URA Set to Develop Varied and Inclusive Community Around Upper Thomson Road – Public & Private Housing Units to Accommodate Different Lifestyles and Budgets

The Springleaf MRT Station Condo is one of the housing projects selected to be developed by URA. As residents of this luxurious condo, they will benefit from a range of exclusive amenities such as a swimming pool, gym, 24/7 security and an array of convenience shops. The condo is also conveniently located minutes away from the Springleaf MRT station, providing its residents with easy access to the city. All of these aspects make it an ideal location for people who value convenience and luxury.

The area in and around Upper Thomson Road is set to experience a rise in the number of residential units. Aimed at meeting various lifestyles and budgets, the new housing is comprised of both public and private housing units, making it a varied and diverse community for inhabitants. The Urban Redevelopment Authority (URA) is looking to create a lively and all-inclusive area where people can live, work and enjoy leisure activities.
The school also provides a challenging and diverse curriculum, in keeping with its commitment to prepare students for a successful future.

St. Nicholas Girls’ School is an all-girls institution that provides primary and secondary education. With a rich history and strong alumni network, the school strives to create an atmosphere that is empowering and nurturing for young women. Through its academic, artistic, and athletic programs, St. Nicholas Girls’ School seeks to prepare students for a successful future. Its curriculum is diverse and challenging, designed to give learners the skills they need to thrive in the world.

Upper Thomson Road Condos are placed in a prime spot in Singapore’s district 20, with a variety of shopping centres located nearby. One of the main attractions is Thomson Plaza – an impressive shopping mall with a wide range of stores, eateries and services. Buyers can browse fashion stores, bookstores, supermarkets and electronic stores – providing the perfect solution to all your shopping requirements.

Situated close to Upper Thomson Road Condo is one of Singapore’s most renowned schools – Raffles Institution. Having been established for over 190 years, it is nestled in Bishan, just a short drive away. Raffles Institution has a storied history and is revered for its high educational standards, producing some of the country’s most enterprising minds. Students are taught within an intellectually stimulating environment that inculcates independent thought and critical thinking.

Bakeries and cafes are a common sight along the streets, each offering a mouth-watering assortment of bread, pastries and coffee. Habitat Coffee and One Man Coffee are especially renowned for their delicious coffee and brunch options. If you like sweet treats, Udders Ice Cream and Salted Caramel Artisan Ice Cream are both popular destinations, boasting a delectable selection of flavours.

The charm of Upper Thomson Road lies in its plentiful high-end condominiums, which are renowned for their great location and convenience for transportation. Situated near to the Upper Thomson MRT Station on the Thomson-East Coast Line, this provides residents with instant access to Singapore’s efficient Mass Rapid Transit (MRT) system. This puts areas such as Orchard Road, Marina Bay, Raffles Place, and more within a reasonably short distance. In addition, with the impending Cross Island Line set to meet up with the Thomson-East Coast Line, the convenience is expected to be further improved, making Upper Thomson Road Condos even more appealing.

Upper Thomson Condo’s location is the perfect balance between the energy of the city and the serenity of nature. Very close to green spaces such as MacRitchie Reservoir and Bishan-Ang Mo Kio Park, this offers the perfect opportunity to relax in a natural environment away from the hustle and bustle. Not only do these parks provide a peaceful escape but they also have a variety of fun activities and amenities like water sports, running trails, and picnic areas.

The Upper Thomson Road Condo district is situated within an accessible location, only a short distance from the Seletar Expressway (SLE). This provides an easy connection to the newly constructed North-South Corridor, which is the first of its kind in Singapore. It boasts of continuous bus lanes and cycling routes, and is a great contributor to reducing time taken to travel to and from the city. With its integration to other expressways, the Upper Thomson area is thus greatly enhanced in terms of its connectivity.

The Upper Thomson neighbourhood provides an unrivaled mixture of convenience and lifestyle. Connectivity is easy, and residents are spoiled for choice when it comes to cuisine. Cafés, restaurants, and hawker centres dot the area, presenting a tantalizing array of options for locals to explore and savour. It is an ideal spot for an enriching living experience, and a culinary adventure!

The Marymount Convent School, near the Upper Thomson Road Condo, is renowned for providing an all-rounded education to its female students. Believing that moral values and character building are integral for producing responsible and caring citizens, Marymount Convent provides a peaceful atmosphere for their pupils to develop academically and personally.

Upper Thomson Road Condo offers a unique living experience, combining modern architecture with spacious interiors and luxurious amenities. Residents enjoy the inviting atmosphere outside their residences, where they can explore the vibrant food scene while taking advantage of a range of facilities, including swimming pools, gyms, and communal gardens. With this pairing of premium living spaces and energetic outdoor attractions, every day in this area is sure to be dynamic and fulfilling.

Located close to the Upper Thomson Road Condo, Catholic High School (CHS) is an exemplary institution that encourages the holistic growth of its students. CHS is a Special Assistance Plan (SAP) school that focuses not only on the academic development, but also on the moral growth of its students. As part of its distinctive programming, CHS provides two options, which are the Integrated Programme (IP) and the Bilingualism Programme. With these options, students have the capability to bypass the O-Levels and instead embark on a six-year curriculum that leads up to the attainment of the A-Levels or the esteemed IB Diploma.

The Upper Thomson Road Condo developers have taken great measures to ensure sustainability in their design. The use of green building technologies is seen as a way to achieve energy efficiency, while the addition of green spaces in the condo is seen as a proactive way to promote a healthier living environment. This conscious strategy to prioritize sustainability not only creates a better living experience but also contributes to global environmental conservation.

James Cook University, situated in Upper Thomson, is an institution dedicated to providing a high-quality tertiary education. Specializing in undergraduate and postgraduate programs, it offers students a learning experience that equips them for the international workforce. The university’s research and teaching are highly praised, making it an ideal choice for those looking to excel in both theory and practice.

Located only a stone’s throw away, Upper Thomson Road Condo residents are afforded the luxury of having Singapore’s premier shopping destination right at their doorstep. In just a short drive or a comfortable walk, they can find themselves amidst the throngs of people at Orchard Road, where they can indulge in a world-class shopping experience. From the plush ION Orchard to the iconic Ngee Ann City and the classic Paragon, there is never a shortage of retail therapy options at this vibrant lifestyle hub.

Upper Thomson Road Condos demonstrate Singapore’s success in urban planning as they are excellently connected to various parts of the city. Offering the ideal combination of convenience, lifestyle, and access to various transit options, they embody the modern urban living experience in Singapore. Residents can get around quickly – whether they’re taking public transportation or driving – and are just a stone’s throw away from all the amenities that Singapore has to offer. As such, Upper Thomson Road Condos can be seen as the epitome of convenience and connectivity.

The URA is striving to transform Upper Thomson into a pedestrian and cyclist-friendly community, where amenities are in easy reach. This will not only encourage healthier, greener means of commuting, but also be in line with Singapore’s goal of establishing a car-lite society. To achieve this, the enhancement of pedestrian and cycling pathways is a key area of focus.

In conclusion, Upper Thomson Road Condo is a highly desirable residential development providing a luxurious city lifestyle in an environment immersed in nature. Its advantageous positioning, carefully designed blueprint, superior features, and emphasis on sustainability make it a greatly sought-after living area. Even though the sound from close expressways and the increased price could turn away some potential buyers, the rich rewards that this condominium offers greatly outweigh these negatives, making it an excellent option for those looking for an elite urban existence.

Upper Thomson Road Condo provides a secure living atmosphere, with 24-hour security and surveillance. Furthermore, the inclusion of smart home technology raises the level of both comfort and safety for residents.

AI Tong School, situated close to Upper Thomson Road Condo, is recognized as one of Singapore’s premier primary schools. Established in 1912, it has a proud record and is celebrated for its commitment to scholastic excellence, comprehensive education, and bilingual curriculum. Thanks to its supportive environment and dedicated instructors, it is the ideal setting for formative development.

Upper Thomson Road Condo is situated close to Thomson Plaza, offering its residents easy access to a plethora of retail shops, eateries, and supermarkets. Furthermore, the close proximity of MacRitchie Reservoir provides great opportunities for outdoor enthusiasts to engage in recreational activities. For families with school-going children, the notable Raffles Institution and Ai Tong School are also in close vicinity, adding to the advantages of living here.

The Upper Thomson Road area boasts not just mega malls, but also a wide range of local shops and boutique stores that cater to niche interests. Having a stroll here will reveal an interesting mix of retail outlets, including artisanal bakeries, indie bookstores, and unique home decor shops – offering a truly special shopping experience.

The renowned Upper Thomson Road is renowned for its wide selection of eateries that can please all palates. From the award-winning bold flavours of Nakhon Kitchen’s Thai dishes to the delectable local options at Hwa Nam Restaurant, the area offers diners an array of gastronomic choices. The area is also famed for its seafood, with popular eateries such as Mellben Seafood serving local classics like Chilli Crab and Pepper Crab.

Upper Thomson Road Condos, strategically located in the city center of Singapore, offer the perfect balance of modernity, convenience, and connectivity. Home to condo dwellers and car owners alike, these condos provide effortless access to the rest of the island. With this in mind, let’s take a closer look at why Upper Thomson Road Condos have become a hotspot of smooth transportation and connectivity.

As well as having green spaces and facilities, URA’s plan also focuses on preserving and enhancing the culinary offerings of Upper Thomson. This area has a great selection of eateries, ranging from hawker centres to chic cafes. URA plans to retain the region’s distinctive food culture, so that Upper Thomson continues to be an exciting food destination even as it modernizes.

Upper Thomson Road Condo sits in a prime spot with great connectivity. Its closeness to Marymount MRT station makes it a breeze to reach the downtown area. Plus, for those driving, the added bonus of the Central Expressway (CTE) and Pan-Island Expressway (PIE) in the vicinity renders the condo even more attractive.

The convenience of living at Upper Thomson Road Condos is not limited to simple commuting. Located strategically, residents of the condos are never far from essential amenities and recreational facilities such as supermarkets, eateries, schools, parks, and leisure centres – some even being within walking distance. This comprehensive lifestyle is further made accessible by the ease of connectivity, making Upper Thomson Road Condos an ideal choice for both individuals and families alike.

The URA Master Plan isn’t just concerned with urban development – conservation of Upper Thomson’s natural environment is a key part of the plan. Thanks to its proximity to MacRitchie Reservoir Park and Central Catchment Nature Reserve, the URA is dedicated to preserving this natural heritage. To that end, the agency has outlined plans to create more green spaces, improve existing parks, and promote biodiversity.

Just a stone’s throw away from Upper Thomson Road Condo, you’ll find the Australian International School. Offering educational services to learners from pre-school to Year 12, the school delivers an international learning experience based on the Australian Curriculum and the International Baccalaureate. Regardless of nationality, the Australian International School grants students a unique educational opportunity.
Visitors can learn about the area’s history by exploring the various displays located throughout the park.

In 2019, Thomson Nature Park was opened, reflecting a remarkable effort. Here, amazing trails enable people to discover the abundant biodiversity of the site, with the critically endangered Raffles’ Banded Langur being a notable inclusion. Moreover, relics of a Hainan village from the 1930s can also be found in this park, allowing visitors to gain insight into the local history by examining the various displays within the premises.

In accordance with Singapore’s Smart Nation endeavor, URA intends to incorporate smart technologies into the development of Upper Thomson. These smart features, which range from intelligent lighting to real-time monitoring of public amenities, will enhance the comfort and safety of those living in the area.

In accordance with the URA’s Master Plan, Upper Thomson is set to undergo a number of upgrades aimed at bringing together commercial and residential development, enhancing public transport, adding more greenery, and safeguarding its historical and cultural legacy. Such improvements are designed to make Upper Thomson an even more desirable destination for both locals and visitors alike.

Upper Thomson Road in Singapore has long been renowned for its combination of busy city life and tranquil natural spaces, offering an intriguing mix of traditional charm and cutting-edge convenience. The Urban Redevelopment Authority (URA) of Singapore has recently implemented a range of development initiatives, which will make Upper Thomson even more vibrant and attractive.
omizes Singapore’s irresistible charm.

The Upper Thomson Road Condo offer a unique experience for those who seek city living – merging luxurious accommodation with the busyness of a shopping and dining destination. Shopping centers, boutique stores, restaurants and the city’s popular food and retail options are all close by, making the condos a desirable combination of comfort, convenience and culinary pleasure. This lifestyle blends perfectly with the allure of Singapore’s lively appeal.

Upper Thomson Road Condo is an exquisite residence located in the bustling Thomson district, offering residents a contemporary lifestyle enriched with a wide range of amenities. Combining urban sophistication with the serenity of nature, it is an ideal destination for anyone looking for a luxurious and high-quality living experience that can only be found in Singapore.
To top it off, Upper Thomson Road is a vibrant hub for all your living and leisure requirements, so why not make it your next home?

Upper Thomson Road Condo is an ideal destination for individuals or families wanting to experience both the culture and lifestyle Singapore has to offer. Furthermore, the vicinity is home to some of the best educational institutions, be it primary, secondary, or tertiary educational systems. Each school is notable for its own unique approach and strengths, so you are sure to find one that meets the educational needs of students. With the abundance of amenities and activities available in the area, there is no reason why Upper Thomson Road should not be your next home.

Upper Thomson Road Condo is a prime example of modern sophistication and quality craftsmanship. Each unit,from one-bedroom apartments to four-bedroom apartments, has been meticulously crafted to provide spacious yet efficient living spaces. Luxurious high-end fixtures and fittings further enhance the elegance of the residence, making it a symbol of tasteful refinement.

For those looking for an abode with plenty of shopping options and food destinations close at hand, Upper Thomson Road Condo is the perfect choice. Residents of this chic address can enjoy a vibrant lifestyle with plenty of culinary and retail offerings all within walking distance of their home.

For those who own private vehicles, the Upper Thomson Road Condos offer an unbeatable advantage. These strategically placed condos have direct access to the Pan Island Expressway (PIE) and Central Expressway (CTE), two of Singapore’s main roads. This connection guarantees swift, stress-free trips to various spots in the region, like downtown business districts or evenSentosa Island for a weekend getaway. Residents of the condominiums, who choose to drive, can benefit from the smooth and easily traveled highways.

Located in a desirable location, Upper Thomson Road Condos offers a range of amenities within walking distance. These include Thomson Plaza, which is filled with various shops, eateries and supermarkets. Nature enthusiasts will appreciate its proximity to MacRitchie Reservoir, which has many outdoor activities such as trekking, bird-watching and canoeing. Families with school-going children will also benefit from its proximity to esteemed schools like Raffles Institution and Ai Tong School.

One of the major elements of the shift is the upcoming Thomson-East Coast Line (TEL). Due for completion in 2024, it will significantly boost Upper Thomson’s accessibility by connecting it to key locations such as Orchard, Marina Bay, and the East Coast. This MRT line will act as a catalyst for residential and commercial growth in the district, thus attracting more people to live, work, and visit the area.

The attractiveness of the area is not limited to shopping. Upper Thomson Road is well known as a paradise of culinary delights, making it a must-visit spot for food experts. Within easy reach from Upper Thomson Road Condo, occupants can discover a wide variety of food establishments, ranging from chic cafes and bakeries to time-honoured hawker centres and upscale dining venues.

Positioned advantageously, Upper Thomson Road Condo boasts superb access. Its close proximity to Marymount MRT station ensures a short and convenient journey to downtown. Those traveling by car will find it well-connected to key expressways like the Central Expressway (CTE) and Pan-Island Expressway (PIE).

Upper Thomson Road Condos exemplify Singapore’s dedication to keeping a harmonious and integrated city. The comfort and connectivity made available by these condos are a demonstration of the city’s effective city planning and its aspiration for combining living spaces with transportation networks seamlessly. Essentially, these condos are a model of urban living, displaying Singapore’s concept of constructing livable and green urban spaces.

Upper Thomson Road in Singapore is a vibrant and culturally diverse neighborhood, boasting an abundance of appealing cuisines and captivating natural sights. It is not only a great place for families to live, but it is also an ideal destination for anyone seeking quality education, a vibrant lifestyle, and a strong sense of community. Besides, its proximity to some of the nation’s best schools makes it an attractive option to those looking for a mix of the best of both worlds.

Upper Thomson Road Condo stands out for its commitment to sustainability. To ensure a healthier and more energy-efficient living experience, the property is designed with energy-efficient technologies and supplemented with ample green areas. This focus on sustainability not only amplifies the pleasure of living at this condo, but also contributes to broader environmental protection initiatives.

URA is looking to give Thomson Community Club a facelift, transforming it into a livelier social hotspot. The enhanced facility hopes to strengthen relationships between the community members by providing a variety of programmes and events. Not only that, but it also seeks to ensure a sense of belonging and unity amongst the residents.

Families looking for a quality education close to home can consider Upper Thomson Condo as a great option, given the reputable schools and educational institutions in the area, such as Ai Tong School and Raffles Institution. This allows children to avoid spending hours travelling, making it a convenient and beneficial choice.

The EtonHouse Pre-School at Thomson is an excellent option for families with younger children. The school utilizes the Inquiry-based learning approach, a system that encourages children to think critically and explore ideas through creativity and questioning. In addition, the school provides a safe, caring, and welcoming environment that is sensitive to the individual needs and abilities of each student.

The URA’s Master Plan is impacting the transformation of Upper Thomson Road in a careful way that preserves the environment, history, and modern living. Connectivity, dynamic community spaces, lush greenery, smart technologies, and a variety of residential and commercial offerings come together to create a sustainable urban space that is attractive for living, working, and leisure. This transformation is an example of Singapore’s vision and commitment to fostering harmonious, inclusive, and sustainable urban developments.

The convenient bus services available around Upper Thomson Road Condo allow its residents the flexibility of planning out their journeys to various key nodes across the island. This way, they can easily get to and from their workplace or the Central Business District, go shopping at Orchard Road, or explore Chinatown’s rich culture. The MRT network also serves the area, providing comprehensive public transport coverage for locals.

Upper Thomson Road Condo presents an unparalleled level of connectivity for the public and car owners alike. Situated in close proximity to major MRT lines, bus services, and expressways, travelling to various parts of Singapore is made hassle-free. Additionally, the strategic location of the residential complex grants easy access to everyday amenities, thus providing a convenient living experience. All in all, Upper Thomson Road Condo is the optimal residence for those seeking modern urban comforts as well as an unrivalled convenience.

Upper Thomson Road Condo boasts an impressive selection of facilities that meet the needs of every resident’s lifestyle. The 50-meter lap pool is perfect for a refreshing escape from the hustle and bustle of the city. The well-equipped gym allows for convenient and frequent exercising. There is also a modern BBQ area and a luxurious function room for social gatherings. Children can take advantage of the play area, and adults can seek solace in the reading room.

Upon entering the condo, one is greeted by its contemporary and modern design. The exterior façade is aesthetically pleasing, while the common areas are adorned with luxury features. Upper Thomson Road Condo features a comprehensive array of amenities to accommodate different lifestyle needs. Residents can enjoy facilities such as an outdoor pool, gym, playground, and clubhouse.

Residents of Upper Thomson Road Condo are presented with the best of modern luxury living. Every detail has been carefully considered, from the layout of the units to the quality fixtures and fittings. Thoughtfully designed to cater to different lifestyles, the condo also boasts an impressive array of amenities. From outdoor pools and gyms to playgrounds and clubhouses, Upper Thomson Road Condo is the perfect place to call home.

It is important to keep in mind that, although Upper Thomson Road Condo boasts a variety of advantages, there are some potential drawbacks which should be considered. The vicinity to principal highways may result in excessive noise levels, progressively so during peak hours. Moreover, the popularity of the property in addition to its strategic position means that the units come at a significant cost.

Upper Thomson Road Condo, situated in the bustling city of Singapore, is a haven for those who value the perfect balance of luxury, convenience, and culinary exploration. Residents of these sophisticated condominiums can revel in the comfort of their living spaces, as well as the abundance of nearby shopping and dining experiences. To get a better sense of how life in an Upper Thomson Road condo combines urban living, retail comfort, and a foodie’s playground, let’s take a closer look.

Upper Thomson Road Condo provides an impressive array of facilities that make it a standout property. The 50-meter lap pool, surrounded by lush greenery, is ideal for swimming or exercise. The modern gym is well-equipped for those who wish to stay active at home. There is also a chic barbecue area and a luxurious function room for social gatherings. Little ones can enjoy the safe play area and those who want some peace can relax in the tranquil reading room. A range of diverse amenities for relaxation and recreation are available right within the condo.

Upper Thomson Condos boast modern architecture, luxurious facilities and strategic connectivity combined with comprehensive amenities to provide a well-rounded urban living experience. As Singapore progresses, these condos are set to increase in value, making them a worthwhile home and investment.…

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

and Greater Southern Waterfront on EdgeProp.sgIn spite of the current situation, “cautious optimism” is the order of the day for the developers of Blossoms By The Park.Lim Yew Soon remarks: “We are heartened by the response from the public – the turnout has been good.”

The developers of Blossoms By The Park are expressing “cautious optimism” despite current circumstances. Over the past three days the sales gallery has experienced an impressive turnout of 4,000 visitors, the majority of which appear to be locals according to the managing director of EL Development, Lim Yew Soon.

The private condo, situated at Slim Barracks Rise in One-North, contains a mix of one- to four-bedroom premium units and is set to launch officially on April 29th.

A variety of prices are being offered for units of differing bedroom configurations. These prices begin from $1.291 million ($2,352 psf) for a one-bedroom-plus-study unit, from $1.499 million ($2,211 psf) for a two-bedroom, and from $1.585 million ($2,198 psf) for a two- bedroom-plus-study. Three-bedroom dual-key units start from $2.082 million ($2,276 psf), three-bedroom units are from $2.279 million ($2,183 psf), four-bedroom units start at $2.921 million ($2,243 psf), and four-bedroom premium units are from $3.335 million ($2,213 psf).

The project is likely to appeal to investors due to its close proximity to amenities such as Buona Vista MRT Interchange Station, the Star Vista Mall, Fairfield Methodist School and Greater Southern Waterfront. Ken Low, managing partner of SRI, estimates that the average sale price for units will be in the $2,350 to $2,400 psf range.

Lim Yew Soon is encouraged by the response they have received, saying “We are heartened by the response from the public – the turnout has been good”. Whether or not this project proves to be a success despite current circumstances, only time will tell.

For more information on the Blossoms By The Park, including listings around the area, be sure to visit EdgeProp.sg!…

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

Two freehold shophouses located at 5 and 7 Jasmine Road off Upper Thomson Road have been put up for sale via a guide price of $10.5 million. The two-storey properties have a total site area of roughly 3,650 sq ft and a combined floor area of 3,940 sq ft. The properties are allowed a maximum of four storeys with a commercial space at the 1st storey as per the 2019 Master Plan.

Map of 5 Jasmine Road (Source: EdgeProp LandLens)

The shophouses are positioned close to amenities such as Thomson Plaza shopping mall, popular eateries and cafes along Upper Thomson Road, Sin Ming Plaza, Junction 8 shopping mall, Upper Thomson MRT Station and Caldecott MRT Station.

“It provides investors a golden opportunity to own a pair of freehold shophouses that offers immediate rental income and future capital appreciation potential,” says Steven Tan, managing director of capital markets and investment sales at ERA Realty Network.

Alternatively, the successful buyer can consider redeveloping the adjoining shophouses into a four-storey residential building with commercial space on the first storey. If approved, the redeveloped building could have a gross floor area of about 10,950 sq ft.

Moreover, there are several prestigious educational institutions such as Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School and Whitley Secondary School located within a 1-2km radius from the properties.

The shophouses are for sale with existing tenancies and on an “as is where is” basis. The expression of interest (EOI) exercise for the properties will close on May 8 at 3pm.

Recent transactions of commercial property on Jasmine Road (Source: EdgeProp Research tool)

Related news

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

– 999-year Jalan Besar shophouse selling for $5.9 mil
– Five-storey commercial shophouse at 32 Hongkong Street for sale at $8.5 mil

An exclusive chance to invest in two freehold shophouses located at 5 and 7 Jasmine Road off Upper Thomson Road is up for sale via expression of interest (EOI). Both properties have a floor area of approximately 3,940 sq ft and a total site area of 3,650 sq ft.

The properties are zoned for “residential with commercial at 1st storey” use as per the 2019 Master Plan with a maximum height control of four storeys and a gross plot ratio of 3.0. Being 50m away from Thomson Plaza shopping mall and adjacent to Adelphi Park Estate, the shophouses are accessible via major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway.

Upper Thomson MRT Station (situated on Thomson-East Coast Line) is just a minute’s walk away and Caldecott MRT Station (an interchange with the Circle Line) is one stop away.

ERA Realty Network is the exclusive marketing agent for these shophouses. The properties are located nearby several amenities and prestigious educational institutions as well and the EOI exercise will close on May 8 at 3pm. Lastly, the properties will be sold with existing tenancies and on an “as is where is” basis.…

Collective sale of Tanjong Katong development relaunched at $63 mil

At 52 to 62H Tanjong Katong Road, owners have relaunched the property for tender at a guide price of $63 million. The four-storey development was initially put up for sale at an estimated price of $65.5 million last July. The land area measures approximately 32,397 ft and it is zoned for residential use with an allowable gross plot ratio of 1.4. This means that the new development could potentially have 49 residential apartments with an average Marina Gardens Condo size of 915 sq ft, if redeveloped.

The guide price translates to a land rate of $1,401 psf per plot ratio (psf ppr), including an estimated land betterment charge of approximately $530,000. After factoring in a 7% bonus balcony gross floor area, the land rate becomes $1,375 psf ppr.

The District 15 location is surrounded by amenities such as malls, recreational facilities, F&B and cafe offerings within 500m of Paya Lebar MRT station and is 5 stops to City Hall Interchange.

“We expect there to be keen interest from 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,” said Terence Lian, head of investment sales at Huttons Asia.

Tembusu Grand, a 638-unit condo by City Developments and MCL Land located in the area, saw 53% of units sold at an average price of $2,456 psf during its launch weekend on April 8th and 9th.

The tender for the property closes on May 9th at 2pm.

Angela Lim, deputy head of investment sales at Huttons Asia, comments “It will be popular with both professionals and young couples who are looking for plenty of convenience. We believe that it is a great mix of retail, F&B and recreational offerings”.

Recent transactions of condominiums along Tanjong Katong Road demonstrate the potential of the area, making the walk-up development a desirable investment opportunity.

The potential success of the current tender reflects the favourable conditions of collective sale across District 15.…

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

The two-storey shophouses at 6 and 7 Perak Road, located in the Jalan Besar/Little India precinct, have a total built-up area of 5,360 sq ft and a land area of approximately 2,870 sq ft, with an 11.4m-wide frontage along Perak Road. Features include mezzanine space and approval for usage as a backpackers’ hostel.

Gracelynn Zhu of PropNex Shophouse Elites, which is marketing the property, notes that given their well-kept condition and strategic location in District 8, surrounded by amenities and close to Bugis, the properties enjoy strong rental demand. The property is currently being offered via tender with a guide price of $13 million, which works out to $2,425 psf.

With the recovery of the tourism sector gaining strong momentum, Zhu believes the properties may be ideal for hostel operators as well as investors seeking assets that can provide strong rental and capital growth. She estimates that the shophouses could potentially bring in a gross rental yield of over 3%.

The vendor is looking to sell the shophouses with vacant possession, giving the new owner the opportunity to decide which type of tenant profile they will choose for the property. Being zoned for commercial use, no additional buyer’s stamp duty is applicable on the purchase of the properties.

With the tender for the property closing on May 8 at 3pm, it presents an excellent opportunity to obtain a well-maintained, conveniently located asset. Interested parties may expect to capture rising rental demand as well as potential capital value appreciation in the future.…

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

Sandeep Sethi has been appointed as the division president of JLL’s Work Dynamics for Asia Pacific. This business unit provides clients with services concerning the whole real estate life cycle such as integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience and lease transaction management. Sethi’s role will expand from his current managing director and head of Work Dynamics in West Asia.

He has worked in the corporate sector for over 27 years, which includes 10 years of experience at JLL. During this period, he has been successful in building client relationships, and is currently in charge of 160 million sq ft of office space across 1,500 clients in countries such as India, Sri Lanka, Mauritius, and Bangladesh.

With this promotion, Sethi will now be responsible for the North Asia market as well. His responsibilities include growing JLL’s market share in China and Hong Kong, in addition to providing services to clients. He will be based in Gurgaon, and will report to Susheel Koul, the CEO of Work Dynamics for Asia Pacific.

Koul commented, “Sandeep is an established leader and a respected client advisor with an astute understanding of the dynamic nature of commercial real estate. His appointment reinforces JLL’s commitment to developing and elevating our people to serve our rapidly diversifying client base across Asia Pacific.”

This promotion is evidence of JLL’s commitment to the development of the Work Dynamics business in the region, as well as to their people. This is especially pertinent, as the Asia Pacific region is expecting less in terms of real estate investments for the year 2022, due Bukit Batok EC to interest rate hikes and a cooling sentiment, as reported by JLL.

However, investors in the region remain eager to take advantage of opportunistic deals in 2023, as reported by CBRE. With Sandeep Sethi taking on the role of division president of Work Dynamics in Asia Pacific, JLL looks set to make the most of the prospective investment opportunities that the region has to offer.…

Slow start to 2023 for real estate investment sales amid market uncertainties: Knight Frank

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Singapore’s real estate investment scene got off to a slow start of $4.2 billion in quarter one of 2023, according to global real estate firm Knight Frank. This marked a decrease of 61% year over year compared to 1Q2022’s $10.8 billion and is the lowest quarterly total since 2Q2020, when the government enforced “circuit breaker” measures.

Residential deals amounted to $1.6 billion in the first quarter, including the collective sales of Meyer Park, Bagnall Court and Holland Tower which totalled some $583.8 million. The sale of Holland Tower is the first successful residential en bloc transaction in the Core Central Region (CCR) since property cooling measures were imposed in December 2021, indicating a return of interest for prime location development sites.

However, Chia Mein Mein, Head of Capital Markets (Land & Collective Sale) at Knight Frank Singapore, notes that the en bloc environment remains challenging due to the gulf in price expectations between sellers and developers. From 2021 until now, collective sales have had a success rate of around 33%, compared to the en bloc sales success rate of 63%, during the period of 2017 to 2018.

The commercial market saw minimal action in 1Q2023, with the sale of 39 Robinson Road to Yangzijiang Shipbuilding amounting to $399 million, while Frasers Centrepoint Trust and Frasers Property acquired a 50% stake in Nex for $652.5 million.

Industrial sector investment sales rose 62.8% quarter to quarter to $681.1 million, due to the market turning away from commercial properties and awaiting a repricing of assets. Notable deals in this sector include the acquisition of four Cycle & Carriage properties by M&G Real Estate at approximately $333 million,
and the disposal of 12 and 31 Tannery Lane by Ho Bee Land for $115 million.

Knight Frank predicts the pace of investment activity in Singapore to worsen before improving due to macroeconomic uncertainties and volatility in the global banking sector. Financing is becoming more difficult for buyers, investors, developers, and banks, and will remain so until signs of stabilisation appear in the global economy and financial conditions.

With this in consideration, Knight Frank has amended its projections for full-year investment sales from a range between $22 billion and $25 billion to a range between $20 billion and $22 billion. Investors are likely to remain cautious while they wait for early signs of repricing before making decisions.…

Shipyard at Benoi Road for sale at $11.3 mil

The property at 1 Benoi Road in Singapore is being launched for sale via an expression of interest (EOI) exercise at a guide price of $11.3 million. Located at the junction of Benoi Road and Pioneer Road, within the Jurong Industrial Estate and approximately 24km from the City Centre, it has a site area of over 500,000 sq ft and convenient access to the Ayer Rajah Expressway and Pan-Island Expressway.

The property includes a two-storey office block with a single-storey annexe office, three blocks of single-storey workshop, a mould loft building, a fabrication workshop and wharf, making it suitable for shipbuilding, ship or vessel repair and maintenance. It has a regular shape with a corner frontage of about 255m on Benoi Road and Pioneer Road and an average plot depth of about 213m. To the east, it has a roughly 230m frontage along the waterfront with a generally flat contour.

Joo Koon MRT Station is a five-minute drive away, while housing estates such as Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens are located nearby.

Recent transactions of industrial property on Benoi Road show a 328,105 sq ft plot at 5 Benoi Road being sold in December 2020 at $10.5 million. In February this year, a shipyard with a site area of about 1.5 million sq ft at 55 Gul Road was acquired by ST Engineering for $95 million, which is about a 10-minute drive from 1 Benoi Road.

Isabel It, associate division director of Huttons Asia, asserts that the property is ideal for businesses looking to expand their operations, as a plot of land of such size meant for vessel building or maintenance usage is rarely available for sale.

The sale of the property is however subject to approval from relevant authorities. The EOI exercise for the property will close on April 27 at 3pm.

Given its excellent location, size and potential usage, the property at 1 Benoi Road could spark potential investors’ interest. As such, the market should remain optimistic in the bold venture.

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Check out the latest listings near Benoi Road, Jurong Industrial Estate for more information.…

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

GuocoLand to launch its 605-unit Lentor Modern this Saturday

The 99-year leasehold site located at Lentor Gardens recently drew only one bid from GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group) at the tender which closed today, with a bid of $486.8 million. This translates to a land rate of $985 psf per plot ratio (psf ppr).

A GuocoLand spokesperson shared their vision on this site, “We plan to develop a new high-end residential property with 533 units and childcare facilities of 600 sqm.” The future development will contribute to their goal to transform the Lentor Hills estate, and make it known as a premium residential area.

Mark Yip, the CEO of Huttons Asia said the $958 psf ppr bid is the lowest for a land parcel in the Lentor precinct, and this is the first residential GLS tender to see only one bid since the Silat Avenue GLS site in 2018, won by a consortium led by UOL Group for $1.035 billion. The site was launched as the 1,074-unit Avenue South Residences in September 2019 and is now fully sold.

In September last year, two other residential GLS sites at Lentor were awarded. The Lentor Central was won by a consortium comprising China Communications Construction, Soilbuild Group Holdings and United Engineers, with a bid of $481.03 million ($1,108 psf ppr). Meanwhile, a bid of $276.36 million ($1,130 psf ppr) by TID (a joint venture between Hong Leong Group and Mitsui Fudosan) was the top bid for the Lentor Hills (Parcel B), which can yield 265 units.

A GLS located at Lentor Hills Road (Parcel A) was sold at $586.6 million ($1,060 psf ppr) in January 2022. GuocoLand, Hong Leong Holdings and TID (a joint venture between Hong Leong Holdings and Mitsui Fudosan) developed the 598-unit Lentor Hills Residences from this site, which is expected to be launched soon.

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

According to Yip, bids have been on a downward trend since the launch of the first GLS at Lentor, likely because developers are mindful of the government’s efforts in selling land regularly. Additionally, developers may have been deterred by the cloudy economic outlook and risk of Additional Buyer’s Stamp Duty.

The 1H2023 GLS Programme has two more available sites in the Lentor area; one at Lentor Central with 475 units yield, which is expected to be launched for the tender this month. The other, a 500-unit residential site at Lentor Gardens, is on the Reserved List.

Leonard Tay, head of research at Knight Frank Singapore states that these seven residential sites in Lentor could bring about some 3,500 new units to the area. This would make up around 11,000 new residents in a span of three to six years. The Lentor Gardens site is situated near the Lentor MRT station and connectivity to public transport, recreational facilities such as Thomson Nature Park and Yio Chu Kang Stadium and Sports Complex, as well as the CHIJ St Nicholas Girls’ School, providing potential homebuyers with more convenience.

Steven Tan, CEO of OrangeTee & Tie thinks the launch at Lentor Gardens could see units priced around $1,950 to Luminar Grand $2,050 psf when it eventually does.

GuocoLand has established themselves as a major player in the Lentor Hills estate with their numerous projects (Photo: Samuel Isaac Chua/EdgeProp Singapore)

With this, the Lentor area is set to be transformed in the next few years, making it a prime spot for new and old residents alike.…