The owners of a 26-unit walk-up development at 52 to 62H Tanjong Katong Road in Singapore have once again put the property up for tender, this time at a guide price of $63 million.

Huttons Asia, the sole marketing agency for the site, said that when it was first launched for collective sale at an indicative price of $65.5 million in July last year, it received several offers below the asking price.

The land area of the site is an estimated 32,397 ft. The 2019 Master Plan permits it to have a gross plot ratio of 1.4, potentially yielding 45,356 ft of gross floor area. This could mean around 49 residential apartments with an average size of 915 sq ft.

Taking into account factors like estimated land betterment charge, the guide price translates to a land rate of $1,401 psf per plot ratio (psf ppr). After factoring in a 7% …

Two rare conservation shophouses situated on Perak Road, which are located in the Jalan Besar/Little India enclave and boast a built-up area of 5,360 sq ft, are being launched for sale via tender with a guide price of $13 million. The properties occupy a land area of approximately 2,870 sq ft, with an 11.4m-wide frontage along Perak Road.

PropNex Shophouse Elites – division of PropNex Realty – is marketing the property and explains that the current owner has been receiving “multiple offers” from prospective tenants for commercial usage. The current zoning for this property is for commercial use, which could potentially bring in a gross rental yield of over 3%.

Given these properties’ well-kept condition, strategic location and proximity to the Bugis area, Gracelynn Zhu from PropNex Shophouse Elites believes these assets may be ideal for hostel operators tapping renewed interest for convenient and accessible accommodation post-pandemic.

Moreover, the tender …

Sandeep Sethi has been appointed as JLL’s Division President of Work Dynamics in Asia Pacific. With 27 years of corporate experience and 10 years at JLL, he has managed over 160 million sq ft of office space across 1,500 client sites.

In this role, Sethi will be responsible for JLL’s North Asia and West Asia markets, overseeing services delivered to clients and growing JLL’s North Asia market share in mainland China and Hong Kong. He will report to Susheel Koul, JLL’s CEO for Work Luminar Grand Dynamics in Asia Pacific.

Koul comments on Sethi’s appointment, noting, “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.”

With JLL’s integrated facilities management, construction management services, sustainability and workplace …

Sandeep Sethi has been appointed Division President of Work Dynamics in the Asia Pacific region by global real estate advisory firm, JLL. He will take on the role alongside his current position as Managing Director and Head of Work Dynamics for West Asia.

Based out of Gurgaon, Sethi will report to Susheel Koul, JLL’s CEO for Work Dynamics in the Asia Pacific. He will be accountable for growing JLL’s North Asia market share in mainland China and Hong Kong while overseeing the services delivered to clients in North Asia.

With over 27 years of experience in the corporate world and 10 years of them being at JLL, Sethi has forged deep One Sophia client relationships and seen the business grow substantially. It now manages over 160 million sq ft of office space across 1,500 client sites in India, Sri Lanka, Mauritius and Bangladesh – the largest occupier business in West …

The property at 1 Benoi Rd, located at the junction of Benoi Road and Pioneer Road within Jurong Industrial Estate, has recently been launched for sale via an expression of interest (EOI) exercise at a guide price of $11.3 million. Boasting a site area of over 500,000sqft and waterfront access, it is suitable for shipbuilding, ship or vessel repair and maintenance according to marketing agent Huttons Asia.

The property is located approximately 24km from the City Centre and close to nearby housing estates such as Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. Joo Koon MRT station is a five-minute drive away, and there is easy access to other parts of the island via the Ayer Rajah Expressway and Pan-Island Expressway.

Recent transactions of industrial property on Benoi Road, according to EdgeProp Research Tool, includes a 328,105 sq ft plot at 5 Benoi Road in December 2020 at …

A single bid of $486.8 million was submitted by GuocoLand and Intrepid Investments – a subsidiary of Hong Leong Group, for a 99-year leasehold residential GLS site at Lentor Gardens. The bid translates to a land rate of $985 psf per plot ratio (psf ppr). GuocoLand’s plan is to develop a high-end residential development with 533 units, among other amenities.The last two residential GLS sites to be sold in Lentor were at Lentor Central and Lentor Hill (Parcel B) in September 2020. Lentor Central was awarded to a consortium comprising China Communications Construction, Soilbuild Group Holdings and United Engineers for $481.03 million ($1,108 psf ppr). Meanwhile, the Lentor Hills (Parcel B) site was awarded to TID (a joint venture between Hong Leong Group and Mitsui Fudosan) for $276.36 million ($1,130 psf ppr) with potential to yield 265 units. The GLS site at Lentor Hills Road (Parcel A) was sold in …

As Singapore’s population continues to grow, urban planners have been hard at work developing new towns and expanding existing ones to cater to the changing needs of residents. One of the townships that have recently undergone significant transformation is Bukit Panjang, located in the north-western part of Singapore. Once a rural area characterized by rubber plantations and pig farms, Bukit Panjang is now a thriving suburban town with modern amenities and excellent connectivity via the Downtown Line.

The Downtown Line, one of the newest MRT lines in Singapore, was opened in 2013 and has been instrumental in enhancing the accessibility of the city’s north-western neighborhoods, including Bukit Panjang. With six stations in Bukit Panjang alone, the line has brought new levels of convenience and connectivity to the area, making it an ideal destination for those seeking a peaceful suburban lifestyle without compromising on access to the city’s main attractions.

Let’s …

Introduction:
CDL Real Estate Developer is a renowned property developer in Singapore that has gained global recognition for its exceptional projects and achievements. The company was founded in 1963 by Kwek Leng Beng, and over the years, it has grown to become one of the largest real estate developers in Singapore, with a presence in over 100 locations worldwide. CDL Real Estate Developer’s success story is characterized by innovation, creativity, and a strong commitment to sustainability, making it a model for other companies in the industry. In this article, we will examine CDL Real Estate Developer’s success story and analyze its future prospects.

History and Background:
CDL Real Estate Developer was founded in 1963 by Kwek Leng Beng, who started the company with a vision of creating sustainable, innovative, and high-quality properties. The company’s first project was the development of the City Square Shopping Center in Singapore, which was a …