Tekka Place, a redevelopment of the former The Verge shopping mall in Little India, is set to open in late 2019. The integrated mall is developed by Singapore-listed construction and property development company, Lum Chang Holdings, and a fund managed by LaSalle Investment Management Asia. The new development will comprise a 10-storey main block and a seven-storey annex block with rooftop deck....
The recent property cooling measures in Singapore has once again diverted the spotlight from the private residential market to the shophouse market. Shophouse clusters can be classified into two main submarkets. Those in the central business district (CBD) are in areas such as Chinatown, Tanjong Pagar, Upper Circular Road and Boat Quay, while the rest are farther out in places like Kampong Glam, Little...
A property under construction at 21/23 Mohamed Sultan Road in prime District 9, consisting of an eight-storey residential block and adjoining commercial building, has been put up for sale by tender by a privately held investment holding company (owner). The indicative price is about S$30 million, said its sole marketing agent, SRI (Singapore Realtors Inc). Tony Koe, SRI managing director said that...
Woods Square is the first office space for sale in Woodlands Regional Centre (Singapore’s Northern Gateway), which is being further rejuvenated and developed under the URA’s Master Plan 2014. It is an integrated office development with retail, F&B, and a childcare centre. It will have direct connectivity to the neighbouring Causeway Point mall and Woodlands MRT Station. Future Singapore-JB Rapid...
A increased supply of retail space will pose a bigger risk to Singapore's retail Reits than online shopping over the next 12 to 18 months. This is according to a sector report released by Moody's Investors Service on Tuesday. Nevertheless, analysts are maintaining their credit profiles on rated Reits (real estate investment trusts) such as CapitaLand Mall Trust (CMT) which is rated "A2 stable", and...
A row of four contiguous freehold conservation shophouses at No. 15, 17, 19 and 21 Tessensohn Road (the “Property”) has been launched for sale. Cushman & Wakefield, the appointed marketing agents for the site is expecting a good reception to the tender as the property can be partially developed into a mixed use retail/residential project in a charming heritage precinct dotted with conservation...
Wah Loon Engineering founder Alan Chong has recently snapped up one of the tallest conservation shophouses along Boat Quay for S$21.35 million. Spanning six levels, the shophouse has an estimated built-up area of 6,300 sq ft, according to information on the website of Clifton Partners, a real estate investment firm. The property is being sold by an affiliate of the company. Boasting views of the...
Cushman & Wakefield and PropNex Realty have been appointed as the joint exclusive marketing agents for the sale of the House of Tan Yeok Nee at 101 Penang Road, Singapore (the “Property”) through an expression of interest exercise which will close on 12 July 2018, 3.00 pm. The Property is to be sold at an indicative minimum price of S$93 million. This translates to approximately S$ 1,590 per square...
Shophouse prices have appreciated significantly in the past year or so. What's fuelling interest in these prime conservation properties? A niche market often bypassed by real estate investors due to its specific guidelines on use, the prime conservation shophouse market in Singapore's city core has been buzzing with activity of late. Shophouses in the CBD and Chinatown (the old postal districts 1 and 2)...
ARC 380 is the newest landmark on the city fringe - a magnificent 16-storey commercial development located mere minutes from the Central Business District, the Novena medical hub and Marina Bay Financial Centre. Bendemeer MRT Station is a five minute stroll away and all major expressways and arterial roads are easily accessible to ARC 380. With a modern contemporary design, ARC 380 stands out effortlessly...
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