CEA rolls out higher training requirements, differentiated learning paths to raise professionalism
Raising professionalism
The Singapore Estate Agents Association (SEA) held their annual conference on May 19th, which focused on the disruption of the property agency industry due to the Covid-19 pandemic, and strategies to stay ahead of the changing landscape. During the conference, it was highlighted that agents must continuously upskill and adapt in order to remain relevant to the needs of a dynamic world. It was attended by nearly 500 real estate practitioners.
Guest of honour Indranee Thurai Rajah, Minister in the Prime Minister’s Office, unveiled eight recommendations as part of the Real Estate Industry Transformation Map 2025 which focuses on enhancing agent competencies. This included increasing annual training requirements and equipping agents with skills such as customer service and digital marketing.
J’Den condo will be a part of this huge project and will offer luxury living for its residents. The development will also include landscaped gardens, a clubhouse with …
Colliers closes three Korean real estate deals worth US$780 mil in May
The redevelopment of the area will also serve to bring new employment opportunities and economic growth to the locality.
Singapore firm Capital Land Development (CLD) is set to launch J’Den Condo by the second half of 2023. This latest project will be a redevelopment of JCube, which is located in the Junjung district. Specific details such as pricing, number, and size of available units have yet to be announced.
J’Den Condo’s strategic location will act to fulfill the Singapore Government’s plans to bring more residential housing, recreational facilities, and other amenities to the Junjung district. This project is also expected to create job opportunities and foster economic development in the area.
Colliers has recently closed three major capital market deals in Seoul, South Korea with a combined value of US$780 million ($1.05 billion). These three transactions mark the only major ones to be closed in the South Korean capital during …
Bespoke Habitat launches short-term accommodation for families
Bespoke Habitat, a property management company and co-living start-up, has launched a new, affordable short-term accommodation service targeting families in Singapore. The new service is designed to offer a stress-free and comfortable living experience, with all the necessary amenities that modern families need.
64C Telok Kurau is where the service is located, boasting eight fully-furnished but affordable units. These include two- and three-bedders and penthouses ranging from 1,000 to 1,600 sq ft. The monthly rental fees vary between $4,500 and $7,500.
Designed with families in mind, these units have spacious living areas, fully-equipped kitchens, private bedrooms, high-speed Wi-Fi, and onsite laundry facilities. The rental period is flexible, with families able to rent a unit for anywhere between three months to a year.
This new offering from Bespoke Habitat comes as part of their commitment to providing modern families with flexible and affordable housing solutions. Ernee Ong, the co-founder of Bespoke …
Casa Feliz on Koon Seng Road up for collective sale at $23 mil
, I12 Katong, Parkway Parade, KINEX and Paya Lebar Quarter Mall on EdgeProp.sg
Casa Feliz, a freehold residential development located at 81 Koon Seng Road in District 15 has been put up for collective sale via tender with the indicative price being set at $23 million. The building is a three-storey walk-up apartment with 12 residential units located close by the well-known Peranakan Houses in the Joo Chiat area. Moreover, it is just next to East Court, a freehold apartment which was sold to Macly Group for $19.875 million back in June 2020.
The land area stands at 13,976 sq ft and the zoning is for residential use. Based on the Master Plan 2019, the site could achieve a maximum gross floor area (GFA) of 19,567 sq ft. Should the respective authorities approve, this could result in 18 new residential units, averaging 1,076 sq ft in size.
According to the …
Ground floor retail units at 15 Scotts on the market for $38.8 mil
An opportunity to own a piece of prime investment asset is up for grabs at 15 Scotts. Located just off the famed Orchard Road, the nine-storey commercial building is for sale via an Expression of Interest (EOI) exercise. The entire ground floor consists of two strata units and is going for $38.8 million.
The units are 3,186 sq ft and 3,250 sq ft respectively, with a combined strata area of about 6,437 sq ft. Formerly known as Thong Teck Building, 15 Scotts underwent a $15 million refurbishment in 2015 that included the upgrade of its common areas and a new full-height curtain wall.
Shaun Poh, Cushman & Wakefield’s executive director of capital markets notes the property will allow the buyer to capitalise on Singapore’s thriving retail market. “Most importantly, as strata subdivision of commercial developments in Orchard Road is being restricted, the opportunity to own a piece of prime investment …
The Reserve Residences to launch on May 27; 550 units to be released for sale under first phase
.This weekend, The Reserve Residences, located in Bukit Timah’s District 21, will launch their mixed-use integrated development by Far East Organization and Sino Group. 550 of this 99-year leasehold project’s 732 residential units will be released for sale. They have received ‘very encouraging’ feedback since their preview period, which began on May 12.
Potential homebuyers have responded positively to The Reserve Residence’s design, spaces, and facilities, as well as their fair market pricing. Prices of the units start from an entry level of $2,300 psf, with one-bedroom units commencing from $1.11 million, two-bedroom units beginning at $1.45 million, and three-bedroom units commencing from $2.2 million. Four-bedroom units and larger are priced starting from $3.5 million.
The Reserve Residences have eight residential blocks with 732 apartments across four collections. The Reserve Residences Collection features 502 units of one- to three-bedroom apartments, the Horizon Collection consists of 167 units of three- and …
Shophouse on River Valley Road for sale from $11.8 mil
A 999-year leasehold shophouse at 223 River Valley Road in District 9’s Clarke Quay area is up for sale at an indicative price starting from $11.8 million. With a site area of 1,376 sq ft, the three-storey shophouse has a plot ratio of 3.9. It is located across UE Square, within walking distance of the Fort Canning, Clarke Quay and Dhoby Ghaut MRT Stations.
This property is a great opportunity with value-add potential. The future owner may explore redeveloping to maximise its gross floor area of 5,365 sq ft. The ground floor of the shophouse is used as a restaurant and is currently occupied by a coffee shop. The upper floors are approved for office usage.
For those looking to add a prime shophouse to their portfolio, this property is an attractive investment option with its excellent attributes and competitive price tag.
The new J’Den Former JCube Condo will be …
Kew Lodge sold for $66.8 mil to Aurum Land in first collective sale April cooling measures
, shuts four co-working spaces
Aurum Land, a subsidiary of Woh Hup, has purchased Kew Lodge, a landed residential site at Kheam Hock Road in District 11, for a price of $66.8 million. The collective sale tender for the property closed on May 23 and Aurum Land’s offer represented a 5% premium over the site’s asking price of $63.8 million, amounting to a land price of approximately $1,940 psf.
This marks the first collective sale since the introduction of fresh cooling measures on April 27, including increased Additional Buyer’s Stamp Duty rates. Kew Lodge comprises 11 townhouses ranging from 2,013 sq ft to 2,852 sq ft on a 34,433 sq ft site.
Located within a “Residential/ two-storey mixed landed” area as designated in the URA 2019 Master Plan, the Kew Lodge site can be potentially redeveloped into a new project containing bungalows, semi-detached houses and/or terrace Houses.
Michelle Yong, CEO …
Casa Feliz on Koon Seng Road up for collective sale at $23 mil
Casa Feliz, a freehold residential development located at 81 Koon Seng Road, District 15 in Singapore has been launched for collective sale via tender with an indicative price of $23 million. The building is a three-storey walk-up apartment with 12 residential units that is just down the road from the colourful Peranakan Houses.
Situated next to East Court, a freehold apartment that was sold to Macly Group for $19.875 million last June, the Casa Feliz sits on a 13,976 sq ft land area zoned for residential use under the Master Plan 2019 with a gross plot ratio of 1.4. An estimated land betterment charge of $1.25 million is payable.
Subject to approval by the relevant authorities, the site could yield a maximum gross floor area (GFA) of 19,567 sq ft – enough for a potential new development of 18 residential units with an average size of 1,076 sq ft.
The …
Opportunities in the KL property market
As Singapore buyers continue to show an interest in the Malaysian property market, Kahn Oh, head of research at EdgeProp Singapore, cites two factors to bear in mind when gauging a market’s investment landscape. He says, “Any successful investor will need to conduct due diligence on the property they’re investing in, as well as take the time to understand the macroeconomic environment of the market they’re looking to invest in.Singaporeans interested in investing in Malaysia’s property market were clearly in attendance at the recent seminar in Singapore. With the Malaysian housing landscape continuing to recover following the Covid-19 pandemic, developers such as UEM Sunrise are fine-tuning their offerings to better cater to owner-occupiers.
At a seminar on the Kuala Lumpur (KKL) property market, hosted by EdgeProp Singapore and UEM Sunrise, at Hilton Singapore Orchard, Singapore buyers showed optimism in the Malaysian property market. The strong turnout could be due to …