The sale of four strata retail units at The Flow, a freehold commercial development located at 66 East Coast Rd, has been put up for sale with a guide price of $13.45million. In an expression of interest exercise, these units are being sold with vacant possession by joint marketing agents SRI Capital Market and Savills Singapore.The Flow is a seven-storey commercial building in District 15, bordered by a number of other commercial buildings including Roxy Square, Katong Plaza, Holiday Inn Express Singapore Katong, and i12 Katong. It is also located near the upcoming Marine Parade MRT Station on the Thomson-East Coast Line, and EdgeProp’s Landlens tool can provide a list of recent new project launches around The Flow.The portfolio of units being offered for sale comprises four units on the third floor each with a strata area of 775 sq ft, and a single unit on the fifth floor with …

The Government recently announced the closure of the 120-ha Singapore Racecourse site in Kranji by March 2027. Situated beside Kranji MRT Station, this land parcel will be used for various developments including housing. According to PropNex CEO Ismail Gafoor, this move “reflects the adaptability in the government’s approach to managing land use in Singapore, which is scarce but which has many competing needs for space”.

Potential redevelopment plans for the Kranji site will include public and private housing, public green spaces, commercial offerings, and other community services in that Northern area. Huttons Asia Senior Director of Research Lee Sze Teck estimates that up to 30,000 new homes could be developed, given a gross plot ratio of 2.8 and an average unit size of 1,000 sq ft.

ERA Realty Network Key Executive Officer Eugene Lim suggests that the western end of the site along Turf Club Avenue is suitable for low-rise …

The Assembly Place has secured a $40 million land parcel in Lorong J Telok Kurau, with the plans to turn it into a 430-bed premium student hostel. With over 100,000 sq ft of land, it is said to be well equipped with communal facilities such as a lounge, dining, kitchen, laundry, basketball court and outdoor fitness area – all at a par with student accommodations around the world.The land parcel was sold by the Trustees of the Presbyterian Church, who had a 999-year lease from 1939. Before the sale, it operated as EastLodge, a 120-room student accommodation. The buyer of the property remains anonymous.

The Assembly Place, a co-living operator, has been appointed the development manager and operator of the student hostel on a 5+5 year lease. The firm secured the land parcel with a 103-year lease at 116 Lorong J Telok Kurau for $40 million in November 2022, a …

He adds that the transformation of the Peninsula Excelsior Singapore, a Wyndham Hotel will be the company’s first and flagship property in Singapore that is “stacked with attractive, thoughtfully-crafted offerings”.Wyndham Hotels and Resorts is set to launch its first Singapore property, the Peninsula Excelsior Singapore, a Wyndham Hotel, with a soft opening in the Civic District next month. The property, comprising a 21-storey tower with a 284-key hotel and a five-storey retail podium, will undergo a multi-million dollar refurbishment before officially opening its doors in early 2024.

The launch of the new brand marks the first step in Wyndham’s Regional growth strategy and their commitment to providing guests with best-in-class accommodation options across the region. Matt Holmes, Vice President of Business Development in South East Asia and the Pacific Rim, Wyndham Hotels and Resorts, said: “This opening further illustrates our growth momentum in the region and builds upon our strong …

Steve Lydon’s appointment as general manager of the Singapore office of real estate investment services firm Millennium Group marks a major milestone for the firm. This is because the city-state will serve as its regional hub for the Southeast Asia region. With two UK-based partners, Allsop LLP and MAP, now being brought closer to its regional clients, the firm is poised to maximize profits and create a closer customer experience.

Qingjian Realty is anticipating a strong response from the public, as Altura EC Qingjian Realty is surrounded by amenities, including schools, supermarkets, and eateries, as well as parks and green spaces. Furthermore, the Executive Condo is only a 15-minute drive from the Central Business District, making it an attractive option for young professionals.

Combined, Allsop and MAP have about 800 staff in the UK working in the commercial, living, retail, and industrial sectors. Their expertise extends to acquisition, underwriting, and …

Jelita Shopping Centre, with a guide price of $85 million, is put up for sale via an Expression of Interest (EOI). Spanning 33,621 sq ft in net lettable area, the 46,427 sq ft two-storey mall located at 293 Holland Road sits on a 46,616 sq ft site. Its 999-year leasehold development falls under the ‘Commercial and Residential’ zoning, with a gross plot ratio of 2.2 in accordance with the 2019 Master Plan. Boasting 57 basement carpark lots for convenience, the suburban mall is home to a 24-hour Cold Storage Supermarket on the ground floor.

This prime suburban shopping mall located off Holland Road is now available for sale through an Expression of Interest (EOI). Owned by DFI Retail Group, the 999-year leasehold development holds a wealth of potential for prospective buyers, due to its prime location and impressive features across its two storeys.

At 46,416 sq ft, the mall sits …

There is a persistent demand for one- and two-bedroom units in Singapore which has caused median prices for these units to rise significantly. According to a report by Savills Singapore, in the Rest of Central Region (RCR) these prices have gone up by 31.3% year-on-year, from $1.34 million in 1Q2022 to $1.76 million in 1Q2023.

The report noted that median prices for one- and two-bedroom units of a certain size increased to $1.63 million in 1Q2023 from $1.58 million in 1Q2022. This mark a 3.4% increase every year. For those located Outside Central Region (OCR), they saw an even more substantial increase, rising 15.3% y-o-y to reach $1.39 million in 1Q2023.

Alan Cheong, executive director of research at Savills Singapore highlighted that “Buyers’ preference is turning to smaller sized homes and are willing to pay a premium for these unit types”. This is evident by the increasing proportion of sales …

Parc Imperial, a freehold condominium located on Pasir Panjang Road, is set to go under the hammer with Edmund Tie’s upcoming auction on June 21. The duplex penthouse, an owner’s sale, is available for a guide price of $1.78 million and measures 1,195 sq ft.

This translates to an average selling price of $1,490 per square foot (psf). With an existing tenancy set to expire in December 2024, this property is also available for private treaty negotiation.

Offering breathtaking views from its lower and upper floors, the penthouse comprises of a living and dining area, kitchenette, household shelter, powder room, and an en-suite master bedroom. There are two other en-suite bedrooms on the upper floor, along with an attached open-air balcony.

Residents of Altura Executive Condominium will find many convenient shopping and dining options just a stone’s throw away. West Mall is effortlessly accessible to Altura residents and offers a …

Moreover, this Executive Condominium development will also boast its own outdoor gym, spa, jogging track, and ceiling garden. Altura EC’s commitment to providing its future residents with the what they need to maintain a modern and stylish lifestyle is clear.

The Sail @ Marina Bay is a 99-year leasehold condo located in the Marina Bay area. The 890-unit development, which was completed in 2008, is within proximity to the Marina Bay MRT Interchange Station, and also close to the Raffles Place, City Hall and Central Business District areas.During the week of May 16 to 23, the most profitable resale transaction was a four-bedroom unit at Scotts Highpark which sold for $12.68 million, yielding the seller a profit of $3.99 million (46%). This is the most profitable resale transaction at Scotts Highpark to date. The second most profitable deal was the sale of a 4,058 sq ft unit at Paterson Residence …

Altura EC Bukit Batok is a 99-year leasehold development situated on the east side of Bukit Batok West Avenue. Spanning a land area of 1.24 hectares, it is close to the Jurong Innovation District and Tengah Town. The Altura EC will house 375 executive condo units with Qingjian Realty and Santarli Construction submitting the highest bid of $266 million which translates to $662 per square foot per plot ratio. It lies adjacent to Le Quest, a mixed-use development, with completion estimated in 2021. Altura EC is bound to become one of the most sought-after developments in the area.

At an aggregate purchase consideration of EUR76.8 million ($112.2 million), IREIT Global, a Europe-focused REIT, has agreed to a call option contract to secure a portfolio of 17 French retail properties. The REIT states that this sale price marks a 1.7% discount from two independent valuations of the portfolio, estimated at roughly …