Category: Real Estate

Grade A office rents in the Central Business District (CBD) saw a marginal increase of 1.0% q-o-q in 1Q2023, according to research by real estate consultancy JLL. This represented the second consecutive quarter of slower growth, down from the 1.2% q-o-q recorded in the previous quarter.

Andrew Tangye, head of office leasing and advisory at JLL Singapore, cites macroeconomic uncertainties as the main contributor to the slower growth, with larger space users exercising caution over relocation and expansion plans. This has meant that leasing activity in 1Q2023 was driven mainly by small-to-medium-sized occupiers with immediate needs, such as companies that had increased hirings or needed to accommodate new workspace designs.

Notable tenants that have taken up space at Guoco Midtown in the Bugis-Beach Road area and IOI Central Boulevard Towers in the Marina Bay financial district include financial services, technology, media, and professional service companies. Other soon-to-be-completed projects in the vicinity, such as Labrador Tower at Pasir Panjang Road, have also secured tenants with Prudential reportedly taking up 150,000 sq ft of space at the green-marked Super Low Energy development.

Tay Huey Ying, head of research and consultancy at JLL Singapore, notes that despite the “cautious environment”, occupiers searching for better office space have seen an opportunity to upgrade. That being said, she expects backfilling of space vacated due to relocation to take a while, in turn keeping rental growth modest or even static for the remainder of the year.

In the long-term, however, Tangye believes rental growth should pick up pace again post-2024, given the lowered influx of new completions and the potential for demand to rise as the economy improves. He concludes that now may be a good opportunity for larger space users to lock in spaces in good buildings.…

Bukit Timah is a prime residential district located in the central region of Singapore. It is known for its affluent neighborhood, picturesque surroundings, and an excellent mix of amenities that cater to the needs of residents. The place offers a perfect balance between a calm suburban lifestyle and urban convenience, making it one of the most sought-after locations in Singapore. In this article, we will explore why Bukit Timah is a great place to live and why you should consider making it your home.

Luxurious Lifestyle

Bukit Timah is a prime location for those who value luxurious living. It is home to some of the most upscale residential developments in Singapore, ranging from luxury condominiums to lavish landed properties. The area boasts of spacious and modern homes that are designed to cater to the needs of residents who are looking for a comfortable and lavish lifestyle.

The area also offers a plethora of recreational facilities that cater to the needs of residents. Bukit Timah Nature Reserve is a popular spot for nature lovers and hikers, providing a great escape from the hustle and bustle of city life. The area is also home to various sports clubs and facilities such as the Bukit Timah Saddle Club and the Singapore Island Country Club.

Seamless Connectivity

Bukit Timah is well-connected to other parts of Singapore, making it an ideal location for residents who need to commute to work or school. The area is served by various transportation options such as buses, trains, and taxis, making it easy for residents to travel around the city. The Downtown Line, which is a recent addition to the MRT network, runs through Bukit Timah, providing residents with direct access to the Central Business District.

In addition, Bukit Timah is also located near major expressways such as the Pan Island Expressway (PIE) and the Bukit Timah Expressway (BKE), which connect residents to other parts of Singapore. This makes it easy for residents to travel to other parts of Singapore, whether for work or leisure.

Excellent Education System

Bukit Timah is home to some of the best schools in Singapore, making it an ideal location for families with school-going children. The area is known for its excellent education system, with various reputable schools such as Hwa Chong Institution, Nanyang Girls’ High School, and the National Junior College located within the vicinity.

The area is also home to various international schools such as the Swiss School and the German European School, providing expatriate families with a great option for their children’s education. With such an excellent education system, residents can rest assured that their children will receive the best education available.

Amenities

Bukit Timah offers an excellent mix of amenities that cater to the needs of residents. The area is home to various shopping centers, such as the Bukit Timah Plaza and the Beauty World Centre, providing residents with a great shopping experience. The area is also home to various restaurants, cafes, and food centers, providing residents with a wide variety of dining options.

For those who enjoy outdoor activities, Bukit Timah offers various parks and green spaces such as the Bukit Timah Nature Reserve and the Rail Corridor. Residents can also enjoy various recreational facilities such as the Bukit Timah Saddle Club and the Singapore Island Country Club.

Conclusion

Bukit Timah offers a perfect balance between luxurious living and urban convenience, making it an ideal location for those who value a comfortable and lavish lifestyle. With its excellent education system, seamless connectivity, and a plethora of amenities, it is no surprise that Bukit Timah is one of the most sought-after locations in Singapore. If you are looking for a great place to live, Bukit Timah should be at the top of your list. With its prime location, luxurious lifestyle, excellent education system, and seamless connectivity, Bukit Timah offers everything you need for a comfortable and convenient life.

Additionally, the area is also known for its vibrant community, with various community events and activities organized regularly. This creates a sense of belonging and community spirit, making Bukit Timah a great place to call home.

In conclusion, Bukit Timah is a prime residential district that offers a perfect balance between a calm suburban lifestyle and urban convenience. With its luxurious living, seamless connectivity, excellent education system, and a plethora of amenities, Bukit Timah is an ideal location for those looking for a comfortable and lavish lifestyle. If you are looking for a place to call home in Singapore, consider Bukit Timah, and you won’t be disappointed.…

CDL, or City Developments Limited, is a Singapore-based real estate developer that has been in operation for over 50 years. The company was founded in 1963 and has since grown into one of the largest real estate developers in Singapore, with a presence in over 100 locations worldwide.

Over the years, CDL has built a reputation for developing high-quality residential, commercial, and industrial properties. The company’s portfolio includes some of the most iconic buildings in Singapore, such as the Singapore Marriott Tang Plaza Hotel, the One Shenton residential tower, and the Republic Plaza office building.

CDL has also been recognized for its commitment to sustainability and environmental responsibility. The company has received numerous awards for its efforts to reduce carbon emissions, conserve energy, and promote sustainable building practices. CDL was the first developer in Singapore to receive the Green Mark Platinum Award for its City Square Mall development, which was recognized for its innovative green features and sustainable design.

In addition to its real estate development activities, CDL is also involved in property investment, hotel ownership and management, and facilities management services. The company owns and operates a number of hotels and resorts around the world, including the Millennium Hotels and Resorts brand.

CDL’s success can be attributed to a number of factors. The company’s focus on quality, innovation, and sustainability has set it apart from its competitors. CDL has also been successful in building strong partnerships with its stakeholders, including its customers, employees, and the communities in which it operates.

CDL’s commitment to innovation is evident in its use of cutting-edge technology and design to create some of the most iconic buildings in Singapore. For example, the company’s One Shenton residential tower features a distinctive elliptical shape that maximizes natural light and views of the city skyline. CDL has also incorporated sustainable features into many of its developments, such as solar panels, rainwater harvesting systems, and green roofs.

CDL’s commitment to sustainability is driven by a desire to create buildings that are not only environmentally responsible but also provide a healthy and comfortable living and working environment for their occupants. The company’s efforts have been recognized with numerous awards and accolades, including the BCA Green Mark Award, the Green Building Award, and the Singapore Environmental Achievement Award.

CDL’s success is also due to its strong relationships with its stakeholders. The company places a high priority on customer satisfaction and has been recognized with numerous awards for its customer service. CDL also values its employees and has been recognized as one of the best companies to work for in Singapore. The company is committed to providing a safe and healthy workplace and offers a range of employee development and training programs.

CDL is also committed to giving back to the community. The company’s philanthropic arm, the CDL Foundation, supports a range of social and environmental causes. The foundation has donated millions of dollars to support education, healthcare, and environmental conservation initiatives in Singapore and around the world.

In conclusion, CDL is a world-class real estate developer that has built a reputation for quality, innovation, and sustainability. The company’s commitment to creating buildings that are environmentally responsible, provide a healthy and comfortable living and working environment, and contribute to the well-being of the community has set it apart from its competitors. CDL’s success is a testament to the company’s strong partnerships with its stakeholders, including its customers, employees, and the communities in which it operates.…

Bukit Panjang is a suburban town in the northwestern part of Singapore. It is a residential area that is known for its greenery and tranquil surroundings. In recent years, Bukit Panjang has undergone significant development, and shopping centers have sprung up to meet the growing needs of residents. In this article, we will review some of the shopping centers in Bukit Panjang.

1. Hillion Mall

Hillion Mall is a relatively new shopping center that opened its doors to the public in 2017. It is located next to the Bukit Panjang MRT station, making it easily accessible for residents and visitors. The mall spans five levels and has over 240 shops, including a cinema, a supermarket, and a food court.

One of the unique features of Hillion Mall is its outdoor Sky Garden, which provides a green and relaxing space for shoppers to take a break. There is also a rooftop garden that offers stunning views of the surrounding area. The mall has a good mix of retail, F&B, and entertainment options, making it a popular destination for families and young adults.

2. Bukit Panjang Plaza

Bukit Panjang Plaza is one of the oldest shopping centers in the area. It first opened its doors in 1994 and has undergone several refurbishments since then. The mall is located near the Bukit Panjang MRT station and the Bukit Panjang Bus Interchange, making it a convenient location for residents to shop and dine.

The mall has five levels, with a variety of shops and F&B outlets. There is a supermarket and a food court on the top floor, where visitors can enjoy a wide range of local and international cuisine. The mall also has a number of fashion and beauty stores, as well as a cinema and a karaoke center.

3. Junction 10

Junction 10 is a shopping center that caters to the needs of residents in the Bukit Panjang and Choa Chu Kang areas. The mall opened in 2012 and has over 100 shops and F&B outlets spread across three levels. The mall is located next to the Bukit Panjang MRT station and is easily accessible by public transport.

Junction 10 has a good mix of anchor tenants and specialty stores, including a supermarket, a food court, and a cinema. There are also a number of beauty and wellness outlets, as well as a pet store and a bookstore. The mall has a family-friendly atmosphere and is a popular destination for residents with young children.

4. Fajar Shopping Centre

Fajar Shopping Centre is a neighborhood mall that caters to the needs of residents in the Fajar area of Bukit Panjang. The mall has been around for many years and has undergone several refurbishments to keep up with changing trends and consumer needs. The mall is located near the Fajar LRT station and has a mix of retail and F&B outlets.

Fajar Shopping Centre has a supermarket, a food court, and a number of specialty stores, including a bakery, a florist, and a pet store. The mall is known for its affordable prices and is a popular destination for residents looking for bargains.

5. Greenridge Shopping Centre

Greenridge Shopping Centre is another neighborhood mall that caters to the needs of residents in the Greenridge estate. The mall has been around for many years and has a mix of retail and F&B outlets. The mall is located near the Bukit Panjang MRT station and is easily accessible by public transport.

Greenridge Shopping Centre has a supermarket, a food court, and a number of specialty stores, including a bakery and a pharmacy. The mall is known for its friendly and welcoming atmosphere and is a popular destination for residents looking for a quick and convenient shopping experience.

In conclusion, Bukit Panjang has a variety of shopping centers that cater to the needs of residents and visitors. Hillion Mall and Junction 10 are larger malls that offer a wide range of retail, F&B, and entertainment options, while Bukit Panjang Plaza, Fajar Shopping Centre, and Greenridge Shopping Centre are smaller neighborhood malls that provide a more intimate shopping experience.

Each mall has its unique features and strengths. Hillion Mall is known for its Sky Garden and rooftop garden, while Bukit Panjang Plaza has a good mix of fashion and beauty stores. Junction 10 has a family-friendly atmosphere, while Fajar Shopping Centre and Greenridge Shopping Centre are known for their affordable prices.

One of the strengths of these shopping centers is their accessibility. All the malls are located near MRT stations or bus interchanges, making it easy for residents and visitors to get there. They also have a good mix of anchor tenants and specialty stores, providing a variety of options for shoppers.

In recent years, online shopping has become increasingly popular, and many retailers have started to offer e-commerce platforms. However, these shopping centers continue to attract shoppers because they offer a unique shopping experience that cannot be replicated online. The malls provide a space where people can come together, socialize, and enjoy the experience of shopping.

Overall, the shopping centers in Bukit Panjang provide a convenient and enjoyable shopping experience for residents and visitors. Whether you are looking for groceries, fashion, beauty products, or entertainment, there is something for everyone. These malls continue to evolve and improve, keeping up with changing trends and consumer needs.…

Bukit Panjang, which translates to “long hill” in Malay, is a residential town located in the northwestern region of Singapore. With a population of over 140,000 people, Bukit Panjang is one of the more densely populated areas of Singapore. Despite this, it has several advantages that make it an excellent place to stay. In this article, we will explore the benefits of living in Bukit Panjang.

Convenient Transportation

One of the most significant advantages of living in Bukit Panjang is its excellent transportation network. The town is served by several major roads, including the Bukit Timah Expressway, Kranji Expressway, and Pan Island Expressway, making it easy to commute to other parts of Rent Out Condo Singapore. Bukit Panjang is also connected to the Downtown Line and LRT system, providing residents with easy access to other parts of Singapore, including the Central Business District (CBD). With public transport options like MRT and LRT, residents of Bukit Panjang can travel to most parts of Singapore with ease.

Serene and Lush Environment

Despite being located in the heart of Singapore, Bukit Panjang is known for its lush greenery and serene environment. The town is surrounded by nature reserves, parks, and gardens, providing residents with ample opportunities to enjoy nature. Bukit Timah Nature Reserve, Bukit Batok Nature Park, and Dairy Farm Nature Park are some of the popular parks and nature reserves located within a short distance from Bukit Panjang. This makes it an ideal location for those who enjoy the great outdoors and want to escape the hustle and bustle of city life.

Excellent Educational Institutions

Bukit Panjang has some of the best educational institutions in Singapore. The town is home to several primary and secondary schools, including the Bukit Panjang Primary School, Beacon Primary School, and Zhenghua Secondary School. For those seeking higher education, the Republic Polytechnic and Nanyang Technological University are located nearby. This makes it an excellent place to stay for families with children who value education and want to provide their children with the best possible education.

Great Shopping and Entertainment Options

Bukit Panjang has several shopping and entertainment options, making it an ideal location for those who enjoy shopping and socializing. The town is home to the Hillion Mall, which has several shops, restaurants, and a cinema. The Bukit Panjang Plaza and Junction 10 Shopping Mall are other popular shopping destinations. In addition to shopping, there are also several community centers, parks, and sports facilities, providing residents with ample opportunities for recreation and entertainment.

Affordable Housing Options

Despite being one of the more densely populated areas in Singapore, Bukit Panjang has several affordable housing options. The town has several public housing estates, including the Bukit Panjang Estate, which has several flats that are affordable for most Singaporeans. In addition to public housing, there are also several private condominiums and apartments, making it an ideal location for those who want to live in a beautiful and affordable place.

Vibrant Community

Bukit Panjang has a vibrant and diverse community, making it an ideal location for those who value community living. The town has several community centers, where residents can engage in various activities and events. There are also several religious institutions, providing residents with a sense of belonging and community. The town also has several grassroots organizations that organize events and activities, bringing residents together and fostering a sense of community spirit.

Conclusion

In conclusion, Bukit Panjang is an excellent place to stay in Singapore, offering its residents several advantages. With excellent transportation, a lush environment, excellent educational institutions, great shopping and entertainment options, affordable housing, and a vibrant community, Bukit Panjang is a great place to live for individuals and families alike. Its convenient location and transportation network make it easy to access other parts of Singapore, while its serene environment and nature reserves provide residents with opportunities to escape the city’s hustle and bustle. The town’s excellent educational institutions make it an ideal location for families with children, and its shopping and entertainment options make it a great place for socializing and recreation.

Furthermore, Bukit Panjang’s affordable housing options make it an attractive location for those looking to settle down in a beautiful and vibrant community without breaking the bank. The town’s public housing estates and private condominiums and apartments offer a wide range of options for individuals and families, ensuring that there is something for everyone.

In addition to its excellent amenities and facilities, Bukit Panjang is known for its strong sense of community. The town’s grassroots organizations and community centers organize events and activities that bring residents together, fostering a sense of community spirit and belonging. This makes Bukit Panjang a great place to live for individuals who value community living and want to build long-lasting relationships with their neighbors.

Overall, Bukit Panjang is a great place to stay in Singapore, offering its residents the best of both worlds – the convenience of city living and the tranquility of nature. Its excellent amenities, affordable housing options, and strong sense of community make it an ideal location for individuals and families who want to live in a vibrant and welcoming community.…

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A commercial shophouse located at 52 Boat Quay in Singapore has recently been sold for $37 million, making the seller a gain of $16 million. This six-storey property sits on a 1,119 sq ft site and has an estimated total built-up area of 6,446 sq ft. Savills Singapore acted as the broker for this transaction.

The building underwent extensive renovations in 2015 and has since been converted into a modern and well-equipped commercial space. Upon closer inspection, the top two floors are occupied by the Italian restaurant Braci while the ground floor is home to an Izakaya bar. Additionally, corporate office tenants take up residence on the second and fourth floors.

Yap Hui Yee, the Executive Director of Investment Sales and Capital Markets at Savills Singapore who brokered the deal, commented on the high interest the property garnered from investors. She cited its rarity as a factor in its desirability, as “shophouses in the Boat Quay precinct are typically tightly held”. The house has a riverfront-facing aspect, making it an “excellent opportunity” for her long-term client to acquire a “charming flagship property in the heart of the CBD”.

Saville’s records show that the seller purchased the property just a year ago in June 2018 for $21.35 million. This sale highlights the demand for high-quality commercial shophouse properties in prime areas.

If you are considering a purchase of a similar property, be sure to check out the latest listings near Boat Quay!

High-end shophouses in Singapore’s Boat Quay precinct hold a unique appeal, as evidenced by the recent sale of this particular property located at 52 Boat Quay. Boasting a total built-up area of 6,446 sq ft and a strategic riverfront-facing location in the heart of the CBD, the building was sold for $37 million — a gain of $16 million for the seller.

Savills Singapore acted as the broker for the sale and Yap Hui Yee, the Executive Director of Investment Sales and Capital Markets at Savills Singapore, noted the significant interest the property garnered from investors. Said Yap, “This shophouse was an excellent opportunity for my long-standing client to acquire this charming flagship property in the heart of the CBD.”

It is clear that the property underwent extensive renovations and modernization in 2015, as the modern and well-equipped commercial space is now occupied by the Italian restaurant Braci on the top two floors, an Izakaya bar on the ground floor, and corporate office tenants on the second and fourth floors.

Saville’s records further show that the seller purchased the property just a year ago in June 2018 for $21.35 million. This sale, coupled with the high demand for such commercial shophouse properties, is a testament to the desirability of properties in prime locations.

Are you looking to acquire a similar property in a prime area? Make sure to check out the latest listings near Boat Quay around!…