Author: susukinono

What you need to know about The Reef at King’s Dock’s four bedroom units —The Government Land Sale (GLS) site at Tengah Gardens Avenue has closed on Jan 14 with three bids. The top bid of $675 million, or $821 psf per plot ratio (ppr), was submitted by a Hong Leong-led consortium, which includes GuocoLand Singapore and CSC Land Group. The 99-year leasehold site measures approximately 273,906 sq ft and has a maximum gross floor area (GFA) of 821,720 sq ft. With the potential to yield up to 860 residential units, the site is zoned ‘Residential with Commercial at 1st storey’.

If awarded, the Hong Leong-led consortium plans to build an 860-unit condo, taking advantage of the improved connectivity brought about by the upcoming Jurong Region Line (JRL) nearby. According to Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited, the JRL will contribute to the development of …

A 15 loft-room hotel in the popular District 14 of Singapore is now available for sale at a competitive price of $14 million. The freehold property, located at 739-1 Geylang Road, boasts a perfect combination of a 2-storey structure and a newly constructed 4-storey rear extension, occupying a 1,273 sq ft site with an approved gross floor area (GFA) of up to 3,186 sq ft.

One of the most appealing aspects of this hotel is its permanent ‘Hotel’ zoning and usage approval, making it a rare and highly sought-after conversion for new conservation shophouses in Singapore. With this approval, the property offers not only long-term investment potential but also flexibility in terms of operations. Additionally, its prime location, just a 5-minute walk from the Paya Lebar MRT station, provides excellent connectivity. Paya Lebar MRT is a dual-line station, serving both the East-West line and Circle line, making it convenient for …

Dear readers, please note that we will not be publishing our daily property news roundup on Thursday, Feb 11, as it will be a public holiday in Singapore.

Real estate consulting firm JLL has chosen James Cameron as their new head of energy and infrastructure for the Asia Pacific region, within their capital markets business line. The newly created position will be based in Singapore according to the press release on Jan 14.

Cameron’s main role will be to establish and lead a team in Asia Pacific, working alongside JLL’s EMEA Energy & Infrastructure business to provide global capital advisory services for local and international developers and investors. This appointment aligns with JLL’s long-term strategy to support the development of infrastructure and renewable energy projects, as part of the push towards decarbonisation, digitalisation, economic growth, and urbanisation.

Stuart Crow, CEO of capital markets for JLL Asia Pacific, believes that there …

An expression of interest (EOI) has been launched for the sale of two adjacent Good Class Bungalows (GCBs) located at 52 and 54 Belmont Road in the prestigious Belmont Park GCB area. The freehold properties, believed to be owned by relatives, cover a combined land area of 41,741 sq ft and have an indicative price of $88.8 million, working out to $2,128 psf on the land area. According to marketing agent Sakal Real Estate Partners, the combined plots boast a 44m frontage along Belmont Road with an average depth of 66m.

“We believe this site would appeal to families looking to build a new home for multi-generational living or extended families living together,” says Sakal’s senior director, Lennon Koh. “Besides homeowners, this property is also suitable for developers seeking to tap into the exclusive GCB market.”

A map showing 52 Belmont Road, shaded in grey, highlights the location of the …

JLL, a leading real estate consulting firm, has announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific within its capital markets division. In a press release on January 14, the firm stated that this newly created role will be based in Singapore.

Cameron’s main responsibility will be to build a strong team in the Asia Pacific region. This appointment will complement JLL’s EMEA Energy & Infrastructure business and create a global capital advisory capability, allowing the firm to better serve local and international developers and investors.

According to JLL, Cameron’s appointment aligns with the long-term capital requirements needed to support the infrastructure and renewables build-out, which is essential to meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Stuart Crow, JLL Asia Pacific’s CEO of capital markets, stated, “We see a tremendous opportunity to leverage our unique expertise in mobilising …

One Bernam, the mixed-use development located in Tanjong Pagar, offered 87 units at promotional prices over the weekend of Jan 11 and 12. The project, which has 351 residential units and is jointly developed by MCC Land and Hao Yuan Investment, was first launched in May 2021. As of Jan 10, over 75% of the units have been sold at an average price of $2,585 psf.

The promotional prices applied to all the remaining 87 units, including one-bedroom to three-bedroom units and penthouses. Interested buyers can search for the latest New Launches to get more information on transaction prices and available units.

One-bedroom units, ranging from 441 sq ft to 463 sq ft, saw discounts of $323,000 to $438,000 with prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Two-bedroom units, ranging from 700 sq ft to 732 sq ft, saw discounts of $437,000 to $668,000 and …

One Bernam, the mixed-use development in Tanjong Pagar, launched 87 units for sale over the weekend of Jan 11 to 12. The project, which has a total of 351 residential units, is a collaboration between developers MCC Land and Hao Yuan Investment.

According to data from caveats lodged as at Jan 10, over 75% of the units have already been sold at an average price of $2,585 per square foot (psf). The developers are offering promotional prices for the remaining units, consisting of one to three-bedroom apartments and penthouses.

Buyers can find out more about One Bernam by searching for the latest new launches. This will provide information on transaction prices and available units for those interested in the project.

Discounts are available for one-bedroom units ranging from 441 to 463 square feet, with price cuts of $323,000 to $438,000. These units have been sold at prices ranging from $1.295 …

Over the weekend of Jan 11 to 12, One Bernam, a mixed-use development in Tanjong Pagar, offered 87 units for sale at promotional prices. Developed by MCC Land and Hao Yuan Investment, the 99-year leasehold apartment tower was initially launched in May 2021. As of Jan 10, over 75% of the units had already been sold at an average price of $2,585 psf, according to caveats lodged.

During the weekend promotion, all remaining 87 units, ranging from one-bedroom to three-bedroom units and penthouses, were offered at discounted prices. Interested buyers can browse New Launches to view the latest transaction prices and available units.

One-bedroom units, ranging from 441 sq ft to 463 sq ft, were sold at prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf), with discounts of $323,000 to $438,000. Two-bedroom apartments, sized from 700 sq ft to 732 sq ft, had discounts of $437,000 …

In a recent Annual General Meeting held on Jan 9, members of the Real Estate Developers’ Association of Singapore (Redas) unanimously elected Tan Swee Yiow, Chairman of Keppel Reit Management, as their President for a second consecutive term. Tan expressed his gratitude at being re-elected and stated that the new management committee is comprised of members with a diverse range of representation in terms of sectors, scales and expertise within the real estate industry.Tan Swee Yiow is a widely respected figure in the real estate industry and his unanimous re-election is testament to his esteemed leadership and the trust placed in him by members of the Redas community. The management committee for the 2025/2026 term also includes Immediate Past President Chia Ngiang Hong, who is the Group General Manager of City Developments; First Vice President Kwee Ker Wei, Director of Pontiac Land Group; Second Vice President Marc Boey, Executive Director …

The sale of a unit at The Arcadia has made headlines after it was sold for a record-breaking profit of $3.25 million. Situated in the prime District 11, the 3,767 sq ft four-bedroom unit on the seventh floor was sold for $4.75 million, translating to $1,261 psf on December 10 last year. According to caveats, the unit was originally bought for $1.5 million, or $398 psf, in 1998, making the resale a whopping 217% gain. This also means that the owner enjoyed an annualised profit of 4.5% over a period of 26 years.

The Arcadia has seen a total of five units transacted last year, ranging from 3,714 sq ft to 3,821 sq ft, with profits ranging from $60,000 to $3.25 million. In October 2024, a 3,778 sq ft unit on the fourth floor was sold for $4.6 million, or $1,218 psf, providing the seller with a modest profit of …