Author: sidebrewing

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Five-bedder at Parc Stevens sold for $2.65 mil profit

  

A first-floor unit at Parc Stevens was the most profitable condo resale transaction recorded during the week of April 4 to 11. The 3,466 sq ft five-bedroom unit fetched $7.86 million ($2,265 psf). The seller, who purchased the unit for $5.2 million ($1,500 psf) in April 2007, made a gain of $2.65 million (51%) after holding the unit for 16 years. This marks the highest psf-price recorded at Parc Stevens, which is a five-minute walk to the Stevens MRT Station, and the second most profitable transaction ever recorded at the development.

The second most profitable condo resale transaction that week took place at Yong An Park, a freehold development in River Valley. A four-bedroom unit measuring 3,434 sq ft on the 10th floor changed hands for $8.1 million, or $2,359 psf. The seller made a gain of $2.08 million (35%) after they purchased the unit for $6.02 million ($1,753 psf) …

sidebrewing
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CapitaLand Ascendas REIT divests local industrial building at 219% premium from 2005 purchase price

  

CLAR has a market capitalisation of $4.46 billion as at 12.20pm on April 20.

CLAR’s Manager has announced the divestment of Singapore industrial building KA Place for a consideration of $35.38 million. The proposed divestment is part of an active asset management strategy to improve the quality of CLAR’s portfolio and optimise returns for unitholders.

According to an April 20 filing, the REIT’s trustee, HSBC Institutional Trust Services (Singapore), has entered into a sale and purchase agreement to sell KA Place to KA Place SPV 1. This is a 219% premium to CLAR’s original purchase price of $11.1 million back in March 2005, and a 55% premium to the property’s Dec 31, 2022 market valuation of $22.8 million.

KA Place is a seven-storey high-specification industrial building located at 159 Kampong Ampat. The edifice includes a carpark on the second storey and has a total gross floor area of 10,163 sq …

sidebrewing
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Ascott targets to double fee revenue to over $500 mil in next five years

  

The Ascott Limited, the lodging business unit of Capitaland Investment, has set a goal to double its fee revenue over the next five years. By FY2022, the company’s highest earnings on record reached $258 million. In that same year, Ascott’s fee revenue grew by 36% y-o-y due to its record signings and property openings.

The company also announced that it had hit its target of securing 160,000 units for 2023, with an additional 4,000 units signed up in the 1Q of FY2023. Ascott plans to expand its product offering, which spans serviced residences, hotels, co-living, and senior living from mid to luxury scale.

The growth over the five-year period will be driven by new openings and new signings at an expected annual growth rate of 8-10%. With its asset-light strategy, Ascott has doubled its units every five years, going from 20,000 units in 2008 to over 160,000 units today. Kevin …

sidebrewing
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EL Development draws 4,000 at three-day preview of Blossoms By The Park

  

Over the past three days, approximately 4,000 people have visited the Blossoms By The Park sales gallery since its opening on April 14. EL Development’s Managing Director Lim Yew Soon noticed that the visitors were mostly locals, confirming the project’s inpending launch on April 29.

Offering a variety of 1-4 bedroom premium units, Blossoms By The Park at Slim Barracks Rise, One-North will have prices that start from $1.291 million ($2,352 psf) for a one-bedroom-plus-study, to $3.335 million ($2,213 psf) for a four-bedroom premium. Ken Low, Managing Partner of SRI predicted that the average sale price range will be between $2,350 – $2,400 psf.

The condo offers attributes that are likely to attract many investors. It is only a 3 minute walk away from Buona Vista MRT Interchange Station, a 5 minute walk away from The Star Vista mall, 1km away from Fairfield Methodist School, and 5 minutes away from …

sidebrewing
The Myst Eco-Friendly Features Near to Bukit Panjang Bus Interchange and Bukit Panjang Downtown MRT Station
Apr
12
Mortgage Property News Real Estate

The Myst Eco-Friendly Features Near to Bukit Panjang Bus Interchange and Bukit Panjang Downtown MRT Station

  

The Myst has a wealth of landscaping features that emphasize the importance of sustainability. Residents can enjoy the sense of peace and tranquility found in a rooftop garden surrounded by lush vegetation. Furthermore, rainwater harvesting systems have also been installed to help reduce water consumption and conserve natural resources. By combining these amenities, The Myst offers a unique and eco-friendly environment for its residents.

Residents of The Myst Condo can access a broad range of transportation options. The close proximity of the MRT stations, bus services and LRT services provides them with a range of choices for their transportation needs. Furthermore, the Bukit Panjang Bus Interchange offers a wide array of buses for their convenience. Moreover, the developer provides a complimentary shuttle bus service from 7am to 7pm to the Bukit Panjang Downtown MRT station. This service is available daily to all residents.

The Myst Condo offers its residents plenty …

sidebrewing
Mortgage Property News Real Estate

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

  

Located at 5 and 7 Jasmine Road, off Upper Thomson Road, are two freehold, adjoining shophouses on the market for sale via expression of interest (EOI) with a guide price of $10.5 million, or $2,665 psf on the floor area.

The two-storey shophouses have a total site area of approximately 3,650 sq ft and an existing combined floor area of about 3,940 sq ft.

Considered an ideal investment opportunity, these shophouses are zoned for “residential with commercial at 1st storey” use with a gross plot ratio of 3.0 and building height control of up to four storeys under the 2019 Master Plan.

Situated just 50m away from the popular Thomson Plaza shopping mall, the properties are easily accessed via major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway. The Upper Thomson MRT Station (situated on Thomson-East Coast …

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Mortgage Property News Real Estate

Benefits and Advantages of Living near Bukit Panjang Integrated Transport Hub Explored

  

Living near an integrated transport hub is a great way to get around and save time. Bukit Panjang Integrated Transport Hub (BPITH) is a popular public transportation hub located in Bukit Panjang, Singapore. It is a major interchange station between the Downtown Line, Bukit Panjang LRT and the Sengkang-Punggol LRT lines. BPITH offers a convenient and cost-effective way for commuters to get around the city.

One of the main benefits of living near the BPITH is that it is more convenient for commuters. The hub offers direct access to multiple public transport lines, making it easy to get to work, school, or other destinations quickly. It also has a wide range of amenities such as retail stores, food outlets, and other recreational facilities. This means that there is always something to do or explore in the area, making it a great place to live.

Another advantage of living near the …

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Mortgage Property News Real Estate

Investment Profitability of Bukit Panjang Properties: A Critical Appraisal

  

The investment profitability of Bukit Panjang properties has long been a much-debated and analysed topic. This is due to the fact that Bukit Panjang is a renowned residential and commercial neighbourhood located in the western part of Singapore. With its close proximity to the central business district, it is a popular residential choice for many.

The investment profitability of Bukit Panjang properties depends on several factors. Firstly, the location of the property is important. Properties in this neighbourhood are situated close to major transportation links such as the Downtown Line, Bukit Panjang MRT station and the Kranji Expressway. This makes it an ideal location for businesses as well as residential purposes.

Secondly, the quality of the property itself is another important factor to consider. The quality of the property as well as the amenities within the vicinity of the property are important considerations for potential investors. Popular amenities in Bukit …

sidebrewing
Mortgage Property News Real Estate

Investor’s Guide to Promising Real Estate Projects in Singapore: A Comprehensive Analysis

  

Singapore is one of the most sought-after destinations for real estate investments. The city-state is renowned for its attractive regulatory framework, attractive tax incentives, and stable economic environment. It is also home to a number of promising real estate projects that offer investors a wide range of opportunities.

This investor’s guide to promising real estate projects in Singapore will provide an overview of the types of projects available, the factors that make them attractive, and the key considerations to keep in mind when evaluating them.

The first type of promising real estate projects in Singapore are residential projects. This includes condominiums, flats, and landed properties such as terrace houses and bungalows. Residential projects are attractive because of their long-term appreciation potential, rental yield, and the potential for capital gains. Investors should consider the location of the project, construction quality, and the size of the units when evaluating residential projects.

The …

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Mortgage Property News Real Estate

Bukit Timah Condominiums: Top Choice for Parents Seeking Homes near Schools

  

Bukit Timah condominiums are one of the top choices for parents seeking homes near schools. Located in the bustling district of Bukit Timah, the area is home to a variety of educational institutions, from renowned international schools to top-notch primary and secondary schools.

The proximity of Bukit Timah condominiums to schools makes it an ideal place for parents who want to make sure their children receive a good education. It is possible to walk or take a short bus ride to the various schools in the area. With the ease of access to educational institutions, parents can be assured that their children are able to reach their respective schools on time and safely.

Bukit Timah condominiums are also known for their luxurious amenities and facilities. Residents can enjoy access to a variety of recreational facilities such as swimming pools, tennis courts, and gymnasiums. There are also plenty of restaurants and …

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