Category: Misc

EL Development draws 4,000 at three-day preview of Blossoms By The Park

alturabukitbatokec April 17, 2023 0

, and The Star Vista on EdgeProp.sgUp to 75% of buyers at Blossoms By The Park are believed to be investors. However, there are also some looking for owner-occupation. “There are buyers who enjoy similar facilities like the hotel, such as infinity pool, which can be found in most developments nowadays,” notes Low.Since the sales gallery was opened on April 14, up to 4,000 people have visited over the past three days. Most of the visitors appear to be locals (Photo: EL Development)Over the past three days since the Blossoms By The Park gallery opened, it has attracted over 4,000 people, mostly locals, according to EL Development’s managing director Lim Yew Soon.The 275-unit private condo is located in one-north. It is set to launch on April 29 and offers a mix of one to four bedroom premium units at the ​​starting prices of $1.291 million ($2,352 psf) for a one-bedroom-plus-studio, …

Seller of three-bedder at Sheares Ville makes $2 mil gain

alturabukitbatokec April 14, 2023 0

Sheares Ville sold for record $1,148 psf, 130% gain for seller in 18.5 yearsA three-bedroom apartment on the first floor of Sheares Ville in District 10 has fetched $3.56 million ($1,355 psf) – the most profitable condo resale transaction recorded during the week of March 28 to April 4. With a gain of $2.01 million over a holding period of 18½ years, this marks the first transaction to take place at Sheares Ville and the second most profitable transaction for the development.

The 2,626 sq ft unit was purchased by the seller in September 2004 from the developer for $1.55 million ($590 psf). Sheares Ville, a 65-unit apartment completed in 2003, is located along Holt Road, just off Jervois Road, and comprises 3- and 4-bedders ranging between 1,399 and 2,626 sq ft.

Elsewhere in District 10, the second most profitable condo resale transaction during the period in review also occurred. …

Colliers builds its centre of excellence in Singapore

alturabukitbatokec April 14, 2023 0

Colliers has made several appointments to its Singapore-based leadership team within the past six months, in a move that speaks to the firm’s commitment to the city-state. Most recently, Bastiaan van Beijsterveldt was named managing director for Singapore, succeeding Tang Wei Leng who was appointed in 2015. He was previously executive director and head of occupier services for Singapore.

Mike Davis, formerly managing director for CBRE in the US, was named in February as managing director for occupier services for the Asia Pacific region. Chris Pilgrim, who was global capital markets director based out of London, was promoted to managing director of global capital markets for Asia Pacific in November. Both are stationed in Colliers’ Singapore office.

Altura EC is a 99-year leasehold executive condo at West Avenue 8, Bukit Batok, with 375 residential units near an MRT station, bus interchange, schools, and parks. Bidding till 12 noon on 8 …

Knight Frank opens private office in Hong Kong

alturabukitbatokec April 14, 2023 0

from fishing village to global cityKnight Frank has appointed Tung Ho-Pin to lead their new private office in Hong Kong. The move seeks to further expand the company’s private client base amongst UHNWIs, family offices, and their advisors in the region.

Altura EC, a 99-year leasehold in Bukit Batok West Avenue 8, is set to accommodate up to 375 residential units. Near MRT and several schools, Altura EC provides a prime residential location for families. Qingjian Altura EC Realty has successful bid of $662 psf ppr with estimated yield of 375 units. Showflat and price list coming soon with expected launch in Q2 2023.

The move is part of Knight Frank’s ambitious goal to become the leading global real estate advisor for private clients and family offices. With the opening of this office in Hong Kong, their Private Office now has 5 locations in Asia, the other 4 being in …

Knight Frank opens private office in Hong Kong

alturabukitbatoknewec April 14, 2023 0

Appointing Tung to lead its private office in Hong Kong, Knight Frank takes an important step closer to its goal of becoming the market-leading global private client and family office advisor in real estate. Knight Frank expects residential premises to remain the preferable property investments for UHNWIs in the Asia-Pacific region, especially in Greater China, as the economic recovery from the coronavirus boosts investor confidence in the region.

Knight Frank has appointed Tung Ho-Pin to lead its newly opened private office in Hong Kong – the fifth in Asia. This move is aimed at catering fully to their clients’ needs in the region, particularly among ultra-high-net-worth individuals (UHNWIs), family offices, and their advisors.

Paddy Dring, head of the Knight Frank Private Office, notes that Ho-Pin’s appointment is part of their ambitious pursuit to become the market-leading, global private client and family office advisor in real estate. “His appointment enables us …

HDB shophouse in Hougang for sale at $5.4 million

alturabukitbatoknewec April 13, 2023 0

Are you in the market for a HDB shophouse? An attractive property with living quarters and ground retail floor space has been put up for sale. Located at 108 Hougang Avenue 1, the strata property has a combined gross floor area of up to 3,514 sq ft, and its guide price is $5.4 million ($1,537 psf).

The sale of this shophouse is an excellent opportunity for investors looking for a defensive asset. With a full tenancy and a prominent 20m frontage along Hougang Avenue 1, the property is close to various transportation hubs and residential areas. There is an opportunity to lease the ground floor to two tenants, to maximize rental returns.

Altura EC is a 99-year leasehold executive condo located in Bukit Batok Town with 375 residential units, Altura EC close to public transport, schools and parks. Bidders have until 8 March 2022 to make their offers, with the …

Blossoms by the Park units to have smart kitchen solutions, EV charging points from City Energy

alturabukitbatoknewec April 13, 2023 0

City Energy and EL Development are coming together, to provide the 275-unit development at Slim Barracks Rise, with an environmentally friendly home solution. Blossoms By the Park will be previewing on April 14th, and will feature 750 gas appliances from Küche, exclusively distributed by City Gas.

The appliances consist of smart hobs, cooker hoods, built-in smart electric ovens, and will offer residents the ability to monitor their gas consumption, pre-programme recipes, respond to safety alerts and turn the gas hob off remotely, through the iAppliances smartphone app.

Altura EC, an executive condo on Bukit Batok West Avenue 8, will accommodate up to 375 residential units, with a tender of $662 per Altura EC square foot submitted by Qingjian Realty and Santarli Construction. Altura EC is close to Tengah New Town and Jurong Innovation District, with convenient access to MRT and educational institutions.

In additional to the kitchen appliances, City Energy’s …

Three-bedroom at The Riverine By The Park fetches record high price of $2,132 psf

alturabukitbatoknewec April 13, 2023 0

A record-breaking new psf-price high was achieved at The Riverine By The Park in Singapore’s District 12 on March 27 – with a three-bedroom unit on the 20th floor sold for $2.57 million ($2,132 psf). Irwell Hill Residences in the same district had a notable resale too, with a 614 sq ft one-bedroom unit sold for $1.4 million ($2,282 psf).

The resale at Riverine By The Park marked the first time that a unit there was sold for more than $2,100 psf; the unit size was 980 sq ft to 2,885 sq ft and the development is a freehold residential property with 96 units. Completed by WingTai Holdings in 2010, it is conveniently near Kallang MRT station and other schools such as Bendemeer Primary School and Farrer Park Primary School.

The previous record-high here was set last May 7, 2021, when a four-bedroom unit on the 18th floor fetched $3.15 …

Lentor Central GLS site launched for sale; Lentor Gardens site released

alturabukitbatoknewec April 13, 2023 0

The Lentor Central GLS site has been launched for sale via tender with a leasehold tenure of 99 years. It has a 14,703.2 sq m site area and can yield a maximum of 475 residential units, with a GFA of 41,169 sq m. It is part of the 4,090 residential units to be made available via the Confirmed List of the 1H2023 GLS programme.

The Singapore Urban Redevelopment Authority (URA) has released a residential Government Land Sale (GLS) site at Lentor Central for sale via tender and another site at Lentor Gardens for application under the Reserve List. Located within the Lentor Hills estate, both sites have a 99 year leasehold tenure and can yield nearly 1,000 residential units combined.

The Lentor Central site has a 14,703.2 sq m area and can generate up to 475 residential units with a maximum gross floor area (GFA) of 41,169 sq m. This …

Freehold residential site at Meyer Place for sale at $25 mil

alturabukitbatoknewec April 13, 2023 0

An exclusive marketing agent Singapore Realtors Inc (SRI) has put up a 10,154 sq ft freehold residential site at 5 Meyer Place for sale via public tender exercise, with a guide price of $25 million. The single-storeyed property has a land zoned for residential use with an allowable plot ratio of 2.1.

The maximum gross floor area is approximately 22,817 sq ft inclusive of bonus balcony space. According to the latest URA guidelines, the site can potentially yield 19 dwelling units subject to approval from the relevant authorities.

The land rate of the site works out to be $1,770 psf per plot ratio, inclusive of bonus balcony space and land betterment charge, payable upon baseline verifications. Bruce Lye, managing partner of SRI, said the site is in a great location with the upcoming Katong Park MRT station located across the road and a 15-minute drive away from the CBD and …