Month: April 2023

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

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The manager of CapitaLand Ascendas REIT (CLAR) has recently announced their divestment of the Singapore industrial building KA Place for a consideration of $35.38 million. An April 20th filing by the REIT’s trustee, HSBC Institutional Trust Services (Singapore), revealed that a sale and purchase agreement had been signed to sell KA Place to KA Place SPV 1.

This figure of $35.38 million represents a 219% premium to the purchase price of $11.1 million in March 2005, and a 55% premium to the property’s market valuation of $22.8 million as at December 31st 2022. The building, located at 159 Kampong Ampat, is a seven-storey high-specification industrial building with a second-story carpark, and a Marina Gardens Condo total gross floor area of 10,163 sq m, with a remaining land lease tenure of 35 years.

The manager of CLAR has stated that this divestment is part of their proactive asset management strategy aimed …

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

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The lodging business unit of Capitaland Investment’s, The Ascott Limited, has set its sights on doubling its fee revenue to over $500 million over the next five year period. This target is set off the company’s FY2022 fee earnings of $258 million, which is their highest on record so far. Indeed, they reported a 36% year-on-year increase in the same year with their record property openings and signings.

Furthermore, Ascott has achieved their goal of securing 160,000 units by 2023. They recorded 4,000 new unit signings during the first quarter of FY2023.

Through their asset-light strategy, Ascott has doubled its units every five years, expanding from 20,000 units in 2008 to over 160,000 units. This impressive growth is now yielding financial dividends, so the company is leaning on driving even greater fee revenue in the coming five years. With over 80% of its units under management and franchise contracts, up …

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

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and Greater Southern Waterfront on EdgeProp.sg
over the past three days, close to 4,000 people have come to view the Blossoms by the Park sales gallery at Slim Barracks Rise in Singapore’s one-north district. This according to Lim Yew Soon, managing director of EL Development, who noted that most of the visitors appear to be locals.

The private Bukit Batok EC condo is composed of 275 premium units, ranging from one to four bedrooms in size. EL Development are hoping their launch on April 29th will be a success and have set prices starting from $1.291 million ($2,352 psf) for the one-bedroom plus study units, $1.499 million ($2,211 psf) for two-bedrooms, $1.585 million ($2,198 psf) for two-bedroom plus study, $2.082 million ($2,276 psf) for three-bedroom dual-key units, $2.279 million ($2,183 psf) for three-bedroom units, $2.921 million ($2,243 psf) for four-bedroom units and $3.335 million ($2,213 psf) for four-bedroom premium units.…

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The Myst Condo Near to National University of Singapore and Bukit Panjang Plaza

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Offering a unique living experience The Myst by CDL is a mid-sized condominium project that delivers an exclusive lifestyle to residents. Premium facilities and amenities are available, including a 50-meter pool, a large clubhouse and tennis courts. The Myst is particularly suited to families with kids as it’s situated close to leading educational institutions such as Bukit Panjang Primary, CHIJ, National University of Singapore, and Ngee Ann Polytechnic. Not only that, there is easy access to a range of shopping and dining venues, plus childcare facilities and enrichment centers thanks to its vicinity to Hillion Mall, Bukit Panjang Plaza, HillV2, The Rail Mall and the upcoming The Reserve Residence Mall.

The Myst Condo is a bustling locale, home to a variety of schools, commercial establishments, and parks. Close by is the 19-floor Hazel Park condominium building and Tan Chong industrial park. With the Cashew MRT station on Singapore’s Downtown Line …

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

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An opportunity to invest in a pair of freehold shophouses has been made available in Singapore with an EOI exercise for the properties located at 5 and 7 Jasmine Road, off Upper Thomson Road. The guide price for the two-storey shophouses set at $10.5 million, or $2,665 psf on the floor area.

The properties have a combined floor area of about 3,940 sq ft and a total site area of approximately 3,650 sq ft. As per the 2019 Master Plan, they are zoned for “residential with commercial at 1st storey” use and have a gross plot ratio of 3.0, with a building height control of up to four storeys.

The shophouses are conveniently located, around 50m away from Thomson Plaza shopping mall and adjecent to Adelphi Park Estate, a landed-housing enclave, with access via major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount …

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Exploring the Advantages of Living near Bukit Panjang Integrated Transport Hub

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Living near Bukit Panjang Integrated Transport Hub (BPIH) has a multitude of advantages. This hub is located in the western part of Singapore and is an important transportation center for the city. It is well-connected to various other parts of the city such as Jurong East, Bukit Batok, Bukit Timah and other areas. The hub has a wide range of transportation options, including buses, the Downtown Line and the LRT system.

One of the main advantages of living near BPIH is the convenience it offers. Residents can quickly get to their destination via the transportation options available. Additionally, the hub is connected to multiple shopping malls, making it easy for residents to access essential amenities and services. Additionally, many restaurants, cafes and other recreational facilities are located near the hub, providing more convenience and entertainment for residents.

Living near BPIH also provides residents with access to excellent educational facilities. The …

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Critically Evaluating Investment Profitability of Bukit Panjang Properties

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The investment profitability of Bukit Panjang properties has been a subject of much debate among investors and real estate experts. Analyzing the potential return on investment for a property in Bukit Panjang requires careful consideration of the current market conditions, the type of property, and its location. This article will provide a critical evaluation of the investment profitability of Bukit Panjang properties.

The key factor to consider when evaluating the investment profitability of Bukit Panjang properties is the current market conditions. The property market in Bukit Panjang has been booming in recent years due to its proximity to the city centre, making it an attractive option for both local and foreign investors. The increasing demand for property in the area has resulted in higher prices, making it a lucrative investment option. However, it is important to consider the current market conditions when assessing the investment profitability of Bukit Panjang properties …

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Comprehensive Analysis: An Investor’s Handbook to Promising Real Estate Projects in Singapore

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Real estate investments in Singapore have always been popular, with the city-state being known as a global hub for financial services, investments and business opportunities. In recent years, the Singapore government has implemented a series of policies and regulations that have made it easier and more attractive for investors to enter the real estate market. This has led to an increase in the number of real estate projects being undertaken in the city-state. As such, it is important for investors to have a comprehensive understanding of the real estate market in Singapore and the various factors that impact it.

The first step in conducting a comprehensive analysis of any real estate project in Singapore is to thoroughly research and understand the market. This includes gathering data on the current state of the real estate market, market trends, pricing and rental rates, as well as any other relevant information. Investors should …

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Bukit Timah Condominiums: The Ideal Option for Parents Seeking School-Proximate Homes

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Bukit Timah Condominiums is an ideal option for parents seeking homes near schools. Located in Singapore, these condominiums are minutes away from some of Singapore’s top schools, including Raffles Girls Secondary School, Nanyang Girls’ High School, and Hwa Chong Institution.

The condominiums offer a variety of amenities for families to enjoy. The facilities include a clubhouse, swimming pool, gym, jogging track, and children’s playground. There are also tennis courts and a basketball court for those who want to stay active. For parents looking for a place to relax, there are BBQ pits for outdoor gatherings.

In terms of safety and security, Bukit Timah Condominiums is well-secured with 24-hour security and CCTV surveillance. The condominiums also have an intercom system to allow residents to contact the security guards if they ever need assistance. Furthermore, the building management regularly organizes security patrols to ensure that the premises are safe and secure at …

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Maximizing Returns through Emerging Real Estate Projects in West Singapore

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Singapore is a bustling metropolis that is home to a diverse range of businesses and financial opportunities. Real estate investments have long been a popular option for those looking to make a sound financial decision. The West side of Singapore is an area that is known for its dynamic, up-and-coming real estate projects. By investing in these areas, it is possible to maximize returns and benefit from the growth of the region.

The real estate market in West Singapore is highly diverse, offering a variety of options from residential to commercial, from luxury to affordable housing. Investments can be made in both new and existing projects, providing the perfect opportunity for investors to maximize returns. In addition, there are numerous tax incentives for those who invest in these areas. This makes it an attractive option for those seeking to maximize their returns.

One way to maximize returns through emerging real …