Chiu Teng Group, known for its quality commercial and industrial spaces in Singapore, has launched its new freehold development – CT Pemimpin. This development will be a delight for property investors and business owners looking for a rare gem in the land-scarce city-state.

Located at 43 Jalan Pemimpin in the Central Region, CT Pemimpin is a nine-storey, partial ramp-up factory comprising 56 strata-titled units and three canteen units. It boasts a prime freehold status, making it stand out in a market where most industrial developments are limited to a 30-year or 60-year lease. Moreover, commercial and industrial properties are not subjected to Additional Buyer’s Stamp Duty (ABSD) by the government, making them an attractive alternative for investors and eligible foreign buyers.

Kelvin Fong, Deputy CEO of PropNex Realty, states that “Being a freehold development in this centralised location, it will be a good investment asset for both investors and end-users.”…

Sim Lim Square retail units on the third floor will be featured at the upcoming auction by ERA on Feb 27, with a total suggested price of $3.38 million. This pair of units, located next to each other, offers a larger unit of 958 sq ft with a guide price of $2.08 million ($2,171 psf), and a smaller unit of 570 sq ft with a suggested price of $1.28 million ($2,246 psf). The current owner is looking to sell both units as a package or individually. This is the first time the units have been listed in ERA’s auction. The prices are competitive, as they are slightly below market value, in hopes of attracting a quick sale.

According to EdgeProp Singapore’s analytical tools, retail units at Sim Lim Square have an average price of $2,997 psf over the past year. The latest transaction at the development was a 592 sq …

Hoi Hup Realty and Sunway Group to redevelop Dairy Farm Heights Site

Renowned retiree Mr Chong has been a great support for his three sons as they ventured into buying their first homes. His eldest son chose a private condo while the two younger ones chose executive condos (ECs). Mr Chong did not have to think twice about the EC option, especially when bought during a new launch. Even if purchased shortly after the five-year MOP (minimum occupation period), it is still a great entry price according to him.

Mr Chong has experienced both situations in which his second son purchased a three-bedroom unit at the 531-unit Hundred Palms Residences in July 2017. However, his son initially wanted a four-bedroom unit but they were already sold out quickly. The project by Hoi Hup Realty received 2,000 e-applications and was sold out on the first day of launch at an average …

When considering the purchase of a Condo in Singapore, it is of utmost importance to carefully evaluate the associated financial aspects. While the allure of owning a Condo can be enticing, it is essential to fully grasp the potential consequences. This involves taking into account the Total Debt Servicing Ratio (TDSR) framework, which places a cap on the maximum loan amount a borrower can obtain based on their income and current debt obligations. Understanding the TDSR in depth is crucial for making well-informed decisions when it comes to financing a Condo investment. Seeking assistance from financial professionals or mortgage brokers can also prove to be highly beneficial, as it can prevent excessive borrowing and lead to a successful Condo investment.

According to data from C9 Hotelworks, a consultancy specializing in hospitality in Asia, the market value of branded residential projects in Asia has reached a record high of US$26.6 billion …

Malaysian property developer UEM Sunrise and Singapore-listed GuocoLand have recently signed an MOU to jointly develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, Johor. This marks the first Johor-Singapore Special Economic Zone (JS-SEZ) collaboration between private companies from the two countries.

The signing of the MOU, which took place on Feb 27, coincided with the opening of UEM Sunrise Gallery Iskandar Puteri, a showcase of the group’s vision for the area. Iskandar Puteri, also known as Flagship Zone B of the JS-SEZ, is a hub for various industries such as manufacturing, business services, education, health, and tourism.

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Investing in a condo in Singapore offers numerous benefits, with one major advantage being the potential for capital appreciation. This is due in large part to Singapore’s prime location as a global business hub and its robust economic foundations, which maintain a constant demand for real estate. In recent years, the …

Due to the limited land space in Singapore, there is a constant demand for condos in the country. The population is growing, while the availability of land for development remains scarce. To address this issue, the Singaporean government has implemented strict regulations on land use, resulting in a highly competitive real estate market. As a result, property prices have continuously risen, making investing in real estate, particularly in Singapore Condos, a highly profitable opportunity for capital growth. This growing demand for Singapore Condos has made it a highly coveted choice for investors. Add Singapore Condo to rewritten paragraph

UEM Sunrise and GuocoLand have recently signed the first Johor-Singapore Special Economic Zone (JS-SEZ) MOU between private companies from Malaysia and Singapore. According to a press release on February 27th, the two groups will work together to develop selected freehold land in Iskandar Puteri, Johor, with a focus on accelerating growth within …

SINGAPORE (EDGEPROP) – Frasers Property has teamed up with two Chinese real estate groups, Xiamen ITG Real Estate Group and Gemdale Corporation, to jointly acquire a residential site in Songjiang District in Shanghai, China. The joint venture (JV) partners successfully bid for the site for RMB815.2 million ($151.9 million) in a tender conducted by the Shanghai Municipal Bureau of Planning and Natural Resources.The acquisition underscores Frasers Property’s commitment to expanding its presence in Shanghai and delivering high-quality residential developments that meet the evolving needs of the local community. According to a press release on Feb 26, Frasers Property has announced that the JV partners plan to develop the site into a mix of 189 low-rise apartments, townhouses and duplex units, with a total gross floor area of 334,714 sq ft. The development is expected to target upgraders and first-time homebuyers in Fangsong Community, Songjiang District, Shanghai.Situated in a prime residential …

Category: CDL, Kwek Leng Beng

City Developments (CDL) has put a stop to the serious lapses in corporate governance, according to a second statement released by executive chairman Kwek Leng Beng. This comes after a court hearing on Feb 26, in which the two newly appointed directors, Jennifer Duong Young and Wong Su Yen, have agreed not to exercise any powers as directors until further notice from the court. These two directors were appointed via resolutions in writing, which were deemed as hasty and irregular.

Kwek also mentioned that his son, Sherman Kwek, Philip Lee, Wong Ai Ai, and other directors who were acting together with them, have also agreed not to take any further action regarding their attempt to change the board committees and management of certain CDL subsidiaries until the court gives further notice. The nominating and remuneration committee, which was also constituted irregularly, has been suspended from …

Colliers adds to leadership bench with appointments in Greater China

Colliers, a leading commercial real estate company, recently announced the expansion of its occupier services team in Asia Pacific through the appointment of two new directors – Leanne Chin and Ali Porter.

According to a press release dated February 25, the company has appointed Leanne Chin as the regional tenant representation director for Asia Pacific. She will be based in Colliers’ Singapore office and will be responsible for developing and managing relationships with occupiers across the region.

When it comes to investing in real estate, location is a key factor to consider, and this is especially true in Singapore. Condos located in prime areas or near important amenities, such as schools, shopping centers, and transportation hubs, tend to appreciate in value. Prime locations in Singapore, such as Orchard Road, Marina Bay, and the CBD, have a track record of consistent …

JLL, the sole marketing agent, has announced the collective sale of Ching Shine Industrial Building with a minimum price of $113 million. The freehold building includes 52 strata units and boasts a 100m frontage along Shaw Road. It has a total land area of 49,308 sq ft and a gross floor area of approximately 137,341 sq ft.

The building, which was built in the early 1980s, is zoned as “Business 1” and has a gross plot ratio of 2.5 under the URA Master Plan 2019. More than 80% of the owners have given their consent for the collective sale at the minimum price of $113 million. This translates to a unit land rate of around $823 psf per plot ratio at the existing gross plot ratio of 2.79.

According to JLL, the site could potentially be converted into a food factory, subject to URA approval. The National Environment Agency has …