Month: February 2025

The first flagship co-working space of The Collective, the luxury brand under Singapore-based flexible workspace operator JustCo, has officially opened in Tokyo, as stated in a recent press release on February 19.

Located in the Marunouchi district within Tokyo’s Chiyoda City ward, the 24,000 sq ft co-working space is housed in GranTokyo South Tower, a 42-storey skyscraper. Its prime location is adjacent to Tokyo Station, providing convenient access to Narita and Haneda airports.

According to the group, The Collective is inspired by the elegance and warmth of a luxury voyage, paying homage to the iconic Tokyo Station. The space offers a variety of features, including a hot desk area, meeting rooms, private suites with 24/7 secured access, and larger enterprise suites with exclusive entrance options and customized workspace designs. Each workspace is equipped with comfortable Herman Miller Aeron chairs and adjustable Benel desks.

Members of The Collective can also enjoy amenities such as the TWG Tea Bar, which offers refreshments throughout the day, and a “wellness sanctuary” where they can take a break from work.

The opening of The Collective’s Tokyo location adds to its current portfolio of co-working spaces in major cities such as Singapore, Bangkok, Jakarta, Shanghai, and Sydney. With its focus on luxury and convenience, The Collective offers a unique workspace experience for its members.…

Lentor Central Residences, a new launch project located in Lentor Hills, will be showcased on February 21 and will officially go on sale on March 8.

This upcoming development, which will consist of a total of 477 residential units, is the sixth project to be launched in Lentor Hills. It is a joint development between Hong Leong Holdings, GuocoLand and CSC Land.

The development will comprise of two high-rise residential blocks: a 27-storey block and a 28-storey block. It will offer a range of units from one- to four-bedroom apartments, with sizes ranging from 463 sq ft to 1,399 sq ft.

Interested buyers can find out more information on available units and prices for Lentor Central Residences.

According to the developers, the starting price for one-bedroom units will be $975,000 ($2,110 psf), while two-bedroom units will be priced from $1.38 million ($2,050 psf). Three-bedrooms will start from $1.81 million ($1,984 psf) and four-bedroom units will start from $2.37 million ($2,000 psf).

Lentor Central Residences will also feature a wide range of luxurious amenities, such as a 50-metre Infinity Edge Pool, a 25-metre Lap Pool, and Leisure Pools, all set amidst beautifully landscaped decks. Other facilities include a gym, yoga room, tennis court, resident’s clubhouse, children’s playground, and a childcare centre within the residence.

Betsy Chng, head of sales and marketing at Hong Leong Holdings, emphasizes that the project’s strategic location near Lentor MRT Station and the upcoming Thomson-East Coast Line will make commuting to the city centre extremely convenient for residents. The development is also in close proximity to retail and dining options at Lentor Modern, Thomson Plaza, and eateries along Upper Thomson Road and in the nearby Springleaf estate.

Chng adds, “We believe that Lentor Hills is a rapidly growing neighbourhood and will soon become one of the most desirable districts for home-buyers in Singapore. Together with our partners, we are committed to offering premium homes at competitive prices, where units are priced based on liveable space.”

The sales gallery of Lentor Central Residences is located on Lentor Hills Road. Interested buyers can visit the gallery to check out the latest listings for Lentor Central Residences properties. For more information, they can also consult BuddyCondo, a website that provides information on condo sale transactions, rental listings, and price trends in District 26 where the development is situated.…

CT Pemimpin, a freehold B1 industrial factory located at 43 Jalan Pemimpin in the Central Region, is the newest development launched by Chiu Teng Group. With a reputation for developing quality commercial and industrial spaces in Singapore, Chiu Teng Group has already established a niche in this market. Located in the prime District 20, CT Pemimpin offers excellent accessibility, making it a highly sought-after location for both businesses and investors. The development boasts sustainable features and a range of communal facilities, including two rooftop pavilions, rooftop solar panels, two passenger lifts, and a service lift. With 56 strata-titled units and three canteen units, the development caters to businesses of different sizes. The units also come with individual toilets for the convenience and privacy of the occupants. In terms of parking, CT Pemimpin offers a one-to-one carpark ratio, with 59 carpark lots, including two EV lots. It also provides loading and unloading bays and a lorry park for vehicles of less than 7.5m. The CEO of ERA Singapore, Marcus Chu, believes that CT Pemimpin will attract both investors and end-users due to its unique features. As industrial properties are not subject to Additional Buyer’s Stamp Duty (ABSD), investors will find this development an attractive investment option. The freehold status of the development is also a significant advantage, as most industrial properties in the market come with a 30-year or 60-year lease. This aspect makes it a valuable asset for companies in the information and communications media industry and family offices that prefer long-term investments. Moreover, the development’s location between Marymount and Bishan MRT stations provides unparalleled connectivity, making it easily accessible from different parts of Singapore. The completion of the North-South Corridor in 2027 will further reduce travel time from the north into the city. Additionally, the development is situated near popular shopping and dining spots such as Junction 8, AMK Hub, and NEX, as well as prestigious schools like Raffles Institution and Eunoia Junior College. With a solid track record in developing industrial and commercial spaces, Chiu Teng Group has built a strong reputation in the property market since its establishment in 1999. Other successful projects by the group include CT FoodNEX, CT Foodchain, Tagore8, CT Hub, and CT Hub 2. The preview for CT Pemimpin starts on February 21, 2025. Don’t miss out on the opportunity to secure a rare freehold industrial space. Contact 8100 8017 or visit Chiu Teng Group to schedule a viewing today.…

SRI has recently entered into a memorandum of understanding (MOU) with Redbrick Mortgage Advisory in order to enhance the skill set of its salespersons.

Through this collaboration, agents of SRI will undergo comprehensive training on advanced mortgage strategies; this will enable them to provide better guidance to homebuyers on financing options.

“We are delighted to partner with SRI to empower its salespersons to become trusted advisors, capable of presenting tailored financing solutions to their clients,” says Eugene Huang, CEO of Redbrick.

In addition to training, Redbrick will also provide SRI agents with timely and accurate information on mortgage rates offered by over 15 financial institutions. This information will be constantly updated to reflect changes in the market.

“The partnership with Redbrick will enable our salespersons to quickly and efficiently share up-to-date financing options with their clients,” says Thomas Tan, CEO of SRI.

This collaboration will not only benefit SRI agents but also their clients, as they will receive expert advice and access to real-time mortgage data, enabling them to make well-informed decisions.…

The retail podium of Frasers Property Singapore’s mixed-use development, Sky Eden@Bedok, is now available for sale via an expression of interest (EOI) exercise with an asking price of $45.2 million. Located in Bedok Central, the 12 strata retail units occupy a combined area of 11,193 sq ft, translating to a guide price of $4,038 psf.

Potential buyers have the option to purchase the units collectively as a portfolio, individually, or in clusters, according to marketing agent CBRE. The units range in size from 398 sq ft to 1,313 sq ft, with prices starting from $1.91 million to $5.55 million. All units have been approved for F&B use.

Sky Eden@Bedok, currently under construction, is a 99-year leasehold development with 158 residential units across two 16-storey towers situated on a retail podium. It is conveniently located a short walk from the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange linked to Bedok Mall.

Launched in September 2022, Sky Eden@Bedok was the first private residential launch in Bedok Town Centre in a decade. All residential units have since been snapped up. The development is slated to receive its temporary occupation permit in the fourth quarter of 2025.

Michael Tay, CBRE’s head of capital markets for Singapore, highlights that the retail units at Sky Eden@Bedok are the first private commercial properties available for sale in the highly sought after Bedok Town Centre. He also believes that the reasonable price point will appeal to a diverse range of investors, such as boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to establish their presence in this tightly held residential enclave.

Interested parties can submit their offers for the retail podium until April 3 at 3pm. To stay updated on the latest listings for Sky Eden@Bedok properties, visit Ask Buddy. The site also features 2-bedroom floor plans, the site plan and diagrammatic chart, recent TOP projects, and the total number of units in Sky Eden@Bedok.…

The Home Improvement Programme (HIP) has selected 29,000 HDB flats for its latest round of upgrading. The Housing and Development Board (HDB) announced in a press release on February 16 that a budget of $407 million has been set aside for these works.

Located in various areas such as Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh and Woodlands, these selected flats will undergo essential improvements to address common maintenance issues that occur due to wear and tear in older flats. Minister for National Development Desmond Lee stated that since the introduction of HIP in 2007, 494,000 flats, which is equivalent to nine in 10 eligible flats, have been chosen for the programme. Among these, around 381,000 flats have already undergone upgrades.

The HIP programme aims to ensure the basic safety needs of residents by repairing spalling concrete and fixing ceiling leakages caused by wear and tear. The costs of these essential improvements are fully borne by the government for Singapore citizen households. Optional upgrades, like improvements to bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper, are also available. These are subsidised by the government, and Singapore citizen households may have to pay as low as 5% of the cost, depending on their flat type.

In addition to HIP, the Enhancement for Active Seniors (Ease) programme has been offered since 2012. Under Ease, flat owners can opt to install senior-friendly fittings, such as grab bars, ramps, and slip-resistant tiles for toilets and bathrooms. The government covers up to 95% of the costs for Singapore citizen households.

According to HDB, approximately $4 billion has been allocated for HIP since its launch, and around $150 million for Ease as of March 31, 2014. Interested buyers and sellers can check out the latest listings for HDB properties and review past sale and rental transactions. They can also compare HDB loans and bank loans and track the price trends of HDBs, condos, and landed properties.…

Clemence Lee, CBRE’s executive director of capital markets, is currently marketing a strata-titled unit at Bukit Timah Plaza mall with an asking price of $9.8 million ($2,890 psf). This reflects a 12% discount from the previous listing price of $11 million in 3Q2022.

Situated in the basement two of the mall, the 3,391 sq ft unit is approved for restaurant use and has a 20m frontage facing the central plaza. Lee mentions that the unit is already fully leased and will be sold within the existing tenancy. It comes with a 99-year lease from 1976, giving it a remaining lease of 50 years.

The pricing for this unit is in line with the last two transactions for units in the same basement two area: A 441 sq ft unit sold for $1.43 million ($3,240 psf) in March 2024 and an 850 sq ft unit sold for $2.5 million ($2,940 psf), based on caveats lodged.

Bukit Timah Plaza, a mixed-use development completed in 1979, comprises a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. It is known to be one of the most popular malls in Bukit Timah, with one of the largest Fairprice Finest supermarkets in Singapore, covering an impressive 44,000 sq ft, according to CBRE.

The mall is conveniently located within walking distance of Beauty World MRT Station and King Albert Park MRT Station on the Downtown Line. It is also surrounded by many private residential developments, with an estimated population of about 37,000.

Additionally, the mall is in close proximity to several reputable educational institutions, including the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

The area around Bukit Timah Plaza is currently undergoing a rejuvenation, with many new mixed-use, integrated developments in the works. These include the upcoming The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, set to be completed by late 2029.

Interested buyers can express their interest in this unit starting from March 19. Don’t miss out on the chance to own a premium property in Bukit Timah Plaza and Sherwood Towers. Check out the latest listings for these properties today.…

A pair of adjacent strata retail units at Peninsula Plaza, with a combined area of 1,119 sq ft, are currently on the market for $10.9 million. These 999-year leasehold units, located on the ground floor, boast a strategic position on North Bridge Road, offering high visibility and accessibility. The asking price of $10.9 million translates to $9,741 psf based on the strata area, making it an attractive investment opportunity. The two units are currently tenanted until 2026, providing investors with a 3% gross rental yield at the guide price of $10.9 million.Savills Singapore associate director of investment sales & capital markets, Nick Chan, who is managing the sale on a private treaty basis, notes that these units have arguably the best street frontage within the development and benefit from consistent footfall.The last transaction of a ground-floor retail unit in the building took place in August 2022, with a 452 sq ft unit fetching $4.08 million ($9,025 psf) according to the lodged caveat.Peninsula Plaza, built in 1980, is a 999-year, 30-storey mixed-use commercial building comprising a six-storey retail podium and a 24-storey office tower. It boasts a prime location on North Bridge Road, Coleman Street and Coleman Lane, and has a covered link to the City Hall MRT Interchange Station, making it easily accessible for commuters.Since the Urban Redevelopment Authority (URA) announced restrictions on strata subdivision of commercial properties in the CBD and Orchard corridors in March 2022, Savills’ Chan notes a growing demand for strata-titled units with 999-year and freehold tenure. Take a look at our latest listings for properties in Peninsula Plaza for more information.…

Brand New Land’s team had a clear vision of incorporating Good Class Bungalow (GCB) elements into luxurious semi-detached homes. To bring this vision to life, they turned to Pau Loh, the managing director of Tellus Design and a well-established name in the GCB design scene. With a relationship spanning over 30 years, together they created a collection of 4 semi-detached homes in Bukit Timah and Upper Bukit Timah, each incorporating thoughtful elements from the best GCB practices.

These semi-detached homes, located at 23 & 23A Maple Avenue and 25 & 25A Jalan Selanting, bear the affectionate name of “The Great Trees Collection”. Ranging in land size from 2,790 to 3,130 sq ft, each home comes fully equipped with a lift, swimming pool, and gourmet kitchen provisions. Staying true to Brand New Land’s philosophy of delivering value to their clients, prices for these homes are set within the bank valuation range, leaving room for potential upside for buyers.

GCB Design Elements

One of the key GCB design elements incorporated into these semi-detached homes is the use of dedicated zones. Inspired by large bungalow homes, each of these homes has separate areas for receiving guests, dining, gourmet cooking, and entertainment. This allows for intimate gatherings and private moments within the same roof.

The entrance area at 23 Maple Avenue offers a view of the pool and greenery, while 25 Jalan Selanting has private corners perfect for intimate conversations. The second-floor view from 23 Maple Avenue seamlessly connects with the first floor, while still maintaining the privacy of separate living zones. The Sky Terrace at 25 Jalan Selanting serves as an entertainment zone offering a magnificent view of the Bukit Timah Nature Reserve.

Ceremonial Entrances

The experience of coming home and stepping into your own space is something that Brand New Land holds dear. To bring this special experience to their community, each semi-detached home has a ceremonial entrance framed by lush greenery, the soothing sounds and reflection of water, and warm and rich façade materials. This design element celebrates the transition from the outside world to the comfort of home.

Luxe Architecture, Rich Materials

Taking inspiration from Loh’s signature style, the homes have wide overhanging eaves and deep recesses to create shelter and cool the interiors. The use of horizontal design elements, such as the wraparound golden sand façade treatment and horizontal planters, adds to the spacious and luxurious aesthetic.

The wraparound golden sand façade treatment at 25 Jalan Selanting serves as the anchor for the timber-effect screens, creating an artistic play of shadows. The generous use of nature-inspired cladding elements at 23 Maple Avenue adds a touch of quiet luxury. Inside, the homes are adorned with rich timber grain, precious marble, and German bath fittings, creating an environment of understated luxury.

Collaboration with Arclinea Singapore

Brand New Land has partnered with luxury kitchen specialist Arclinea Singapore to create gourmet kitchen experiences in these homes. Both brands share the common goal of inspiring everyday connections in extraordinary kitchen spaces. With a predominantly GCB clientele, Arclinea brings a special touch to the kitchens of 25 Jalan Selanting and 23 & 23A Maple Avenue.

“Our vision for this collection is to bring the best GCB design principles into our semi-detached homes,” says Alvina Teh, Co-Founder and Director of Brand New Land Group. “We are fortunate to have Pau Loh, a skilled and experienced architect, working with us to make this vision a reality. We are excited for the future possibilities that these homes will bring to the lives of those who live in them.”

To view these homes, please contact 8893 7602. For more information and updates on upcoming launches, visit www.brandnewland.com.sg and follow Brand New Land on Instagram (@brandnewlandgroup), Facebook (@brandnewlandgroup), YouTube, and LinkedIn. If you are interested in working with the group or have land that can be redeveloped, please email comehome@brandnewland.com.sg.

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A highly sought-after 99-year leasehold HDB shophouse in the bustling area of 214 Serangoon Avenue 4 will be available for auction at SRI’s upcoming auction on 26 February. The two-storey shophouse features living quarters on the second floor and has a total floor area of about 1,668 sq ft. It has been listed with a guide price of $1.98 million, which translates to approximately $1,187 psf on the floor area.

This is the second time that this property will be auctioned by SRI, with the previous attempt having a higher guide price of $2.08 million, but no buyers were found. According to Jansen Kee, assistant manager of auctions at SRI, the shophouse enjoys a prime location in front of a bus stop, providing it with excellent visibility from the road.

The current shophouse is currently tenanted and is generating an estimated gross rental yield of 6.2%, based on the guide price, according to Kee. He further explains that the unit will be sold together with its existing lease, which is set to expire in 2026. This means that the new owner will immediately earn a steady stream of rental income after the purchase.

Kee notes that the listed guide price for this HDB shophouse is one of the lowest for this type of property in the area, making it an attractive value proposition for both investors and owner-occupiers.Through URA records, the most recent commercial shophouse transaction in Serangoon was a 999-year leasehold shophouse situated along Lichfield Road. The property, which comprises of two storeys and spans a land area of 2,319 sq ft, was sold for $4 million ($1,725 psf) last month.

The auctioned shophouse is located within a cluster of HDB flats near the Serangoon Gardens landed residential estate and directly across the road from the Serangoon Swimming Complex and Serangoon Sports Centre. This provides the area with a constant flow of foot traffic. Car park lots are available behind the shophouse. Those interested can also compare the prices and rental yields of other properties in the Serangoon Garden Estate area using the Ask Buddy feature on 99.co.…