The Myst Condo is a brand new residential development located in the heart of Bukit Panjang and Cashew, developed by CDL Aries, an affiliate of the largest non-government-controlled developer in Singapore. The property is situated on two adjoining plots at 798 and 800 Upper Bukit Timah Road in northwest Singapore’s Tan Chong industrial park, covering an area of 16,620 square meters (178,900 square feet), and has been zoned for residential use with a plot ratio of 2.1, which means that the developer is permitted to build a project up to 24 storeys in height on the prime plot.

The city-state has been focusing on rejuvenating the Bukit Timah area over the past few years, with multiple development plans aimed at improving connectivity and adding more green spaces in the neighbourhood. For instance, the Railway Corridor development near The Myst Condo will see old railway tracks transformed into a community space, while the Beauty World rejuvenation plan will create a green urban village. The Myst Condo is located near many schools, commercial spaces, and parks, and the Tan Chong industrial park is adjacent to the 19-floor Hazel Park condominium building.

The Myst Condo area is well-connected to public transport networks, with the Cashew MRT station on Singapore’s Downtown Line just seven minutes away, and the old Bukit Timah railway station within a 13-minute walk. With the acquisition of the Upper Bukit Timah site, CDL Aries is in a prime position to take full advantage of the various developments and rejuvenation plans that are being implemented in The Myst Condo area. The developer can create a residential project that provides Singaporeans and investors with a highly sought-after address, thanks to the prestige and convenience of the area.

Moreover, The Myst Condo location allows for easy access to the rest of the city-state, as well as the convenience of having various amenities within walking distance. CDL can also take advantage of the green spaces and rejuvenation plans in the area to create a residential project that enhances the neighbourhood and provides residents with a pleasant living experience. With the potential of a new condominium tower in the up-and-coming residential area of Upper Bukit Timah, CDL Aries is in a prime position to leverage the various development plans in the area to create a residential project that is highly sought-after by Singaporeans and investors alike. The acquisition of the two plots of land for S$126.3 million ($92.5 million) is a move that could be the start of a new residential project in the area, and a major venture for the developer.

Living at The Myst Condo near Bukit Panjang Transport Hub means convenience and flexibility for multigenerational families. The Myst Condo location is close to Bukit Panjang MRT Station, Segar LRT station, and Bukit Panjang Bus Interchange, providing residents with easy access to public transportation services. Bukit Panjang Integrated Transport Hub is the 9th Integrated Transport Hub in Singapore, and The Myst Condo is connected to the nearby Hillion Mall. There are also many schools in the area, including De La Salle School, which is within walking distance of the property. The Myst Condo offers convenient access to all types of educational facilities, including international schools.

Additionally, The Myst Condo is just a 10-minute walk from the nearest MRT station and several shopping malls. Residents can visit nearby restaurants and shopping malls for a meal out. Alternatively, the nearby MRT stations include Jelapang MRT, Choa Chu Kang MRT, and Yew Tee MRT. The developer also offers a free shuttle bus service to the Bukit Panjang Downtown MRT station. The Myst Condo offers an abundance of public transportation options, making it easy to reach both Bukit Panjang MRT Station and Hillview MRT Station within a half-an-hour walk. The closest bus stops are Bef Chestnut Avenue, Bukit Panjang Road, and Upper Bukit Timah Road. Additionally, residents can reach Orchard Road and the Central Business District within 25 minutes.

One of the most appealing aspects of The Myst Condo is its location in the midst of a lush tropical landscape, surrounded by lush greenery and rolling hills. The condominium provides its residents with stunning views of the surrounding nature, including an unobstructed view of the Bukit Timah Nature Reserve and its lush green hills from the upper floors of the condominium. This creates a sense of serenity and peace for residents, making The Myst Condo an ideal place to relax and unwind.

The Myst of the forest is renowned for its luxurious amenities and facilities, designed to provide residents with a feeling of comfort and luxury. The condominium is equipped with modern amenities, including a swimming pool, gym, tennis court, and clubhouse. The condominium also features a sky garden, which is perfect for relaxing and taking in the views of the surrounding nature.

For those who love the outdoors, The Myst Condo provides easy access to the nearby Bukit Timah Nature Reserve, which is ideal for hikes and nature walks. The reserve is home to a diverse array of wildlife, including monkeys, pangolins, and hornbills. Additionally, the reserve is home to some of the oldest and most diverse forests in Singapore, making it a popular destination for nature enthusiasts.

In conclusion, The Myst Condo is an ideal place to live for those looking for a luxurious and convenient lifestyle. Its location in the midst of a lush tropical landscape, combined with its proximity to public transportation and various amenities, makes it an ideal place to call home. With the rejuvenation plans for the Bukit Timah area, The Myst Condo is well-positioned to take advantage of the various developments and create a residential project that enhances the neighbourhood and provides residents with a pleasant living experience.

The Myst Condo is a luxurious residential development situated at the heart of Bukit Panjang, Singapore. Its strategic location offers residents an array of conveniences, including quick access to public transport and proximity to a shopping mall. The Bukit Panjang Integrated Transport Hub, located just a 5-minute walk away, connects with the …

Grade A office rents in the Central Business District of Singapore grew in 1Q2023, but q-o-q growth slowed for the second straight quarter, says JLL (real estate consultancy). According to the research, the average gross effective rent for Grade A office spaces was $11.30 psf per month (psf pm), a slight increase of 1.0% q-o-q. This was lower than the 1.2% q-o-q growth recorded in the previous quarter and marked the first slowdown following five consecutive quarters of growth.

Andrew Tangye, head of office leasing and advisory for JLL Singapore, attributes this easing rental growth to macroeconomic uncertainties which influence demand for office space. Many large space users chose to “press the pause button” on their expansion and relocation plans.

Small-to-medium-sized space occupiers still drove leasing activity in 1Q2023, due to their immediate requirements like new market entrants and space to accommodate new workplace designs and increased hirings. Examples include companies such as German insurer Munich Re and fine wine merchant Corney & Barrow.

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Head of research and consultancy for JLL Singapore, Tay Huey Ying, suggested that despite current hesitance, occupants seized the opportunity to upgrade to better office spaces at new and upcoming completions – due to the lack of Grade A office space. An example, located in the Bugis-Beach Road area, is Guoco Midtown, which received its Temporary Occupation Permit in January and has secured tenants for around 80% of its space in 1Q2023. IOI Central Boulevard Towers, in the Marina Bay financial district, is also estimated to have 45% of its space pre-committed or under advanced negotiation – due for completion in 3Q2023.

Tay believes demand for office space will remain muted, but leasing activity for recent or soon-to-be completed projects is expected to regain some traction. She anticipates backfilling of spaces vacated by relocating occupiers could take a little longer, keeping rent growth modest, if at all, for the rest of the year.

Tangye forecasts that rental growth in the CBD will accelerate post-2024, fuelled by a dip in new completions and a return in demand as the economic situation improves. With rent growth slightly subdued for the time being, and a few projects due for completion in the next two years, he believes that now is a good time for occupied, particularly large space users, to take advantage of the market situation.…

, Singapore

A six-storey Boat Quay Shophouse located at 52 Boat Quay has been sold for a staggering $37 million, a gain of $16 million for the seller. The Savills Singapore team brokered the deal. With an estimated total built-up area of approximately 6,446 sq ft, Nestled on a 1,119 sq ft site, the shophouse underwent a massive renovation in 2015, resulting in a modern and well-equipped commercial space.

Based on caveats lodged, the seller purchased the property back in June 2018 for $21.35 million. The property houses an Italian restaurant, Braci,on the top two floors and an Izakaya bar on the ground floor. It also has corporate office tenants on the second and fourth floor.

Yap Hui Yee, Executive Director of Investment Sales and Capital Markets at Savills Singapore who helped broker the deal, reported a “significant” interest in the property, highlighting the demand for high-quality commercial shophouse properties located in prime locations. Strikingly, shophouse properties in the Boat Quay precinct are typically tightly held, making this a rare chance to acquire a high-value, flagship property in the Central Business District area.

Recent transactions of commercial properties near and near 52 Boat Quay has further solidified the potential of the area. For those looking to invest in the area, there are plenty of listings to choose from.

The Boat Quay Shophouse sale marks yet another success for the Singapore property market pandemic. Despite the challenges of the pandemic, the property market remains vibrant and lucrative.…

Bukit Panjang, a residential town in the western region of Singapore, offers an array of advantages to its residents. Its well-connected public transportation system, including the Bukit Panjang Integrated Transport Hub and the Downtown Line, has made it an attractive place for both Singaporeans and expatriates to live in. This article will explore the many benefits of residing in Bukit Panjang, with a focus on the convenience and accessibility provided by its Integrated Transport Hub and the Downtown Line.

Seamless Connectivity: Bukit Panjang Integrated Transport Hub

The Bukit Panjang Integrated Transport Hub, officially opened in 2017, is a state-of-the-art facility that brings together the LRT, MRT, and bus services in one centralized location. This hub provides residents with unparalleled access to various parts of Singapore, making daily commutes and traveling around the city a breeze.

Key benefits of the Integrated Transport Hub include:

Reduced travel times: With direct connections between the LRT, MRT, and bus services, residents can enjoy shorter and more efficient commutes.
Convenience: Multiple transportation options under one roof ensure a hassle-free travel experience for residents.
Accessibility: The hub is easily accessible to those living in Bukit Panjang and the surrounding areas, making it a valuable asset for the community.

Expansive Reach: Downtown Line

The Downtown Line, Singapore’s longest underground and driverless MRT line, spans 42 kilometers and has 34 stations. It connects Bukit Panjang to the central business district, Marina Bay, and other key areas of the city. This extensive rail network offers several benefits to Bukit Panjang residents, such as:

Easy access to the central business district: The Downtown Line links Bukit Panjang directly to the city’s central business district, allowing residents to easily commute to work or enjoy the amenities in the downtown area.
Enhanced connectivity to other MRT lines: The Downtown Line intersects with other major MRT lines, such as the North-South Line, East-West Line, Circle Line, and North-East Line. This interconnectivity greatly benefits residents who require seamless transfers for their daily commutes.
Time savings: The Downtown Line offers a faster alternative to the traditional bus routes, reducing travel time for commuters.

Economic Benefits

The improved connectivity brought about by the Integrated Transport Hub and the Downtown Line has boosted Bukit Panjang’s attractiveness as a residential area. As a result, property values in the region have experienced steady growth, which is beneficial for homeowners and investors. Additionally, the enhanced transportation options have attracted businesses and commercial developments, creating job opportunities for residents and further invigorating the local economy.

Quality of Life Improvements

The efficient public transportation system in Bukit Panjang contributes to an overall improvement in the quality of life for its residents. With shorter and more convenient commutes, individuals can spend more time with their families, engage in leisure activities, and pursue personal interests. The ease of travel also encourages residents to explore other parts of Singapore, fostering a greater appreciation for the city’s diverse cultural offerings.

Environmental Benefits

The widespread use of public transportation in Bukit Panjang, facilitated by the Integrated Transport Hub and the Downtown Line, has a positive impact on the environment. By reducing the number of private vehicles on the roads, greenhouse gas emissions are lowered, contributing to cleaner air and a healthier living environment.…

Bukit Timah Road is one of the most sought-after residential areas in Singapore, offering an unparalleled living experience for its residents. This 25-kilometer-long road is home to several prestigious neighborhoods, lush green spaces, and a wide array of amenities, making it an ideal choice for both families and individuals seeking a comfortable and convenient lifestyle. In this article, we delve into the numerous benefits of staying in Bukit Timah Road, ranging from its strategic location and transportation links to its rich heritage and exceptional educational institutions.

1. Strategic Location and Accessibility

One of the primary benefits of staying in Bukit Timah Road is its strategic location, which provides easy access to various parts of Singapore. The road stretches from Little India in the east to Upper Bukit Timah in the west, connecting residents to the Central Business District (CBD), Orchard Road shopping belt, and other key commercial areas in the city.

Bukit Timah Road is also well-served by an extensive network of public transportation, including several MRT stations along the Downtown Line. This makes commuting to other parts of the island a breeze, allowing residents to enjoy seamless connectivity and convenience.

2. Proximity to Renowned Educational Institutions

Bukit Timah Road is home to some of Singapore’s most prestigious educational institutions, making it an ideal location for families with school-going children. From renowned primary and secondary schools to esteemed tertiary institutions, the area offers a diverse range of educational opportunities that cater to various needs and preferences.

Notable schools in the vicinity include Nanyang Primary School, Raffles Girls’ Primary School, Hwa Chong Institution, and National Junior College, among others. For higher education, residents can easily access the National University of Singapore (NUS), Singapore Management University (SMU), and Singapore University of Social Sciences (SUSS).

3. Vibrant Lifestyle and Recreational Options

Staying in Bukit Timah Road offers residents a vibrant lifestyle with a myriad of recreational options at their disposal. The area boasts several shopping malls, such as Bukit Timah Shopping Centre, Beauty World Centre, and The Grandstand, which cater to a wide range of retail, dining, and entertainment needs.

Additionally, Bukit Timah Road is known for its diverse culinary scene, offering an eclectic mix of local and international cuisines. From popular hawker centers like Adam Road Food Centre to upscale restaurants and cafes, residents are spoilt for choice when it comes to dining options.

4. Lush Greenery and Nature Reserves

One of the most alluring aspects of staying in Bukit Timah Road is its proximity to an abundance of lush greenery and nature reserves. The area is home to Bukit Timah Nature Reserve, a 163-hectare green oasis that houses Singapore’s highest hill, Bukit Timah Hill, and more than 40% of the island’s native flora and fauna.

Residents can also enjoy easy access to the Singapore Botanic Gardens, a UNESCO World Heritage Site, which offers a tranquil escape from the bustling city life. With numerous walking trails, themed gardens, and recreational facilities, these green spaces provide a serene environment for residents to unwind and connect with nature.

5. Rich Heritage and Cultural Landmarks

Bukit Timah Road is steeped in rich heritage and history, offering residents a unique living experience that blends modernity with tradition. The area is home to several cultural landmarks, such as the Former Ford Factory, which played a significant role during World War II, and the iconic Railway Bridge, a remnant of the historic Keretapi Tanah Melayu (KTM) railway line.

Moreover, the nearby Kampong Glam and Little India neighborhoods provide a fascinating glimpse into Singapore’s multicultural heritage. With their vibrant streets, colorful shophouses, and historic landmarks, these districts offer a treasure trove of cultural experiences for residents to explore and appreciate.

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City Developments Limited (CDL) is a renowned real estate developer that has left an indelible mark on the property development industry. Founded in 1963, CDL has built an impressive portfolio of residential, commercial, and integrated developments across various regions, including Asia, Europe, and the Americas. As a leading property developer, CDL is dedicated to crafting innovative, sustainable, and high-quality properties that cater to the diverse needs of the market. In this article, we explore the factors that contribute to CDL’s success and its commitment to sustainable property development.

1. Innovative and Sustainable Design

CDL has earned a reputation for embracing innovation and sustainability in its property developments. The company constantly seeks to integrate cutting-edge technologies and green features into its projects, ensuring that they adhere to the highest environmental standards. By incorporating eco-friendly design elements and state-of-the-art construction methods, CDL creates properties that are not only visually stunning but also energy-efficient and environmentally responsible.

One of CDL’s iconic projects that embodies this commitment to sustainability is the Tree House condominium in Singapore. This development features the world’s largest vertical garden, which spans 24,638 square feet and helps to reduce the building’s overall energy consumption. The vertical garden acts as a natural insulation barrier, lowering the indoor temperatures and reducing the need for air-conditioning. This innovative design feature has earned Tree House numerous accolades, including the Green Mark Platinum Award by the Building and Construction Authority (BCA) of Singapore.

2. Focus on Quality and Customer Satisfaction

CDL’s commitment to delivering high-quality developments is evident in the meticulous attention to detail that goes into every aspect of its projects. The company prides itself on its ability to provide residents with a luxurious and comfortable living experience. To achieve this, CDL consistently exceeds industry standards in terms of design, construction, and after-sales services.

The developer’s dedication to customer satisfaction is further exemplified by its robust after-sales support system. CDL offers a dedicated customer service team that addresses residents’ concerns and queries promptly, ensuring that their needs are met in a timely and efficient manner. This commitment to quality and customer satisfaction has helped CDL garner numerous industry awards and maintain a loyal customer base.

3. Diversification and Global Expansion

CDL has strategically diversified its portfolio over the years, venturing into various property sectors such as residential, commercial, hospitality, and integrated developments. This diversification has allowed the company to tap into new markets and withstand economic fluctuations, providing a steady stream of revenue.

In addition to diversifying its property portfolio, CDL has also expanded its geographical reach, establishing a presence in key markets across Asia, Europe, and the Americas. This global expansion has enabled CDL to gain valuable insights into different property markets, allowing it to tailor its developments to cater to the unique needs and preferences of each region.

4. Strong Financial Performance and Corporate Governance

CDL’s strong financial performance and prudent management strategies have contributed to its success in the property development industry. The company consistently generates healthy returns on its investments, which has helped to bolster its financial position and support its growth initiatives.

Moreover, CDL adheres to high standards of corporate governance, ensuring that its business operations are transparent and accountable. The company’s commitment to ethical business practices has not only earned it the trust of its stakeholders but also contributed to its long-term success.

5. Community Engagement and Corporate Social Responsibility

CDL recognizes the importance of giving back to the community and actively participates in various corporate social responsibility (CSR) initiatives. These initiatives are aimed at enhancing the quality of life for the communities in which CDL operates and promoting sustainable development.

Some of CDL’s notable CSR efforts include its support for environmental conservation, educational programs, and community development projects. The company’s environmental initiatives focus on reducing its carbon footprint, promoting biodiversity, and conserving resources. CDL has also established partnerships with various educational institutions and non-profit organizations to provide scholarships and support programs that empower underprivileged youths.

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