Industrial building on Eunos Ave 3 for sale at $60 mil
Zhaolim Building, a six-storey high-specification industrial building at 115 Eunos Avenue 3, is up for sale with a guide price of $60 million. The property, located on a plot of land spanning 83,071 sq ft, has a gross floor area of around 207,678 sq ft. The land has a 60-year tenure that began from Feb 1, 1980, leaving approximately 17 years remaining.
Redeveloped in 2015, the building offers a high ceiling with ample natural lighting. Its floors have large and regular floor plates, with an average floor plate of 43,000 sq ft and a floor-to-ceiling height of around 7m. Additionally, there are large passenger and cargo lifts, a childcare centre, and an outdoor sky garden at Level 2.
In terms of its location, the building is within walking distance of Paya Lebar MRT Station, an interchange for the East-West and Circle Lines. The area is also well-connected via the Pan …
Four freehold strata bungalows in Vanda Crescent for sale at $33 mil
A rare opportunity to acquire four freehold strata bungalows within an exclusive landed residential enclave is now available in Singapore. Sitting on a site of 12,264 sq ft and with a combined built-up area of 19,353 sq ft, the properties are located off Dunearn Road in prime District 11.All four bungalows are currently rented out, but will be sold with tenancies. Each unit has five en suite bedrooms along with its own lap pool and basement level, whilst sharing a common area. Located close to the Eng Neo Avenue and Raffles Park Good Class Bungalow (GCB) areas, the residences are a 500 meter walk from Sixth Avenue MRT Station on the Downtown Line and nearby the likes of Raffles Girls’ Primary School and Methodist Girls’ School.The owner is looking to sell the four properties jointly with a guide price of $33 million, or $2,690 psf on the land area.Given the …
Apac investments in North America reach record high of US$13.9 bil, led by Singapore: Knight Frank
Capitaland’s J’Den Condo is J’Den Condo set to be released in 2023, located at Jurong East station. It will include commercial space and be surrounded by amenities. Prices of residential units are expected to be S$2,000 to S$2,100 psf.
in Singapore
Investment activity in Asia Pacific (APAC) decreased significantly in 1Q2023, with quarterly volumes reaching their lowest since 4Q2011, according to a research report by Knight Frank. This drop was driven by broad-based declines across domestic, as well as cross-border investments and sectors.
Despite this, Singapore remained the only market to record higher investment volumes, with a total of US$4.3 billion in 1Q2023, compared to US$3.3 billion the year before. This volume was supported by the sale of a portfolio of retail assets by Mercatus Co-Operative, a unit of NTUC Enterprise Co-operative.
In contrast, commercial transaction volumes from APAC to North America rose over 400% y-o-y to US$13.9 billion ($18.6 …
Shophouse transaction volume fell in 1Q2023 but average transaction value grew: Huttons Asia
Shophouse transactions in 1Q2023 saw a decline in volume but experienced a rise in the average transacted value per shophouse. According to Huttons Asia’s May 1 research report, shophouse transactions reached only 29 in 1Q2023, which is a drop of 12.1% q-o-q and 44.2% y-o-y. Despite this, the average transacted value per shophouse came in at $9.7 million, 8.1% higher than 4Q2022.
In the rental market, the median rents of shophouses in 1Q2023 increased by 1.5% q-o-q islandwide. District 15 saw the greatest growth, rising to $5.49 psf per month. Lee Sze Teck, senior director of research at Huttons, points to “the most popular area among investors” – the Rochor planning area that encompasses Little India and Jalan Besar, accounting for 31% of transactions in 1Q2023.
The total transaction value for shophouses in 1Q2023 tallied $281.8 million, a drop of 5.7% q-o-q. This decrease was due to slow start after …
Millennium Hotels and Resorts debuts M Social brand in China with Suzhou property
M Social Suzhou is the brand’s first property in China. The luxuriously designed hotel offers 294 guestrooms and suites with panoramic views of Jinji Lake and the Eastern Gate of Suzhou. Located in the Hong Leong City Center, the hotel is part of Suzhou Industrial Park and is close to many attractions. M Social is the brainchild of MHR’s executive chairman Kwek Leng Beng, with its aim to cater to a “young, brave, and social-media savvy” crowd.
M Social has announced the opening of its first property in China, M Social Suzhou, located in Hong Leong City Center (HLCC). The 294-room luxury hotel, part of Suzhou Industrial Park, is near to many attractions, including Times Square, Jiu Guang Department Store, Eslite Spectrum, Ferris Wheel Park, Suzhou International Expo and Suzhou Culture and Arts Centre.
The concept behind M Social, a lifestyle brand of global hotel group Millennium Hotels and Resorts …