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 in District 2. The task consists of a 36-storey tower that will certainly house 262 residences. Systems comprise a mix of one- to four-bedroom apartments that vary from 463 sq ft to 1,345 sq ft. There are likewise 4 penthouses– 2 five-bedders gauging 1,819 sq ft and 2 six-bedders determining 2,228 sq ft.

3 of the four penthouses at Sky Everton were offered this year, consisting of the 2,228 sq ft penthouse that was sold on July 29. The other 2,228 sq ft penthouse was sold on March 31 for $7.11 million ($ 3,189 psf), which was the highest possible transaction recorded for Sky Everton at the time. Meanwhile, among the two 1,819 sq ft penthouses was sold on Jan 30 for $5.69 million ($ 3,127 psf). Sky Everton is within walking distance of the upcoming Cantonment MRT Station on the Circle Line and also is slated for completion in 2023.

The last device readily available at One Meyer– a 926 sq ft three-bedroom device– was sold for $2.24 million ($ 2,419 psf) on July 28, noting a brand-new psf price reduced

One Bernam is a 99-year leasehold mixed-use advancement situated on Bernam Street, off Anson Road in District 2’s Tanjong Pagar location. It is a joint venture project between MCC Land as well as Hao Yuan Investment. In addition to 351 domestic systems, One Bernam comprises a two-storey retail podium of 15,726 sq ft and one flooring of serviced apartment or condos with 13 tricks.

One more upcoming growth, One Bernam, also saw a brand-new psf cost high after a one-bedroom device determining 452 sq ft on the 26th floor was marketed by the programmer for $1.37 million ($ 3,039 psf) on July 25

One Bernam saw a brand-new psf cost high after a 452 sq ft one-bedroom system was sold for $1.37 million ($ 3,309 psf) on July 25.

Systems at One Meyer are a mix of portable two- and also three-bedroom apartment or condos, with sizes ranging from 614 to 1,033 sq ft. The growth, slated for conclusion in mid-2023, is located simply throughout Katong Park and Katong Park MRT Station on the Thomson-East Coast Line, which will open in 2024.

To date, 121 of units (34%) have an ordinary price of $2,467 psf, based on caveats lodged. Devices at One Bernam comprise a mix of one- to three-bedroom systems, with dimensions ranging between 452 to 1,421 sq ft. There are also 2 devices of three-bedroom penthouses with sizes of 1,744 as well as 1,948 sq ft, while the biggest penthouse has five total amounts as well as bedrooms 4,306 sq ft in size.

Devices comprise a mix of one- to four-bedroom apartments that range from 463 sq ft to 1,345 sq ft. There are also 4 penthouses– 2 five-bedders measuring 1,819 sq feet and two six-bedders measuring 2,228 sq ft.

Meanwhile, One Meyer– an estate apartment or condo situated along Meyer Place in District 15’s Marine Parade– saw a new low in regards to price when a 926 sq ft, three-bedroom unit was sold for $2.24 million ($ 2,419 psf) on July 28. This notes the sale of the last residence offered at the 66-unit store advancement by Sustained Land, which suggests it is 100% sold. The project, which released offer for sale in March 2019, saw its systems sold at an average cost of $2,580 psf over the past three years.

A six-bedroom, 2,228 sq ft penthouse at Sky Everton was sold for Offered7.59 million ($ 3,406 psf) on July 26
One of the two 1,819 sq ft penthouses was sold on Jan 30 for $5.69 million ($ 3,127 psf). Devices at One Bernam comprise a mix of one- to three-bedroom units, with dimensions varying between 452 to 1,421 sq ft. There are additionally 2 devices of three-bedroom penthouses with sizes of 1,744 as well as 1,948 sq feet, while the biggest penthouse has five bed rooms and totals 4,306 sq feet in dimension. One Meyer– an estate apartment or condo situated along Meyer Place in District 15’s Marine Parade– saw a brand-new low in terms of rate when a 926 sq ft, three-bedroom unit was offered for $2.24 million ($ 2,419 psf) on July 28.…

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 analytics device, there have been two current en bloc purchases around. They involved Advance Apartments on Lorong 25 Geylang, which negotiated for $26.5 million ($ 1,270 psf) in December 2020, and Yuen Sing Mansion on Lorong 13 Geylang, which was sold for $15.2 million ($ 1,580 psf) in August 2020

One of the most current launch in the location was the 110-unit Rezi 24 on Lorong 24 Geylang, which was introduced for sale in March 2019.…

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, warehouses and ancillary offices.
The sale is subject to existing occupancies with staggered lease expiration dates. According to Zeng, the supplier prepares to rent back most of the space that it’s inhabiting. The unit has windows on 3 sides, direct guest and also freight lift accessibility in addition to 8 scheduled parking spaces.

An estate strata commercial device at Delta House, located along Alexandra Road, gets on the market to buy by private treaty with JLL as the unique advertising agent. The a sign rate for the device with a strata area of 23,562 sq ft is $30 million or $1,237 psf, claims Victor Zeng, JLL Singapore director of resources markets.

Panorama Condo

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 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, or $3,445 psf. Savills has been appointed as the sole advertising representative.

With a land area of 1,581 sq ft and also an estimated flooring area of 3,483 sq ft, the lately refurbished shophouse has a mezzanine degree and an open balcony forgeting rich greenery.

Panorama location

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. The site lies alongside the Lorong Chuan MRT terminal on the Circle Line.

Panorama Condo

If the $890 million deal by Kingsford and also MCC Land undergoes, this would certainly make Chuan Park the biggest cumulative sale deal this year to date.

Word on the street is that Chinese programmers Kingsford Development as well as MCC Land are the celebrations behind the $890 million offer for Chuan Park. Earlier on July 15, a notice was sent by the collective sale board chairperson of Chuan Park condo to all strata owners, introducing that a conference will certainly be hung on Monday, July 25 at 7.30 pm “to offer info concerning the collective sale”.

Market speculation has actually been swarming that Kingsford is the buyer of Chuan Park because it fully sold all 1,862 systems at Normanton Park as at end June. And this was attained in simply 18 months considering that its launch in January 2021

Product on the schedule was to offer an update on the portion of units (by strata location and by share worth) that had actually signed the extra joint agreement to modify the get rate to $890 million. According to sources, the identification of the programmer has actually not been revealed to the owners of Chuan Park yet.

The new reserve price of $890 million is just 5% below the original price tag of $938 million. The first cumulative sale effort made by the proprietors of Chuan Park was on Oct 5, 2021, at $938 million.

The 1,862-unit Normanton Park is completely offered as at end June, 18 months after its launch in January 2021.
Normanton Park is a cumulative sale of the previous 488-unit privatised HUDC estate of the same name. Kingsford Development had actually acquired the 661,005 sq ft, 99-year leasehold site for $830.1 million. Construction of the brand-new 1,862-unit Normanton Park is handled by MCC Singapore, the building and construction and also design arm of MCC Group, and is arranged for conclusion by end next year.

Age Realty, the marketing agency for Chuan Park, declined to comment for this tale. Kingsford Development might not be grabbed comment.

Normanton Park is built on the site of the previous privatised HUDC estate, the 488-unit Normanton Park beside Kent Ridge Park

Normanton Park is a collective sale of the previous 488-unit privatised HUDC estate of the very same name. Construction of the brand-new 1,862-unit Normanton Park is taken care of by MCC Singapore, the building and construction as well as design arm of MCC Group, and also is scheduled for conclusion by end following year.

Kingsford is said to be “hungry for sites”. Incorporated in Singapore in 2011, its maiden job was the 512-unit, 99-year leasehold Kingsford Hillview Peak, which was launched in April 2013, completed in 2017 as well as completely marketed. The 2nd task was Kingsford Waterbay, with 1,165 devices fronting the Serangoon River. Introduced in 2015, the project was fully offered as well as finished in 2018.

According to resources, Kingsford had intended to win the tender for the adjacent website at Slim Barracks Parcel An as well, which had shut at the same time. Nonetheless, it narrowly missed out on winning the website by $4 million with a quote of $316.1 million ($1,230 psf per plot proportion) relative to EL Development’s leading quote of $320.1 million ($1,246 psf) at the close of the tender last September.

MCC Group’s participation in Chuan Park either as a joint venture companion under MCC Land or as a specialist for the project under MCC Singapore continues to be to be seen. If the cumulative sale of Chuan Park at $890 million achieves success, this can give renewed want to various other collective sale hopefuls at other aging leasehold advancements.

The initial collective sale effort made by the proprietors of Chuan Park was on Oct 5, 2021, at $938 million. Completed in 1984/85, the existing Chuan Park has 444 condo units as well as two strata industrial systems sitting on a 400,588 sq feet site with a plot ratio of 2.1. The website is located next to the Lorong Chuan MRT terminal on the Circle Line.…

Read More
Dairy Farm Residences | The Estuary | Forestville | Sant Ritz | Ecopolitan | J Gateway | Kensington Square | The Panorama | Lake Life | City Gate | Westwood Residences | Bellewoods | Bellewaters | The Terrace EC | Botanique @ Bartley | Symphony Suites | The Vales EC | Wandervale EC | Thomson Impressions | Parc Life EC | Highpark Residences | Cairnhill Nine | Parc Riviera | Sol Acres | Inz Residence EC | Carpmael 38 | Kingsford Waterbay | Signature at Yishun | The Criterion EC | The Alps Residences | Forestwoods | Queens Peak | The Navian | Amber 45 | The Verandah Residences | Nim Collection | Martin Modern | Le Quest | Bukit 828 | The Hyde | Seaside Residences | Fourth Avenue Residences | The Garden Residences | Uptown @ Farrer | The Gazania | Midtown Suite | Artra Condo | Canninghill Piers | 8 Saint Thomas | Grange 120 | The Tapestry | Park Colonial | Riverfront Residences | Jadescape | Boulevard 88 | Arena Residences | Parc Clematis | Riviere | Midwood | Avenue South Residence | Midtown Bay | Piermont Grand | Kopar @ Newton | Klimt Cairnhill | Phoenix Residences | Belgravia Ace | Tengah EC | Yishun EC | Jalan Tembusu Condo | Bukit Batok EC | Ang Mo Kio Condo | Jalan Anak Bukit Condo | Slim Barracks Rise | Lentor Condo | Tampines EC | Dunman Road Condo | The Reserve Residences | Amo Residences | Blossoms | Orchard Sophia | Bukit Batok EC | Copen Grand EC | Tengah EC | Tenet EC | Senja EC | Marina Gardens Lane Residences | Jurong East Central Condo | Former JCube | Leonie Hill Condo | Upper East Coast Road Condo | Yuan Ching Road Condo |Former Park View Mansions Enbloc | Lorong Chuan Condo | Former Chuan Park Enbloc | Former Euro Asia Apartment Condo | Serangoon Road Condo