The strong capital growth trend in the Singapore luxury residential property market will be powerful motivation for a new generation of non-institutional Middle Eastern investors to increase their stake in Singapore, revealed the developers of the Marina Bay Financial Centre (MBFC) at the recent Cityscape Dubai exhibition. Non-landed property values in the core central area appreciated by 23.3% in the...
Marina Bay / CBD
Hong Kong billionaire Li Ka-shing’s Cheung Kong Holdings may sell its one third stake in Singapore’s Marina Bay Financial Centre to Suntec Real Estate Investment Trust (Reit) when the complex is completed in 2010. The stake is likely to be worth “more than US$1 billion ($1.5 billion)”, Mr Justin Chiu, executive director of Cheung Kong said. The company is building the 24-hectare office and...
Prices of high-end condominiums in the downtown Marina Bay area have soared beyond the reach of most Singaporeans, as buyers snapped up multi-million-dollar units in recent launches of such properties in a frenzied bid to own a stake of the area with the upcoming integrated resort (IR). With prices averaging $2,000 per square foot - and skyrocketing to record highs of $3,400 psf for the penthouses - only...
SUCH is the demand for property in the Central Business District, with its proximity to the proposed integrated resorts, that this year’s first private residential property launch might never have been open to the public if two western funds had had their way. Both the funds, whose names were not revealed, were keen to buy the tower blocks of One Shenton — a new project by City Developments Limited...
One Shenton – This architectural iconic jewel designed by world-renowned architect Carlos Otts comprises 341 apartments and penthouses. Soaring with twin towers at 50 and 42 storeys high, One Shenton will dramatically enhance Singapore’s Skyline, offering residents spectacular unforgettable views of the energetic city, green parks and soothing waters. One Shenton is perfect for those seeking a seamless...
CROWN Jewel Of Marina Bay Poised to become the most desirable address in Singapore, Marina Bay Residences is a new iconic landmark that will redefine the meaning of luxurious living. Set in the heart of the brand new Marina Bay district, Marina Bay Residences offers residents a superb selection of business and pleasure activities. The Marina Bay Financial Centre is right next door and the...
BS Capital yesterday opened the showflat for its Lumiere development off Shenton Way. BS Capital chief executive Chin Teck Chuan said yesterday that sales are likely to begin this week, but pricing has not been finalised. Prices at The Sixth Avenue Residences averaged about $1,000 per square foot (psf). Some agents who brought their clients to the showflat at Mistri Road yesterday were overheard...
Lumiere is situated right in between the two exciting hotspots - Marina Bay Sands and Resort World at Sentosa, and is just a stone's throw away from all the important financial institutions and professional centres in CBD. Exciting shopping centres and entertainment hubs are steps away with easy assess to MRT (Tanjong Pagar Station) and bus transportation system. A north-south orientation allows for...
City Developments Limited is converting a former commercial building in the Central Business District, One Shenton Way, to a condominium and is expected to release units for sale this year. Carlos Ott, renowned for his designs of Opera de la Bastille in Paris, the Hangzhou Grand Theatre and the National Bank of Dubai, has been engaged as the architect for the project. The 99-year leasehold project is...
THE ICON - GET READY FOR CHIC METROPOLITAN LIVING Wake up to the magnificent views of the business district and South China Sea from your full-height bedroom windows. Pop up to the gym on the 31st floor and work up a sweat, followed by a few laps in the 50M lap pool on the 7th to cool down. Grab a latte from the cafes before taking a short walk to work. Without any traffic jams and the hassle of commuting,...