Altura EC Bukit Batok West Avenue 8 by Qingjian Realty at Le Quest Mall

The most unprofitable transaction for the week of March 14 to 21 was for a four-bedroom unit at Marina One Residences. The 2,045 sq ft unit fetched $5.8 million ($2,836 psf) on March 16, incurring a $562,000 loss (8.8%) for the seller. They had purchased the unit for $6.36 million ($3,111 psf) in September 2021, after a holding period of 1½ years.

The most profitable condo resale transaction during the week of March 14 to 21 was recorded at One Amber. The seller of a four-bedroom unit, with a size of 1,658 sq ft, acquired a profit of $1.98 million (170%) after only 17 years. This surpasses the previous record of $1.91 million at the same location.

The unit was purchased from the developer for $1.17 million ($705 psf) in April 2006 and recently sold for $3.15 million ($1,900 psf). Located in Amber Gardens, District 15, One Amber was completed …

39 Bin Tong Park, located off Coronation Road in District 10, is up for grabs at $22.88 million. The freehold property has a land area of 9,170 sq ft, and its elevated position offers privacy and tranquility along with unblocked views of Coronation Road West and Namly Hills Estate. With a built-up area of 8,200 sq ft and an open-concept living hall and dining area, this ohme is perfect for gatherings and hosting friends and family. The dining area also overlooks a 22m pool, making it ideal for poolside parties. This property is just a five-to-10-minute drive away from sought-after schools such as Nanyang Primary School, Hwa Chong International School, and St Margaret’s Secondary School, and just 10 minutes away from the Orchard Road shopping belt. According to property experts, this is a very rare opportunity for buyers to buy for legacy planning, as a semi-detached house along Coronation Road …

Sabana REIT and Keppel EaaS have entered into agreements to implement EV charging stations and solar PV cells into the REIT’s properties. This initiative will not only reduce emissions by 43,000 tonnes over a 25-year project life, but also allow the REIT to benefit from lower energy consumption. Additionally, the REIT has signed a sustainability partnership MOU with Keppel EaaS to work towards carbon neutrality by 2040, which could include the possible implementation of smart cooling with zero upfront capital expenditure to reduce energy consumption and maintenance costs. Such initiatives will help Sabana Industrial REIT to be a leader in sustainability and foster clean, safe and pleasant operating environment for tenants and the public.…

at EdgeProp.sgCity Energy’s retail arm Life by City Energy showcases green and smart solutions for the home at its new concept store in Plaza Singapura. Customers can browse through a selection of low-carbon gas-powered appliances such as water heaters, gas hobs and dryers from brands such as Rinnai, Küche and Möwe. The products come with smart features that allow them to be controlled through a single mobile app.

At the concept store, homeowners, developers and other customers can also learn about City Energy’s electric vehicle (EV) charging solution Go by City Energy. The product offers a cross-border EV charging service and mobile app.

CEO Perry Ong said Life by City Energy is designed for customers to build “the low-carbon homes and kitchens of the future”. “With growing awareness of climate change and price inflation, people are increasingly looking for more sustainable and affordable solutions which town gas and low-carbon gas-powered …

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Yangzijiang, a Singapore-listed shipbuilding group, and its subsidiaries, have agreed to purchase a 100% stake in 39 Robinson Road, an office block located in Singapore’s Central Business District (CBD).

The purchase price of the 21-storey office building is $399 million, which works out to $2,357 per square feet based on the gross floor area (GFA) of 169,252 sq ft. The transaction, which was entered through Yangzijiang Realty, a company 81%-owned by Yangzijiang, involved two other investors in the form of 9Co Parker and ICH Singapore Holdings. These companies acquired a 10% and 9% stake in Yangzijiang Realty, respectively.

Ren Letian, executive chairman and CEO of Yangzijiang, commented about the acquisition: “Having been listed on the SGX mainboard for 16 years and being an STI index component company, the acquisition gives us an opportunity to deepen our roots in Singapore with our very own office building. Furthermore, considering the …

Grade A office rents in the Central Business District (CBD) of Singapore displayed slight q-o-q growth in the first quarter of 2023, though the figure was marginally lower than that of the previous quarter, reported JLL, a real estate consultancy. The gross effective rent for office spaces in the CBD reached an average of $11.30 psf per month in 1Q2023, up 1.0% from 4Q2022.

The waning figures, the second consecutive quarter of slowing growth, come as a result of the current macroeconomic uncertainties preventing large space users from expanding or relocating. Andrew Tangye, JLL Singapore’s head of office leasing and advisory, stated that these users had “generally pressed the pause button”, resulting in 1Q2023’s leasing activity being driven mainly by small-to-medium-sized companies with more immediate requirements.

At the same time, some companies have taken advantage of Grade A office spaces in new and upcoming completions. Examples include the German insurer …

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$37 million was recently paid for the six-storey Boat Quay shophouse located at 52 Boat Quay. The sale price represents an impressive gain of $16 million for the seller, who had purchased the property in June 2018 for $21.35 million. Savills Singapore brokered the deal.

With an estimated total built-up area of 6,446 sq ft, the shophouse underwent extensive renovations in 2015 and has now been fitted with modern and well-equipped commercial and office spaces. The top two floors are occupied by the Italian restaurant Braci, the ground floor by an Izakaka bar, and corporate offices are on the second and fourth floors.

Yap Hui Yee, the executive director of investment sales and capital markets at Savills Singapore, notes that the property attracted “significant interest” from investors. This is a result of the demand for high-quality commercial shophouses in prime locations and the rarity of such a riverfront-facing property …

, or see the hottest transactions near Boat Quay

A six-storey Boat Quay shophouse – located at 52 Boat Quay and occupying a 1,119 sq ft site with an estimated total built-up area of about 6,446 sq ft – has recently been sold for a whopping $37 million. Savills Singapore, who brokered the deal, have revealed that the fortunate seller was making a huge gain of a whopping $16 million.

The property underwent extensive renovations in 2015 and is now a showpiece of top quality, modern, and well-equipped commercial space. According to the requisite caveats, the property had been purchased in June 2018 for $21.35 million.

Altura EC, located in Bukit Batok Town, offers 375 executive condo units in an area close Altura EC to schools, MRT, bus interchange, and the Jurong Innovation District. Plots have been put up for public auction, with a current bid of S$662 psf ppr …

The office rental market in Singapore continued to remain strong in 1Q2023, despite the continuing economic uncertainty caused by the pandemic. Knight Frank’s report found that the prime-grade office rents in the Raffles Place and Marina Bay precincts grew to an average of $10.83 psf per month, recording a 1.3% q-o-q growth.

Occupancy levels in Raffles Place, Marina Bay and the overall CBD precinct remained steady at 95.4% and 94.1%, respectively. These figures were broadly unchanged from 95.5% and 94.2% in the previous quarter.

Calvin Yeo, managing director of occupier strategy and solutions at Knight Frank, attributes this to the selected office buildings commencing asset enhancement initiatives (AEIs) or redevelopment, thus removing stock from the market. Furthermore, quality office spaces remained full as businesses relocated their headquarters to Singapore.

As employees start to return to the office, Yeo says that occupiers are increasingly looking for quality office spaces that offer …

An exclusive opportunity to own a freehold industrial building in the city fringe is now available. 21 New Industrial Road, located off Upper Paya Lebar Road, has been launched for sale via an expression of interest exercise with a guide price of $66 million. Featuring a site area of 3,368.4 sq m (36,257 sq ft) zoned for Business 1 use with a gross plot ratio of 2.5, ERA Realty Network is the exclusive marketing agent for the property.

Positioned near the intersection of Upper Paya Lebar Road and Bartley Road East, the building offers dual road access from both Lim Teck Boo Road and New Industrial Road. With the former mainly comprising of landed residential developments and the latter industrial buildings, retailers, food courts and child care centres, this 15-minute walk from the Bartley and Tai Seng MRT Stations, provides an idyllic location.

Steven Tan, managing director of capital markets …