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PropertyInvestment

Author: leahlim   |   Latest post: Fri, 17 Jan 2020, 3:17 PM

 

Portfolio of shophouses on Mosque Street-Pagoda Street for sale at $141 mil

Author: leahlim   |  Publish date: Fri, 17 Jan 2020, 3:17 PM


SINGAPORE (EDGEPROP) - Savills Singapore has been appointed the sole marketing agent for the sale of a portfolio of shophouses in Chinatown. The portfolio features adjoining shophouses at 42-45 Mosque Street and 54/56 Pagoda Street.
The shophouses on Mosque Street are four-storey conserved properties with mezzanine levels as well as an open terrace of 2,200 sq ft on the second floor. They have been restored and upgraded for use as a multi-tenanted commercial building. The properties sit on a land area of 8,804 sq ft and have a floor area of 34,238 sq ft.
 
 
 
 

 

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[UPDATE] Entity linked to Chinese investor buys Casa Sophia en bloc for $29 mil

Author: leahlim   |  Publish date: Fri, 17 Jan 2020, 11:30 AM


SINGAPORE (EDGEPROP) - The owners of the 12-unit Casa Sophia have collectively sold their apartment block for $29 million in a private treaty deal, according to a caveat lodged with URA Realis on Boxing Day (Dec 26) of 2019.
 
The 25-year-old, apartment block sits on a 12,328 sq ft, freehold site on Sophia Road in prime District 9. Under the URA Master Plan for 2014, the site is zoned "residential" and has a plot ratio of 2.1. It has the potential to be redeveloped into a new 34-unit condominium, assuming an average size of 753 sq ft for the new units.
 
 
 
 

 

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Buyers snap up 10 units at Van Holland on opening weekend of sales

Author: leahlim   |  Publish date: Fri, 17 Jan 2020, 8:44 AM


SINGAPORE (EDGEPROP) - Over the weekend of Jan 11-12, Koh Brothers sold 10 out of a total of 69 units in its luxury, freehold project Van Holland. The condominium is a redevelopment of the former Toho Mansion and is located just across the road from Holland Village.
 
The number of units that have been spoken for at Van Holland is equivalent to 15% of the project. Prices are said to start from $2,600 psf. “We are deeply heartened by the warm reception that we received over the public launch weekend given that there were a number of other developments that also launched in the same weekend,” comments Francis Koh, managing director and group CEO of Singapore-listed property group, Koh Brothers.
 
 
 
 

 

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Hong Leong sells 20 units at The Avenir on launch weekend

Author: leahlim   |  Publish date: Thu, 16 Jan 2020, 3:44 PM


SINGAPORE (EDGEPROP) - The Avenir, one of the first new project launches of 2020, sold 20 out of 40 units released over the weekend of Jan 11-12, according to Hong Leong Holdings in a release at 6pm on Sunday, Jan 12.
 
Seven out of the 20 units sold were premium, four-bedroom apartments with private lift access. These units achieved an average price of $3,560 psf. The remaining 13 units sold were a mix of one- to four-bedroom units with sizes from 527 to 2,411 sq ft, and were transacted at an average price of $2,960 psf.
 
 
 
 

 

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Arcc Spaces’ homecoming

Author: leahlim   |  Publish date: Thu, 16 Jan 2020, 12:17 PM


SINGAPORE (EDGEPROP) - These days, Singapore-based real estate concept developer Arcc Spaces has a presence in six key Asian cities. But when it opened 17 years ago, the company’s chief executive Justin Chen remembers a very different market.
Back then, co-working space operators like Regus, Servcorp and The Executive Centre were in their nascent stages, and the requirements were “much more transactional”
 
 
 
 

 

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Beverly Hill unit makes $4.5 mil profit

Author: leahlim   |  Publish date: Thu, 16 Jan 2020, 7:32 AM


SINGAPORE (EDGEPROP) - Capping off 2019, the most profitable deal during the two weeks of Dec 17 to 31 occurred at the Beverly Hill condominium on Grange Road. A 3,778 sq ft, four-bedroom unit on the eighth floor changed hands for $7.7 million ($2,038 psf) on Dec 20. It had been bought for $3.22 million ($852 psf) in April 1995. Thus, the owner made a profit of $4.48 million (139%), or an annualised profit of 4% over almost 25 years.
 
Located in prime District 10, Beverly Hill is a 37-year-old freehold condo developed by Far East Organization. It comprises a 23-storey block with four-bedroom units of 3,778 sq ft, as well as penthouse units of 7,556 sq ft.
 
 
 
 

 

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Jean Yip’s hair-raising foray into property development

Author: leahlim   |  Publish date: Wed, 15 Jan 2020, 10:56 AM


SINGAPORE (EDGEPROP) - The beauty mogul’s childhood passion for lifestyle ventures into beauty, haircare, interior design, and property investment and development has blossomed over the past three decades. She is now tackling the overseas property market.

 

Since the 1980s, Jean Yip has been a household name synonymous with hair and beauty salons. What is lesser known, however, is its association with real estate — the eponymous chairman of Jean Yip Group has been steadily adding property investment and development to its portfolio.

 

 

 

Read more: https://www.edgeprop.sg/property-news/jean-yip%E2%80%99s-hair-raising-foray-property-development

 

 

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How resilient is the demand for high-end condos?

Author: leahlim   |  Publish date: Wed, 15 Jan 2020, 7:41 AM


SINGAPORE (EDGEPROP) - On Jan 3, just two days after ringing in the New Year, potential buyers thronged the preview of three prime, freehold projects in Districts 9 and 10.
 
These were the 69-unit boutique development, Van Holland (former Toho Mansion) by Koh Brothers Group; the 638-unit Leedon Green (redevelopment of the former Tulip Garden) by a joint venture between MCL Land and Yanlord Land; and the 376-unit The Avenir on the site of the former Pacific Mansion, by joint venture partners, Hong Leong Holdings, GuocoLand and Hong Realty
 
 
 
 

 

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Parc Rosewood unit up for auction at $1.08 mil

Author: leahlim   |  Publish date: Tue, 14 Jan 2020, 12:03 PM


SINGAPORE (EDGEPROP) - A 1,335 sq ft, two-bedroom penthouse unit at Parc Rosewood, along Rosewood Drive in Woodlands, will be put up for auction on Jan 21 at a guide price of $1.08 million ($809 psf), according to Edmund Tie, which is handling the auction.
The fifth-floor penthouse has two levels, and overlooks the greenery of the Mandai area, says Joy Tan, head of auction and sales at Edmund Tie. “The panoramic unobstructed view is very rare in Singapore and offers the residents peace and respite from a busy lifestyle,’’ she adds.
 
 
 
 

 

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Joey Yap’s outlook for the Year of the Metal Rat

Author: leahlim   |  Publish date: Tue, 14 Jan 2020, 7:30 AM


SINGAPORE (EDGEPROP) - According to his astrological readings for the upcoming Year of the Metal Rat, feng shui master Joey Yap expects uncertainty to continue into the new lunar year. “I think globally, the first half of the year will still be okay, but it is the second half where I expect to see abrupt changes, and this could include changes in terms of the direction from people in power,” he says.
Over the weekend of Jan 4 and 5, the Malaysian-based feng shui consultant was in Singapore and hosted two feng shui events. The first event on Jan 4 was held at the JadeScape showroom in Bishan, and was organised by Qingjian Realty (South Pacific) Group. However, the main event was his flagship Feng Shui & Astrology Seminar 2020 held on Jan 5 at Resorts World Sentosa. More than 8,000 people attended the event to hear the feng shui master share about Chinese metaphysics.
 
 

 

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CDL submits $583.9 mil top bid for River Valley GLS site; Wee Hur’s $93.4 mil bid highest for Bartley site

Author: leahlim   |  Publish date: Mon, 13 Jan 2020, 3:47 PM


The URA closed two government land tenders on Thursday – for a residential site at Irwell Bank Road, off River Valley Road, as well as a residential site at Jalan Bunga Rampai in the Bartley area. The URA will announce its decision on the award of the tenders at a later date, after the tender bids have been evaluated.
The 137,632.6 sq ft site at Irwell Bank Road is in prime District 9 and has a maximum gross floor area of 385,379.9 sq ft. The new development is expected to yield about 445 units. The site is close to the upcoming Great World MRT Station on the Thomson-East Coast Line, Great World City shopping mall, and the Orchard Road shopping belt.
 
 
 
 

 

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Singapore ranks third in global survey for real estate demand

Author: leahlim   |  Publish date: Mon, 13 Jan 2020, 12:40 PM


SINGAPORE (EDGEPROP) - Singapore has been ranked as one of the top three prime real estate cities in the world, which boast strong demand from tenants, owners and consumers. The ranking is by global real estate investment management firm Heitman.
London has retained top spot in the rankings, despite a gradual fall in cumulative score due to economic uncertainty surrounding Brexit. New York trails in second place, followed by Singapore in third place.
 
 
 
 

 

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Freehold residential project The Avenir in River Valley launches for sale on Jan 11

Author: leahlim   |  Publish date: Mon, 13 Jan 2020, 10:20 AM


SINGAPORE (EDGEPROP) - The Avenir, which comprises 376 freehold units, will launch for sale on Jan 11.
The residential project, located in District 9 in the River Valley enclave, occupies the site of the former Pacific Mansion that spans 129,648 sq ft.
 
 
 
 

 

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JLL appoints James Crawford as head of valuation and advisory, Southeast Asia

Author: leahlim   |  Publish date: Fri, 10 Jan 2020, 3:34 PM


SINGAPORE (EDGEPROP) - JLL has appointed James Crawford as its new head of valuation and advisory services for Southeast Asia, effective this month.
Crawford will oversee valuation services across Southeast Asia, focusing on coordinating and growing JLL’s services across Singapore, Thailand, Vietnam, Indonesia and the Philippines. He will also be managing the company’s expansion into Malaysia.
 
 
 
 

 

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Eleven retail shops in Sim Lim Square for sale at $22 mil

Author: leahlim   |  Publish date: Fri, 10 Jan 2020, 12:45 PM


SINGAPORE (EDGEPROP) - A portfolio of 11 retail shops in Sim Lim Square is up for sale at the price of $22 million.
The retail shops are prime, central podium-facing units on the fifth floor of the development, says Knight Frank Singapore, the exclusive marketing agent for the properties.
 
 
 
 

 

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UOL and subsidiary Pan Pacific Hotels launches new hotel brand

Author: leahlim   |  Publish date: Fri, 10 Jan 2020, 8:45 AM


SINGAPORE (EDGEPROP) - UOL Group and its hotel subsidiary, Pan Pacific Hotels Group (PPHG), have launched a new hotel brand, called Parkroyal Collection Hotels & Resorts.
The former Marina Mandarin, now rebranded as Parkroyal Collection Marina Bay, as well as Parkroyal Collection Pickering (formerly Parkroyal on Pickering), will both be housed under the new brand, which emphasises iconic design, eco-friendliness and sustainability practices.
 
 
 
 

 

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Freehold residence Van Holland launches for sale on Jan 11

Author: leahlim   |  Publish date: Thu, 9 Jan 2020, 2:56 PM


SINGAPORE (EDGEPROP) - The 69-unit freehold Van Holland, in District 10, will launch for sale on Jan 11 at prices starting from $2,600 psf.
The development by Koh Brothers Group includes two 5-storey blocks, with a selection of one- to four-bedroom units from 495 sq ft to 1,345 sq ft. There will also be a separate four-storey block housing 16 units in two-bedroom plus study, four-bedroom and four-bedroom plus attic types in sizes ranging from 1,001 sq ft to 1,991 sq ft.
 
 
 
 

 

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Two conservation shophouses along Tras Street for sale

Author: leahlim   |  Publish date: Thu, 9 Jan 2020, 11:57 AM


SINGAPORE (EDGEPROP) - Two 3-storey conservation shophouses along Tras Street are up for sale, at guide prices of $12 million and $10.8 million respectively, or $2,800 psf based on the total floor area of each shophouse.
The larger shophouse unit occupies a site of about 1,494 sq ft and has a total floor area of about 4,257 sq ft. Located across the street, the smaller unit occupies a site of about 1,298 sq ft and has a total floor area of about 3,852 sq ft.
 
 
 
 

 

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Green Court at Geylang Road launched for collective sale

Author: leahlim   |  Publish date: Thu, 9 Jan 2020, 8:08 AM


SINGAPORE (EDGEPROP) - The owners of Green Court, located along Geylang Road, have put up the freehold development for collective sale at the reserve price of $28 million, or $1,178 psf per plot ratio (ppr).
Green Court is a freehold, three-storey commercial and residential development comprising three ground-floor shops and six 2-storey walk-up apartments on the second level.
 
 
 
 

 

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Hokkaido ski resort Yu Kiroro officially opens

Author: leahlim   |  Publish date: Wed, 8 Jan 2020, 3:04 PM


Thailand-listed property developer Property Perfect has announced the official opening of Yu Kiroro, a collection of residences in the mountains of Hokkaido, Japan.
Yu Kiroro features 104 units, which includes one, two and three-bedroom freehold luxury private residences as well as penthouses. They come fully-furnished with premium services such as ski valet, a natural indoor-outdoor onsen, 24-hour concierge, fitness centre and lounge, and all-day dining.
 
 
 
 

 

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