Author: susukinono

A luxurious Good Class Bungalow (GCB) located in the prestigious Victoria Park enclave has recently been put up for sale at a whopping $61 million. This magnificent seven-bedroom bungalow, which was completed just three years ago, is situated at the end of Victoria Close, a private cul-de-sac with only 10 other houses.

As with any other designated GCB areas in Singapore, the number of houses in this exclusive enclave can only be increased by dividing a larger plot of more than 30,000 sq ft, in accordance with planning guidelines, explains PropNex Realty’s associate group district director, Jervis Ng. Ng, who is also the founder of JNA Real Estate, a property team under PropNex, is the agent in charge of marketing the sale of this GCB.

“This means that the exclusivity and privacy enjoyed by the GCBs along Victoria Park Close will be preserved, a priority that many ultra-high-net-worth individuals and …

(ETC)

ETC, a local real estate advisory firm, has officially changed its name from Edmund Tie & Company to ETC with immediate effect. The company has also launched a revamped logo as part of the rebranding exercise.

According to ETC’s CEO, Desmond Sim, the new name has been a familiar abbreviation among their clients and staff for a long time. The decision to adopt ETC as their official name was driven by their employees, highlighting the company’s focus on valuing their employees’ opinions and ideas.

“Our refreshed identity signifies the progress we have made as one united ETC and showcases our determination to shape the future of real estate, both locally and regionally,” says Sim.

The rebranding coincides with ETC’s 30th anniversary. Founded in 1995, the company offers a comprehensive range of services for every phase of a real estate asset’s life cycle, including advisory, investment, management, and divestment.…

An expression of interest (EOI) exercise has been launched to sell a Good Class Bungalow (GCB) in the coveted Dalve Estate-Nassim Road enclave. The property, marketed by Cushman & Wakefield, has an indicative price of $60 million, which translates to $2,742 per square foot (psf) based on its land area of 21,881 sq ft.

According to Shaun Poh, executive director of capital markets at Cushman & Wakefield, the freehold plot sits on elevated ground and is ideal for redevelopment. He believes it will appeal to buyers looking to build their dream multi-generational home or developers seeking to create a luxury GCB for discerning individuals.

The GCB is situated next to the renowned Singapore Botanic Gardens and is just a short drive away from the bustling Orchard Road shopping district. It is also within close proximity to prestigious schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, …

Singapore buyers will have the opportunity to view a prestigious residential development in New York during the weekend of January 11 and 12. The development, 720 West End Avenue, is located in the sought-after Upper West Side of Manhattan and offers a range of 131 luxurious residences including one- to five-bedroom apartments, townhouses, duplexes, and penthouses with private terraces. The unit sizes range from approximately 500 square feet to over 3,700 square feet, with prices starting at US$1.015 million (approximately SG$1.38 million) for a one-bedroom residence.

Originally built in 1927 as the Hotel Marcy, 720 West End Avenue has been redeveloped by Glacier Equities and InterVest Capital Partners. The building, designed by renowned New York architect Emery Roth, showcases a beautiful Renaissance Revival-style façade. In order to preserve the intricate architectural details, the developers have restored the façade and added two floors to house the luxurious penthouse duplexes. The interiors …

now on sale

Ayana Bali, a sprawling 90ha integrated resort in Bali, Indonesia, has recently launched its newest residential development, the Alamanda Tower. This exclusive apartment complex features 26 spacious one- and two-bedroom units that are available for long-term lease, with a minimum stay of one month.

Part of Ayana Residences, a prestigious collection of residential properties within the Ayana Bali estate, the luxurious Alamanda Tower is situated along the shoreline of Jimbaran Bay. In addition to four lavish hotels (Ayana Resort Bali, Ayana Segara Bali, Ayana Villas Bali and Rimba by Ayana Bali), the sprawling Ayana Bali estate also offers a wide array of amenities such as the acclaimed Ayana Spa, a scenic golf putting course, a peaceful secluded beach, a variety of event venues, and an impressive selection of 30 different dining outlets.

Residents of Alamanda Tower will have exclusive access to three stunning rooftop pools, in addition …

The renowned Surbana Jurong Group has recently announced the appointment of Professor Cheong Koon Hean to its board of directors. This move, outlined in a press release on January 6th, is aimed at enhancing the company’s capability in providing innovative, strong and eco-friendly solutions for the built environment.

With a vast wealth of experience and knowledge in the industry, Cheong brings valuable insights to the board of directors. She previously held the position of CEO at HDB from 2010 to 2020, and prior to that, she served as CEO of URA from 2004 to 2010. Notably, Cheong also currently holds the position of Chair at the Lee Kuan Yew Centre for Innovative Cities, as well as Professor of Practice at the Singapore University of Technology and Design. She is also the Chair of the Centre for Liveable Cities Advisory Panel under the Ministry of National Development.

Furthermore, Cheong is also …

River Valley Apartments, a freehold condominium located on River Valley Road in the prestigious District 10, is now up for collective sale through a tender process. According to a press release issued on January 6th by exclusive marketing agent Knight Frank Singapore, the development is being offered for $56 million.

Built in the 1950s, this four-storey development consists of 24 units and sits on a 12,408 sq ft land parcel that is zoned for residential use, with a gross plot ratio of 2.8. Its prime location is just 500m away from the upcoming Great World MRT Station on the Thomson-East Coast Line. Popular shopping destinations such as Great World City and Valley Point Shopping Centre are within walking distance, while top-rated schools like River Valley Primary School and Alexandra Primary School are situated within a 1km radius.

According to the EdgeProp LandLens, the site has the potential to be redeveloped …

URAMore

The Urban Redevelopment Authority (URA) has given the green light for the voluntary conservation of Golden Mile Tower. This decision will come into effect if the 99-year leasehold development is successfully sold in a collective sale and a developer intends to redevelop the property.

Based on documents obtained by EdgeProp Singapore, the government has indicated that if a developer agrees to conserve at least the existing cinema block, the site’s allowable gross plot ratio (GPR) would increase from 4.46 to 5.6. This would apply to the existing site area of 93,902.5 square feet.

This higher GPR would result in a larger allowable gross floor area (GFA) of 525,854 square feet, a significant increase from the current GFA of 419,142 square feet. In addition, voluntary conservation would also allow for a higher maximum building height of 164m, compared to the current height limit of 145m for the site.

In August …

Over the weekend of January 4-5, Bagnall Haus at Upper East Coast saw overwhelming response with 1,500 visitors at its sales gallery. According to Teo Hong Lim, executive chairman of Roxy-Pacific Holdings, the developer of Bagnall Haus, many of the visitors were families residing in the East.

Bagnall Haus is one of the highly-anticipated new project launches of 2025. This 113-unit freehold development is a transformation of the former Bagnall Court, which was acquired by the developer in January 2023 for $115.28 million.

Situated less than a five-minute walk away from the upcoming Sungei Bedok MRT Interchange Station, Bagnall Haus is conveniently located near the Upper East Coast Bus Terminal. Prospective buyers can easily access the latest news and pricing information by searching for new launches.

The last new project launched in the Upper East Coast Road neighbourhood was 15 years ago. Therefore, Bagnall Haus offers an exclusive opportunity for …

on an 857 sqft areaIs it a Good Deal?: $555,000 for a three-room HDB flat at Bedok with a 999-year lease and 731 sqft area

HDB’s flash estimates released on January 2nd reported a 2.5% increase in resale flat prices in the fourth quarter of 2024, slightly slower than the 2.7% growth seen in the previous quarter. This marks the 19th consecutive quarter of price gains in the HDB resale market. The estimates also show a 9.6% increase in HDB resale prices for the entire year of 2024, double the 4.9% growth seen in 2023. However, this is still lower than the 10.4% increase in 2022 and 12.7% growth in 2021, according to Christine Sun, chief researcher and strategist at OrangeTee Group.

The latest HDB resale data from data.gov.sg, downloaded at 8.15am on January 2nd, showed a slowdown in price growth for some flat types, according to OrangeTee. For instance, …