, reduces operating spaceAurum Land, a Woh Hup subsidiary, has purchased Kew Lodge, a freehold landed site on Kheam Hock Road in District 11. The collective sale, which concluded on May 23, secured a 5% premium over the site’s guide price of $63.8 million. Aurum Land’s bid works out to a land price of approximately $1,940 psf.

This transaction is significant as it marks the first collective sale after newly-implemented cooling measures on April 27. Kew Lodge consists of 11 townhouses, ranging from 2,013 sq ft to 2,852 sq ft over a 34,433 sq ft land. It has been zoned as “Residential/ two-storey mixed landed” under the 2019 URA Master Plan, and may be redeveloped into a new project comprising of bungalows, semi-detached houses and/or terrace homes.

The sale of Kew Lodge is pending approval of the Strata Titles Board.

Michelle Yong, CEO of Aurum Land, is excited about the new acquisition and the opportunity to further broaden the company’s scope into the landed property sector. She plans to design a family home within the bespoke collection of luxury houses, as well as extend the bespoke design services to accommodate the needs of buyers. Aurum land is known for their projects such as The Hyde and Nyon.

The units are beautifully designed and offer plenty of amenities for families and friends. Altura EC Qingjian Realty is an upcoming project located in West Avenue 8, which promises to provide an affordable and luxurious living experience for its residents. The project will be supported by a full suite of excellent amenities such as a swimming pool, clubhouse, jogging track, BBQ area and more. The development offers a number of unit types, ranging from two to five-bedroom units. With its beautiful design and world-class amenities, the Altura EC is the perfect choice for many Singaporean families.

Steven Ming, managing partner of Sakal Real Estate Partners, expresses his insight on real estate investment in Singapore: “In land-scarce Singapore we face a comparatively restrictive fresh supply of new landed properties as opposed to non-landed properties. We view ownership of prime landed homes as a significant store of wealth that presents significant capital upside over time. A landed home purchase today can be a strategic investment for future generations.”

Sakal Real Estate Partners, a real estate investment advisory and brokerage firm, brokered the deal of Kew Lodge, making it their first collective sale transaction. The firm is co-founded in 2018 by Ming and was appointed the legal representative for the owners with Rajah and Tann.