Four property projects, Belysa Executive Condo, Interweave, Foresque Residences and Foresta, are set to launch this week. Hoi Hup’s Foresta, a five-storey 141-unit residential development at Mount Faber, will be launched on 11 May. The project, which is located in the “highly sought after” District 04 Vivo City Area, has strong rental demand and high potential for resale, according to Huttons Real...
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Nearly three weeks after the close of what was marketed as Singapore's largest en bloc tender, Pine Grove's marketing agent Jones Lang LaSalle has kept quiet about the outcome. But MediaCorp understands the development off Ulu Pandan, which has an independent valuation of S$1.25 billion, has received at least one private offer. Ms Christina Sim, director of Investment at Cushman & Wakefield, said: "A...
Escape the hectic pace of city life and discover the simple pleasures of living at Terrasse. A private Eden set amidst the quiet charm of northeastern Singapore, Terrasse provides a modern, contemporary and luxurious lifestyle nestled in the warm embrace of nature’s many delights. As soon as you step inside Terrasse, a line of majestic yellow rain trees sway tantalizingly in the warm breeze, soothing...
CapitaLand's wholly-owned subsidiary, The Ascott, has acquired prime properties in Paris, France for 65 million euros or about S$118.4 million. It has acquired 100 per cent shareholding in SNC Costes K, which owns the prime Hotel K, and an adjacent vacant residential property in Paris. After the acquisition is completed, Ascott will combine and transform the freehold properties into a premium serviced...
CapitaValue Homes, a wholly-owned subsidiary of CapitaLand Group, has signed a joint venture agreement with Vietnamese property developers Khang Dien Sai Gon Real Estate to build 975 value homes on a 29,000 square metre site in Ho Chi Minh City, Vietnam. The total project cost is estimated to be US$70 million or S$88 million and will developed by a joint venture company set up by both CapitaValue Homes...
A residential site sitting on a land area of about half a football field opposite Parkway Parade is up for sale by tender. The 47,400 square foot site on 37 East Coast Road holds a 113-year-old former beachside villa which has been identified for conservation by the Urban Redevelopment Authority. The villa has an estimated gross floor area of 3,100 square feet and was built by the late Choa Kim Keat,...
The Foresta is located in the southern precinct of Singapore, next to Mount Faber at Wishart Road. Set in a serene enclave away from the hustle and bustle of the hurried world, it offers 141 units of luxurious condo living with unparalleled lifestyle and convenience. The Foresta is only ten minutes away from the Central Business District (CBD). It is within close proximity to Vivocity, Sentosa, and the...
A record bid by CapitaLand for a plot of land in Bishan has put the spotlight on homes in the area such as Rafflesia Condo and Bishan 8. In February, CapitaLand’s bid of $550 million, or $869 psf per plot ratio, for the 99-year leasehold site at Bishan Street 14 came out tops among 19 bids. CapitaLand has partnered Mitsubishi Estate Asia to develop a 600-unit condo on the 129,137 sq ft site and is...
Luxury residential prices in Asia will likely remain stable or see slower growth this year. According to the latest Residential Index from Jones Lang LaSalle (JLL), average capital values climbed 1.8 percent quarter-on-quarter in Q1 this year, across monitored luxury residential markets in Asia, similar to the previous quarter. However, price growth has moderated steadily from the 7.4 percent...
First-time home buyers will welcome the call to raise the income ceiling to qualify for new HDB flats, property analysts said yesterday, a move which will also benefit the sandwiched class. National Development Minister Mah Bow Tan has hinted that the income ceiling for new build-to-order (BTO) flats could be raised to S$10,000 - from the current S$8,000 - after the General Election. Analysts welcome the...