Read also: Bespoke Habitat focuses on non-core areas and hopes to have 1,000 rooms by the end of the year
Space has always been a problem for landscape architects Yvonne Tan when creating her own little refuge of wildlife and vegetation. Her balcony at home is only 3 m by 0.42 m in size. However, she is able to grow longevity spinach, mulberry, calamansi, and kaffir limes in addition to chilli, ginger, and Guchai. She’s going to plant sunflowers shortly.
Tan has incorporated vegetation that draws birds and bees. It’s a creative garden that was motivated by nature, she claims.
Tan, the Director of DP Green, has been on the EdgeProp Singapore Awards judging panel for the past five years because to her expertise in the field of landscape design. A division of the locally owned architecture firm DP Architects called DP Green provides landscape and arboriculture consulting services.
Tan claims that she finds it “encouraging” to see an increase in the number of developers who are integrating climate change into their company’s environmental, social, and governance policies. She observes that “homebuyers are evolving, possibly becoming more optimistic.” “Their housing preferences are influenced by their individual beliefs. It’s not just about the location or the overall floor area right now. It’s important to take sustainability into account as well.”
Biophilic design, wellness, and health are buzzwords that have been popular since Covid however, it’s been something architects have been studying for over 10 years. It began as a the concept of therapeutic landscapes that was implemented in hospitals in Singapore Tan says Tan. For example at Khoo The Teck Puat General Hospital, located in Yishun which was completed in the year 2010 nearly every bed has views of greenery.
DP Green was involved in the master plan to transform Alexandra Hospital in to an Alexandra health campus and also in designing Sengkang General Hospital and Sengkang Community Hospital (collectively called SKH Campus), which was completed in the year 2018. The hospital was designed with green spaces, like the roof gardens for therapeutic purposes and landscaping on the ground floor.
The focus has moved away from health facilities to other areas including offices and residential. “There’s an increasing emphasis on health and wellbeing in the workplace due to the fact that people spend so much time in there,” says Tan.
One of DPGreen’s latest project within Singapore was a playground located in one of their linear parks that connect with a connector park underneath the MRT viaduct in Punggol. The playground has been opened. While she was with her colleagues on a particular day, they spotted an individual with a yoga mat in a zen posture under the concrete viaduct in an azure backdrop. colorful playground.
Wellness means different things to different people, according to Tan. “It could refer to mental health as well as physical health and the inner self,” she says. “As as long as we’re able to make different kinds of experiences as well as different types of connections to nature even in the simplest way to practice yoga.”
The city of Singapore, DP Green, along alongside DP Architects, is working on the design for the 6ha Plantation Village in Tengah, which is set to become an intelligent, futuristic and environmentally sustainable town. When it is finished, Plantation Village will have 1,420 houses, a 164,700 sq ft community centre, and 30,570 square feet of communal areas.. It is one of five districts of residential development in the brand new Tengah town that covers 700ha. When completed, the town will be home to 45,000 people.
DP Green is involved in the design of the landscape for Plantation Village. The centerpiece of the design is Plantation Farmway which is 700m long and 40m wide. It will feature community agriculture and will weave across the residential precincts connecting the community with recreational facilities in the area. The Plantation Farmway can also be used as a green connector connecting residents with other vital infrastructure and amenities within Tengah town, including the town’s central area, Central Park and Forest Stream.
“Although we aren’t able to create Tengah Forest, we are trying to incorporate the plant species that can be found in the forest and in the plantation,” says Tan. “We will also be focusing on Tengah as an plantation, which is why we’re re-creating certain memories and the heritage using the language of plantation. I am convinced that this Plantation Village is going to be among the most green residential areas within Tengah.”
In the hospitality industry the high-end hotels are taking a more “nature-centric” approach, even as they concentrate on the luxury aspects Tan says Tan. An example of this is Raffles Hotel located in Sentosa in the Philippines, in which DP Green, the architect for landscapes is who works closely with the international designer Yabu Pushelberg. The hotel’s luxury features include the 61 villas, ranging from 260 square meters one-bedroom to 450 square meters of four-bedrooms with a beautiful gardens.
“The emphasis will be on the biodiversity of our planet, making ecological connections, and on how we can connect nature to visitors,” says Tan. “It’s inward-looking. It’s also a design idea that could be applied to residential condominiums as well -by creating views and garden spaces even on a narrow site.”
The 61-villa Raffles Hotel Sentosa where DP Green is the local landscape architect who works in conjunction with Yabu Pushelberg (Credit: Raffles Hotel)
DP Green is also the architect of the landscape on the project of 143 rooms at The Standard Singapore, slated to open in the coming year. The hotel’s location is right next to the Shangri-La Hotel on Orange Grove Road. “We are developing spaces which are relevant to any development, whether it’s mixed-use, residential or office whether it’s high-density condo or a low-density, low-rise developments.”
Most tourists are seeking “real experience” when visiting the destination, says Tan. Landscape architecture projects by DP Green extend beyond the shores of Singapore. Through its projects abroad, for instance, shopping malls in India the design of landscapes is now an integral part of placemaking. It’s increasingly about the community according to her. It was in the past that it could involve the construction of the sensory garden. The concept has evolved beyond this. “These times, the focus is on the way people use spaces,” She adds.
Livspace unveils its main location in Suntec City as well as two more experience centers in Singapore
Executive Condo, News, Real EstateLivspace the home and renovation company has launched their flagship shop located in Suntec City. The company has also established two additional experience centers within Balestier in the East Coast and Balestier East Coast. Livspace already has an experience centre located in Oxley Bizhub and also it has the IKEAxLivspace Planning and Renovation Studio in Jurong Point.
Newport Residences launch price is expected to build a 51-storey mixed development building with expansive commercial space, breathtaking residential, and glorious serviced apartments.
The 2,195 square feet flagship store located in Suntec City West Wing Tower Five. It displays past projects executed by Livspace and also diverse profiles of designers along with interior aesthetics and the company’s catalog. Interactive screens also serve as a writing table for designers and customers to help facilitate discussions.
The space is also fitted with a fully-equipped smart home system that gives clients a hands-on experience. It also showcases the variety of wardrobe and kitchen catalogue.
Discussion enclaves are scattered around the area and Livspace’s design team is always on the premises to provide advice with the company’s proprietary design software Canvas for 3D and 2D renders as well as mock-ups.
“Livspace’s objective was always to serve as a link with homeowners as well as the industry of interior design and renovations. With the introduction of our Experience Centres in Suntec, Balestier and East Coast We are hoping to build the bridge and establish an established presence and relationship among our interior designers as well as all who comes through the doors of our establishment,” says Samiksha Dhawan the Chief Business Officer of Livspace Singapore.
The company is planning to open studios in the each IKEA retail store, including Tampines, Alexandra, and Jurong.
Copen Grand is completely sold out, and second-time purchasers are snatching up the remaining units
Executive Condo, News, Real EstateCopen Grand executive condominium (EC) located in Tengah Town opened for e-application for buyers who have not purchased before from November 17 through 23. Sales began to book in the early morning of November 26, and reserved units snapped up by 1 pm. Prices for the units sold vary between $1.09 million for an apartment with two bedrooms plus study up or $2.17 million on a 5 bedroom luxury unit.
Newport Residences showflat address in a highly sought-after Tanjong Pagar area. City Developments Ltd is expected to build a 51-storey mixed development building with expansive commercial space.
“Copen Grand is now completely sold, less than a month since its opening,” says a spokesperson on behalf of joint venture partners City Developments Ltd (CDL) and MCL Land.
“That is what makes Copen Grand the top-selling EC by 2022.” declares Mark Yip the CEO of Huttons Asia. “This was the very first EC project that has sold out in the second round of election.”
In accordance with the current EC regulations under the current EC regulations, the EC regulations stipulate that only thirty% of the units of the EC project are available to buyers who have not purchased before. The case for Copen Grand, this quota was met when the project was officially launched on October 22, when 73% all units purchased for an average of $1,300 per square foot. The units purchased through the scheme of deferred payments (DPS) are priced 3% more. At the time of writing, on November 20th, 493 units (77%) were taken by the average of $1,337 per square foot in accordance with caveats that were lodged.
Being the very first EC located in Tengah Town, Copen Grand is the first to move advantage, and unbeatable accessibility 3 MRT stations, and is close to the planned Tengah Integrated Transport Hub and Tengah Boulevard Bus Interchange. This is the first BCA Green Mark Platinum Super Low-Energy high-end EC.
“Copen Grand was designed to be sustainable from the beginning With buyers being confident that their homes will be built for the future,” says Huttons Asia’s Yip. “Major employment centers in Jurong East Regional Centre as well as Jurong Innovation District are taking form.” Copen Grand will be well-served via The Jurong Region Line, which will transport residents to the regional centre and the innovation district.
“The high sales of the EC project is largely due to the accessibility for DPS. DPS,” says Nicholas Mak the director of research and consultancy, ERA Realty Network. “In spite of increasing rates of interest, approximately 70% of purchasers from EC units are opting for the DPS which means that buyers are not required to pay off their home loan as soon as they have purchased the EC units. In taking advantage of the DPS the homebuyers transfer the risk of interest rates on to developer. developer.”
Although buyers must pay more to purchase their EC units as part of the DPS – – in the case of Copen Grand 3% more – seven of 10 people still prefer the DPS and indicate that they are expecting more rises in mortgage rates over the next few years , before getting their keys to the EC units, according to Mak.
The high-volume demand of Copen Grand should bode well for the next EC to be released which is the 618-unit Tenet is the opinion of Bruce Lye, managing partner and co-founder of SRI.
located at Tampines Street 62, Tenet is developed through Qingjian Realty, Santarli Realty and Heeton Holdings. Its EC development in the East was open for online applications on the 12th of November and sales will be booked on the 3rd of December.
The location of Tenet’s project is in an established estate and close to the upcoming Tampines North integrated transportation hub along the Cross Island Line, Huttons Asia’s Yip believes there is a huge demand for this project, and is expecting it to be successful.
District 10’s prestigious Nassim Road is home to a freehold luxury development with a new price record of $3,272 per square foot
Executive Condo, News, Property Management, Real EstateNassim 9, an exclusive freehold development located on Nassim Road in District 10, surpassed a new price record of $3,272 psf and topped the list of condos that set new price-points for psf in the week from Oct 27 through November 5.
The latest high of Nassim 9 follows the sale of a four-bedroom home that was sold for $11.2 million on the 27th of October. The 3,423 square feet apartment was purchased from the vendor for $6.8 million ($1,987 per sq ft) in October of 2009, which means that the seller made a profit of $4.4 million on the deal. It was the highest value that has been traded at the building on both the absolute and psf bases.
Newport Residences in Anson Road offers a rare chance for investors and homeowners to purchase a million-dollar property in the highly sought-after Tanjong Pagar neighborhood. A 51-story mixed development complex with vast commercial space, beautiful residences, and magnificent serviced apartments is anticipated to be constructed by City Developments Ltd.
Prior to that the most recent deal at Nassim 9 was completed in April of 2012, when the 3,143 square feet unit was purchased at $8.8 million ($2,800 per square foot) This also was the last absolute and psf-based highs in the condo.
Nassim 9 is an exclusive development which is completed in the year 2002. There are just eight units in a 4-storey building. It is located within the exclusive Nassim Road residential enclave, it is a quick stroll to the Tanglin Mall and the Orchard Road shopping mall as well as The Singapore Botanic Gardens. It is also walking distance to The Orchard Boulevard MRT Station on the Thomson-East Coast Line, which was inaugurated on the 13th of November.
Royalgreen has also reached a new high for psf prices due to selling a 721 square feet, two-bedroom property for $2.17 million which is equivalent to $3,003 per square foot on October 27. This is higher than the previous record of $2,974 psf set in April when a 775 square foot unit was bought to the developer for $2.31 million. It is also the first time that an activity within the development has reached the $3,000 threshold for psf.
Royalgreen is an open-air development that is located in Anamalai Avenue, off Bukit Timah Road as well as Sixth Avenue in prime District 10. It was developed through Allgreen Properties, it is part of the developer’s Bukit Timah Collection, which also comprises four76 units in the Fourth Avenue Residences located on Fourth Avenue and the 115-unit Juniper Hill located on Ewe Boon Road. Royalgreen was completed in the year 2000 and comprises 285 units in eight 5-storey blocks. The units are comprised of two- to four-bedroom units that range between 635 sq ft and 1,475 sq feet.
The project is just a 7-minute walk from the Sixth Avenue MRT Station on the Downtown Line. It’s also less than 10 minutes away from the elite schools like Hwa Chong Institution, Raffles Girls’ Primary School, Nanyang Primary School, National Junior College and Methodist Girls’ School.
Landmark is another development that has a high-priced history. Landmark is another project that set a record psf highest when a one-bedder that was 495 square feet sold for $1.32 million in psf or $2,668 on November 4. The unit, situated at the 26th floor was bought directly from the developer. This transaction is higher than the previous record high of $2,660 psf recorded on the 15th of September with the purchase of a 4,95 sq ft space for $1.32 million.
The Landmark is an 99-year leasehold development located situated on Chin Swee Road, adjacent to Pearl Hill City Park in District 3’s Outram region. The Landmark is the work of an alliance of MCC Singapore, SSLE Development and ZACD Group. The project is scheduled to be completed in 2025 the project comprises 396 homes that comprise three to one-bedroom units in sizes that range between 495 and 1,141 square feet.
The project was announced for sales in November 2020 which resulted in 110 units (28%) sold at an average cost of $2250 psf on the launch weekend. Since the time the project has been sold out to the 204 units (52%) have been sold for sale at an average cost of $2,227 psf according to caveats that were lodged by the 15th of November. There were no new lows in psf prices observed during the week.
CapitaLand Development has inaugurated a brand-new executive learning center
Executive Condo, News, Property Management, Real EstateCapitaLand Development has opened a new executive education center in Rochester Commons, a mixed-use development located in Buona Vista. The building is constructed and is managed through CapitaLand Development.
Newport Residences CDL is expected to build a 51-storey mixed development building with expansive commercial space, breathtaking residential, and glorious serviced apartments.
Rochester Commons also houses business hotel Citadines Connect Rochester Singapore, operated by The Ascott Ltd. The hotel’s 135 rooms are various studio units, as well as luxury and premium units.
“Catapult is located strategically in Singapore’s One-North precinct, which is home to a thriving group of internationally renowned business schools and institutes of higher education. Based on the principle of openness and innovation, Catapult is specially created to meet the needs of corporate universities as well as learning and development departments of companies and executive business schools.” states Tan Yew Chin, CEO of CapitaLand Development.
Tan says Tan adds that Catapult was designed to meet the needs of regional, local C-suites, as well as international executives. Catapult has also accepted IMD Southeast Asia Executive Learning Centre and Human Capital Leadership Institutes as partners.
The 54,000 square feet space covers a portion of the second floor, and all of the third level of Rochester Commons. The features include the first Singapore commercial 360-degree and 180-degree 360-degree studios that feature the most recent Igloo technology for immersive experience. Each of these studios is equipped by hybrid video camera cameras.
Catapult has an auditorium that seats 200 people with 26 learning studios and an executive boardroom and a media studio. The rooms are equipped with soundproofing of the highest quality as well as cameras and acoustics for streaming.
One Bernam’s 441 square foot one-bedroom apartment sold for $1.35 million
Executive Condo, News, Property Management, Real EstateA new high psf is established in One Bernam in Tanjong Pagar. This was the result of the sale of an area of 441 square feet, one-bedroom unit located on the 26th floor that was purchased at $1.35 million ($3,054 per sq ft) on October 3.
Newport Residences launch date will have a gross floor area (GFA) of 655,000 square feet, equivalent to 60,851 square meters (sqm).
The previous record for psf prices was established due to the auction of the 452 square feet one-bedroom neighboring unit which was purchased to the buyer for $1.37 million ($3,039 per square foot) on the 25th of July. It was also the first time that a brand-new unit in One Bernam was sold at more than $3000 per square foot.
According to URA restrictions, two other units in the project sold for more than $3000 per square foot. On the 18th of September the 18th, a 463 square foot one-bedroom apartment located on the 25th floor was purchased to a buyer for $1.4 million ($3,025 per square foot) and a comparable 463 sq ft apartment on the 24th floor was sold at $1.39 million ($3,001 per square foot) on the 23rd of September.
In District 2, situated in District 2. Bernam is located in District 2. It is a 99-year leasehold project jointly created through Chinese developers MCC Land and HY Realty. The whole project is a mixed-use 35-storey development with 351 residential units and a two-storey retail platform as well as 13 serviced apartments. This is the first Core Central Region (CCR) project in Singapore for both developers.
One- and two-bedroom apartments comprise one- and two-bedroom units comprise 91% of the overall mixture of units and vary between 441 sq ft and 872 sq feet. The remainder of the units are three-bedroom units with 1,421 square feet as well as penthouses that have three bedrooms comprising 1,744 sq feet and 1,948 sq feet, and a penthouse with five bedrooms that covers 4,306 square feet.
The development had fairly good sales in its first launch in the month of May 2021. At the conclusion of the initial weekend sales, May 9th the developers had managed to sell approximately the 80 percent mark (23%) of the 351 units within the project.
But, developer sales data shows that the subsequent sales over eleven months were rather sluggish with a total take-up percentage of just 26% in April% for April.
In the last five months, the pace of sales has increased significantly, and the product is now nearly 40% sold. The average take-up rate at the end of September was around 38%.
In the opposite direction the new psf record was set for Sky Habitat Sky Habitat, which is a condominium with 509 units in Bishan District 20. This record was an outcome of a on the 3rd of October, that saw a 3,477 square foot unit located on 37th floor sold to the buyer for $3.88 million ($1,116 per square foot). The seller however suffered an expense of $370,000 on the transaction. property.
It is this is the first time for more than the past four months that a new price record was set in Sky Habitat. The previous record was for a 3,671 square foot unit located on the 37th floor. It cost $4.29 million ($1,168 per sq ft) at the time it was auctioned off in October 2018.
Based on the resale caveats that only three of the units located at Sky Habitat have changed hands at less than $1,200 per square foot. The sole additional transaction was a 326 sq ft unit at the top of 37th which was purchased at $3.95 million ($1,188 per square foot) on June 6, 2019.
Sky Habitat is a 99-year leasehold condominium that has the step-pyramid design of the internationally acclaimed architect Moshe Safdie.
In 2015, the project is situated in an established HDB town. It is located near Junction 8 shopping mall which is linked to Bishan MRT Interchange, which connects the North-South and Circle Lines. It is also near Bishan Stadium Bishan Pool Complex, as well as Bishan Sports Hall. Schools nearby comprise Kuo Chuan Presbyterian Primary School, Kuo Chuan Presbyterian Secondary School, Whitley Secondary School and Catholic High School.
There are a few similar condos located in the area adjacent to Sky Habitat. The sole comparable leasehold residential housing development that is private is the neighboring Sky Vue which is an apartment development of 694 units which was completed in 2016.
The 143-room The Standard, Singapore at Orange Grove Road’s landscape architect
Executive Condo, News, Property Management, Real EstateRead also: Bespoke Habitat focuses on non-core areas and hopes to have 1,000 rooms by the end of the year
Space has always been a problem for landscape architects Yvonne Tan when creating her own little refuge of wildlife and vegetation. Her balcony at home is only 3 m by 0.42 m in size. However, she is able to grow longevity spinach, mulberry, calamansi, and kaffir limes in addition to chilli, ginger, and Guchai. She’s going to plant sunflowers shortly.
Tan has incorporated vegetation that draws birds and bees. It’s a creative garden that was motivated by nature, she claims.
Tan, the Director of DP Green, has been on the EdgeProp Singapore Awards judging panel for the past five years because to her expertise in the field of landscape design. A division of the locally owned architecture firm DP Architects called DP Green provides landscape and arboriculture consulting services.
Tan claims that she finds it “encouraging” to see an increase in the number of developers who are integrating climate change into their company’s environmental, social, and governance policies. She observes that “homebuyers are evolving, possibly becoming more optimistic.” “Their housing preferences are influenced by their individual beliefs. It’s not just about the location or the overall floor area right now. It’s important to take sustainability into account as well.”
Biophilic design, wellness, and health are buzzwords that have been popular since Covid however, it’s been something architects have been studying for over 10 years. It began as a the concept of therapeutic landscapes that was implemented in hospitals in Singapore Tan says Tan. For example at Khoo The Teck Puat General Hospital, located in Yishun which was completed in the year 2010 nearly every bed has views of greenery.
DP Green was involved in the master plan to transform Alexandra Hospital in to an Alexandra health campus and also in designing Sengkang General Hospital and Sengkang Community Hospital (collectively called SKH Campus), which was completed in the year 2018. The hospital was designed with green spaces, like the roof gardens for therapeutic purposes and landscaping on the ground floor.
The focus has moved away from health facilities to other areas including offices and residential. “There’s an increasing emphasis on health and wellbeing in the workplace due to the fact that people spend so much time in there,” says Tan.
One of DPGreen’s latest project within Singapore was a playground located in one of their linear parks that connect with a connector park underneath the MRT viaduct in Punggol. The playground has been opened. While she was with her colleagues on a particular day, they spotted an individual with a yoga mat in a zen posture under the concrete viaduct in an azure backdrop. colorful playground.
Wellness means different things to different people, according to Tan. “It could refer to mental health as well as physical health and the inner self,” she says. “As as long as we’re able to make different kinds of experiences as well as different types of connections to nature even in the simplest way to practice yoga.”
The city of Singapore, DP Green, along alongside DP Architects, is working on the design for the 6ha Plantation Village in Tengah, which is set to become an intelligent, futuristic and environmentally sustainable town. When it is finished, Plantation Village will have 1,420 houses, a 164,700 sq ft community centre, and 30,570 square feet of communal areas.. It is one of five districts of residential development in the brand new Tengah town that covers 700ha. When completed, the town will be home to 45,000 people.
DP Green is involved in the design of the landscape for Plantation Village. The centerpiece of the design is Plantation Farmway which is 700m long and 40m wide. It will feature community agriculture and will weave across the residential precincts connecting the community with recreational facilities in the area. The Plantation Farmway can also be used as a green connector connecting residents with other vital infrastructure and amenities within Tengah town, including the town’s central area, Central Park and Forest Stream.
“Although we aren’t able to create Tengah Forest, we are trying to incorporate the plant species that can be found in the forest and in the plantation,” says Tan. “We will also be focusing on Tengah as an plantation, which is why we’re re-creating certain memories and the heritage using the language of plantation. I am convinced that this Plantation Village is going to be among the most green residential areas within Tengah.”
In the hospitality industry the high-end hotels are taking a more “nature-centric” approach, even as they concentrate on the luxury aspects Tan says Tan. An example of this is Raffles Hotel located in Sentosa in the Philippines, in which DP Green, the architect for landscapes is who works closely with the international designer Yabu Pushelberg. The hotel’s luxury features include the 61 villas, ranging from 260 square meters one-bedroom to 450 square meters of four-bedrooms with a beautiful gardens.
“The emphasis will be on the biodiversity of our planet, making ecological connections, and on how we can connect nature to visitors,” says Tan. “It’s inward-looking. It’s also a design idea that could be applied to residential condominiums as well -by creating views and garden spaces even on a narrow site.”
The 61-villa Raffles Hotel Sentosa where DP Green is the local landscape architect who works in conjunction with Yabu Pushelberg (Credit: Raffles Hotel)
DP Green is also the architect of the landscape on the project of 143 rooms at The Standard Singapore, slated to open in the coming year. The hotel’s location is right next to the Shangri-La Hotel on Orange Grove Road. “We are developing spaces which are relevant to any development, whether it’s mixed-use, residential or office whether it’s high-density condo or a low-density, low-rise developments.”
Most tourists are seeking “real experience” when visiting the destination, says Tan. Landscape architecture projects by DP Green extend beyond the shores of Singapore. Through its projects abroad, for instance, shopping malls in India the design of landscapes is now an integral part of placemaking. It’s increasingly about the community according to her. It was in the past that it could involve the construction of the sensory garden. The concept has evolved beyond this. “These times, the focus is on the way people use spaces,” She adds.
The newly sold property on Pasir Panjang Road 303,305
Executive Condo, News, Property Management, Real EstateRead related post: Evergrande’s office in Hong Kong is up for sale
A freehold residential Redevelopment site on 303 and Pasir Panjang Road was transferred by Silver Edge Investment Holdings for $18.475 million, as per the press release issued on October 20 by Knight Frank, which brokered the deal.
Silver Edge Investment Holdings won the auction at $475,000 over the estimate of $18 million. This translates to a land price of $1,128 per square foot.
“This property received keen interest from potential buyers who were who were looking for a nice-sized property for redevelopment with great geographical features,” says Chia Mein Mein, who is the director for capital markets (land as well as collective sales) for Knight Frank. The possibility of development into apartments or landed homes was the main reason for interest according to Chia Mein Mein.
Chia expects demand to arise from the growing local wealth population as well as the addition of high-net-worth individuals.
Silver Edge Investment, a luxury home developer was founded in 2017 and has $50 million of projects under development.
Silver Edge Investment plans to transform the site to create a few homes that are specialized according to the managing partner of the company, Christopher Tong. The future properties on the site will be appealing to buyers who want to “live in an exciting location within the well-established residential enclave in Pasir Panjang”.
Other residential developments in the pipeline of Silver Edge Investment are two detached bungalows located on 52 Wilkinson Road and one detached bungalow located at 37 Poole Road, both due for completion by the end of 2022.
It is located on Pasir Panjang Road site has an total of 16,379 sq ft and is zoned for residential development with the gross plot ratio being 1.4. The current development comprises one-storey main house and a number of outhouses.
It is situated near several private homes, and is located within walking distance to Haw Par Villa MRT Station on the Circle Line. It is also near the National University of Singapore, National University Hospital, Science Park II and Mapletree Business Park are a just a short drive away.
“The property is strategically set in lush greenery and has an easy access to West Coast Park, Southern Ridges and other green spaces along the Greater Southern Waterfront,” says Mary Sai, executive director of the capital markets department for Knight Frank Singapore.
The tender process was announced on September 15 and ended on the 13th of October.
Senoko Loop industrial property up for sale by private treaty
Executive Condo, News, Property Management, Real EstateRead also: LHN Group pays $6.4 million for a property on Arab Street
An industrial site located on the 15th floor of Senoko Loop, just off Admiralty Road West in the northern region of Singapore It is for sale via private treaty and has an approximate price of $100 million.
The facility is located on the site that covers 263,339 square feet and has a total lease of 30 years that will take beginning on June 1st until 2020. The site is classified to Business 2 (Industrial) use according to the URA 2019 Master Plan. The plot ratio of 2.5 This means that the site’s building can be built up to a total area that is up to 658,348 sq feet.
The present facility located on the site has four floors and covers a gross floor area of 446,103 square feet. It is comprised of 104,594 square feet of warehouses that are climate controlled and 203,881 square feet of production space and 137.628 sq ft of additional space. It is served by three sets of five-tonne cargo lifts, two passenger lifts and one wheelchair-accessible lift.
According to marketing agency CBRE CBRE, the site could be converted to a food zone. “15 Senoko Loop sits within an established food manufacturing ecosystem with existing end-users of central kitchens as well as food distribution centers,” notes Graeme Bolin director of leasing and occupation industrial and logistics services, Singapore, at CBRE.
The seller could manage their business in the climate-controlled building with minor improvements to the assets. They could also consider developing the site into a modernized, expanded food production and warehouse facilities.
Singapore’s retail real estate industry reported positive rental growth in third quarter of 2022
Executive Condo, News, Property Management, Real EstateRead more: Valuing art and real estate for sustainability has become more mainstream
Retail real estate in Singapore continues to show positive growth in rental throughout all 3 submarkets during 3Q2022, as per Edmund Tie’s Real Estate Times report on the quarter, which was released on October 17.
“Average per month retail rentals for Orchard/Scotts road beat other submarkets by a large margin, rising by 3% over a quarter-to-quarter in the 3Q2022,” the report says.
“The retail industry continues to flourish because of the increased footfall of tourists, as Singapore is back to full force with events that are internationally recognized like Singapore Grand Prix, which was held recently. Singapore Grand Prix which saw record attendance,” claims Lam Chern Woon, senior director of research and consultancy for Edmund Tie.
International tourism numbers are rising for the 8th consecutive month of September contributes into a better rental results in the Orchard/Scotts Road submarket.
Lam believes retail rents will remain favorable in a broad-based recovery despite the rejuvenation of old retail properties and the introduction of more interactive retail such as plans for a new sports facility located in Orchard Road and rejuvenation of *Scape and CQ @ Clarke Quay.
The total sales of investment dropped 37% between the two quarters in 3Q2022 and $5.51 billion. Residential sales dominated the quarter with $3.43 billion and was followed by the office sector. Lam believes that the volume of investment transactions to decrease as investors adopt an increasingly cautious approach because of the economic uncertainty.
All-around CBD office occupancy increased to 1.3 basis points in QoQ, up to 95.1% in 3Q2022. A significant increase in demand for leasing is anticipated as more offices have flexible space, eco-friendly designs, and advanced technology. Lam expects Premium and Grade-A office rents to grow up to six% or 9% for 2022, respectively.
In the industrial sector In 3Q2022, rent growth was driven by logistics and warehouse space which grew at 2.6% QoQ, while it was 1.7% to 2.2% QoQ for multi-user factories. Lam anticipates that industrial rents will be moderate, with warehouse rental increase projected to be 7.7% between 8 and 7% in the coming year due to prolonged supply-chain interruptions.
In 9M2022, a greater number of transactions were recorded
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The number of auction sales in Singapore was $70.2 million in the initial 9 months in 2022 (9M2022) and a slight drop to 0.08% y-o-y, according to an SRI auction report that was released on October 10.
An increase in transactions were tracked in 9M2022, which was 31 as compared with the previous year’s 26 transactions as per the report.
The residential segment was the majority of auction volume 9M2022 with 64.5%, while commercial and retail segments comprised 16.41% and 14.89% respectively.
The largest amount paid for a single deal was for a townhouse intermediate located at 8. Nassim Hill which was transacted for $9.79 million According the report of Mok Sze Sze who is the managing partner of SRI Auction.
In the third quarter of 2022, nine properties were put up for auction, bringing the total amount of transactions for the quarter to $18.9 million. While Knight Frank sold two properties for $2.83 million, SRI sold three properties for a total of $7.63 million. One asset was sold at auction for $5.01 million by ERA.
Eight of the nine properties that were sold at auction during the third quarter of 2022, according to Mok.
On September 30, an announcement regarding the most current cooling measures that raised the interest rate ceiling to the Total Debt Servicing Ratio TDSR and Mortgage Servicing Ratio was made at the same time as the most recent SRI auction (MSR).
Despite the abrupt adoption of policies, SRI witnessed strong bidding participation of more than 50 bids cumulatively on the two properties located at 685 Hougang Street 61 and 50 Pasir Ris Avenue, according to Mok. 685 Hougang Street 61 was bought to a buyer for $3.43 million, and 50 Pasir Ris Avenue was purchased to a buyer for $3.6 million.
The 2Q2022 as well as 2Q2021 witnessed the largest quantity of properties sold, with thirteen each. They also had also the highest total volume of sales in their respective time frames, with $36.94 millions and $30.19 million, respectively.