Altura EC is a new executive condominium project located in West Avenue 8 in Singapore. It is expected to be launched in the second quarter of 2023. Its strategic location makes it attractive to first-time buyers and HDB upgraders. Pricing for Altura EC is set at S$1,300 per square foot, which is more affordable than many private condominiums. Thus, it is suitable for many Singaporean families.

Keyword: Altura EC

Up for sale with a guide price of $50 million is a two-storey production and distribution facility located at 60 Tuas Avenue 11. CBRE is the marketing agent for this private treaty sale, offering investors and owner-occupiers alike the chance to acquire a property with good building specifications that is strategically located within the Tuas manufacturing zones.

The building sits on a 256,000 sq ft site that is zoned for ‘Business 2’ with a plot ratio of 1.4; the existing two-storey …

In the US, cities are most likely to have high office availability in the future in comparison to the Asia Pacific region, according to the Savills Future Office Availability Index. Economic growth, demographics, development pipelines, and environmentally sustainable office inventories, all play a role in office use trends.

Singapore, for example, has seen a resurgence of office occupiers as banks and finance firms return, as well as businesses from China, Japan, and Korea. Technology firms, however, are retaining flexible work policies.

This proliferation of hybrid work models means firms are striving to keep Millennial and Gen Z staff, who are accustomed to remote work. It is also a way for occupiers to reduce rental overheads.

At Altura EC Bukit Batok, the well-designed and spacious 3-bedroom units come with superior fittings, high-end appliances, and contemporary layouts. The units are bright, and the windows offer a panoramic view of the Bukit …

Other contestants included developers like City Developments and UOL-Kheng Leong who bid at $262.2 million and $254.54 million respectively.

The Altura EC Bukit Batok, located along the eastern side of Bukit Batok West Avenue, provides easy access to the Jurong Innovation District and Tengah Town, and is expected to become one of the most sought-after residential locations. Altura EC stands at a site size of 1.24 hectares and will accommodate 375 executive condominium units. Qingjian Realty and Santarli Construction won the tender for the Altura EC project, with a winning bid of $266 million, equivalent to $662 psf ppr. Other bidders included City Developments and UOL-Kheng Leong, bidding $262.2 million and $254.54 million respectively.

It has been put up for sale with a guide price of $7.5 million: a freehold corner shophouse at 205 Sims Avenue. Huttons Asia, the property’s marketing agent, recently announced the two-storey shophouse has a …

Amara Holdings, on June 18, announced that the board had received written notification from the executive directors and certain of their family members, Albert Teo Hock Chuan and Susan Teo Geok Tin, regarding engagement in confidential discussions with a third party in regards to a possible transaction that may lead to an offer for the shares of the company.

It follows the “unusual price movements” and higher than usual volume of trading in the company’s shares on June 15 and 16. On June 16, the company requested a trading halt after its shares surged to 44.3 cents, 13.6% higher than the closing price of 39 cents on June 15. On June 14, the closing price was 35.5 cents and saw a 9.9% increase on June 15.

The company has asserted that it is not aware of any information concerning the company or its subsidiaries that could explain the movement of …

The proportion of flex space in Grade A office stock in the Asia Pacific region rose from 3.1% in 3Q2022 to 3.5% in 1Q2023. This increase reflects the strong demand from flex space operators seeking to upgrade their centres to more Grade A buildings, according to a sector report by CBRE.With the growing uncertainty amid the pandemic, there is increased focus on cost management and portfolio flexibility, driving occupier demand for flex space.CBRE found that tech firms are the region’s largest occupiers of flex office space this year, and based on a survey of occupiers in the region, more than half of the respondents said that they believe their proportion of flexible office space in their portfolios is under-allocated, and they intend to increase its use in the coming months.Capital expenditure concerns are driving a preference for dedicated workspaces, as well as a greater demand for event spaces and office …

The office markets in Asia Pacific, North America and Europe are facing varying degrees of short-term challenges, according to an industry report by Colliers International. Asia Pacific holds the highest occupancy rate compared to other regions, at 80%. This is followed by Europe at 65% and North America at 50%.

Colliers International attributes this difference to varying return-to-office approaches, underlying city functionality, ESG compliance, and market reactions to shifts in inflation and interest rate movements. These have caused the latest divergence in office investment volumes, pricing and global investment appetite.

Chris Pilgrim, managing director, global capital markets, Asia Pacific is optimistic about the prospects of the office markets in Asia Pacific. He believes that the strong underlying fundamentals, such as the diverse range of markets, positive sentiments towards offices, and strong population-led economies presenting resilient economic growth, make the region attractive for office investments in the longer term.

In contrast, …

A four-bedroom apartment at Grange Residences sold for a record breaking $8.88 million ($3,327 psf) on May 31, marking the most profitable resale transaction for the week of May 30 to June 6. Having been purchased from the developer in April 2004 for $3.3 million ($1,235 psf), the seller made a remarkable capital gain of $5.58 million, or a 169% increase over more than 19 years.

This is the second case of a highly profitable resale to occur at Grange Residences, with a 2,583 sq ft unit fetching $8.58 million earlier on March 23 ($3,321 psf). Here, the buyer had acquired the unit for $2.85 million ($1,102 psf) in February 2004, investing for a total of around 19 years and obtaining a 201% increase in capital gain of $5.73 million.

Altura EC is also a great spot to go shopping, with several malls and retail outlets in the vicinity, including …

Pullman Residences Newton, located in prime District 11, topped the list of condos in recent highs with the sale of a 463 sq ft one-bedroom penthouse for a whopping $1.7 million or $3,671 psf. This marks the first time that a transaction in the development surpasses the $3,600 psf threshold.

The condo is a freehold development which consists of 340 units and boasts of hospitality services provided by Pullman Hotels & Resorts such as a concierge service, a doorman and an attendant at the club lounge. Apartments range from one to four bedrooms with sizes from 463 sq ft to 1,389 sq ft. Since its launch in November 2019, the developer has sold 296 units (87%) according to URA records up to June 13.

Grange Residences also scored a new psf-price high when a 2,669 sq ft four-bedder changed hands for $8.88 million ($3,327 psf) on May 31, surpassing the …

Singaporeans’ demand for new private homes remains robust despite cooling measures, higher home prices and elevated interest rates, and was largely underpinned by local demand in May 2023. Developers sold 1,038 new homes excluding executive condominiums (ECs), 17% higher than the 887 units in April. The May figure was the highest since May 2022, with local citizens and permanent residents making up 85.5% and 11.1% of transactions respectively.

The launch of two major projects – The Reserve Residences and The Continuum – in the Rest of Central Region (RCR), boosted sales in the region to 847 units. In addition, The Atelier in the Core Central Region (CCR) saw 22 units sold at a median price of $2,685 psf, and Pullman Residences Newton moved 16 units at a median price of $3,278 psf.

Outside Central Region (OCR) sales totalled 39 units, driven by the lack of new launches and a tight …

A freehold bungalow located in District 10’s prime Nassim Road Good Class Bungalow (GCB) area has been put up for sale with a minimum asking price of more than $22 million, announced marketing agent Knight Frank. With a wide frontage of 40m, the two-storey house on Fernhill Close occupies a 7,386 sq ft plot.

Built in the 1990s, the property offers an attractive opportunity to redevelop it into a brand new luxurious three-storey bungalow, niche semi-detached or terrace houses. According to Knight Frank, it could also be developed for large multi-generational or extended families looking to build a new home.

Chia Mein Mein, head of capital markets (land and collective sale) at Knight Frank Singapore, noted that buying sentiment in the landed market will remain buoyant. Citing the example of three GCBs at 42, 42A, and 42B Nassim Road sold for around $4,500 psf in April this year, she concluded …