Two freehold adjoining shophouses located in the Jasmine Road area of Upper Thomson Road, Singapore, have been put up for sale via an expression of interest (EOI). The two-story shophouses have a combined floor area of around 3,940 sq ft and combined site area of 3,650 sq ft, with a gross plot ratio of 3.0 and a building height control of four storeys in accordance with the 2019 Master Plan.

Steven Tan, managing director of the ERA Realty Network, the exclusive marketing agent for the shophouses, states that this is an exceptional opportunity for investors to acquire a pair of freehold shophouses, providing both immediate rental income and long-term capital appreciation. Alternatively, the successful buyer has the choice to redevelop the properties into a four-storey residential building with commercial space on the first storey, if approvals are granted.

The shophouses are situated in close proximity to Thomson Plaza shopping mall and Adelphi Park Estate, a landed-housing enclave. They are well-connected via major roads and expressways, such as Upper Thomson Road, Lornie Road, Braddell Road, Marymount Road and the Pan Island Expressway, as well as being within one minute’s walk of the Upper Thomson MRT Station and one stop away from Caldecott MRT Station (an interchange with the Circle Line).

Surrounding amenities are abundant and include various popular eateries and cafes along Upper Thomson Road, Sin Ming Plaza and Junction 8 shopping mall. Additionally, several prestigious educational institutions, such as Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School and Whitley Secondary School, are within a 1-2km radius.

The EOI exercise for the property will close on 8th May at 3pm, with the properties being sold in an “as is where is” basis with existing tenancies. The guide price for the shophouses is $2,665 psf on the floor area, which comes to a total of $10.5 million.

For potential buyers, this is a rare chance to be a part of prime real estate in the bustling neighbourhood of Upper Thomson. With the promise of immediate returns and prospects of future capital appreciation, this venture brings with it plenty of exciting opportunities.…

At 52 to 62H Tanjong Katong Road in Singapore, a 26-unit walk-up development has been relaunched for tender at a guide price of $63 million. This property was initially put up for collective sale last July with an indicative price of $65.5 million, but received multiple offers below the asking price.

The entire land area for this four-storey development is 32,397 ft. According to the 2019 Master Plan, it has a residential zoning with a 1.4 gross plot ratio. That translates to a potential 45,356 ft of gross floor area being generated with construction, potentially leading to around 49 residential apartments with an average size of 915 sq ft.

Including an estimated land betterment charge of $530,000, the guide price amounts to a land rate of $1,401 psf per plot ratio (psf ppr). However, if factoring in a 7% bonus balcony gross floor area, the rate goes down further to $1,375 psf ppr.

Tanjong Katong Road is a highly sought-after location by those looking to purchase a new home in District 15. This is partially due to the success of Tembusu Grand, a condo developed by City Developments and MCL Land, boding well for the collective sale of this 9,999-year Tanjong Katong Road site. Located close-by, 53% of its 638 units have been sold at an average price of $2,456 psf.

The 52 to 62H property is only a 10-minute drive away from the city centre and a 500m walk away from the Paya Lebar MRT Station. There are numerous surrounding amenities for recreation, shopping, and food and beverage, such as PLQ mall, i12, Parkway Parade, the Singapore Sports Hub and East Coast Park, as well as the Katong and Joo Chiat areas.

Terence Lian, head of investment sales at Huttons Asia, notes that this walk-up development has a great appeal for professionals and young couples seeking convenient access to the City Hall Interchange and Paya Lebar Commercial Hub.

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

Two conservation-style shophouses located at 6 and 7 Perak Road in Singapore have been listed for sale at a guide price of $13 million. The total floor area is approximately 5,360 sq ft, meaning the price works out to $2,425 psf. Boasting a mezzanine space with a 11.4m-wide frontage and a 2,870 sq ft land area, the two-storey property was approved as a backpackers’ hostel and sits near the Rochor MRT Station in the Jalan Besar/Little India precinct.

Conditioned in excellent condition, this property could stand to benefit from minimal refurbishment and is primed for either business or personal use. Marketed by PropNex Shophouse Elites, the vendor is offering vacancy possession with the shophouse, allowing the the new owner to decide which type of tenant profile would suit them best.

It’s likely this property will have keen interest from investors, as it is believed it could afford a gross rental yield of over 3%. Plus, being zoned for commercial use, no additional buyer’s stamp duty is payable on the purchase of the properties.

An important factor to consider with this property is the current and expected recovery of the tourism sector post-pandemic, given the shophouses location in a popular area and its potential usage as a hostel. Interested parties have until May 8 at 3pm to submit their tender.

With a potential of strong rental and capital growth, this property may attract strong interest given its enviable location and desirability. Interested in finding out more? Consult the experts at PropNex Shophouse Elites to begin the journey towards you owning a piece of Singapore.…

Sandeep Sethi has been appointed division president of JLL’s work dynamics business unit in Asia Pacific. He will be responsible for providing integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience and lease transaction management to occupiers. In addition, he will be overseeing services delivered to clients, and accountable for growing JLL’s market share in North Asia, including mainland China and Hong Kong.

Prior to this appointment, Sethi was managing director and head of work dynamics for West Asia. He has 27 years of diverse experience in the corporate sector, out of which 10 have been with JLL. During this time, he has built deep client relationships and grown the business to become the largest occupier business in West Asia, managing over 160 million sq ft of office space at 1,500 client sites in India, Sri Lanka, Mauritius and Bangladesh.

Sethi will report to Susheel Koul, JLL’s CEO for work dynamics in Asia Pacific. Koul expressed his confidence in Sethi’s ability to lead the business in Asia Pacific, citing his astute understanding of the dynamic nature of commercial real estate and his established leadership abilities.

The appointment of Sethi further reinforces JLL’s commitment to developing and elevating people to serve their diversifying client base across Asia Pacific.…

Located at the junction of Benoi Road and Pioneer Road, within Jurong Industrial Estate, is the property at 1 Benoi Road, now open for sale via an expression of interest (EOI) exercise, with a guide price of $11.3 million. Sitting on a site area of over 500,000 sq ft and boasting waterfront access, the property is suitable for shipbuilding, ship or vessel repair and maintenance and other purposes.

The land is at an access-road level with a flat contour and has a corner frontage of 255m on Benoi Road and Pioneer Road, with an average plot depth of about 213m. To its east, the land has a roughly 230m frontage along the waterfront.

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. It is approximately 24km from the City Centre, and is near housing estates such as Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens, where the nearby Ayer Rajah Expressway and Pan-Island Expressway aid in access to other parts of the island. Joo Koon MRT Station is five minutes away.

Recent transactions of industrial properties on Benoi Road suggest that the last sale, of similar usage at 5 Benoi Road, was at a 328,105 sq ft plot in December 2020 at $10.5 million. Additionally, in February, ST Engineering acquired an existing shipyard with a site area of about 1.5 million sq ft at 55 Gul Road.

The sale of 1 Benoi Road is subject to approval from relevant authorities, and the EOI exercise will close on April 27 at 3pm. It is a great opportunity for companies looking to expand their business, as a plot of land of such size meant for vessel building or maintenance usage is rarely available for sale.

So, if you’re in the market for industrial property at Benoi Road, Jurong Industrial Estate, don’t miss this one.…

The tender for the 99-year leasehold residential government land sale (GLS) site at Lentor Gardens saw 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, translating to a land rate of $985 psf per plot ratio (psf ppr). This was the lowest bid for a land parcel in the Lentor precinct since the tender for the Silat Avenue GLS site in 2018, which was awarded to a consortium led by UOL Group for $1.035 billion.

The two previous Residential GLS sites in Lentor were awarded last September. Those were the Lentor Central, which was sold to a consortium of China Communications Construction, Soilbuild Group Holdings and United Engineers for $481.03 million ($1,108 psf ppr) and the Lentor Hills (Parcel B) which was awarded to TID (a joint venture between Hong Leong Group and Mitsui Fudosan) for $276.36 million ($1,130 psf ppr), which can yield 470 and 265 units respectively.

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

GuocoLand’s launch of Lentor Modern last September was a huge success, with 84% of the units sold on launch weekend and now the integrated development is 88% sold at an average price of $2,104 psf. GuocoLand purchased the GLS site for $784.1 million ($1,204 psf ppr) in July 2021.

Mark Yip, CEO of Huttons Asia, notes that since the launch of the first GLS site at Lentor, bids have been on a downward trend. This is likely due to the negative economic aspects and Additional Buyer’s Stamp Duty Risks the developers may face if they are unable to sell all the units within five years.

Two more GLS sites at Lentor are available for sale under the 1H2023 GLS Programme. The 475-unit site at Lentor Central is expected to be launched for tender this month, while the 500-unit residential site at Lentor Gardens is on the Reserved List.

Leonard Tay, head of research at Knight Frank Singapore, says that when all seven sites are sold, they could bring a potential of 3,500 units to the Lentor area which would translate to almost 11,000 new residents.

The Lentor Gardens site, which is within walking distance of the Lentor MRT station, Thomson Nature Park and Yio Chu Kang Stadium and Sports Complex, is also about 1km from CHIJ St Nicholas Girls’ School.

The 530-unit residential site could see units priced around $1,950 to $2,050 psf when launched according to Steven Tan, CEO of OrangeTee & Tie.

Check out the latest listings near Lentor Gardens, Lentor Central, Lentor Hills Residences, Lentor Modern, Lentor MRT station, CHIJ St Nicholas Girls’ School is today’s closing of the residential GLS site at Lentor Gardens. The site drew just one bid from GuocoLand and Intrepid Investments at $486.8 million ($985 psf ppr). This was the lowest bid for a land parcel in the Lentor precinct since the tender for the Silat Avenue GLS site in 2018.

Lentor Central was sold to a consortium of China Communications Construction, Soilbuild Group Holdings and United Engineers for $481.03 million ($1,108 psf ppr) and the Lentor Hills (Parcel B), was awarded to TID (a joint venture between Hong Leong Group and Mitsui Fudosan) for $276.36 million ($1,130 psf ppr).

Further, the Lentor Hills Road (Parcel A) GLS site was sold for $586.6 million ($1,060 psf ppr). The 598-unit Lentor Hills Residences – a GuocoLand, Hong Leong Holdings and TID (a joint venture between Hong Leong Group and Mitsui Fudosan) development – is expected to launch soon.

GuocoLand’s launch of Lentor Modern integrated development recorded an impressive 88% sold at an average price of $2,104 psf after they purchased the GLS site for $784.1 million ($1,204 psf ppr) in July 2021.

Two further GLS sites are available for sale under the 1H2023 GLS Programme: a 475-unit site at Lentor Central and a 500-unit residential site at Lentor Gardens. When all seven sites are sold, they could bring a potential of 3,500 units to the Lentor area which would translate to almost 11,000 new residents.

Potential homebuyers will be drawn by the Lentor Gardens site’s connectivity to public transport and recreational facilities, as well as its proximity to CHIJ St Nicholas Girls’ School. Units could be priced around $1,950 to $2,050 psf when launched.

All in all, the Lentor area is set to be transformed with abundant new residences and a whole new community of residents.…

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 Downtown Line and Bukit Panjang LRT, making commuting around the island convenient. Additionally, Hillion Mall, a popular shopping, dining, and entertainment destination in Bukit Panjang, is located just a short 5-minute walk from the condominium.

Aside from these amenities, The Myst Condo is also located near schools, medical centers, banks, supermarkets, and other essential services, making it a great place for families to stay. Its location in the midst of a lush tropical landscape, surrounded by lush greenery and rolling hills, provides residents with stunning views of the surrounding nature. The Bukit Timah Nature Reserve, just a short distance away, offers a diverse array of wildlife, making it an ideal destination for nature enthusiasts.

What sets The Myst Condo apart is its emphasis on sustainability, incorporating a variety of landscaping features that promote eco-friendliness. The development is equipped with a rooftop garden that provides residents with the opportunity to enjoy nature in a tranquil and relaxing environment. The garden is filled with lush vegetation, giving residents the means to escape the hustle and bustle of city life. Additionally, the garden is equipped with rainwater harvesting systems, which help to reduce water consumption and conserve resources.

The Myst Condo Upper Bukit Timah Road has also implemented a number of sustainable features in its landscaping design. The development is equipped with native plants and trees that are drought-tolerant and require minimal maintenance. Additionally, the development has incorporated organic fertilizers and composting systems that help to reduce the need for chemical fertilizers. Furthermore, the development has implemented a water-efficient irrigation system that helps to reduce water consumption.

District 23, which encompasses Choa Chu Kang, Bukit Batok, Hillview, and Bukit Panjang, is a desirable location for both buyers and renters. Choa Chu Kang is known for its plantation owners, as the word “kangchu” refers to them in the Teochew language. The town has transformed from a kampung to a modern neighborhood, with two shopping malls and well-connected public transportation. Bukit Batok is renowned for its natural landmarks such as Bukit Batok Town Park, Bukit Batok Nature Park, Bukit Batok Hill, and Little Guilin, which resembles Guilin in China and offers a view of towering granite rocks surrounded by a lake. West Mall is the main shopping center in Bukit Batok and houses a public library, post office, and cinema.

The West Region of Singapore, with a land area of 25,500 hectares, is the largest of the five regions. Jurong East is the regional center, while Jurong West is the most populated town. The West Region is home to many of Singapore’s heavy industry companies, including international players like BP, ExxonMobil, DuPont, Mitsui Chemicals, and Shell, primarily in the petrochemical sector. The government has plans to further develop the West Region, with the aim of turning the Jurong Lake District and Jurong Innovation District into Singapore’s second Central Business District. Furthermore, the Tuas Mega Port, set to be completed in the 2040s, is expected to become the world’s largest single container port, with an annual capacity of 65 million TEUs.

The Downtown Line (DTL) offers a convenient alternative for commuting, connecting people across the city and providing seamless access to the central core. The line has shortened the journey for residents in the Bukit Panjang to Bukit Timah area into the city by up to 30%, while those living in the east benefit from fewer bus trips and quicker commutes.

The Myst Condo is a new development located in Tan Chong Industrial Park, northwest Singapore’s Bukit Panjang and Cashew areas. CDL Aries, an affiliate of the largest non-government-controlled developer in the city-state, has secured the rights to two adjoining plots at 798 and 800 Upper Bukit Timah Road for the development of The Myst CDL. This 16,620 square metre property is zoned for residential use, with a plot ratio of 2.1, and the developer is permitted to build a project up to 24-storeys in height on the prime plot.

The Bukit Timah area has been undergoing revitalization with multiple development plans to improve connectivity and add more green spaces in the neighbourhood. The Myst Condo is situated near the Railway Corridor development, where old railway tracks will be transformed into a community space, and the Beauty World rejuvenation plan aimed at creating a green urban village. The acquisition of the Upper Bukit Timah site by CDL Aries positions the developer to take full advantage of the various developments and rejuvenation plans being implemented in the area.

The Myst Condo location provides easy access to the rest of the city-state, as well as the convenience of having various amenities within walking distance. CDL can 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.

The Myst Condo of the forest at Bukit Timah Road is renowned for its unobstructed view of the surrounding natural landscape. From the upper floors of the condominium, one can enjoy an unrivaled view of the Bukit Timah Nature Reserve and its lush green hills, providing a sense of serenity and peace. The Myst Condo is designed to provide residents with a feeling of luxury and comfort, equipped with modern amenities and facilities, such as a swimming pool, gym, tennis court, and a clubhouse. The development also features a sky garden, which is perfect for relaxing and taking in the views of the surrounding nature.

The Myst CDL of the forest is a perfect place to relax and unwind, with its beautiful views, luxurious amenities and facilities, and the sense of serenity and peacefulness it provides. This luxurious condominium also provides its residents with easy access to the nearby Bukit Timah Nature Reserve, which is ideal for hikes and nature walks.

Overall, The Myst Condo is a highly sought-after address in Singapore, thanks to its strategic location, convenience, and luxury features. The development provides residents with an array of conveniences, including quick access to public transport, proximity to a shopping mall, schools, medical centers, banks, supermarkets, and other essential services. The emphasis on sustainability in the landscaping design makes The Myst Condo an ideal choice for anyone seeking a green and eco-friendly living space. The condominium’s views of the surrounding natural landscape provide a sense of serenity and peace, while the luxurious amenities and facilities make it a perfect place to relax and unwind.

The Downtown Line (DTL) in Singapore has been a game-changer for the Central Business District (CBD) zone, providing faster connectivity between Millenia Walk, Marina Bay Sands, and City Hall Fringe. The recent addition of DTL3 has extended the line by 21 km, offering a direct connection to Tampines Regional Centre and Changi Business Park without requiring a bus transfer. With the extension, the Downtown Line has become Singapore’s longest underground MRT line with no intermediate stops, enhancing transportation options for residents.

City Developments Ltd (CDL) has recently launched The Myst CDL, a mid-sized condominium project located in the Bukit Panjang region of Singapore. The development features world-class facilities and amenities, including a 50-meter pool, spacious clubhouse, and tennis courts. It is an ideal living option for families with children due to its proximity to well-known educational institutions such as Bukit Panjang Primary, CHIJ, National University of Singapore, and Ngee Ann Polytechnic. The location also provides easy access to a variety of shopping and dining options, enrichment centers, and childcare facilities, thanks to its proximity to popular malls such as Hillion Mall, Bukit Panjang Plaza, HillV2, The Rail Mall, and the upcoming The Reserve Residence Mall.

The Myst occupies two adjacent plots of land at 798 and 800 Upper Bukit Timah Road, with an aggregate site area of approximately 179,007 square feet. Its location near the Cashew Estate offers potential buyers the opportunity to own a property in one of Singapore’s most sought-after Good Class Bungalow Areas (GCBA). The last new launch in the area was the Espa condominium project, which was completed in 2010.

The prime location of The Myst CDL at Bukit Panjang has allowed City Developments Ltd to offer unique features for these properties. The development is committed to providing sustainable and green living, making it an ideal choice for eco-conscious residents. Its smart design and efficient use of resources make it one of the most sustainable residential properties in the region.

The building is equipped with energy-efficient air-conditioning systems, intelligent lighting and motion sensors, and top-of-the-line appliances designed to use minimal energy. The building also features double-glazed windows and insulation to minimize heat loss and maximize energy efficiency. The Myst Condo is designed to make the most of natural light and ventilation, with floor-to-ceiling windows and balconies that maximize natural light and ventilation. The balcony also serves as a green space, with a lush garden that offers beautiful views of the city.

The development offers its residents access to a wide range of amenities and activities. There are a variety of shops, restaurants, and other services located within walking distance of the property. Residents can also take advantage of the nearby Bukit Panjang Plaza, which offers a variety of services and entertainment options, including a cinema and food court. The Myst Condo is also located close to several parks and recreational areas, including Bukit Panjang Park, Chestnut Nature Park, and Zhenghua Park. Residents can explore the trails for walking and cycling, as well as enjoy playgrounds and other recreational facilities. The nearby Bukit Panjang Swimming Complex features an Olympic-size pool, making it a popular attraction.

The Myst Condo provides its residents with a number of transportation options. Residents can take advantage of the nearby MRT stations, bus services, and LRT services. The Bukit Panjang Bus Interchange offers a variety of buses that serve the area. Residents can also take advantage of the free shuttle bus service offered by the developer to the Bukit Panjang Downtown MRT. The development is an ideal choice for families looking for a convenient and comfortable living environment, with plenty of public transportation, shopping, and recreational options.

The Cashew Estate where The Myst is located boasts a charming, rural atmosphere. One of its key features is the Rail Corridor, a popular destination for nature enthusiasts, cyclists, and joggers. The Corridor begins near the former Tanjong Pagar Railway Station and concludes near the Kranji MRT Station. For more information, including a map of the Corridor, check out the upcoming projects, The Reserve Residences at Beauty World and The Botany at Dairy Farm, both of which offer direct access to the Rail Corridor. Additionally, the Bukit Timah Nature Reserve is just a short distance away, providing residents with even more opportunities to immerse themselves in nature.

Living in the Cashew Estate allows residents to experience a harmonious blend of indoor and outdoor living, surrounded by breathtaking scenery and tranquil green spaces. The Myst’s location offers the best of both worlds – the convenience of urban living and the tranquility of a natural environment.

The Bukit Panjang region is known for its excellent transportation infrastructure, making it easy for residents to travel around the city. The Bukit Panjang LRT line offers seamless connectivity to the Downtown Line, while the upcoming Thomson-East Coast Line will further enhance transportation options for residents.

The Bukit Panjang Bus Interchange offers numerous bus services to different parts of Singapore, including the Central Business District, Orchard Road, and other popular destinations. Additionally, the upcoming Integrated Transport Hub at Bukit Panjang will bring together multiple modes of transportation, including buses, the MRT, and LRT, making it even more convenient for residents to travel.

The Myst CDL is designed to cater to the needs of modern families, with a variety of apartment types to choose from, ranging from 1- to 4-bedroom units. The development also features dual-key units, which are ideal for multi-generational families or those looking for an additional income stream through rental.

Each apartment at The Myst is thoughtfully designed to maximize space and functionality, with high-quality finishes and fittings. The living spaces are open and airy, with plenty of natural light and ventilation. The kitchens are equipped with top-of-the-line appliances and fittings, making meal preparation a breeze. The bedrooms are spacious and comfortable, providing residents with a peaceful and restful retreat after a long day.

The facilities and amenities at The Myst CDL are designed to enhance the living experience of residents. The development features a 50-meter pool, a spacious clubhouse, and tennis courts, providing residents with ample opportunities for leisure and recreation. The pool deck and landscaped gardens provide a tranquil setting for relaxation, while the BBQ pits and function rooms are perfect for hosting events and gatherings.

In addition to its world-class facilities and amenities, The Myst CDL is committed to providing sustainable and green living. The development is built with energy efficiency in mind, using several green technologies to reduce energy consumption. It is equipped with highly efficient air-conditioning systems, intelligent lighting and motion sensors, and top-of-the-line appliances that are designed to use minimal energy. The building also features double-glazed windows and insulation to minimize heat loss and maximize energy efficiency.

The Myst CDL is an ideal living option for families who value convenience, comfort, and sustainability. Its prime location, world-class facilities and amenities, and commitment to green living make it one of the most sought-after residential properties in the Bukit Panjang region.

In conclusion, The Myst CDL at Bukit Panjang is an excellent investment for those looking for a sustainable and comfortable living environment. Its prime location, excellent transportation infrastructure, and proximity to world-class amenities make it an ideal choice for families who value convenience, comfort, and leisure. The development’s commitment to sustainable and green living also ensures that residents can enjoy a healthy and eco-friendly lifestyle.…

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.…