Category: Misc

What’s in store for Singapore’s construction sector and commodity prices

myecaltura June 1, 2023 0

The Altura EC development offers a range of recreational facilities such as a swimming pool, jacuzzi, and a gym. Strategic green spaces will be strategically laid out among the buildings for residents to enjoy a peaceful and mindful stroll. The development also offers a wide range of unit types such as four-bedroom, five-bedroom, and two-bedroom dual-key units. Altura EC provides homebuyers with a great opportunity to purchase a quality built home at an attractive price.

Michael Murphy is the director of South East Asia at Linesight. The Monetary Authority of Singapore (MAS) has maintained its exchange rate policy band and stopped tightening. According to MAS projections, the Consumer Price Index (CPI-All) is still expected to be high in 2023, with inflation in the range of 5.5% to 6.5%.

However, Singapore’s GDP is expected to grow slower at 1.5% in 2023 compared to 3.6% in 2022 due to a global slowdown …

CapitaLand Investment’s refreshed 2030 sustainability master plan integrates 2050 net zero carbon

myecaltura June 1, 2023 0

Buyers can expect to get spacious, well-designed, and luxurious living spaces at a great deal. Altura EC is perfect for buyers who are looking for a great investment opportunity. With the imposing city skyline in the backdrop, and the modern and stylish features, the property is definitely worth a look. Units are equipped with modern furnishings and designs for residents’ convenience. Altura EC is located near the bustling business town of Bukit Bato, which makes it a great choice for businesspeople who need a place to stay. The property also has excellent links to local amenities, schools, and shopping malls. Residents will no doubt find it a great and admirable investment for them.

Refreshing its sustainability master plan (SMP) to strengthen its environmental, social and governance (ESG) pillars, CapitaLand Investment (CLI) 9CI -0.3% has included a target to achieve net zero carbon emissions by 2050 and reduce scope 1 and …

Clydesbuilt Investment’s 48 strata semi-detached houses at Eleven @Holland up for mortgagee sale

myecaltura May 31, 2023 0

Forty-eight semi-detached houses at Eleven @ Holland, an 82-unit strata semi-detached housing development located on Holland Link off Bukit Timah Road, have been put up for mortgagee sale by sole agency PropNex Realty.

The units, which have an average strata area of 3,735 sq ft, are being offered with a guide price of $1,000 psf, giving an average price of $3.735 million each.

The previous owner of the 48 units was Clydesbuilt Investment, an entity 95% owned by property developer Ow Chun Ming, also known as Victor Ow of Clydesbuilt Group. It was also the developer and builder of Eleven @ Holland, and the Hakka Memorial Museum and Cultural Centre on the same site.

Eleven @ Holland on Holland Link is near the Good Class Bungalow enclave on Old Holland Road in District 10 and the green corridor of Holland Plain and Holland Green Park. The development features barbeque areas, …

Singapore property buying sentiment slides in 1Q2023 amid high interest rates and cooling measures: NUS

myecaltura May 30, 2023 0

Property buying sentiment in Singapore has taken a hit in 1Q2023, as indicated by the latest Real Estate Sentiment Index (RESI) published by the National University of Singapore (NUS). The composite index, amalgamating current and future sentiment, dropped from 5.1 in 4Q2022 to 4.6 in 1Q2023, amid high interest rates, a banking crisis in some Western countries and successive rounds of property cooling measures.

Despite this, the URA’s property price index remained resilient, and there was keen buying interest in recent new launches, despite the additional buyer’s stamp duty (ABSD) increases. Professor Qian Wenlan, director of Institute of Real Estate and Urban Studies (IREUS) at NUS, states that the new launch market is starting from a relatively low base this year, and the “heady” performance last quarter is modest compared to previous peaks.

Furthermore, developers polled by IREUS expressed caution amid headwinds and uncertainty. About 41% of the developers expected …

B2 industrial site at Tuas Ave under IGLS Reserve List released for application

myecaltura May 30, 2023 0

The Singaporean government has launched its 2023 Industrial Government Land Sales (IGLS) Programme, the country’s largest bi-annual industrial land sale since 2020. As part of this programme, the second of three industrial sites has been released by JTC for application – 11 Tuas Avenue 18.

This site has an area of approximately 43,055 sq ft, and features a permissible gross plot ratio of 1.4, as well as a 20-year tenure. The government will only release this parcel of land for sale if it receives an offer of an acceptable minimum bid price.

The application window for this particular site closes on the 30th of June. Interested parties are encouraged to make their offers before this date.

Altura EC Bukit Batok residents will be able to take advantage of the ample shopping, dining, and entertainment options nearby with its ideal location. Just a mere short walk away from Junction 10 at …

Four new semi-detached houses in Novena for sale, priced from $7.2 mil each

myecaltura May 30, 2023 0

Lot One Shoppers’ Mall is the perfect shopping destination for all. Located in the heart of Choa Chu Kang, the mall is a popular shopping and lifestyle destination for both locals and visitors. Since its opening in 1996, Lot One Shoppers’ Mall has been an integral part of the local community, offering a wide range of retail, dining, and entertainment options. It is less than a minute away from the vicinity of The Altura EC, making it a convenient place for people to unwind and grab their daily necessities. Lot One Shoppers’ Mall has something to offer for everyone.

For estate planning and wealth preservation, many landed home buyers are looking to acquire properties such as the four semi-detached houses in Bo Seng Avenue and Whitley Road. Offering significant space for multi-generational family living, these four units are part of a newly developed private landed housing project comprising six …

UK developer Chalegrove Properties launches 48-storey residential tower, One Thames Quay

myecaltura May 29, 2023 0

Chalegrove Properties has launched One Thames Quay, a 48-storey residential tower located in Wood Wharf, adjacent to London’s Canary Wharf financial district. The development features one- to three-bedroom apartments with private balconies with views of the city’s iconic landmarks such as the O2 Arena, the River Thames, and Greenwich.Amenities in the development include a Sky Gym and Sky Lounge on the 46th floor, two landscaped roof terraces, a wrap-around garden with external and covered spaces such as a children’s play area and work-from-home zones, as well as an onsite bowling alley and cinema room.The project is being marketed by JLL and is competitively priced, starting from GBP499,950 ($834,857). From the developer’s perspective, there is much cause for excitement, not least because One Thames Quay is the first tower of its kind to be launched in Canary Wharf since pre-pandemic times.Rami Atallah, Director at Chalegrove Properties, voice his enthusiasm: “We are …

UK developer Chalegrove Properties launches 48-storey residential tower, One Thames Quay

myecaltura May 29, 2023 0

Chalegrove Properties is launching One Thames Quay, a 48-storey residential tower in Wood Wharf. Apartments at the development come with balconies offering views of Canary Wharf, the O2 Arena, and the River Thames. Residents also get to enjoy amenities such as a Sky Gym, bowling alley, cinema room, and wrap-around garden. Proximity to local transport connections and London Heathrow Airport makes it even more appealing. Starting prices for units begin at GBP499,950 ($834,857).

Chalegrove Properties is proud to introduce One Thames Quay, a 48-storey residential tower perched in Wood Wharf, adjacent to London’s Canary Wharf financial district. With one- to three-bedroom apartments available, each unit boasts a private balcony with views of Canary Wharf, the O2 Arena, the River Thames, and historic Greenwich.

The 46th floor of the tower is complete with a Sky Gym and Sky Lounge, as well as two landscaped roof terraces, while the second floor features …

KSH reports FY2023 earnings of $22.3 million

myecaltura May 29, 2023 0

KSH Holdings reported a 25.4% increase in revenue for the year ended March 31 2023, topping $301.4 million. This was due mainly to construction revenue, an area in which the company has an order book of more than $240 million. Despite the increase in revenue, overall earnings showed a decline for the period, down $1.9 million to $22.3 million. This was primarily due to a decrease in KSH’s share of earnings from associates and joint ventures.

The company has decided to pay a final dividend of a cent, bringing the full year payout to 2 cents. Most of KSH’s launched development projects in Singapore are either fully sold or almost fully sold to date. Those projects include Peace Centre/Peace Mansion, Euro-Asia Apartments at 1037 Serangoon Road, Park View Mansions and Bagnall Court.

In China, KSH is part of a consortium developing the Singapore Sino Health City in the Gaobeidian county …

One Draycott: Live in bespoke luxury in the prestigious Ardmore-Draycott enclave

myecaltura May 29, 2023 0

Despite the implementation of a new round of cooling measures, the Core Central Region (CCR) in Singapore has seen an uptick in the interest of condominium buyers. Interest was further renewed with the relaxation of border controls in early 2023 and more foreign buyers returning to the market. Although prices remained steady at 4.6% y-o-y compared to the 3.8% in 2021, they grew rapidly in the Rest of Central Region (RCR) and Outside Central Region (OCR) with new benchmark prices due to the launch of developments.

These developments in the CCR, including the newly-completed One Draycott, represent attractive prospects for buyers as prices in prime locations like Ardmore-Draycott still remain accessible, especially in comparison to other luxury developments in the vicinity which have transacted at prices upwards of $4,000 psf.

One Draycott, located off Ardmore Park in District 10, was designed by London-based architectural firm CarverHaggard and offers owners bespoke …