Author: susukinono

March 15, 2020Selling at a guide price of $3.65 million, a 99-year leasehold semi-detached house on Kew Heights in District 16 is set to make its auction debut on March 15. The three-storey property occupies a 3,034 sq ft corner plot, boasting a land rate of $1,203 psf.The house, which has a total floor area of 4,436 sq ft, comes with vacant possession. It features a living hall with a double-volume ceiling, an adjoining dining area, a kitchen, a helper’s room, and six bedrooms on the upper two levels. There is also a family area and a storeroom in the house, as well as a car porch and backyard area.According to Mok Sze Sze, managing partner of auctions and sales at SRI, potential buyers may have the opportunity to convert some of the open areas into additional bedrooms, making the property ideal for extended or multi-generational families. She also notes …

over the week of Feb 25 to March 4, a penthouse at The Trizon, a 289-unit condo on Ridgewood Close, was sold for a record profit of $3.2 million. The 5,737 sq ft unit on the 23rd floor fetched $9.76 million ($1,701 psf) whereas it was bought in March 2016 for $6.55 million ($1,142 psf). This resulted in an annualised gain of 4.5% over nine years, making it the most profitable resale transaction at The Trizon to date. The previous record was set in August 2023 when another penthouse unit at The Trizon fetched $11 million ($1,553 psf). The unit had been bought for $7.1 million ($1,002 psf) in November 2019, thus earning the seller a whopping $3.9 million profit (55%), translating to an annualised profit of 12% over close to four years.The Trizon is a popular freehold development in prime District 10, and its prime location near the Mount …

MaximiseReturns with PropertyWealthPlanningBuySellRentInvestCommercialMust-reads27 Feb, 2022 3:00 AMLuxury property sales surge to 11-year high, with most transactions in the prime districts27 Feb, 2022 3:00 AMNew private home sales hit 10-year high in Feb 202227 Feb, 2022 9:00 AMNew private home sales hit 10-year high in Feb 2021 APARTMENT* A luxurious two-bedroom apartment in The Esta has claimed the top spot of private condos that achieved a new psf-price high between Feb 21-28. The freehold development reached a new price peak of $2,377 psf after a 1,001 sq ft unit sold for $2.38 million on Feb 26. The sellers had bought the unit for about $1.83 million or $1,833 psf in March 2021, making a profit of approximately $545,000.* This latest transaction beats the previous record price achieved at the development, when in January 2020 a 1,346 sq ft, three-bedroom unit on the 13th floor changed hands for around $3.2 million ($2,317 …

The annual Emerging Trends in Real Estate Global Outlook by PwC and the Urban Land Institute (ULI) for 2025 was released on March 12, revealing the top concerns among property investors in the Asia Pacific (Apac) region. The report, which compiles data from global asset managers including Blackstone, Savills Investment Management, and CBRE Investment Management, found that low yields and sluggish transaction volumes were among the biggest worries for investors. Over 70% of survey respondents cited low yields, persistently high interest rates, and geopolitical tensions as their top concerns.

Despite these challenges, the report notes that Asia Pacific remains an attractive market for diversification strategies due to its population growth, demographic metrics, and divergent monetary policies, such as Japan’s decision to raise short-term interest rates. In 2024, the region saw real estate transactions grow by 13% year-on-year, outpacing the growth in Europe, Middle East, and Africa (EMEA) at 12% and …

A 999-year leasehold conservation shophouse at 20 Liang Seah Street has been put up for sale for $15 million. This is a great opportunity for interested buyers as the property will be sold in an expression of interest (EOI) exercise by SRI Capital Market, the exclusive marketing agent.The three-storey intermediate shophouse is located on a 1,129 sq ft plot in a “residential and commercial” zone with a gross plot ratio of 4.2 under the latest Master Plan. The built-up area of the property is 2,635 sq ft, and the guide price is set at $2,635 psf. The ground floor and second floor are approved for restaurant use, while the top floor is currently being leased for residential purposes. The property is located in the Beach Road secondary settlement conservation area and new extensions can be built up to five storeys, subject to approvals.Read also: Tras Street shopouse for sale at …

Fri, Jul 31, 2020

The highly-publicized boardroom-family feud at City Developments appeared to have reached its conclusion, as executive chairman Kwek Leng Beng has decided to drop the legal actions he had taken against a group of directors, headed by his son and group CEO Sherman Kwek. The board now consists of four members, including the duo, as well as newly appointed independent directors Jennifer Duong Young and Su Yen Wong.

In a statement released by Kwek Leng Beng on behalf of the board, it was revealed that all members have agreed to put their differences aside for the sake of CDL and its stakeholders. They will now refocus on strengthening the company’s business, while upholding good corporate governance.

This includes completing ongoing landmark developments in Singapore and globally, expanding various brands under Millennium & Copthorne, continuing the capital recycling initiative, and ultimately maximizing shareholder value. The move comes after …

Steve Leung Design Group (SLD) is making its way into the European market by teaming up with renowned Italian designer Andrea Bonini. The highly sought-after interior design firm, founded by the talented Steve Leung, will establish its first branch in Europe under the brand SLD. This new venture, known as SLD. Andrea Bonini, will offer top-of-the-line interior design services and products to clients in Asia and Europe, ranging from opulent residences to lavish hospitality spaces.

The new brand will make its debut this April at Milan’s much-anticipated furniture fair, Salone del Mobile. Along with its grand debut, SLD. Andrea Bonini will present its first product line – a cutting-edge smart home lighting collection created in collaboration with smart home manufacturer Moorgen.

This partnership marks SLD’s first venture overseas. According to a press release on March 11, the move is part of the company’s new business strategy, which focuses on “rejuvenation, …

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CapitaLand Group has signed a memorandum of understanding (MOU) with Microsoft to integrate artificial intelligence (AI) and advanced technologies into their businesses.

Through the partnership, CapitaLand will be participating in Microsoft Singapore’s AI Pinnacle Program, enabling them to utilize Microsoft platforms, services, and solutions to enhance customer engagement and operational efficiency across their funds, investment, retail, lodging, and development sectors.

Areas of collaboration include infrastructure development, utilizing Microsoft’s Azure cloud computing platform to design and develop CapitaLand Investment’s data centers and products, and incorporating AI, data analytics, and machine learning to strengthen their digital and business transformation efforts.

“Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. AI will play a key role in shaping our future by improving operational efficiencies and creating value for our stakeholders,” says Quah Ley Hoon, Group Chief Corporate Officer of …

SINGAPORE (EDGEPROP) – CapitaLand Group has signed a memorandum of understanding (MoU) with Microsoft, aiming to leverage artificial intelligence (AI) and advanced technologies to enhance its businesses. This collaboration will see the conglomerate enter Microsoft Singapore’s AI Pinnacle Program, giving it access to Microsoft platforms, services, and solutions to improve customer engagement and operational efficiency across its funds, investments, retail, lodging, and development businesses. It will also enable the identification of potential collaboration areas on infrastructure development and the development of CapitaLand Investment’s data centre design and products using Microsoft’s Azure cloud computing platform. Moreover, AI, data analytics, and machine learning will be integrated to strengthen the group’s digital and business transformation efforts. “Our collaboration with Microsoft is a significant step in CapitaLand’s digital transformation journey. AI will play a critical role in shaping our future, boosting operational efficiency and creating value for our stakeholders,” comments Quah Ley Hoon, group …