Job Opportunities Abound in Tampines Ave 11 Condo Master Plan Identifies Tampines Regional Centre and Changi Business Park as Key Examples
Jul
20
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Job Opportunities Abound in Tampines Ave 11 Condo Master Plan Identifies Tampines Regional Centre and Changi Business Park as Key Examples

 

The availability of such amenities is indeed a tremendous boon for families that seek to be situated near popular places of employment. In addition, potential Tampines Avenue 11 condo residents can also take advantage of the MRT line that passes through the area for easier transport to other parts of the city.

The Master Plan has identified Tampines as a major regional hub, thus creating more job opportunities nearby for the residents. A key example is Tampines Regional Centre, which is Singapore’s first regional centre. Another example is the nearby Changi Business Park, one of the nation’s primary business destinations. Folks residing in Tampines Ave 11 Condo, consequently, can look forward to more conveniences when it comes to commuting to work in these areas.

Tampines Ave 11 Condo can be found in the Tampines North precinct, which is slated for considerable improvement through the Urban Redevelopment Authority’s Master Plan. An advantage that residents of Tampines Ave 11 Condo enjoy is its proximity to the upcoming Tampines North Integrated Transport Hub, part of the much-anticipated Cross Island Line (CRL). Once this station is operational, it will provide greater connectivity to other lines, making it easy to get around the city – no doubt making this condo an attractive option.

Public buses are an integral part of the connectivity landscape for Tampines Ave 11 Condo. Located in close proximity to a wide range of bus services, residents have easy access to various parts of Singapore. To further augment the connectivity options, a new bus interchange is currently in development in the vicinity of the condominium. This interchange will provide residents with fast and convenient transport, enabling them to get around quickly and easily.
The campus features state-of-the-art facilities, including a library, specialist classrooms, a theatre, a sports hall, and a rock climbing wall.

Located nearby Tampines Avenue 11 Condo is the prestigious United World College of South East Asia (UWCSEA). It is one of the leading international schools in Singapore, offering a challenging International Baccalaureate (IB) program from kindergarten to high school. UWCSEA proudly stands for academic excellence, intercultural understanding, and personal growth. Its world-class campus is fitted with the best of facilities, such as libraries, specialist classrooms, theatres, sports halls, and a rock climbing wall.

Residents of Tampines Ave 11 Condo are treated to an unparalleled urban living experience, with an abundance of shopping centres and dining spots in the vicinity. Home to world-renowned stores and a wide range of eateries, the locality offers its residents with all the amenities they can ask for, within walking distance.
Moreover, Tampines will have more open spaces for recreational activities such as sports and leisure. These include the expansion of parks, gardens, jogging paths, and cycling paths to ensure the community has enough safe and accessible areas to stay active and stay in touch with their environment.

The Master Plan places a great emphasis on community development. There will be the construction of community centres and hawker centres, including one located within the Tampines Ave 11 Condo. These centres will create opportunities for residents to build connections. In addition, Tampines will have more open spaces for recreational activities such as sports and leisure. These encompass the enlargement of parks, gardens, running paths and cycle paths to guarantee that the community have sufficient safe and accessible places to stay energetic and to stay in contact with their environment.
The mall also has an exciting entertainment zone that includes a cinema, karaoke rooms, and an air-conditioned playground for the little ones.

Tampines 1 is a renowned shopping mall that adds to the retail landscape around Tampines Ave 11 Condo. It is well-liked by many people from all walks of life for its exciting variety of shopping, dining, and lifestyle outlets. Trendy boutiques, beauty salons, and an abundance of eateries, from fast food to fine dining, offer something for everyone. Additionally, the entertainment zone is a hit, featuring a cinema, karaoke rooms and an air-conditioned play area that is perfect for children.

The luster of the local shopping scene is undoubtedly enhanced by the nearby Jewel Changi Airport. Only a short drive away, this world-class lifestyle destination combines shopping, dining, and nature into a one-of-a-kind experience. Featuring more than 280 stores and eateries, a striking indoor waterfall, and a mesmerizing indoor forest, Jewel’s retail offerings are unmatched.

Mixed-use developments often offer an impressive array of conveniences and amenities, which can result in increased property values and heightened rental demand. Potential tenants and purchasers may be drawn to the convenience and lifestyle benefits of this type of development, and thus be willing to pay a higher price for such a property. Additionally, such developments typically feature a range of commercial and residential spaces, thus generating multiple revenue streams, which could mean higher returns for investors.
When it comes to food, this area has it all!

This area is the perfect destination for food lovers, with a wide selection of both local and international cuisines. From Japanese and Korean restaurants to Western eateries, residents can have a gastronomic experience of global flavours without having to leave the neighbourhood. An abundance of culinary wonders awaits – this area truly has it all!

The upcoming hawker centre, part of the Tampines Ave 11 Condo’s integrated development, is set to further increase the diversity of cuisine available to residents. This added convenience will enable them to enjoy a variety of local dishes without leaving their premises.
Potential buyers should look out for such developments as they will likely yield higher rental and sale returns in the long run.

Mixed-use developments such as Tampines Avenue 11 Condo undoubtedly present countless benefits compared to traditional condominiums, from convenience and accessibility to lifestyle options, potential property value, and community living. These developments present a more comprehensive approach to urban living, with multiple needs fulfilled in one integrated environment. This is especially attractive in our fast-paced society, where the convenience of having facilities and amenities right at one’s doorstep is an immense asset. Therefore, potential buyers should be sure to look out for such developments, as they are likely to yield much higher rental and sale returns in the long run.

For families with younger children, Tampines Ave 11 Condo vicinity has several quality preschools to choose from. Prominent among them are PAP Community Foundation (PCF) Sparkletots Preschool and My First Skool, both offering enriching early learning programmes that stoke children’s curiosity and lay the groundwork for future learning.

The access to comprehensive public transport networks and major expressways that Tampines Ave 11 Condo provides is the icing on the cake when it comes to its desirability as a residential location in Singapore. This first-rate connectivity means that residents have the choice of taking public transport or driving a car, providing them with unparalleled convenience. With such excellent connectivity, it is easy to see why this development has a great potential to increase its property values as time goes by.

The location of Tampines Ave 11 Condo is a major advantage for its residents – just a short drive away from Changi Airport via the PIE highway. This makes it the perfect choice for those who travel frequently for business or pleasure. In addition, it is conveniently close to Changi Business Park which is home to many multinational companies, making it the ideal home for professionals who work in the area, as it provides for a shorter and stress-free commute.

Tampines Ave 11 Condo is conveniently located near Temasek Polytechnic, one of Singapore’s most respected institutions of higher learning. At Temasek, students are able to choose from a wide selection of courses, ranging from business, information technology and design to applied sciences. State-of-the-art infrastructure and strong ties with industry professionals guarantee an enriching learning experience, allowing students to be confident and ready for the world of work.

The Tampines Ave 11 Condo’s excellent connectivity provides added incentive to students that need to travel to and from educational institutions. With a full range of public transportation options, students will be able to access the nearest schools with ease. Bus, MRT or even walking – all of these methods of travel will make it simple for pupils to arrive at classes on time.

Standalone condominiums can provide private residential spaces, but they don’t always offer commercial or communal aspects. This means residents must travel to access basic amenities, dining, or entertainment. Interaction with others is usually limited to those in the same condominium. As a result, there may not be as much of a sense of community as with other forms of housing.

Mixed-use projects, in which multiple uses are integrated into a single development, can help reduce reliance on private transport and incentivize walking or cycling. These initiatives are not only beneficial for promoting healthier lifestyles but also contribute to lower carbon emissions – thus aligning with global objectives for sustainability.

The inclusion of a range of amenities makes living in a mixed-use development an appealing choice for many. From leisure to entertainment and wellness, the vast array of facilities available can offer opportunities for relaxation and recreation. At Tampines Avenue 11 Condo, the presence of a community club promotes a sociable atmosphere and provides a venue for residents to take part in a variety of activities. This addition to the complex further enhances the lifestyle experience for its residents.

For secondary education, Tampines boasts excellent options. Schools such as Junyuan Secondary School, Springfield Secondary School, and St. Hilda’s Secondary School provide a robust curriculum to cater to students with varying interests and capabilities. These institutions are renowned for their dedication to providing comprehensive education, comprising of academics, the arts, sports, and character building.

In summary, the URA Master Plan for Tampines offers numerous advantages to the upcoming Tampines Ave 11 Condo. This includes infrastructure developments, transport connectivity, green spaces, commercial facilities, and communal areas, all of which will uplift the quality of life of the residents, while increasing the desirability of the condo. Consequently, purchasing a property at the Tampines Ave 11 Condo offers a chance to be part of a flourishing and dynamic community, and a fulfilling and enriched lifestyle.

The advantageous connectivity of Tampines Ave 11 Condos to multiple parts of Singapore not only bestows residents with first-rate ease but may also raise the value of the property over time. With the nearby availability of various transportation systems, these condos have the possibility of becoming a prime investment, appealing to both potential homeowners and investors.

Located in the East of Singapore, Tampines Ave 11 Condo is a highly coveted mixed-use development. It is well-connected by both public transport and car, making it a popular residential choice among Singaporeans. Its remarkable access to the transport network such as MRT stations, buses and expressways provide unbeatable convenience for its residents.

The Quarry Park is set to be a newly established park in the vicinity of Tampines Ave 11 Condo, featuring a magnificent water body. This new park will thus provide the residents of the area with easy access to such recreational facilities. Additionally, there is also plans to construct the Boulevard Park along Tampines North Boulevard. This will eventually link up to various areas in Tampines North, giving the place a lush green corridor.

Residents living in and around Tampines Ave 11 Condo can rest assured knowing that parking facilities are available to them. Providing ample space for their vehicles, these secure and well-lit multi-level parking facilities will give those who own cars peace of mind. The parking facilities are also spacious, providing a convenient and safe option for residents.

Inhabitants of Tampines Ave 11 Condo have plenty of options when it comes to gastronomy. From local dishes to global eats, there’s a diverse array of restaurants and food stalls in the condo’s vicinity. Whether you fancy a classic hawker favourite, innovative fusion food, or a luxurious dining experience, you can find it near the condo. Thus, residents can indulge in their culinary cravings without having to go far.

Mixed-use developments cultivate connections and promote a sense of unity among inhabitants. Amenities that are shared promote socializing, while the commercial components offer a gathering place for locals to come together. This all culminates in a welcoming, community-driven residential atmosphere that can elevate the quality of living for all involved.

In the vicinity of Tampines Ave 11 Condo, there are several reputable primary schools, such as Poi Ching School, Junyuan Primary School, and St. Hilda’s Primary School. These educational institutions are known as much for their emphasis on academic excellence as for their efforts to cultivate the character development and participation in co-curricular activities of their students. In addition, the schools also value the role of parents, creating a sense of belonging to the community.

Residents living near Singapore’s three major expressways – the PIE, TPE and KPE – are truly blessed. The PIE offers great convenience for those working in the central business district, while the TPE and KPE offer a direct connection to the northern and central parts of the city. Commuting to work or traversing the city is both easy and efficient thanks to these expressways.

Recently renovated, the six-storey Century Square is a retail and lifestyle hub located nearby. Offering plenty of entertainment, dining, and shopping options, it is the perfect place to spend the day for both families and individuals. Featuring a cinema, a variety of eateries, and multiple stores, this shopping centre is sure to have something for everyone.

The Master Plan also features new commercial facilities in addition to the green spaces. The upcoming Tampines North Hub, a mixed-use development, is set to provide a plethora of amenities for Tampines Ave 11 Condo residents, including community, retail, and food and beverage outlets. This will significantly expand the range of services and amenities on offer for the condo.

Aside from the upcoming Tampines North MRT station, residents of Tampines Ave 11 Condo can take advantage of the nearby Tampines North MRT station, which serves as an interchange station connecting the Downtown Line (DTL) and East West Line (EWL). This station is conveniently located just a few minutes away by car, providing much greater accessibility options to residents.

The strategic location of Tampines Ave 11 Condo in the middle of an array of shopping hubs and eateries guarantees residents an exciting city life. Its close proximity to diverse and plentiful amenities offers a combination of comfort, convenience, and lifestyle choices that is unrivaled. If you are a shopping aficionado or a food enthusiast, this condo will definitely provide you with a memorable living experience.

Tampines Ave 11 Condo, an upcoming mixed-use development by Capitaland Development, UOL Group and Singapore Land, is set to launch in the heart of Tampines North. The site, located at Tampines Avenue 11, attracted three bids, with the joint venture between UOL Group, Singapore Land (SingLand) and CapitaLand Development coming up ahead with a bid of $1.206 billion. This translates to $885 per square foot per plot ratio (psf ppr), representing a 13.9% increase compared to the next highest bid. This amounted to $1.06 billion or $777 psf ppr, and was put forward by Pine II Commercial and Pine II Residential, both of which are part of Allgreen Properties.

Mixed-use developments, such as Tampines Avenue 11 Condo, have become more and more prevalent due to the heightened convenience and lifestyle rewards they provide compared to standard, independent condominiums. By integrating residential, commercial, and communal aspects within a single building, they form dynamic, self-sustaining areas that bring a range of advantages.

Exploring the stunning array of shopping opportunities near the condo is highly recommended. Located in the Tampines region, it is just a stone’s throw away from some of Singapore’s most beloved malls. Tampines Mall, one of the nation’s leading suburban shopping spots, is almost within reach. It features a myriad of retail stores which have something for everyone, from the latest fashion trends to cutting-edge electronics to homeware staples. With such an extensive selection, you are sure to find everything you need.

Spanning an impressive 545,314 sq ft, the Tampines Ave 11 Condo on Tampines Avenue 11 is set to be transformed into a mixed-use development. The proposed plans encompass both commercial and residential development, with the added bonus of a bus interchange, community club, and a hawker centre, all of which will be seamlessly integrated into the area.

The Singapore University of Technology and Design (SUTD) is located in the area, being Singapore’s fourth autonomous university. It offers a distinctive design-centric education, promoting innovation and creativity. Having such a esteemed university in close proximity is certainly a huge convenience for families with older children who are evaluating higher education choices.
The health hub is expected to have a polyclinic, dental clinic, nursing home and other ancillary services. In addition, a long-term care facility will be built in the vicinity to provide specialised eldercare services. The new facilities will bring healthcare closer to the people in Bedok, making it more accessible and convenient.

The Master Plan is set to bolster the healthcare landscape in Bedok by introducing a series of new facilities. The Integrated Health Hub will be a one-stop solution, offering polyclinics, dental clinics, nursing homes and ancillary services. This will ensure that the residents of Bedok have all their healthcare needs taken care of without having to travel far. A long-term care facility will also be built in the vicinity, providing specialised eldercare services. These new and improved facilities will bring healthcare closer to Bedok’s residents, making it more convenient and easier for them to access.

The upcoming Tampines Ave 11 Condo is set to address the surging demand for private housing in the Outside Central Region. Comprising a mixed-use property, it will likely be popular amongst those seeking to upgrade from their current HDB property. Aimed at offering a convenient, accessible location, the condo will be linked to the soon-to-open Tampines North MRT station on the Cross Island Line, ensuring ease of access for all its future residents.

Apart from the schools in the area, there is a plethora of tuition centres and enrichment schools in Tampines, all of which provide students with the ideal ambience to further enhance their academic performance. Parents can find a wide selection of classes from language to science and mathematics, all designed to supplement the academic syllabus and propel students to the next level.

Mixed-use developments bring extraordinary convenience, with essential amenities such as stores, restaurants, and groceries built right in. In the case of Tampines Avenue 11 Condo, there is also the added bonus of a nearby hawker centre and bus interchange, allowing residents to get tasks done with ease. This level of convenience affords residents the rare opportunity to make the most of their time and hassle-free living.

Tampines North, a key component of the URA Master Plan, is seen as an extension of Tampines, set to provide a different kind of atmosphere with more lively residential, recreational, and working areas. Tampines Ave 11 Condo, situated within this precinct, will gain from the various parks, residential, and commercial builds being formulated for this area. It is envisaged to be a “green shoot and bud” of Tampines, providing a new and rejuvenating space.

The bid of $885 psf ppr put forward by the joint venture of Tampines Ave 11 Condo could indicate that the eventual selling price for residential units within the forthcoming development may start from $1,900 psf. The incorporation of sizeable retail elements as part of the mixed-use project suggests that potential homebuyers today may be open to paying more than S$2,100 psf.

Tampines Ave 11 Condo offers an optimal environment for families who are looking for the highest standard of education for their kids. Located in a highly accessible area, the development grants residents access to an array of top-notch educational institutions catering to all age groups and educational levels. This makes Tampines Ave 11 Condo the ideal place for growing and raising a family.

Residents living in Tampines Ave 11 Condo are blessed with great connectivity, making it an ideal base for those who rely on driving to get around. Its strategic position allows its residents to access and take advantage of various major expressways. The Pan-Island Expressway (PIE) is just minutes away, providing easy access to different parts of the city-state. The Tampines Expressway (TPE) and Kallang-Paya Lebar Expressway (KPE) are also close and offer seamless connections for convenient travel.

Standalone condos typically come with fewer facilities than their mixed-use development counterparts. Amenities such as pools, gyms, and barbecue areas may still be present, but they typically lack the added commercial spaces, community clubs, or public transportation facilities that mixed-use developments can offer.

Tampines Ave 11 Condo is situated conveniently in the mature town of Tampines, making it an excellent residential choice for families with children of varying ages due to the plethora of esteemed schools located in the vicinity. From childcare to tertiary level, high-quality educational institutions can be found near this condominium.

In its Master Plan, the URA lays out a number of transport infrastructure improvements in the vicinity of Tampines Ave 11 Condo. Among them is the impending Cross Island Line (CRL), which will positively impact the connectivity of residents living in the area. As part of the CRL, the new Tampines North MRT station will be conveniently located near Tampines Ave 11 Condo, furnishing locals with seamless access to different parts of Singapore.

The Urban Redevelopment Authority (URA) has formulated a Master Plan for Tampines, an extensive long-term plan focused on enhancing the livability of the region. This strategy carries considerable advantages for those living at Tampines Ave 11 Condo, with plans to upgrade amenities, infrastructure, and transport links – all of which will contribute to a more enjoyable lifestyle for residents.

The stakes in the upcoming Tampines Ave 11 Condo project will be shared evenly, with CapitaLand holding 50%, and UOL and SingLand splitting the remainder. On June 27, the joint venture partners revealed plans to deliver approximately 1,190 homes, as well as retail and community amenities to meet the ever-growing needs of Tampines North’s residential population.

Tampines Round Market & Food Centre is something of a Tampines mainstay when it comes to the local food scene. A bustling hub of activity, the market brings together locals to help satisfy their appetite with some of Singapore’s most esteemed dishes. Offering a variety of hawker stalls, the market is a great spot to get cheap and delicious meals from morning till night. It comes as no surprise then that the Tampines Round Market & Food Centre is a beloved spot among locals.

Tampines has been identified as a cycling town in the Master Plan. To make cycling safer and more enjoyable, new cycling paths will be added to the existing network. Residents of Tampines Ave 11 Condo could take advantage of this convenience to pursue a healthier and eco-friendly lifestyle by opting for cycling as an alternative form of transport.…

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Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project

 

Shui On Group, founded by Hong Kong billionaire Vincent Lo, is the parent company of Shui On Land, the property development arm that has announced the joint venture with Shanghai Pucheng. This new project seeks to redevelop land located in Pujiang Town, in the Minhang of district of Shanghai, which is home to Zhaojia Lou Ancient Town.

Zhaojia Lou Ancient Town is known for its canals and ancient water towns, and has been rated an AAAA tourist attraction by Chinese authorities, attracting over 500,000 visitors every year. Strategically located next to the Shanghai Shenjiahu Expressway and Shanghai North-South Elevated Road, the area is flanked by two subway lines.

The new development will include residential, commercial and ancillary facilities, with the joint venture aiming to preserve the unique history and culture of Pujiang Town while redeveloping it into a “new landmark of Shanghai”. Jessica Wang, CEO of Shui On Land, comments on the prospects for the project, noting the company’s experience in the urban-village renovation it has demonstrated in the Panlong Tiandi project.

Over the past 30 years, Shui On Land has been active in Shanghai, taking part in urban renewal projects across the city. Its success in Panlong Tiandi has given the group confidence in the future of the Zhaojia Lou project. With its experience in master planning, cultural preservation, community operation and urban regeneration, the group is well placed to create an exciting redevelopment opportunity in Pujiang Town.…

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Five-bedder at Parc Stevens sold for $2.65 mil profit

 

A first-floor unit at Parc Stevens was the most profitable condo resale transaction recorded during the week of April 4 to 11. The 3,466 sq ft five-bedroom unit fetched $7.86 million ($2,265 psf). The seller, who purchased the unit for $5.2 million ($1,500 psf) in April 2007, made a gain of $2.65 million (51%) after holding the unit for 16 years. This marks the highest psf-price recorded at Parc Stevens, which is a five-minute walk to the Stevens MRT Station, and the second most profitable transaction ever recorded at the development.

The second most profitable condo resale transaction that week took place at Yong An Park, a freehold development in River Valley. A four-bedroom unit measuring 3,434 sq ft on the 10th floor changed hands for $8.1 million, or $2,359 psf. The seller made a gain of $2.08 million (35%) after they purchased the unit for $6.02 million ($1,753 psf) in March 2012, holding it for 11 years.

Meanwhile, the most unprofitable transaction recorded during the week was the sale of a four-bedroom unit at Marina Bay Suites. On April 10, the 2,680 sq ft unit on the 25th floor was sold for $5.25 million ($1,959 psf). The seller had purchased the unit from the developer for $6.39 million ($2,383 psf) in December 2009, resulting in a loss of $1.14 million (18%) across a holding period of over 13 years.

Since January 2021, 24 resale transactions have taken place at Marina Bay Suites. 23 of these occurred below the purchase price and the respective sellers saw losses ranging between $7,000 and $3.25 million.

The most profitable condo resale transaction of the week of April 4 to 11 was the sale of a first-floor unit at Parc Stevens, a condo on Stevens Drive in prime District 10. The 3,466 sq ft, five-bedroom unit fetched $7.86 million ($2,265 psf) on April 10, which was $2.65 million (51%) more than the seller had paid for it in April 2007. This is the highest psf-price recorded at Parc Stevens, as well as the second most profitable transaction ever recorded at the development.

At Yong An Park, the second most profitable transaction of the week fetched $8.1 million, or $2,359 psf. This translates to a gain of $2.08 million (35%) for the seller, who had bought the unit for $6.02 million ($1,753 psf) in March 2012.

At Marina Bay Suites, the most unprofitable transaction of the week saw the seller make a loss of $1.14 million (18%) when the unit was sold for $5.25 million ($1,959 psf), after they had bought it from the developer for $6.39 million ($2,383 psf) in December 2009.

Overall, 23 out of 24 resale transactions that have taken place at Marina Bay Suites since January 2021 have occurred below the purchase price, resulting in sellers making losses ranging from $7,000 to $3.25 million.…

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CapitaLand Ascendas REIT divests local industrial building at 219% premium from 2005 purchase price

 

CLAR has a market capitalisation of $4.46 billion as at 12.20pm on April 20.

CLAR’s Manager has announced the divestment of Singapore industrial building KA Place for a consideration of $35.38 million. The proposed divestment is part of an active asset management strategy to improve the quality of CLAR’s portfolio and optimise returns for unitholders.

According to an April 20 filing, the REIT’s trustee, HSBC Institutional Trust Services (Singapore), has entered into a sale and purchase agreement to sell KA Place to KA Place SPV 1. This is a 219% premium to CLAR’s original purchase price of $11.1 million back in March 2005, and a 55% premium to the property’s Dec 31, 2022 market valuation of $22.8 million.

KA Place is a seven-storey high-specification industrial building located at 159 Kampong Ampat. The edifice includes a carpark on the second storey and has a total gross floor area of 10,163 sq m, with a remaining land lease tenure of about 35 years.

Net proceeds after divestment costs are expected to be $30.65 million. The manager says the net proceeds may be used to fund committed investments, repay existing indebtedness, make distributions to unitholders, or extend loans to subsidiaries.

Assuming the proposed divestment was completed on Jan 1, 2022, the pro-forma impact on CLAR’s net property income (NPI) and distribution per unit (DPU) for the financial year ended Dec 31, 2022 would have been a decrease of $0.92 million and 0.005 Singapore cents, respectively.

Using the net proceeds to repay CLAR’s borrowings as at Dec 31, 2022, the aggregate leverage will be reduced from 36.3% to approximately 36.2%. The proposed divestment is expected to complete within 2Q2023.

In accordance with the trust deed dated Oct 9, 2002 constituting CLAR, the manager is entitled to a divestment fee of 0.5% of the sale consideration of the property, which would be paid in cash.

Units in CapitaLand Ascendas REIT closed 3 cents higher, or 1.05% up, at $2.88 on April 20. CLAR has a market capitalisation of $4.46 billion as at 12.20pm on April 20.

The proposed divestment of KA Place is part of the manager’s asset management strategy to optimize returns for unitholders and provide better quality in CLAR’s portfolio. This divestment will enable the REIT to reinvest the net proceeds into value-adding opportunities.

The consideration sum represents a 219% premium to CLAR’s purchase price of $11.1 million in March 2005, and a 55% premium to the property’s Dec 31, 2022 market valuation of $22.8 million. The net proceeds after divestment costs are estimated to be $30.65 million, making it a great deal for the REIT.

Moreover, if the net proceeds were used to repay CLAR’s borrowings as at Dec 31, 2022, CLAR’s overall leverage will further decrease from 36.3% to approximately 36.2% – translating to improved financial health.

Units in CapitaLand Ascendas REIT closed 3 cents higher, or 1.05% up, at $2.88 on April 20. Market capitalisation recorded a total of $4.46 billion as at 12.20pm on April 20.

In accordance with the trust deed, the manager will receive a divestment fee of 0.5% of the sale consideration of the property.

Upon completion of the divestment, which is expected to take place within 2Q2023, CLAR will own 229 properties, comprising 96 properties in Singapore, 36 properties in Australia, 48 properties in the United States and 49 properties in the United Kingdom and Europe.…

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Ascott targets to double fee revenue to over $500 mil in next five years

 

The Ascott Limited, the lodging business unit of Capitaland Investment, has set a goal to double its fee revenue over the next five years. By FY2022, the company’s highest earnings on record reached $258 million. In that same year, Ascott’s fee revenue grew by 36% y-o-y due to its record signings and property openings.

The company also announced that it had hit its target of securing 160,000 units for 2023, with an additional 4,000 units signed up in the 1Q of FY2023. Ascott plans to expand its product offering, which spans serviced residences, hotels, co-living, and senior living from mid to luxury scale.

The growth over the five-year period will be driven by new openings and new signings at an expected annual growth rate of 8-10%. With its asset-light strategy, Ascott has doubled its units every five years, going from 20,000 units in 2008 to over 160,000 units today. Kevin Goh, CEO of Ascott and CLI Lodging, claims that these management and franchise contracts have “sticky recurring fee revenue and long tenures”, thus boosting the fee revenue.

Ascott seeks to secure higher quality management and franchise contracts for prime properties, and use its strong brand equity and direct distribution channels to make it happen. This is expected to create greater value for its property owners as well as customers.

Recent new openings include Citadines Connect City Centre Hotel on Orchard Road, and two properties in China and the Netherlands for $190 million through its serviced residence global fund. Ascott also launched its third co-living property in Singapore. With the new goals set, the business looks forward to a prosperous future that will undoubtedly see it continue to thrive.…

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EL Development draws 4,000 at three-day preview of Blossoms By The Park

 

Over the past three days, approximately 4,000 people have visited the Blossoms By The Park sales gallery since its opening on April 14. EL Development’s Managing Director Lim Yew Soon noticed that the visitors were mostly locals, confirming the project’s inpending launch on April 29.

Offering a variety of 1-4 bedroom premium units, Blossoms By The Park at Slim Barracks Rise, One-North will have prices that start from $1.291 million ($2,352 psf) for a one-bedroom-plus-study, to $3.335 million ($2,213 psf) for a four-bedroom premium. Ken Low, Managing Partner of SRI predicted that the average sale price range will be between $2,350 – $2,400 psf.

The condo offers attributes that are likely to attract many investors. It is only a 3 minute walk away from Buona Vista MRT Interchange Station, a 5 minute walk away from The Star Vista mall, 1km away from Fairfield Methodist School, and 5 minutes away from Greater Southern Waterfront.

Given the project’s excellent location, quality apartments, and impressive amenities, it comes as no surprise that Blossoms By The Park has already garnered so much attention.

To learn more about Blossoms By The Park, Slim Barracks Rise near Buona Vista MRT Interchange Station, Fairfield Methodist School and The Star Vista mall, make sure to check out the latest listings near the condo.…

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The Myst Eco-Friendly Features Near to Bukit Panjang Bus Interchange and Bukit Panjang Downtown MRT Station
Apr
12
Mortgage Property News Real Estate

The Myst Eco-Friendly Features Near to Bukit Panjang Bus Interchange and Bukit Panjang Downtown MRT Station

 

The Myst has a wealth of landscaping features that emphasize the importance of sustainability. Residents can enjoy the sense of peace and tranquility found in a rooftop garden surrounded by lush vegetation. Furthermore, rainwater harvesting systems have also been installed to help reduce water consumption and conserve natural resources. By combining these amenities, The Myst offers a unique and eco-friendly environment for its residents.

Residents of The Myst Condo can access a broad range of transportation options. The close proximity of the MRT stations, bus services and LRT services provides them with a range of choices for their transportation needs. Furthermore, the Bukit Panjang Bus Interchange offers a wide array of buses for their convenience. Moreover, the developer provides a complimentary shuttle bus service from 7am to 7pm to the Bukit Panjang Downtown MRT station. This service is available daily to all residents.

The Myst Condo offers its residents plenty of amenities and activities. Those residing here can take advantage of the various shops, restaurants, and other services located within walking distance of the property. Furthermore, nearby Bukit Panjang Plaza features a great selection of services and entertainment options. Popular attractions include the shopping mall, cinema, and food court.

The Myst Condo by CDL is a premier luxury living destination situated in the midst of Singapore’s picturesque Bukit Timah area. Featuring lush greenery and close proximity to nature reserves, those seeking a peaceful retreat away from the bustle of the city can find solace here. Nestled on the Upper Bukit Timah Road, the development is close to the buzz of the city, granting residents easy access to its plethora of amenities.

The Myst has been designed with energy efficiency in mind, making use of various green technologies to reduce energy usage. Highly efficient air-conditioning systems, intelligent lighting with motion sensors, and advanced appliances are all included to minimize energy consumption. Furthermore, the building is fitted with double-glazed windows and insulation to reduce heat loss and maximize energy efficiency.

Spanning 25,500 hectares, the West Region of Singapore is the largest of the country’s five regions. Its regional centre is Jurong East, while Jurong West is the most populous town. Home to many of Singapore’s heavy industries, the West Region is the destination of choice for international corporations such as BP, ExxonMobil, DuPont, Mitsui Chemicals, and Shell, primarily within the petrochemical sector. The government is pursuing further plans to develop the West Region, with a view to transforming Jurong Lake District into Singapore’s second Central Business District. Additionally, the Tuas Mega Port – which is due to be completed in the 2040s – is expected to become the world’s largest single container port, boasting an annual capacity of 65 million TEUs.

Sixth Avenue MRT station (DT71) serves Nanyang Girls’ High School. This station is part of the Downtown Line, and located along Sixth Avenue, towards the Bukit Timah area. It is a three-level underground station, with an elevator, escalator and stairs which make it easy to move between the ground and the station concourse levels. Passengers can easily access the platform via the escalator, which is at the far end of the station concourse. The station has four exits, which are located along Sixth Avenue, Bukit Timah Road, Eng Neo Avenue and the school grounds.

The station provides convenient access to Nanyang Girls’ High School and its surrounding amenities, such as cafes, restaurants, supermarkets and shopping malls. It also links to major bus routes, providing easy access to areas such as the Singapore Botanic Gardens, Dempsey Hill and Orchard Road.

The Tan Kah Kee MRT (DT8) station is located in close proximity to a number of prestigious educational institutions, including National Junior College, Hwa Chong Institution, Hwa Chong International School, and Raffles Girls’ Primary School. These schools are all well-regarded for the excellent education they provide and their students’ success in examinations. The convenience of having the station nearby is a great benefit to the students and staff of these esteemed institutions.

The Myst Condo offers easy access to numerous educational institutions, commercial establishments, parks, and the Tan Chong industrial park. It is the 19-storey Hazel Park condominium building which provides the backdrop to this bustling neighborhood. The location is positively connected to public transportation networks, being just seven minutes away from the Cashew Station on Singapore’s Downtown Line and a leisurely 13 minute walk from the former Bukit Timah railway station.

The Myst Condo is conveniently located close to several medical establishments. Walking distance away is the Bukit Panjang Polyclinic, surrounded by several healthcare amenities. These include the National University Hospital, the Sengkang Clinic, and the Tan Tock Seng Hospital. All of these medical facilities offer a wide range of services.

Living in The Myst Condo near Bukit Panjang Transport Hub provides convenience and flexibility for multigenerational families. Located close to Bukit Panjang MRT Station, Segar LRT station, and Bukit Panjang Bus Interchange, the condo is in an ideal spot for accessing a variety of public transportation services. This makes getting to desired destinations a cinch.

Situated proximal to The Myst Condo at Bukit Panjang, Zhenghua Nature Park provides a tranquil environment which serves as a green buffer to the Central Catchment Nature Reserve. With a bike or on foot, visitors to the park can easily explore the trails which feature varying levels of difficulty. There is a multitude of creatures that can be seen, including birds, squirrels, monitor lizards, and long-tail macaques.

The Downtown Line (DTL) has revolutionized Singapore’s public transit system. As the fifth MRT line, it has bridged parts of the city that previously lacked connectivity, including Bukit Panjang, Bukit Timah, and Bedok Reservoir. With its total of 34 stations, the DTL serves as a more efficient way to navigate the city and its core. Residents along the stretch from Bukit Panjang to Bukit Timah have seen a decrease of up to 30% in travel time when commuting into the city. Furthermore, DTL is also providing a more straightforward journey for those living in the eastern parts of the island, having reduced their bus trips and shrinking their commuting time.

The Downtown Line (DTL) has significantly boosted connectivity within the Central Business District (CBD), providing commuters with a much faster commute from Millenia Walk to Marina Bay Sands and City Hall Fringe. The freshly opened DTL3 adds an additional 21 km to the line, allowing for a direct route to Tampines Regional Centre and Changi Business Park without requiring a bus transfer. Thanks to the launch of this new third stretch, the Downtown Line grows to 42 km, thus transforming it into Singapore’s longest underground mass rapid transit line with no intermediate stops.

The Myst Condo by CDL is the ideal choice for those seeking luxurious living in a peaceful environment. With its close proximity to a host of nature reserves and parks, The Myst Condo by CDL is the perfect place to enjoy the best of both urban and natural living. Among the parks nearby are Bukit Batok Nature Park, Bukit Timah Nature Reserve, Dairy Farm Nature Park, Hindhede Nature Park, MacRitchie Reservoir Park, Singapore Quarry, Singapore Botanic Gardens, Bukit Panjang Park Connector, Bukit Batok Town Park and Bukit Timah Hill Park Connector.

The Myst CDL of the forest provides its residents with an atmosphere of luxury and comfort. It is outfitted with modern conveniences and amenities, including a swimming pool, gym, tennis court, and a clubhouse. Additionally, the condominium boasts a sky garden, where one can relax and take in the stunning views of the lush greenery around them.

The Myst Condo sits in a location that presents its residents with an unparalleled level of convenience. Located close to Bukit Panjang Integrated Transport Hub, residents will find that the area is equipped with plentiful amenities and facilities for their benefit. It is an ideal place to live for those looking for easy access to the city.

Situated near a number of green spaces, The Myst Condo residents can take full advantage of the surrounding parks and recreational areas. With easy access to the picturesque Bukit Panjang Park, Chestnut Nature Park, and Zhenghua Park, there is something for everyone to enjoy. From leisurely strolls to biking trails, playgrounds, and other recreational activities, these parks offer plenty of opportunities to get outdoors. Furthermore, The Myst Condo is near the Bukit Panjang Swimming Complex, which boasts an Olympic-size pool.

The Cashew Estate provides a peaceful rural ambience. The Rail Corridor, a hit with outdoor lovers, cyclists and joggers, commences at the former Tanjong Pagar Railway Station and culminates at the Kranji MRT Station. The forthcoming projects, The Reserve Residences at Beauty World and The Botany at Dairy Farm, both provide direct access to the Rail Corridor, and include useful maps. Plus, the Bukit Timah Nature Reserve is conveniently close, offering extra access to nature. At Cashew Estate, inhabitants can enjoy the perfect blend of indoor and outdoor living amidst stunning landscaping and lush emerald surroundings.

The Myst Condo at Bukit Panjang offers residents a modern luxurious living experience along with sustainable features. The project is equipped with a range of landscaping elements such as a rooftop garden, solar panels, energy-efficient lighting systems, native plants and trees, organic fertilizers and composting systems, water-efficient irrigation, and recreational facilities. This combination of features makes The Myst an ideal choice for those looking for an environmentally friendly living space.

The Myst Condo, a new development situated in the core of Bukit Panjang and Cashew, belongs to City Developments Limited. Aries, City Developments Limited’s affiliate, has acquired the rights to two neighbouring land parcels at 798 and 800 Upper Bukit Timah Road in northwest Singapore’s Tan Chong industrial park. This 16620 sqm (178,900 sqft) property, zoned for residential use, has a plot ratio of 2.1, thus allowing the developer to build a project of up to 24 storeys on the prime plot.

Botanic Gardens MRT (DT9) is just a short stroll away from the National University of Singapore (NUS) Bukit Timah Campus. Located in the heart of the bustling ‘garden city’, the station offers visitors direct access to NUS’ renowned facilities and attractions. With easy access to the surrounding amenities, visitors can conveniently head to the campus for a day of exploration and discovery. Whether one wishes to take a leisurely stroll through the lush gardens, explore the campus’ heritage architecture, or relax in the lecture halls, Botanic Gardens MRT (DT9) makes it easy to get to and from the National University of Singapore.

The strategic placement of The Myst gives City Developments Ltd. the opportunity to provide exclusive perks to its occupants. With its desirable location, these homes offer something special that can’t be found anywhere else.

The Myst Condo by CDL is a luxurious residence that offers a selection of modern facilities and amenities. Convenience is key, with shopping, dining, and entertainment options being readily available. The property provides an ideal space for relaxation and rejuvenation, with a fully-equipped gym, swimming pool, Jacuzzi, and yoga pavilion. Additionally, there is a children’s play area, BBQ pits, and a landscaped garden.

Hillview MRT (DT3) is located near two educational facilities – the German European School and St. Francis Methodist School. The two schools offer a range of educational opportunities for students in the local area. The German European School provides German language instruction as well as a range of international curricula from primary to secondary level, while St. Francis Methodist School offers a British curriculum from Kindergarten to Sixth Form. Parents who want to provide their children with an international education can count on these two schools to provide the highest quality education for their children. The close proximity to Hillview MRT (DT3) makes the two schools even more attractive for parents, providing easy access to the rest of Singapore.

Families searching for an ideal living situation in Bukit Panjang ought to consider The Myst Condo. This is the perfect place for a comfortable and convenient lifestyle. Those who opt to live here will be able to take advantage of a wealth of amenities and recreational choices, as well as different public transport options that make this location even more inviting. The Myst Condo offers a great opportunity to enjoy a great life within the city’s limits.

The strategic position of The Myst Condo, situated in the heart of Bukit Panjang, Singapore, puts it within a conveniently short walking distance of Bukit Panjang Integrated Transport Hub and Hillion Mall. This grants residents of The Myst Condo easy access to public transport and the convenience of nearby shopping and dining. All these attributes make The Myst Condo an ideal place to live for those searching for comfort, coupled with convenience.

The Myst Condo Upper Bukit Timah Road has demonstrated a dedication to sustainability by incorporating a number of green features into its landscaping design. To reduce reliance on chemical fertilizers, the development has implemented organic fertilizers and composting systems. Moreover, native plants and trees, which require minimal maintenance and are drought-tolerant, have been included in the design. Lastly, a water-efficient irrigation system has been installed to reduce water consumption.

Having these shopping centres just a stone’s throw away from The Myst Condo is great for residents as they can easily find the products they need without having to take a long trip. The location of The Myst Condo near to many shopping centres gives residents the convenience of reaching the goods and services that they need within a short time and with minimal efforts. Living near a shopping centre also allows residents to enjoy discounts and better prices, as well as a wider selection of goods and services. The Myst Condo offers its residents the best of both worlds – convenience and affordability.

Residents living in The Myst Condo enjoy the benefit of having a shopping center close by. By being situated near to many shopping centres, including Bukit Panjang Plaza, Fajar Shopping Centre, Hillion Mall, Junction 10, Bukit Panjang Hawker Centre, Cashew Village, Senja Cashew Community Centre, and Cashew Heights Shopping Centre, those living in the Condo can quickly access a host of products and services without having to drive miles away to a distant store.

The time saved by not having to travel and the convenience of having a shopping mall nearby, is invaluable. Additionally, residents can benefit from the wide selection of goods and services, discounts, better prices and other great promotions found in shopping centers. This makes The Myst Condo the perfect place to call home. With the added advantage of being so close to shopping centers, residents can enjoy the convenience of being able to access products and items not always available in smaller stores as well as having more time to spend on things that are truly important.

The Myst CDL at Bukit Panjang is a luxurious residential property committed to delivering sustainable and green living in the bustling and vibrant city of Singapore. Amidst the hustle and bustle of the city, the peaceful and lush environment of the property offers a perfect blend of urban and rural living. It provides residents with the perfect mixture of convenience and relaxation, so they can make the most of their stay.

The Myst by CDL is an exclusive living experience that promises its residents top-notch facilities and amenities. Featuring a 50-meter pool, a spacious clubhouse, and tennis courts, this mid-sized condominium project is an ideal residence for families with children, being only a short drive away from well-known educational institutions like Bukit Panjang Primary, CHIJ, National University of Singapore, and Ngee Ann Polytechnic. Furthermore, The Myst is conveniently located near several malls and shopping centers, such as Hillion Mall, Bukit Panjang Plaza, HillV2, The Rail Mall, and the upcoming The Reserve Residence Mall, providing its residents with easy access to various shopping, dining, and enrichment options.

The Myst Condo by CDL is ideally situated near multiple natural reserves and parks. It is only a short walk to the stunning Singapore Botanic Gardens and Bukit Timah Nature Reserve – offering opportune possibilities for outdoor fun such as hiking, biking, and bird watching. Therefore, The Myst Condo by CDL is the ideal spot to truly embrace and experience nature.

Situated just minutes away from Hillion Mall, The Myst Condo offers its residents easy access to popular shopping, dining and entertainment options. A mere 5-minute walk away, Hillion Mall houses a plethora of retail stores, food outlets and entertainment activities, such as a cinema and a bowling alley. Therefore, those residing at The Myst Condo can conveniently enjoy all that Hillion Mall has to offer.

Located in a prime area, The Myst Condo offers its residents access to a variety of top amenities. Residents can enjoy a gym, swimming pool, and BBQ area. There are also other recreational facilities such as a children’s playground, a jogging track, and a basketball court. All of these facilities make The Myst Condo an ideal place to stay. Additionally, the development is just a 10 minute walk from the nearest MRT station and multiple shopping malls. For those looking for a meal out, the surrounding restaurants and malls offer plenty of options. Furthermore, if you wish to take advantage of public transport The Myst Condo is close to Jelapang MRT, Choa Chu Kang MRT, and Yew Tee MRT. The developer also provides a free shuttle bus service to Bukit Panjang Downtown MRT.

The Tan Chong Industrial Park formerly known as “Myst” boasts an array of smart and eco-friendly features, making it the perfect residence for green-minded individuals. Its cleverly designed layout and resourceful utilization of resources have earned it a place among the most sustainable residential properties in this area.

At the Myst CDL at Cashew MRT Station, you will find modern luxuries interwoven with sustainability. This condominium development offers a perfect combination of modern living and luxurious lifestyle, while also boasting environmentally-friendly features. With its sustainable elements, this is the perfect option for those on the lookout for a green and ecologically-minded living space.

Living in Upper Bukit Timah yields a prime location when looking for access to top educational establishments nearby. The Cashew MRT station, located on the Downtown line, is a mere 5-minute walk away from the side gate of The Myst. For further distances, the National University of Singapore, Ngee Ann Polytechnic, and Singapore Polytechnic are all reachable by bus within 15 minutes. When scouting for homes in the neighborhood, properties in the area of Cashew to Bukit Timah make for a great option to consider, especially for those looking for homes close to sites of education. Listed here are some of the renowned schools that can be reached in proximity of the area’s MRT stations:

The Myst Condo’s location makes it easy for residents to reach other parts of the city-state, and be within walking distance of various shops and services. CDL is taking advantage of the greenery and renewal plans in the area in order to create a residential environment that livens up the neighbourhood and offers a pleasant and enjoyable life to its inhabitants.

CDL Aries has been given a golden opportunity to benefit from the various improvements and revamps taking place in the The Myst Condo area with the securing of its Upper Bukit Timah site. This is a wonderful chance to construct a residential project that will certainly attract Singaporeans and property investors with its prestigious address and surrounding conveniences.

Hillview and Bukit Panjang are notable for their lush green gardens and agricultural parks. The former is home to Dairy Farm Nature Park, Hillview Park, and the Jacob Ballas Children’s Garden, while the latter to revitalized agricultural land such as Dairy Farm Nature Park and agricultural parks such as the Dairy Farm Agro-Park and the Jurong Central Park cum Farm.

District 23, which covers Choa Chu Kang, Bukit Batok, Hillview, and Bukit Panjang, is highly desirable for both purchasers and tenants. Choa Chu Kang got its name from the Teochew word for “kangchu,” which means plantation owners. The small town has come a long way – it is now a modernized neighbourhood with well-developed transportation networks and two shopping malls, one near the Choa Chu Kang MRT station which is named Lot One Shoppers’ Mall, and offers plenty of shopping and dining alternatives. Explorers can still view the old fruit tree plantations when taking a walk in the Choa Chu Kang Park.

Bukit Batok is well-known for its magnificent spots such as Bukit Batok Town Park, Bukit Batok Nature Park, Bukit Batok Hill, and Little Guilin, which brings to mind Guilin in China, with tall granite rocks and a lake. The shopping center in Bukit Batok is West Mall, which contains a public library, post office and movie theater. Hillview and Bukit Panjang are acclaimed for their lush greenery and agricultural parks. The former is home to Dairy Farm Nature Park, Hillview Park, and the Jacob Ballas Children’s Garden. The latter has been revitalized and converted into agricultural land and agricultural parks, such as the Dairy Farm Agro-Park and the Jurong Central Park cum Farm.

The Myst is an upcoming development on two adjoining plots of land on Upper Bukit Timah Road, occupying a combined space of around 179,007 square feet. It is located near the Cashew Estate and hence provides potential buyers the chance to purchase a property in one of Singapore’s most desirable GCBA areas. The last new launch in the vicinity was the Espa condominium completed in 2010.

The Bukit Panjang Integrated Transport Hub is within easy reach of The Myst Condo – just a brisk five-minute stroll. The transport hub boasts the Downtown Line and the Bukit Panjang LRT, making getting around Singapore a breeze. Hop on the train to reach the city in no time or use the LRT to explore the local area. Plus, there are plenty of bus services that run from the hub, giving residents a convenient way to get to other destinations in Singapore.

King Albert Park MRT Station (OTC) provides convenient access to a variety of educational institutions, including Methodist Girls’ School (Primary), Methodist Girls’ School (Secondary), Hollandse School, Swiss School and Singapore Korean International School. All these 5 schools are located in close proximity to the station, allowing students and staff to commute quickly and easily. The excellent nearby transport links make these schools highly accessible for the community. The condo building is also designed to conserve energy, with green technologies such as solar panels and low-flow water fixtures.

The Myst Condo is designed to take full advantage of natural light and ventilation. With floor-to-ceiling windows and balconies, the building maximizes both of these elements for inhabitants. The balcony space also provides a tranquil green area with a lush garden that provides stunning views of the city. In addition, the residence features green technology to help conserve energy and reduce waste, including solar panels and low-flow water fixtures.

In recent years, the city-state has been striving to revitalize the Bukit Timah region through a selection of development plans to facilitate improved interconnectivity and the rising of more green spaces in the area. One such plan is the Railway Corridor project close to The Myst Condo, which intends to reconfigure the abandoned railway tracks into a communal domain. Similarly, the Beauty World rejuvenation scheme aims to generate a verdant town.

If you’re looking for an amazingly convenient location, The Myst Condo is the place to be! It’s just a half-hour walk to the Bukit Panjang MRT Station and Hillview MRT Station. Plus, there are numerous bus stops located nearby – like Bef Chestnut Avenue, Bukit Panjang Road and Upper Bukit Timah Road. And if that’s not enough, you can also get to Orchard Road and the Central Business District within 25 minutes.
The Bukit Panjang Integrated Transport Hub is an ideal location for commuters as it is surrounded by plenty of amenities and has easy access to multiple forms of public transportation. The nearby LRT and MRT stations provide easy access to the rest of Singapore.

In addition, the Bukit Panjang Integrated Transport Hub is also a great spot for shopping and leisure activities. The nearby Hillion Mall has lots of shops and eateries for the residents to enjoy. Those looking for entertainment can make their way to the nearby leisure park. The Bukit Panjang Integrated Transport Hub is the 9th Integrated Transport Hub in Singapore and is connected to the nearby Hillion Mall. Residents of The Myst Condo can benefit from the many educational institutions close by with De La Salle School being the nearest one. This property offers access to all types of educational facilities, as well as many international schools in the vicinity. For commuters, the Bukit Panjang Integrated Transport Hub provides easy access to other parts of Singapore by means of LRT and MRT. In addition to this, the hub is also a great spot for leisure and shopping with the Hillion Mall being within reach. Here, the residents can find plenty of shops and eateries, while having access to the leisure park for entertainment.

Newton MRT (DT10) and Anglo Chinese School (Barker Road) are two distinct, yet closely related landmarks in Singapore. Located within the same vicinity, these locations are popular among locals, as they form the epicentre of the bustling town of Newton. Newton MRT, the main train station within the area, serves as a hub of transportation for locals and visitors alike. The station is well connected to other parts of the country, making it the ideal starting point for any trip. Anglo Chinese School (Barker Road) is a popular international school, known for its vibrant student life and impeccable academic standards. With its prime position just minutes away from the MRT station, the School is easily accessible to all visitors, allowing them to experience its unique charm. These two landmarks are truly indicative of Newton’s vibrancy and energy, and provide a perfect base to explore the area.

The Myst Condo is conveniently located near a myriad of amenities. It is an ideal spot for families as the neighbourhood boasts many schools. Plus, those residing here are never far from the essentials, with a variety of medical centres, banks, supermarkets and other services nearby.

The Myst of the forest is an ideal destination for those seeking some R&R. Boasting stunning views, unparalleled amenities, and a tranquil ambiance, this luxurious condominium makes it easy to get away from it all. Not to mention its convenient proximity to the Bukit Timah Nature Reserve – perfect for exploring nature’s wonders on foot. All in all, the Myst of the forest is the perfect spot for anyone who wants to enjoy the beauty of nature in comfort and tranquility.

CDL Aries is in a great position to capitalize on the various development opportunities in the ever-growing residential area of Upper Bukit Timah. With the recent acquisition of two plots of land for S$126.3 million ($92.5 million), this could be the start of something special for the real estate developer. Singaporeans and investors alike are undoubtedly interested to see what the potential new condominium tower could bring to the region. As such, it is clear to see why CDL Aries made this strategic move, and why the project is highly anticipated.

The Myst of the forest is famed for its open vista, granting an unspoiled view of the encircling bucolic landscape. Those on the upper storeys of the condominium can take pleasure in an incomparable outlook of the Bukit Timah Nature Reserve and its verdant hilly terrain. The sights reach out over the skyline, imbuing an atmosphere of tranquility and repose.

Beauty World MRT station (DT5) is located near a number of educational institutions, such as Bukit Timah Primary School, Pei Hwa Presbyterian Primary School, and DIMENSIONS International College (Bukit Timah Campus). These institutions offer students a convenient means of access to the MRT station.

The Myst Condo of the forest at Bukit Timah Road is one of Singapore’s most sought-after residences. Set in a lush tropical landscape, with verdant foliage and stunning hills, this luxurious residential condominium offers unparalleled views of the surrounding natural beauty. Residents here are able to savor the tranquil beauty of the location, while enjoying all the convenience and comfort of modern living.…

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Mortgage Property News Real Estate

Two adjoining shophouses off Upper Thomson Road for sale at $10.5 mil

 

Located at 5 and 7 Jasmine Road, off Upper Thomson Road, are two freehold, adjoining shophouses on the market for sale via expression of interest (EOI) with a guide price of $10.5 million, or $2,665 psf on the floor area.

The two-storey shophouses have a total site area of approximately 3,650 sq ft and an existing combined floor area of about 3,940 sq ft.

Considered an ideal investment opportunity, these shophouses are zoned for “residential with commercial at 1st storey” use with a gross plot ratio of 3.0 and building height control of up to four storeys under the 2019 Master Plan.

Situated just 50m away from the popular Thomson Plaza shopping mall, the properties are easily accessed via major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway. The Upper Thomson MRT Station (situated on Thomson-East Coast Line) is a minute’s walk away, with the Caldecott MRT Station (an interchange with the Circle Line) one stop away.

Steven Tan, managing director of capital markets and investment sales at ERA Realty Network, the exclusive marketing agent for the shophouses, says that this “rare opportunity offers investors a chance to own a pair of freehold shophouses that offer immediate rental income and future capital appreciation potential in the long term”.

Tan also suggests that the successful buyer consider redeveloping the adjoining shophouses. Subject to the authorities’ approval, the redeveloped building could have a gross floor area of about 10,950 sq ft.

The properties come with existing tenancies and on an “as is where is” basis, and are also near to numerous amenities such as popular eateries, cafes and prestigious educational institutions including Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School, and Whitley Secondary School, all located within a 1-2km radius.

The EOI exercise for the property will close on May 8 at 3pm.

For those looking to take advantage of this rare opportunity, recent transactions of commercial property on Jasmine Road can be found via EdgeProp’s Research tool and the latest listings near Jasmine Road, Adelphi Park Estate, Upper Thomson MRT Station, Caldecott MRT, Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School, and Whitley Secondary School are available on EdgeProp’s Commercial Directory.

Two freehold, adjoining shophouses located at 5 and 7 Jasmine Road, off Upper Thomson Road, have been launched for sale via expression of interest (EOI) at a guide price of $10.5 million, or $2,665 psf on the floor area.

Accessible via major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway, these properties offer immediate rental income and future capital appreciation potential in the long term.

The two-storey shophouses have a total site area of approximately 3,650 sq ft and an existing combined floor area of about 3,940 sq ft. Zoned for “residential with commercial at 1st storey” use with a gross plot ratio of 3.0 and building height control of up to four storeys under the 2019 Master Plan, the successful buyer could consider redeveloping the shophouses into a four-storey residential building with commercial space on the first storey.

Nearby amenities range from popular eateries and cafes along Upper Thomson Road, Sin Ming Plaza, and Junction 8 shopping mall, to prestigious educational institutions such as Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School and Whitley Secondary School.

The properties are for sale with existing tenancies and on an “as is where is” basis. The EOI exercise for the property will close on May 8 at 3pm. Recent transactions of commercial property on Jasmine Road, as well as the latest listings near the various landmarks mentioned, are available on EdgeProp’s Commercial Directory.…

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Mortgage Property News Real Estate

Benefits and Advantages of Living near Bukit Panjang Integrated Transport Hub Explored

 

Living near an integrated transport hub is a great way to get around and save time. Bukit Panjang Integrated Transport Hub (BPITH) is a popular public transportation hub located in Bukit Panjang, Singapore. It is a major interchange station between the Downtown Line, Bukit Panjang LRT and the Sengkang-Punggol LRT lines. BPITH offers a convenient and cost-effective way for commuters to get around the city.

One of the main benefits of living near the BPITH is that it is more convenient for commuters. The hub offers direct access to multiple public transport lines, making it easy to get to work, school, or other destinations quickly. It also has a wide range of amenities such as retail stores, food outlets, and other recreational facilities. This means that there is always something to do or explore in the area, making it a great place to live.

Another advantage of living near the BPITH is that it is very cost-effective. The fare for the various public transport lines are relatively cheap and the hub offers discounted fares for commuters who use the same line multiple times. This makes it more affordable for commuters to get around the city without breaking the bank.

In addition to the convenience and cost-effectiveness of living near the BPITH, there are also many other benefits. The area around the hub is generally safe and secure, making it an ideal place to live. The Bukit Panjang area also has a wide range of entertainment options, such as malls, cinemas, and restaurants. Furthermore, the area is well-connected to other parts of the city, allowing commuters to get to their destination quickly and easily.

Overall, living near the BPITH has many benefits and advantages. It offers a convenient and cost-effective way to get around the city, as well as a safe and secure area to live in. The wide range of amenities in the area also make it an ideal place to live. Therefore, living near the BPITH is a great way for commuters to save time and money while still enjoying the convenience and comfort of a bustling transport hub.

Living close to Bukit Panjang Integrated Transport Hub (BPIH) offers an array of benefits and advantages for locals and visitors alike. BPIH is a multi-modal transport hub that links bus, rail and taxi services together, making it easier for commuters to move around the city. Here are some of the benefits and advantages of living near BPIH.

The first benefit of living near BPIH is the convenience it provides. It is an integrated transport hub, making it possible for people to get to their destination quickly and easily. Commuters no longer have to worry about taking multiple buses and trains to get to their destination. They can simply hop on a bus or train at BPIH and get to their destination in no time. Additionally, BPIH has many amenities and services, such as restaurants, ATMs, and convenience stores, making it easy for commuters to access basic services while waiting for their bus or train.

The second benefit is the cost savings associated with living near BPIH. By having access to multiple modes of transport, commuters can save money on their travel costs. For example, they can take the bus or train to their destination, which is often cheaper than taking a taxi. Additionally, they can enjoy discounted fares when they purchase tickets at BPIH.

The third benefit is the improved quality of life for locals living near BPIH. By having access to public transport, locals can access the amenities and services they need, such as hospitals, schools, and shopping centers, without having to travel too far from home. This can save them time and money and make life easier for them.

The fourth benefit is the increased safety associated with living near BPIH. By having access to public transport, locals can avoid walking long distances late at night, which can be dangerous. Additionally, public transport is often monitored by CCTV cameras, making it safer for commuters.

Overall, living near BPIH offers many benefits and advantages for locals and visitors alike. It is an integrated transport hub that provides commuters with the convenience, cost savings, improved quality of life, and increased safety they need to get around the city quickly and easily.…

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Mortgage Property News Real Estate

Investment Profitability of Bukit Panjang Properties: A Critical Appraisal

 

The investment profitability of Bukit Panjang properties has long been a much-debated and analysed topic. This is due to the fact that Bukit Panjang is a renowned residential and commercial neighbourhood located in the western part of Singapore. With its close proximity to the central business district, it is a popular residential choice for many.

The investment profitability of Bukit Panjang properties depends on several factors. Firstly, the location of the property is important. Properties in this neighbourhood are situated close to major transportation links such as the Downtown Line, Bukit Panjang MRT station and the Kranji Expressway. This makes it an ideal location for businesses as well as residential purposes.

Secondly, the quality of the property itself is another important factor to consider. The quality of the property as well as the amenities within the vicinity of the property are important considerations for potential investors. Popular amenities in Bukit Panjang include shopping malls, supermarkets, restaurants and a wide variety of educational and recreational facilities.

Thirdly, the price of the property is also an important factor to consider. Prices of Bukit Panjang properties vary greatly depending on the size, location, quality and amenities. Prices can range from the mid to high range depending on the property.

Finally, the rental yield of Bukit Panjang properties is also an important factor to consider. Average rental yields in Bukit Panjang are higher than the national average which means that investors can expect to receive a higher return on their investment.

In conclusion, it can be said that the investment profitability of Bukit Panjang properties is high and the factors mentioned above can be used to determine the profitability of any property in this neighbourhood. The higher quality and amenities coupled with the close proximity to the CBD make Bukit Panjang an ideal choice for those looking to invest in property in Singapore.

Bukit Panjang is one of the largest townships in Singapore, and is located in the western region of the country. With its proximity to the city centre, the area is popular among investors who are looking for a high return on their investment. This article will provide a critical appraisal of the investment profitability of Bukit Panjang properties.

The first factor that should be taken into consideration when assessing the investment profitability of Bukit Panjang properties is the location. Bukit Panjang is located near the Central Business District and is well served by public transportation. This makes it an ideal location for those looking for a convenient and accessible place to live and work. Additionally, the area is known for its vibrant nightlife and excellent dining options, making it a popular destination for tourists and expats who want to experience the best of Singapore.

The second factor to consider is the current market conditions. Bukit Panjang properties are highly sought after, as the area is attractive to both locals and foreigners. This means that the demand for properties in the area is consistently high. Furthermore, prices of properties in the area are relatively stable, and there is a wide range of options available, ranging from affordable apartments to luxurious villas. This makes the area attractive to potential investors who are looking for an investment that has the potential to generate a high return.

Finally, the investment profitability of Bukit Panjang properties should also be judged based on the rental yields. According to data from the Housing and Development Board, the median monthly rent in the area is between SGD$2,500 and SGD$2,800. This is relatively high compared to other areas in Singapore, and indicates that there is a strong demand for rental properties in the area. Additionally, rental yields are also attractive, with some properties generating rental yields of up to 4%.

In conclusion, Bukit Panjang properties are an attractive option for investors due to their location, current market conditions, and attractive rental yields. The area is well-served by public transportation and is known for its vibrant nightlife and excellent dining options. Furthermore, prices of properties in the area are relatively stable, and rental yields are attractive. Therefore, an investment in Bukit Panjang properties can be a profitable one.…

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