Sinar Mas Land and joint venture company Mitbana, formed by Mitsubishi Corporation and Surbana Jurong, have launched Welton, a cluster housing project at their mixed-use development in BSD City (formerly known as Bumi Serpong Damai), Greater Jakarta.

Theodore G. Thenoch, CEO of BSD Residential of Sinar Mas Land and vice president director of PT Sinar Mitbana Mas, has explained that the site is a 108-ha development with a 3.7-km continuous green loop providing dedicated sidewalks and bicycle paths to connect commuters to public transportation nodes.

Welton is the first cluster-landed housing development built in Hiera on a 7-ha site. It offers two- to three-storey homes with a site area of 1,055 sq ft to 3.068 sq ft, three- to four-bedrooms, a multi-purpose room and two carports. Prices start from IDR 2.5 billion ($225,000).

Kenji Ono, president director of PT MC Urban Development Indonesia and president director of PT Sinar Mitbana …

One of the first foreigners to purchase a freehold condo in Singapore’s prime districts despite the increased Additional Buyer’s Stamp Duty (ABSD) is Indonesian billionaire Dewi Kam. With a net worth of US$4.2 billion as estimated by Forbes, the self-made billionaire is the 21st richest in Indonesia. Her wealth comes from her minority stake in the Indonesian-listed coal mining company Bayan Resources.

Situated close to a wide array of lifestyle amenities, the development offers a chance for residents to experience modern living. Residents of Altura EC can look forward to having peaceful and tranquil living experience, far away from the hustle and bustle. With its attractive location, Altura EC Qingjian Realty has become a must-have for homebuyers seeking a quality residential development.

Kam purchased a 4,112 sq ft, four-bedroom condominium unit on the 24th floor of Scotts HighPark for $12.68 million ($3,084 psf) on May 18, 2023. As a foreign …

On May 26, the High Court ruled in favour of the collective sale of Chuan Park. Justice Kwek Mean Luck found no evidence of improper conduct by the collective sale committee and declared that as of July 5, 2022, 342 units with a total share value of 1,409 shares (80.93%) and total strata area (80.11%) had consented to the collective sale.

Residents can also enjoy superb amenities, such as a 50m lap pool, an indoor gym, a tennis court, and much more. In addition, the lush greenery surrounding the development provides plenty of outdoor breathing space for a leisurely evening stroll. Altura EC Bukit Batok also offers the added benefit of being within walking distance to Bukit Batok MRT station, making it incredibly easy to travel to other parts of Singapore. Altura EC provides an ideal living experience for those seeking an exceptional lifestyle in a vibrant and convenient location.…

The Keppel Consortium, comprising of Keppel Corporation and Keppel Vietnam Fund, have entered into a binding agreement to acquire a 49% stake in two residential projects in Ho Chi Minh City, Vietnam from the Khang Dien Group. The two projects, which are adjacent to each other and have a total 11.8-hectare land area, will have over 200 landed homes and 600 high-rise apartments when completed.

Situated on the Altura Executive Condominium eastern side of Bukit Batok West Avenue. Altura EC is one of the most sought-after developments in the vicinity. Spanning 1.24 hectares, it is expected to offer 375 executive condo units. In addition, it is close to the Jurong Innovation District and Tengah Town. Qingjian Realty and Santarli Construction’s joint bid of $266 million translates to roughly $662 per square foot per plot ratio. Altura EC is adjacent to the upcoming Le Quest mixed-use development, which is expected to …

Metro Holdings M01 1.65% reported that its FY2023 ending March earnings had increased by a considerable 6.1% back year-on-year to a net sum of $25.2 million. Contributing to this result was higher sales from its two Singapore department stores, Metro Paragon and Metro Causeway Point, which resulted in a 16.7% y-o-y increase in revenue to $117.2 million from $100.5 million previously.

This increase in revenue was partially offset by a lower return from the property division, largely attributed to reduced sale of property rights of the residential development properties in Bekasi and Bintaro, Jakarta. This saw a year on year decrease in revenue to $13.2 million from $13.9 million in FY2022. Nevertheless, it should be noted that revenue from GIE Tower in Guangzhou managed to marginally increase from $6.3 million to $6.4 million.

Contributing to a positive FY2023 result for the Group were higher contributions of $11.7 million from the …

The developers of Altura EC Qingjian Realty have taken great care to ensure that all of the amenities and features of the property, from the luxurious fittings and fixtures to the private environment, have all been designed to bring out the best in residents and give them a truly luxurious experience. So make sure to check out Altura EC to experience urban living at its finest!

Genting Highlands is expected to experience a visitor surge this year, thanks to the return of Resorts World Genting’s pre-pandemic levels of 30 million annually. To capitalise on this, Highlands Park City, a RM10 billion ($2.94 billion) resort development, located 5km away, has unveiled its first phase: King’s Park. This features 12 blocks with 360 strata-titled, three-storey shop lots for sale, with an average size of 1,733 sq ft. Dual frontage ensures each shop lot has both pedestrianised boulevard/riverbank and road access. Prices start …

An old-world charmed detached house with an impressive built-up of 6,000 sq ft can be found off Bukit Timah Road. Home to a homeowner and wine connoisseur, this double-storey home offers four en suite bedrooms and a 20m lap pool on a 999-year leasehold 5,877 sq ft plot.

Completely overhauled, this four-bedroom, five-bathroom house along Duchess Avenue boasts an old-world charm but with modern amenities. Sitting on a regular shaped 5,877 sq ft, 999-year leasehold plot, it offers a unique blend of old and new, with full-height glass windows bringing natural light and a 20m lap pool overlooking it.

The interiors are a testament to its previous owner, an academic, wine collector and connoisseur’s two passions of wine and books. With wine bottles everywhere, the homeowner himself planned for a private wine cellar that can accommodate close to 6,000 bottles. It was during the renovations that a full-height glass window …

The most profitable condo resale transaction during the week of May 9 to 16 was at The Anchorage, a freehold condo along Alexandra Road in District 3. A three-bedroom 1,830 sq ft unit on the fourth floor was sold for $3.14 million ($1,715 psf), yielding a capital gain of $1.73 million (123%) to its seller since the unit was bought for $1.41 million ($770 psf) in July 1997.

The Anchorage is developed by Frasers Property, and is located adjacent to Anchorpoint Shopping Centre opposite Ikea Alexandra, with a 10-minute walk to Queenstown MRT Station on the East-West Line. The development consists of 775 units across five residential blocks, completed in 1995.

Seven other resale transactions have been recorded at The Anchorage this year, with units ranging from 1,173 to 1,830 sq ft selling at prices between $1.95 million and $3.2 million ($1,662 and $1,837 psf). The sellers of these units …

Amber 45, a 139-unit freehold development on Amber Road in District 15, achieved a new psf-price high on May 9 when a two-bedroom unit measuring 700 sq ft on the 10th floor was sold for $1.9 million ($2,716 psf). This was the first time a unit at Amber 45 exceeded the $2,700 psf threshold. Located near amenities like Parkway Parade on Marine Parade Road, I12 Katong on East Coast Road and the upcoming Marine Parade MRT Station on the Thomson-East Coast Line, it was completed in 2021.

The Sea View also saw a new high during the interval between May 5 and 12, when a 1,410 sq ft three-bedder unit on the 15th floor was sold for $3.5 million ($2,482 psf). This was the second highest transaction recorded at The Sea View on a psf-price basis after the May 8 sale of a four-bedder measuring 1,518 sq ft on the …

, and Gem Residences on Edgeprop.sg

On May 25, the Urban Redevelopment Authority (URA) released three sites for sale under the 1H2023 Government Land Sale (GLS) Programme. The two residential sites are Champions Way and Lorong 1 Toa Payoh, and the short-term lease commercial site is located at Punggol Walk.

The Champions Way residential site is on the Confirmed List and can potentially yield 350 units with a site area of 14,433 sq m (155,351 sq ft) and a maximum GFA of 30,309 sq m (326,243 sq ft). It has a minimum GFA of 500 sq m (5,382 sq ft) allocated for a childcare centre. The tender will close on Sept 12.

The Lorong 1 Toa Payoh site is available under the Reserve List and can potentially yield 775 units. The site has a total area of 15,743 sq m (169,456 sq ft) and a maximum GFA of 66,121 sq …