is well-connected, with nearby expressways, MRT stations and bus stops providing quick access to the rest of Singapore. With its excellent location and luxurious modifications, Altura EC …

The Tanah Merah/Bedok area in District 16 is positioned to capitalise on the many urban transformation plans in the eastern region of Singapore. New residential plans in the Bayshore area along the East Coast, as well as a new residential town to replace the Paya Lebar Airbase in the future, make the popular District 16 a great draw for locals and foreigners alike.

EdgeProp Singapore’s CEO Bernard Tong, speaking at the EdgeProp Master Plan Masterclass webinar on April 29th, talked about the housing options in District 16 and the various MRT connectivity options available in the area.

The District is split into two by two existing MRT lines — Downtown with Bedok North and Bedok Reservoir stations, and the East West Line with Bedok and Tanah Merah stops.

Bedok MRT Station is part of the Bedok Integrated Transport Hub. Here, commuters can benefit from a mall, residences, and an air-conditioned …

Tuan Sing Holdings opened the marketing gallery of its opulent mixed-use development, Opus Bay, on May 4 in Batam, Indonesia. At an expansive 125 ha (13.46 million sq ft), Opus Bay is Tuan Sing’s largest integrated, mixed-use township project in Indonesia, bigger in size than Singapore’s Sentosa Cove. The entire project is being developed in phases.

Phase one involves two residential developments, Balmoral Tower and Cluny Villas. Balmoral Tower is a 36-storey apartment complex with 559 seafront-view apartments, and is designed by acclaimed Singapore-based architectural firm, RT+Q. Structural works for Cluny Villas have already been completed, featuring 275 luxurious villas designed by another Singapore-based firm, Ong & Ong. These resort-style villas are expected to be finished by 4Q2023 and 4Q2025 for Balmoral Tower respectively.

Opus Bay has been designed as a vibrant live-work-play destination, surrounded by lush greenery and the sea. It is conveniently located right next to the Waterfront …