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

, or $2,248 psf

The Bukit Batok EC two-storey shophouses, with mezzanine space, located at 6 and 7 Perak Road have been launched for sale via tender with a guide price of $13 million. This works out to a total floor area of 5,360 sq ft at a price of $2,425 psf. The properties occupy a land area of approximately 2,870 sq ft and feature an 11.4m-wide frontage along Perak Road.

Situated in the Jalan Besar/Little India precinct, the shophouses have approval for usage as a backpackers’ hostel and are a three-minute walk from Rochor MRT Station.

Gracelynn Zhu of PropNex Shophouse Elites, which is marketing the property, notes that they are well maintained and require minimal refurbishments. The properties enjoy strong rental demand in a District 8 location which is surrounded by amenities and close to the Bugis area.

Despite this, the vendor is looking to sell the shophouses …

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 in Asia Pacific. As the managing director and head of Work Dynamics for West Asia, Sethi has been instrumental in growing the business and forging deep client relationships for the past 10 years.

In his new role, Sethi is responsible for JLL’s North Asia market and will report to Susheel Koul, JLL’s CEO for Work Dynamics in Asia Pacific. He will be accountable for growing JLL’s North Asia market share in mainland China and Hong Kong.

A seasoned professional with over 27 years of corporate experience, Sethi is well-respected and an astute leader in the commercial real estate field. He is committed to developing and driving JLL’s client base across Asia Pacific.

Commenting on the new elevation, Susheel Koul, JLL’s CEO for Work Dynamics in Asia Pacific said “Sandeep is an established leader and a respected client …

Shipyard at Benoi Road for sale at $11.3 mil

The property located at 1 Benoi Road in Jurong Industrial Estate is now open for submission of an expression of interest (EOI) with a guide price of $11.3 million. This 500,000 sq ft site is ideal for shipbuilding, ship repairs, and vessel maintenance and features a two-storey office block and three single-storey workshop blocks, as well as a mould loft building, a fabrication shop and wharf.

It is situated near housing estates including Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens and is approximately 24km from the City Centre. Accessibility is further eased by Ayer Rajah Expressway and Pan-Island Expressway, with Joo Koon MRT Station located a mere 5 minutes away.

Isabel It, Associate Division Director of Huttons Asia said that the land is generally at an access road level with a flat contour, measuring a corner frontage of 255m on Benoi Road and Pioneer Road, with an …

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

GuocoLand, Hong Leong Group and Singapore’s Intrepid Investments submit top bid of $486.8 mil for Lentor Gardens GLS siteToday, the tender for a residential government land sale (GLS) site at Lentor Gardens closed with just one bid from GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group). The joint venture partners submitted a bid of $486.8 million ($985 psf ppr) for the 99-year leasehold site. According to Mark Yip, CEO of Huttons Asia, the bid “is the lowest for a land parcel in the Lentor precinct” and the first residential GLS tender to see only one bid since the tender for the Silat Avenue GLS site in 2018.

The bid of $486.8 million for the 99-year leasehold site is the lowest for a land parcel in the Lentor precinct. GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group) are the joint venture partners of this residential government land …

The Myst Condo by CDL Aries Located In The Heart of Bukit Panjang at Bukit Timah

City Developments Limited (CDL) Aries, a subsidiary of the largest non-controlled developer in the city-state, has won the rights to develop two adjoining plots at 798 and 800 Upper Bukit Timah Road in northwest Singapore’s Tan Chong industrial park called The Myst. This exceptionally well-placed new development is called The Myst Condo and is located right at the heart of Bukit Panjang and Cashew.

This huge site spans an area of 16,620 square metres (178,900 square feet) and has been zoned for residential use with a plot ratio of 2.1. Meaning the developer is allowed to construct a 24-storey project on the property. Making it the perfect location for a luxurious living space with panoramic views.

In recent years, the city-state has been focusing on refreshing the Bukit Timah area with an array of schemes for developing and enhancing connectivity, as well as adding more green spaces in the …

Review of Staying in Bukit Panjang North West Part of Singapore

Bukit Panjang is a residential town situated in the northwest region of Singapore. It is a peaceful and quiet neighborhood with a mix of modern high-rise apartments and traditional landed houses. The town has numerous amenities, making it a popular choice for residents and tourists alike. In this review, we will discuss what it’s like staying in Bukit Panjang and the things to do and see in the area.

Accommodation

Bukit Panjang has a range of accommodation options for tourists. From budget-friendly hostels to luxury hotels, there is something for everyone. The hotels in Bukit Panjang are mostly situated in the town center, close to the MRT station, and offer easy access to other parts of Singapore. The hotels in Bukit Panjang are reasonably priced, and most offer excellent amenities such as swimming pools, fitness centers, and complimentary breakfast.

Transportation

One of the advantages of staying in Bukit Panjang is …

City Developments Real Estate Developer for Residential and Commericial Properties

City Developments Limited (CDL) is a leading real estate developer based in Singapore, with a strong presence in markets across the globe. With over five decades of experience in the industry, the company has established a reputation for developing high-quality residential, commercial, and hospitality properties that reflect its commitment to sustainability, innovation, and customer satisfaction.

Founded in 1963 by the late Mr. Kwek Hong Png, CDL has since grown to become one of the largest and most respected real estate companies in the world. The company is publicly listed on the Singapore Stock Exchange and is also a constituent of several major stock market indices, including the MSCI Singapore Index and the FTSE Straits Times Index.

CDL’s portfolio of properties includes a wide range of residential, commercial, and hospitality developments, spanning across Singapore, China, Japan, the United Kingdom, Australia, and the United States. Some of the company’s most notable developments …