Month: July 2022

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, …

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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, …

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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. …

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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 …

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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 …

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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 …

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