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

Shui On Land, a Hong Kong-listed property company, has entered into an agreement with Shanghai Pucheng, a state-owned enterprise, to redevelop Zhaojia Lou Ancient Town in Shanghai, China. Located in Pujiang Town within the Minhang District of Shanghai, the area is well known amongst tourists for its canals and ancient architecture, earning the town an AAAA rating according to Chinese authorities. The rating means the site attracts approximately 500,000 visitors each year.

The area boasts excellent accessibility, being bordered by the Shanghai Shenjiahu Expressway and Shanghai North-South Elevated Road, as well as two subway lines. The two parties have agreed to redevelop land parcels located within Pujiang Town, stretching from Jiageng Road to the east, Yaojia Bang to the south, Huichi Road to the west and Xiaoyan Lake to the north.

The redevelopment of the area will incorporate residential, commercial, and ancillary facilities, in addition to preserving the area’s unique cultural and historical elements. CEO Jessica Wang of Shui On Land shared her enthusiasm for the project, citing the company’s track record in similar projects within the city. Specifically, Wang refers to Shui On’s success with the Panlong Tiandi project as strong evidence of their capabilities for similar tasks.

The Shui On Group, founded by Hong Kong billionaire Vincent Lo, serves as the flagship property development company for Shui On Land. With over thirty years’ worth of development within Shanghai, Shui On Land has extensive experience in master planning, cultural conservation, community operations, and urban regeneration. Wang has little doubt that this joint venture between the two companies will result in the “new landmark of Shanghai” they envision.…

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

A unit at Parc Stevens saw the most profitable condo resale transaction during the week of April 4 to 11, with a 51% profit of $2.65 million achieved. Located on Stevens Drive in District 10, the 3,466 sq ft, five-bedroom unit was purchased by the seller for $5.2 million in April 2007 before being sold for $7.86 million on April 10, 2021. This transaction marks the highest psf-price ever recorded at the development, and the first unit to change hands this year.

The second most profitable transaction was recorded at Yong An Park, a freehold condo in the River Valley area. A four-bedroom unit measuring 3,434 sq ft on the 10th floor was sold for $8.1 million, or $2,359 psf on April 6. The seller had bought the unit for $6.02 million back in March 2012, thus making a gain of $2.08 million (35%) over a holding period of 11 years.

In contrast, the most unprofitable transaction of the week was the sale of a four-bedroom unit at Marina Bay Suites. Bought from the developer for $6.39 million in 2009, the unit was sold for $5.25 million on April 10, 2021, resulting in a loss of $1.14 million (18%) across 13 years. Since January 2021, 24 resale transactions have taken place at the development, out of which 23 have occurred below the purchase price.

Between April 4 to 11, three profitable transactions and one unprofitable one were completed at the above-mentioned developments. All of them showcase the potential for either profits or losses in the real estate market. Therefore, prospective buyers should always assess the market conditions carefully before making a purchase.…

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

, and The Star Vista on since April 14th. Nearly 4000 people have flocked to the sales gallery of Blossoms By The Park. Located at Slim Barracks Rise in one-north, the private condominium features a mix of one- to four-bedroom premium units spread across 275 units and is set to launch on the 29th of April.

Amidst the swarm of visitors, the Managing Director of EL Development, Lim Yew Soon, has observed that they mostly appear to be locals. Prices will start from $1.291 million ($2,352 psf) for a one-bedroom-plus-study unit, while four-bedroom premium units will go for $3.335 million ($2,213 psf). Ken Low, managing partner of SRI, has estimated the average sale price to be within the range of $2,350 to $2,400 psf.

The project is expected to be a hit among buyers and investors, who will be enticed by the strategic location within one-north, the three-minute walk to Buona Vista MRT Interchange Station, the five-minute walk to The Star Vista mall, 1km to Fairfield Methodist School, and a five-minute drive to the much-anticipated Greater Southern Waterfront.

Visitors to the estate stand to benefit from attractive prices, as well as a great location in the heart of one-north. is proud to list the latest listings near Blossoms by the Park and its surrounding areas, so they can stay abreast of all that is happening in the area.

Buying a private property has never been more attractive! With stunning units, amenities and a location that caters to both pleasure and practical needs alike, the Blossoms By The Park is sure to be a hot pick among locals. Do not hesitate to join the crowd at the sales gallery and explore the estate’s vast offerings!…

The Myst Condo at Upper Bukit Timah Road Near to Nature Reserve and Dairy Farm Nature Park

The Myst Condo at Upper Bukit Timah Road Near to Nature Reserve and Dairy Farm Nature Park

The Myst is a residential development opportunity situated in the exclusive Cashew Estate area of Upper Bukit Timah Road, spanning an aggregate site area of 179,007 square feet across two adjacent plots of land at 798 and 800. This is the most recent new launch in the GCBA area since 2010’s Espa condominium project – offering potential purchasers the opportunity to own a piece of property in one of Singapore’s most sought-after neighbourhoods.

For those seeking the perfect blend of modern living and natural beauty, The Myst Condo by CDL is the ideal destination. Located close to numerous parks and nature reserves, including 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 by CDL is the perfect place to live in tranquil surroundings with luxurious amenities.

Living in Upper Bukit Timah presents residents with prime access to some of the most sought-after educational institutions in the area. The Cashew MRT station, which forms a part of the Downtown line, can be reached within a 5-minute walk from the entrance of The Myst. Furthermore, the National University of Singapore is only a stone’s throw away, while both Ngee Ann Polytechnic and Singapore Polytechnic are easily reachable via a 15-minute bus ride. Those on the lookout for a home near top schools can find great options within the area surrounding the Cashew to Bukit Timah MRT stations. Here are some of the notable schools in the area:

The Myst Condo is an outstanding choice for families on the lookout for a convenient and comfy living atmosphere. It is located in Bukit Panjang and offers excellent opportunities for public transportation, shopping and recreation. Thus, The Myst Condo is the ideal solution for individuals who want to enjoy the comfort of a hassle-free living experience.

Botanic Gardens MRT (DT9) is located close to the National University of Singapore (NUS) Bukit Timah Campus. This train station is the perfect starting point for visitors and students to explore the nearby university and other attractions in the area. From here, visitors can enjoy the nearby Botanic Gardens, one of the oldest in the world and a UNESCO World Heritage Site. The area also offers a variety of eateries, shopping opportunities, as well as lush parks and nature reserves. With the MRT station so close to NUS, a convenient and stress-free way to get around the campus is provided

The Myst former Tan Chong Industrial Park is a perfect habitat for those who value eco-friendliness. Its smart design and resourceful utilization render it one of the most environmentally-sound residential complexes in the area. This smart and green property offers a variety of features that make it a great choice for eco-minded individuals. Its efficient use of resources and excellent design make it an outstanding pick for those committed to sustainability.

Bukit Panjang Integrated Transport Hub is a new integrated transport hub located in Singapore, and is the 9th transport hub of its kind in the city-state. Residents of The Myst Condo can take advantage of the nearby Hillion Mall, while those with children can be happy to know that there are many schools in the vicinity, such as the De La Salle School. Moreover, access to all sorts of educational facilities is easy, with a number of international schools also within reach.

The Sixth Avenue MRT station (DT71) is located close to Nanyang Girls’ High School. This station is a major transit hub serving the nearby area, providing residents and visitors with easy access to the school and other attractions. The station is well-connected with on-site buses, taxis, and a fully integrated ticketing system for all commuters. The station also features convenient amenities such as wheelchair and stroller access, bike racks, and ample space for pedestrians. The station is clean and well-maintained, creating a safe and comfortable atmosphere for all. With its convenient location, the Sixth Avenue MRT station is an ideal gateway to the local community and its many attractions. This station is sure to serve travelers and residents alike with a reliable and efficient service.

King Albert Park MRT (OTC) is in close proximity to five renowned educational institutions: Methodist Girls’ School (Primary), Methodist Girls’ School (Secondary), Hollandse School, Swiss School and Singapore Korean International School. These schools provide a great learning environment and are easily accessible from the King Albert Park MRT station.

The Downtown Line (DTL) has improved connectivity within the Central Business District (CBD) zone, enabling swifter travel from Millenia Walk to Marina Bay Sands and City Hall Fringe. Recent additions to the DTL – with the launch of DTL3 – include an extra 21 kilometres of track, providing a direct route to Tampines Regional Centre and Changi Business Park without the need to switch buses. The inauguration of DTL3 brings the total length of the Downtown Line to 42 kilometres – making it Singapore’s longest underground Mass Rapid Transit line with no intermediate stops.

The Myst Condo location boasts convenient access to the rest of the city-state, while providing various amenities within easy reach. CDL can seize the opportunity to take advantage of the green spaces and rejuvenation plans in the neighbourhood to create a residential project that boosts the area and offers tenants a pleasant living experience.

The Myst Condo is a brand new development project launched by City Developments Limited (CDL Aries), the largest non-government-controlled developer in Singapore. Occupying a vast area of 16,620 square metres (178,900 square feet) at 798 and 800 Upper Bukit Timah Road within the Tan Chong industrial park in northwest Singapore, the property has a plot ratio of 2.1 and is zoned for residential use. The developer is thus able to construct a building up to 24-storeys high in this prime location right at the heart of Bukit Panjang and Cashew.

Hillview MRT (DT3) is located near two educational institutions: German European School and St. Francis Methodist School. The German European School offers an internationally accredited curriculum, while St. Francis Methodist School provides an education that focuses on academic excellence and spiritual development. Both schools are easily accessible from the Hillview MRT station, making them popular choices for families living in the area.

Tan Kah Kee MRT Station (DT8), linking National Junior College, Hwa Chong Institution, Hwa Chong International School, and Raffles Girls’ Primary School, is conveniently located in the vicinity. With easy access to the various educational institutions and amenities, this station provides an ideal transit point for those desiring to explore the area. The station itself is designed with modern facilities and amenities, allowing for an enjoyable and reliable commuting experience. In addition, the station is situated in the prime residential area, allowing for quick and easy commuting. With all these benefits, it is no wonder why Tan Kah Kee MRT Station (DT8) is a popular destination for students and locals alike.

Conveniently located near to a variety of medical facilities, The Myst Condo is the perfect choice for residence. Within a short walking distance, dwellers have access to the Bukit Panjang Polyclinic, with a vast selection of healthcare services. Other nearby medical options include the National University Hospital, the Sengkang Clinic, and the Tan Tock Seng Hospital.

If you’re in the market for a spot that’s well-connected, The Myst Condo has you covered. It’s just a quick 30-minute walk to both Bukit Panjang MRT Station and Hillview MRT Station. Also, the closest bus stops are right nearby – Bef Chestnut Avenue, Bukit Panjang Road, and Upper Bukit Timah Road. Plus, Orchard Road and the Central Business District are merely 25 minutes away.

Over the course of the last few years, the city-state has had its eye on the rejuvenation of the Bukit Timah area. These development plans have been devised to improve connectivity and incorporate more green spaces into the neighbourhood. One such plan is the Railway Corridor development near The Myst Condo, which has the aim of transforming the existing railway tracks into an attractive community space. Additionally, there is the Beauty World rejuvenation plan which is targeting the creation of a verdant urban village.

The Myst Condo offers its residents a wealth of amenities and activities, located within easy walking distance. Residents will find a variety of shops, restaurants and services right outside their door. Moreover, Bukit Panjang Plaza is also nearby, offering a plethora of services and entertainment options. Shopping mall, cinema and food court are the most popular attractions in the vicinity.

The Bukit Panjang Integrated Transport Hub, located just a short 5-minute walk away from The Myst Condo, is highly accessible and makes travelling around Singapore a breeze. Residents of The Myst Condo can catch either the Downtown Line or the Bukit Panjang LRT from the transport hub, allowing them to conveniently reach the city centre or get to know the neighbourhood better. In addition, there are also numerous bus services operating from the transport hub that can bring residents to other parts of Singapore.

Living at The Myst Condo, situated near the Bukit Panjang Transport Hub, affords multigenerational families convenience and flexibility. Its location near the Bukit Panjang MRT Station, Segar LRT station, and Bukit Panjang Bus Interchange makes getting to desired destinations an effortless endeavour, with various public transport services at your disposal.

Newton MRT (DT10), one of the Mass Rapid Transit (MRT) stations in Singapore, is located near Anglo-Chinese School (Barker Road). This station serves as a vital link for commuters travelling between the neighbourhoods around Newton Road, Scotts Road, and Orchard Road. Moreover, a handful of eateries and shops can be found nearby, adding to the convenience of commuters. With the addition of the North South Line Extension and Downtown Line 2, commuters from the North can now access the station easily.

The Myst Condo at Bukit Panjang offers an unparalleled luxury living experience which is further enhanced by its incorporation of sustainable features. From rooftop gardens to energy-efficient lighting systems, solar panels to native plants, trees and organic fertilizers, water-efficient irrigation to recreational facilities; all of these components have been thoughtfully designed to create a green and eco-friendly living space. So if you are looking for a modern, luxurious and sustainable dwelling, The Myst Condo at Bukit Panjang is the perfect choice for you.

CDL Aries, with the acquisition of the Upper Bukit Timah site, is ready to make the most of the projects, new plans and rejuvenations being done in The Myst Condo vicinity. This residential development gives Singaporeans and investors the opportunity to own a prestigious and practical address with the potential to attract considerable interest.

Located in the heart of Bukit Timah, The Myst Condo by CDL is a luxurious development surrounded by lush greenery, peaceful nature reserves and a tranquil ambience. With Upper Bukit Timah Road situated nearby, this iconic property offers convenience and easy access to all the city has to offer. Perfect for those who seek a retreat from the hustle and bustle of city life, The Myst Condo by CDL is an ideal destination.

The Downtown Line (DTL) is a groundbreaking addition to Singapore’s mass transit network. With 34 stations, it bridges poorly-connected locations such as Bukit Panjang, Bukit Timah, and Bedok Reservoir, supplying citizens with an easier, more efficient way of travelling. Residents living in the Bukit Panjang to Bukit Timah area can cut their journey into the city centre by up to 30%, while those residing in the east will experience decreased bus trips and more rapid commutes. This fifth MRT line therefore provides convenient, seamless access to the city’s core.

Living in The Myst Condo near to shopping centres has a lot of advantages. Firstly, you don’t have to worry about travelling from store to store to find something you need since a wide variety of products are available just a few steps away. This gives you more free time to do the things you enjoy. Moreover, larger shopping centres have bigger selections of products which you typically can’t find in smaller stores, plus you can get discounts and other benefits. It’s also a great place to hang out with friends and family, and it offers a fun and convenient experience. The Myst Condo is conveniently located near many shopping centres, including Bukit Panjang Plaza, Fajar Shopping Centre, Hillion Mall, Junction 10, Bukit Panjang Hawker Centre, Cashew Village, Senja Cashew Community Centre, and Cashew Heights Shopping Centre, providing a wide range of amenities and products for the residents. With such a convenient location, residents of The Myst Condo can enjoy a comfortable and relaxed lifestyle.

Residents of The Myst Condo are treated to a wealth of outdoor spaces for recreational activities. Just steps away are Bukit Panjang Park, Chestnut Nature Park, and Zhenghua Park, where walkers and cyclists can explore the trails, and children can make use of the playgrounds and other recreational facilities. For a swim, the nearby Bukit Panjang Swimming Complex, which features an Olympic-size pool, is available.

The Myst Condo Upper Bukit Timah Road has also integrated various sustainable features in its landscaping design. This development has been designed with native plants and trees, which are known to be drought-tolerant and require minimal maintenance, so that it can help save resources. Additionally, organic fertilizers and composting systems have been installed, which work to minimize the need for chemicals. Furthermore, a water-efficient irrigation system has been put in place, in order to reduce water consumption.

The Myst of the forest is a great spot to find a sense of tranquility and peace. Its gorgeous scenery, opulent amenities and features, and the calm, quiet atmosphere make it the perfect spot for residents to bask in the beauty of nature. The luxury condominium also offers close proximity to the Bukit Timah Nature Reserve, perfect for exploring through a hike or leisurely stroll.

Beauty World MRT (DT5) serves as the gateway to Bukit Timah Primary School, Pei Hwa Presbyterian Primary School and DIMENSIONS International College (Bukit Timah Campus). It provides convenient access to these nearby educational institutions, making the commute easier and faster for students and staff. The station is also well connected with the Bukit Timah Nature Reserve, providing easy access to the greenery of the region.

Designed to maximize natural light and fresh air, The Myst Condo features floor-to-ceiling windows and balconies. Not only do these maximize ventilation, but they also provide a green space on the balcony where a lush garden can be enjoyed with stunning city views.

The West Region of Singapore covers an area of 25,500 hectares, making it the country’s largest region. Jurong East is the main hub, while the most populous town is Jurong West. The region is home to many of Singapore’s heavy industry giants, including BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell, primarily in the petrochemical sector. To boost its development, the authorities are pushing for the Jurong Lake District and Jurong Innovation District to become Singapore’s second Central Business District. Moreover, the Tuas Mega Port is scheduled to be completed in the 2040s, and is anticipated to be the top container port of the world with an annual capacity of 65 million TEUs.

Set to capitalize upon the many new developments and plans in the up-and-coming residential area of Upper Bukit Timah, CDL Aries has planned to acquire two plots of land for an estimated S$126.3 million ($92.5 million). The move could herald in a new residential project in the area and prove to be a major venture for the development firm. Through the potential of a new condominium tower, Singaporeans and investors alike may be drawn to the project, creating a high demand for it.

The Myst boasts a selection of landscaping features that focus on sustainability. One of these is a rooftop garden, where residents can relax and enjoy nature in a serene atmosphere. Boasting lush foliage, the garden is an oasis that allows city dwellers to take a break from the hustle and bustle of urban living. Furthermore, the garden is furnished with rainwater harvesting systems, enabling it to conserve water and resources.

The Myst Condo is situated in the center of Bukit Panjang, Singapore, taking a short walk to Bukit Panjang Integrated Transport Hub and Hillion Mall. The strategic location of The Myst Condo allows residents to enjoy a variety of conveniences, such as speedy access to transport and numerous shopping and dining options at the mall. All these facilities make The Myst Condo a perfect choice for those seeking a comfortable and convenient home.

The 19-storey Hazel Park Condominium is neighbored by the Tan Chong industrial park, and The Myst Condo is surrounded by a number of schools, shopping centers and parks. In addition, it enjoys convenient access to public transport networks, with the Cashew MRT station on Singapore’s Downtown Line a mere 7-minute walk away, and the old Bukit Timah railway station a 13-minute stroll.

The Myst Condo is located conveniently close to a range of amenities, including Jelapang MRT, Choa Chu Kang MRT and Yew Tee MRT. Furthermore, the condo is just a 10 minute walk to the nearest MRT and to several shopping malls. For those looking to go out for a meal, there are numerous restaurants and shopping outlets located in the vicinity. As an added bonus, the developer also offers a free shuttle bus service to the Bukit Panjang Downtown MRT.

The Myst CDL at Bukit Panjang promises to be an exceptional residential destination that is devoted to providing sustainable and environment-friendly living. Set in the bustling and vibrant city of Singapore, this luxurious property is situated in a serene and verdant environment that fuses together the best of both worlds.

The Myst has been built with energy efficiency in mind, utilizing various green technologies to reduce energy consumption. It is fitted with energy-efficient air conditioning systems, intelligent lighting and motion sensors, and advanced appliances that have been engineered to take up minimal energy. Additionally, the building is outfitted with double-glazed windows and insulation to minimize heat loss and maximize energy efficiency.

For those looking to enjoy nature close by, The Myst Condo by CDL is the ideal spot. Located in the vicinity of several nature reserves and parks, The Myst Condo by CDL is within walking distance of the Singapore Botanic Gardens and Bukit Timah Nature Reserve. This provides an opportunity to enjoy outdoor activities like hiking, biking and bird watching. With its unbeatable proximity to these nature hot spots, The Myst Condo by CDL offers a great chance to experience nature in its full glory.

The Myst CDL at Cashew MRT Station, located in the suburban area of Singapore, is a modern luxury condominium development that is the perfect marriage of modern, luxurious living and sustainable features. It is the ideal choice for those searching for an environmentally friendly living space. Boasting cutting edge and eco-friendly features, the development provides a quality of life that is unparalleled.

The Myst Condo is an ideal location for families, as it is situated close to a variety of different amenities. Schools are easily accessible, allowing children to receive the education they need. Additionally, there are a number of medical facilities, banks, supermarkets and other essential services nearby, so residents always have access to what they need. With this combination of convenience and comfort, the Myst Condo is the perfect place for families to call home.

The Myst CDL provides its residents with a sense of luxury and convenience. All the condos come with spacious balconies, which are perfect for entertaining or simply enjoying the fresh air. The condominium also comes with a 24-hour security system, as well as a concierge service, which makes it easy for residents to access the amenities. The Myst CDL of the forest is designed to deliver a luxurious and comfortable lifestyle to its residents. The condos boast modern amenities such as swimming pool, gym, tennis court, clubhouse, and a sky garden for relaxing with views of the nearby natural landscape. Each condo offers spacious balconies, ideal for entertaining or enjoying the outdoors, and a 24-hour security system and concierge service which facilitates access to the building’s amenities. The Myst CDL provides the perfect blend of luxury and convenience for those seeking a luxurious and comfortable lifestyle.

The Myst Condominium of Bukit Timah Road has long been a much-desired abode in Singapore. Nestled within a pristine tropical paradise of verdant greenery and undulating hills, this luxurious condominium offers its occupants stunning vistas of nature’s beauty. Residents can bask in the tranquil ambience of the surrounding natural environment, providing them with a blissful living experience.

Residents in Hillview can access the tranquil Hillview Park, overlooking the scenic view of the low-rise hills. Although once home to a thriving Chinese cemetery and kampung, today, Hillview is home to various condominiums, terrace houses and bungalows. Bukit Panjang provides an array of recreational activities, such as Kampong Cricket, walking and jogging trails along Sungei Pang Sua, and Zhenghua Park. The district’s shopping focal point is Hillion Mall, a mall situated next to the Bukit Panjang MRT station and full of shops, restaurants, and entertainment establishments.

District 23 is a much sought-after locality among both buyers and renters. Located in the vicinity are Choa Chu Kang, Bukit Batok, Hillview and Bukit Panjang. Its name ‘Choa Chu Kang’ is derived from the Teochew language word ‘kangchu’, which means plantation owners. The town has undergone a major transformation from a kampung to a modern area with well-connected public transport and two malls, Lot One Shoppers’ Mall near the MRT station and West Mall in Bukit Batok.

Tourists can still find the old fruit tree plantations in Choa Chu Kang Park. Bukit Batok is renowned for its scenic landmarks such as Bukit Batok Town Park, Bukit Batok Nature Park, Bukit Batok Hill and Little Guilin. West Mall is a popular shopping center in Bukit Batok that also houses a library, post office, and cinema. Hillview is home to various condominiums, terrace houses, and bungalows. Here, one can access Hillview Park and its tranquil environment which overlooks the rolling hills. Bukit Panjang has a record of recreational activities like Kampong Cricket, walking and jogging trails at Sungei Pang Sua and Zhenghua Park. Hillion Mall, situated next to the Bukit Panjang MRT station, is the district’s shopping hub with a range of shops, restaurants and entertainment establishments.

Located in proximity to The Myst Condo at Bukit Panjang, Zhenghua Nature Park is a great and green buffer to the Central Catchment Nature Reserve. The park is a great spot to spot several diverse bird species, as well as other animals like squirrels, monitor lizards, and long-tail macaques. For those who are out and about, the trails provide a wonderful interplay of challenging and moderate slopes, no matter whether you opt to walk or cycle.

The Cashew Estate provides a tranquil, rural setting for its residents to enjoy. The Rail Corridor, located near the former Tanjong Pagar Railway Station and Kranji MRT Station, is a popular spot for cyclists, joggers, and nature enthusiasts. Those interested can find more information on the upcoming projects, The Reserve Residences at Beauty World and The Botany at Dairy Farm, both of which offer direct access to the Corridor. Not far away is Bukit Timah Nature Reserve, adding to the opportunities to appreciate nature nearby. Living in Cashew Estate brings the perfect balance of indoor and outdoor living, complete with stunning views and peaceful green spaces.

The Myst by CDL is a mid-sized condominium project that promises an exclusive living experience for its residents. Featuring top-of-the-line amenities such as a 50-meter pool, a spacious clubhouse, and tennis courts, it is the perfect home for families with children. Located nearby renowned educational institutions – Bukit Panjang Primary, CHIJ, National University of Singapore, and Ngee Ann Polytechnic – and with easy access to a wide selection of shopping and dining, enrichment centers, and childcare facilities, The Myst has ample to offer. Plus, with the upcoming The Reserve Residence Mall, residents can look forward to even more options for shopping and dining.

Residents of The Myst Condo are just a stone’s throw away from the popular Hillion Mall, a shopping, dining and entertainment hub in Bukit Panjang. With a wide selection of retail stores, food outlets, a cinema and a bowling alley, it is only a 5-minute walk away – giving residents immediate access to all its amenities.

The Myst Condo provides unbeatable convenience for the occupants due to its close proximity to the Bukit Panjang Integrated Transport Hub, which has a plethora of facilities for residents to make use of.

The ideal spot of The Myst gives City Developments Ltd the opportunity to present special amenities for these dwellings. By virtue of its prime placement, an assortment of special features can be offered to potential buyers.

The Myst of the forest is well-known for its almost unbroken view that offers a wide-open view of the neighboring natural environment. From the upper floors of the condominium, one is gifted with the superb sight of Bukit Timah Nature Reserve and its lush green rolling hills. The horizon glides away and leaves one with a profound feeling of serenity and peace.

The Myst Condo by CDL is a luxurious abode that provides an impressive selection of contemporary facilities and amenities. Conveniently situated in close proximity to shopping, dining, and entertainment outlets, the residence offers a comprehensive lifestyle fit for comfort and leisure. An on-site gym, swimming pool, Jacuzzi, and yoga pavilion are all present to ensure an optimum environment for relaxation and unwinding. Other attractions such as a children’s play area, BBQ pits, and a landscaped garden also add to the wonderful offerings of the Myst Condo/

The Downtown MRT also links to the Bukit Panjang Station on the Downtown Line, offering another transportation option. For those driving, the condo is conveniently located near several highways and expressways including the AYE and BKE.

Residents of The Myst Condo are offered a number of transportation choices. Commuters can take advantage of the close proximity to the MRT stations, bus services, and LRT services at the Bukit Panjang Bus Interchange. The developer also provides a free shuttle bus service to the Downtown MRT for added convenience. Additionally, the Downtown MRT links to the Bukit Panjang Station on the Downtown Line, as another transit option. For drivers, the condo is conveniently accessible from several highways and expressways including the AYE and BKE.…

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

Two freehold shophouses are up for sale via Expression of Interest (EOI), located at 5 and 7 Jasmine Road off Upper Thomson Road. The two-storey shophouses have a total area of 3,650 sq ft, with an existing combined floor area of about 3,940 sq ft with a guide price of $10.5 million, or $2,665 psf on the floor area.

The properties are zoned for “residential with commercial at 1st storey” use with a gross plot ratio of 3.0 and building height control of up to four storeys under the 2019 Master Plan. They are just a minute’s walk away from Upper Thomson MRT Station, while Caldecott MRT Station is just one stop away.

The shophouses offer an opportunity for investors to own immediate rental income with future capital appreciation potential in the long term. Alternately, the successful buyer can consider redeveloping the adjoining shophouses into a four-storey residential building.

Being located near numerous amenities and prestigious educational institutions, this is an attractive opportunity. The EOI exercise for the property will close on May 8 at 3pm.

The properties are for sale with existing tenancies and on an “as is where is” basis. ERA Realty Network is the exclusive marketing agent for the shophouses, where Steven Tan, managing director of capital markets and investment sales, comments, “This rare opportunity offers investors a chance to own a pair of freehold shophouses that offer immediate rental income and future capital appreciation potential in the long term.”

Recent transactions of commercial property on Jasmine Road have been completed, and investors can find Singapore commercial properties with the EdgeProp commercial directory. Check out the latest listings near Jasmine Road, Adelphi Park Estate, Upper Thomson MRT Station, Caldecott MRT Station, Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School, Whitley Secondary School for more information.…

Collective sale of Tanjong Katong development relaunched at $63 mil

At a guide price of $63 million, owners of the 26-unit walk-up development at 52 to 62H Tanjong Katong Road have relaunched the property for tender. Boasting a land area of 32,397 sq ft, the four-storey development has the potential to yield up to 45,356 ft of gross floor area upon redevelopment. It could potentially have 49 residential apartments with an average size of 915 sq ft.

The guide price translates to a land rate of $1,401 psf per plot ratio (psf ppr) including an estimated land betterment charge of $530,000. However, this could be lowered to $1,375 psf ppr after factoring in a 7% bonus balcony gross floor area.

The tender for the property closes on May 9 at 2pm. Located within a stone’s throw of Paya Lebar Commercial Hub, 52 to 62H Tanjong Katong Road is a 10-minute drive from the CBD and 500m walk from Paya Lebar MRT Station. Surrounding amenities include shopping malls and recreational facilities such as the Singapore Sports Hub and East Coast Park.

“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,” notes Terence Lian, head of investment sales at Huttons Asia. Tembusu Grand, the 638-unit condominium by City Developments and MCL Land, has seen 53% of units sold at an average price of $2,456 psf during its launch weekend on April 8 and 9.

“We believe that it will be popular with both professionals and young couples who are looking for abundant convenience,” remarks Angela Lim, deputy head of investment sales at Huttons Asia.

Recent transactions of condominiums on Tanjong Katong Road affirm that buyers look to the area for their new homes. With its attractive location, excellent connectivity and wide range of amenities, 52 to 62H Tanjong Katong Road is expected to garner much interest from developers.…

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

The sale of a pair of conservation shophouses located at 6 and 7 Perak Road has recently been announced with a guide price of $13 million. This translates to $2,425 psf on the total floor area, amounting to a total of 5,360 sq ft. The 11.4m-wide properties occupy a land area of approximately 2,870 sq ft, and enjoy a convenient location only a three-minute walk from Rochor MRT Station. With a well-maintained interior and external features, the current owner has reportedly been receiving multiple offers from prospective tenants seeking to rent the premises.

Currently approved for usage as a backpackers’ hostel, the properties may attract interest from investors in the tourism sector eager to tap into the renewed interest for conveniently located accommodation. Furthermore, with the absence of a buyer’s stamp duty payment and the potential for strong rental and capital growth, the shophouses can provide a prospective buyer with a solid investment opportunity.

Gracelynn Zhu of PropNex Shophouse Elites, which is marketing the property, believes the current market conditions could result in a gross rental yield of over 3%. The tender for the property will close at 3pm on May 8.

Recent sales of properties on Perak Road could offer a glimpse into the market of the area. With this in mind, those interested in the shophouses may wish to further investigate the performance of properties in the vicinity. EdgeProp Research Tool is a great place to start for such details.

At the end of the day, the shophouses at 6 and 7 Perak Road are worth considering for those hoping to make a sound investment in the district.…

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

Sandeep Sethi has been appointed as division president of JLL’s Work Dynamics in Asia Pacific. In this role, he will be responsible for all clients across North Asia, in markets such as mainland China, Hong Kong and more. He has extensive management experience, with 10 years of service under JLL and 27 years of diverse corporate experience.

Sethi, based in Gurgaon, is set to report to Susheel Koul, who is JLL’s CEO for Work Dynamics in Asia Pacific. Koul stated that “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”.

Expanding on Sethi’s current portfolio as the Managing Director and Head of Work Dynamics for West Asia, this new role will have him overseeing services delivered to clients and growing JLL’s North Asia market share. This includes integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience and lease transaction management.

In his previous role, Sethi had success in fostering deep client relationships and expanding the business. Over 160 million square feet of office space has been managed across 1,500 client sites in India, Sri Lanka, Mauritius and Bangladesh.

With Sethi at the helm in his new role, the future is looking more promising for the real estate in Asia Pacific. JLL’s commitment to high quality service, development of leaders, and continually diversifying their client base indicates great potential for the industry.​…

Shipyard at Benoi Road for sale at $11.3 mil

An extremely rare opportunity to acquire an industrial property of over 500,000 sq ft with waterfront access has been launched for sale at 1 Benoi Road in Singapore. The site has a guide price of $11.3 million and 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.

The property is situated in the Jurong Industrial Estate, located 24km from the City Centre and located near housing estates such as Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. The Ayer Rajah Expressway and Pan-Island Expressway provide easy access to other parts of the island, and Joo Koon MRT Station is just a five-minute drive away.

According to Isabel It, associate division director of Huttons Asia, the property has a regular shape with a corner frontage of about 255m on Benoi Road and Pioneer Road, with an average plot depth of about 213m. The land is generally at an access-road level with a flat contour and additionally offers an approximately 230m frontage along the waterfront.

Recent sales of industrial property at Benoi Road offers some perspective of the area, with a 328,105 sq ft plot at 5 Benoi Road being acquired in December 2020 at $10.5 million. A larger plot of 1.5 million sq ft at 55 Gul Road, located a 10-minute drive away, was acquired by ST Engineering for $95 million in February.

Such a large plot of land with potential for shipbuilding and vessel repair and maintenance is rarely available for sale. Huttons Asia believes that this is the perfect opportunity for companies intending to expand their business.

The expression of interest exercise for the property will close on April 27 at 3pm, and is subject to approval from relevant authorities. …

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

GuocoLand tops bid for Lentor Central site with $1,204 psf ppr; sets new record for OCR land prices
GuocoLand tops bid for Lentor Central site with $1,204 psf ppr; sets new record for OCR land prices

The 99-year leasehold site for the lentor residential government land sale (GLS) at Lentor Gardens closed today with GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group) submitting a bid of $486.8 million and resulting in a land rate of $985 psf per plot ratio (psf ppr).

“For the Lentor Gardens site, we are envisioning a new high-end residential development with around 533 units, and with 600 sqm of childcare facilities,” says a GuocoLand spokesperson.

Mark Yip, CEO of Huttons Asia, noted that the bid of $958 psf ppr was the lowest for a land parcel in the Lentor precinct, and the first residential GLS tender to have received only one bid since the Silat Avenue GLS site in 2018, which a consortium led by UOL Group won for $1.035 billion.

The Lentor Hills estate could soon be widely known as a premium residential area with the development of three new sites. Last September, Lentor Avenue Central was awarded to a consortium of China Communications Construction, Soilbuild Group Holdings and United Engineers, who submitted a bid of $481.03 million ($1,108 psf ppr). TID (a joint venture between Hong Leong Group and Mitsui Fudosan) was the top bidder for the Lentor Hill (Parcel B), submitting a bid of $276.36 million ($1,130 psf ppr).

GuocoLand purchased the GLS site for $586.6 million ($1,060 psf ppr) in January 2022, with the future 598-unit development in Lentor Hills Residences, developed in collaboration with Hong Leong Holdings and TID, to be launched soon.

Last September, the 605-unit Lentor Modern integrated development was launched and saw 84% of units sold on launch weekend. At current the project is 88% sold at an average price of $2,104 psf.

Yip’s research indicates that bids have been on a decreasing trend since the first Lentor GLS site launch, which may have to do with developers being aware of the amount of land being pushed out for sale, as well as the high possibility of being imposed with additional buyer’s stamp duty if unable to sell all units within five years.

Two more GLS sites in Lentor are available for sale in the 1H2023 GLS Programme, one of which is expected to be launched for tender this month. The sites are expected to yield a total of 945 residential units.

Leonard Tay, head of research at Knight Frank Singapore, believes that all the seven residential sites in Lentor has the potential to bring about a total of 3,500 new units to the area, potentially accommodating 11,000 new resident within a span of three to six years.

The future development at the Lentor Gardens site, being within walking distance of the Lentor MRT station, Thomson Nature Park and Yio Chu Kang Stadium and Sports Complex, should draw potential homebuyers with its accessibility to recreational facilities and schools such as CHIJ St Nicholas Girls’ School.

According to OrangeTee & Tie CEO Steven Tan, the eventual launch at the site could see units priced around $1,950 to $2,050 psf.…