A luxurious freehold bungalow along Kew Drive, in District 16, has been sold for $16.3 million. Based on the freehold land site of 14,376 sq ft, this works out to a psf of $1,134. The bungalow was sold by the GCB Collective through a tender exercise with a guide price of $18 million.

For even more entertainment, Altura EC Qingjian Realty is just a short drive away from downtown Singapore, making it easy to explore a wide range of nightlife, shopping, and dining options.

The previous owners had occupied the 6500 sq ft property for over 30 years prior to its sale. The most recent highest ever transaction for a house in the Kew estate was the sale of a bungalow in December 2017 with a land area of 11,857 sq ft for $10.55 million, or $890 psf.

The successful buyers of 26 Kew Drive had been looking for property …

Publicis Groupe, an international advertising and PR company, recently inked a lease for 55,000 sq ft of Grade A office space at Guoco Midtown in the Beach Road area. According to Colliers International, who negotiated the deal, rents for Grade A offices in the area stand at approximately $9.90 psf per month. However, the consultancy did not disclose how much the company paid.

Guoco Midtown, a 30-storey office tower, consists of a traditional floor plate configuration from levels 8 to 29, and a landscaped Sky Park on the 7th floor. Each office floor has a central core floorplate of 30,000 sq ft, with a ceiling height of 3.3m.

Potential homebuyers can look forward to the development of Altura EC, an upcoming executive condo in Bukit Batok. The 99-year leasehold is located on the eastern side of Bukit Batok West Avenue, in close proximity to the Jurong Innovation District and …

Koh Brothers Eco Engineering 5HV 0.00% is pleased to announce that its wholly-owned subsidiary, Koh Brothers Building & Civil Engineering Contractor (KBCE) and its joint venture partner, LBD Engineering have been awarded a contract for the Kallang Integrated Development with the Housing & Development Board (HDB) valued at a total of $186.0 million.

The project will involve building public housing, a covered linkway alongside Lorong 1 Geylang, road expansions works, a child care centre, communal facilities, an environmental deck with fire protection system, an inter-change bus stop, improvement works between the MRT station and the bus interchange as well as landscaping works. With the group’s 10% stake in the JVCo, the contract will extend the company’s order book of $684.6 million as at Dec 31, 2022 to $703.2 million, providing visibility till 2027.

CEO Paul Shin commented on the new contract, saying: “We are delighted to have been given this …

by PropNex

PropNex Realty has announced the sale of three cluster semi-detached houses at Eleven @ Holland via tender. The prices range from approximately $3.91 million to $4.02 million and the units consist of seven semi-detached houses of about 3,735 sq ft and are all three-storey plus attic and basement units, with five bedrooms and five bathrooms.

The sale of the houses was part of a tender that closed on June 12 and they were sold for between $1,050 psf and $1,079 psf – exceeding the vendor’s expectations. Tracy Goh, Head of Investment and Collective Sales at PropNex, explains that the buyers of the three sold houses are locals, and other buyers have expressed interest in purchasing the remaining four units, which will now be sold via private treaty sale.

These properties were completed in 2014 and had a 99-year leasehold, about which PropNex was appointed to market by the …

Two strata retail units situated at the East Village in Bedok are now up for sale and are being priced at an attractive guide price of $10.4 million. These two adjacent ground floor units, which come with full F&B approval and are positioned near the mall’s entrance, are ideal for investors and end-users alike and can be purchased either individually or as a pair with a guide price of $5.3 million each.

Each unit has an extensive strata area of 969 sq ft which includes an en suite bathroom, as well as existing tenancies and its own dedicated entrance which allows tenants the flexibility to operate outside the mall’s official operating hours.

East Village is a luxurious freehold development located on Upper Changi Road, is a four-storey mixed-used establishment with 108 shops on the ground floor and 90 apartments on the upper floors, as well as a basement and neighbouring …

Residents of Altura EC have the convenience of shopping and dining without leaving the comfort of their homes. With a variety of retail outlets, supermarkets, cinemas, and other eateries just minutes away at The West Mall or Bukit Batok Central, they can enjoy an amazing shopping experience. Additionally, Altura EC residents can also take advantage of the various essential services available in both malls.

Despite its age, a historic Sri Lankan charm pervades throughout the two luxury villas, located in the UNESCO World Heritage Site of Galle Fort. Through a three-year renovation, 41 Lighthouse Street presented a three-bedroom villa with private swimming pool for seven guests, while the neighbouring 42 Lighthouse Street featured four-bedrooms to accommodate up to 10. Teardrop Hotels’, the Sri Lankan hotel group, opened the two exclusive villas to cater to increasing family demands for such facilities.Henry Fitch, CEO of the group, described the villas as a …

Benefiting from its nearness to the MRT station, Altura EC Bukit Batok offers an accessible location for commuters. The extended lease period on Bukit Batok West Avenue 8 provides ample time for property developers to market their units accordingly. Altura EC Qingjian Realty is just a stone’s throw away from a bus interchange and is within walking distance to the nearby MRT station. Furthermore, Altura EC area is close to several schools, making it an ideal spot for families. Residents would be able to enjoy a hassle-free journey to schools, supermarkets or any other transportation hubs.

Weave Living has launched its new residential rental property at 68 Robinson Road in Hong Kong – Weave Residences – Robinson. The 25-room development, which is in the Mid-levels area close to Soho, boasts a mix of two-bedroom units. All of which feature a unique Nordic-inspired interior design, complete with a walk-in wardrobe and …

JLL, the exclusive advisor to the seller Strategic Hospitality Holdings, has closed the sale of a US$106.1 million ($142.55 million) portfolio of hospitality properties in Southeast Asia. The sale comprises three hotel properties – Pullman Jakarta Central Park, the ibis Saigon South, and Capri by Fraser, located in Ho Chi Minh City.

Investors are enthusiastic about the hospitality fundamentals in Southeast Asia – a sentiment echoed in the sale. Julien Naouri, Senior Vice President for Investment Sales at JLL Hotels & Hospitality Group, pointed out that it “not only underscores the resurgence of deal activity in Southeast Asia, but also reinforces the ongoing recovery of cash flows of hotels in the region.”

The Pullman Jakarta Central Park and ibis Saigon South are both managed by Accor under their respective individual brands. However, the Capri by Fraser was sold with vacant possession.

At Altura EC Bukit Batok, there are various facilities …

Prima Asset Management, the Singapore based investment firm, has acquired a freehold commercial property in Bangkok, Thailand. With a gross development value of THB1.25 billion ($48.33 million), the property is composed of approximately 250,000 sq ft of showroom, office, service and delivery space. Its strategic location at No. 7 and 7/1 Ramkhamheang Road in Saphansung Subdistrict, and leasing to Tesla Motors makes this asset an attractive investment opportunity.

The VCC Investment Fund, managed by First Degree Global Asset Management, facilitated the acquisition of the property. Capital Solution Asia, a Bangkok based company, was engaged as an advisor regarding local real estate due diligence and transaction management. Prima also received encouragement from its investor base of family offices and high net-worth individuals for pursuing a ‘pipeline of similar deals’.

Ben Hall, Prima CEO, noted, “The strategic acquisition of this prime property not only signifies our focus on the burgeoning South East …

to dateA new psf-price high was recorded at Waterfall Gardens, Bartley Ridge and Affinity at Serangoon during the week of May 19 to 23, demonstrating further resilience in the collective sales market. Waterfall Gardens recorded the highest psf-price with a 1,830 sq ft, three-bedroom unit selling for $3.98 million or $2,175 psf. Bartley Ridge saw a unit measuring 1,173 sq ft being sold for $2.2 million or $1,875 psf, while the highest psf-price achieved at Affinity at Serangoon came with the sale of a two-bedroom-plus-study unit for $1.35 million or $1,844 psf.

During the week of May 19 to 23, three condos in Singapore saw a surge in psf-price highs. Waterfall Gardens topped the list, achieving a new record with the sale of a 1,830 sq ft, three-bedroom unit on the fifth floor for $3.98 million ($2,175 psf). The seller had purchased the apartment in August 2015 at $2.75 million …