Month: February 2025

According to a press release on February 19th, The Collective, the luxury brand of flexible workspace operator JustCo, has recently launched its first flagship co-working space in Tokyo. Spanning 24,000 square feet, the co-working space is located in GranTokyo South Tower, a 42-story building in the Marunouchi district of Chiyoda City. It is conveniently situated next to Tokyo Station, providing easy access to both Narita and Haneda airports.

“We drew inspiration from the renowned Tokyo Station, and The Collective reflects the sophistication and warmth of a luxurious journey,” shared the group.

In addition to a hot desk area and meeting rooms, The Collective offers private suites with around-the-clock security and larger enterprise suites with personalized entrance features and tailored workspace designs. Each workspace is furnished with Herman Miller Aeron chairs and Benel adjustable desks.

The co-working space also boasts amenities such as the TWG Tea Bar, which offers refreshments throughout the day, and a “wellness sanctuary” where members can take breaks between work.…

Lentor Central Residences, a 477-unit development in Lentor Hills, will be showcased on February 21 and is set to hit the market on March 8. Developed by Hong Leong Holdings, GuocoLand, and CSC Land, this is the sixth new launch at Lentor Hills.

Comprising of two high-rise blocks standing at 27 and 28 storeys, the development will offer a variety of one- to four-bedroom units ranging from 463 sq ft to 1,399 sq ft.

Stay updated on the latest availability and prices for Lentor Central Residences by checking the listings.

Prices for one-bedroom units will start from $975,000 ($2,110 psf), while two-bedroom units will start from $1.38 million ($2,050 psf). For larger units, three-bedders will begin at $1.81 million ($1,984 psf) and four-bedroom units will be priced from $2.37 million ($2,000 psf).

The development boasts a 50-metre Infinity Edge Pool, 25-metre Lap Pool, and Leisure Pools among other landscaped decks. According to Betsy Chng, head of sales and marketing at Hong Leong Holdings, the convenience of having Lentor MRT Station and the Thomson-East Coast Line nearby is a great perk for residents commuting to the city centre.

The location also boasts several retail and dining options such as Lentor Modern, an integrated project by GuocoLand, as well as Thomson Plaza and eateries along Upper Thomson Road and Springleaf estate.

“We believe the new Lentor Hills enclave is on the verge of significant growth and will soon become one of Singapore’s most desirable districts for homebuyers,” says Chng. “Together with our partners, we are proud to be developing premium homes that are affordably priced, where units are sold based on liveable space.”

Lentor Central Residences will also feature a childcare centre and family-friendly amenities such as a children’s playground. Additional condo facilities include a resident’s clubhouse, gym and yoga room, tennis court, and a 50-metre infinity edge swimming pool.

Visit the sales gallery located on Lentor Hills Road for a closer look. Stay informed with latest property deals for Lentor Central Residences by using the Ask Buddy feature.

Find out how the sale transactions for condos in District 26 are doing here and browse through any rental listings in the area. Check out the price trend for resale condo properties compared to executive condos (EC) here and get a quick overview of Lentor Central Residences with the project summary below.

Total units: 477

Condo sale transactions in District 26

Any condo rental listings in District 26?

Compare price trend of Condo new sale vs EC new sale

Project summary for Lentor Central Residences condo

Total number of units in Lentor Central Residences…

Introducing CT Pemimpin, a prime B1 industrial factory situated at 43 Jalan Pemimpin in the Central Region. This latest development is a testament to Chiu Teng Group’s expertise in creating top-notch commercial and industrial spaces in Singapore.

Conveniently located in the heart of Singapore’s District 20, CT Pemimpin is the perfect choice for businesses seeking a highly accessible location and investors looking for a valuable long-term investment.

Eco-friendly features and shared amenities set this nine-storey building apart. Two rooftop pavilions serve as ideal spaces for outdoor gatherings and events, while solar panels, two passenger lifts, and a service lift are also available. The property comprises 56 strata-titled units, three canteen units, and varying floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five. Each unit also offers private toilets for convenience and privacy. Additionally, the building boasts a generous one-to-one carpark ratio with 59 carpark lots, including two electric vehicle (EV) lots, and two loading and unloading bays, as well as a lorry park for vehicles under 7.5m.

According to ERA Singapore CEO Marcus Chu, CT Pemimpin is a highly sought-after development for both investors and end-users. The industrial property is exempt from Additional Buyer’s Stamp Duty (ABSD) and offers risk diversification for investors, while business owners see it as a rare opportunity to own a freehold space instead of renting. Chu adds that the scarcity of centrally located industrial properties for sale will contribute to its appeal.

Ken Low, managing partner at SRI, notes that CT Pemimpin stands out from traditional B1 industrial developments due to its sleek modern facade and prime location. With its proximity to Marymount MRT station (five-minute walk) and Bishan sub-regional centre (13-minute walk), the property is expected to attract many young entrepreneurs and their staff. The last freehold industrial launch in this area, Mapex, has a proven track record of good profitability and rental over the past 10 years. Low adds that the freehold status of CT Pemimpin makes it a rare find in the market, as most industrial developments are limited to 30 or 60-year leases. This feature will appeal to investors looking for valuable assets with long-term potential, including family offices and companies in the information and communications media industry seeking clean B1 spaces.

Unlike residential properties, commercial and industrial properties are not subject to ABSD for buyers, making them more appealing to investors and eligible foreigners.

The excellent connectivity of CT Pemimpin is another highlight of the development. Its strategic location allows for seamless accessibility via public and private transport from all parts of Singapore. Marymount MRT station (Circle MRT Line) is just a five-minute walk, and Upper Thomson MRT station (Thomson-East Coast Line) and Bishan MRT station (North-South MRT Line) are only a five-minute drive away. Major expressways such as PIE and CTE are also within close proximity, and the upcoming North-South Corridor is expected to further reduce travel time from the north to the city.

Surrounded by lively neighbourhoods like Bishan, Upper Thomson, and Ang Mo Kio, CT Pemimpin offers an array of retail and dining options at popular shopping destinations such as Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. The location is also ideal for families with school-going children, as it is near reputable schools like Raffles Institution, Catholic High School, and Eunoia Junior College.

Since its establishment in 1999, Chiu Teng Group has earned a reputable standing as a reliable developer and builder in the industrial and commercial sectors. Its impressive portfolio includes well-received projects like CT FoodNEX, CT Foodchain, Tagore8, CT Hub, CT Hub 2, and The Creek@Bukit.

The preview of CT Pemimpin will commence on February 21, 2025. Don’t miss this exclusive opportunity to own a rare freehold industrial space. Call 8100 8017 today or visit Chiu Teng Group to book a viewing.…

Singapore Realtors Inc (SRI) has recently partnered with Redbrick Mortgage Advisory to enhance the capabilities of their salespersons. This collaboration aims to provide SRI agents with advanced mortgage training to better guide homebuyers in their financing options.

With this partnership, Redbrick will be conducting training sessions for SRI agents on mortgage strategies, equipping them to be better advisors for clients. “We are excited to partner with SRI and empower their salespersons to become trusted advisors who can offer personalized financing solutions to help buyers make informed decisions,” says Eugene Huang, CEO of Redbrick.

Aside from training, Redbrick will also be providing SRI agents with mortgage rate information from more than 15 financial institutions. This information will be updated regularly to reflect any changes in the market. “With Redbrick’s expertise and access to real-time mortgage data, our SRI agents can now efficiently share up-to-date financing options with their clients,” shares Thomas Tan, CEO of SRI.

This partnership between SRI and Redbrick aims to improve the overall home buying experience for clients by equipping SRI agents with the necessary knowledge and tools to provide them with tailored financing solutions.…

Frasers Property Singapore is offering investors a rare opportunity to own a piece of its mixed-use development, Sky Eden@Bedok. The retail podium, comprising 12 strata units on the ground floor, is now up for sale via an expression of interest (EOI) exercise. With a guide price of $45.2 million, the combined strata area of approximately 11,193 sq ft translates to a desirable price of $4,038 psf.

According to marketing agent CBRE, the retail units can be acquired as a portfolio, individually, or in clusters. These units range from 398 sq ft to 1,313 sq ft, and are attractively priced from $1.91 million to $5.55 million. All units are approved for F&B use, making them an attractive investment opportunity.

Sky Eden@Bedok, located in Bedok Central, is currently under construction and is expected to obtain its temporary occupation permit in 4Q2025. The 99-year leasehold development comprises 158 residential units spread across two 16-storey towers above the retail podium. It is strategically situated just a few minutes’ walk from the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.

The development was launched in September 2022, marking the first private residential launch in Bedok Town Centre in the last decade. Since then, all residential units have been fully sold. Michael Tay, CBRE’s head of capital markets for Singapore, believes that the strata retail units at Sky Eden@Bedok will be highly sought after. He states, “Given the asset’s palatable quantum, CBRE is confident that it will appeal to a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers who would want to break into the commercial space of a tightly held residential enclave.”

Interested parties can submit their bids for the retail podium until April 3 at 3pm. Sky Eden@Bedok properties can be found on various online platforms, including EdgeProp’s ‘Ask Buddy’, where the latest listings and transaction prices can be found. The website also offers a view of the site plan and diagrammatic chart for Sky Eden@Bedok. Other useful resources for potential investors include the transaction prices for condos in District 16, projects that have recently obtained TOP, and the total number of units in Sky Eden@Bedok.…

Sales volume of HDB resale flats in Q1 2021 up 27.4% compared to Q1 2020

HDB to Spend $407 Million on Upgrading Works for Over 29,000 Flats

In a recent press release on Feb 16, the Housing and Development Board (HDB) announced that more than 29,000 flats have been selected for the latest round of the Home Improvement Programme (HIP). This will see a budget of over $407 million allocated for the upgrading works.

The selected flats are located in various areas such as Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands.

The HIP was first introduced in 2007 to assist flat owners in addressing common maintenance issues that arise due to wear and tear in older flats. Since its inception, a total of 494,000 flats or nine in 10 eligible flats have been selected for the programme, with close to 381,000 flats undergoing upgrades, according to Minister for National Development Desmond Lee.

Under the programme, selected flats will undergo essential improvements to ensure the basic safety needs of residents, such as repairing spalling concrete and ceiling leakages caused by wear and tear. These essential improvements are fully funded by the government for households with Singaporean citizens. Flat owners can also opt for optional improvements, which include upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. These optional improvements are subsidised by the government, with Singapore citizen households paying as low as 5% of the cost, depending on the flat type.

Since 2012, the Enhancement for Active Seniors (Ease) programme has been offered as part of the HIP. Under Ease, flat owners can opt to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment for toilet and bathroom tiles. The government will cover up to 95% of the costs for households with Singaporean citizens.

Since their launches, the government has allocated approximately $4 billion to the HIP and around $150 million to Ease as of March 31, 2014, according to HDB. Those interested in purchasing HDB properties can check out the latest listings or consult Ask Buddy for past HDB sale transactions and rental transactions, as well as comparisons between HDB loan and bank loan rates. Shoppers can also compare the price trends of HDB, condominiums, and landed properties.…

for sale.A prime restaurant unit at Bukit Timah Plaza mall is now up for sale. The 3,391 sq ft strata-titled space, approved for restaurant use, has been listed at a discounted price of $9.8 million ($2,890 psf). This reflects a 12% discount from the previous listing price of $11 million in the third quarter of 2022, according to Clemence Lee, CBRE’s executive director of capital markets, who is responsible for marketing the property.

Located in the basement two of the mall, the unit boasts a 20m frontage facing the central plaza. Currently fully leased and to be sold within its existing tenancy, the unit comes with a 99-year lease from 1976, giving it a remaining lease of 50 years.

The pricing of the unit falls in line with the last two transactions for units in basement two: a 441 sq ft unit that sold for $1.43 million ($3,240 psf) in March 2024 and an 850 sq ft unit that fetched $2,5 million ($2,940 psf), based on caveats lodged.

Bukit Timah Plaza, a mixed-use development that was completed in 1979, comprises a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. It is known for housing one of the largest Fairprice Finest supermarkets in Singapore, spanning over 44,000 sq ft, says CBRE.

Conveniently located at 1 Jalan Anak Bukit, the mall is within walking distance of both Beauty World MRT Station and King Albert Park MRT Station on the Downtown Line. It is also surrounded by numerous private residential developments, with an estimated population of around 37,000.

The mall is also in close proximity to several educational institutions, such as the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

Bukit Timah Plaza is part of the Beauty World area, which is currently undergoing a rejuvenation with the addition of new mixed-use, integrated developments. This includes the upcoming The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, expected to be completed by late 2029.

The unit is now available for sale through expression of interest. Interested buyers can check out the latest listings for Bukit Timah Plaza and Sherwood Towers properties for sale.…

Two adjoining strata retail units at prestigious Peninsula Plaza are now available for purchase at a price of $10.9 million. These two units, with a 999-year leasehold and situated on the ground floor, boast a prime location along North Bridge Road.

The first unit has a strata area of 538 sq ft while the second has 581 sq ft, bringing the total to 1,119 sq ft. Based on this total area, the asking price of $10.9 million translates to $9,741 psf. These units are currently tenanted until 2026, providing investors with a gross rental yield of 3%.

According to Nick Chan, the associate director of investment sales & capital markets at Savills Singapore who is handling the sale, these two units have the best street frontage within the development and benefit from consistent foot traffic daily. The last transaction of a ground-floor unit in this building was in August 2022, when a 452 sq ft unit was sold for $4.08 million ($9,025 psf).

Completed in 1980, Peninsula Plaza is a 30-storey mixed-use commercial building with a six-storey retail podium and a 24-storey office tower. It boasts prominent frontages along North Bridge Road, Coleman Street and Coleman Lane, and has a sheltered link to City Hall MRT Interchange Station for the North-South and East-West lines.

Since the Urban Redevelopment Authority (URA) implemented restrictions on the strata subdivision of commercial properties in the CBD and Orchard corridors in March 2022, strata-titled units with a 999-year or freehold tenure have become highly sought-after. With its impressive location and leasehold tenure, Peninsula Plaza is an attractive investment opportunity for buyers. Don’t miss this chance to add this coveted property to your portfolio.…

Brand New Land had a vision to merge Good Class Bungalow (GCB) features with affordable luxury semi-detached homes. To bring their idea to life, they enlisted the help of Pau Loh, managing director of Tellus Design, a well-known name in the GCB design industry with whom they have a 30-year history.

Together, they created a collection of four semi-detached homes in Bukit Timah and Upper Bukit Timah, each carefully designed with elements inspired by the best GCB homes. The homes at 23 and 23A Maple Avenue boast a spacious frontage of more than 24 meters. Aptly named “The Great Trees Collection”, the homes at 25 and 25A Jalan Selanting and 23 and 23A Maple Avenue draw inspiration from nature’s beauty. Ranging in size from 2,790 to 3,130 square feet, each home is equipped with a lift, swimming pool, and provisions for a gourmet kitchen.

True to their mission of creating value for their clients, Brand New Land has priced the homes within the bank valuation range, leaving room for potential gains for buyers.

Design Elements Borrowed from GCBs

Taking cues from large bungalow homes, the semi-detached homes feature dedicated zones for various functions such as receiving guests, dining, gourmet cooking, and entertainment. This allows for intimate gatherings and privacy within the same space.

The entrance hall at 23 Maple Avenue offers a view of the pool and greenery, while 25 Jalan Selanting has private corners for intimate conversations. The second-floor view of 23 Maple Avenue seamlessly connects with the first floor while maintaining a sense of privacy between living zones. The sky terrace at 25 Jalan Selanting provides a stunning view of the Bukit Timah Nature Reserve and serves as an ideal entertainment area.

Ceremonial Entrances

Brand New Land believes in the experience of coming home and has incorporated this feeling into their homes. Each semi-detached home has a ceremonial entrance framed by lush greenery, the sound of water, and rich facade materials that create a transition from the outside world to the comfort of home.

Luxurious Architecture and Materials

The homes feature Loh’s signature style, which has proven successful in GCBs within Singapore’s tropical climate. With wide overhanging eaves and deep recesses, the homes offer shelter and keep the interiors cool. The use of horizontal design elements, such as the wraparound golden sand facade and horizontal planters, adds a touch of luxury to the spacious homes.

The elegant wraparound golden sand facade at 25 Jalan Selanting anchors timber-effect screens, creating a beautiful play of shadows. The generous use of nature-inspired cladding elements adds a sense of quiet luxury to 23 Maple Avenue. The homes also boast a rich palette of wood-grain finishes, precious marble, and German bath fittings, creating an environment of sophistication and luxury.

Collaboration with Arclinea Singapore

For gourmet kitchen experiences, Brand New Land has partnered with luxury kitchen specialist Arclinea Singapore. Both brands share the goal of inspiring connections in exceptional kitchen spaces. With a predominately GCB clientele, Arclinea brings a unique touch to the kitchens at 25 Jalan Selanting and 23 and 23A Maple Avenue.

“Our vision for this collection is to bring the best GCB design principles into our semi-detached homes,” says Alvina. “We are fortunate to collaborate with Pau Loh, a skilled and experienced architect who helped make this possible. We look forward to seeing the impact these homes will have on the lives of those who live in them.”

To view these homes, call 8893 7602. For more information on upcoming launches, visit www.brandnewland.com.sg or follow Brand New Land on Instagram, Facebook, YouTube, and LinkedIn. If you are interested in working with the group or have land with potential for redevelopment, please email: comehome@brandnewland.com.sg.…

A 99-year leasehold HDB shophouse at 214 Serangoon Avenue 4 will be up for auction at SRI’s upcoming auction on Feb 26. The property, which includes living quarters on the second floor, has a total floor area of approximately 1,668 sq ft. It has been listed for sale with a guide price of $1.98 million, equivalent to $1,187 psf on the floor area.

Previously offered for sale at the last auction, the shophouse did not find a buyer at a higher guide price of $2.08 million. According to Jansen Kee, SRI’s assistant manager of auctions, the shophouse is strategically located in front of a bus stop, making it highly visible from the road.

At present, the property is tenanted and is generating a gross rental yield of around 6.2% based on the guide price, says Kee. He adds that the new owner will benefit from the existing lease, which ends in 2026, providing them with immediate rental income.

Kee also notes that the guide price for the HDB shophouse is one of the most attractive in the area, making it an appealing opportunity for both investors and owner-occupiers.

Based on URA records, the most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse on Lichfield Road. The property, which spans an area of 2,319 sq ft, was sold for $4 million ($1,725 psf) in November 2024.

The shophouse up for auction is situated within a cluster of HDB flats, bordering the Serangoon Gardens landed residential estate. It is located directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, ensuring a consistent flow of foot traffic. Carpark spaces are available at the rear of the shophouse.…