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Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project

The group operates in regions such as the mainland China, Hong Kong, Vietnam and Mongolia.

Shanghai Pucheng and Shui On Land have formed a joint venture for redevelopment of Pujiang Town, a popular tourist spot located in the Minhang district of Shanghai, China. The project will see the redevelopment of Zhaojia Lou Ancient Town, an AAAA rated tourist attraction. This area stretches from Jiageng Road in the east, to Yaojia Bang in the south, Huichi Road to the west and Xiaoyan Lake in the north.

The joint venture will develop this land into a new landmark of Shanghai, with residential, commercial and ancillary facilities. This project will preserve the unique history and culture of Pujiang Town. Shui On Land is the property development company of the Shui On Group, a building-materials and construction firm, which has been involved in urban renewal projects with proven capabilities in master planning, cultural preservation, community operation and urban regeneration.

Jessica Wang, CEO of Shui On Land says, “Our success in the Panlong Tiandi project is a strong testament to the group’s capabilities in the urban-village renovation, giving us confidence in the future prospects of the Zhaojia Lou project.”

Shui On Land and the Shui On Group are based in Hong Kong, but also operate in the mainland China, Hong Kong, Vietnam, and Mongolia. The success of this project is a testament to their capabilities and experience in urban renewal projects. The joint venture looks forward to redeveloping the Zhaojia Lou Ancient Town, to create a new landmark of Shanghai.…

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

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A unit at Parc Stevens, located off Stevens Road in prime District 10, fetched the most profitable condo resale transaction recorded during the week of April 4 to 11 based on caveats lodged. The 3,466 sq ft, five-bedroom unit sold for a whopping $7.86 million ($2,265 psf) on April 10. This marks the highest psf-price recorded at the development and the first unit to change hands there this year. The seller had purchased the unit for $5.2 million ($1,500 psf) in April 2007 – which means they netted a profit of $2.65 million (51%) after holding the unit for an impressive 16 years.

Meanwhile, the most unprofitable transaction recorded during the same week was the sale of a four-bedroom unit at Marina Bay Suites. The 2,680 sq ft unit on the 25th floor changed hands for $5.25 million ($1,959 psf) on April 10. The seller had bought the unit from the developer for $6.39 million ($2,383 psf) back in December 2009, making a loss of $1.14 million (18%) across a holding period of over 13 years.

The second most profitable transaction during the week in Rent Out Condo review took place at Yong An Park, a freehold condo in the River Valley area. A three-bedroom unit measuring 3,434 sq ft on the 10th floor changed hands for $8.1 million, or $2,359 psf on April 6. The seller made a gain of $2.08 million (35%) as they had bought the unit for $6.02 million ($1,753 psf) in March 2012.

Marina Bay Suites is a 99-year leasehold development on Central Boulevard in the Marina Bay financial district, with 221 units. Typical residences are three- and four-bedroom units ranging from Marina Gardens Condo 1,572 to 2,691 sq ft. In contrast, Yong An Park is a 288-unit, freehold condo that was built in 1986. Units are a mix of one- to four-bedders, with penthouse units measuring between 3,466 sq ft and 6,878 sq ft, as well as a collection of townhouse units starting from 7,718 sq ft.

The respective sellers of these residential properties have seen significant profits or losses since January 2021. Out of the 24 resale transactions that have taken place at Marina Bay Suites since then, 23 have occurred below the purchase price, with the respective sellers seeing losses ranging between $7,000 and $3.25 million.

Parc Stevens and Yong An Park are both situated within five-minutes of an MRT station. Parc Stevens lies a five-minute walk to the Stevens Station, while Yong An Park is a five-minute walk to the Great World Station on the Thomson-East Coast Line.

The sale of a unit at Parc Stevens and Yong An Park, along with a unit at Marina Bay Suites, amounted to the most profitable and unprofitable condo resale transactions recorded during the week of April 4 to 11. All three of these properties have seen similarly impressive gains or losses for their respective sellers, showing the potential reward of a long-term property investment and the risk of a housing market downturn.…

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

and The Star Vista on EdgeProp.sg.Since its launch on April 14, Blossoms By The Park has seen huge interest from potential buyers. About 4,000 people have visited the sales gallery over the past three days, most of them locals, according to Lim Yew Soon, the Managing Director of EL Development.

The response to the project has been enthusiastic, and prices are expected to be in the $2,350 to $2,400 psf range, according to Ken Low, the Managing Partner of SRI.

The project boasts a number of attractive features, among them its location in one-north, a three-minute walk to Buona Vista MRT Interchange Station and a five-minute stroll to The Star Vista mall, as well as its proximity to Fairfield Methodist School and the Greater Southern Waterfront.

The 275-unit private condo offers a mix of 1, 2, 3 and 4 bedroom premium units, with prices starting at $1.291 million ($2,352 psf) for the one-bedroom-plus-study units, all the way up to $3.335 million ($2,213 psf) for the four-bedroom premium units.

The launch of the units is scheduled for April 29, and in anticipation, the Blossoms By The Park sales gallery opened its doors to the public on April 14.

Given the project’s positive response, potential buyers have good reason to be excited about the upcoming launch. Once the sales gallery opened, most of the 4000 visitors have been locals, a testament to the interest the project has been generating.

For those looking to purchase a premium unit close to One-North, Blossoms By The Park is a great option. To get started, check out the latest listings near Blossoms by the Park, Slim Barracks Rise, One-North, Buona Vista MRT Interchange Station, Fairfield Methodist School and The Star Vista on EdgeProp.sg.…

The Myst Condo at Bukit Panjang Close to Nature Reserve and Bukit Panjang Transport Hub
Mortgage Property News Real Estate

The Myst Condo at Bukit Panjang Close to Nature Reserve and Bukit Panjang Transport Hub

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Nestled near The Myst Condo at Bukit Panjang, Zhenghua Nature Park provides a green barrier which encircles Central Catchment Nature Reserve. While trekking or cycling down the trails, visitors may catch glimpses of a variety of bird kinds, as well as some squirrels, monitor lizards, and long-tail macaques. The trails which traverse the park are ideal for those seeking a combination of moderate difficulty and gentle gradients.

Living in The Myst Condo, close to Bukit Panjang transport hub, offers convenience and flexibility for multigenerational families. With easy access to the Bukit Panjang MRT Station, Segar LRT station, and Bukit Panjang Bus Interchange, getting around the city is a stress-free and enjoyable experience. Residents of The Myst Condo are guaranteed a wide range of public transportation options to suit their needs.

The Downtown Line (DTL) has revolutionized Singapore’s mass transit network. As the fifth MRT line in the country, it provides connectivity to locations previously not serviced, such as Bukit Panjang, Bukit Timah and Bedok Reservoir. With 34 stations, the DTL is an ideal option for commuting, bringing people around the city and to the core effortlessly. Those living in the Bukit Panjang-Bukit Timah area enjoy a journey to the city that is up to 30% shorter, while eastern residents benefit from fewer bus trips and faster commutes.

The Myst’s prime location gives City Developments Ltd the advantage of being able to offer special features for these properties. The enviable location, combined with the development company’s expertise in providing luxurious properties, allows it to present its clients with a range of exclusive and cutting-edge offerings. The range of features offered by City Developments Ltd can vary widely, providing its clients with the opportunity to choose exactly what they need. From designer kitchens to spacious outdoor decks and terraces, The Myst provides an opportunity to take comfort and convenience to a whole new level.

and many more. With the wide selection of amenities, food selections, products, discounts and other benefits that The Myst Condo in close proximity to these shopping centres offers, it’s no wonder why so many people are choosing to live at The Myst Condo.

The proximity of The Myst Condo to various shopping centres, such as Bukit Panjang Plaza, Fajar Shopping Centre, Hillion Mall, Junction 10, Bukit Panjang Hawker Centre, Cashew Village, Senja Cashew Community Centre, Cashew Heights Shopping Centre and many more, is a huge benefit for its residents. Living in an apartment close to a shopping center provides easy access to a wide range of products and items which are not always available in smaller stores. This means no need to drive to a distant store or take a bus to purchase what a person needs. The convenience at The Myst Condo is invaluable, with all the amenities, food selections, discounts and other benefits that these shopping centres offer. Furthermore, the selection of products available in a shopping center is also much bigger than in smaller stores, so one can easily find almost anything they need in a short amount of time. Shopping centers also offer a fun and convenient experience, perfect for hanging out with friends and family, or going to watch a movie or have a snack. That’s why so many people are choosing to live at The Myst Condo.

The Myst Condo’s strategic location offers easy access to various attractions and amenities within the city-state, as well as the convenience of the surrounding green spaces and rejuvenation plans. This makes it an ideal place for CDL to design a residential project that boosts the neighbourhood and provides residents with a pleasant living experience.

The interior of the condo is designed to be both modern and comfortable. The living areas are spacious and feature modern amenities like high-end appliances, wood flooring, and contemporary furniture. There are also amenities like a gym, pool, and sauna. The building also has a 24-hour security system to ensure that residents feel safe.

The Myst Condo is created to maximize the benefits of natural light and ventilation. Floor-to-ceiling windows and balconies facilitate the influx of natural light, while offering beautiful views of the city from a lush garden space. Inside of the condo, the living spaces are large and equipped with modern features such as high-end appliances, wood flooring, and modern furnishings. Additional amenities in the building include a gym, pool, sauna, and top-notch 24-hour security system for the safety and comfort of its residents.

The Myst Condo by CDL is the perfect choice for anyone seeking a luxurious lifestyle in a tranquil atmosphere. Being close to nature reserves and parks, it provides a perfect balance between city life and natural beauty. Residents can explore green spaces like Bukit Batok Nature Park, Bukit Timah Nature Reserve, Dairy Farm Nature Park, Hindhede Nature Park, MacRitchie Reservoir Park, Singapore Quarry, Singapore Botanic Gardens, Bukit Panjang Park Connector, Bukit Batok Town Park and Bukit Timah Hill Park Connector.

The Myst Condo is surrounded by attractive amenities that make it ideal for families. Situated near several schools, the condo is the perfect place to live for those with kids. Furthermore, medical centres, banks, supermarkets, and other essential services are located close by, ensuring that all residents have access to the things they need. With these amenities at their disposal, residents of The Myst can be sure of an abiding sense of convenience.

The Myst is a state-of-the-art condominium that offers residents a luxurious lifestyle while incorporating sustainability features. The development boasts a number of landscaping amenities, such as a rooftop garden, energy-efficient lighting, solar panels, native plants and trees, organic fertilizers and composting systems, water-efficient irrigation and recreational facilities. All of these features make The Myst Condo at Bukit Panjang the perfect choice for those seeking a green and eco-friendly living space.

In recent years, the city-state has taken efforts to invigorate the Bukit Timah district through an array of development proposals that seek to both boost connectivity and expand green areas in the area. One plan is the Railway Corridor development close to The Myst Condo, with the aim of transforming the former railway lines into a public space. Additionally, there is the Beauty World rejuvenation plan that will be creating an ecologically-friendly urban village.

Additionally, there are several parks and recreational facilities located near the property that allow residents to get outdoors and enjoy the great outdoors.

The Myst Condo provides its tenants with a wealth of advantages and activities to take advantage of. Within a short distance, there are various shops, eateries, and other services available to explore. Additionally, Bukit Panjang Plaza is located closeby, offering a selection of facilities and enjoyable activities. Popular attractions include the shopping centre, cinema, and food court. Furthermore, situated near the property are a range of parks and recreation spots for residents to enjoy some time outside appreciating the natural environment.

Hillview, located on the western side of Bukit Timah Hill, is a quiet residential area and home to a number of technological companies, including Fusionex and IXOM. Lastly, Bukit Panjang is the last area in District 23 and is known for its scenic views of the nature reserves, such as the Bukit Timah Nature Reserve and Bukit Batok Nature Park. Bukit Panjang Plaza and Hillion Mall provide plenty of retail options.

District 23 is an ideal destination for both buyers and renters, and covers the areas of Choa Chu Kang, Bukit Batok, Hillview, and Bukit Panjang. The name of Choa Chu Kang has its roots in the Teochew language and is derived from the word “Kangchu”, referring to the plantation owners in the past. From a humble kampung, it has now transformed into a modernized neighborhood. With public transportation links and two malls, Lot One Shoppers’ Mall and West Mall, shopping and dining options are not a problem. There are also various natural settings that give the area a sense of charm and character. In Choa Chu Kang Park, visitors can find fruit tree plantations, while Bukit Batok is known for Bukit Batok Town Park, Bukit Batok Nature Park, Bukit Batok Hill, and Little Guilin, which resembles Guilin in China and boasts towering granite rocks surrounded by a lake. Hillview, located on the western side of Bukit Timah Hill, is a tranquil residential area and a base for many technological companies, such as Fusionex and IXOM. Lastly, Bukit Panjang offers picturesque views of the nature reserves, such as the Bukit Timah Nature Reserve and Bukit Batok Nature Park. Shopping can be done at Bukit Panjang Plaza and Hillion Mall.

The 19-storey Hazel Park condo building at Myst Condo offers easy access to multiple educational facilities, business centres and parks. Located right alongside the Tan Chong industrial park, residents of the condominium are conveniently linked to the city’s public transport network, with the Cashew MRT station on the Downtown Line just a seven minute drive or a 13 minute stroll to the old Bukit Timah railway station away.

Hillview MRT Station (DT3) is located close to two international schools with renowned reputations. The German European School (GESS) and St. Francis Methodist School (SFMS) both offer excellent educational opportunities for students. GESS is a prestigious German school that offers a bilingual primary and secondary school education, with courses taught in both German and English. SFMS provides an international education centred on a holistic curriculum, with an emphasis on the values of integrity, excellence and respect. Both schools have a good track record of producing students who go on to excel in both their studies and future careers.

The acquisition of two plots of land in the highly sought-after Upper Bukit Timah area for S$126.3 million ($92.5 million) by CDL Aries could be a major step forward in the development of a potential new condominium tower. This would be a great opportunity for the developer to capitalize on the various plans and activities taking place in the area and create a residential project that would be highly sought-after by Singaporeans and investors alike.

For families in search of a comfortable and convenient dwelling, The Myst Condo is the ideal home. Ideal for those seeking a convenient living environment in Bukit Panjang, The Myst Condo offers plenty of options for public transportation, shopping, and recreation. Thus, it is the perfect place for a fun and convenient lifestyle.

The Myst CDL at Bukit Panjang offers a luxurious residential experience that is committed to sustainability and green living. Set in a bustling and vibrant Singaporean city, yet still tucked away in a tranquil and lush environment, it gives its inhabitants the best of both worlds. With access to some of the city’s best amenities, as well as embracing eco-friendly principles, this property is ideal for those looking for a luxurious living experience with an eco-conscious edge.

Living in Upper Bukit Timah provides a top-notch location when it comes to accessing educational institutions in the area. Reaching Cashew MRT station (on the Downtown line) is just a 5-minute walk from The Myst’s side gate. Furthermore, a bus ride of just 15 minutes will get you to either Ngee Ann Polytechnic or Singapore Polytechnic together with the nearby National University of Singapore. Therefore, properties located around Cashew to Bukit Timah are a great choice for anyone seeking a home near excellent schools. Here are noteworthy schools conveniently close to MRT stations in this area:

The Myst Condo boasts an impressive array of amenities, and it’s just a 10 minute walk to the nearest MRT station and various nearby shopping malls. Residents can take advantage of the convenient location to enjoy an array of restaurants and shops, or opt to ride the free shuttle bus to the Bukit Panjang Downtown MRT provided by the developer. For MRT accessibility, nearby MRT stations include: Jelapang, Choa Chu Kang and Yew Tee. Residents looking to explore the area can get around easily with this comprehensive selection of nearby public transit options.

Residents of The Myst Condo have multiple transportation options at their disposal. With the close proximity to the MRT stations, bus services and LRT services, customers can make use of the variety of buses available at the Bukit Panjang Bus Interchange. Furthermore, the developer provides a free shuttle bus service to the Bukit Panjang Downtown MRT. To get to locations faster, those living at The Myst Condo can take the direct route to the Chinatown and Geylang districts via the Bukit Panjang MRT. Lastly, the LRT services provide a connection to the Marina Bay area.

The Myst Condo by CDL is a magnificent retreat which provides its residents with an extensive selection of modern features and amenities. Shopping, restaurants, and entertainment options are conveniently within reach, making life easier. The property also features a well-equipped gym, a pool, a Jacuzzi, and a yoga pavilion for those looking for a truly calming and relaxing experience. Additionally, there is a children’s play area, BBQ pits, and a landscaped garden to explore.

The Myst Condo by CDL is ideally situated alongside a plethora of nature reserves and parks. Residents can easily access the Singapore Botanic Gardens and Bukit Timah Nature Reserve in a matter of minutes on foot. With such convenient proximity, the condo is a great spot for outdoor recreation such as hiking, biking, and bird watching. Those looking to enjoy the great outdoors will surely find The Myst Condo by CDL to be the ideal place to experience nature in all its splendour.

At the Myst CDL at Cashew MRT Station, residents can enjoy the modern luxury lifestyle whilst at the same time appreciating sustainable features that make it a great choice for those looking for a green and eco-friendly living space. This development offers a perfect balance between modern luxury and eco-friendly living, making it an ideal choice for those seeking a sustainable and luxurious living environment. From its stylish design and quality finishes to its sustainable infrastructure, the Myst CDL at Cashew MRT Station is sure to provide an excellent quality of life for its residents.

Positioned on two neighbouring pieces of land, The Myst is a new condominium located at 798 and 800 Upper Bukit Timah Road. This anticipated project has an aggregate site area of approximately 179,007 square feet, nestled in the established neighbourhood of Cashew Estate. The completion of Espa condominium in 2010 marks the last new launch in the vicinity, making The Myst a much-awaited addition to the Good Class Bungalow Areas (GCBA) of Singapore.

The Myst Condo Upper Bukit Timah Road has implemented various sustainable features in its landscaping design. Native plants and trees requiring minimal care have been installed, and organic fertilizers and composting systems have been incorporated to decrease the requirement for chemical fertilizers. Also, a water-efficient irrigation system has been put in place to help reduce water consumption.

The Bukit Panjang Integrated Transport Hub is the ninth such entry on the Integrated Transport Hub roster of Singapore. Situated close to the Hillion Mall, The Myst Condo is well connected with the mall and other recreational facilities near it. This proximity lends itself to convenience for those who have young children in tow, as the proximity to De La Salle School – which is within walking distance of the condo – can come in handy for their educational activities. Moreover, the area is no stranger to international schools as well, thus offering a wide variety of educational facilities to those in the area.

The Myst of the forest is a perfect option for those looking to take a break and unwind. Boasting stunning views, luxurious amenities and facilities, and a tranquil atmosphere, it is the epitome of rest and relaxation. Furthermore, it provides easy access to the Bukit Timah Nature Reserve, making it the ideal spot for hikes and nature walks. With its breathtaking beauty and plethora of activities, it is an ideal place for residents to enjoy the natural environment.

The Myst Condo lies conveniently near to a variety of medical facilities. Residents can easily access the Bukit Panjang Polyclinic, which is only a short walk away, providing an extensive range of healthcare services. Other nearby medical centers include the National University Hospital, the Sengkang Clinic, and the Tan Tock Seng Hospital.

The Downtown Line (DTL) has improved commuting choices in the Central Business District zone, allowing a faster route to move between Millenia Walk and Marina Bay Sands to City Hall Fringe. DTL3, recently opened and stretching 21 km, provides a direct link to Tampines Regional Centre and Changi Business Park without needing to switch buses. The Downtown Line increases to 42 km with this extension, becoming the longest underground Mass Rapid Transit line in Singapore without any intermediary stations.

Living at The Myst Condo has its perks, especially when it comes to the location. The condominium is conveniently situated near the Hillion Mall, which is a bustling shopping, dining and entertainment centre in Bukit Panjang. This mall is host to a wide selection of shops, restaurants and leisure activities such as a cinema and bowling alley, and residents of The Myst Condo can take advantage of the close proximity by being able to reach the mall in a mere 5-minute walk.

The Sixth Avenue MRT (DT71) is located near Nanyang Girls’ High School, providing easy access to the school from the MRT station. Students, staff and visitors can take the MRT to the station for their journey to and from the school. The convenient location makes the school accessible by public transport. It is also convenient for bustling parents and caregivers who need to drop off or pick up their children. With the help of the MRT, getting to the school is easy and convenient.

The mystique of The Myst Condo by CDL is unparalleled. This luxury development is located in a prime location in the heart of Bukit Timah, which is surrounded by lush greenery and nature reserves. This tranquil environment is perfect for those in need of a break from busy urban life. The Myst Condo by CDL is conveniently located on Upper Bukit Timah Road, allowing for easy access to the city centre. With its stunning views and tranquil environment, The Myst Condo by CDL is the perfect place to relax and unwind.

The Myst Condo provides an incomparable convenience for its inhabitants due to its advantageous position near to the Bukit Panjang Integrated Transport Hub, brimming with plentiful facilities and amenities for its inhabitants to benefit from.

Located just a short distance away from the Bukit Timah Campus of the National University of Singapore is the Botanic Gardens MRT station (DT9). It is easily accessible by train, with a travel time of only six minutes on the Downtown Line. The station serves the academic and research community located in the vicinity and is a great way to explore the greater campus area and the Botanic Gardens, which is a major tourist attraction in Singapore. The station is also conveniently located nearby major shopping areas such as Orchard Road and the Central Business District.

The acquisition of the Upper Bukit Timah site by CDL Aries puts them in a prime position to take advantage of the various developments and rejuvenation initiatives in the vicinity of The Myst Condo. CDL will be able to construct a residential project that offers Singaporeans and investors an attractive address, due to the area’s prestigious positioning and its proximity to amenities.

Tan Kah Kee MRT Station (DT8) is located close to a number of renowned educational institutions, including National Junior College, Hwa Chong Institution, Hwa Chong International School, and Raffles Girls’ Primary School. These institutions are within easy reach of the station, making it a popular choice among those living nearby.

If you’re searching for a convenient locale, The Myst Condo offers a wide array of public transportation options. You can easily get to either Bukit Panjang MRT Station or Hillview MRT Station in under 30 minutes. The closest bus stops to take advantage of are Bef Chestnut Avenue, Bukit Panjang Road, and Upper Bukit Timah Road, allowing you to get to Orchard Road and the Central Business District in a mere 25 minutes.

Residents of the Myst CDL of the forest can enjoy luxury and comfort with the condominium’s modern amenities and facilities. Onsite amenities include a swimming pool, gym, tennis court, and a clubhouse, making for a well-rounded lifestyle. To top it off, the condominium also has a beautiful sky garden that allows its residents to relax and appreciate the nature that surrounds them.

The Myst Condo, a new residential development by City Developments Limited affiliate CDL Aries, is located in an ideal location in Bukit Panjang and Cashew. CDL Aries has secured the rights to two adjacent plots on 798 and 800 Upper Bukit Timah Road in the Tan Chong industrial park in northwest Singapore. The Myst CDL stands at a size of 16,620 square metres (178,900 square feet) and is zoned for residential use with a plot ratio of 2.1. The developer is allowed to construct a venture with a maximum height of 24 storeys on this coveted plot.

The Myst provides its residents with various landscaping features that prioritize sustainability. To give residents the chance to experience the tranquility of nature, the development is outfitted with a rooftop garden. This space is flourishing with greenery and vegetation, making it a peaceful refuge from the bustle of the city. Furthermore, rainwater harvesting systems are installed, helping to cut back on water use and to conserve resources.

Residents of The Myst Condo will enjoy quick and convenient access to the Bukit Panjang Integrated Transport Hub, located just a 5-minute walk away. This transport hub provides links to the Downtown Line and the Bukit Panjang LRT, making it easy for residents to travel to the city centre or explore the neighbourhood. Moreover, a number of bus services operate from the hub, allowing residents to explore the rest of Singapore with ease.

King Albert Park MRT is in proximity to a number of prestigious schools, including Methodist Girls’ School with both Primary and Secondary sections, Hollandse School, Swiss School, and Singapore Korean International School. This makes the area a convenient place to live for families with children in these schools.

The Myst, formerly Tan Chong Industrial Park, is a perfect option for those looking to live green. It flaunts a range of smart and eco-friendly features that set it apart from other properties in the area. This sustainable development utilizes resources wisely and is designed with the environment in mind. Residents of The Myst can enjoy the peace of mind of knowing they’re contributing to a greener future.

Newton MRT (DT10) is in close proximity to the Anglo Chinese School (Barker Road). The station enables easy access to the school for commuters, providing a convenient and comfortable journey. Additionally, the station boasts a direct connection to East West Line, allowing for cross-platform transfers.

The nearby shopping centre, Newton Food Centre, is a popular destination, offering a wide variety of food and other retail outlets. The nearby Farrer Park MRT (NE8/CC20) is another popular destination, providing easy access to the leisure and entertainment hub of the city.

All in all, the Newton MRT (DT10) to Anglo Chinese School (Barker Road) route offers a great combination of convenience and connection. With direct connections to the East West Line, it is an ideal stop for commuters looking to get to their destination quickly and comfortably. Furthermore, the nearby shopping and entertainment district makes this a great destination for those looking to take advantage of the city’s many attractions.

The Myst, CDL’s newest condominium project, offers exclusive living to its residents. It boasts top-notch facilities and amenities, such as a 50-meter swimming pool, a spacious clubhouse, and tennis courts. With its proximity to prominent educational institutions, like Bukit Panjang Primary, CHIJ, National University of Singapore, and Ngee Ann Polytechnic, The Myst is especially suited for families with children. Residents have easy access to a range of shopping and dining venues, plus enrichment centers and childcare facilities, close to malls and shopping centers including Hillion Mall, Bukit Panjang Plaza, HillV2, The Rail Mall, and the upcoming The Reserve Residence Mall.

The Cashew Estate has a tranquil rural feel to it. A key component is the Rail Corridor, which is ideal for those looking to enjoy nature, go cycling, or go for a jog. Visitors can commence the Corridor at the former Tanjong Pagar Railway Station, and end at the Kranji MRT Station. To have a look at the Corridor’s map and other details, check out the upcoming projects, The Reserve Residences at Beauty World and The Botany at Dairy Farm, which both provide access to the Rail Corridor. Furthermore, the nearby Bukit Timah Nature Reserve is an added bonus of the area, allowing people to be in the great outdoors. Living in the Cashew Estate gives you the opportunity of a great lifestyle, surrounded by stunning scenery and peaceful green spaces.

Beauty World MRT (DT5) is conveniently located near a number of notable educational institutions including Bukit Timah Primary School, Pei Hwa Presbyterian Primary School and DIMENSIONS International College (Bukit Timah Campus). By having easy access to these establishments, residents of the area are sure to benefit from the convenience and proximity.

Located in close proximity to numerous parks and recreational spaces, The Myst Condo is an ideal home for those looking to enjoy the tranquillity of nature. Residents can take in the stunning views of Bukit Panjang Park, Chestnut Nature Park, and Zhenghua Park, all within a stone’s throw of their home. Perfect for walkers, joggers, and cyclists, this area also features a range of pedestrian and cycling pathways, as well as playgrounds and other leisure facilities. Plus, the nearby Bukit Panjang Swimming Complex offers an Olympic-sized pool, ideal for those hot and sunny days.

The Myst of the forest is renowned for its unparalleled sightlines, which offer a clear, undistorted perspective of the encompassing natural environment. From the higher points of the condominium, inhabitants can take in the unrivaled view of the Bukit Timah Nature Reserve and its gorgeous verdant hills. The scenery stretches out before you, filling the senses with a sense of tranquility and balance.

The Myst Condo of the forest at Bukit Timah Road is a highly desired residential opportunity in Singapore. Offering occupants a stunningly beautiful tropical landscape, filled with lush greenery and rolling hills, it is easy to understand why this luxurious condominium is so highly regarded. Residents can revel in the gorgeous views of nature that the property provides, enjoying a unique, tranquil environment.

The strategic placement of The Myst Condo in Bukit Panjang, Singapore, makes it a great option for those seeking comfort and convenience. Located within a short walking distance from Bukit Panjang Integrated Transport Hub and Hillion Mall, residents of The Myst Condo have quick and easy access to public transport and an array of shopping and dining options. All of these amenities make The Myst Condo a perfect choice for anyone looking for a hassle-free lifestyle.

The West Region of Singapore spans an area of 25,500 hectares and is the largest among the five regions in the country. Of all towns, Jurong West is the most populated while Jurong East is the regional center. Among the many industries that call this region home, the petrochemical sector is particularly well represented, featuring renowned international operators such as BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell. The government has set long-term plans for the further development of the West Region, with the intention of converting the Jurong Lake District and Jurong Innovation District into Singapore’s secondary business hub. In addition, the Tuas Mega Port, slated for completion by the 2040s, is prognosticated to become the globe’s largest single container port with a yearly capacity of 65 million TEUs.

The Myst is designed to be highly energy-efficient, incorporating green technologies to reduce energy consumption. These include advanced air-conditioning systems, intelligent lighting and motion sensors, and top-of-the-line appliances that are engineered for minimal energy use. Moreover, the building features double-glazed windows and insulation to maximize energy efficiency and minimize heat loss.…

Mortgage Property News Real Estate

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

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Two freehold, adjoining shophouses located at Jasmine Road, off Upper Thomson Road, have been launched for sale via expression of interest (EOI). These properties are situated just a minute’s walk away from the Upper Thomson MRT station and have a combined floor area of around 3,940 sq ft. According to ERA Realty Network, the exclusive marketing agent for the shophouses, the guide price is set at $10.5 million, or $2,665 psf.

The shophouses offer an immediate rental income and potentially, future capital appreciation. It may also be possible to redevelop the property into a four-storey residential building with a commercial space at the first storey, subject to authorities’ approval. The reveloped building could have a gross floor area of around 10,950 sq ft.

The two-storey shophouses are zoned for “residential with commercial at 1st storey” use with a gross plot ratio of 3.0 and building height limit of up to four storeys under the 2019 Master Plan. They are around 50m away from Thomson Plaza shopping mall and are adjacent to Adelphi Park Estate.

These properties are close to numerous amenities and valuable educational institutions. Popular eateries, cafes, Sin Ming Plaza and Junction 8 shopping mall are all within a 1-2km radius. Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School and Whitley Secondary School are the most outstanding ones in the list.

The EOI exercise for the property will close on May 8 at 3pm and it is offered on an “as is where is” basis with existing tenancies. Investors and developers should certainly consider this rare opportunity to own a pair of freehold shophouses at such a prime location. …

Mortgage Property News Real Estate

Collective sale of Tanjong Katong development relaunched at $63 mil

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An urban oasis at Tembusu Grand, the new collective sale offer in Tanjong KatongThe potential of a 9,999-year site at 52 to 62H Tanjong Katong Road could unlock its urban oasis at an attractive price. With a guide price of $63 million, the 26-unit walk-up development translates to a land rate of $1,401 psf per plot ratio (psf ppr), including an estimated land betterment charge of approximately $530,000. According to sole marketing agency Huttons Asia, located in District 15, the 4-storey building has a land area of 32,397 sq ft, allowing it to potentially have 49 residential apartments with an average size of 915 sq ft.

The potential of a 9,999-year site at 52 to 62H Tanjong Katong Road is now available for purchase! With a guide price of $63 million, the four-storey development features a land area of about 32,397 sq ft, offering the potential to yield approximately 45,356 ft of gross floor area upon redevelopment. This is based on the allowable gross plot ratio of 1.4 due to the property being zoned for residential use under the 2019 Master Plan.

The new development could potentially have 49 residential apartments with an average size of 915 sq ft, translating to an attractive land rate of $1,401 psf per plot ratio (psf ppr). This takes into account an estimated land betterment charge of approximately $530,000.

This property has been on the market for some time, first being launched for collective sale at an indicative price of $65.5 million in July last year. However, it received several offers below the asking price, according to Huttons Asia, the sole marketing agency for the walk-up development. Now, it has relaunched the property for tender with a revised guide price of $63 million.

Situated in District 15, the location of 52 to 62H Tanjong Katong Road is ideal for those looking for an urban oasis. It is a mere 10-minute drive away from the CBD and a 500m walk from Paya Lebar MRT Station. Surrounding amenities such as shopping malls, the Singapore Sports Hub, East Coast Park and F&B and cafe offerings in the Katong and Joo Chiat areas also make it an attractive prospect.

Angela Lim, deputy head of investment sales at Huttons Asia, comments: “We believe that it will be popular with both professionals and young couples who are looking for abundant convenience, as it is just five stops to City Hall Interchange and within a stone’s throw to Paya Lebar Commercial Hub, where there is a great mix of retail, F&B and recreational offerings.”

Terence Lian, head of investment sales at Huttons Asia, also establishes the relevance of Tanjong Katong as an area with great appeal: “Tanjong Katong has always been a choice location for buyers looking to purchase their new homes in District 15. We expect that there would be keen interest from several developers in view of the buoyant and brisk sale of Tembusu Grand, which bodes well for the collective sale of this 9,999-year Tanjong Katong site.”

The tender for 52 to 62H Tanjong Katong Road closes on May 9 at 2pm, offering a great opportunity to secure an urban oasis at a competitive and attractive price.…

Mortgage Property News Real Estate

Two shophouses at Perak Road up for sale at $13 mil

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Two conservation shophouses located in the Jalan Besar/Little India precinct at 6 and 7 Perak Road have been made available for sale via tender with a guide price of $13 million. A three-minute walk away from Rochor MRT Station, these two-storey shophouses come with mezzanine space and a built-up area of 5,360 sq ft. Approved for use as a backpackers’ hostel, they occupy a land area of approximately 2,870 sq ft and have an 11.4m-wide frontage along Perak Road.

The properties are well-maintained and need minimal refurbishments, making them ideal for hostel operators looking to tap renewed interest for convenient and accessible accommodation among incoming tourists and travellers post-pandemic. Investors are also expected to show keen interest in the properties, as they can potentially bring in a gross rental yield of over 3% due to their strong rental demand and close proximity to amenities in District 8 and the Bugis area.

The vendor is willing to sell the shophouses with vacant possession, thus enabling the new owner to decide which type of tenant profile they desire for the property. As they are zoned for commercial use, no additional buyer’s stamp duty will be payable on the purchase. The tender for the property closes on May 8 at 3pm.

Interest in the shophouses is expected to be high, with the current owner receiving “multiple offers” from prospective tenants. This is no surprise, given their strategic location and well-preserved condition.…

Mortgage Property News Real Estate

JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

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Sandeep Sethi has been appointed as Division President of Work Dynamics in the Asia Pacific region by JLL. He will now be responsible for overseeing and expanding the North Asia market share for JLL in Mainland China, Hong Kong and his current portfolio in West Asia.

Based in Gurgaon, Sandeep will directly report to Susheel Koul, JLL’s CEO for work dynamics in Asia Pacific. He has 27 years of experience in the corporate sector, having worked with JLL for the last decade. His appointment is a reflection of deep client relationships and growth in the occupier business in West Asia, which now manages over 160 million sq ft of office space across 1,500 client sites in India, Sri Lanka, Mauritius, and Bangladesh.

JLL’s Work Dynamics business unit provides services addressing the full real estate life cycle for occupiers, such as integrated facilities management, construction management services, sustainability and workplace consulting, and lease transaction management. Sandeep’s appointment reinforces JLL’s commitment to both developing and elevating its people to meet the rapidly diversifying client base across the Asia Pacific.

Susheel Koul, CEO of Work Dynamics in Asia Pacific, said: “Sandeep is an established leader and a respected client advisor with an astute understanding of the dynamic nature of commercial real estate.”

In the light of recent news, 2022 Apac real estate investments have been reported to have dropped by 27% year-on-year due to rate hikes and cooling sentiment. However, looking ahead to 2023, Asia Pacific real estate investors are beginning to identify opportunistic deals. Other key players in the field such as Cushman & Wakefield have recently announced senior Asia Pacific leadership promotions.…

Mortgage Property News Real Estate

Shipyard at Benoi Road for sale at $11.3 mil

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An industrial property at 1 Benoi Road, located in Jurong Industrial Estate, has launched for sale with an Expression of Interest (EOI) exercise with a guide price of $11.3 million. With a sprawling site area of over 500,000 sq ft, the property has waterfront access.

Huttons Asia, the marketing agent for this property, said in a press release that it is suitable for shipbuilding, ship or vessel repair and maintenance. The property is situated at the junction of Benoi Road and Pioneer Road and lies 24km from the city centre. It is close to housing estates such as Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. The Ayer Rajah Expressway and Pan-Island Expressway facilitate greater connectivity.

Isabel It, associate division director at Huttons Asia, said the plot is a regular shape, with a corner frontage of 255m along Benoi Road and Pioneer Road and an average plot depth of 213m. At its east, the land has a 230m frontage along the waterfront. She also said the land is of a flat contour, with an access road level.

Lee Sze Teck, senior director of research at Huttons Asia, noted from records that the last known transaction of comparable property at Benoi Road was a 328,105 sq ft plot at 5 Benoi Road, sold for $10.5 million in December 2020. He also highlighted that a shipyard with approximately 1.5 million sq ft of land at 55 Gul Road – about a 10-minute drive from 1 Benoi Road – was acquired by ST Engineering for $95 million in February.

From his assessment, Lee believes the property for sale is suitable for businesses looking to expand, as plots of land of such size for vessel building or maintenance are rarely available.

The sale of this property is subject to approval from relevant authorities. The EOI exercise is closing this coming April 27 at 3pm.

Those interested can check out the listing near Benoi Road, Jurong Industrial Estate.

Meanwhile, in this current growth landscape, Huttons Asia also predicts a gradual increase in Chinese buyers in Singapore’s residential market in 2023, and will be aiming to have 6,000 agents under its belt by the end of 2024.…

Mortgage Property News Real Estate

GuocoLand sole bidder for Lentor Gardens GLS site at $985 psf ppr

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GLS plot at Lentor Hill fetches $1,130 psf pprGuocoLand emerges victorious for GLS plot at Lentor Gardens at $985 psf ppr

Today, the tender for the residential government land sale (GLS) site at Lentor Gardens closed with only one bid, $486.8 million, from GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group). The amount translates to a land rate of $985 psf per plot ratio (psf ppr).

The joint venture partners are envisioning the development of a new, high-end residential area with around 533 units that will include 600 sqm of childcare facilities. This new development complements the two projects – Lentor Modern and Lentor Hills Residences – of the transforming Lentor Hills estate.

Mark Yip, CEO of Huttons Asia, remarks that this $958 psf ppr bid is the lowest for a land parcel in the Lentor precinct. There was also only one bid since the tender of the Silat Avenue GLS site in 2018, won by a consortium led by UOL Group for $1.035 billion.

Two other residential GLS sites have been sold in Lentor: Lentor Central, won by a consortium comprising China Communications Construction, Soilbuild Group Holdings and United Engineers for $481.03 million ($1,108 psf ppr), and Lentor Hills (Parcel B) to TID (a joint venture between Hong Leong Group and Mitsui Fudosan) for $276.36 million ($1,130 psf ppr). Both parcels can yield about 470 and 265 units respectively.

More recently, a GLS site at Lentor Hills Road (Parcel A) was sold for $586.6 million ($1,060 psf ppr). The resulting 598-unit project called Lentor Hills Residences is jointly developed by GuocoLand, Hong Leong Holdings and TID (a joint venture between Hong Leong Holdings and Mitsui Fudosan).

Last September, GuocoLand launched the 605-unit Lentor Modern integrated development. The development was an instant success, with 84% of the units sold on launch weekend, and is now 88% sold at an average price of $2,104 psf. The developer purchased the GLS site for $784.1 million ($1,204 psf ppr) in July 2021.

Huttons’ Yip cites the cloudy economic outlook, along with the One Sophia risk of being slapped with Additional Buyer’s Stamp Duty for developers if all units are not sold within five years, as reasons behind the continuous downward trend of bids since the launch of the first GLS site at Lentor.

Two other GLS sites at Lentor are available for sale under the 1H2023 GLS Programme – an expected 475-unit site at Lentor Central launching this month, and a 500-unit residential site at Lentor Gardens, which is on the Reserved List.

Knight Frank Singapore’s Head of Research, Leonard Tay, adds that these seven sites – the five that have now been sold and the two still available for sale – could bring about some 3,500 new units to the area and 11,000 new residents.

The site that closed today is within walking distance of the Lentor MRT station and a number of recreational facilities such as Thomson Nature Park and Yio Chu Kang Stadium and Sports Complex. It is also about 1km from CHIJ St Nicholas Girls’ School, which should appeal to parents of school-going children.

Steven Tan, CEO of OrangeTee & Tie, believes that the eventual launch at the Lentor Gardens site could see units priced around $1,950 to $2,050 psf.

The Lentor Hills estate is set to become a premium destination in the months to come, with GuocoLand leading the charge for the area’s growth and development.…