J U L 2018 - OC T 2018
SINGAPORE VIEW A COLLECTION OF THE FINEST PROPERTIES & DEVELOPMENTS
JULY 2018 - OCTOBER 2018 • 1
CONTENTS 15
05 WELCOME
06 MARKET RESEARCH
12 ADVISORY SERVICES
14 AUCTION & SALES
27
20 INDUSTRIAL
26 INVESTMENT & CAPITAL MARKETS
37 OFFICE
SINGAPORE VIEW • 2
51
37
38 PROPERTY ASSET MANAGEMENT
61
40 RESIDENTIAL LOCAL PROJECTS
48 RESIDENTIAL INTERNATIONAL PROJECTS
67 RETAIL
JULY 2018 - OCTOBER 2018 • 3
SINGAPORE VIEW jul 2018 - oct 2018 COVER IMAGE AFFINTY AT SERANGOON READ MORE ON PAGE 40
SINGAPORE VIEW • 4
EDITOR Liew Lixia RESEARCH CONTENT Alice Tan MARKETING Phyllis Goh DESIGNER Regina Ang
WELCOME Despite the uncertain external environment, Singapore continues to be a desirable location for investors and multinational companies to locate in. The hosting of the historic Trump-Kim summit further highlighted Singapore’s attraction. While the Malaysian government announcement to drop plans for Kuala LumpurSingapore High Speed Rail raised concerns, it did not dampen the optimism in the Singapore real estate market. The stronger economic outlook further catalysed the recovery of the office market, with Grade A office rents rising across all precincts to register overall increases in occupancy. With significant office space leasing movements in Q1 2018 across industries amid tightening supply, prime office rents are expected to continue its upward trajectory to rise from 8.0% to 12.0% year-on-year (y-o-y), by end-2018. The growth outlook for the manufacturing sector continues to be upbeat, buoyed by optimism from the precision engineering cluster. With Singapore exports anticipated to grow further, demand for industrial spaces is set to increase, in parallel to expected increases in industrial production and warehousing
needs from both the construction, and offshore and marine sectors. Separately, the retail sector remains subdued despite modest improvements in retail sales growth. Retailers remained cautious, leading island-wide prime retail rents to fall by 0.8% y-o-y. However, there are signs that the retail market is bottoming. Prime retail rents in the City Fringe precinct bucked the trend, rebounding 3.5% y-o-y after 11 quarters of decline. Islandwide occupancy is likely to hold firm through 2018, supported by steady performances in established malls and anticipated stronger tourism numbers. On the private homes front, the Property Price Index of all residential market segments climbed 3.9% y-o-y in Q1 2018, the highest growth seen since Q2 2010. Lifted in part by Singapore’s robust GDP expansion in Q1 2018, total transaction volumes for the New Sale, Sub-sale and Resale sectors grew 2.4% y-o-y. Barring any government intervention and external shocks, prices and sales momentums are likely to forge ahead, on the back of rising land prices, growing optimism, and higher unit price expectations.
Danny Yeo Chairman & Group Managing Director Knight Frank Singapore
JULY 2018 - OCTOBER 2018 • 5
MARKET RESEARCH SYNOPSIS RE SIDENT I AL
OUTLOOK FOR PRIVATE HOME PRICES Source: URA, Knight Frank Research
SINGAPORE VIEW • 6
3.9%
5.4%
8.0% TO 11.0%
NON-LANDED CCR
5.5%
6.6%
8.0% TO 12.0%
NON-LANDED RCR
1.2%
2.8%
6.0% TO 8.0%
NON-LANDED OCR
5.6%
6.7%
9.0% TO 11.0%
LANDED HOMES
1.9%
3.3%
6.0% TO 8.0%
URA PRIVATE RESIDENTIAL PROPERTY PRICE INDICES Source: URA, Knight Frank Research
URA ALL RESIDENTIAL PPI (INCLUDE EC) NON-LANDED RCR NON-LANDED OCR
NON-LANDED CCR LANDED
190.0 180.0 170.0 160.0 150.0 140.0 130.0 120.0 110.0 100.0
Q1 2018
Q1 2017
Q1 2016
Q1 2015
90.0 Q1 2014
Unless the government intervenes again, the price and sales momentum is likely to continue unabated for the rest of the year in a virtuous cycle of rising land prices, growing optimism and higher unit price expectations.
BY END 2018
Q1 2013
With the total transaction volume in Q1 2018 hitting 5,328 units, 2.4% higher than the 5,202 units in Q1 2017, total transaction volume for 2018 is expected to hit above 25,000 units, barring any unforeseen circumstances. Displaced residents from the various collective sales sites closed in 2017 and early 2018 are likely to provide a further uplift in transactions this year, as it is envisaged that many owners will find replacement homes once the Order of Sale is received.
Q-O-Q % Y-O-Y%
Q1 2012
Rental yields saw a steep fall in the Mid-tier segment in the first quarter of 2018, with average gross rental yields for the Mid-tier segment slipping to 2.99% in Q1 2018, its lowest since Q3 2011. The decline was largely due to the accelerating resale home prices, which resulted in yields to be compressed. Yields of High-end and Mass-market segments both declined in Q1 2018 to 3.17% and 2.73% respectively.
PROJECTED
ISLAND-WIDE
Q1 2011
However, cost of borrowing continues to climb in early 2018, as the three-month Singapore Interbank offered rate (Sibor) rose to 1.507% in April 2018, the highest since September 2008. Home loan rates are expected to increase further with upward pressure from anticipated Fed rate hikes later this year, which would adversely impact home affordability coupled with prospect of rising home prices.
ACTUAL
(AS AT Q1 2018)
(Y-O-Y%)
Q1 2010
A key factor to the strong resale performance could be due to the release of pent-up demand from prospective homebuyers and also market expectations that private home prices will continue its rise in the next few quarters amid higher land bid prices and costs.
MARKET SEGMENT
Property Price Index (Q1 09 = 100)
The Property Price Index of all market segments climbed 3.9% year-on-year (y-o-y) in Q1 2018, the highest growth seen since Q2 2010. Fuelled in part by the robust Singapore economic performance of 4.3% GDP expansion on a y-o-y basis in Q1 2018, the total New Sale, Sub-sale and Resale residential transaction volume hit 5,328 units in the first quarter, a 2.4% y-o-y increase. The higher transaction numbers were largely attributed to the resale performance, which constituted 68.8% of the total transaction volume. This is in contrast to the resale market contributing only 41.7% to the total transaction volume a year ago.
RE TAIL
MAJOR UPCOMING RETAIL SUPPLY IN KEY PRECINCTS (ABOVE 50,000 SQ FT NLA)
“
Source: Knight Frank Research
Retailers step up to develop differentiated concepts and landlords adopt various strategies to distinguish themselves
1,400
1,200
Consumers are set to benefit from the dynamic shift in the retail market, as retailers step up to develop differentiated concepts and landlords adopt various strategies to distinguish themselves. With prime retail rents declining at a slower pace in Q1 2018, island-wide occupancy is expected to remain fairly healthy through 2018. Prime retail rents in the City Fringe precinct reported strong recovery after 11 quarters of negative to flat growth. Impacted by cautious retailer sentiments despite a modest improvement in retail sales growth, islandwide prime retail rents fell by 0.8% y-o-y to average $30.50 per square feet per month (psf pm) in Q1 2018. This is the 15th consecutive quarter of decline for island-wide prime retail rents. The city fringe precinct rebounded with a strong recovery (3.5% y-o-y) in prime rents for the first time after 11 quarters of decline. Average rents in the Central Region are envisaged to fall by up to 2.0% y-o-y by Q4 2018, while prime rents are likely to moderate downwards by up to 2.0% y-o-y. Island-wide occupancy performance is expected to hover between 91.0% and 93.0% by Q4 2018. Overall, most retailers are still seen to be taking a prudent approach towards their physical store expansion plans, amid uncertain consumer sentiment trends and persistently high business costs. Island-wide occupancy will likely be supported mainly by the steady occupancy performances in established malls. Malls in the Central Area could gain from stronger tourism performance and positive economic sentiments in 2018.
1,000
NETT LETTABLE RETAIL SPACE (’000 SQ FT)
FRINGE AREA DOWNTOWN CORE ORCHARD REST OF CENTRAL AREA SUBURBAN
800
600
400
200
0
2018
2019
2020
2021
AVERAGE GROSS RENTS OF PRIME RETAIL SPACE FOR Q1 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
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$28.70
Q-O-Q CHANGE
-0.4%
-2.1%
0.5%
3.5%
-0.3%
Y-O-Y CHANGE
-0.8%
-1.3%
-3.4%
3.5%
-0.3%
LOCATION
$ PER SQ FT PER MONTH
JULY 2018 - OCTOBER 2018 • 7
OFFICE
“
Prime grade office rents on the rise for four consecutive quarters The Singapore office market continues its recovery on the back of positive economic outlook and hiring sentiments across sectors, with many companies increasingly adopting flexible workplace arrangements and enterprise co-working arrangements. Office space leasing movements in Q1 2018 were broad-based across industries. The largest move in the CBD came from French energy giant Total S.A., leasing close to 125,000 sq ft of office space in Frasers Tower. Other notable movements include cosmetics firm Shiseido relocating from Haw Par Centre to take-up some 50,000 sq ft in Frasers Tower, and legal firm Rajah & Tann relocating to Marina One from MYP Centre to occupy some 80,000 sq ft. Prime grade office rents were on the rise for four consecutive quarters with a cumulative 4.5% increase since Q2 2017. Grade A+ office space rents in the Raffles Place / Marina Bay precinct increased by 2.7% quarter-on-quarter (q-o-q) in Q1 2018. With
SINGAPORE VIEW • 8
an average occupancy rate of 92.5% for Grade A+ office space and tapering supply of new prime office stock coming on-stream until 2020, landlords are adjusting rents upwards. While Grade A office space rents rose across all precincts, the Suntec / Marina Centre precinct saw the highest rent growth of 2.9% q-o-q as occupancy rose by 0.1% q-o-q to 95.9% in Q1 2018. Although Grade A office space occupancy in Raffles Place / Marina Bay decreased in Q1 2018 by 0.2% due to tenant movements, most precincts registered increases in occupancy, with City Hall Grade A office space at near full occupancy. Given the current tight supply and increasing demand, prime office rents are expected to continue its rise by 8.0% to 12.0% year-on-year by end-2018. New supply that will start coming onstream from 2019 onwards may help to keep the pace in rental increase in check.
AVERAGE OFFICE RENTALS, BY KEY PRECINCTS IN Q1 2018 Source: URA, Knight Frank Research • 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
q-o-q % change
q-o-q % change
LOCATION
Gross Effective Monthly Rents ($ psf pm)
Availability of Office Space for lease (vacancy %)
RAFFLES PLACE/ MARINA BAY GRADE A+
$9.50 - $10.00
2.7%
5.6%
-2.2%
RAFFLES PLACE/ MARINA BAY GRADE A
$8.40 - $8.90
2.6%
4.5%
No change
SHENTON WAY/ ROBINSON ROAD/ TANJONG PAGAR GRADE A
$8.00 - $8.50
2.1%
4.6%
1.7%
SUNTEC / MARINA CENTRE GRADE A
$8.00 - $8.50
2.9%
4.4%
-0.3%
CITY HALL GRADE A
$8.20 - $8.70
2.4%
0.7%
-1.1%
ORCHARD GRADE A
$8.00 - $8.50
1.2%
4.3%
-1.1%
BUGIS GRADE A
$7.50 - $8.00
2.0%
CITY FRINGE WEST ALEXANDRA / HARBOUFRONT
$6.00 - $6.50
1.8%
CITY FRINGE NORTH NOVENA / NEWTON
$6.30 - $6.80
1.5%
CITY FRINGE EAST PAYA LEBAR
$4.90 - $5.40
1.8%
SUBURBAN EAST
$4.20 - $4.70
0.7%
SUBURBAN WEST
$4.80 - $5.30
1.0%
UPCOMING OFFICE SUPPLY (GROSS FLOOR AREA), AS AT Q1 2018 Source: URA, Knight Frank Research
Q2 - Q4 2018 MARINA BAY/ RAFFLES PLACE GRADE A+/A
2019
1,833,700 sq ft
179,500 sq ft -
SHENTON WAY/ ROBINSON ROAD/ TANJONG PAGAR GRADE A
884,300 sq ft
101,100 sq ft
SUNTEC/MARINA/ CITY HALL & REST OF CENTRAL GRADE A
2,013,200 sq ft
-
1, 833, 700
939, 400
-
-
-
-
-
270,400 sq ft
270,400 sq ft 442,800 sq ft
ORCHARD
2, 013, 200
1,924,800 sq ft
939,400 sq ft
-
442,800 sq ft
-
CITY FRINGE (EAST)
TOTAL
2021
2020
968,800 sq ft
1,098,900 sq ft
130,100 sq ft -
-
1, 098, 900
-
-
CITY FRINGE (WEST) -
SUBURBAN
-
653,800 sq ft
-
62,700 sq ft
716,500 sq ft
-
TOTAL
2,032,600 sq ft
-
1,468,100 sq ft
1,132,200 sq ft 1, 468, 100
1, 132, 200
1,833,700 sq ft
6,466,600 sq ft 6, 466, 600
JULY 2018 - OCTOBER 2018 • 9
I NDU S T RIA L The manufacturing sector is expected to continue its growth in 2018, as manufacturing firms are upbeat about business prospects for the next six months, according to the Business Expectations Survey conducted by the Economic Development Board (EDB). The most optimistic outlook came from the precision engineering cluster, with a net weighted balance of 39% of firms anticipating improved business conditions between April and September of 2018, buoyed largely by the pickup in global demand for semiconductors. Based on Knight Frank’s basket of industrial properties, overall island-wide rents for conventional industrial space rose by 0.3% q-o-q to $1.98 psf pm in Q1 2018, mainly due to the increases in rentals in the Bukit Merah – Alexandra – Jalan Kilang – Pasir Panjang cluster, Clementi – Toh Tuck – Bukit Batok cluster, and the Woodlands – Sembawang – Admiralty – Yishun cluster. The Clementi – Toh Tuck – Bukit Batok cluster reported the strongest appreciation in rents, with a 4.9% q-o-q increase to $1.49 psf pm in Q1 2018, due to the limited availability and positive demand of low to mid-range industrial spaces
as observed on the ground. Business Park rents rose by 1.2% q-o-q to $4.19 psf pm, as leasing activity remains healthy amid the limited available business park spaces in the market. As the Singapore economy continues to expand at a healthy rate with improvements in business sentiments, especially in the construction and O&M sectors, demand for real estate spaces to meet the expected increase in industrial production and warehousing needs is set to grow.
“
Demand is set to grow to meet the expected increase in industrial production and warehousing needs
SINGAPORE VIEW • 10
Whilst new supply of industrial spaces coming on-stream in 2018 is lower at 15.4 million sq ft compared with 20.9 million sq ft in 2017, the occupancy rates of current industrial spaces are envisaged to recover, albeit on a two-tier level with high-specification industrial spaces seeing a faster rate of recovery to suit industrialists’ needs compared to conventional industrial spaces. We expect average industrial rentals to moderate between -3.0% to 1.0% y-o-y by end2018.
AVERAGE MONTHLY GROSS RENTALS FOR CONVENTIONAL INDUSTRIAL SPACE, BY KEY CLUSTERS Q4 2017
Source: Knight Frank Research * Range of rentals are estimated based on the average of minimum and maximum transacted rentals derived * Only rents of units on upper floors are included
Q1 2018
Q-O-Q % CHANGE
S$1.31 S$1.32 0.8% AVERAGE
S$1.82 S$1.82
0.3%
NO CHANGE
S$1.42 S$1.49 4.9%
S$1.97 S$1.98
CLEMENTI TOH TUCK BUKIT BATOK PIONEER TUAS
S$1.68 S$1.67
WOODLANDS SEMBAWANG ADMIRALTY YISHUN
-0.6%
SERANGOON ANG MO KIO LORONG CHUAN TOA PAYOH PEMIMPIN
BUKIT MERAH ALEXANDRA JALAN KILANG PASIR PANJANG
KAKI BUKIT UBI PAYA LEBAR EUNOS
MACPHERSON TAI SENG DEFU KALLANG GEYLANG BENDEMEER
BUSINESS PARKS (ISLAND-WIDE)
S$2.97 S$2.97
S$1.62 S$1.61
NO CHANGE
-0.6%
S$4.14 S$4.19 1.2%
S$2.78 S$2.79 0.4%
S$2.18 S$2.16 -0.9%
JULY 2018 - OCTOBER 2018 • 11
ADVISORY SERVICES
ADVISORY SERVICES CONS ULTANCY & R ES E AR CH Knight Frank's Consultancy & Research team provides strategic advice, development consultancy and market research services to a wide range of local and overseas clients across both private and public sectors. Leveraging the multi-disciplinary expertise of our analysts and first-hand insights from our industry veterans, we help clients seize opportunities and unlock the potential of their projects while identifying and minimising risks. Backed by a world-class global research team, we draw upon the knowledge from our network of more than 400 offices across 60 countries to deliver in-depth research against global market dynamics. Our strengths in offering comprehensive and independent advice in multiple areas has earned us an extensive track record in consultancy projects.
SINGAPORE VIEW • 12
OUR SERVICES: • Highest and best use studies • Development and planning consultancy • Master planning advisory • Pricing and rental strategy • Market due diligence • Feasibility studies for residential, retail, office, hotels, shophouses and industrial properties • Customised research studies FOR MORE INFORMATION, PLEASE CONTACT:
Tay Kah Poh Executive Director & Head, Consultancy T: 6228 6833 E: kahpoh.tay@sg.knightfrank.com Lee Nai Jia Senior Director & Head, Research T: 6228 6878 E: naijia.lee@sg.knightfrank.com
ADVISORY SERVICES
VALUATIO N & A DVISORY With a track record of 78 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, wellrespected and dedicated 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: CapitaLand Mall Trust - Portfolio valuation of seven retail malls and a mixed development, with a combined net lettable area of about 3 million sq ft.
FOR MORE INFORMATION, PLEASE CONTACT:
Low Kin Hon Deputy Group Managing Director & Head, Valuation & Advisory T: 6228 6860 E: kinhon.low@sg.knightfrank.com Png Poh Soon Senior Director, Valuation & Advisory T: 6228 7393 E: pohsoon.png@sg.knightfrank.com
CapitaLand Commercial Trust - Valuation of Asia Square Tower 2, which comprises premium Grade A office and retail units with a combined net lettable area of approximately 778,000 sq ft. Sabana Shari’ah Compliant Industrial REIT - Portfolio valuation of 11 of their industrial properties comprising high-tech industrial buildings, general industrial buildings and warehouse & logistics buildings. 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.
JULY 2018 - OCTOBER 2018 • 13
AUCTION & SALES
AUCTION & SALES TH E SA I L @ M A RI N A BAY 6-STAR WATERFRONT LIVING LIFESTYLE The subject property is located along Marina View in District 1 with premium views of the bay and central park. Marina Bay and its surroundings may be supplanting the Orchard area to be the place to live in by taking hold of the work-live-play concept. Wiith mega-office complexes like the Marina Bay Financial Centre and Asia Square Tower, it draws expatriates to reside in the luxury homes of the business district. • • • • •
Tenure : 99-years Leasehold (wef 2002) Floor Area : 1,647 sq ft 4-Bedroom Apartment (partitioned to 5 bedrooms) Link to Downtown & Raffles Place MRT stations Premium stack with bay view
Guide price: $1,700 psf Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
6 MARINA BOULEVARD, D01
mortgagee sale
H ELI O S RESI D EN CES 3-STOREY LUXURIOUS PENTHOUSE WITH LIFT, JACUZZI & ROOF TERRACE Located at a prime location just minutes away from Newton MRT station, the subject property is in close proximity to the vibrant Orchard Road shopping belt where many amenities and eateries are readily available in malls like Orchard Ion, Takashimaya, Wisma Atria, The Paragon, and many more. Short distance to prestigious schools like Raffles Girls School, Anglo-Chinese School, ISS International School & Chatsworth International School. • • • •
Tenure : Freehold Area : 3,993 sq ft T.O.P : 2011 4 + 1 Bedrooms
Guide price: $8.3 m
15 CAIRNHILL CIRCLE, D09 mortgagee sale SINGAPORE VIEW • 14
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
AUCTION & SALES
1 NORTH BRIDGE ROAD, D06 owner SALE
HIGH STREET CE N TR E BASEMENT CORNER UNIT High Street Centre is a high-rise commercial-cumresidential development comprising a basement with shops and a car park, 6-storey podium, offices and apartment units from levels 7 and above. Located at North Bridge Road, the locality is predominantly commercial in nature with modern shopping, office and hotel developments around the area. Iconic developments like the National Gallery, Parliament House and the supreme court are within the vicinity. • • • •
Tenure : 99-years Leasehold (wef 1969) Floor Area : 990 sq ft Selling with vacant possesion GST payable
Tricia Tan (CEA Reg No: R021904I) 9387 9668 • 6228 7349 tricia.tan@sg.knightfrank.com
FA BE R WA L K LANDED 2-STOREY SEMI-DETACHED HOUSE WITH SWIMMING POOL The subject property is located at Faber Walk, off Jalan Lempeng / Commonwealth Avenue West / Ayer Rajah Expressway. The immediate locality is a pleasant residential area. It is a short drive away from the Ayer Rajah Expressway, Pan Island Expressway and Clementi MRT station, enhancing the accessibility of the subject property to other parts of Singapore. • • • • •
Tenure : Freehold Land Size : 7,075 sq ft 5-bedroom semi-detached house Masterplan Zoning : 2-Storey Semi-Detached Ideal for building a bungalow
Guide price: $6.X million
Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com
FABER WALK, D05 owner sale JULY 2018 - OCTOBER 2018 • 15
AUCTION & SALES
JOO CHIAT TERRACE, D15 owner sale
J OO CH I AT TERRA CE 3-STOREY DETACHED HOUSE The subject property is located at Joo Chiat Terrace, off Joo Chiat Road. The locality is mainly residential in nature with landed, low rise apartment and condominium developments. Eunos MRT is within walking distance from the property. Many amenities are readily available around the vicinity with nearby malls such as I12 Katong, Singpost Centre and Paya Lebar Square. • • • •
Tenure : Freehold Land Area : 7,547 sq ft Built-up Area : 5,571 sq ft 9 good-sized bedrooms (8 ensuite & 1 shared bathroom)
Guide price: $6.03 million
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
TOH D RI V E 3 UNITS OF 2-STOREY CLUSTER SEMIDETACHED WITH BASEMENT & ATTIC Victory Ville is a development comprising 8 units of 2-storey cluster semi-detached houses with a basement, attic, home lift and private carpark each. Communal facilities provided within the development include a swimming pool, playground and BBQ pit. The immediate locality is generally residential in nature and marked by landed housing with some private condominium developments nearby. • • •
27 TOH DRIVE, D17 developer sale SINGAPORE VIEW • 16
Tenure : Freehold Floor Area : 3,757 sq ft Brand New
Tricia Tan (CEA Reg No: R021904I) 9387 9668 • 6228 7349 tricia.tan@sg.knightfrank.com
AUCTION & SALES
CHESTNUT AVENUE, D23 owner SALE
GRE E N H IL L E STAT E RARE SINGLE-STOREY DETACHED HOUSE Situated within the good class bungalow area, the subject property enjoys a peaceful and serene environment set within lush greenery. It is a short walk away to the Dairy Farm Nature Reserve and well-connected to other parts of Singapore via the BKE and PIE. Cashew MRT station and Pending LRT station are also within the vicinity. • • • •
Tenure : Freehold Land Area : 5,998 sq ft Wide frontage of approximately 23m Zoning : Residential / GCBA
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
T E LO K AY E R 3-STOREY REFURBISHED SHOPHOUSE WITH ATTIC & LIFT The subject property is located along Telok Ayer Street, close to the junction of Boon Tat Street and within the Chinatown Conservation Area. Situated within the traffic restricted zone of the Central Business District, the immediate locality is characterized by conservation shophouses amidst modern high-rise buildings. Vehicular access to other parts of Singapore is enhanced with highways like CTE, AYE and ECP. Tanjong Pagar and Raffles Place MRT stations are also within walking distance. • • • • •
Tenure : 999-years Leasehold (wef 1828) Land Area : 1,185 sq ft Built-up Area : 4,400 sq ft GST is not payable Selling vacant and on “As-is” basis
Guide price: $8.9 million Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com Tricia Tan (CEA Reg No: R021904I) 9387 9668 • 6228 7349 tricia.tan@sg.knightfrank.com
TELOK AYER, D01 mortgagee sale JULY 2018 - OCTOBER 2018 • 17
AUCTION & SALES
35 ROSYTH ROAD, D19 owner sale
G I LLEN I A 3-BEDROOM APARTMENT The subject property is located off Yio Chu Kang Road, approximately 9km from the city centre and easily accessible via the CTE. Serangoon and Kovan MRT stations are also nearby. Serangoon Junior College, Xinmin Secondary School, Bowen Secondary School and Rosyth School are within proximity. Near to Nex, Heartland Mall, Hougang Mall, Chomp Chomp Food Centre, Kovan Market and other food centres where amenities are readily available. • • •
Tenure : 999-years Leasehold (wef 1886) Floor Area : Approx. 1,098 sq ft Swimming pool & BBQ pit within the development
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
GA MBI R RI D GE 1+STUDY APARTMENT & 3+STUDY PENTHOUSE Located at Upper Serangoon, the development is near Serangoon, Bartley and Woodleigh MRT stations. Minutes away to Nex mall where amenities are readily available. Nearby to schools like Zhonghua Secondary School, Paya Lebar Methodist Girls’ School and Maris Stella High School. • • • •
9 GAMBIR WALK, D19 owner sale SINGAPORE VIEW • 18
Tenure : Freehold Floor Area : 1 + Study Apartment : 592 sq ft 3 + Study Penthouse : 1,561 sq ft High-floor units with unblocked views Swimming pool & BBQ pit within development
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
AUCTION & SALES
261 BUKIT TIMAH ROAD, D10 OWNER SALE
GOOD WO O D RE SI DE N CE LUXURIOUS 3-BEDROOM APARTMENT Goodwood Residence is a prime condominium developed by Guocoland. It comprises two 12-storey blocks accommodating 210 units of apartments and penthouses. Located on Bukit Timah Road, it is just minutes’ drive away from Singapore’s popular tourist shopping belt of Orchard Road and in proximity to prestigious schools such as Anglo-Chinese School and Raffles Girls' School. Accessibility is further enhanced by Newton MRT just within minutes’ walk away and the CTE. • • • • • •
Tenure : Freehold Floor Area : Approx. 1,970 sq ft T.O.P : 2013 Tenanted till 2019 Mid-floor unit Concierge Service available
Guide price: $5.05 million Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
L A N G S AT R O A D NEW 3-STOREY TERRACE HOUSE WITH ROOF GARDEN The subject property is located at Langsat Road, off Still Road. The locality is mainly residential in nature with landed and low rise apartments and condominium developments. Eunos MRT station is within walking distance from the subject property. Many amenities are readily available around the vicinity with nearby malls such as I12 Katong, Sing post Centre & Paya Lebar Square.
• • • • • •
Tenure : Freehold Land Area : 1,775 sq ft Built-up Area : 3,935 sq ft 5 Big Bedrooms High ceiling Efficient layout with good facing
Guide price: $3.xx million
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
LANGSAT ROAD, D15 owner sale JULY 2018 - OCTOBER 2018 • 19
INDUSTRIAL
INDUSTRIAL
13 BENOI SECTOR A SINGLE-USER GENERAL INDUSTRIAL DEVELOPMENT COMPRISING A SINGLE-STOREY PRODUCTION/ ASSEMBLY AREA, A 3-STOREY ANCILLARY OFFICE BLOCK, EXTERNAL TESTING YARD & A TEMPORARY ANCILLARY STAFF CANTEEN The subject property is strategically located along Benoi Sector; it is walking distance from the nearest bus stop and easily accessible via the AYE and PIE. It is approximately 5 minutes’ drive from Joo Koon MRT Station.
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Land Area : Approx. 316,387.62 sq ft Gross Floor Area : Approx. 125,630 sq ft Tenure : JTC Leasehold of 30 years (wef 2011) 2014 MP Zoning: Business 2 with Plot Ratio 2.5
SINGAPORE VIEW • 20
13 BENOI SECTOR, D22 FOR sale
Gerald Quek (CEA Reg No: R002959B) 9047 7619 • 6228 7306 gerald.quek@sg.knightfrank.com Tan Boon Leong (CEA Reg No: R002918E) 9817 0009 • 6228 6894 boonleong.tan@sg.knightfrank.com
INDUSTRIAL
17 GUL STREET 4, D22 FOR sale
17 G UL STRE E T 4 A SINGLE-STOREY JTC STANDARD (TYPE C3) DETACHED FACTORY WITH A MEZZANINE LEVEL AND SIDE/REAR EXTENSION The subject property is located along Gul Street 4, near the junction with Gul Drive. It is about 2 minutes’ drive from Gul Circle MRT station and is easily accessible via the AYE and PIE. • • • •
Tenure : JTC Leasehold 30+30 years (wef 1983) Land Area : Approx. 38,691 sq ft Gross Floor Area : Approx. 22,982 sq ft 2014 Master Plan Zoning : B2 with 1.4 plot ratio
Gerald Quek (CEA Reg No: R002959B) 9047 7619 • 6228 7306 gerald.quek@sg.knightfrank.com Tan Boon Leong (CEA Reg No: R002918E) 9817 0009 • 6228 6894 boonleong.tan@sg.knightfrank.com
21 & 2 3 K IA N TECK ROAD THREE SINGLE-STOREY JTC FACTORY BUILDINGS, EACH WITH MEZZANINE LEVELS AND A RECENTLY COMPLETED 5-STOREY FACTORY BLOCK WITH TEMPORARY SECONDARY DORMITORY The subject property is located along Kian Teck Road, International Road and Upper Jurong Road. The subject site is easily accessible from the AYE and PIE and is in close proximity to Pioneer and Joo Koon MRT stations. • • • •
Tenure : JTC leasehold 60 years (wef 1972) Land Area : Approx. 133,238 sq ft Gross Floor Area : Approx. 194,286 sq ft 2014 Master Plan Zoning : B2 with 1.4 plot ratio
Gerald Quek (CEA Reg No: R002959B) 9047 7619 • 6228 7306 gerald.quek@sg.knightfrank.com Tan Boon Leong (CEA Reg No: R002918E) 9817 0009 • 6228 6894 boonleong.tan@sg.knightfrank.com
21 & 23 KIAN TECK ROAD, D22 FOR SALE JULY 2018 - OCTOBER 2018 • 21
INDUSTRIAL
20 CHIN BEE DRIVE, D22 for sale
7 GU L LA N E A JTC DETACHED FACTORY WITH MEZZANINE OFFICE, A REAR EXTENSION & FOUR OVERHEAD CRANES The property is strategically located along Gul Lane, at the western part of Singapore. It is 4-minute drive from Gul Circle MRT Station, accessibility is convenient via the AYE and PIE. • • • •
Tenure : JTC Leasehold 30+30 years (wef 1981) Land Area : Approx. 68,278 sq ft Gross Floor Area : Approx. 41,455 sq ft 2014 Master Plan Zoning : B2 with 1.4 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z) 9825 0900 • 6228 7334 eekiat.ng@sg.knightfrank.com Lim Poh Gheok (CEA Reg No: R002915J) 9617 1006 • 6228 7382 pohgheok.lim@sg.knightfrank.com
22 K A LLA N G AV EN U E A 7-STOREY LIGHT INDUSTRIAL BUILDING WITH A BASEMENT CARPARK The subject property is located along Kallang Avenue. It is approximately a 1-minute drive from Lavender MRT station and Kallang MRT stations. The subject property is easily accessible via the PIE, KPE and Nicoll Highway. • • • •
Tenure : Freehold Land Area : Approx. 18,686 sq ft Gross Floor Area : Approx. 68,932 sq ft 2014 Master Plan Zoning : B1 with 2.5 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z) 9825 0900 • 6228 7334 eekiat.ng@sg.knightfrank.com
22 KALLANG AVENUE, D12 FOR sale SINGAPORE VIEW • 22
Tan Boon Leong (CEA Reg No: R002918E) 9817 0009 • 6228 6894 boonleong.tan@sg.knightfrank.com
INDUSTRIAL
17 JOO KOON WAY, D22 FOR sale
17 J O O KOON WAY A PROMINENT DUAL FRONTAGE SINGLE STOREY JTC DETACHED FACTORY WITH MEZZANINE LEVEL The property is strategically located at the junction of Joo Koon Way and Joo Koon Circle. It is easily accessible via the PIE and AYE. It is approximately 5 minutes’ drive from Joo Koon and Gul Circle MRT stations, Joo Koon bus interchange and Fairprice Hub. • • • •
Tenure : JTC Leasehold 18 years (wef 2014) Land Area : Approx. 74,981 Gross Floor Area : 38,281 sq ft 2014 Master Plan Zoning : B2 with Plot Ratio 1.4
Alvin Teng (CEA Reg No: R002950I) 9380 8662 • 6228 6893 alvin.teng@sg.knightfrank.com
66 KI AN T E C K R OAD A SINGLE STOREY JTC INTERMEDIATE TERRACE FACTORY WITH MEZZANINE LEVEL WITH AN OPEN FRONT YARD FOR LOADING/UNLOADING AND CAR PARKING The subject property is strategically located along Kian Teck Road and is easily accessible via the PIE and AYE. It is approximately 5 minutes’ drive from Pioneer and Joo Koon MRT Station, Joo Koon bus interchange and Fairprice Hub. • • • •
Tenure : JTC Leasehold 30 years (wef 2007) Land Area : 13,508 sq ft Floor Area : 12,001 sq ft 2014 Master Plan Zoning : B2 with Plot Ratio 2.5
Alvin Teng (CEA Reg No: R002950I) 9380 8662 • 6228 6893 alvin.teng@sg.knightfrank.com
66 KIAN TECK ROAD, D22 FOR lease JULY 2018 - OCTOBER 2018 • 23
INDUSTRIAL
33 GUL DRIVE, D22 for sale
33 GU L D RI V E A JTC STANDARD S1 SINGLE STOREY SEMI-DETACHED FACTORY WITH MEZZANINE LEVEL, MEZZANINE EXTENSION AND 1-STOREY REAR EXTENSION The subject property is strategically located at Gul Drive. It is about 5 minutes’ drive from Gul Circle MRT station and easily accessible via AYE and PIE. • • • •
Tenure : JTC Leasehold 27 years and 9 months (wef 2012) Land Area : Approx. 41,230 sq ft Gross Floor Area : 38,586 sq ft 2014 Master Plan Zoning : B2 with Plot Ratio 1.4
Alvin Teng (CEA Reg No: R002950I) 9380 8662 • 6228 6893 alvin.teng@sg.knightfrank.com
TA G .A A MODERN 4-STOREY LIGHT INDUSTRIAL BUILDING The subject property is located within Tagore Industrial Estate with public transport easily accessible along Upper Thomson Road. It is easily accessible via the SLE, CTE and Upper Thomson Road, and is within close proximity to Yio Chu Kang MRT and the future Springleaf and Lentor MRT Stations. • • • •
81 TAGORE LANE, D26 for LeASE SINGAPORE VIEW • 24
Total Strata Area Available for Lease : From approx. 1,604 sq ft to 1,949 sq ft 2014 Master Plan Zoning : Business 1 Ceiling Height : 5.95 m Floor Loading : 10 kN/m2
Gerald Quek (CEA Reg No: R002959B) 9047 7619 • 6228 7306 gerald.quek@sg.knightfrank.com
C RE AT IV E RE SOU R C E BUI LDI N G A NICELY FITTED BUSINESS PARK SPACE Located in International Business Park, the subject property is close to daily amenities for the office population, and to public transportation. The building is accessible via AYE and PIE and is within walking distance to Jurong East MRT station, IMM, Jcube, JEM and various F&B outlets and retail shops at Jurong East Regional Centre. • • • •
Available Space : 47,544 sq ft Availability : Immediate 2014 Master Plan Zoning : Business Park Childcare centre, food court and auditorium facilities available
Gerald Quek (CEA Reg No: R002959B) 9047 7619 • 6228 7306 gerald.quek@sg.knightfrank.com
H ARBO UR FR O N T TO W E R O N E A NICELY FITTED OFFICE SPACE The subject property is located in the HarbourFront CBD fringe precinct. It is close to daily amenities for the office population and close to major highways, such as the AYE and MCE. • • • •
Available Space : 5,920 sq ft Availability : March 2018 Sheltered access to Harbourfront MRT station Good view of Sentosa
Gerald Quek (CEA Reg No: R002959B) 9047 7619 • 6228 7306 gerald.quek@sg.knightfrank.com
1 HARBOURFRONT PLACE, D04 for lease JULY 2018 - OCTOBER 2018 • 25
INDUSTRIAL
31 INTERNATIONAL BUSINESS PARK, D22 FOR LEASE
INVESTMENT & CAPITAL MARKETS
INVESTMENT & CAPITAL MARKETS
KEMAMAN POINT JALAN KEMAMAN, D12 sold
Choo Wei Siong (CEA Reg No: R053701F) 9781 9557 • 6228 6892 weisiong.choo@sg.knightfrank.com Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
SINGAPORE VIEW • 26
FREEHOLD RESIDENTIAL REDEVELOPMENT OPPORTUNITY OFF BALESTIER ROAD Knight Frank is pleased to announce that Kemaman Point, a 89-unit residential development located off Balestier Road, has been sold collectively to Soilbuild Group Holdings Ltd, for S$143.88 million. Kemaman Point is a private residential estate comprising one residential block of 89 apartment units ranging from 79 sq m to 159 sq m, and has a site area of 4,071.5 sq m (approx. 43,825 sq ft). The immediate vicinity is predominantly surrounded by landed homes, high-rise condominiums and retail shops. The site is well-served by major arterial roads and expressways such as Balestier Road, PIE and CTE, which provide seamless connectivity to other parts of Singapore. • • •
Tenure : Freehold Site Area : Approx. 4,071.5 sq m / 43,825 sq ft Master Plan 2014 : Residential, with a Gross Plot Ratio of 2.8
INVESTMENT & CAPITAL MARKETS
ELIZABETH TOWERS MOUNT ELIZABETH, D09 for sale
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
TROPHY FREEHOLD HIGH-RISE RESIDENTIAL REDEVELOPMENT SITE Elizabeth Towers is a freehold residential development comprising 2 blocks of 80 apartments. The development has a site area of 5,046.3 sq m (approx. 54,318 sq ft). Elizabeth Towers is located along Mount Elizabeth, right in the heart of the Orchard Road shopping belt. It is less than 200 metres’ walk to Paragon and Mount Elizabeth Hospital (Orchard). The site is easily accessible via Cairnhill Road and is close to amenities along Orchard Road. Easy transportation facilities include Orchard MRT station, which is approximately 500 metres walking distance from the development.
• • •
Tenure : Freehold Site Area : Approx. 5,046.3 sq m / 54,318 sq ft Existing Gross Floor Area : Approx. 23,452.286 sq m / 252,438 sq ft
JULY 2018 - OCTOBER 2018 • 27
INVESTMENT & CAPITAL MARKETS
CHANCERY ESQUIRE CHANCERY LANE, D11 for sale
Lennon Koh (CEA Reg No: R022673H) 9748 7400 • 6228 7327 lennon.koh@sg.knightfrank.com Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
SINGAPORE VIEW • 28
FREEHOLD RESIDENTIAL REDEVELOPMENT OPPORTUNITY Chancery Esquire is a residential development comprising 31 residential apartment units with sizes ranging from 84 sq m to 158 sq m. The development has a site area of 2,696.3 sq m (approx. 29,023 sq ft). Chancery Esquire is located on Chancery Lane across from Anglo-Chinese School (Baker Road) and Anglo-Chinese School (Primary). The immediate surrounding is predominantly residential, comprising landed homes and private residential condominiums. It is easily accessible via expressways and major arterial roads such as the Pan Island Expressway (PIE), Dunearn Road and Bukit Timah Road. The Newton MRT Interchange is within 500 metres from Chancery Esquire.
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Tenure : Freehold Site Area : Approx. 2,696.3 sq m / 29,023 sq ft Existing Gross Floor Area : Approx. 4,476.87 sq m / 48,189 sq ft
INVESTMENT & CAPITAL MARKETS
SUTTON PLACE FARRER ROAD, D10 for sale
FREEHOLD RESIDENTIAL REDEVELOPMENT SITE ALONG FARRER ROAD Sutton Place is a freehold, 5-storey residential development comprising 44 apartment units, and has a site area of 8,657.0 sq m (approx. 93,183 sq ft). Under the 2014 Master Plan, the site is zoned “Residential” with an allowable plot ratio of 1.6. The site is elevated, and away from vehicular traffic. The subject site is within 600 metres from Farrer Road MRT station (Circle Line). Popular schools including Nanyang Primary School and Raffles Girls’ Primary School are within 1km and 2km away, respectively.
Lennon Koh (CEA Reg No: R022673H) 9748 7400 • 6228 7327 lennon.koh@sg.knightfrank.com
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Tenure : Freehold Site Area : Approx. 8,657.0 sq m / 93,183 Master Plan 2014 : Residential, with a Gross Plot Ratio of 1.6
Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 29
INVESTMENT & CAPITAL MARKETS
FRAGRANT GARDENS UPPER PAYA LEBAR ROAD, D19 for sale
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 • 30
FREEHOLD RESIDENTIAL REDEVELOPMENT OPPORTUNITY Fragrant Gardens is a residential development comprising 37 residential apartment units with sizes ranging from 79 sq m to 199 sq m. The development has a site area of 3,583.8 sq m (approx. 38,576 sq ft). Under the Master Plan 2014, the site is zoned “Residential” with a plot ratio of 1.4. Fragrant Gardens is located at Upper Paya Lebar Road, with immediate surroundings consisting of predominantly low-rise apartments and landed homes. The site is less than 8 minutes drive from both Serangoon and Bartley MRT stations.
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Tenure : Freehold Site Area : Approx. 3,583.8 sq m / 38,576 sq ft Master Plan 2014 : Residential, with a Gross Plot Ratio of 1.4
INVESTMENT & CAPITAL MARKETS
WINDY HEIGHTS JALAN DAUD, D14 for sale
Choo Wei Siong (CEA Reg No: R053701F) 9781 9557 • 6228 6892 weisiong.choo@sg.knightfrank.com Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
FREEHOLD RESIDENTIAL REDEVELOPMENT OPPORTUNITY Windy Heights is a residential development comprising 192 apartment units, 8 penthouses and 2 retail units. The development has a site area of 23,291 sq m (approx. 250,702 sq ft). The site is located 2 MRT stations away from the upcoming Paya Lebar Central and is a 15-minute drive away from the city centre and the shopping and entertainment strip of Orchard Road. The site’s close proximity to major roads and expressways such as the Pan Island Expressway (PIE) and Changi Road enhances its accessibility to other parts of Singapore. Based on URA’s reply on the Development Baseline enquiry and GFA Verification, the development baseline for Windy Heights is 67,760 sq m, B2 use and the current built-up Gross Floor Area is 58,150.74 sq m. Due to the high development baseline, no development charge is payable.
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Tenure : Freehold Site Area : Approx. 23,291 sq m / 250,702 sq ft Existing Gross Floor Area : Approx. 58,150.74 sq m / 625,929 sq ft
JULY 2018 - OCTOBER 2018 • 31
INVESTMENT & CAPITAL MARKETS
SUM MER GREEN BOON TECK ROAD, D12 for sale
FREEHOLD RESIDENTIAL REDEVELOPMENT SITE OFF BALESTIER ROAD Summer Green is a freehold, 13-storey residential development comprising 24 apartment units, and has a site area of 1,360.7 sq m (approx. 14,646 sq ft). Under the 2014 Master Plan, the site is zoned “Residential” with an allowable plot ratio of 2.8. The site is regular in shape and enjoys a frontage of approximately 30 metres. The subject site is conveniently located along Balestier Road, within walking distance to a wide array of amenities and is just a few minutes’ drive to both Novena Square and United Square, the Orchard Road shopping belt and the Central Business District.
Lennon Koh (CEA Reg No: R022673H) 9748 7400 • 6228 7327 lennon.koh@sg.knightfrank.com Karen Wan (CEA Reg No: R040821F) 9772 8042 • 6228 6809 karen.wan@sg.knightfrank.com
SINGAPORE VIEW • 32
• • •
Tenure : Freehold Site Area : Approx. 1,360.7 sq m / 14,646 sq ft Master Plan 2014: Residential, with a Gross Plot Ratio of 2.8
INVESTMENT & CAPITAL MARKETS
HX 4 & 5, HARBOUR EXCHANGE LONDON E14, UK for sale
HIGH YIELDING CENTRAL LONDON ASSET MANAGEMENT OPPORTUNITY HX 4 & 5 Harbour Exchange presents an excellent opportunity to acquire two prominent buildings, occupying an island site, on the vibrant Harbour Exchange Estate. Harbour Exchange is adjacent to South Quay DLR station and within a five minute walk of the Canary Wharf Estate, which includes London Underground services and the new Crossrail station.
• • 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
• •
A total of approx. 8,818 sq m of Grade A offices Ancillary accommodation arranged across two interlinked buildings offering flexible floor plates with high levels of natural light WAULT 4.6 years to expiries and 2.3 years to breaks on the let space Current passing rent is £2,695,154 per annum, reflecting a highly reversionary average rent of £28.40 per sq ft overall compared to £37.50 achieved on the Harbour Exchange estate
JULY 2018 - OCTOBER 2018 • 33
INVESTMENT & CAPITAL MARKETS
SYDNEY, AUSTRALIA FOR SALE
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
ECLIPSE TOWER, PARRAMATTA 100% FREEHOLD INTEREST LANDMARK OFFICE TOWER 60 Station Street, Parramatta “Eclipse Tower” presents a rare opportunity to acquire a 100% freehold interest in a landmark office tower. Prominently standing in the heart of the dynamic Parramatta CBD, this imposing 20 storey office tower defines the city’s skyline with its unique elliptical form and striking glazed facade.
SINGAPORE VIEW • 34
• • • •
25,729 sq m A Grade accommodation 100% occupied by globally renowned blue chip corporations including QBE, Deloitte and Government Property NSW WALE 3.5 years Net passing income $14,827,689
JALAN BESAR, D08 FOR sale
INVESTMENT & CAPITAL MARKETS
71 - 73B JA L A N B E S A R FREEHOLD SHOPHOUSE WITH DUAL FRONTAGE A row of 4 adjoining 2-storey conservation shophouses with attic, enjoying dual frontage to Jalan Besar and Upper Weld Road. The immediate surroundings comprise developments which are mainly commercial in nature. The Jalan Besar MRT Station is located practically at its doorstep. The subject site is a few minutes’ drive to Orchard Road, CBD and Marina Bay area. • • •
Tenure : Freehold Site Area : Approx. 324.7 sq m / 3,495 sq ft Master Plan 2014 : Commercial within Little India Conservation Area
Karen Wan (CEA Reg No: R040821F) 9772 8042 • 6228 6809 karen.wan@sg.knightfrank.com Mary Sai (CEA Reg No: R027878I) 9388 7879 • 6228 6886 mary.sai@sg.knightfrank.com
BA L I LA N E SHOPHOUSE INVESTMENT OPPORTUNITY The subject property is a 2-storey intermediate conservation shophouse with attic, located along Bali Lane, off Ophir Road. It enjoys a prominent frontage and is within walking distance to Bugis MRT Station, connecting both Downtown and East West lines. Immediate vicinity comprises mainly shophouses and offices. • • •
Tenure : 999-year Leasehold wef 1833 Land Area : Approx. 67 sq m / 721 sq ft Master Plan 2014 : Commercial within Kampong Glam Conservation Area
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
BALI LANE, D07 FOR sale JULY 2018 - OCTOBER 2018 • 35
INVESTMENT & CAPITAL MARKETS
JOO CHIAT ROAD, D15 for sale
11 8 J O O CH I AT RO A D FREEHOLD COMMERCIAL BUILDING A 4-storey commercial building with attic, lift and 9 carpark lots, nestled amongst 2 and 3-storey shophouses. The subject site is located along Joo Chiat Road and within walking distance to the new civic centre – Wisma Geylang Serai. Joo Chiat is currently undergoing a rejuvenation of with many modern F&B establishments replacing trades of yesteryears. • • • •
Tenure : Freehold Site Area : Appriox. 435.3 sq m / 4,686 sq ft Gross Floor Area : Approx. 1,725.3 sq m / 18,571 Master Plan 2014 : Commercial with plot ratio of 3.0
James Wong (CEA Reg No: R017407Z) 9113 3113 • 6228 7345 james.wong@sg.knightfrank.com 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
CON N EXI ON MEDICAL SUITES INVESTMENT OPPORTUNITY Connexion is Singapore’s first integrated healthcare and hospitality complex. It is located directly above Farrer Park MRT Station and only a few minutes’ drive away from Orchard Road and the CBD. Enhanced accessibility to other parts of Singapore is available via the arterial roads of Serangoon Road, Balestier Road and Bukit Timah Road. • •
Tenure : 99-year Leasehold wef 2007 Strata Floor Area : Range between 711 – 2,261 sq ft
James Wong (CEA Reg No: R017407Z) 9113 3113 • 6228 7345 james.wong@sg.knightfrank.com Zach Teo (CEA Reg No: R057284I) 9190 6256 • 6228 7394 zach.teo@sg.knightfrank.com
1 FARRER PARK STATION ROAD, D08 FOR SALE SINGAPORE VIEW • 36
Mary Sai (CEA Reg No: R027878I) 9388 7879 • 6228 6886 mary.sai@sg.knightfrank.com
OFFICE
OFFICE FRAGRANCE EMPIRE BUILDING 456 ALEXANDRA ROAD, D05 FOR LEASE A 26-storey newly refurbished icon (formerly NOL Building) prominently located at the junction of Pasir Panjang Road and Alexandra Road. Located in the Central West district, it enjoys close proximity to the CBD, as well as the Jurong industrial district.
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Full height glass windows throughout, offering ample natural light and unobstructed panoramic views of the sea, city and foliage Available Sizes : Approx. 2,000 sq ft, 4,000 sq ft, 8,000 sq ft, 16,000 sq ft, and 24,000 sq ft Central air-conditioning system Ample parking lots Connected to Alexandra Retail Centre and Labrador MRT station by covered walkway
Karen Tan (CEA Reg No : R004773F) 9022 8484 • 6228 7343 karen.tan@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 37
PROPERTY ASSET MANAGEMENT
PROPERTY ASSET MANAGEMENT ASSET MANAGEMENT Our Asset Management team manages more than 8 million square feet of space spanning 21 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 339 DAHAN ROAD
45 MARONG ROAD
INCOME @ TAMPINES JUNCTION
NTUC INCOME PROPERTIES
SINGAPORE VIEW • 38
HILLION MALL
PROPERTY ASSET MANAGEMENT
FOR MORE INFORMATION ON ASSET AND STRATA MANAGEMENT, PLEASE CONTACT: 6848 5678 • enquiries@kfpam.com.sg
S T R ATA M A N A G E M E N T For owners of strata titled developments, our Strata Management team provides common area management services, managing estates between the range of 50 to 1,350 units. For property developers, we provide advice on the implications of development plans on maintenance charges and handover services. Owners of strata units who reside overseas, or are trustees, corporations and high-net-worth individuals, engage us for landlord-tenant services, including leasing, re-sale, rent collection and general management.
A L E X R ES IDENCES
S OL AC R ES
O UE T W IN PE A K S
S O PHIA H I L L S
JULY 2018 - OCTOBER 2018 • 39
LOCAL
RESIDENTIAL LOCAL PROJECTS
AFFINITY AT SERANGOON SERANGOON NORTH AVENUE 1, D19 for sale Guide price : PRICE ON APPLICATION Affinity at Serangoon is conveniently located next to one of Singaporean’s most identifiable addresses, Serangoon Gardens. 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, with each unit offering spacious and efficient layouts to meet the needs of each aspiring home owner. Affinity at Serangoon is truly an iconic development that will change the landscape of Serangoon. Come home to all that you cherish.
Artist's Impression
Calvin Chua (CEA Reg No: R006245Z) 9736 9890 calvin.chua@sg.knightfrank.com SINGAPORE VIEW • 40
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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 Developed by : Oxley Serangoon Pte Ltd
LOCAL Artist's Impression
Artist's Impression
MARINA ONE RESIDENCES 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. Marina One Residences is seamlessly connected to four MRT lines (North-South, Circle, Downtown and the upcoming Thomson line) via underground pedestrian walkways and is easily accessible from major expressways. With island-wide connectivity, Marina One Residences is conveniently located to everything you want and possibly need. • • • • •
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
21 MARINA WAY, D01 for sale GUIDE PRICE : PRICE ON APPLICATION
Teddy Ng (CEA Reg No: R006630G) 9030 4603 teddy.ng@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 41
LOCAL
ALEXANDRA VIEW, D03 for sale Artist's Impression
A RTRA 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 Date : March 2020 Developed by : FEC Skyline Pte Ltd
Guide price : 2-br + study from sgd 1,595,700
Teddy Ng (CEA Reg No: R006630G) 9030 4603 teddy.ng@sg.knightfrank.com
Artist's Impression
Q U EEN S PEA K WHERE CONVENIENCE MEETS LUXURY 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 among 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 and many more 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
Guide price : 3-BR from Sgd 1,619,000
DUNDEE ROAD, D03 for sale SINGAPORE VIEW • 42
Teddy Ng (CEA Reg No: R006630G) 9030 4603 teddy.ng@sg.knightfrank.com
LOCAL Artist's Impression
TWIN VEW 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. Just to name a few, 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.
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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
Artist's Impression
WEST COAST VALE, D05 for sale Guide price : 4-BR + study FROM SGD 1,864,000 Teddy Ng (CEA Reg No: R006630G) 9030 4603 teddy.ng@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 43
LOCAL
11 RIVER VALLEY CLOSE, D09 for sale Artist's Impression
STA RLI G H T SU I TS REVEL AND RELISH IN REALMS OF PLEASURE Starlight Suites is a 35-storey high rise building of sleek, modern contemporary design. It is a freehold property located at 11 River Valley Close. The Starlight Suites will be a leisure walk away from the future Great World City MRT station and is just a stone's throw away from Singapore’s busiest and most vibrant shopping district, Orchard Road. As the bright ambience of the shops beckon, residents can take their pick with innumerable choices to suit every lifestyle need and be drawn to the glitter of exquisite dinning choices and titillating nightlife. • • • • •
Tenure : Freehold 1 to 4-Bedrooms Apartments & Penthouses 560 sq ft – 3,401 sq ft Total Units : 105 Developed by : Meadows Property (S'pore) Pte Ltd
Guide price : price on application Teddy Ng (CEA Reg No: R006630G) 9030 4603 teddy.ng@sg.knightfrank.com
REI GN WOOD H A M I LTO N SCOTTS IMAGINE A HOME THAT CELEBRATES YOUR MOST FERVENT PASSIONS 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. • • • • •
37 SCOTTS ROAD, D09 for sale, price on application SINGAPORE VIEW • 44
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
LOCAL Artist's Impression
M5
Artist's Impression
JALAN MUTIARA, D10 for sale Guide price : 1-BR FROM SGD 1,026,000
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.
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Tenure : Freehold 1 to 2-Bedroom Apartments & Penthouses Size : 441 sq ft - 1,474 sq ft Total units : 33 Developed by : TTH Development Pte Ltd
Teddy Ng (CEA Reg No: R006630G) 9030 4603 teddy.ng@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 45
LOCAL
Artist's Impression
Artist's Impression
PARK PLACE RESIDENCES AT PLQ PAYA LEBAR, D14 for sale
LIVE THE CITY LIFE, EAST STYLE Paya Lebar Quarter, Singapore’s most progressive city precinct located at the heart of the URA’s urban regeneration masterplan for Paya Lebar. Three worldclass 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.
Calvin Chua (CEA Reg No: R006245Z) 9736 9890 calvin.chua@sg.knightfrank.com
SINGAPORE VIEW • 46
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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
LOCAL Artist's Impression
SK Y HAB ITAT BISHAN STREET 15, D20 for sale Guide price : 2-br + TERRACE from sgd 1,991,100
STAY LANDED, LIVE ELEVATED 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 Ltd
Teddy Ng (CEA Reg No: R006630G) 9030 4603 teddy.ng@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 47
INTERNATIONAL
RESIDENTIAL INTERNATIONAL PROJECTS
FLETTON QUAYS
MEDIEVAL HEART WITH A COSMOPOLITAN AURA
PETERBOROUGH, CAMBRIDGESHIRE, PE2 8AG FOR SALE
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Guide Price : GBP 172,000 onwards
Weston Homes at Fletton Quays offers a modern collection of one, two and three bedroom apartments. This multi-million pound redevelopment of Peterborough’s South Bank offers high quality new homes, a luxury hotel and sky bar, restaurants, shops and offices. Fletton Quays is set to become the most desirable and central Riverside destination in the city. Tenure : 999-year leasehold 1 to 3-Bedrooms Apartments Built Up Area : 559 sq ft onwards Total Units : 229 Estimated Completion Date : Q2 2019 Developer : Weston Homes
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com SINGAPORE VIEW • 48
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
INTERNATIONAL
CALEDONIAN ROAD LONDON N7 (FOR SALE) FOR SALE Guide Price : GBP 625,000 onwards
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
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.
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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
JULY 2018 - OCTOBER 2018 • 49
INTERNATIONAL
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
SINGAPORE VIEW • 50
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
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.
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
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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
JULY 2018 - OCTOBER 2018 • 51
INTERNATIONAL
VANTAGE IT’S LIFE, FROM A NEW PERSPECTIVE Vantage is an elevated parkland village, a sanctuary thoughtfully designed to be your private oasis, in the heart of the Gold Coast. Named to recognise the spectacular views of the sunrise over the Gold Coast skyline, “Dawn” welcomes a new era at Vantage. 15 levels carefully composed; 113 residences elegant and refined; a myriad of designer inclusions unexpected and individualised.
GOLD COAST, QUEENSLAND, AUSTRALIA for sale GUIDE PRICE : aud 495,000 ONWARDS
Ultimately comprising a mix of individual buildings, Vantage has been designed so that each complements the other to create a cohesive community. Offering panoramic views to the Hinterland, the Surfers Paradise skyline and over Royal Pines, this elevated contemporary address delivers the apartment lifestyle traditionally only found on the coastal strip to the more relaxed green heart of the Gold Coast.
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Tenure : Freehold 2 to 3-Bedrooms Apartments Built Up Area : 118 sq m onwards Total Units: 113 Estimated Completion Date : Early 2020 Developer : Rayjon Group
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
SINGAPORE VIEW • 52
INTERNATIONAL
KOKO BROADBEACH 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. • • • • • •
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
GOLD COAST, QUEENSLAND, AUSTRALIA for sale Guide price : aud 629,900 onwards
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 53
INTERNATIONAL
SANDBAR BURLEIGH 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.
GOLD COAST, QUEENSLAND, AUSTRALIA for sale
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, beach-inspired colour palette promotes a calming sense of home.
GUIDE PRICE : AUD 525,000 ONWARDS
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. • • • • • •
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
SINGAPORE VIEW • 54
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
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
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 55
INTERNATIONAL
200 EAST 21 S T STREET GRAMERCY PARK, NEW YORK, USA FOR SALE Guide Price : USd 1,445,000
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
SINGAPORE VIEW • 56
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
INTERNATIONAL
125 GREENWICH STREET 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 one-of-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. • • • • • •
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
FINANCIAL DISTRICT, MANHATTAN, NEW YORK, USA FOR SALE GUIDE PRICE : USD 1,275,000 onwards
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 57
INTERNATIONAL
242 BROOME
LOWER EAST SIDE, MANHATTAN, NEW YORK, USA FOR SALE Guide Price : USd 1,600,000 onwards
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
SINGAPORE VIEW • 58
A LEGACY OF NEW BEGINNINGS 242 Broome embodies the latest chapter in the everevolving 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
INTERNATIONAL
CHARLIE WEST MEET HELL’S KITCHEN'S NEW STAR – A RESIDENCE LIKE NO OTHER 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-story 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
HELL’S KITCHEN, MANHATTAN, NEW YORK, USA FOR SALE Guide Price : USD 965,000 onwards
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 59
INTERNATIONAL
NO. 1 CHARLOTTENBURG
CHARLOTTENBURG, BERLIN, GERMANY FOR SALE GUIDE PRICE : EU 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.
SINGAPORE VIEW • 60
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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 Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
INTERNATIONAL
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. • • • • • •
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)
THE PALM, DUBAI, UNITED ARAB EMIRATES FOR SALE Guide Price : AED 6,995,000 onwards
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 61
INTERNATIONAL
YU KIRORO
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. • • • • • •
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
HOKKAIDO, JAPAN FOR SALE Guide Price : JPY 74,000,000 onwards
SINGAPORE VIEW • 62
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
Guide Price : price on application
NISEKO, JAPAN FOR SALE
TAKE A LEAP OF FAITH INTO POWDER HEAVEN The Maples situated at the beautiful Hirafu, where it is home to some of the world’s best powder. With a breath-taking view of Mount Yotei, this freehold development will be ideal for families, young professionals and investors looking for a second home within Asia.
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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
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 63
INTERNATIONAL
THE MAPLES
INTERNATIONAL
NOONU ATOLL, MALDIVES FOR SALE
CORAL,
GUIDE PRICE : eu 5,600,000 onwards
P RI VATE IS L A N D I N M A L D IV E S
Attractive discount can be considered for the purchase of both Coral Island and Crystal Island
PRIVATE ISLAND IN MALDIVES 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
SINGAPORE VIEW • 64
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
CRYSTAL,
GUIDE PRICE : from eu 9,650,000 onwards
P RI VATE IS L A N D I N MAL D IV E S
Attractive discount can be considered for the purchase of both Coral Island and Crystal Island
PRIVATE ISLAND IN MALDIVES 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. • • • • •
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 Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 65
INTERNATIONAL
ATOLL GAAF DHAAL, MADAVELI, MALDIVES FOR SALE
INTERNATIONAL
OXLEY CONVENTION CITY
BATAM, INDONESIA FOR SALE
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. • • • • •
Tenure : 35-years HGB (up to 2051) Stuido, 1 to 3-Bedrooms Apartments & Penthouses Area: 272 sq ft – 1,419 sq ft Total Units : 1,635 Developer : Oxley Karya Indo Batam
GUIDE PRICE : studio from IDR 702,888,000 onwards
Calvin Chua (CEA Reg No: R006245Z) 9736 9890 calvin.chua@sg.knightfrank.com
SINGAPORE VIEW • 66
RETAIL
RETAIL
APERIA #03-17 12 KALLANG AVENUE, SINGAPORE 339511
BOULDER+ Boulder+, a huge, sun-filled bouldering gym in Aperia Mall, allows you to pit flexibility, balance, endurance and power against its 4.5m walls, and have a taste of outdoor bouldering in a safe and cosy environment. With more than 100 boulder climbing routes, Boulder+ caters to the skill sets of kids to the most advanced boulderers. You can try a variety of movement on a prowl, aretes, face-climbs, gentle overhangs, a massive steep wall and the all-time favourite arch. Boulder+ is a gym for everyone and it is open daily.
Fauzul Darke (CEA Reg No: R012602D) 8254 3954 • 6228 7336 fauzul.darke@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 67
RETAIL
3 PUNGGOL POINT ROAD SINGAPORE 828694
TH E PU N GGOL SETTLEM EN T The Punggol Settlement is a 2-storey seafront F&B and retail development with 22 restaurants, 4 shops, 3 kiosks and 204 carpark lots. Situated at the redeveloped and constantly evolving Punggol estate, the project is a food and beverage retail concept surrounded by flora, fauna and relaxing seafront views. With famous restaurants like White Bee Hoon, House of Seafood and more, Punggol Settlement is an ideal place for family gatherings on weekends or chilling out with friends after work. One can enjoy relaxing sea views and listen to calming sea waves, for an unforgettable dining experience. Knight Frank is the sole marketing agent for this project.
Irene Siah (CEA Reg No: R045649J) 9768 6812 • 6228 7332 irene.siah@sg.knightfrank.com
N O V EN A REGEN CY Novena Regency is strategically located at the heart of Novena, surrounded by a vibrant mix of city-centre residential developments, offices, medical institutions, renowned schools and hotels. Easily accessible via Novena MRT Station and ECP, Novena Regency is close to Orchard and the CBD, attracting non-stop traffic from the city and beyond. This is a mix-development project comprising 45 retail units including F&B on level 1, 55 residential units starting from level 2 onwards and parking lots at the basement. Exclusive ground level units with premium frontage and high traffic are suitable for alfresco dinning, while retail units of various sizes are available and suitable for lifestyle, services and retail. Knight Frank is the sole marketing agent for this project.
297 THOMSON ROAD SINGAPORE 307646 SINGAPORE VIEW • 68
Irene Siah (CEA Reg No: R045649J) 9768 6812 • 6228 7332 irene.siah@sg.knightfrank.com
MO N N A N I “Monnani Kwabaeggi" means Ugly Pretzel in Korean. They may be brown and ugly, but half a million are sold across 110 outlets in South Korea each day. The Korean franchise set its first international outlet outside South Korea, in Singapore, in April 2018. The ugly pretzel was inspired by the Spanish Churros, but created with a house-made sticky rice and seven-grain dough. Crispy on the outside, yet chewy on the inside, the pretzel is fried in Canola oil, making it a delicious and healthy snack. Besides the original version that is coated lightly with cinnamon sugar, there are five other varieties of yuzu, korean red bean, premium cheese, premium chicken sausage and nutella. Knight Frank is the sole marketing agent for this project.
Joelle Oon (CEA Reg No: R017287E) 9737 7767 • 6228 6843 joelle.oon@sg.knightfrank.com
S A M SU I T E OC H EW PO RRI D G E After the successful launch of Rong Hua Bak Kut Teh, Culinary Holdings is back with a new concept and flagship store, Samsui Teochew porridge. The traditional Samsui women hailing from the Teochew speaking region of Chao'an had a favourite recipe to remind them of their hometown whenever they missed home. Their carefully prepared Teochew porridge spread offered the most outstanding combination of nutrition as well as taste and variety. An occasional heartwarming serving of luxury in the form of a steamed fish would go a long way as the labourers shared their day and a meal together while tucking into a spread of hot steaming oriental dishes cooked over an open wood fire. Teochew porridge is a familiar and popular cuisine amongst Singaporeans. With a strong team of culinary experts and management, Samsui Teochew Porridge has developed a variety of teochew dishes guaranteed to satisfy customers' cravings.
Irene Siah (CEA Reg No: R045649J) 9768 6812 • 6228 7332 irene.siah@sg.knightfrank.com
#B1-13/14 FUSIONOPOLIS ONE 1 FUSIONOPOLIS WAY, SINGAPORE 138632 JULY 2018 - OCTOBER 2018 • 69
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