Mortgage , Property News , Real Estate

Two adjoining shophouses off Upper Thomson Road for sale at $10.5 mil

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Adjacent to Adelphi Park Estate and located just a minute’s walk away from Upper Thomson MRT station, two freehold adjoining shophouses have been launched for sale via expression of Interest (EOI) at a guide price of $10.5 million. It is estimated that the existing combined floor area of approximately 3,940 sq ft. spreads across a total site area of 3,650 sq ft with a gross plot ratio of 3.0 adopting a building height of up to four storeys as per the 2019 Master Plan.

The shophouses are situated off Upper Thomson Road, around 50m away from the Thomson Plaza shopping mall and are accessible via major roads and expressways: Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway. Caldecott MRT Station (with an interchange of the Circle Line) is one stop away from Upper Thomson MRT.

The sale for the properties offers an opportunity for investors to enjoy rental income as well as potential capital appreciation in the long term. There is also an option of redeveloping the shophouses into a four-storey residential building with commercial space on the first storey. For this option, the successful buyer needs to receive approval from the authorities and can expect a gross floor area of about 10,950 sq ft accordingly.

A plethora of amenities located nearby, such as popular eateries and cafes along Upper Thomson Road, Sin Ming Plaza and Junction 8 shopping mall, as well as prestigious educational institutions like Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School and Whitley Secondary School within a 1-2km radius, adds to the appeal of these shophouses.

The shophouses are for sale with existing tenancies and on an “as is where is” basis. The EOI exercise for the property will close on May 8 at 3pm.

Steven Tan, managing director of capital markets and investment sales at ERA Realty Network says, “This rare opportunity offers investors a chance to own a pair of freehold shophouses that offer immediate rental income and future capital appreciation potential in the long term.” ERA is the exclusive marketing agent for the shophouses.…

Mortgage , Property News , Real Estate

Collective sale of Tanjong Katong development relaunched at $63 mil

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At 52 to 62H Tanjong Katong Road, owners have relaunched the property for tender at a guide price of $63 million. Huttons Asia, the sole marketing agency for the site, notes that it received several offers for the walk-up development of 26 units when first put up for collective sale in July 2020, with an asking price of $65.5 million.

The land area of the property is approximately 32,397 ft and is zoned for residential purposes, with a gross plot ratio of 1.4 according to the 2019 Master Plan. This could potentially yield 45,356 ft of gross floor area which could provide the basis to build 49 residential apartments of around 915 sq ft each.

At a guide price of $63 million, the land rate is $1,401 psf per plot ratio (psf ppr) when taking into account the estimated land betterment charge of approximately $530,000. With a bonus of 7% balcony gross floor area, the rate could be reduced to $1,375 psf ppr.

The property is located within a 500m walk of Paya Lebar MRT Station and is only a 10-minute drive from the CBD. This makes it an attractive option for buyers looking for a new home in District 15. The area also features shopping malls such as PLQ mall, i12 and Parkway Parade, alongside recreational facilities such as the Singapore Sports Hub and East Coast Park.

Additional F&B and cafe offerings in the Katong and Joo Chiat areas provide an abundance of convenience for professionals and young couples. The tender for 52 to 62H Tanjong Katong Road closes May 9, at 2pm.

This comes following the success of the launch of Tembusu Grand, a 638-unit condo by City Developments and MCL Land, located on Jalan Tembusu, just off Tanjong Katong Road. In April 2021, the property saw 53% of its units sold at an average price of $2,456 psf.…

Mortgage , Property News , Real Estate

Two shophouses at Perak Road up for sale at $13 mil

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The two-storey shophouses at 6 and 7 Perak Road have been launched for sale via tender with a guide price of $13 million. This works out to approximately $2,425 per sq ft on their total floor area of 5,360 sq ft and they are zoned for commercial use. Located in the Jalan Besar/Little India precinct, they are a three-minute walk to Rochor MRT Station and have approval for usage as a backpackers’ hostel.

These well-maintained properties occupy a land area of approximately 2,870 sq ft, with an 11.4m-wide frontage along Perak Road. According to Gracelynn Zhu of PropNex Shophouse Elites, which is marketing the property, the properties enjoy strong rental demand and the vendor is looking to sell the shophouses with vacant possession.

Given their strategic location in District 8, surrounded by amenities, and close to the Bugis area, Zhu believes the properties may be ideal for hostel operators looking to tap renewed interest for convenient and accessible accommodation. As no additional buyer’s stamp duty is Luminar Grand payable on the purchase of the properties, Zhu estimates that the shophouses could potentially bring in a gross rental yield of over 3% for the future buyer.

The tender for the property will close on May 8 at 3pm. With a guide price of $13 million, it works out to $2,425 per sq ft on the total floor area. Those looking to invest in the properties can anticipate strong rental and capital growth, and potentially make a gross rental yield of over 3%.

With the recovery of the tourism sector gaining strong momentum post-pandemic, Zhu expects keen interest from investors seeking assets that can provide strong rental and capital growth. The well-kept condition and location of the shophouses in the Jalan Besar/Little India precinct means they could be ideal for hostel operators looking to tap renewed interest for convenient and accessible accommodation among incoming tourists and travellers.

Overall, the two-storey shophouses with mezzanine space at 6 and 7 Perak Road are well-positioned for profitable investment for both hostel operators and investors alike. With no additional buyer’s stamp duty and strong rental demand, this is a great opportunity to take advantage of in the tourism-recovery post-pandemic.…

Mortgage , Property News , Real Estate

JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

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Sandeep Sethi has been appointed as Division President of Work Dynamics in the Asia Pacific Region by JLL, expanding his current role of Managing Director and Head of Work Dynamics for the West Asia market. Having an experience of 27 years in the corporate sector and 10 of them at JLL, Sethi has excelled inforge deep relationships with clients and grow the business to become the largest occupier in West Asia, managing a whopping 160 million sq ft of office space over 1,500 client sites across India, Sri Lanka, Mauritius, and Bangladesh.

In this new position, Sethi will kick off his work with North Asia market and overseeing all services to clients will be one of the important tasks. In addition, the leader will be responsible for growing the company’s market share in mainland China and Hong Kong. He will be based in Gurgaon and will directly report to Susheel Koul, JLL’s CEO for Work Dynamics in Asia Pacific.

Speaking on the appointment, Koul expressed his delight and thanked Sandeep for accepting the role. He commended Sandeep for being an established leader and client advisor, who has an insightful understanding of the ever-changing nature of the commercial real estate industry.

Koul remarked, “His appointment reinforces JLL’s commitment to developing and elevating our people to serve our rapidly diversifying client base across Asia Pacific”.

Sandeep’s years of experience in the corporate sector, especially his decade long association with JLL, speaks of his capabilities and accomplishments. As the leader steps into his new role, the Asia Pacific region can look forward to more success in the future.…

Mortgage , Property News , Real Estate

JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

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Sandeep Sethi has been appointed as division president of JLL’s work dynamics in Asia Pacific. This business unit provides services across the full real estate life cycle for occupiers, including integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience, and lease transaction management. This role expands his current portfolio of managing director and head of work dynamics for West Asia.

With over two decades of diverse experience in the corporate sector, Sethi brings 10 years of expertise from JLL to the table. Under his radar, JLL had become the largest occupier business in West Asia, managing more than 160 million sq ft of office space across 1,500 client sites in India, Sri Lanka, Mauritius, and Bangladesh.

In his new role, Sethi is responsible for JLL’s North Asia market, overseeing all services that are delivered to the clients. He is additionally responsible for growing JLL’s North Asia marketshare, in mainland China and Hong Kong. His base is in Gurgaon and he will report to Susheel Koul, CEO for JLL’s work dynamics in Asia Pacific.

Koul described Sethi as an “established leader and respected client advisor” who has an “astute understanding” of the ever-changing commercial real estate scene. The appointment serves as a testament to JLL’s commitment to developing its people to better serve their clients in Asia Pacific.

By appointing Sethi in this role, JLL aims to provide their clients with a Bukit Batok EC comprehensive service offering, in an effort to meet the growing demand for occupier real estate services in the region.…

Mortgage , Property News , Real Estate

Shipyard at Benoi Road for sale at $11.3 mil

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A plot of land boasting a size of over 500,000 sq ft with waterfront access located at the junction of Benoi Road and Pioneer Road within the Jurong Industrial Estate has been launched for sale via an expression of interest (EOI) exercise at a guide price of $11.3 million.

Various structures already situated on the property include a two-storey office block with a single-storey annexe office, three blocks of single-storey workshop, a mould loft building, a fabrication workshop, and a wharf. It is suitable for shipbuilding, ship or vessel repair and maintenance.

The property located around 24km from the City Centre is easily accessible with the Ayer Rajah Expressway and Pan-Island Expressway in the vicinity, as well as the Joo Koon MRT Station, which is a five-minute drive away.

Isabel It, associate division director of Huttons Asia, states that the plot is regular in shape and has a corner frontage of around 255m on Benoi Road and Pioneer Road, with an average plot depth of 213m. On the east side, the land has a 230m frontage against the waterfront.

“The land is generally at an access-road level with a flat contour,” It adds.

Lee Sze Teck, senior director of research at Huttons Asia, reveals that the last known sale of an industrial property on Benoi Road for similar usage, based on caveats lodged, was a 328,105 sq ft plot at 5 Benoi Road in December 2020 for $10.5 million.

In February 2021, a shipyard with a site area of approximately 1.5 million sq ft at 55 Gul Road – about a 10-minute drive from 1 Benoi Road – was acquired by ST Engineering for $95 million.

“The property is suitable for companies looking to expand their business as a plot of land of such size meant for vessel building or maintenance usage is rarely available for sale,” remarks Lee.

The sale of the property known as 1 Benoi Road is subject to approval from relevant authorities. The EOI exercise for the property closes on April 27 at 3pm.

For further real estate development news and transactions around Benoi Road, Jurong Industrial Estate, check out the latest listings near the area.…

Mortgage , Property News , Real Estate

GuocoLand sole bidder for Lentor Gardens GLS site at $985 psf ppr

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GuocoLand’s Lentor Modern sold 84% of units on launch weekendLentor Gardens GLS site drew just one bid from GuocoLand and Intrepid Investments for a land rate of $985 psf pprThe tender for the residential government land sale (GLS) site at Lentor Gardens concluded today with just one bid from GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group). The joint venture partners submitted a bid of $486.8 million, which translates to a land rate of $985 psf plot ratio (psf ppr).

GuocoLand spokesperson has stated that they are envisioning the development of a high-end residential development at this site with 533 units and 600 sqm of childcare facilities. The development is expected to add to the area of Lentor Hills transforming it into a known premium residential area.

The current bid of $958 psf ppr is the lowest for a Lentor land parcel as stated by Mark Yip, CEO of Huttons Asia. This is also the first residential GLS tender to see only one bidder since the tender of the Silat Avenue GLS in 2018, awarded to a UOL Group consortium for $1.035 billion.

Last year, two other GLS sites at Lentor were awarded. Lentor Central was sold to a consortium comprising China Communications Construction, Soilbuild Group Holdings and United Engineers for $481.03 million ($1,108 psf ppr). TID (a joint venture between Hong Leong Group and Mitsui Fudosan) won the tender for Lentor Hills (Parcel B) for $276.36 million ($1,130 psf ppr) and can yield about 265 units.

The GLS site at Lentor Hills Road (Parcel A) was sold for $586.6 million ($1,060 psf ppr) in January 2022, which was purchased by a joint venture between GuocoLand, Hong Leong Holdings, and TID. The project, the 598-unit Lentor Hills Residences, is expected to be launched soon.

GuocoLand’s launch of the 605-unit Lentor Modern integrated development, which took place last September, saw 84% of the units being sold on launch weekend. Prices being lodged and recorded at an average of $2,104 psf, the project is now 88% sold.

Huttons’ Yip noted that bids for GLS over the Lentor area have been declining; which could be attributed to the cloudy economic outlook along with the risk of being slapped with Additional Buyer’s Stamp Duty if unable to sell all the units within five years.

Two other GLS sites at Lentor are on sale for the 1H2023 GLS Programme. A site at Lentor Central, expected to launch for tender this month, can yield 475 units and a 500-unit residential site at Lentor Gardens is on the Reserved List.

Leonard Tay, head of research at Knight Frank Singapore, estimates that the three already sold and the two still on sale sites potentially bring in 3,500 new units with 11,000 new residents. He pointed out the proximity of the site to the Lentor MRT station and recreational facilities such as Thomson Nature Park and Yio Chu Kang Stadium and Sports Complex. It is also around 1 km away from CHIJ St Nicholas Girls’ School, making it attractive to parents with school-going children.

Steven Tan, CEO of OrangeTee & Tie, believes that the eventual launch at the site could see units priced around $1,950 to $2,050 psf.

It is interesting to note that with the emergence of GuocoLand has a dominant player in the Lentor Hills estate, could be an indicator of the potential for the development of this land parcel at Lentor Gardens. Opportunities like this to make an investment in such prime land, rarely come by and with the area being a bullseye on the investment map; the tender to purchase this project at the rate of $985 psf ppr, might turn out to be quite a lucky draw.…

Mortgage , Property News , Real Estate

The Myst CDL Aries New Condo at Upper Bukit Timah Road Tan Chong Industrial

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The Myst Condo a residential development situated right in the middle of Bukit Panjang and Cashew by City Developments Limited, has been acquired by CDL Aries, the Singaporean city-state’s largest non-government-controlled developer. The Myst CDL is situated on two plots at 798 and 800 Upper Bukit Timah Road in Tan Chong industrial park of northwest Singapore, covering 16,620 square metres (178,900 square feet). It is zoned for residential use with a plot ratio of 2.1, and the developer has been granted permission to build a 24-storey project on the prime plot.

In recent years, the city-state has taken steps to invigorate Bukit Timah by introducing a variety of development proposals to bolster commuting options and add more green areas to the area. These initiatives involve the Railway Corridor project near to The Myst Condo with the objective of converting pre-existing railway tracks into a recreation facility. Additionally, the city-state has advanced the Beauty World regeneration scheme to form an eco-friendly urban village.

The Myst Condo neighbourhood boasts a host of amenities, including numerous nearby schools, commercial spaces and parks. The 19-storey Hazel Park condominium building is located right beside the Tan Chong industrial park, and the area is conveniently served by public transport, with Cashew MRT station on Downtown Line in just seven minutes’ proximity and the old Bukit Timah railway station within a 13-minute walk.

By acquiring the Upper Bukit Timah site, CDL Aries has secured a prime location that aligns perfectly with the growth and rejuvenation plans being implemented in the area of The Myst Condo. This acquisition gives CDL the opportunity to develop a residential project that can offer Singaporeans and investors a highly desirable address with the prestige and convenience of the area.

Its close proximity to the CBD, main roads, and nearby transport nodes enables residents of The Myst to conveniently commute to other parts of Singapore for both leisure and business purposes.

The Myst Condo enjoys the prime advantage of being close to the vibrant city-state of Singapore, with various essential amenities within easy reach. CDL can make the most of the surrounding natural beauty and rejuvenation plans to devise a development project that will beautify the neighbourhood and make it a desirable place to live in. The premium location of The Myst at the heart of the Central Business District, combined with its easy access to the main roads and transport facilities, makes it ideally suitable for both leisure and business commuters.

CDL Aries is looking to capitalize on the development plans in the Upper Bukit Timah area with the purchase of two plots of land, with a total investment of S$126.3 million ($92.5 million). This could pave the way for the construction of a new and highly desired condominium tower in the residential locale, and could be a major venture for the developer. The potential of such a project has not gone unnoticed – both Singaporeans and investors have expressed great interest in the upcoming development.
Bus services, MRT station, shopping mall, and several food outlets are all within walking distance, making this condo a prime spot for those who are looking for a home in the area.

The Myst Condo, located in the vicinity of Bukit Panjang Integrated Transport Hub, offers an unparalleled convenience to its inhabitants. With Bus services, MRT station, shopping mall and several food outlets all within walking distance, one can benefit from the abundance of amenities that are available in the area. This ideal location makes it an ideal destination for those searching for a new home.

Living at The Myst Condo near Bukit Panjang Transport Hub offers families convenience and ease of access. The condo is situated close to Bukit Panjang MRT Station, Segar LRT Station, and Bukit Panjang Bus Interchange, providing residents with many public transport options to choose from. With the great transportation connection that The Myst Condo provides, traveling to favorite destinations is simple and hassle-free.

Bukit Panjang Integrated Transport Hub is the 9th Integrated Transport Hub to be established in Singapore. Residents of The Myst Condo are able to benefit from its convenient connection to the nearby Hillion Mall. Residents with young children also have the advantage of being able to access a variety of educational facilities within walking distance, including the popular De La Salle School. In addition, the area is home to a range of international schools for those wishing to access a higher standard of education.

The amenities offered by The Myst Condo make it an ideal place for residents to live with convenience and peace of mind. They include a 50m lap pool, a children’s pool, a hydro spa, and a gym. There are also barbeque pits, a playground, and a clubhouse to cater to the needs of residents. Moreover, the development is a mere 10-minute walk away from the nearest MRT station, as well as several malls offering excellent dining and shopping. Furthermore, residents can reach three other nearby MRT stations (Jelapang MRT, Choa Chu Kang MRT, and Yew Tee MRT) with ease. If needed, they can even take advantage of the complimentary shuttle bus service to Bukit Panjang Downtown MRT.

The Myst Condo offers a convenient location, with a variety of public transport options in the vicinity. Located within a half-an-hour walk of both Bukit Panjang MRT Station and Hillview MRT Station, it is also close to bus stops on Bef Chestnut Avenue, Bukit Panjang Road, and Upper Bukit Timah Road. Furthermore, Orchard Road and the Central Business District are reachable within 25 minutes.

The Myst Condo of Bukit Timah Road is a highly desirable place to call home. Situated in a lush tropical setting, the condominium is surrounded by lush greenery and rolling hills, offering its residents exquisite views of the natural environment. Inside, the apartments are spacious and stylish, featuring modern interiors that blend the perfect balance of comfort, style, and convenience. Moreover, the condo offers an array of amenities including a gym, swimming pool, and more.

Residents of The Myst Condo will enjoy a luxurious lifestyle surrounded by nature. With various outdoor activities to explore and convenient access to the city, this residential condominium is the perfect place to live and relax.

The Myst of the forest is renowned for the spectacular sights it offers of the surrounding natural landscape. From the lofty heights of the condominium, one can gaze out at the Bukit Timah Nature Reserve and its lush green hills. The panorama stretches far off into the distance, lending a tranquil atmosphere to the area. Inside the condominium are fully furnished apartments with a range of one to four bedrooms. The apartments also feature fully equipped kitchens and bathrooms, as well as high-speed internet access. There is a parking lot at the facility, ensuring that residents have the convenience of their own car. The Myst CDL ensures its residents the comfort of their own home, while also providing the luxuries of a resort. The condominium also provides its residents with access to nearby attractions, such as shopping centers, restaurants, and parks. With its modern amenities and its location in the forest, the Myst CDL is a perfect place to call home.

The Myst of the Forest is the ideal destination for anyone looking to get away from it all. Offering breathtaking views and luxurious amenities, it creates a tranquil and serene atmosphere that is perfect for relaxation. In addition, its convenient proximity to the Bukit Timah Nature Reserve makes it perfect for hikes, nature walks and other outdoor activities. Here, residents can enjoy the breathtaking beauty of nature without sacrificing comfort and convenience.

The Myst Condo is situated in the heart of Bukit Panjang, Singapore, and boasts close proximity to Bukit Panjang Integrated Transport Hub and Hillion Mall. This favourable location provides residents with easy access to public transportation and several shopping and dining options, making it the perfect residence choice for those seeking convenience and comfort. With the transport hub nearby, The Myst Condo residents will enjoy the convenience of having multiple transport options to choose from.

Situated close to Bukit Panjang, The Myst Condo provides easy access to Hillion Mall, a renowned shopping, dining and entertainment destination in the area. With a great selection of retail stores, eateries and recreational activities, such as a movie theatre and bowling alley, The Myst Condo offers its residents the convenience of being only a short 5-minute walk away from it all.

The Myst Condo is a great option for those looking for convenient amenities and an ideal location. It is located in close proximity to a range of schools, medical centres, banks, supermarkets and more. The condominium offers easy access to all the necessary services families may require, making it an ideal spot for people of all ages. The neighbourhood also has plenty of recreational activities, giving residents plenty of options to enjoy their time here.

The Myst CDL at Cashew MRT Station is a contemporary luxury condominium that is situated in the suburban district of Singapore. This development combines modern living with luxurious convenience, complemented with sustainable features that provide a perfect balance of eco-friendly and green lifestyle. It is an excellent choice for those wanting a peaceful and comfortable environment.

Furthermore, the development has installed solar panels, a solar thermal system, and a wind turbine, which provide green energy to the residents. The community also has native plants and shrubs, which serve to improve air quality and reduce the urban heat island effect. The landscaping of the development is designed to promote an environmentally conscious lifestyle and to reduce the collective impact of the development on the environment. As a result, the development helps to conserve the environment, while providing a beautiful and pleasant atmosphere for its residents.

The Myst Condo Upper Bukit Timah Road has implemented sustainable features in its landscaping design for the purpose of conserving the environment. Native plants and trees chosen for their drought-tolerance and low maintenance requirements have been incorporated. Organic fertilizers and composting systems are employed to reduce the need for chemical fertilizers. A water-efficient irrigation system has also been installed, helping to decrease water consumption. All these features combined create a beautiful and pleasant atmosphere for residents, while also helping to protect the environment.

The Myst Condo at Bukit Panjang is a modern luxurious condominium development that offers residents the comfort of a luxurious home combined with eco-friendly features. The property has been thoughtfully designed with a range of landscaping elements including a rooftop garden, energy-saving lighting systems, solar panels, native vegetation and trees, environmentally friendly fertilizers and composting systems, water-efficient irrigation, and recreational facilities. All of these features imbue The Myst with an eco-friendly air and make it an ideal choice for those looking for an environmentally conscious living space.

With its strategic location and access to many amenities, Bukit Panjang is also quite popular among home buyers and renters. The Bukit Panjang Integrated Transport Hub is home to the Bukit Panjang MRT station, which is connected to the Downtown Line and a bus interchange. The town’s main shopping mall is Hillion Mall, which boasts more than 130 stores, a supermarket, and a food court. Lastly, Hillview is a residential area located near Dairy Farm Nature Park, which is home to lush foliage and a collection of plants, birds, and small animals.

District 23, which comprises Choa Chu Kang, Bukit Batok, Hillview, and Bukit Panjang, is a desirable residential choice for both buyers and renters. The town of Choa Chu Kang has a rich history, with its name originating from the Teochew word ‘kangchu’, referring to the plantation owners. Over the years, it has undergone a drastic transformation, and now boasts well-connected public transportation and two shopping malls, including Lot One Shoppers’ Mall, which features a wide range of retail and dining options. Nature remains well preserved here in the form of Choa Chu Kang Park, with its traditional fruit tree plantations. Bukit Batok is home to Bukit Batok Town Park, Bukit Batok Nature Park, Bukit Batok Hill, and Little Guilin-known for its similarity to the Guilin landscape in China, offering views of towering granite rocks surrounded by a lake.

Shopping wise, West Mall is the main mall here, and is equipped with a public library, post office and cinema. Moving on to Bukit Panjang, the town is convenient due to its strategic location and access to many amenities. It’s most significant landmark is the Bukit Panjang Integrated Transport Hub, which houses the Bukit Panjang MRT station, alongside a bus interchange. Hillion Mall, the largest shopping mall in the area, has more than 130 stores, a supermarket, and a food court. Last but not least, Hillview is a residential area near Dairy Farm Nature Park, which is a haven of lush foliage, with many plants, birds, and small animals.

Spanning a total land area of 25,500 hectares, the West Region is the largest of Singapore’s five regions. Jurong East serves as the regional center, while Jurong West is the most populous town. This region is home to many of the country’s heavy industry companies, with several international players, such as BP, ExxonMobil, DuPont, Mitsui Chemicals, and Shell, having established a presence in the petrochemical sector. To further develop the West Region, the government has outlined plans to transform the Jurong Lake District and Jurong Innovation District into another Central Business District. In addition, the Tuas Mega Port, set to be completed by the 2040s, is expected to be the world’s largest single container port, with an annual capacity of 65 million TEUs.

The DTL has revolutionised the way that Singaporeans travel. It has opened up previously unconnected parts of the city, providing unprecedented access to the central core. By shortening the journeys of local residents in the Bukit Panjang to Bukit Timah area by up to 30%, and reducing the number of bus trips for those in the east, the line has made life easier for commuters. With 34 stations, the line provides seamless access to the city and a convenient alternative for commuters. It is a true game changer for Singapore’s mass transit system.

The Downtown Line (DTL) has enhanced connectivity in the Central Business District (CBD) zone, providing swift travel between Millenia Walk, Marina Bay Sands and City Hall Fringe. Recently opened, DTL3 adds 21 km to the DTL, presenting a direct link to Tampines Regional Centre and Changi Business Park, eliminating the need for transferring buses. With the inclusion of DTL3, the Downtown Line now measures 42 km, making it the longest underground MRT line in Singapore with no intermediate stops.

The Myst, the latest condominium project by CDL, offers an exclusive living experience to its residents. Boasting top-notch facilities and amenities, including a 50-meter pool, a spacious clubhouse, and tennis courts, the mid-sized development is an ideal home for families with children. The Myst is located close to well-known educational institutions such as Bukit Panjang Primary, CHIJ, National University of Singapore, and Ngee Ann Polytechnic. Furthermore, its proximity to popular malls and shopping centers such as Hillion Mall, Bukit Panjang Plaza, HillV2, The Rail Mall, and the upcoming The Reserve Residence Mall provides residents easy access to a variety of shopping and dining options, as well as enrichment centers and childcare facilities.

The Myst is a new residential project located at 798 and 800 Upper Bukit Timah Road, occupying an overall site area of 179,007 square feet. Those looking to buy a home in Singapore’s exclusive Good Class Bungalow Areas (GCBA) will find this an excellent opportunity, as the property is situated near the Cashew Estate, the last new launch to be completed in the area back in 2010. With its close proximity to amenities, The Myst’s homes offer convenience and comfort. Located in the heart of the city centre, The Myst is surrounded by a host of dining, shopping and entertainment options. Residents can take advantage of the nearby shopping malls, supermarkets, and even the popular nightlife scene.

The desirable location of The Myst gives City Developments Ltd the opportunity to offer appealing features for these properties. The Myst, situated in the heart of the city centre, is just a stone’s throw away from various amenities. This makes The Myst’s homes perfect for those seeking a lifestyle of convenience and comfort. From shopping malls and supermarkets to the vibrant nightlife scene, there are plenty of options available. Therefore, it’s no surprise that The Myst is in great demand.

The Myst CDL at Bukit Panjang offers a truly luxurious residential experience that is committed to eco-friendly and sustainable living. This development is ideally positioned in the vibrant and cosmopolitan city of Singapore, yet residents can enjoy the relaxed and tranquil atmosphere of the lush surrounding area. The combination of these two features offers occupants a unique lifestyle where they can experience the best of both worlds.

The Myst Tan Chong Industrial Park is a great option for those looking for an eco-friendly living space. Its smart design and efficient utilization of resources make it a prime destination for sustainable living. The Park features a range of green features, such as energy-efficient lighting and advanced waste management systems, that make it a top choice for residents who value their environment. Moreover, its flexible layout allows for an array of different living situations, whether a single Marina Gardens Condo resident or a large family. With its wealth of smart and green features, the Myst Tan Chong Industrial Park is an excellent choice for eco-conscious individuals.

Additionally, the Myst has solar panels that capture energy from the sun, providing the building with renewable energy. Rainwater harvesting systems are also utilized, to reduce the amount of water that is consumed. All of these energy-saving measures make the Myst an energy-efficient building.

The building is supported by a concrete and steel frame, giving it a modern, stylish look. The interior is decorated with contemporary finishes and furniture that provide an upscale living experience. The building also has amenities such as a swimming pool and a gym. Additionally, the building has security systems and landscaped grounds to provide a secure and comfortable living experience. The Myst Condo is designed to maximize natural light and ventilation, offering residents the perfect balance between comfort and luxury. Its modern, stylish facade and interior decorations make it an ideal choice for any city dweller looking for an upscale living experience. The balcony and lush garden offer breathtaking views of the city, while the building amenities such as a swimming pool and gym provide a secure and comfortable living space for residents. Furthermore, the building’s security systems and landscaped grounds ensure a safe and secure living experience. The Myst Condo is the perfect combination of luxury and convenience, offering city dwellers a modern, stylish living experience with the comforts of home.

Situated in close proximity to The Myst Condo in Bukit Panjang, Zhenghua Nature Park surrounds Central Catchment Nature Reserve, acting as an environmental barricade. Nature-lovers have the chance to observe a diversity of birds, as well as squirrels, water monitor lizards, and long-tail macaques. Whether you’re travelling on foot or by bicycle, the trails are suited to all levels, as they weave between challenging paths and gradual inclines.

For those looking for more recreational activities, there are several nearby parks, such as the nearby Bukit Timah Nature Reserve and the nearby MacRitchie Reservoir Park. The condominium is also close to the Bukit Panjang MRT Station and the Bukit Batok MRT Station, which provide easy access to the city and other areas of Singapore. Additionally, the condominium is just a 10-minute drive away from the Changi Airport, making it an ideal location for those travelling to and from the city. With so many amenities and activities so close by, the Myst Condo is the perfect place for families and individuals alike who want to live in the heart of Singapore.

Residents of The Myst Condo will find plenty of leisure and recreational activities nearby. Bukit Panjang Park, Chestnut Nature Park, and Zhenghua Park are all within close proximity, each offering great trails for walkers and cyclists, as well as playgrounds and other recreational facilities. Additionally, The Bukit Panjang Swimming Complex, featuring an Olympic-size pool, is also conveniently located.

The Myst Condo offers a great location which is close to numerous medical facilities. Residents of the property will appreciate the proximity of the conveniently located Bukit Panjang Polyclinic, providing a range of healthcare services for their convenience. Furthermore, other medical centres such as the National University Hospital, Sengkang Clinic, and the Tan Tock Seng Hospital are also within easy reach. The LRT service connects Jurong East, Bukit Panjang, and the surrounding areas. In addition, the nearby Kranji Expressway provides easy access to other major cities in the region.

The Myst Condo offers a range of transport options for its residents. Those living in the area can make use of the MRT stations, bus services and LRT services nearby. The Bukit Panjang Bus Interchange provides a selection of buses for commuters in the area. Additionally, the developer offers a free shuttle bus service to the Bukit Panjang Downtown MRT. Furthermore, the LRT service provides easy access to Jurong East, Bukit Panjang and the surrounding areas. For those looking to venture further afield, the convenient Kranji Expressway connects the area to other major cities in the region.

With its close proximity to major highways, The Myst Condo offers easy access to all the necessary amenities. For families looking for a convenient and comfortable living environment, The Myst Condo is an ideal option. Its close proximity to major highways and major public transportation, shopping, and recreational options makes it an ideal choice for those seeking an easy and convenient lifestyle in Bukit Panjang. With all the necessary amenities close at hand, The Myst Condo provides the perfect home for families in search of a convenient living experience.

The Cashew Estate is distinguished for its pleasant, rural sensation. A big attraction is the Rail Corridor, which is a hot spot for nature buffs, cyclists and joggers. Starting near the old Tanjong Pagar Railway Station and ending near the Kranji MRT Station, the Corridor is easily accessible from upcoming developments The Reserve Residences at Beauty World and The Botany at Dairy Farm, both of which feature a direct entryway to the Rail Corridor. In addition, the Bukit Timah Nature Reserve is nearby so those who reside in this area have many opportunities to become one with nature. Living in the Cashew Estate offers a distinct combination of indoor and outdoor life, surrounded by beautiful vistas and restful green spaces.

Living in Upper Bukit Timah provides easy access to some of the most renowned educational institutions in the area. Cashew MRT station, which serves the Downtown line, is a mere 5-minute walk from the side gate of The Myst. National University of Singapore is close by, and both Ngee Ann Polytechnic and Singapore Polytechnic are just a 15-minute bus ride away from the area. If you are looking to find a home near premium schools, properties in the Cashew to Bukit Timah area could be well worth considering. Here are some outstanding schools near MRT stations in the district:

Hillview MRT Station (DT3) is located near two educational institutions: German European School and St. Francis Methodist School. Both schools are within walking distance from the station, making it easy for students to travel to and from school. The station provides convenient access to a range of public transport options and amenities, offering commuters a great alternative to driving. Additionally, the station is close to a number of shopping malls, restaurants, and parks, providing an array of leisure options for those living nearby.

Beauty World MRT Station (DT5) is located nearby three renowned educational institutions – Bukit Timah Primary School, Pei Hwa Presbyterian Primary School, and DIMENSIONS International College (Bukit Timah Campus). It is a convenient commuting option for parents and students of these schools.

King Albert Park MRT (OTC) is close to several premier schools: Methodist Girls’ School (Primary), Methodist Girls’ School (Secondary), Hollandse School, Swiss School, Singapore Korean International School. All of these institutions provide excellence in education, making them sought-after choices for young learners. They offer a range of curriculums, ranging from the national syllabus, international syllabus and bilingual education, allowing pupils to achieve their full potential. With convenient access to the MRT station, these schools also offer easy commutes for students and parents alike.

The Sixth Avenue MRT Station (DT71) is the closest stop to Nanyang Girls’ High School. The girls’ school, located in the Bukit Timah area, is easy to access via the station. It is located a short walking distance away, making it a convenient choice for commuters. The station also offers several other transportation options to reach the school, such as buses and taxis. With a range of transport options available, it is no wonder why the Sixth Avenue MRT Station is the preferred choice for people looking to get to the girls’ school.

Tan Kah Kee MRT (DT8) is bordered by National Junior College, Hwa Chong Institution, Hwa Chong International School, and Raffles Girls’ Primary School. This area boasts a wealth of educational institutions, making it an ideal place for those who are looking to pursue their educational goals. The schools in this area provide excellent academic opportunities and extracurricular activities to students of all ages. Furthermore, the nearby amenities and attractions make it a great place to live and work. With its convenient location and diverse educational possibilities, Tan Kah Kee MRT (DT8) is the perfect place for people of all backgrounds to learn and grow.

Botanic Gardens MRT Station (DT9) is located in close proximity to the National University of Singapore’s Bukit Timah Campus. The station is served by the Downtown Line and provides convenient access for students and visitors to the university. Additionally, the nearby Bukit Timah Nature Reserve is a popular spot for those looking to explore the great outdoors.

Newton MRT Station (Code DT10) is located near the Anglo Chinese School (Barker Road), providing commuters with easy access to the renowned educational institution. Newton MRT serves as a vital rail network within the city, allowing convenience and efficiency to many commuters travelling to and from various destinations. With the help of this MRT station, commuters can reach the Anglo Chinese School with ease and comfort.
, and more. All of these locations provide a wide selection of products and items that are not easily found in smaller stores. With a shopping center right at your doorstep, you do not have to go far and wide to get the items you need. The Myst Condo located near to shopping centres offers a convenient way of shopping and provides residents with great shopping experience. It is easy to access a wide range of products, discounts and benefits that you cannot find in smaller stores. With easy access to the shopping centre, it makes the shopping experience even more enjoyable and fun.

The Myst Condo by CDL is an iconic example of luxury living in the heart of Bukit Timah, Singapore. Surrounded by lush greenery and nature reserves, the development is a retreat away from the hustle and bustle of the city. Conveniently situated on Upper Bukit Timah Road, the condo is easily accessible to the vibrant city centre.

The Myst Condo by CDL is an opulent residence that features a host of high-end amenities and facilities. Shopping, dining and leisure conveniences are all easily accessible for the ultimate in comfort and convenience. Residents can make use of the fully-equipped gym, swimming pool, Jacuzzi, and yoga pavilion to de-stress and invigorate. Additionally, the condominium also has a dedicated children’s play area, BBQ pits, and a landscaped garden for peace of mind.

The Myst Condo by CDL offers a unique opportunity to enjoy the great outdoors, being conveniently located close to nature reserves and nearby parks. With a short walk to the Singapore Botanic Gardens and Bukit Timah Nature Reserve, it’s the perfect place to engage in activities such as hiking, biking, bird watching and more. Its prime location allows you to experience the beauty of nature like never before.

The Myst Condo by CDL offers luxurious living at its finest in a tranquil environment. Located close to nature reserves and parks such as the Bukit Batok Nature Park, Bukit Timah Nature Reserve, Dairy Farm Nature Park, Hindhede Nature Park, MacRitchie Reservoir Park, Singapore Quarry, Singapore Botanic Gardens, Bukit Panjang Park Connector, Bukit Batok Town Park, and Bukit Timah Hill Park Connector, this residence provides the perfect balance between city life and the great outdoors.

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Mortgage , Property News , Real Estate

Singapore office rents see subdued growth in 1Q2023: JLL

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Grade A office rents in the CBD saw an increase in the 1Q2023, with the gross effective rent for office spaces hitting an average of $11.30 psf per month, according to real estate consultancy, JLL. However, this 1.0% q-o-q growth was overshadowed by the 1.2% q-o-q growth seen in the previous quarter, marking the first slow-down of growth in five consecutive quarters.

Andrew Tangye, JLL Singapore’s head of office leasing and advisory, attributed this easing rental growth to the macroeconomic uncertainties that hindered the demand for office space. He noted that large space users decided to put expansionary and relocation plans on the back burner.

“Leasing activity in 1Q2023 was driven mainly by small-to-medium-sized space occupiers with immediate requirements such as new market entrants and those looking to accommodate new workplace design or increased hirings that took place in 2022,” Tangye points out.

Examples of such occupiers include Munich Re, who took up two floors at 18 Cross Street for its new office, and fine wine merchant Corney & Barrow, which relocated to Hub Synergy Point.

Despite the current “cautious mood”, Tay Huey Ying, JLL Singapore’s head of research and consultancy, observes that the tight supply of Grade A office space saw some occupiers seizing the opportunity to upgrade to better office space at new and upcoming completions.

Two of these new office spaces are Guoco Midtown in the Bugis-Beach Road area, which received its Temporary Occupation Permit in January with 80% of space already secured, and IOI Central Boulevard Towers in the Marina Bay financial district. JLL estimates that 45% of the space at IOI Central Boulevard Towers is already pre-committed or under advanced negotiation, and the building is due to be completed in 3Q2023.

Also due to be completed in 2024 is the Labrador Tower along Pasir Panjang Road. JLL estimates that it is 25% pre-committed one year prior to its completion. Its tenants include Prudential, with 150,000 sq ft of space in the Green Mark Platinum Super Low Energy development secured with a 15-year-tenure expiring in November 2024.

Given the current macroeconomic environment, Tay believes office demand will remain more muted. While leasing activity for recent or soon-to-be-completed projects is expected to persist, she expects backfilling of spaces by relocating occupiers to take a longer time. She anticipates that this will likely keep rent growth modest, if at all, for the rest of the year.

Tangye, however, predicts that the post-2024 period will be a different story. With a sharp dip in new completions and an upswing in demand due to the improved economic prospects, Tangye believes rental growth will accelerate. He urges occupiers, especially large space users, to take advantage of “this window” to secure spaces in new, good quality office buildings.…

Mortgage , Property News , Real Estate

Discovering Bukit Panjang An Overview of Singapore’s Vibrant Town and its Integrated Transport Hub

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Bukit Panjang is a suburban town located in the western part of Singapore. It is known for its scenic views, lush greenery, and a wide range of amenities, including shopping malls, educational institutions, and recreational facilities. In recent years, Bukit Panjang has also become home to Singapore’s newest integrated transport hub. In this article, we’ll take a closer look at Bukit Panjang, its history, attractions, and the Bukit Panjang Integrated Transport Hub.


Bukit Panjang, which means “long hill” in Malay, was named after the long undulating hills in the area. The town was first developed in the 1980s and 1990s and has since grown to become a vibrant and thriving community.


Bukit Panjang is known for its scenic views and lush greenery. One of the most popular attractions in the area is the Bukit Timah Nature Reserve, which is home to a variety of flora and fauna, including monkeys, squirrels, and birds. The reserve also offers hiking trails, picnic areas, and stunning views of the city skyline.

Another popular attraction in Bukit Panjang is the Zhenghua Park, which features a large pond, jogging paths, and a playground. The park is a great place to relax and enjoy the outdoors.

Bukit Panjang is also home to several shopping malls, including Hillion Mall and Bukit Panjang Plaza, which offer a range of retail and dining options. Additionally, the town is home to several educational institutions, including Zhenghua Primary School and Bukit Panjang Government High School.

Bukit Panjang Integrated Transport Hub:

Bukit Panjang Integrated Transport Hub is Singapore’s newest integrated transport hub. It was officially opened in 2017 and serves as a transportation hub for the town and surrounding areas. The hub is located next to the Bukit Panjang MRT Station and features a range of transportation options, including buses, taxis, and private cars.

The hub also features several amenities, including retail shops, a food court, and a community club. One of the unique features of the hub is its green roof, which is covered in vegetation and helps to reduce the heat island effect in the area. The green roof also serves as a recreational space and features a community garden and a jogging track.

The Bukit Panjang Integrated Transport Hub has been designed with sustainability in mind. The hub features energy-efficient lighting and air conditioning systems, as well as rainwater harvesting systems. Additionally, the hub has been designed to be accessible for people with disabilities, with features such as barrier-free access and tactile guidance systems.


Bukit Panjang is a vibrant and thriving community in the western part of Singapore. The town is known for its scenic views, lush greenery, and a range of amenities, including shopping malls, educational institutions, and recreational facilities. With the opening of the Bukit Panjang Integrated Transport Hub, the town has become even more accessible and sustainable, offering a range of transportation options and amenities for residents and visitors alike. Bukit Panjang is a great place to live, work, and visit, and its integrated transport hub is a shining example of Singapore’s commitment to sustainable urban development.

As Singapore continues to grow and develop, it is important to ensure that urban development is sustainable and promotes the well-being of its residents. The Bukit Panjang Integrated Transport Hub is a great example of how sustainable urban planning can be integrated into transportation infrastructure.

The green roof of the hub not only provides a recreational space for residents but also helps to reduce the heat island effect in the area. The rainwater harvesting system also helps to conserve water resources, while the energy-efficient lighting and air conditioning systems help to reduce energy consumption and carbon emissions.

In addition to its sustainable features, the Bukit Panjang Integrated Transport Hub also serves as a community hub, offering amenities such as a community club and retail shops. This helps to create a sense of community and promotes social cohesion, which is essential for the well-being of residents.

Overall, Bukit Panjang is a great example of how urban development can be sustainable, livable, and accessible. The town offers a range of amenities and attractions, from its lush greenery and scenic views to its shopping malls and educational institutions. With the opening of the Bukit Panjang Integrated Transport Hub, the town has become even more accessible and sustainable, offering a range of transportation options and amenities for residents and visitors alike.

As Singapore continues to develop and grow, it is important to ensure that sustainable urban planning is integrated into all aspects of development. The Bukit Panjang Integrated Transport Hub is a great example of how this can be achieved, and it serves as a model for sustainable development in other areas of Singapore and beyond.…