The Panorama – New Launch Condo by Wheelock Properties

Sky Everton hits new psf price high of $3,406 psf

A six-bedroom, 2,228 sq ft penthouse at Sky Everton was sold for $7.59 million ($ 3,406 psf) on July 26
The growth was launched up for sale in June 2019, with greater than 40% of units sold during its launch weekend at a typical cost of around $2,500 psf. According to analysis on EdgeProp Singapore’s research study tool, the task has seen fairly constant sales and prices have slowly risen to an average of $2,865 psf in the last 12 months as of August.

The sale of a six-bedroom penthouse at Sky Everton fetched a new psf price. The 2,228 sq ft system was sold by designer SL Funding– a joint venture of Sustained Land, Ho Lee Group, Kwong Lee Land and also Penjuru Resources– for $7.59 million on July 26, which works out to $3,406 psf.

Panorama Floor Plan

Sky Everton is a freehold growth located on Everton Road …

Read More

Freehold shophouse in Geylang on the market for $18 mil

Panorama Floor Plan

The structure remains on a 5,583 sq ft website and has a flooring location of about 12,000 sq ft. Thus, the asking rate translates to a land rate of $3,224 psf, or about $1,500 psf on the floor location.

The shophouse is close to Kallang and also Aljunied MRT Stations on the East-West Line. Nearby mall include Paya Lebar Quarter, Paya Lebar Square, as well as SingPost Centre.

The site is zoned for household usage or institutional use with a gross plot proportion of 2.8, and an allowable elevation of as much as 8 storeys, based upon the current Master Plan. According to the advertising representative, the shophouse is presently completely tenanted.

An estate shophouse at 6 Lorong 19 Geylang has been offered by means of expression of passion with a $18 million asking price. The home is marketed by Mount Everest Properties.

Based upon EdgeProp’s Landlens …

Read More

Strata industrial unit at Delta House on the market for sale and lease back at $30 mil

Found in the city edge, Delta House is within 700m strolling distance to Tiong Bahru MRT terminal, near Tiong Bahru Plaza, Valley Point and Great World City. It’s just a seven-minutes’ drive to the CBD.

JLL’s Zeng expects to see interest from both financiers as well as industrialists offered the deficiency of property strata systems in the city edge. With the leaseback by the supplier, investors enjoy prompt rental revenue stream he includes. Customers may also explore strata partitioning the lot, based on authorities’ authorization. No Additional Buyer’s Stamp Duty applies on the purchase of the purchase, as well as foreigners are qualified.

The device inhabits near to 65% of the whole floor, and also represents about 10% of the overall strata area as well as complete share worth at Delta House. The seven-storey flatted factory has a preschool on the initial floor, with upper stories real estate manufacturing areas, …

Read More

Commercial conservation shophouse on Craig Road up for sale at $12 mil

It is zoned for industrial use, with the initial flooring authorized for F&B usage and the top floor approved for workplace usage. The shophouse is presently totally Hillhaven tenanted to a Japanese coffee shop teahouse on the ground floor and also an MNC on the upper floor, according to Yap Hui Yee, senior director of investment sales as well as funding markets at Savills.

As part of the Chinatown-Tanjong Pagar historic sanctuary, the shophouse is located in the Duxton Hill enclave, home to popular restaurants, bars and also hipster coffee shops. Tanjong Pagar MRT Station (on the East-West Line) as well as the upcoming Maxwell MRT Station (on the Thomson-East Coast Line) are both within walking range.

A two-storey industrial shophouse with attic, situated at the junction of Neil Roadway and also Craig Roadway, is up for sale through expression of interest (EOI) at a guide cost of $12 million, …

Read More

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

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. …

Read More

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

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 …

Read More

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

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 …

Read More

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

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 …

Read More

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

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 …

Read More

Waterfront Living at the Singapore River

When it comes to purchasing property in the Singapore River area, the most popular choice is to purchase a Waterfront Condos. These Waterfront Condos have been built on high rises and are only a few stories high. The Waterfront Condos is perfect for families and individuals who enjoy the view of the Singapore River. In addition to being a great place to live, they are also highly sought after as a place to invest in real estate. River Valley area is known for the many celebrities that live here.

There are so many reasons why investing in a Waterfront Condo makes sense. One reason is that this area offers some of the best views of the beautiful southern ocean and the Marina Bay area. Another reason is that the area has a very low crime rate. The area has seen new construction come into the area from the onset of …

Read More