Category Archives: Uncategorized

Lendlease first in Singapore to achieve WELL certifications

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Parc Riviera Project Details

In an Aug 24 press release, Lendlease states that PLQ was the first group of jobs in Singapore to sign up for WELL Certification in 2017. The development has included many key sustainability features, including 100,000 sq ft of environment-friendly public rooms, filtering systems that sustain premium interior air top quality, and the use of reduced unpredictable organic compounds or VOC products.

Lendlease is the initial commercial proprietor on the planet to earn a WELL profile score for its office profile from IWBI. Lendlease’s International Towers Sydney in Australia was the initial to be granted WELL Core & Shell Certification at the Platinum level, the highest certification offered from IWBI.

All 3 workplace towers at Lendlease’s mixed-use advancement Paya Lebar Quarter (PLQ) have obtained the International WELL Building Institute’s (IWBI) WELL Core & Covering Qualifications at the Gold level. The towers– PLQ 1, 2 and also …

Paya Lebar Airbase to make way for future town with 150,000 new homes

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When Paya Lebar Airbase moves out in the 2030s, it will certainly be redeveloped into a new town with around 150,000 brand-new homes, states Prime Minister Lee Hsien Loong, at the National Day Rally on Aug 21.
Read also: The next chapter in Paya Lebar’s growth

The moving of the airbase to Changi was introduced in the National Day Rally of 2013. Paya Lebar Airport formally opened up in 1955, and was Singapore’s initial commercial global airport prior to Changi Airport was developed. In 1981, Paya Lebar Airport was converted into an army airbase.

When it’s transferred, Artist’s perception of future community with main spinal column on the site of the Paya Lebar Airbase

The relocation of the airbase will certainly likewise mean a few of the structure elevation limitations around it can be lifted. This means, neighbouring towns such as Hougang, Marine Parade or Punggol can be redeveloped, with …

Frasers Property appoints Wong Ping as CIO of Frasers Property Capital

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Frasers Property has actually introduced the appointment of Wong Ping as primary investment police officer of Frasers Property Capital, a newly-formed corporate team feature that will concentrate on growing funding collaborations with lasting financiers throughout markets and also possession classes.

Chia highlights that a strong as well as varied resources base is needed to execute the group’s strategic top priorities. “Forming Frasers Property Capital currently to collaborate with straightened partners, as part of our broader possession as well as funding management strategy, is an all-natural evolution in our journey,” he says.
He adds that lasting strategic institutional investors will certainly value the team’s established realty platforms that are backed by experienced local groups in their particular markets.

Wong joined in July as well as is based in Singapore. She reports to group chief corporate officer Chia Khong Shoong. Ping has more than 25 years of experience in …

Commercial shophouse on New Bridge Road up for sale, valued at $22 mil

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Parc Riviera Condo

A commercial shophouse at 21 New Bridge Roadway has been offered and the four-storey industrial shophouse will be offered in an exclusive treaty sale, according to a news release by the advertising representative Sakal Realty Allies on Aug 15.

Read also: 2 1http:///2 storey freehold preservation shophouse in Lavender up for sale at $7.5 mil
While there is no a measure price or guide cost given, Sakal claims that the home was just recently valued at regarding $22 million, on the basis of a refurbished shophouse with a bigger flooring area of 6,063 sq ft.

The ground-floor industrial device of the shophouse is approved for restaurant use, while the top floors appropriate for office usage, as a shop, or food takeaway delay. The procurement is open to international and neighborhood customers, and the transaction will not attract extra buyer’s stamp obligation or seller’s stamp duty.

The property …

Sky Everton hits new psf price high of $3,406 psf

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Parc Riviera Condo

A six-bedroom, 2,228 sq ft penthouse at Sky Everton was cost $7.59 million ($ 3,406 psf) on July 26
The advancement was released for sale in June 2019, with greater than 40% of devices marketed during its launch weekend at an average rate of around $2,500 psf. According to evaluation on EdgeProp Singapore’s research study device, the project has actually seen fairly constant sales as well as costs have slowly risen to approximately $2,865 psf in the last 12 months since August.

The sale of a six-bedroom penthouse at Skies Everton fetched a new psf rate. The 2,228 sq ft unit was marketed by programmer SL Capital– a joint endeavor of Continual Land, Ho Lee Team, Kwong Lee Land and Penjuru Capital– for $7.59 million on July 26, which works out to $3,406 psf.

Houses at One Bernam were released to buy in May in 2015. To …

Lendlease Global Commercial REIT announces DPU of 2.45 cents for 2HFY2022

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Web home income for the same duration was up $45.9 million, up 72.9% y-o-y, driven by payments from newly-acquired risk in the Jem shopping mall along with much better operating numbers at 313@Somerset, its various other essential possession.

“The superb set of outcomes that we supplied is a testament of our commitment to produce worth for our unitholders. Not just did we prosper in producing sustainable worth for Unitholders, we additionally bigger our financial toughness and durability,” he includes.

For FY2022, the REIT managed to attain a portfolio tenancy of 99.8%, with a heavy typical lease expiration duration of 8.7 years by web leasable area and 5.5 years by gross rental earnings.
As at June 30, its profile is valued at $3.6 billion, up 2.5%.

The REIT supervisor notes that its lessee sales for 4QFY2022 has actually recovered to go beyond the pre-Covid duration. The REIT has handled to achieve …

Freehold five-storey building on Serangoon Road for sale at $48.8 mil

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The EOI for the freehold, business building at 202 Serangoon Road closed on September 8, 2022.

Having garage within the structure is an included reward, observes Tan, particularly in a location like Little India Conservation Area where parking space is uncommon. Farrer Park MRT station as well as the City Square Mall is additionally within a five- to six-minute walk.

The property, five-storey commercial building at 202 Serangoon Road lies within a five-minute walk of the Farrer Park MRT terminal as well as the City Square Mall

The building comes with a restaurant/F & B licence. “The standalone building has a dual frontage along Serangoon Road and Hindoo Road,” he adds.

“There’s a lot of capitalist rate of interest– from both regional and also international entities– in industrial shophouses,” claims Tan. This is backed up by PropNex Research in its recent 2Q2022 report on the business shophouse …

Four-bedroom unit at Top Ten in Emerald Hill sold for $3.4 mil profit

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Parc Riviera

The second-most lucrative offer for July 12 to 26 was located at The Shelford. The purchase was for a 2,174 sq ft, four-bedroom penthouse on the top floor of among the development’s five-storey blocks. The system was bought 13 years ago for $1.93 million ($ 888 psf), and just recently transformed hands for $4.15 million ($ 1,909 psf). For the seller, it converts to a gain of $2.22 million.

The 215-unit, freehold condo, positioned on Shelford Road in prime District 11, was created by CapitaLand as well as finished in 2005. The task is preferred with family members with school-going children, given its closeness to colleges such as Anglo-Chinese School (Junior), St Margaret’s Secondary School, Anglo-Chinese School (Primary) and Raffles Girls’ Primary School.

The Arcadia is a 10-storey condo project with simply 164 units. Three-bedroom devices are sized from 3,466 to 3,735 sq ft, while four-bedroom devices are …

Construction firms cautiously optimistic as demand picks up, but labour crunch and cost pressure persist

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Parc Riviera Condo Register Interest

Research study by Turner & Townsend estimates that public-sector building and construction need this year could range from $16 billion to $19 billion, contrasted to $17.8 billion that was taped in 2021. At the same time, private-sector projects could appear at $11 billion to $13 billion this year, contrasted to $12.1 billion last year.

Looking in advance, Khoo states that much of the groundwork to guarantee the building and construction sector can thrive in the long-term is laid out in the Industry Transformation Map, the federal government’s strategy to alter the built setting sector, that includes the construction field, right into one that takes on technologies to make the industry extra incorporated.

Nevertheless, the working as a consultant says that the unpredictabilities surrounding supply chain problems and inflationary pressures are increasing the level of danger that project stakeholders are exposed to.

Singapore’s building market remains …

More willing to pay for connectivity and convenience: Survey

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One in four study participants likewise suggested their desire to raise their real estate spending plan by more than 10% for a property with straight access to MRT. Respondents likewise very worth the comfort of having neighboring features such as supermarkets and also inexpensive food choices. Notably, ease and connectivity were regarded to be more important than a main place.

The online study on connectivity and benefit was accomplished by EdgeProp Singapore from June 17 to 30 as well as 1,247 valid actions were obtained. Most of the participants are in between 41 to 65 years old (68%), with 45% living in HDB, complied with by Condo/Apartments (38%) and also Landed Property (16%).

Most of individuals surveyed are willing to boost their housing budget for a residence with excellent connection and also comfort. This was one of the primary findings from the lately concluded EdgeProp survey on …