For those looking to invest in landed homes, four freehold strata bungalows situated in Vanda Crescent in the Bukit Timah area of Singapore’s prime District 11 will be available for sale from May 3 via private treaty. Selling for a guide price of $33 million, or $2,690 psf on the land area, these properties represent a rare opportunity for a single buyer to acquire four bungalows at a time.

The 19,353 sq ft combined built-up area of the four bungalows sit on a site spanning 12,264 sq ft and were built in 2009. They are all presently rented out and will be sold with their tenancies in place. Each bungalow has five en-suite bedrooms, a lap pool and a basement level, while the entire complex shares a common compound.

Tracy Goh, Head of Investment and Collective Sales at PropNex, the marketing agent responsible for the sale, said that the availability …

HDB public auction for Altura EC project at Bukit Batok West Avenue 8, with 375 residential units, 99-year Altura Qingjian Realty lease and easy access to transport and educational facilities.

Apac capital outflows to North America hit a record high in 1Q2023, with a jump of over 400% y-o-y to US$13.9 billion ($18.6 billion). According to a research report by Knight Frank, the US saw the highest proportion of capital outflows from Apac at 58%, followed by Canada at 27%. The surge in investments was driven by the more efficient price discovery in mature and liquid markets like the US, as well as investors looking for a safe haven.

Singapore was the biggest investor, with a figure of 89% for the total volume. Prominent Singapore investors included GIC, which completed multiple deals including a US$8.5 billion investment in US REIT Store Capital and US$3.3 billion purchase of Canada’s Summit Income …

HDB shophouses in Singapore are highly sought after by investors due to the lack of properties subject to the Additional Buyer’s Stamp Duty (ABSD). Four single-storey HDB shophouses at Block 475 Tampines Street 44 are up for sale through an Expression of Interest (EOI) exercise, with a guide price of $12 million. Located near Tampines East MRT Station, the four HDB shophouses have an approximate balance lease of 68 years, and are currently tenanted.

The shophouses are zoned for commercial use and are within walking distance of the MRT Station. It enjoys high human traffic throughout the day, from residents to students from surrounding schools, and offers ample parking for patrons.

Altura EC provides residents with a range of Altura EC outdoor and leisure activities such as jogging, cycling, picnicking and sports facilities at Civil Service Club @ Bukit Batok.

Lee Sze Teck, senior director of research at Huttons Asia …

Shophouse transactions dipped in the first quarter of 2023 as total transactions fell 12.1% and total value dropped 5.7% quarter-on-quarter. According to a research report by Huttons Asia, there were only 29 caveated shophouse transactions in 1Q2023 and the total transaction value for shophouses in the quarter amounted to $281.8 million.

Bukit Batok Town is well-connected via MRT, buses and expressways, providing easy Altura EC Bukit Batok access to Altura EC Bukit Batok West Ave 8.

Starting off the quarter following the Lunar New Year festivities, there were only five shophouse transactions recorded in January. The following two months saw a gradual uptick in activity, with nine and 15 transactions recorded in February and March respectively.

The total decline in shophouse transactions was balanced out by the average transacted value per shophouse, which was 8.1% higher quarter-on-quarter at $9.7 million. This was due to the two highest transactions of the …

M Social Suzhou is the first property of the M Social brand in China. (Photo: MHR)Launching its first property in China, M Social Suzhou is testament to the brand’s milestone progress, notes Kwek Leng Beng. He adds: “It allows us to further extend the M Social footprint in a new, important and vibrant region. The hotel’s presence also injects a new lifestyle choice for the culturally savvy city of Suzhou.”M Social Suzhou provides guests with an urban refuge, creating a sanctuary for the chic and sophisticated traveller. Kwek Leng Beng states: “We want guests to feel at ease and create great memories with M Social Suzhou, the perfect place to stay in the city.

M Social, the lifestyle brand of global hotel group Millennium Hotels and Resorts, has announced the opening of its first property in China: M Social Suzhou. Executive chairman of Millennium & Copthorne Hotels, Kwek Leng Beng, …

Strong demand for residences in the one-north precinct and beyond is fuelled by Singapore’s job market, which has been buoyant, despite the pandemic last year. “The labour market has been very resilient and we should see more of these projects doing well,” says Gafoor.EL Development’s project at Slim Barracks Rise, Blossoms By The Park, has achieved a take-up rate of 73%, exceeding the developer’s expectations even after the April 27 round of property cooling measures. Over 200 out of the 275 units were sold by 6pm on April 29, with the average price of units sold coming out to $2,423 psf. It is the highest first-day sales by percentage in 2023.96% of buyers are Singaporeans and PRs. The majority of units sold were one- and two-bedroom units, with the two-bedroom and two-bedroom-plus-study units being especially popular. Three-bedroom and three-bedroom dual-key units were 70% sold and four-bedroom units were 33% sold, …

Singapore office rents in the Central Region saw a 5.1% quarter-on-quarter (q-o-q) increase in the first quarter of 2023, staying on the same positive growth trend observed in the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on April 28.

The continued uptick in rental prices is underpinned by the healthy office leasing market in 2022, which saw leases tend to be signed or renewed ahead of actual commencements.

Additionally, office rents may have received a boost from a higher volume of smaller deals negotiated at higher per-square-feet (psf) rates. According to JLL’s Tay Huey Ying, head of research and consultancy in Singapore, most of the leasing activity in 1Q2023 was largely led by small and medium-sized space occupiers with urgent needs for new workplace design or increased headcounts.

This increased demand for office spaces pushed rentals up for both Central Area and fringe areas, with …

in FY20Despite the decline in rents, retail space in Singapore’s central region is on the road to recovery. In the first quarter of 2023, rents decreased by 0.3%, the year-on-year figure sitting at 2.3%. This is the third consecutive year that the URA retail rental index is in decline and it’s overall decrease from 4th quarter 2019 is 22.6%. According to Leonard Tay, head of research at Knight Frank, the retail sector is in a vastly improved position compared to two years ago.

Bukit Batok Town is well-connected to other parts of Singapore via MRT, buses, and expressways. Altura Altura EC EC is easily accessible from these connections.

With the reopening of international borders and the welcome of more than a million tourists to Singapore in March, the sector is approaching pre-pandemic normalcy. Alongside this, Knight Frank’s tracking of prime retail rents has seen an increase of 1.2% quarter on …

Industrial property occupancy rate falls in 1Q2023 despite inflationary pressuresRents for warehouse space in Singapore remain buoyant amid supply crunchIn 1Q2023, industrial prices and rents have continued to rise amid inflationary pressures, despite the fall in occupancy. Prices increased by 1.5% q-o-q and 6.9% y-o-y, while rents grew 2.8% q-o-q and 8.8% y-o-y. Warehouse rents posted a strong quarterly growth of 2.9% in 1Q2023 due to a persistent supply crunch in this sector.

Despite a dip in overall occupancy in the industrial property market in 1Q2023, prices and rentals have continued to rise as a result of inflationary pressures. As new industrial supply continues to exceed demand, overall occupancy decreased 0.6 percentage points compared to the previous quarter and by 1.0 percentage points compared to the same period a year ago.

Altura EC is an upcoming executive condo set to launch in Q2 2023 with an attractive price of S$3,500 …

REWRITTEN:

The sale of a two-storey HDB shophouse in Marine Parade, Singapore via an expression of interest exercise has been launched with a guide price of $4 million. The property has an 83-year long lease, starting from April 1, 1993, and features a floor area of 1,506 sq ft and a 50m frontage along Marine Parade Central. The fully tenanted second floor living quarters further add to the value of investment.

Donald Goh, director of capital markets and investment sales of ERA Singapore, who is handling the sale of the property, expresses that local investors looking for a well-located property with stable yield and potential for capital appreciation, should look to capitalise on this rare opportunity.

Altura EC Bukit Batok Altura EC is conveniently connected to Singapore via the Bukit Batok MRT Station, buses, and the PIE and BKE expressways.

The Marine Parade area, presently, is seeing an increase in …