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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.…

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.…

, and The Star Vista on EdgeProp.sg 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. EdgeProp.sg 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!…