SINGAPORE VIEW A COLLECTION OF THE FINEST PROPERTIES & DEVELOPMENTS MAR - J U N 2 0 1 9 MARCH 2019 - JUNE 2019 • 1
Contents 05
WELCOME
24
06 MARKET RESEARCH
10 ADVISORY SERVICES
12 AUCTION & SALES
27
20 INDUSTRIAL
23 INVESTMENT & CAPITAL MARKETS
31 OFFICE ADVISORY
32 PROPERTY ASSET MANAGEMENT
SINGAPORE VIEW • 2
39
45
34
RESIDENTIAL LOCAL DEVELOPMENTS
42 RESIDENTIAL INTERNATIONAL DEVELOPMENTS 49
63 RESIDENTIAL PRIME SALES
64
RETAIL
MARCH 2019 - JUNE 2019 • 3
SINGAPORE VIEW MAR - JUN 2019 COVER IMAGE Fourth Avenue Residences READ MORE ON PAGE 38
SINGAPORE VIEW • 4
EDITOR Liew Lixia RESEARCH CONTENT Lee Nai Jia MARKETING Phyllis Goh DESIGNER Regina Ang
Welcome The economic environment today is ever more uncertain, as geopolitical tensions continue to mount unabated. According to the World Economic Forum’s Global Risk Report 2019, rising geopolitical tensions were identified as the most urgent risk anticipated by business leaders, politicians and academics in the year ahead. Building on the openness and strength of the Singapore economy, the government has continued to forge new trade agreements with major economies, strengthening existing pacts, to attract direct investments and provide businesses more opportunities for international expansion. This includes an upgrade to the China-Singapore Free Trade Agreement, which will be ratified later in 2019. According to the Singapore Business Federation’s National Business Survey 2018/2019, 7 in 10 Singaporean businesses carry out outbound activities in at least one country other than their home nation. Even as companies increasingly embrace innovation and seek collaboration to tap on and expand their arena of knowledge in this domain, more cross-country partnerships can be expected to form in time to come. Despite tides of external uncertainties, there is still much growth potential in Southeast Asia. According to the Organisation for Economic Co-
operation and Development, Southeast Asia is expected to continue to grow by 5.2% from 2019 to 2023, faster than the 4.8% posted from 2012 to 2016. The growth of emerging economies such as Vietnam and Indonesia will be driven by its growing middle class, and e-commerce in the region is expected to further expand as well. Tensions on trade between US and China have also led firms to reconfigure their supply chains and relocate production facilities from China to Southeast Asia, with Vietnam emerging as a top destination. Over the long term, such relocations are also likely to yield positive spill overs to Singapore. With the growth of the Southeast Asian economy, greater demand will be created for technological solutions. More companies in the Information Technology sector are setting up their regional headquarters in Singapore, rendering Singapore with a deeply skilled labour pool and wellestablished infrastructure. Looking ahead, there is still much optimism for Singapore’s real estate market, with the office and hospitality markets expected to perform well in 2019. The retail sector is also expected to receive a boost in the future, as plans to revamp the Orchard Road precinct get kickstarted.
Danny Yeo
Chairman & Group Managing Director Knight Frank Singapore
MARCH 2019 - JUNE 2019 • 5
Market Research Synopsis Residential
“
Prices of private residential properties increased by 7.9% year-on-year (y-o-y) in 2018 according to URA All Private Residential Property Price Index. However, the prices showed signs of cooling, decreasing by 0.1% q-o-q in Q4 2018. Slower sales due to the latest cooling measures exerted downward pressure on prices of older properties with expiring leases.
The decline in sales will likely persist in 2019, although buyers may progressively return to the market for choice properties.
With buyers increasingly discerning and cautious, sales volume fell especially in H2 2018 as the price gap between buyers and sellers widened. Non-Landed Residential Property sales volume (excluding Executive Condominiums) in Q4 2018 marked a decline of 34.9% q-o-q, or 43.4% y-o-y. The decline in sales will likely persist in 2019, although buyers may progressively return to the market for choice properties.
OUTLOOK FOR PRIVATE HOME PRICES Source: URA, Knight Frank Research
The decline in private residential sales post-cooling measures has dragged overall transaction volume in 2018 to 23,211 units, fewer than the 28,385 units in 2017. With the en-bloc market cooling off and the heightened caution in the market, the price gap between buyers and sellers widened. Most of the buyers who entered the market were purchasing homes for owner-occupation, and the investors were mainly sitting on the side lines.
ACTUAL
MARKET SEGMENT
Prices for private residential homes are expected to remain stable in 2019, although the price movement within market segments is likely to vary. Prices of older homes with expiring leases could come under pressure, as buyers were drawn to the new launch projects. The key downside risks in 2019 will be the uncertain economic outlook, interest rate hikes, and geopolitical tension. Notwithstanding these factors, these systematic risks are likely to impact across all asset classes and the general economy. Private residential properties in Singapore may still appeal to investors and buyers for wealth preservation.
PROJECTED
(AS AT Q4 2018)
Q-O-Q CHANGE
Y-O-Y CHANGE
(Y-O-Y CHANGE)
ISLAND-WIDE
-0.1%
7.9%
-1.0% TO 3.0%
NON-LANDED CCR
-1.0%
6.7%
-1.0% TO 1.0%
NON-LANDED RCR
1.8%
7.4%
-1.0% TO 4.0%
NON-LANDED OCR
0.7%
9.4%
-1.0% TO 3.0%
LANDED HOMES
-2.0%
6.3%
-1.0% TO 1.0%
BY END 2019
TOTAL SUPPLY OF PRIVATE HOMES, TOTAL SALES, AND URA PRIVATE RESIDENTIAL PROPERTY PRICE INDEX Source: URA, REALIS, Knight Frank Research Note: Transaction volume based on caveats lodged as at 3 Feb
PRIVATE RESIDENTIAL & EC LAUNCHED BUT UNSOLD PLANNED & UNDER CONSTRUCTION WITHOUT PRE-REQ BUT UNLAUNCHED PLANNED & UNDER CONSTRUCTION WITHOUT PRE-REQ TRANSACTION VOLUME PROPERTY PRICE INDEX OF RESIDENTIAL PROPERTIES 160 155
50,000
150
40,000
145 30,000
140
20,000
135
10,000
130 125
SINGAPORE VIEW • 6
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
0
URA Price Index
Number of Units Transacted
60,000
Retail In 2018, landlords and retailers were exploring new concepts to improve shoppers’ experience amid headwinds in the market. To create personalised shopping experiences for the shoppers, more malls introduced experiential spaces and offered lifestyle concepts and amenities within the mall to increase footfall. Likewise, retailers collaborated with technology companies to better understand their consumers through data analytics, thereby offering enhanced shopping environments and experiences. Despite such efforts, falling tourism spending and subdued Singapore consumer confidence, together with higher labour costs, capped any improvement in rents in Q4 2018. Based on Nielson’s Singapore Consumer Confidence Index released in December 2018, consumer confidence remained in the pessimistic territory. Given the challenging retail landscape, intensified regional and global competition, and from online retailers coming offline, Knight Frank projects that average rents in the Central Region will decrease up to 3.0% in 2019.
UPCOMING RETAIL SUPPLY FROM MAJOR DEVELOPMENTS IN KEY PRECINCTS (2019 – 2023) Source: URA, Knight Frank Research
FRINGE AREA
DOWNTOWN CORE
ORCHARD
REST OF CENTRAL AREA
SUBURBAN
2019 2020 2021 2022 2023
NETT LETTABLE RETAIL SPACE (’000 SQ FT)
0
200
400
600
800
1000
1200
1400
AVERAGE GROSS RENTS OF PRIME RETAIL SPACES*, Q4 2018 Source: Knight Frank Research * Prime spaces refer to rental-yielding units between 350 and 1,500 sq ft with the best frontage, connectivity, footfall and accessibility in a mall which are typically ground level of a retail mall and/ or the basement level of a retail mall that is linked to a MRT or bus station
LOCATION
$ PER SQ FT PER MONTH
Q-O-Q CHANGE Y-O-Y CHANGE
ISLAND-WIDE
ORCHARD ROAD
MARINA CENTRE, CITY HALL, BUGIS
CITY FRINGE
SUBURBAN
S$30.50
S$34.50
S$29.40
S$25.60
S$28.40
NO CHANGE
NO CHANGE
NO CHANGE
NO CHANGE
0.5%
2.1%
0.5%
3.5%
0.5% 0.8%
MARCH 2019 - JUNE 2019 • 7
MARKET RESEARCH SYNOPSIS
Office Prime Grade office rents in Raffles Place/Marina Bay precinct rose by 22.2% in 2018 to $10.95 per sq ft per month, after going up by 3.3% quarter-on-quarter (q-o-q) in Q4. The increase in rents was supported by limited supply of Grade A+ and Grade A offices in the CBD and demand of some 999,000 sq ft by Co-working, Banking, Finance and Insurance sectors. The high occupancy of Grade A+ and Grade A office space in the Raffles Place/ Marina Bay precinct resulted in increased demand for Grade A office space in the Shenton Way/ Robinson Road/ Tanjong Pagar precinct, driving rents up by 4.5% q-o-q. Rents in the City Fringe and Suburban precincts stayed stable, resulting in a widening rental gap with prime office space. The widening gap makes decentralisation more appealing to companies of significant size and having functions that can be decoupled. Co-working space operators have been actively taking up space in 2018, with more new entrants in Q4 such as Hong Kong based co-working operator Campfire Collaborative Spaces, leasing 85,000 sq ft over 16 floors at 139 Cecil Street, to become their largest site globally. The Information & Communications sector is expected to expand amongst other areas, in the area of advanced
cybersecurity for corporations and institutions, following several high-profile leaks of personal data. There will also be funding for financial companies to develop cybersecurity as the Monetary Authority of Singapore launched a S$30 million Cybersecurity Capabilities Grant to raise the cybersecurity level of the financial sector. A road map to identify and deal with “next-generation cyberthreats” in the Telecommunications sector over the next 5 years will also start in 2019, and likely drive growth. Prime office rents in the CBD are expected to go up in 2019 by 8% to 10%, barring any economic headwinds. The growth will be supported by the expansion of the Information & Communications and Business Services sectors. The ease of doing business in Singapore with its deep pool of skilled workers will continue to attract companies to locate and grow here. While companies are increasingly adopting activity-based workplace concepts to enhance collaboration and space efficiencies, many are not squeezing headcount drastically into reduced space, in view of overall staff well-being and productivity output derived from conducive workplace.
AVERAGE OFFICE RENTALS, BY KEY PRECINCTS IN Q4 2018 Source: Knight Frank Office Advisory • Rents are based on transacted leases • Rents are based on a lease term of at least three years • Rents are expressed as values rounded to nearest 10 cent • Rents are estimated based on leases of a whole-floor office space on the mid-floor levels of office properties and taking into account rent free period and other concessions 1 The sharp increase in average office rents in Paya Lebar was due to the inclusion of Paya Lebar Quarters in our basket.
LOCATION
q-o-q change
$11.60 - $12.10
2.5%
1.9%
-3.3pp
$9.80 - $10.30
2.1%
1.4%
-0.2pp
$9.20 - $9.70
4.5%
0.7%
0.2pp
$9.20 - $9.70
2.2%
1.8%
-0.1pp
$8.40 - $8.90
0.2%
0.8%
-2.4pp
BEACH ROAD / MIDDLE ROAD GRADE A
$8.80 - $9.30
1.9%
1.8%
0.3pp
CITY FRINGE WEST ALEXANDRA / HARBOUFRONT
$6.30 - $6.80
0.3%
3.9%
CITY FRINGE NORTH NOVENA / NEWTON
$6.50 - $7.00
0.0%
2.4%
$6.10 - $6.60
28.0%1
6.5%
$4.40 - $4.90
-
2.2%
$5.10 - $5.60
0.6%
-
RAFFLES PLACE/ MARINA BAY GRADE A+ RAFFLES PLACE/ MARINA BAY GRADE A SHENTON WAY/ ROBINSON ROAD/ TANJONG PAGAR GRADE A MARINA GRADE A
ORCHARD GRADE A
CITY FRINGE EAST PAYA LEBAR
SUBURBAN EAST
SUBURBAN WEST
SINGAPORE VIEW • 8
Vacancy of Office Space (%)
Percentage Points
Gross Effective Monthly Rents ($ psf pm)
“
Due to the lack of supply, rents are expected to continue increasing in 2019 barring any economic headwinds that would mute the demand for space.
UPCOMING OFFICE SUPPLY (‘000 SQ FT GROSS), AS AT Q4 2018 Source: URA, Knight Frank Research
2019 MARINA BAY / RAFFLES PLACE
179
SHENTON WAY/ ROBINSON ROAD / TANJONG PAGAR
184
2020
2021 757
788
2022
BEYOND 2022
1,495
151
437
MARINA
696
BEACH ROAD / MIDDLE ROAD
ORCHARD
443
FRINGE (EAST)
3
FRINGE (WEST)
139
SUBURBAN
571
130 312 145
15
785
Industrial The Singapore economy grew by 2.2% y-o-y in Q4 2018, according to advance estimated from Ministry of Trade and Industry. The Gross Domestic Product (GDP) of manufacturing sector grew by 5.5 per cent on a y-o-y basis, faster than the 3.7 per cent growth in Q3. Growth of manufacturing sector was largely attributed to the expansions in the biomedical manufacturing and electronic clusters, which more than offset the output in the precision decline in the precision engineering cluster. Average rents for island-wide industrial space stayed unchanged y-o-y at S$2.00 per square foot per month (psf pm) in Q4 2018, based on Knight Frank basket of industrial properties. The number of rental transactions of industrial space excluding business parks in 2018 went up to 10,467 transactions, more than 9,167 transactions in 2017. The value of rental transactions also went up to S$74.8 million in 2018 from S$57.1 million in 2017. Moving forward, rents are likely to remain stable in 2019. While demand is likely to be under pressure due to uncertain external environment, the pipeline supply is moderated.
AVERAGE MONTHLY GROSS RENTALS FOR CONVENTIONAL INDUSTRIAL SPACE, BY KEY CLUSTERS Source: Knight Frank Research * Range of rentals are estimated based on the average of minimum and maximum transacted rentals derived
INDUSTRIAL CLUSTER Kaki Bukit – Ubi – Paya Lebar – Eunos Macpherson – Tai Seng – Defu
* Only rents of units on upper floors are included
MONTHLY GROSS RENTALS (UPPER-FLOOR, S$ PER SQ FT)
Q-O-Q CHANGE
Y-O-Y CHANGE
$2.10
No change
-3.7%
No change
Q3 2018
Q4 2018
$1.60
$1.60
$2.10
Kallang – Geylang – Bendemeer
$3.20
$3.20
Serangoon – Ang Mo Kio – Lorong Chuan – Toa Payoh – Pemimpin
$1.80
$1.80
Bukit Merah – Alexandra – Jalan Kilang – Pasir Panjang Clementi – Toh Tuck – Bukit Batok Pioneer – Tuas
Woodlands – Sembawang – Admiralty – Yishun Average
Business Park Space (Island-wide)
$2.70 $1.60 $1.60
$1.40
$2.00 $4.30
$2.70 $1.60 $1.65
No change No change
5.8%
-3.3%
No change
-0.8%
3.1%
1.7%
No change
$1.40
No change
$4.30
No change
$2.00
4.3%
No change
12.5% 7.7%
No change 3.9%
MARCH 2019 - JUNE 2019 • 9
Advisory Services
Consultancy Tapping the rich expertise and varied experience of our multiple service lines, Knight Frank Consultancy is a leader in delivering innovative solutions to individuals, private corporations and public sector agencies facing issues in land and property matters. Over the past five years, we have led numerous studies and advisory assignments covering diverse areas such as market forecasts, highest and best use analysis, project feasibility, consumer research, master planning, product design, financial modelling, investment consulting, and asset allocation.
FOR MORE INFORMATION, PLEASE CONTACT: Tay Kah Poh Executive Director & Head, Consultancy 6228 6833 • kahpoh.tay@sg.knightfrank.com
Our consulting professionals bring rigour, attention to detail, broad understanding of commercial realities, deep market insights and creativity to clients’ requirements.
Research Knight Frank’s research covers the breadth and depth of the real estate sector and is backed by a team of research professionals that navigate complex planning and development issues and requirements, identifying potential risks before they arise and proposing optimal and relevant strategies for your assets. We are committed to providing quality market intelligence that matter to the industry through regular research bulletins, commentaries, media columns, property supplements and knowledge sharing at public seminars and exclusive events.
SINGAPORE VIEW • 10
FOR MORE INFORMATION, PLEASE CONTACT: Lee Nai Jia Senior Director & Head, Research 6228 6878 • naijia.lee@sg.knightfrank.com
Valuation & Advisory With a track record of more than 79 years in Singapore, Knight Frank’s Valuation & Advisory team grows from strength to strength. We are proud to have served many clients who have placed their trust in our competence, integrity and professionalism by staying with us year after year. Our experienced, well-respected and dedicated Valuation & Advisory team regularly appraises properties for mortgage, sale or purchase, public listing, financial reporting, rental reviews, litigation and statutory valuations. Today, we are on the valuation panel of nearly every leading bank and financial institution in Singapore. Recently, Knight Frank has been appointed for the following valuations: Mapletree Industrial Trust – Portfolio valuation comprising three business parks buildings, 72 flatted factories and hitech buildings, one stack-up/ramp-up buildings and four light industrial buildings.
FOR MORE INFORMATION, PLEASE CONTACT: Low Kin Hon Deputy Group Managing Director & Head, Valuation & Advisory 6228 6860 • kinhon.low@sg.knightfrank.com Png Poh Soon Senior Director, Valuation & Advisory 6228 7393 • pohsoon.png@sg.knightfrank.com
Mapletree Commercial Trust – Portfolio valuation of Mapletree Business City 1, a large-scale integrated business hub and three other commercial buildings. Ascendas Real Estate Investment Trust – Portfolio valuation of six logistics buildings and 14 business parks properties located in Changi Business Park and International Business Park. Additionally, we undertake instructions to provide advice for rental valuations and statutory valuations involving property tax and land acquisition. In several cases, this has resulted in significant tax savings for our clients.
MARCH 2019 - JUNE 2019 • 11
Auction & Sales 2A FABER PARK / D05 FOR SALE
GUIDE PRICE SGD 6.8 M
Faber Park 2-STOREY DETACHED HOUSE WITH BASEMENT, ROOF TERRACE, SWIMMING POOL & LIFT The subject property is located at the eastern junction of Faber Drive and Faber Park, off Jalan Lempeng and approximately 13.5 km from the city centre. • • • • • • • • • •
Tenure : Freehold Land Area : Approx. 558.5 sq m / 6,012 sq ft Floor Area : Approx. 1,008 sq m / 10,853 sq ft 2014 Masterplan Zoning: Residential T.O.P : 2015 5+1 good sized bedrooms, naturally well-lit A short drive to Clementi MRT station & bus interchange 0.34 km to Nan Hua Primary School Ample parking space Modern style home with good-sized swimming pool
Tricia Tan (CEA Reg No: R021904I) 9387 9668 • 6228 7349 tricia.tan@sg.knightfrank.com
BELMONT ROAD / D10 FOR SALE
GUIDE PRICE PRICE ON APPLICATION
Belmont Road 2-STOREY GOOD CLASS BUNGALOW WITH BASEMENT AND SWIMMING POOL The subject development is located at Belmont Road — an exclusive residential estate off Holland Road. It is within close proximity to shopping facilities at Holland Village and Orchard Road, as well as walking distance to the circle line at Holland Village station. • • • • •
Tenure : Freehold Zoning : Good Class Bungalow zone Land Area : Approx. 1,516.8 sq m / 16,327 sq ft Floor Area : Approx. 1,068.6 sq m / 11,502 sq ft 4 Bedrooms
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com Teddy Ng (CEA Reg No: R006630G) 9030 4603 • 6228 7326 teddy.ng@sg.knightfrank.com Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
SINGAPORE VIEW • 12
Jalan Pergam
GUIDE PRICE SGD 3.96 M
JALAN PERGAM / D16 FOR SALE
GUIDE PRICE SGD 836 PSF
PASIR RIS HEIGHTS / D18 FOR SALE
2.5-STOREY SEMI-DETACHED HOUSE The subject property is well-designed with a functional layout and high quality finishings. Each room also comes with a shaded veranda that allows one to lounge around despite rainy weather. It is located within proximity to NTUC Fairprice, Changi City Point, Bedok Shopping Complex and Upper Changi MRT. Nearby schools include the Singapore University of Technology & Design, Chang Kat Changi Secondary School, Chang Kat Primary School, and Angsana Primary School. • • • • • • • • •
Tenure : 99-year Leasehold (wef 1/1/1965) Land Area: Approx. 366.4 sqm / 3,944 sq ft Floor Area: Approx. 548.2 sqm / 5,901 sq ft Highest built house along Jalan Pergam Unblocked views Huge bedrooms Regular shape land with wide frontage Includes Koi pond 2-minute walk to Upper Changi MRT station
Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com
Pasir Ris Heights 3-STOREY CORNER TERRACE HOUSE WITH GARDEN The subject property is located within 1 km to Elias Park Primary School, Park View Primary School and Overseas Family School. It is also within walking distance to Elias Mall where amenities are readily available. • • • • • • • •
Tenure : 999-year Leasehold (wef 1874) Land Area: Approx. 533 sq m / 5,737 sq ft Floor Area: Approx. 232.25 sq m / 2,500 sq ft 2014 Master Plan zoning: 3-Storey Mixed Landed 4 good-sized bedrooms Sits on elevated ground with good sea and green views Bright and windy space in quiet, serene area Short walk to seaside at Pasir Ris Beach Park
Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com Teddy Ng (CEA Reg No: R006630G) 9030 4603 • 6228 7326 teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 13
AUCTION & SALES
JALAN ARIF / D19 FOR SALE
GUIDE PRICE SGD 860 PSF
Jalan Arif
(Off Poh Huat Road) LAND WITH A 2-STOREY SEMI-DETACHED HOUSE The subject land is rectangular in shape with a frontage of about 12 metres. The subject property is located on the southern side of Jalan Arif, off Yio Chu Kang Road and Hougang Avenue 2. The immediate locality is mainly residential in nature. Accessibility to other parts of Singapore is enhanced by its proximity to the CTE and TPE. • • • • • • •
Tenure : 999-year Leasehold (wef 27/12/1875) Land Area : Approx. 517.8 sq m / 5,573.5 sq ft 4 good-sized bedrooms with helper’s room Can be rebuilt into a detached house Frontage or approx. 12 m Walking distance to Kovan MRT station 2012 Master Plan Zoning: “Residential” with plot ratio 1.4
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
TANGLIN VIEW / D03 FOR SALE
GUIDE PRICE PRICE ON APPLICATION
Tanglin View RARE SINGLE-LEVEL 4-BEDROOM APARTMENT The subject property is located within minutes to the Orchard Road shopping belt, Raffles Place and Redhill MRT station. Prestigious schools nearby include Crescent Girls’ School and Gan Eng Seng School. • • • • • •
Tenure : 99-year Leasehold (wef 1997) Floor Area : Approx. 216 sq m / 2,325 sq ft Renovated, move-in condition Panoramic unblocked greene views overlooking the GCB area High-floor, a level below the penthouse Full Miele modern gourmet kitchen
Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com Teddy Ng (CEA Reg No: R006630G) 9030 4603 • 6228 7326 teddy.ng@sg.knightfrank.com
SINGAPORE VIEW • 14
Reflections @ Keppel Bay
GUIDE PRICE SGD 4.18 M
33 KEPPEL BAY VIEW / D04 FOR SALE
GUIDE PRICE SGD 3.6 M
9 LEONIE HILL / D09 FOR SALE
4-BEDROOM APARTMENT
Reflections @ Keppel Bay is a 1,129-unit condominium development with communal facilities such as sky bridges, mini-mart and water features. • • • • • •
Tenure : 99-year Leasehold (wef 2006) Floor Area : Approx. 233 sq m / 2,507 sq ft Waterfront living with 360 degree panoramic views of marina, sea, city & Mount Faber Vacant possession on as-is-where-is basis Daily shuttle bus service available to Telok Blangah MRT & Harbourfront Centre Close proximity to Vivocity and Harbourfront MRT station
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com
The Lumos 3-BEDROOM APARTMENT The Lumos is easily accessible via Orchard MRT station and is walking distance to many shopping malls along the Orchard Road shopping belt such as Takashimaya Shopping Centre, Ngee Ann City, and Wisma Atria. Schools situated nearby include River Valley Primary School, Alexandra Primary School, Anglo-Chinese School (Junior) and ISS International School. • • • • • •
View from Unit
Tenure : Freehold Floor Area : Approx. 163 sq m / 1,755 sq ft With Gaggenau kitchen appliances and private lift North East facing, with views of Orchard Well maintained; in move-in-condition Bright and cozy
Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com Teddy Ng (CEA Reg No: R006630G) 9030 4603 • 6228 7326 teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 15
AUCTION & SALES
172 SIXTH AVENUE / D10 FOR SALE
GUIDE PRICE SGD 2.35 M
The Sixth Avenue Residences 3-BEDROOM APARTMENT The Sixth Avenue Residences is a condominium development which comprises seven 5-storey blocks, accommodating a total of 175 units. Recreational facilities provided within the development include lap pools, a children’s pool, bubble pools, clubhouse with gymnasium and function room, tennis court, BBQ area with trellises, children’s play area, fitness corner and jogging track. • • • • • • •
Tenure : Freehold Floor Area : Approx. 126 sq m / 1,356 sq ft T.O.P : 2009 Pool view Spacious bedrooms Brisk walk to Sixth Avenue MRT station Close to Holland Village
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
36 FLORA DRIVE / D17 FOR SALE
GUIDE PRICE FROM SGD 2.6 M
Palm Isles 3-STOREY CLUSTER HOUSE The subject property comprises a total of 429 units, with condominium facilities. It is located close to Tampines Mall, Loyang Point, Singapore Expo, Changi Business Park, Changi Airport and Tampines IKEA. Vehicle owners can take the PIE, ECP and TPE to get to the business hub or shopping district in the city. • • • • • • •
Tenure : 99-year Leasehold (wef 2011) Floor Area : Approx. 353 sq ft / 3,800 sq ft 5+1 bedrooms 2 carpark lots in front of the house Near an international school Tenanted at $7,800 per month Foreigners are eligible
Tricia Tan (CEA Reg No: R021904I) 9387 9668 • 6228 7349 tricia.tan@sg.knightfrank.com
SINGAPORE VIEW • 16
Mosque Street A PAIR OF 3-STOREY RESTORED SHOPHOUSES WITH MEZZANINE LEVELS
GUIDE PRICE SGD 28 M
MOSQUE STREET / D01 FOR SALE
GUIDE PRICE SGD 4.6 M
351 BEACH ROAD / D07 FOR SALE
Located the buzzing yet historic Chinatown district, the vicinity consists of many heritage shophouses, boutique hotels, offices and retail shops. There is also a vibrant trade mix of design studios, an arts studio, beauty salons, spa, traditional medical hall, stylish restaurants, bars and cafes. Notable developments nearby include People’s Park Centre, People’s Park Complex, Chinatown Point, Hong Lim Complex and Yue Hwa Building.
• • • • • • •
Tenure : Freehold Land Area : Approx. 249.7 sq m / 2,688 sq ft Floor Area: Approx. 724.6 sqm / 7,800 sq ft Masterplan Zoning: “Commercial” under the Chinatown Historic District (Kreta Ayer) Conservation Area Approved for use as restaurant and showroom Ground floor is tenanted for use as bath ware showroom and restaurant-cum-bar; upper floors are tenanted to offices Tenanted for approx. $41,000/- expiring around mid 2019
Lock Sau Lai (CEA Reg No: R002919C) 9181 1819 • 6228 6814 saulai.lock@sg.knightfrank.com
Beach Road 2-STOREY F&B SHOPHOUSE Located along the popular food street, the shophouse is in a vibrant vicinity consisting of notable developments such as the new Concourse Skyline, City Gates, Hotel Parkroyal, Hotel Clover, Golden Mile Complex, Golden Mile Food Centre and The Plaza. Located within the Bugis / Ophir-Rochor Corridor, URA plans to rejuvenate the area to into the next CBD. It is a short walk to both Nicoll Highway and Bugis MRT stations and near the popular tourist area, Kampong Glam Heritage District. • • • • • •
Tenure : 99-year Leasehold (wef 15 Aug 2005) Land Area : Approx. 129.3 sq m / 1,392 sq ft Master Plan Zoning 2008 - “Commercial”, Kampong Glam Historic and Conservation Area Tenanted for use as restaurant and karaoke lounge Permanent approval for use as restaurant Prominent facing along main road with heavy traffic
Lock Sau Lai (CEA Reg No: R002919C) 9181 1819 • 6228 6814 saulai.lock@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 17
AUCTION & SALES
2A VEERASAMY ROAD / D08 FOR SALE
GUIDE PRICE SGD 6.68 M
Veerasamy Road 2-STOREY PREWAR SHOPHOUSE WITH FRONT COURTYARD Located close to Serangoon Road near Sri Veeramakaliamman Temple, Santa Grand Hotel, Curry Restaurant and Maxi Cash located on the opposite side of the road. The subject property also has prominent frontage. The nearby well-known retail outlets and malls such as Tekka Market, The Verge, Little India Arcade and Gholia’s Village, Little India Arts Belt, City Square, Mustafa Centre and Serangoon Road provide excellent traffic flow in the area. • • • • • • •
Tenure : Freehold Land Area : Approx. 181.1 sq m / 1,950 sq ft Floor Area : Approx. 345 sq m / 3,713 sq ft 2014 Master Plan Zoning : “Commercial” within Little India Conservation Area in Historic District Frontage of approx. 5.5 metres and depth of approx. 33m Tenanted till July 2021 To be sold subject to existing tenancy and on a “as is where is basis”
Lock Sau Lai (CEA Reg No: R002919C) 9181 1819 • 6228 6814 saulai.lock@sg.knightfrank.com
80 CHANGI ROAD / D15 FOR SALE
Centropod @ Changi SHOP / OFFICE Centropod @ Changi primarily houses retail and office spaces. It is within walking distance to Eunos MRT station, and located near several eateries such as Joo Chiat Food Centre at Geylang Serai. The property is located within reasonable distance to NTUC Fairprice and Joo Chiat Complex for an array of amenities such as grocery shopping, retail shops and a bank. Accessible via Changi Road, Geylang Road and PIE. • • • •
Tenure : Freehold T.O.P : 2015 Near escalator and elevator Comes with waterpoint
#01-XX (SHOP) • Floor Area : Approx. 21 sq m / 226 sq ft • Guide Price : SGD $6XX K #03-XX (OFFICE) • Floor Area : Approx. 45 sq m / 484 sq ft • Guide Price : SGD $7XX K Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com
SINGAPORE VIEW • 18
The Grange
GUIDE PRICE SGD 5.8 M
3 GRANGE GARDEN / D10 FOR SALE
GUIDE PRICE SGD 16 M
6X / 8X SELETAR AEROSPACE VIEW D28 FOR SALE
4-BEDROOM APARTMENT The subject property is located within minutes’ drive from the popular Orchard Road shopping belt and Orchard MRT station. Orchard Boulevard MRT station (TE13), which is under currently under construction, will be within walking distance from the subject development. It is also located within walking distance to Singapore Botanic Garden, Forum The Shopping Mall, Tanglin Shopping Centre, Tanglin Mall, Tanglin Market Place, Cold Storage Specialty and Jasons-The Gourmet Grocer. • • • • • •
Tenure : Freehold Floor Area : Approx. 213 sq m / 2,293 sq ft TOP : 2008 Mid-floor unit Vacant possession Includes condominium facilities
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
Seletar Aerospace View B2 FACTORY
The property is located along Seletar Aerospace View, off Seletar Aerospace Drive and within the Seletar Aerospace Park. Primarily industrial in nature, it comprises of a JTC specialized industrial park, aircraft hangars and colonial bungalows. Public transport facilities are available along Seletar Aerospace Drive, and is easily accessible to the TPE (SLE).
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2014 Masterplan Zoning : Business 2 with maximum permissible plot ratio of 1.0
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SELETAR AEROSPACE VIEW Tenure : 29-year Leasehold (wef 01 Dec 2011) Floor Area : Approx. 1,674 sq m / 18,019 sq ft Comprises a single-storey hangar with a 2-storey training facilities & roof terrace
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SELETAR AEROSPACE VIEW Tenure : 30-year Leasehold (wef 01 Dec 2010) Floor Area : Approx. 6,029 sq m / 64,896 sq ft Comprises a 2-storey hangar with ancillary offices and roof terrace
Tricia Tan (CEA Reg No: R021904I) 9387 9668 • 6228 7349 tricia.tan@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 19
Industrial
6 Tuas Link 1
6 TUAS LINK 1, D22 FOR SALE
A JTC STANDARD SINGLE-STOREY DETACHED FACTORY WITH MEZZANINE LEVEL
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The subject property is easily accessible via Pioneer Road and the Ayer Rajah Expressway (AYE) to other parts of Singapore, and is only 4 minutes’ drive to Tuas Checkpoint. It within convenient walking distance to Tuas West Road and Tuas Link MRT Stations. Public transport to Joo Koon and Boon Lay Interchange is also readily available nearby. The property is situated among buildings involved in the engineering, manufacturing, chemicals and marine industries. It is also well served by Pioneer Food Village, which is less than 5 minutes’ walk away.
SINGAPORE VIEW • 20
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Tenure : JTC Leasehold 30 years (wef Sep 2004) Land Area : 44,457 sq ft Floor Area : Approx. 31,118 sq ft 2014 Master Plan Zoning : B2 with Plot Ratio 1.4 Spacious backyard Close proximity to MRT station and food centre
Alvin Teng (CEA Reg No: R002950I) 9380 8662 • 6228 6893 alvin.teng@sg.knightfrank.com
34 Benoi Road
34 BENOI ROAD, D22 FOR SALE
A JTC SINGLE-STOREY DETACHED FACTORY WITH OPEN LAND
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The subject property is situated along the junction of Benoi Road and Pioneer Road, and is easily accessible via major expressways such as the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE). The subject property is also within an established industrial area, and is approximately 5 minutes’ drive to Gul Circle MRT station.
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Tenure : JTC Leasehold 19 years (wef Nov 2011) Land Area : Approx. 109,063 sq ft Gross Floor Area : Approx. 37,297 sq ft 2014 Master Plan Zoning : B2 with Plot Ratio 1.4
Ng Ee Kiat (CEA Reg No: R002972Z) 9825 0900 • 6228 7334 eekiat.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 21
Century Warehouse PASIR PANJANG ROAD, D05 SOLD
FREEHOLD B1 INDUSTRIAL DEVELOPMENT
Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com Tan Boon Leong (CEA Reg No: R002918E) 9871 0009 • 6228 6894 boonleong.tan@sg.knightfrank.com
SINGAPORE VIEW • 22
Knight Frank’s Industrial and Investment & Capital Markets teams are pleased to announce the successful sale of Century Warehouse for SGD 48.5 million to a private investment company. Century Warehouse is an 8-storey freehold industrial warehouse with basement carpark, comprising 35 strata units. It is nestled within an exclusive industrial enclave, surrounded by other industrial developments such as Interlocal Centre and OC @ Pasir Panjang, and is within walking distance to both the Pasir Panjang and Labrador Park MRT stations and enjoys easy access to major arterial roads and expressways such as the West Coast Highway and Ayer Rajah Expressway. • • •
Tenure : Freehold Site Area : Approx. 2,824 sq m / 30,402 sq ft 2014 Master Plan Zoning : Industrial (B1), with Gross Plot Ratio of 2.5
Investment & Capital Markets
Normanton Park Dunearn Gardens
Kemaman Point
Collective Sales
KNIGHT FRANK HAS SOLD 9 COLLECTIVE SALE SITES FOR OVER SGD 3 BILLION FROM 2017 TO 2019.
ONE TREE HILL GARDENS
RIO CASA
NORMANTON PARK
DUNEARN COURT
MAYFAIR GARDENS
GOODLUCK GARDEN
DUNEARN GARDENS
KEMAMAN POINT
CENTURY WAREHOUSE
Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
Lennon Koh (CEA Reg No: R022673H) 9748 7400 • 6228 7327 lennon.koh@sg.knightfrank.com
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Site Area: 39,063 sq ft Sale Price: SGD 65 mil Purchaser: Lum Chang Auriga Pte Ltd
Site Area: 19,203 sq ft Sale Price: SGD 36.3 mil Purchaser: RH Central Pte Ltd
Site Area: 95,442 sq ft Sale Price: SGD 468 mil Purchaser: EL Development Pte Ltd
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Site Area: 396,231 sq ft Sale Price: SGD 575 mil Purchaser: Oxley – Lian Beng Venture Pte Ltd
Site Area: 208,475 sq ft Sale Price: SGD 311 mil Purchaser: Citrine Property Pte Ltd
Site Area: 43,825 sq ft Sale Price: SGD 143.88 mil Purchaser: Soilbuild Group Holdings Ltd
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Site Area: 660,999 sq ft Sale Price: SGD 830.1 mil Purchaser: Kingsford Huray Development Pte Ltd
Site Area: 360,130 sq ft Sale Price: SGD 610 mil Purchaser: Qingjian Group of Companies
Site Area: 30,402 sq ft Sale Price: SGD 48.5 mil
MARCH 2019 - JUNE 2019 • 23
INVESTMENT & CAPITAL MARKETS
Beauty World Plaza
COMMERCIAL AND RESIDENTIAL REDEVELOPMENT OPPORTUNITY IN D21
UPPER BUKIT TIMAH ROAD, D21 FOR SALE
Beauty World Plaza is a mixed-use commercial and residential development comprising a single block with 61 retail units and 30 residential units, with a site area of 2,305.6 sq m (approx. 24,817 sq ft).
Marvelle Wong (CEA Reg No: R055510C) 9753 5878 • 6228 7359 marvelle.wong@sg.knightfrank.com Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
SINGAPORE VIEW • 24
Beauty World MRT station, which conveniently abuts the development, has full sheltered access to its entrance. Major arterial roads as well as expressways such as the Pan Island Expressway (PIE), Bukit Timah Road, Dunearn Road, Clementi Road and Ayer Rajah Expressway (AYE) provide seamless connectivity to other parts of Singapore. Additionally, the development is less than 30 minutes’ drive to Changi Airport. • • • • •
Tenure : 999-year Leasehold Site Area : Approx. 2,305.6 sq m / 24,817 sq ft 2014 Master Plan Zoning : Commercial & Residential, with Gross Plot Ratio of 3.0 No Development Charge payable; PAFS not required In-principle approval for commercial & serviced apartments
The London Studios LONDON SE1, UNITED KINGDOM FOR SALE PRIME FREEHOLD REDEVELOPMENT OPPORTUNITY ON LONDON SOUTH BANK The London Studios is a freehold site with spectacular mixed use development potential. It is located in a prime position on London South Bank, benefitting from being in close proximity to two major Central London rail hubs: London Blackfriars Station and Waterloo Station. • • • •
A 2.5 acre (1.01 hectare), Central London freehold site fronting the River Thames Existing ITV Headquarters with uninterrupted 360-degree view Detailed planning permission for a 31-storey residential tower and a separate office and studio development Potential to create new world-class office building, subject to necessary consents
Karen Wan (CEA Reg No: R040821F) 9772 8042 • 6228 6809 karen.wan@sg.knightfrank.com Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 25
INVESTMENT & CAPITAL MARKETS
280 Elizabeth Street
MAJOR REDEVELOPMENT OPPORTUNITY IN BRISBANE GOLDEN TRIANGLE
BRISBANE, AUSTRALIA FOR SALE
Boasting the most enviable CBD location, 280 Elizabeth Street is the only major development opportunity to come to market offering quality ‘as is’ investment fundamentals.
*In conjunction with Charter Keck Cramer
A marquee site in the heart of Brisbane’s Golden Triangle, the site is nestled between the GPO and one of the city’s flagship intersections on Creek and Elizabeth Streets. The site’s favourable zoning affords it ultimate development flexibility, with its location suiting a series of potential schemes including office, residential or hotel accommodation.
Karen Wan (CEA Reg No: R040821F) 9772 8042 • 6228 6809 karen.wan@sg.knightfrank.com Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
SINGAPORE VIEW • 26
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Freehold, 100% leased to Telstra Corporation Ltd Site Area : Approx. 1,670 sq m Triple Net Income 7 years WALE A multitude of future uses including commercial, residential and hotel
201 Charlotte Street
AN A GRADE OFFICE ASSET IN THE HEART OF THE GOLDEN TRIANGLE IN BRISBANE CBD
BRISBANE, AUSTRALIA FOR SALE
201 Charlotte Street is a 15-storey A-Grade office building serviced by two levels of basement parking and a newly refurbished ground floor retail court yard.
*In conjunction with CBRE
The asset is positioned in the high profile location of the ‘Golden Triangle’, which inherently provides tenants with close proximity to the CBD’s best amenities, including Eagle Street, Brisbane GPO, Brisbane River City Cat Services, Central Station, Eagle Street pier, and is situated approximately 250 metres east of the iconic retail and hospitality hub of the Queen Street Mall.
Karen Wan (CEA Reg No: R040821F) 9772 8042 • 6228 6809 karen.wan@sg.knightfrank.com Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
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100% Freehold Net Lettable Area : Approx. 13,291 sq m 5 years WALE Enjoys High Occupancy 3.5 Stars NABERS Energy Rating
MARCH 2019 - JUNE 2019 • 27
INVESTMENT & CAPITAL MARKETS
SBF Center Medical Suites ROBINSON ROAD, D01 FOR SALE / LEASE RARE MEDICAL SUITES IN CBD VICINITY SBF Center is a prime 33-storey commercial building with three levels dedicated to medical suites. It has a dedicated lobby and direct lift access to the medical suites on the 3rd to 5th storeys. • • •
Tenure : 99-year Leasehold (wef 2011) Strata Area : Approx. 678 sq ft onwards Close proximity to Tanjong Pagar MRT station
Mary Sai (CEA Reg No: R027878I) 9388 7879 • 6228 6886 mary.sai@sg.knightfrank.com James Wong (CEA Reg No: R017407Z) 9113 3113 • 6228 7345 james.wong@sg.knightfrank.com
SINGAPORE VIEW • 28
Parklane Shopping Mall SELEGIE ROAD, D07 FOR SALE F&B INVESTMENT OPPORTUNITY The subject property is a strata retail unit currently tenanted to a prominent F&B operator. • • •
Tenure : 99-year Leasehold (wef 1974) Strata Area : Approx. 2,002 sq ft Prominent frontage
Zach Teo (CEA Reg No: R057284I) 9190 6256 • 6228 7394 zach.teo@sg.knightfrank.com Mary Sai (CEA Reg No: R027878I) 9388 7879 • 6228 6886 mary.sai@sg.knightfrank.com
Marrison Hotel DESKER ROAD, D08 FOR SALE FREEHOLD HOTEL OPPORTUNITY AT LITTLE INDIA The subject property comprises a block of 6 adjoining 2-storey refurbished conservation shophouses with attic. It enjoys dual frontages to Desker Road and Kampong Kapor Road. • • • • •
Tenure : Freehold Land Area : 6,663 sq ft Gross Floor Area : Approx. 12,270 sq ft Ground floor occupied as F&B outlets and retail shops Upper floor occupied as boutique hotel with 25 rooms
Mary Sai (CEA Reg No: R027878I) 9388 7879 • 6228 6886 mary.sai@sg.knightfrank.com James Wong (CEA Reg No: R017407Z) 9113 3113 • 6228 7345 james.wong@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 29
INVESTMENT & CAPITAL MARKETS
Jalan Bukit Merah JALAN BUKIT MERAH, D03 FOR SALE HDB SHOPS INVESTMENT OPPORTUNITY The subject property comprises 2 adjoining HDB shops with living quarters located along Jalan Bukit Merah and Kim Tian Road. • • •
Tenure : 81-year Leasehold (wef 1994) Floor Area : Approx. 3,014 sq ft Ample car park lots available and faces road
Zach Teo (CEA Reg No: R057284I) 9190 6256 • 6228 7394 zach.teo@sg.knightfrank.com Mary Sai (CEA Reg No: R027878I) 9388 7879 • 6228 6886 mary.sai@sg.knightfrank.com
Telok Blangah Drive TELOK BLANGAH DRIVE, D04 FOR SALE HDB SHOPS INVESTMENT OPPORTUNITY The subject property comprises 2 adjoining HDB shops with living quarters located along Telok Blangah Drive and Telok Blangah Street. • • •
Tenure : 82-year Leasehold (wef 1995) Floor Area : Approx. 3,229 sq ft Ample car park lots available
Zach Teo (CEA Reg No: R057284I) 9190 6256 • 6228 7394 zach.teo@sg.knightfrank.com Mary Sai (CEA Reg No: R027878I) 9388 7879 • 6228 6886 mary.sai@sg.knightfrank.com
SINGAPORE VIEW • 30
Office Advisory
FOR MORE INFORMATION, PLEASE CONTACT:
Calvin Yeo Executive Director & Head, Office Advisory 6228 6887 • calvin.yeo@sg.knightfrank.com
Navigating tomorrow’s workplace
Reaching an informed decision
Matching the right spaces
In an age of disruption, the office space leasing decision has become evermore complex and business critical for occupiers. For office space owners, understanding the new dynamics of demand for office space has never been more important. Increasing workforce mobility due to technology has conversely made people interaction at the workplace even more critical to business outcomes.
As organisations respond to nurturing collaborative and innovative outcomes at work, a typography of workplace settings is essential in embodying this transformation.
For the office space owner, rent will not be considered in isolation by occupiers such that overall workplace outcomes are compromised.
At Knight Frank, we bring occupiers professional advice beyond leasing office space as it is the only physical component capable of nurturing organisational collaboration and innovation necessary for competing in an age of unprecedented business change and disruption.
At Knight Frank, we bring a holistic process in bridging the gaps between the workplace of today and tomorrow balancing costs against needs that support and influences a range of wider strategic considerations such as, productivity, brand promotion, the attraction and retention of talent. The office space decision is increasingly one of strategic importance and more about people than brick and mortar in nurturing successful workplace and business outcomes.
Apart from efficient floor plates and a conducive workplace environment, having complementary communal amenities and scalability within a building is key to occupiers in navigating tomorrow’s workplace. At Knight Frank, we understand occupiers and matching the demand for office space perfectly.
MARCH 2019 - JUNE 2019 • 31
Property Asset Management Asset Management Our Asset Management team manages more than 8 million square feet of space spanning 19 properties, encompassing retail malls, offices, industrial buildings and residential complexes. We provide a full suite of services which include leasing and tenant management, facilities management, marketing communications, finance and human resource management across commercial, retail and residential assets. We also offer specialised retail services, including mall repositioning and consultancy, trade and tenant mix and asset enhancement initiatives.
SLA Properties 66 Monk Hill
NTUC Income Properties Income @ Tampines
SINGAPORE VIEW • 32
Sembawang Shopping Centre
Hillion Mall
FOR MORE INFORMATION ON ASSET AND STRATA MANAGEMENT, PLEASE CONTACT: 6848 5678 • enquiries@kfpam.com.sg
Strata Management The Strata Management team has been in operation for over 19 years, gaining vast knowledge and experience in the property management industry. We manage a wide-ranging portfolio of estates sized from 10 to 1,300 units. Our promise is to provide clients with bespoke, creative solutions that will enhance and protect their property investments, reducing operating costs, minimising risks and ensuring optimal occupier retention.
Thomson Impressions Temporary Occupancy Permit (TOP) Project
Nassim Park Residences High-End Condominium in District 9
Sol Acres Executive Condominium (EC) in District 23
Marina One Residences Mixed Development Project
MARCH 2019 - JUNE 2019 • 33
Residential Local Developments Artist's Impression
Marina One Residences 21 & 23 MARINA WAY, D01 FOR SALE GUIDE PRICE : PRICE ON APPLICATION
AN AWARD-WINNING MASTERPIECE Marina One is an integrated development that places you on the pulse of Singapore’s vibrant Central Business District and beyond. Comprising luxury residences, unique retail offerings and Grade -A offices, Marina One is nestled amongst lush greenery and green parks.
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Marina One Residences is seamlessly connected to four MRT lines (North-South, Circle, Downtown and the upcoming Thomson line) and is easily accessible from major expressways. With island-wide connectivity, Marina One Residences is conveniently located to everything you want and possibly need.
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
SINGAPORE VIEW • 34
Tenure : 99-year Leasehold 1 to 4-Bedroom Apartments & Penthouses 657 sq ft - 8,708 sq ft Total Units : 1,042 Developed by : M+S Pte Ltd
Artra
Artist's Impression
ALEXANDRA VIEW, D03 FOR SALE GUIDE PRICE : 3-BR FROM SGD 1,825,550 Artra at Alexandra is a new mixed development by FEC Skyline at Alexandra View. Comprising commercial units on the 1st floor together with a supermarket and residential units, residents are well pampered with the ultimate conveniences. Shop, live and buy groceries with everything under one roof. • • • • • •
Tenure : 99-year Leasehold 2-Bedroom + Study, 3-Bedroom, 3-Bedroom + Study, 5-Bedroom Size : 786 sq ft - 2,583 sq ft Total units : 400 TOP : 2020 Developed by : FEC Skyline Pte Ltd
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
Queens Peak
Artist's Impression
DUNDEE ROAD, D03 For Sale GUIDE PRICE : 3-BR FROM SGD 1,627,000 Perfectly positioned in a highly sought after area due to its proximity to the city and CBD, Queens Peak is one of the long awaited residential developments amongst homebuyers and property investors. The development is blessed with excellent connectivity, has plenty of educational institutions in the area and enjoys the distinct character and tranquility of Queenstown. For the health conscious and nature lovers, there is also a lot to look forward to. Hortpark, Singapore Botanic Gardens, Delta Sports Complex, Queenstown Stadium are located within a distance of less than 2 km. • • • • • •
Tenure : 99-year Leasehold 1 to 5-Bedroom Apartments & Penthouses 431 sq ft - 4,768 sq ft Total units : 736 Developed by : HY Realty (Dundee) Pte Ltd Directly connected to Queenstown MRT station
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 35
RESIDENTIAL . LOCAL
Artist's Impression
Twin VEW WEST COAST VALE, D05 FOR SALE GUIDE PRICE : 4-BR + STUDY FROM SGD 1,864,000
Two modern, 36-storey towers in clean lines and generous use of glass fenestration rise to form timeless and chic architecture by the river edge, amidst lush greenery. Within the landscape spaces are calming cascading contours inspired by rice paddy fields, offering residents endless indulgence of wellness and relaxation. The rejuvenating swimming pool, gymnasium, dining pavilions and the dining villas are well positioned towards the splendid Pandan River, capturing precious moments of residents and their time shared with loved ones.
Artist's Impression
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Tenure : 99-year Leasehold 1 to 4-Bedroom Apartments & Penthouses Size : 484 sq ft - 2,088 sq ft Total units : 520 Developed by : CSC Land Group (Singapore) Pte Ltd
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
SINGAPORE VIEW • 36
Reignwood Hamilton Scotts
Artist's Impression
37 SCOTTS ROAD, D09 FOR SALE GUIDE PRICE : PRICE ON APPLICATION Awarded the best residential high rise development by the International Property Awards, Reignwood Hamilton Scotts is an iconic apartment with en-suite elevated sky garages that welcome your arrival with your very own car porch in the sky and a spectacular view of the lush greens at the conserved Goodwood Hills. The distinctive residence invites you to lounge in the subtleties of sublime luxury, with the glitz and glamour of Orchard Road along with the pulse of the city right at your doorstep. • • • • •
Tenure : Freehold 3-Bedroom Apartments & Penthouses Size : 2,756 sq ft – 6,975 sq ft Total Units : 56 Developed by : Sardinia Properties Pte Ltd
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
M5
Artist's Impression
JALAN MUTIARA, D10 FOR SALE GUIDE PRICE : PRICE ON APPLICATION Cradled in the heart of the city, M5 is surrounded by commercial hubs and hipster hotspots. Encircled by a dense transport network, M5 is a few minutes’ drive to Orchard Road, Singapore’s premier shopping belt. Also a stone’s throw away from many prestigious educational institutions and suburban malls, M5 is the perfect location to live, work and play. • • • • •
Tenure : Freehold 1 to 2-Bedroom Units & Penthouses Size : 441 sq ft - 1,474 sq ft Total units : 33 Developed by : TTH Development Pte Ltd (an Amara Group company)
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 37
RESIDENTIAL . LOCAL
Artist's Impression
Fourth Avenue Residences 2,4,6,8,10,12,14,16,18 FOURTH AVENUE, D10 FOR SALE GUIDE PRICE : 1-BR FROM SGD 1,050,000
Fourth Avenue Residences is a collection of 476 exclusive homes nestled amidst lush greenery and Good Class Bungalow Areas in Prime District 10. It is served by Sixth Avenue MRT Station at its doorstep and surrounded by prestigious schools. Residents will enjoy convenient access to a direct covered linkway to the MRT Station which is just 2 stops to Botanic Gardens, 4 stops to Newton Interchange, and directly connected to Marina Bay and the Downtown Core.
Artist's Impression
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Tenure : 99-year Leasehold 1 to 4-Bedroom + Study Size : 474 sq ft - 1,496 sq ft Total units : 476 Developed by : Valleypoint Investments Pte. Ltd. (A wholly owned subsidiary of Allgreen Properties Limited)
Calvin Chua (CEA Reg No: R006245Z) 9736 9890 • calvin.chua@sg.knightfrank.com
SINGAPORE VIEW • 38
Artist's Impression
10 Evelyn 10 EVELYN, D11 FOR SALE GUIDE PRICE : PRICE ON APPLICATION
A five-storey boutique residence, 10 Evelyn is designed by acclaimed architect Mok Wei Wei and developed by the award-winning hospitality and lifestyle group, Amara Holdings Limited. The development is located on Evelyn Road — a stone’s throw away from the bustle of Orchard Road, Novena and Bukit Timah, and within reach of several top primary and secondary schools and some of Singapore’s best healthcare services. 10 Evelyn is designed to offer residents the intimacy and lush tranquillity of a village, with seamless connectivity and exquisite modern touches of luxury living.
Artist's Impression
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Tenure : Freehold 1 to 2-Bedroom Apartments & 3-Br Penthouses 495 sq ft - 1,432 sq ft Total Units : 56 Developed by : Creative Investments Pte Ltd (Amara Holdings)
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 39
RESIDENTIAL . LOCAL
Park Place Residences at PLQ PAYA LEBAR, D14 FOR SALE GUIDE PRICE : FROM SGD 1,6XX PSF Paya Lebar Quarter, Singapore’s most progressive city precinct located at the heart of the URA’s urban regeneration masterplan for Paya Lebar. Three world-class office towers offering exclusive 429-unit premier residences, next generation workspaces and more than 200 retailers with indoor and alfresco dining experiences sit amidst lush green, connected spaces. Directly linked to Paya Lebar MRT station, the interchange of the East-West Line and Circle Line, it will be the closest commercial hub to the CBD, with superb transport connections across Singapore.
Artist's Impression
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Tenure : 99-year Leasehold 1 to 3-Bedroom Premium Size : 474 sq ft - 1,367 sq ft Total units : 429 TOP Date : 31 December 2020 Developed by : Lendlease
Calvin Chua (CEA Reg No: R006245Z) 9736 9890 • calvin.chua@sg.knightfrank.com
Affinity at Serangoon SERANGOON NORTH AVENUE 1, D19 FOR SALE GUIDE PRICE : 1-BR FROM SGD 704,000 Affinity at Serangoon is conveniently located just one street away from the Serangoon North station, one of the 12 new MRT stations on the Cross Island line. The 14-storey high, 1,052-unit development offers magnificent unblocked views of Serangoon’s landed housing enclave, and offers 88 unique facilities and 5 retail shops within its compound. There is a variety of housing options, ranging from 1 to 4 bedroom type condominium units and 40 exclusive strata landed houses. • • • • Artist's Impression
SINGAPORE VIEW • 40
Tenure : 99-year Leasehold 1 to 4-Bedroom Apartments, Penthouses & Strata Landed Houses Size : 474 sq ft - 2,357 sq ft Total units : 1,052 & 5 Retail Shops
Calvin Chua (CEA Reg No: R006245Z) 9736 9890 • calvin.chua@sg.knightfrank.com
Sky Habitat
Artist's Impression
BISHAN STREET 15, D20 FOR SALE GUIDE PRICE : FROM SGD 3,880,000 Rising to the skies from Singapore’s liveliest urban centre, Sky Habitat is a high-rise apartment but in many ways, also a home. Each unit boasts a private garden or outdoor space that opens up to the sky. When regarded collectively, the units are reminiscent of idyllic houses terraced along Mediterranean hillsides, complete with alleys and walkways linking the community of homes on several levels. • • • • •
Tenure : 99-year Leasehold 1 to 4-Bedroom Apartments & Penthouses 958 sq ft - 3,670 sq ft Total Units : 509 Developed by : CapitaLand Singapore Ltd
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
Daintree Residence
Artist's Impression
TOH TUCK ROAD, D21 FOR SALE GUIDE PRICE : 2-BR FROM SGD 1,102,000 Sleek and sculptural, the articulated façade of Daintree Residence is reminiscent of the terrain of a quarry, creating a stunning composition that is technically cutting-edge yet naturally elegant. Five storeys in height with just 327 exclusive apartments, linked by a 330-metre-long TreeTop Walk that is teeming with lifestyle facilities to pamper your every need. • • • • •
Tenure : 99-year Leasehold 1 to 4-Bedroom Apartments Size : 538 sq ft - 1,539 sq ft Total units : 327 Developed by : Setia (Bukit Timah) Pte Ltd
Teddy Ng (CEA Reg No: R006630G) 9030 4603 • teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 41
Residential International Developments
Caledonian Road
LONDON N7 FOR SALE GUIDE PRICE : GBP 625,000 ONWARDS
A HOT NEW ADDRESS FOR THE NEIGHBOURHOOD London Square Caledonian Road is designed for stylish city living, offering a range of stylish, high specification 1 and 2 bedroom apartments of quality. Excellent connections are a key feature, with the Caledonian Road tube station only 4 minutes’ walk away and Leicester Square a further 10 minutes away. This is an historic area of central London with amazing potential, between the spectacular regeneration zone just north of King’s Cross, and the long-established sought after neighbourhood of Islington. London Square Caledonian Road is in exactly the right place to feel the benefits of both.
SINGAPORE VIEW • 42
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Tenure : 999-year Leasehold 1 to 2-Bedrooms Apartments Built Up Area : 649 sq ft onwards Total Units : 52 Estimated Completion Date : Q3 /Q4 2019 Developer : London Square
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
Chelsea Creek
LONDON SW6 FOR SALE GUIDE PRICE : GBP 890,000 ONWARDS
WHERE DESIGN MEETS WATERSIDE LIVING Chelsea Creek is a truly exceptional new quarter of stunning homes set around meandering waterways which flow through the heart of the development. Live in serene luxury, dine waterside at nearby Imperial Wharf and embrace a world of cutting-edge fashion, art and culture, just moments away on the King’s Road and Knightsbridge. Discover a unique lifestyle at Fairwater House.
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Tenure : 999-year Leasehold 1 to 3-Bedroom Apartments Built-up Area : 611 sq ft onwards Total Units : 117 Estimated Completion Date : Q4 2019 Developer : St George
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 43
RESIDENTIAL . INTERNATIONAL
Hampstead Manor
KIDDERPORE AVENUE, LONDON NW3 FOR SALE GUIDE PRICE : GBP 740,000 ONWARDS
CONTEMPORARY HOMES WITH TIMELESS, CLASSICAL APPEAL Located on a leafy road only moments from the centre of Hampstead Village, the outstanding new development Hampstead Manor embraces all of the qualities that have long made NW3 one of the most desirable British postcodes. The 156 distinguished residences at Hampstead Manor range from studio apartments to four bedroom homes. From crisp contemporary apartments to the immaculate conversion of landmark Grade II listed buildings, the skill demonstrated across the whole development makes Hampstead Manor a unique example of British artistry and imagination. The Hampstead Manor spa and gym is situated in Willoughby. Facilities include swimming pool, sauna, experience shower, spa and gym with a range of contemporary equipment. The development is ideally located, a leafy 15-minute stroll from Hampstead underground station, which provides Northern line services to the centre.
SINGAPORE VIEW • 44
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Tenure : 999-year Leasehold 1, 2 & 3-Bedroom Apartments Built-up Area : 526 sq ft onwards Total Units : 156 Estimated Completion Date : Q4 2018 Developer : Mount Anvil
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
Three Waters
GILLENDER STREET, LONDON E3 FOR SALE GUIDE PRICE : GBP 475,592 ONWARDS
MINUTES FROM THE CITY, METRES FROM THE WATER The Three Waters of Bow Creek, the River Lea and the Limehouse Cut meet in London’s fastest-growing area. Our studio, one, two and three-bedroom homes put you minutes from the City and metres from the water. Three Waters is zone 2 living with zone 1 journey times. The Tube and DLR are in walking distance, taking you to the latest restaurant or bar, to the can’t-miss-it lecture, to the must-see screening, or to catch that plane. Get to the City and Canary Wharf in as little as 12 minutes. At Three Waters, you can enjoy your city as much as your neighbourhood. The homes at Three Waters give you cityscapes with headspace – a raised garden, roof terrace and generous private balconies offer views of The City, and with water surrounding the properties, you’ll enjoy triple the tranquillity.
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Tenure : 999-year Leasehold 1 to 3-Bedroom Apartments Built-up Area : 439 sq ft onwards Total Units : 307 Estimated Completion Date : Q1 2022 Developer : Mount Avril
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 45
RESIDENTIAL . INTERNATIONAL
Koko Broadbeach
GOLD COAST, QUEENSLAND, AUSTRALIA FOR SALE GUIDE PRICE : AUD 629,900 ONWARDS
COASTAL HEART & URBAN SOUL
Perfectly located just metres away from soothing sands and sparkling waters, Koko epitomises the unique energy and vibrant lifestyle of Gold Coast’s premier urban village. Only 250m to the Kurrawa beach, KoKo is a boutique collection of 99 beachside apartments over 31 storeys. Inspired by the modern luxe of international boutique hotels, Koko takes relaxation to a new level of sophistication. Choose between the sun-drenched pool, lounge areas or yoga lawn and modern gym facilities. Private outdoor entertaining areas above street level offer sky gardens where you can relax and unwind. Living minutes from Broadbeach’s world class parks, walking and cycle paths and stunning beaches means nature’s playground is at your fingertips. Create your own work life balance at Koko.
SINGAPORE VIEW • 46
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Tenure : Freehold 2 to 3-Bedroom Apartments Built-up Area : 94 sq m onwards Total Units : 99 Estimated Completion Date : Early 2020 Developer : Morris Property Group
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
Sandbar Burleigh
GOLDCAOST, QUEENSLAND, AUSTRALIA FOR SALE GUIDE PRICE : AUD 525,000 ONWARDS
LIVE ELEGANTLY. LIVE LUXURIOUSLY. LIVE LEISURELY. LIVE BURLEIGH. Introducing Sandbar - a collection of luxurious two and three bedroom apartments overlooking beautiful Burleigh Beach. With an extensive vista spanning from Coolangatta to Surfers Paradise, Sandbar encompasses breathtaking views of the coast and hinterland. A selection of 163 apartments across 26 levels, Sandbar is an elegant representation of contemporary style and function. Spacious living areas with floor to ceiling glass invite natural light and subtle ocean breezes, while it’s neutral, beachinspired colour palette promotes a calming sense of home. Featuring an entire level dedicated to recreation, Sandbar offers unrivalled amenities for residents and their guests. A fully equipped gym, yoga deck, residents lounge, covered BBQ area and pool show how life here, is how it's meant to be.
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Tenure : Freehold 2 to 3-Bedrooms Apartments Built Up Area : 90 sq m onwards Total Units: 163 Estimated Completion Date : Late 2020 Developer : Morris Property Group
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 47
RESIDENTIAL . INTERNATIONAL
Sabina Applecross PERTH, AUSTRALIA FOR SALE GUIDE PRICE : AUD 420,000 ONWARDS
APPLECROSS AFFLUENCE Colourful, cultured and sophisticated, Applecross is one of Perth’s most desirable waterside locations. Sabina Applecross features 173 stylish residences and resort-style amenities with 1-3 bedrooms for sale. Your moment to own this enviable address has arrived - find out what it takes. • • • • • •
Tenure : Freehold 1 to 3-Bedroom Apartments Built Up Area: 570 sq ft onwards Total Units : 173 Estimated Completion Date : Early - Mid 2020 Developer : Finbar Group Limited
SINGAPORE VIEW • 48
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
One Barangaroo
SYDNEY, AUSTRALIA FOR SALE GUIDE PRICE : PRICE ON APPLICATION
WE ALL HARBOUR A LITTLE ENVY Soaring above the Sydney skyline, One Barangaroo takes London architecture, furnishes it with Manhattan interiors, garnishes tastefully with Balinese landscape design and infuses with a global dining precinct par excellence.
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Tenure : 99-year Leasehold 2 to 5-Bedrooms Apartments Built Up Area : 153 sq m onwards Total Units : 82 Estimated Completion Date: 2020 / 2021 Developer : Crown Resorts
Blessed with natural beauty and a gorgeous climate, Sydney has matured wonderfully since the ‘best Olympics ever’ and now boasts a dining, arts and entertainment scene to rival any capital city. The parks, beaches and waterways define Sydney’s outdoor lifestyle, while the proximity to Asia keeps the city connected to the growth engines of the world. In an uncertain world, this city beside the harbour has become the city everyone wants to live in. Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 49
RESIDENTIAL . INTERNATIONAL
200 East 21st Street
GRAMERCY PARK, NEW YORK, USA FOR SALE GUIDE PRICE : USD 1,445,000 ONWARDS
MODERN LIVES & THOUGHTFUL LIVING 200 East 21st Street is the latest addition to Alfa Development’s Green Collection of sustainable properties. Designed by the renowned architects at BKSK, 200 East 21st Street is a striking portrayal of modern architecture and design. The thoughtful integration of green spaces and planted terraces was designed exclusively by Halsted Welles Associates. 200 East 21st Street is an enclave of 67 residences, ranging from one- to four-bedrooms.
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Tenure : Freehold 1 to 4-Bedrooms Apartments Built Up Area : 713 sq ft onwards Total Units : 67 Estimated Completion Date : Q4 2018 Developer : Alfa Development
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
SINGAPORE VIEW • 50
125 Greenwich Street
FINANCIAL DISTRICT, MANHATTAN, NEW YORK, USA FOR SALE GUIDE PRICE : USD 1,275,000 ONWARDS
LIVE AT THE TOP 125 Greenwich Street is a new residential skyscraper designed by world-renowed architect, Rafael Viñoly. This condominium offering includes 273 residences ranging from studios to three-bedroom and penthouse residences, featuring oneof-a-kind interiors by March & White. The crowning triplex of amenities is located on the top three floors, 820 feet into the sky spans dining, entertainment, fitness, pool and spa, each with sweeping views of the New Downtown below.
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Tenure : Freehold Studio to 3-Bedroom Apartments Built Up Area : 418 sq ft onwards Total Units : 273 Estimated Completion Date : Q2 2019 Developer : Bizzi & Partners
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 51
RESIDENTIAL . INTERNATIONAL
242 Broome
LOWER EAST SIDE, MANHATTAN, NEW YORK, USA FOR SALE GUIDE PRICE : USD 1,600,000 ONWARDS
A LEGACY OF NEW BEGINNINGS 242 Broome embodies the latest chapter in the ever-evolving Lower East Side. It provides energy and relevancy for the next generation to continue the centuries-old tradition of building a future in this genuine, enduring neighbourhood. Masterfully conceived and meticulously finished, the residences of 242 Broome balance serenity with modernism. Designed with a twist, the upper floors torque westward to catch the path of the sun for maximum light and dramatic views.
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Tenure : Freehold 1 to 3-Bedrooms Apartments Built Up Area : 892 sq ft onwards Total Units : 55 Estimated Completion Date : Q2/Q3 2018 Developer : Delancey Street Associates
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
SINGAPORE VIEW • 52
Charlie West
HELL’S KITCHEN, MANHATTAN, NEW YORK, USA FOR SALE GUIDE PRICE : USD 965,000 ONWARDS
LIVE AT THE TOP Charlie West is a contemporary addition to Manhattan’s historic Hell’s Kitchen neighbourhood. Located at 505 West 43rd Street, Charlie West spans the block through to 44th Street and is composed of two 16-storey buildings. Designed by ODA Architects, many of the 123 condominium residences have substantial terraces and balconies commanding skyline views.
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Tenure : Freehold Studio to 3-Bedrooms Apartments Built Up Area : 505 sq ft onwards Total Units : 123 Estimated Completion Date : Q2 2019 Developer : El Ad US Holding and Mi & Co
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 53
RESIDENTIAL . INTERNATIONAL
No. 75 Kenmare
LOWER MANHATTAN, NEW YORK, USA FOR SALE GUIDE PRICE : USD 1,695,000 ONWARDS
SOPHISTICATED, WORLDLY, LIVING ON THE EDGE An urban enclave at the peak of its creative evolution welcomes its newest visionary. The heart of NoLita beats with an unprecedented residence. The collection of 1 to 4 bedroom residences at 75 Kenmare, born out of the collective vision of Lenny Kravitz’s design firm and architect Andre Kikoski introduces the new look of luxury in the heart of NoLIta - a uniquely enigmatic and artistically charged neighborhood in downtown Manhattan, perched at the intersection of four distinct cultural epicenters – SoHo, NoHo, the Lower East Side and Little Italy.
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Tenure : Freehold 1 to 4-Bedrooms Apartments Built Up Area : 689 sq ft onwards Total Units : 38 Estimated Completion Date : Q1 2019 Developer : DHA Capital
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
SINGAPORE VIEW • 54
No. 1 Charlottenburg
CHARLOTTENBURG, BERLIN, GERMANY FOR SALE GUIDE PRICE : EUR 229,000 ONWARDS
FOR THOSE WHO APPRECIATE THE FINER THINGS IN LIFE No.1 Charlottenburg is a world-class, waterfront residential development in the heart of the vibrant city of Berlin. Positioned on the banks of the River Spree, No.1 Charlottenburg is located in one of the most sought after districts in Berlin, within walking distance to the famous Tiergarten Park, iconic shopping avenue Ku'damm and Berlin's most famous concert and opera houses. The riverfront location provides easy access to the centre of Berlin and is excellently served by the city's main railway stations. The architecture is characterised by an innovative design and simple elegance to provide residents with a refined and tranquil waterside home. The new riverfront scheme will consist of 2 prestigiously designed statement tower buildings and 13 elegant townhouses grouped around a beautifully landscaped green garden which flows to the riverbank.
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Tenure : Freehold 1 to 3-Bedrooms Apartments Built Up Area : 39.3 sq m onwards Total Units : 272 Estimated Completion Date : Q2 2019 Developer : Cannon & Cannon
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 55
RESIDENTIAL . INTERNATIONAL
Pure FOR THOSE WHO APPRECIATE THE FINER THINGS IN LIFE In the vibrant district of Friedrichshain, a whole new world of entertainment, shopping, work-life and lifestyle businesses, hip Berlin start-ups and labels with an international reputation is opening. At the same time, visitors from all over the world are flocking to the East Side Gallery and the surrounding neighbourhoods where the food and nightlife entice with a pure Berlin flair. Amid the inspiring bustle of the metropolis, around a lovingly landscaped garden courtyard, a pleasant refuge that lends its inhabitants peace and energy for the vibrant life outside its front entrance is emerging. The enduring, timeless elegance of the architecture and the stylish serenity of the materials and surfaces sourced with self-assured taste create this pure reflection of a distinctive residential lifestyle. Each apartment is an expression of a distinctive housing culture. Intelligent floor plans provide an optimal sense of space, carefully chosen materials and selected fittings ensure a stylistically confident appearance.
SINGAPORE VIEW • 56
FRIEDRICHSHAIN, BERLIN, GERMANY FOR SALE GUIDE PRICE : EUR 189,000 ONWARDS
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Tenure : Freehold 1 to 4-Bedrooms Apartments Built Up Area : 42.7 sq m onwards Total Units : 185 Estimated Completion Date : Q4 2021 Developer : PREMIUM Immobilien Deutschland GmbH
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
The Royal Atlantis Residences THE NEW ICONIC RESIDENCES IN DUBAI Located on The Palm, and adjacent to the iconic Atlantis The Palm Resort, The Royal Atlantis Residences include a selection of two, three, four and five-bedroom homes, Sky courts, Penthouses and Garden Suites. The Royal Atlantis Residences, destined to become a world-renowned address, will be home to only the privileged few. Breathtaking architectural design features contemporary living spaces cantilevered into the Arabian sky. Soaring high above the waters of the Arabian Gulf, The Royal Atlantis Residences will stir the senses and marvel the mind. With uninterrupted views towards the ocean or across the waters of The Palm towards the Dubai skyline, these residences will be an unparalleled home for families and an exceptional place where friends and guests will love to stay. Adorned with a wealth of beautiful bespoke interior design, each home is a haven of space and joy.
THE PALM, DUBAI, UNITED ARAB EMIRATES FOR SALE GUIDE PRICE : AED 6,995,000 ONWARDS
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Tenure : Freehold 2 to 5-Bedrooms Apartments, Penthouses & Garden Suites Built Up Area : 1,438 sq ft onwards Total Units : 231 Estimated Completion Date : Q3 2019 Architecture: Kohn Pedersen Fox (KPF)
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 57
RESIDENTIAL . INTERNATIONAL
Coral
Private Island in Maldives
NOONU ATOLL, MALDIVES FOR SALE GUIDE PRICE : EUR 5,600,000 ONWARDS Attractive discount can be considered for the purchase of both Coral Island and Crystal Island
Located a few minutes away from 5-star Maldivian hotels Vella and Cheval Blanc, Coral Island is an 18 hectare private island where you can create the paradise home of your dreams. Build private luxury villas of your fancy, guest and staff houses, a football or a golf course, an on-site restaurant and spa, a fruit garden, or even a harbour that is exclusively your own.
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Long term leased island Untouched private island Surrounded by crystal clear turquoise waters Land Area : 18 hectares Enjoy free play build on the island – build recreational amenities and properties on the island to your fancy
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
SINGAPORE VIEW • 58
Crystal
Private Island in Maldives
ATOLL GAAF DHAAL, MADAVELI, MALDIVES FOR SALE GUIDE PRICE : EUR 9,650,000 ONWARDS Attractive discount can be considered for the purchase of both Coral Island and Crystal Island
Nearly the size of 60 football fields, Crystal is a virgin, 42-hectare island located 5 minutes away from 5-star hotels St. Regis and Jumeirah Dhevanafushi. Be surrounded by a crystal clear lagoon stretching 1.7 kilometres long, white sandy beaches and breezy coconut palms. Enjoy the liberty of building private residences of any size, guest villas or even houses for staff.
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Long term leased island Virgin private island Crystal clear lagoon stretching 1.7 kilometres Land Area : 42 hectares Enjoy free play build on the island – build recreational amenities and properties on the island to your fancy
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 59
RESIDENTIAL . INTERNATIONAL
Yu Kiroro HOKKAIDO, JAPAN FOR SALE GUIDE PRICE : JPY 74,000,000 ONWARDS
BE A STEP AWAY FROM THE WORLD’S FINEST POWDER SNOW Yu Kiroro is a truly game changing ski resort development, representing complete immersion in the Kiroro luxury lifestyle – an opportunity to awake to epic powder snow right on your doorstep, or enjoy your own sanctuary retreat whenever you need it. Yu Kiroro offers owners all the beauty, simplicity and personal attention of Kiroro Resort, balanced with the private seclusion of a home in one of the world’s most remarkable ski destinations.
SINGAPORE VIEW • 60
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Tenure : Freehold 1 to 3-Bedrooms Apartments & 2 Penthouses Built Up Area : 667 sq ft onwards Total Units : 108 Estimated Completion Date : December 2019 Developer : Kiroro Resort Holdings Co., Ltd
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
The Maples NISEKO, JAPAN FOR SALE GUIDE PRICE : PRICE ON APPLICATION
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Tenure : Freehold Built-up Area : Studio : 34.02 sq m onwards 2-Bedroom : 68.5 sq m onwards 3-Bedroom : 102.34 sq m onwards Total Units : 69 Estimated Completion Date : December 2018 Developer : Keimin Investments Pte Ltd (an associate company of Cathay Organisation Pte Ltd) Ski in and ski out (Ace Family Run) Fully furnished
TAKE A LEAP OF FAITH The Maples situated at the beautiful Hirafu, where it is home to some of the world’s best powder. With a breathtaking view of Mount Yotei, this freehold development will be ideal for families, young professionals and investors looking for a second home within Asia.
Louisa Yap (CEA Reg No: R031229D) 8522 7520 • louisa.yap@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 61
RESIDENTIAL . INTERNATIONAL
Oxley Convention City BATAM, INDONESIA FOR SALE GUIDE PRICE : STUDIO FROM IDR 702,888,000 ONWARDS
MAKE YOUR MARK IN THE CITY Oxley Convention City is an integrated development with a thriving ecosystem including an exclusive hotel, an exciting retail and F&B avenue, a vibrant collection of shop units and three 32-storey towers of luxurious residences. Strategically located right at the heart of Batam’s thriving financial district, at the junction of Jalan Sei Panas and Jalan Raja H. Fisabilillah, Oxley Convention City is just a stone’s throw away from major banks, such as BNI Bank and OCBC NISP, and mere minutes away from popular destinations, such as the Nagoya shopping and food district.
SINGAPORE VIEW • 62
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Tenure : 35-years HGB (up to 2051) Studio, 1 to 3-Bedrooms Apartments & Penthouses Area : 272 sq ft – 1,419 sq ft Total Units : 1,635 Developer : Oxley Karya Indo Batam
Calvin Chua (CEA Reg No: R006245Z) 9736 9890 • calvin.chua@sg.knightfrank.com
Residential Prime Sales
29A Cornwall Gardens CORNWALL GARDENS, D10 FOR SALE GUIDE PRICE : FROM SGD 33,000,000 ONWARDS
A CHARMING SPANISH STYLE GOOD CLASS BUNGALOW FOR THE DISCERNING FEW
This luxurious GCB is located in District 10 in Singapore. With a land area of 20,156 sq ft, this GCB consists of 6 bedrooms and 6 bathrooms, a good-sized pool and a spacious car porch that is able to accommodate up to 6 cars.
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It is also surrounded by lush greenery that brings about a calm and relaxing condition to live in. The luxurious property is just minutes away to Holland Village, Orchard Road and prestigious schools.
Tenure : Freehold Good Class Bungalow Land Area : 20,156 sq ft
Linda Chern (CEA Reg No: R030706A) 8228 8836 • linda.chern@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 63
Retail
CANBERRA PLAZA 133 CANBERRA VIEW, D27 FOR LEASE Canberra Plaza is slated to commence operations in the 4th Quarter of 2019 and will be the third in a series of New Generation Neighbourhood Centres being developed by the Housing & Development Board. The first being Oasis Terraces, which commenced operations in June 2018 and has been receiving positive reviews from both shoppers and retailers.
Sara Ching (CEA Reg No: R041084I) 9003 8066 • 6228 6846 sara.ching@sg.knightfrank.com
Located in the youngest part of Sembawang, Canberra Plaza aims to capture the charm long associated with the new town while serving the needs of residents. The tenant mix will be curated to include homegrown brands that Singaporeans are familiar with, alongside an infusion of modernity. The list of proposed tenants will include an experiential lifestyle supermarket, an established and popular household Chinese restaurant and a selection of food options that are Singaporean favourites.
Knight Frank is the Retail Consultant and Sole Marketing Agent for Canberra Plaza.
The mall is directly connected to the new Canberra MRT Station and surrounding residential blocks. A community plaza and various open spaces will further serve to encourage interaction amongst the residents.
SINGAPORE VIEW • 64
Chateau d’Ax PALAIS RENAISSANCE, 390 ORCHARD ROAD / D09 SUCCESSFULLY LEASED
Chateau d’Ax opened their Italian prestige furniture brand in Singapore with an exclusive showroom at Palais Renaissance, Orchard Road. Chateau d’Ax is the leading manufacturer of upholstery furniture in Italy since 1948, with more than 450 stores in 84 countries. Winner of Prestige Design Awards, it has 70 years of experience in upholstery design & production with high-quality craftmanship. They are open at 390 Orchard Road, Palais Renaissance #01-01, open daily from 11.00am to 8pm.
Fauzul Darke (CEA Reg No: R012602D) 8254 3954 • 6228 7336 fauzul.darke@sg.knightfrank.com
V-Zug SCOTTS SQUARE, #03-11/12 & 03-136 SCOTTS ROAD / D09 SUCCESSFULLY LEASED
ZUGORAMA Scotts Square is Swiss luxury home appliance brand V-ZUG’s flagship store in Southeast Asia. The 4,500 sq ft space showcases V-ZUG’s solutions for your home. Highlights include the Refresh-Butler — V-ZUG’s revolutionary clothing care appliance that uses gentle heat, steam and photocatalysis to neutralise odours, smooth creases, eliminate germs and bacteria, and dry fabrics that require special care; and the Combi-Steam MSLQ — the world’s first domestic appliance that combines microwave, oven and steam functions at the same time. Part of ZUGORAMA comprises V Dining, a 35-seater restaurant is fitted with V-ZUG appliances. Diners can witness them in action at the show kitchen where chefs will demonstrate the professionalism of V-ZUG appliances for everyday use.
Fauzul Darke (CEA Reg No: R012602D) 8254 3954 • 6228 7336 fauzul.darke@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 65
RETAIL
OFun APERIA MALL #01-08, KALLANG AVENUE, D12 SUCCESSFULLY LEASED
Ofun is a game arcade which offers a wide range of arcade games suitable for families and working adults. They feature the latest game machines in Singapore and are priced attractively at less than $1.00 per play. There are also many attractive prizes to be won everyday! Additionally, Ofun provides services like purchase, sale and rental of claw machines, arcade game machines and the sale of stuffed toys. Have a ball at Ofun daily from 11am to 10pm.
Fauzul Darke (CEA Reg No: R012602D) 8254 3954 • 6228 7336 fauzul.darke@sg.knightfrank.com
Jump Eat Cry OASIS TERRACES #02-27, 681 PUNGGOL DRIVE / D19 SUCCESSFULLY LEASED
Jump Eat Cry is a Singapore-based e-commerce store that strives to bring beautiful maternity and nursing wear to the new age modern mother. Founded in 2014, the store has become the favourite go-to site for local mums looking for fashionable maternity wear. With its in-house MOTHERCOT brand, every piece of apparel is designed to last throughout pregnancy and even during the breastfeeding years, with its uniquely designed discreet nursing access. They have just opened their first offline store at Oasis Terraces, HDB’s first new neighbourhood centre.
Liew Ying Ying (CEA Reg No: R057534A) 9665 6832 • 6228 7342 yingying.liew@sg.knightfrank.com
SINGAPORE VIEW • 66
About the Group
LOCALLY EXPERT, GLOBALLY CONNECTED Headquartered in London, Knight Frank has 523 offices in 60 markets across the globe, powered by more than 18,000 people. Operating in locations where our clients need us to be, we provide a worldwide service that’s locally expert and globally connected.
THERE’S A HUMAN ELEMENT IN THE WORLD OF PROPERTY THAT IS TOO EASILY OVERLOOKED. Founded in 1940, Knight Frank Singapore is one of the country’s first real estate companies. Backed by a wealth of over 79 years of experience, we are privileged to have been entrusted with multi-million dollar projects across government and private sectors, in both local and international markets. We believe that inspired teams naturally provide excellent and dedicated client service. Therefore, we’ve created a workplace where our people’s professional and personal well-being is enhanced. The result is that our people are more motivated, ensuring your experience with us is the best that it can be. We build long-term relationships, which allow us to provide personalised, clear and considered advice on all areas of property in all key markets. We believe in creating and maximising value for our clients through integrated and innovative solutions, ensuring every client is matched to the property that suits their needs best – be it commercial or residential.
OUR SINGAPORE OFFICES Knight Frank Pte Ltd
Head Office: 10 Collyer Quay #08-01 Ocean Financial Centre Singapore 049315 Tel: 6222 1333 | Fax: 6224 5843 | Reg. No: 198205243Z | CEA Licence No: L3005536J
Knight Frank Property Asset Management Pte Ltd
160 Paya Lebar Road #05-05 Orion@Paya Lebar Singapore 409022 Tel: 6848 5678 | Fax: 6848 5600 | Reg. No: 200007671Z | CEA Licence No: L3009602I
KF Property Network Pte Ltd
491B River Valley Road #07-02 Valley Point Singapore 248373 Tel: 6372 7333 | Fax: 6372 7300 | Reg. No: 199906877R | CEA Licence No: L3008430D MARCH 2019 - JUNE 2019 • 67
KnightFrank.com.sg SINGAPORE VIEW • 68