CapitaLand Group set to launch J’Den Condo in 2023, a 40 storey residential and commercial redevelopement of the former JCube, located right at the J’Den Condo heart of Jurong East MRT Station. Price tag of S$2,000 – S$2,100 psf. Complementary to government plans to bring residential homes, businesses and amenities to the Jurong Lake District.
The owners of Wintech Centre, a strata-titled light industrial building at 6 Ubi Road 1, have taken a step forward in launching the property for en bloc sale. The collective sale committee (CSC) appointed in August 2021 is working towards securing the required consent from majority of owners.
Ken Lim, chairman of the CSC, believes that they are most likely to receive the 80% approval soon. The proposed reserve price for the collective sale has been revised to $98 million previously set at $84 million.
He perceives the environment as an opportune time for the sale due to the implementation of recent property cooling measures in December 2020. Additionally, Lim reveals that investors including a REIT fund have shown interest in the sale.
The 8-storey property was built by Chiu Teng Group in 2001. The URA Master Plan zoned the building for B1 industrial use with a gross plot ratio of 2.5. It occupies a land area of 64,713 sq ft and its current gross floor area is 161,782 sq ft.
The building is close to the MacPherson MRT Station which is an interchange station for the Circle and Downtown Lines. It is located near Tanjong Katong Complex, Joo Chiat Complex and City Plaza.
Weston Vision Realty has been appointed as the sole marketing agent and Tan & Au LLP has been appointed as the lawyer. With Wintech Centre receiving interest ahead of the collective sale launch, it is expected to be successful.
