Kingsford and MCC Land behind $890 mil bid for Chuan Park in biggest en bloc deal of 2022 so far

• By AngMoKioTower
• July 17, 2022

Now that Normanton Park is completely marketed, Kingsford has just one other upcoming development, specifically the 142-unit new project at Slim Barracks Rise. It had actually won the website in a government land tender last September with a bid of $162.388 million ($ 1,210 psf per story ratio).

Chuan Park has 444 condominium systems and 2 shop devices in the development. It is located beside Lorong Chuan MRT terminal
Finished in 1984/85, the existing Chuan Park has 444 condo devices and also 2 strata business systems remaining on a 400,588 sq ft website with a plot proportion of 2.1. Under the URA Master Plan 2019, the website can be redeveloped into a new condominium with a gross flooring area (GFA) of 841,236 sq ft. This converts to regarding 900 domestic systems, based on URA and Land Transport Authority approval. The site has a 99-year lease beginning with June 6, 1980. …

Robust sales at Leedon Green continue to push up prices; new high at $3,081 psf

• By AngMoKioTower
• July 15, 2022

Kensington Square Condo

New developer sales at Leedon Green continue to press up psf rates at the freehold condo. The most recent to establish a brand-new high was a 700 sq feet, two-bedroom Zion Road Condo device on the seventh flooring that was transacted for $3,081 psf or $2.16 million on June 27. A 1,389 sq feet, three-bedroom unit fetched $2,513 psf or $3.49 million on June 28. This is higher than the previous document established by the sale of a 474 sq ft, one-bedroom system for $1.16 million ($2,449 psf) in March 2018.

An artist impression of the upcoming Haus on Handy, which saw a brand-new record low of $2,571 psf.

New designer sales at Leedon Green continue to rise psf costs at the freehold apartment. The most recent to set a new high was a 700 sq ft, two-bedroom system on the seventh flooring that was transacted for …

Lim Wan Looi, wife of Fragrance Group’s boss, buys Good Class Bungalow at Bishopsgate for $65 mil

• By AngMoKioTower
• July 8, 2022

Copen Grand

At Coronation Road WestRoadway another GCB an additional said to stated changed have actually transformed $47.288 million ($ 1,661 psf). The bungalow rests at the corner of Coronation Road West and also Holland Road.

According to resources, the purchase price was $40.5 million ($ 2,517 psf), as well as the deal is stated to be brokered by Knight Frank.

On the other hand, at Cornwall Gardens, off Leedon Road, a GCB sitting on a freehold website of 16,089 sq ft is The Myst said to have actually just transformed hands just recently also. The GCB created by Chang Architects is said to have 6 rooms, a health club, enjoyment spaces, a library and also several dining-room. It also has a roof garden, courtyard garden, swimming falls, swimming pool and also koi pond.

The GCB at Coronation Road West recently changed hands for $47.288 million.

The buyer is Lim …

People’s Park Centre launched for collective sale at $1.8 bil

• By AngMoKioTower
• July 7, 2022

The historical People’s Park Centre has actually been put up for sale via collective tender at a book rate of $1.8 billion. ERA has been appointed as the single advertising and marketing agency.

Copen Grand

Found at 101 Upper Cross Street, the advancement is next to the Chinatown MRT Station (on the North-East Line and Downtown Line) and also a brief drive to the CBD.
Presently, the mixed-use development contains 324 retail systems, 256 office systems as well as 120 domestic systems, along with a carpark.

Completed in 1970, the 99-year leasehold website covers an acreage of 95,457 sq ft with an allowable gross story ratio of 8.6, converting to a maximum built-up area of 821,017 sq ft. ERA estimates the land price at $2,620 psf ppr after considering the differential premium and also lease top up to a fresh lease.

People’s Park Centre is situated in the historical district …

Office Rents to Surpass Pre-pandemic Peak in 3Q2022 by JLL

• By AngMoKioTower
• June 29, 2022

Grade A workplace rental fees in the CBD grew by 2.7% q-o-q in 2Q2022 to reach $10.74 psf per month, according to a JLL workplace report released on June 29. This notes a 5th successive quarter of development, in addition to the largest growth since rental fees recoiled in 2Q2021.

Workplace rents have now recuperated to simply 0.6% listed below the pre-pandemic optimal of $10.81 psf, according to JLL.

The strong efficiency during the quarter was underpinned by climbing organization confidence as well as the leisure of risk-free administration procedures, as all employees were permitted to return to the workplace from April 26.

” Expansions and brand-new set-ups much outweighed work environment downsizing, leading to 2Q2022 web absorption of CBD Grade An office space– at 0.6 million sq ft– reaching the greatest in 17 quarters, notes Tay Huey Ying, JLL Singapore’s head of study and also consultancy. Therefore, office vacancy …