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 …

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% …

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 …

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 …

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, …

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 …

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 …

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, …

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.

History:

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.

Attractions:

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 …