SINGAPORE VIEW A COLLECTION OF THE FINEST PROPERTIES & DEVELOPMENTS
MAR 2 0 1 8 - J UN 2 0 1 8
MARCH 2018 - JUNE 2018 • 1
CONTENTS 15
04 WELCOME
06 MARKET RESEARCH
12 ADVISORY SERVICES
14 AUCTION & SALES
21 INDUSTRIAL
27 INVESTMENT & CAPITAL MARKETS
33 OFFICE
34 PROPERTY ASSET MANAGEMENT
SINGAPORE VIEW • 2
32
37
36 RESIDENTIAL LOCAL PROJECTS
45 RESIDENTIAL INTERNATIONAL PROJECTS
63 51
RESIDENTIAL LEASING
64 RETAIL
31
61
MARCH 2018 - JUNE 2018 • 3
SINGAPORE VIEW MAR 2018 - JUN 2018 COVER IMAGE PARK PLACE RESIDENCES AT PLQ READ MORE ON PAGE 36
SINGAPORE VIEW • 4
EDITOR Liew Lixia RESEARCH CONTENT Alice Tan MARKETING Phyllis Goh DESIGNER Regina Ang
WELCOME Fresh waves continue to flow through the Singapore residential market, following a year of record land bid prices and an upturn in recovery for the property market. In a surprise announcement, the recent Budget revealed a hike in the Buyer's Stamp Duty (BSD) rate from 3 per cent to 4 per cent for residential properties worth more than S$1 million, beginning end February. However, given positive market sentiments and heightened interest in the residential market, the 1 per cent increase in BSD is unlikely to deter buying demand, supporting the upward trend witnessed by the Property Price Index for all market segments, which climbed 1.1% year-on-year (y-o-y) in Q4 2017, which was the highest growth seen since Q4 2013. Over 10,600 new private homes are slated for completion in 2018, with the Outside Central Region contributing to more than half of the upcoming supply. The retail market, on the other hand, continued to be weighed down by rising business costs and manpower shortages in 2017. Faced with further challenges wrought by rising competition from e-commerce services and changing consumer expectations, demand for new retail spaces across the board has remained soft, as retailers take a measured approach towards expansion plans. Despite strong headwinds, prime rents for retail spaces along Orchard Road have remained resilient, inching up 0.8% y-o-y in Q4 2017. With the shopping belt’s enduring popularity amongst international retailers, Orchard Road continues to be a choice location for retailers looking to establish a brand presence in Singapore.
The manufacturing sector remains a key engine of economic growth in the fourth quarter of 2017, particularly in the strongholds of electronics and precision engineering. The Singapore Purchasing Managers’ Index expanded for the 16th consecutive month in December 2017 to 52.8, a slight dip of 0.1 from its high in November 2017. In the wake of the en bloc fever over the last year, construction demand is anticipated to rise, with the construction sector possibly sourcing out more industrial production and warehousing spaces to meet the growing demand from upcoming new residential projects. Moored by active leasing activity, prime grade office rents have persisted in its route to recovery, with landlords of Grade A+ office buildings gradually adjusting rents upwards, in view of the limited new supply of prime offices projected to come on stream, till 2020. Grade A office space rents increased across several precincts, with the Suntec / Marina Centre precinct witnessing the highest growth of 1.7% q-o-q in Q4 2017. The supplyled demand for ‘flight to quality and efficiency’ for prime office space is expected to carry through to 2018, as tenants relocate to larger and more efficient floor plates to fulfil their evolving operational requirements, or rightsize their spaces by adopting activity-based workplace solutions. Looking ahead, demand for office space is expected to be fuelled by growth drivers on the back of government and private sector initiatives, as the economic prospects for Singapore in 2018 grow brighter.
Danny Yeo Chairman & Group Managing Director Knight Frank Pte Ltd
MARCH 2018 - JUNE 2018 • 5
MARKET RESEARCH SYNOPSIS The Property Price Index of all market segments climbed 1.1% year-onyear (y-o-y) in Q4 2017, the highest growth seen since Q4 2013. The total New Sale, Sub-sale and Resale residential transaction volume also hit 25,010 units for 2017, a 52.7% increase from 2016. The key reason behind the strengthened performance of the private residential market could be alluded to the release of pent-up demand from prospective homebuyers amid market expectations that home prices will rise in 2018 following the record land bid prices seen in 2017. Average gross rental yields for the high-end and mass-market segments declined in Q4 2017 to 2.78% and 3.20% respectively. The decline was the largest for the high-end market segment, with a 0.10% q-o-q drop. Average gross rental yields for the mid-tier market held steady at 3.10% in the same quarter.
“ 52.7% increase in
transaction volume UPCOMING PRIVATE RESIDENTIAL SUPPLY, BY MARKET SEGMENT, AS AT Q4 2017 Source: URA, Knight Frank Research
Approximately 10,634 private homes are slated for completion in 2018 according to Q4 2017 statistics from URA. The Outside Central Region (OCR) will contribute to more than half of this upcoming supply.
12,000
AVERAGE RESALE PRICES, RENTS AND GROSS YIELDS OF PRIVATE RESIDENTIAL PROPERTY, BY MARKET SEGMENT
10,000
CCR
RCR
OCR
NO.OF UNITS
RESIDEN T I AL
Source: REALIS, (based on data as at 20 January 2018), URA (based on rental contract data as at 20 January 2018), Knight Frank Research
AVERAGE RESALE PRICES (S$ PER SQ FT STRATA AREA)
HIGH-END MID-TIER MASS-MARKET
Q4 2016
Q4 2017
Y-O-Y CHANGE
$1,969 $1,485 $ 972
$2,072 $1,549 $ 983
5.2% 4.3% 1.2%
$4.96 $4.15 $2.73
$4.80 $4.00 $2.62
-3.2% -3.7% -3.9%
3.03% 3.37% 3.35%
2.78% 3.10% 3.20%
8,000
6,000
AVERAGE RENTS (S$ PER SQ FT STRATA AREA PER MONTH)
HIGH-END MID-TIER MASS-MARKET
4,000
GROSS YIELDS (%) HIGH-END MID-TIER MASS-MARKET
2,000
0 SINGAPORE VIEW • 6
2018
2019 2020
2021 2022 >2022
The Singapore retail market continued to be weighed down by rising business costs and manpower shortage in 2017. As retailers face competition from e-commerce services and changing consumer expectations, demand for new retail spaces remained soft. Moving forward, landlords and retailers are expected to further integrate technology into their operations and physical stores to attract shoppers in 2018.
MAJOR UPCOMING RETAIL SUPPLY IN KEY PRECINCTS (ABOVE 50,000 SQ FT NLA) Source: Knight Frank Research
Rents of prime spaces remained weaker than a year ago. On a y-o-y basis, island-wide prime rents compressed 0.8% from S$30.90 per square foot per month (psf pm) in Q4 2016 to S$30.70 psf pm in Q4 2017; with the highest dip in rents experienced in the precinct of Marina Centre, City Hall and Bugis (-5.6% y-o-y) in the same period. Notwithstanding strong headwinds in the retail scene, prime rents for retail spaces along Orchard Road remained stable and inched up by 0.8% y-o-y in Q4 2017. This could be attributed to the shopping belt’s maintained popularity, especially amongst international retailers, as the prime location to establish their brand’s presence. About 2.7 million sq ft of net lettable retail space for major malls is slated for completion between 2018 and 2021 in Singapore, averaging 0.7 million sq ft of new retail space in major malls per year. Retail expected to remain challenging for both retailers and landlords in 2018. Average rents in the Central Region are envisaged to fall by 3.0% to 5.0% y-o-y, and Suburban region to decline by up to 3.0% y-o-y by Q4 2018. The more resilient island-wide prime rents are likely to see marginal decrease by up to 2.0% y-o-y in the same period. Island-wide occupancy performance is expected to moderate to between 91.0% and 93.0% by Q4 2018. With close to 2.1 million sq ft of nett lettable retail space scheduled for completion in 2018, threats from e-commerce and changing consumer preferences, retailers are expected to still take a selective and measured approach towards expansion plans. Suburban malls that are located near major transport nodes, and supported by a strong captive residents’ market should maintain healthy occupancy.
“
2.1 million sq ft of upcoming nett lettable retail space in 2018
FRINGE AREA DOWNTOWN CORE ORCHARD REST OF CENTRAL AREA SUBURBAN
1,400
1,200
1,000
NETT LETTABLE RETAIL SPACE (’000 SQ FT)
RE TAIL
800
600
400
200
0
2018
2019
2020
2021
AVERAGE GROSS RENTS OF PRIME RETAIL SPACE FOR Q4 2017 Source: Knight Frank Research * Knight Frank revised its basket of prime retail spaces in Q1 2016. ** 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$30.70
S$35.30
S$29.20
S$24.70
S$28.80
Q-O-Q CHANGE
-0.4%
NO CHANGE
-1.9%
NO CHANGE
NO CHANGE
Y-O-Y CHANGE
-0.8%
0.8%
-5.6%
NO CHANGE
-0.1%
LOCATION
$ PER SQ FT PER MONTH
MARCH 2018 - JUNE 2018 • 7
OFFICE
“ Tenants are relocating to larger & more efficient floor plates
Generally, there has been a continued recovery of prime grade office rents with active leasing activity gathering pace. Notable Grade A office space take-up in the quarter include 56,000 square feet (sq ft) at Suntec Tower 5 by co-working space provider WeWork, and 73,000 sq ft at Duo Tower by multinational energy corporation Chevron.
The ‘flight to quality and efficiency’ supply-led demand for prime office space that was dominant in 2017 is expected to continue in 2018. Tenants are relocating to larger and more efficient floor plates to fulfil their evolving operational requirements, over less and / or scalable office space through various activity-based workplace solutions.
As a result of increased leasing activities, space availability for lease in most precincts saw a decline, with tenants from various industries signing up spaces in Q4 2017. Grade A+ office space rents saw an increase of 1.7% quarter-on-quarter (q-o-q) at Raffles Place / Marina Bay precinct in Q4 2017 with a fall in total space availability for lease by 1.5% q-o-q. Landlords of Grade A+ office buildings are gradually adjusting rents upwards in view of the limited new supply of prime offices coming on stream until 2020. Grade A office space rents increased across several precincts, with Suntec / Marina Centre precinct witnessing the highest growth by 1.7% q-o-q in Q4 2017. Grade A office space rents in Shenton Way / Robinson Road / Tanjong Pagar, City Hall and Orchard Road precincts also saw increases of 1.2% to 1.3% q-o-q.
The brighter economic prospects of Singapore in 2018, particularly with government and private sector initiatives driving growth in the new economy, is expected to increase demand for office space. For example, fintech hub Lattice80 has recently announced plans to conduct an initial coin offering (ICO) in 2018, which may catalyse a new segment of office space demand not seen in previous year. Notwithstanding that, demand sources are still likely to come from a broader base of industries such as professional services, with technology and co-working centres leading the demand.
SINGAPORE VIEW • 8
With lack of building completions, new office space supply will wane until 2020, and prime grade office rents are expected to rise in the near term. Prime office rents are expected to rise by at least 8.0% to 12.0% year-on-year by Q4 2018.
AVERAGE OFFICE RENTALS, BY KEY PRECINCTS IN Q4 2017 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
LOCATION
Gross Effective Monthly Rents ($ psf pm)
q-o-q % change
RAFFLES PLACE/ MARINA BAY GRADE A+
$9.30 - $9.80
1.7%
RAFFLES PLACE/ MARINA BAY GRADE A
$8.10 - $8.60
SHENTON WAY/ ROBINSON ROAD/ TANJONG PAGAR GRADE A MARINA CENTRE/ SUNTEC GRADE A
Availability of Office Space for lease (vacancy %) 9.6%
-1.5%
1.7%
4.5%
-1.6%
$7.70 - $8.30
1.7% 1.3%
2.9%
-1.6% -2.8%
$7.80 - $8.30
1.3% 1.7%
4.7%
-2.8% -1.9%
$8.00 - $8.50
1.7% 1.2%
1.8%
-1.9% 0.3%
$7.62 - $7.52
1.2% 1.3%
10.4%
0.3% 0.3%
$7.90 - $8.40
1.3% 1.2%
5.5%
0.3% -3.8%
1.7%
CITY HALL GRADE A
BUGIS GRADE A
ORCHARD GRADE A
q-o-q % change
-1.5%
1.2%
-3.8%
UPCOMING OFFICE SUPPLY (GROSS FLOOR AREA), AS AT Q4 2017 Source: URA, Knight Frank Research
MARINA BAY/ RAFFLES PLACE GRADE A+/A
SHENTON WAY/ ROBINSON ROAD/ TANJONG PAGAR GRADE A
179,500 sq ft
884,600 sq ft
SUNTEC/MARINA/ CITY HALL & REST OF CENTRAL GRADE A
ORCHARD GRADE A
270,400 sq ft
442,800 sq ft
270,400 sq ft
442,800 sq ft
2018 101,000 sq ft 2019 940,200 sq ft 2020 1,833,700 sq ft 2021
TOTAL
2,013,200 sq ft
1,925,500 sq ft
MARCH 2018 - JUNE 2018 • 9
IN DUSTRI AL The manufacturing sector continued to be the key engine of economic growth in fourth quarter of 2017, particularly the electronics and precision engineering clusters. The Singapore Purchasing Managers’ Index (PMI) expanded for the 16th consecutive month in December 2017 to 52.8, a slight dip of 0.1 from its high in November 2017. The PMI was above 52.0 in Q4 2017, with a faster rate of expansion in all key indicators. The local manufacturing sector saw a larger number of new orders coming in at a slower rate of expansion for stocks of finished goods. Based on Knight Frank’s basket of industrial properties, overall island-wide rents for conventional industrial space declined by 0.5% q-o-q to $1.97 per sq ft per month (psf pm) in Q4 2017 (Exhibit 1), mainly due to the decline in rentals in the Macpherson – Tai Seng – Defu cluster, Woodlands – Sembawang – Admiralty – Yishun cluster and Bukit Merah – Alexandra – Jalan Kilang – Pasir Panjang cluster. The Clementi – Toh Tuck – Bukit Batok
cluster reported the strongest appreciation in rents, with a 1.4% q-o-q increase to $1.42 psf pm in Q4 2017. Largest decline in rents was seen in the Macpherson – Tai Seng – Defu cluster during Q4 2017, with a decline of 1.8% q-o-q to $1.68 psf pm in Q4 2017 from $1.71 psf pm in Q3 2017, largely due to lower rental transactions reported from factory buildings like Trivex. Business Park rents remained unchanged for three quarters at $4.14 psf pm. The buoyant manufacturing outlook will continue to support demand for high- specification industrial spaces in the first two to three quarters of 2018. Following the ‘en bloc fever’ of mainly residential developments in 2017, construction demand is expected to increase with the construction sector possibly sourcing out more industrial production and warehousing spaces to meet the growing demand from upcoming new residential projects.
ISLAND-WIDE RENTAL AND PRICE FORECASTS FOR 2018, BY PROPERTY TYPES
Average rents
Average price for leasehold factory and warehouse units
Average price for freehold factory and warehouse units
-3.0% to 1.0%
-2.0% to -5.0%
1.0% to 3.0%
y-o-y
SINGAPORE VIEW • 10
y-o-y
y-o-y
“ Industrial production and warehousing spaces will be sourced to meet the growing demand from upcoming new residential projects
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 * Only rents of units on upper floors are included
Q3 2017
Q4 2017
Q-O-Q % CHANGE
S$1.33 S$1.31 -1.5% AVERAGE
S$1.83 S$1.82
-0.5%
-0.5%
S$1.40 S$1.42 1.4%
S$1.98 S$1.97
CLEMENTI TOH TUCK BUKIT BATOK PIONEER TUAS
S$1.71 S$1.68
WOODLANDS SEMBAWANG ADMIRALTY YISHUN
-1.8%
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$1.61 S$1.62
NO CHANGE
0.6%
S$4.14 S$4.14 NO CHANGE
S$2.83 S$2.79 -1.4%
S$2.17 S$2.18 0.5%
MARCH 2018 - JUNE 2018 • 11
ADVISORY SERVICES
ADVISORY SERVICES CONSULTANCY & R ESEAR CH 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
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 have earned us an extensive track record in consultancy projects.
FOR MORE INFORMATION, PLEASE CONTACT:
Alice Tan Director and Head, Consultancy & Research T: 6228 6833 E: alice.tan@sg.knightfrank.com SINGAPORE VIEW • 12
ADVISORY SERVICES
VALUATIO NS With a track record of 78 years in Singapore, Knight Frank’s Valuations 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 valuations 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. Knight Frank was recently appointed for the following: Mapletree Industrial Trust - Portfolio valuation comprising business park buildings, flatted factories, hi-tech buildings, stack-up/ramp-up buildings and light industrial buildings. Mapletree Commercial Trust - Valuation of Mapletree Business City 1, a large-scale integrated business hub and three other commercial buildings. Ascendas Real Estate Investment Trust - Valuation of six logistics buildings and 14 business park properties located in Changi Business Park and International Business Park. Ascendas Land (Singapore) Pte Ltd - Portfolio valuation for corporate reporting purposes. Far East Hospitality Trust - Valuation for acquisition of Oasis Hotel Downtown
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. FOR MORE INFORMATION, PLEASE CONTACT:
Low Kin Hon Deputy Group Managing Director & Head, Valuations T: 6228 6860 E: kinhon.low@sg.knightfrank.com Png Poh Soon Director, Valuations T: 6228 7393 E: pohsoon.png@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 13
AUCTION & SALES
AUCTION & SALES CA I RN H I LL ROAD A STUNNING MASTERPIECE The subject property is a rare 2.5-storey conservation terrace house located a stone’s throw away from Orchard Road. The interiors have been beautifully done up with high quality materials, yet carefully preserving the original character of the house. • • • • • •
Tenure : Freehold Land Area : Approx. 2,085 sq ft Gross Floor Area : Approx. 4700 sq ft Private garage and garden Walking distance to Newton MRT station and Orchard shopping belt Within 1km from Anglo-Chinese School (Junior), Chatsworth International School and EtonHouse International School
Guide price: $9.99 million
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
CAIRNHILL ROAD, D09
Owner sale
TH E SA I L @ M A RI N A BAY 6-STAR WATERFRONT LIVING LIFESTYLE Located in the new financial district of downtown Singapore, the subject property is a low floor unit with with partial bay views.
• • • • •
Tenure : 99-year Leasehold Floor Area : 1,259 sq ft 3-Bedroom Apartment Link to Downtown & Raffles Place MRT stations Selling vacant possession
Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com
6 MARINA BOULEVARD, D01 Owner sale SINGAPORE VIEW • 14
AUCTION & SALES
126 KOON SENG ROAD, D15 owner SALE
TI V OLI G R A N D E 3-BEDROOM PENTHOUSE Located in a quiet landed estate of the east, with easy access to major expressways to the Central Business District and airport. Just minutes away from malls like 112 Katong and Parkway Parade, enjoy the serenity of beachside living, along the nostalgic streets of Singapore's conserved shophouses. • • • • •
Tenure : Freehold Area : 1,528 sq ft 2-storey, split-levels 3-Bedroom Apartment Communal facilities with pool and BBQ pit
Guide price: $1.85 million
Gwen Lim (CEA Reg No: R027862B) 9199 2377 • 6228 7331 gwen.lim@sg.knightfrank.com
KOVA N GRA N DE UR 3-BEDROOM PENTHOUSE IN HOUGANG DISTRICT Located within the town of Hougang, in the north-east region of Singapore. A stone's throw away from a host of amenities, including Heartland mall and NEX shopping mall. Several schools are located within 2km from the development. • • • • •
Tenure : 99-year Leasehold Size : 1,389 sq ft 3-bedroom duplex penthouse Facilities include guard house, swimming pool, wading pool, fitness area, gym, playground & BBQ pit Walking distance to Kovan MRT station & Heartland Mall
Guide price: $1.22 million Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
118 TAMPINES ROAD, D19 mortgagee sale MARCH 2018 - JUNE 2018 • 15
AUCTION & SALES
166 SPRINGLEAF AVENUE, D26 mortgagee sale
D A LLA VA LE CLUSTER SEMI-DETACHED NESTLED IN A SERENE SETTING Dalla Vale is a freehold landed development situated along Springleaf Avenue, designed to resemble a modern tropical home with stylish, yet comfortable living. The property is well-served by eating places along Upper Thomson Road and Sembawang Road, as well as shopping malls such as Northpoint, Thomson Plaza and Sembawang Shopping Centre. Springleaf MRT Station (U/C) is just a stone’s throw away. • • • • •
Tenure : Freehold Area : Approx. 3,220 sq ft 4 Bedrooms + Guest room Private parking lots Facilities include 24-hour security, pools with jacuzzi, gymnasium, outdoor dining with a BBQ pavilion and a Clubhouse
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
H I LLSGROV E 3-STOREY CLUSTER SEMI-DETACHED WITH BASEMENT AND ATTIC A cluster semi-detached set in a quiet and exclusive residential landed estate with private swimming pool and two private car park lots. The subject property is only minutes’ walk to Kovan and Serangoon MRT stations, Heartland Mall and NEX. • • • • • •
Tenure : 999-year Leasehold Strata Floor Area : 4,715 sq ft (includes strata void of 926 sq ft) 5-Bedroom + Helper's Room T.O.P : 2013 Low density development with only 12 units of terraces & semi-detached BBQ pit and good size swimming pool
Tricia Tan (CEA Reg No: R021904I) 9387 9668 • 6228 7349 tricia.tan@sg.knightfrank.com
5 HILLSIDE DRIVE, D19 liquidator sale SINGAPORE VIEW • 16
AUCTION & SALES
WATTEN DRIVE, D11 OWNER SALE
WATTEN E S TAT E SEMI-D LIKE LIVING IN AN INTERMEDIATE TERRACE Watten Estate is a freehold, 2.5 storey terrace with lap pool, that has won many design awards in Singapore. Its excellent location places it within walking distance to Tan Kah Kee Station, and is within a 1km radius from good schools like Raffles Girls’ School, Nanyang Primary School, Hwa Chong, Nanyang Girls’ High School and National Junior College. • • • • •
Tenure : Freehold Land Area : Approx. 2,250 sq ft Built-up Area : 3,540 sq ft 4 Bedrooms + Family area Award winning design with a lap pool
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
BELMONT GOOD CLASS BUNGALOW NEAR HOLLAND VILLAGE 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. 16,327 sq ft Floor Area : 11,502 sq ft Good-sized swimming pool Parking available
Guide price: $22.3 million Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com Teddy Ng (CEA Reg No: R006630G) 9030 4603 • 6228 7326 teddy.ng@sg.knightfrank.com Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
5 BELMONT ROAD, D10 MORTGAGEE sale MARCH 2018 - JUNE 2018 • 17
AUCTION & SALES
40 HOLLAND DRIVE, D10 OWNER sale
H O LLA N D H D B SH O PH O U SE 2-STOREY HDB SHOPHOUSE WITH LIVING QUARTERS 40 Holland Drive is a 4-storey HDB commercial-cumresidential block, located off Commonwealth Avenue, approximately 5.02km from the city centre. It is situated within a HDB housing estate and surrounded by a few private residential developments, One-North business park, educational institutions and hospitals. The nearest MRT Stations are Holland Village, Buona Vista and Commonwealth MRT Stations. • • •
Tenure : 81-years Leasehold (wef 1993) Floor Area : Approx. 1,367 sq ft Sold subject to existing tenancy
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
BU K I T MERA H CEN TRA L H D B SH OPH O U SE 2-STOREY HDB SHOPHOUSE WITH LIVING QUARTERS The site is nestled in an estate comprising industrial buildings, HDB housing and a few private residential developments. Prominent landmarks include Bukit Merah Library, Bukit Merah Polyclinic and Henderson Industrial Park. Public transportation is easily available along Jalan Bukit and Bukit Merah Interchange, with close proximity to Redhill MRT Station. Its accessibility is also enhanced by its proximity to AYE. • • •
Tenure : 83-year Leasehold (wef 1996) Floor Area : 1,582 sq ft Currently occupied by a cafe
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
161 BUKIT MERAH CENTRAL, D03 OWNER sale SINGAPORE VIEW • 18
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
AUCTION & SALES
1 SHENTON WAY, D01 OWNER SALE
ONE S HE N T O N HIGH FLOOR 3-BEDROOM APARTMENT One Shenton is a luxury residence developed by City Developments Limited. Two exquisite towers rise 50 and 43 storeys respectively above an elegant podium. Situated at the heart of the Central Business District, it is within walking distance to Downtown MRT Station and Shenton Way MRT Station (U/C). Its connectivity is further enhanced by the neighbouring MCE, AYE and ECP. • • • •
Tenure : 99-years Leasehold Floor Area : Approx. 1,593 sq ft High floor, level 23 Full condominium facilities
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
EUH AB ITAT 2-STOREY TOWNHOUSE WITH ROOF TERRACE & BASEMENT A townhouse set in a modern and luxurious development that is designed to suit various residential needs. The townhouse has direct access to the pool, its own private parking space in the basement and a roof terrace with jacuzzi. There is also a lift in the house that serves all levels. Euhabitat is only a 10-minute walk to Ubi and Kaki Bukit MRT stations, and is also easily accessible via the PIE and KPE. • • • • • •
Tenure : 99-years Leasehold Floor Area : 3,380 sq ft 4 bedrooms Lift access to all levels Full condominium facilities Foreigners eligible
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
274 JALAN EUNOS, D14 ? sale MARCH 2018 - JUNE 2018 • 19
AUCTION & SALES
GEYLAND ROAD, D14 OWNER sale
G EYLA N G SH O PH O U SE 3-STOREY SHOPHOUSE WITHIN CONSERVATION AREA A 3-storey freehold shophouse within a conservation area off Lorong 12, the bustling street is within walking distance to Kallang and Aljunied MRT stations. Additionally, it is situated near hotels and eateries. • • • • • • • • •
Tenure : Freehold Size : 250 - 1066 sq ft 250A - 657 sqft 250B - 657 sqft Zoning : Commercial GST and ABSD applicable Sold subject to existing tenancy 3 strata titles Currently tenanted at $11,200 Facing main road Existing usage : Commercial/Residential
Sharon Lee (CEA Reg No: R027845B) 9686 4449 • 6228 6891 sharon.lee@sg.knightfrank.com
TOA PAYO H HDB SH OPH O U SE 2-STOREY HDB SHOPHOUSE WITH LIVING QUARTERS Situated within a neighbourhood centre with a coffeeshop, playground, food centre and wet market, the subject property is near Braddell MRT station and within walking distance to Toa Payoh MRT Station. Ample parking is available at the nearby multi-storey carpark. • • • • •
125 TOA PAYOH LORONG 2, D12 OWNER sale SINGAPORE VIEW • 20
Tenure : 75-year Leasehold (wef 1994) Floor Area : 1,302 sq ft Lower storey is partitioned into 2 shops To be sold subject to existing tenancy Good rental yield and no GST
Noelle Tan (CEA Reg No: R047713G) 9766 7797 • 6228 7380 noelle.tan@sg.knightfrank.com
INDUSTRIAL
INDUSTRIAL
Ng Ee Kiat (CEA Reg No: R002972Z) 9825 0900 • 6228 7334 eekiat.ng@sg.knightfrank.com Tan Boon Leong (CEA Reg No: R002918E) 9817 0009 • 6228 6894 boonleong.tan@sg.knightfrank.com
HONG AIK INDUSTRIAL BUILDING A 7-STOREY LIGHT INDUSTRIAL BUILDING WITH A BASEMENT CARPARK The property is strategically located along Kallang Avenue and is approximately a 1-minute drive from Lavender MRT station and Kallang MRT station. The subject property is easily accessible via the Pan-island Expressway (PIE), Kallang-Paya Lebar Expressway (KPE) and Nicoll Highway.
22 KALLANG AVENUE, D14 FOR sale
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Land Area : 18,686.13 sq ft Gross Floor Area : 68,932.98 sq ft Tenure : Freehold 2014 MP Zoning: Business 1 with Plot Ratio 2.5 Ceiling Height : 4.6 m every storey Floor Loading : From 19 kN/m2 Cargo Lift : 3 cargo lifts of which one is 3-tonnes & two are 2 tonnes
MARCH 2018 - JUNE 2018 • 21
INDUSTRIAL
20 CHIN BEE DRIVE, D22 for sale
20 CH I N BEE D RI VE A DETACHED SINGLE STOREY FACTORY WITH ANCILLARY OFFICE The property is strategically located off International Road at the western part of Singapore. The site is easily accessibility via major expressways, such as the PIE and AYE. • • • •
Tenure : JTC leasehold expiring 2035 Land Area : Approx. 73,976 sq ft Build-In Area : Approx. 50,358 sq ft 2014 Master Plan Zoning : Business 2 with 1.4 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z) 9825 0900 • 6228 7334 eekiat.ng@sg.knightfrank.com
21 FOU RTH CH I N BEE RO A D SINGLE-STOREY DETACHED FACTORY WITH ANCILLARY OFFICE The subject property is strategically located off International Road at the western part of Singapore. The site is easily accessible via major expressways such as the PIE and AYE. • • • •
21 FOURTH CHIN BEE ROAD, D22 FOR sale SINGAPORE VIEW • 22
Tenure : JTC Leasehold expiring 2035 Land Area : Approx. 165,274 sq ft Build-In Area : Approx. 123,806 sq ft 2014 Master Plan Zoning : Business 2 with 1.4 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z) 9825 0900 • 6228 7334 eekiat.ng@sg.knightfrank.com
INDUSTRIAL
24 THIRD CHIN BEE ROAD, D22 FOR sale
24 TH IR D CH IN BE E RO A D SINGLE STOREY SEMI-DETACHED FACTORY WITH ANCILLARY OFFICE The property is strategically located off International Road at the western part of Singapore. The site is easily accessibility via major expressways, such as the PIE and AYE. • • • • •
Tenure : JTC leasehold expiring 2040 Land Area : Approx. 53,279 sq ft Build-In Area : Approx. 22,983 sq ft 2014 Master Plan Zoning : Business 2 with 1.4 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z) 9825 0900 • 6228 7334 eekiat.ng@sg.knightfrank.com
2 JALAN T E RU S A N A PART 1/PART 3-STOREY DETACHED FACTORY WITH MEZZANINE LEVEL The subject property located along Jalan Terusan off Buroh Drive. It is 10 minutes’ drive from Jurong East MRT Station and easily accessible to other parts of Singapore via AYE and PIE. • • • •
Tenure : JTC leasehold 60 years (wef 1979) Site Area : Approx. 124,992 sq ft Gross Floor Area : Approx. 105,488 sq ft 2014 Master Plan Zoning : B2 with 2.5 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z) 9825 0900 • 6228 7334 eekiat.ng@sg.knightfrank.com
2 JALAN TERUSAN, D22 FOR SALE MARCH 2018 - JUNE 2018 • 23
INDUSTRIAL
11 TUAS SOUTH LINK 1, D22 for sale
SH I N E @ TU A S SOU TH PROPOSED MULTI-USER 6-STOREY RAMP-UP B2 INDUSTRIAL DEVELOPMENT The subject property is strategically located near the future Tuas Mega Port and maritime industry in western Singapore, and stands out with its distinct waveinspired design. It offers ample infrastructure spaces and facilities, allowing tenants to enhance the efficiency of their operations and capitalise on future connectivity plans between Singapore and Malaysia. • • • • •
Tenure : 60-year Leasehold (wef Jan 2015) Gross Floor Area : 553,264.46 sq ft Unit Sizes : 1,669.48 sq ft - 13,763.80 sq ft 2014 Master Plan Zoning : Business 2 Estimated TOP : Q1 2018
Gerald Quek (CEA Reg No: R002959B) 9047 7619 • 6100 6261 gerald.quek@sg.knightfrank.com
38 J A LA N BU RO H A 9-STOREY SINGLE RAMP-UP WAREHOUSE BUILDING WITH MEZZANINE The property is strategically located along Jalan Buroh, within an established industrial estate in the western part of Singapore. It is about 10 minutes’ drive from Lakeside MRT Station and is easily accessible via the AYE and PIE. • • • • •
38 JALAN BUROH, D22 FOR LEASE SINGAPORE VIEW • 24
Floor Area : Approx. 79,054 sq ft 2014 MP Zoning : Business 2 Floor to Floor Height: From 5.6 m – 13.6 m Floor Loading : From 10 kN/m2 – 20 kN/m2 Loading / Unloading : 14 loading/unloading bays with dock levellers per floor
Alvin Teng (CEA Reg No: R002950I) Gerald Quek (CEA Reg No: R002959B) 6100 0640 ind@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, Creative is close to daily amenities for the office population, public transportation and AYE and PIE arterial expressways. The building 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.
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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 • 6100 6261 gerald.quek@sg.knightfrank.com
25 L O YA N G C RE SC E N T A FULLY FITTED OFFICE, READY TO MOVE IN CONDITION The property is strategically located along Loyang Crescent in the eastern part of Singapore. It is walking distance to the nearest bus stop and is easily accessible via the TPE and PIE. • • • •
Available Space : Approx. 2,174.31 sq ft Availability : Immediate 2014 MP Zoning : Business 2 Inclusive of 1 meeting room, 1 store room and 1 pantry
Gerald Quek (CEA Reg No: R002959B) 9047 7619 • 6100 6261 gerald.quek@sg.knightfrank.com
25 LOYANG CRESCENT, D17 FOR LEASE MARCH 2018 - JUNE 2018 • 25
INDUSTRIAL
31 INTERNATIONAL BUSINESS PARK, D22 FOR LEASE
INDUSTRIAL
1 HARBOURFRONT PLACE, D04 for lease
H A RBOU RFRONT TO WER O N E A NICELY FITTED OFFICE SPACE The subject property is located in the HarbourFront CBD fringe precinct, close to daily amenities for the office population, public transportation and AYE and MCE arterial expressways. • • • •
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 • 6100 6261 gerald.quek@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 • 26
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 • 6100 6261 gerald.quek@sg.knightfrank.com
MAYFAIR GARDENS RIFLE RANGE ROAD, D21 sold
Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com Marvelle Wong (CEA Reg No: R055510C) 9753 5878 • 6228 7359 marvelle.wong@sg.knightfrank.com
REDEVELOPMENT LAND OFF BUKIT TIMAH Knight Frank is pleased to announce the sale of Mayfair Gardens, a 124unit residential development off Dunearn Road, to Citrine Property Pte Ltd, a subsidiary of Oxley Holdings, for SGD 311 million. Mayfair Gardens is a private residential estate comprising six residential walk-up blocks of 124 apartment units ranging from 100 sq m to 200 sq m, and has a site area of 19,368 sq m (approx. 208,475 sq ft). Nestled in a coveted residential area, the development is close to reputable schools and wide variety of amenities, and a mere 300 metre walk from King Albert Park MRT Station. The new development could potentially house 387 residential units, assuming 70 sq m on average given its desirable location. At the sale of SGD 311 million, the breakeven price for the new project is estimated at SGD 1,780 psf.
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Tenure : 99-year leasehold wef 08 Jul 1983 Site Area : Approx. 19,368 sq m / 208,475 sq ft Master Plan 2014 : Residential, with a plot ratio of 1.4
MARCH 2018 - JUNE 2018 • 27
INVESTMENT & CAPITAL MARKETS
INVESTMENT & CAPITAL MARKETS
INVESTMENT & CAPITAL MARKETS
GOODLUCK GARDEN TOH TUCK ROAD, D21 sold
FREEHOLD RESIDENTIAL REDEVELOPMENT WITH 300 METRES FRONTAGE Knight Frank is pleased to announce that Goodluck Garden, a 210unit residential development located off Toh Tuck Road, has been sold through a collective sale to the Qingjian Group of Companies for SGD 610 million. Goodluck Garden is a condominium comprising eight blocks with a total of 208 residential units and 2 commercial shops. The apartment sizes range from 95 sq m to 182 sq m, and the two shops are 30 sq m and 91 sq m respectively. The site is slightly elevated with a frontage of approximately 300 metres from Toh Tuck Road. Nestled in a coveted residential area, the development, which is within minutes’ walk from Beauty World MRT station, is close to reputable schools and wide variety of amenities.
Lennon Koh (CEA Reg No: R022673H) 9748 7400 • 6228 7327 lennon.koh@sg.knightfrank.com Marvelle Wong (CEA Reg No: R055510C) 9753 5878 • 6228 7359 marvelle.wong@sg.knightfrank.com
SINGAPORE VIEW • 28
Based on a potential Gross Floor Area (GFA) of 46,840.08 sq m, the sale price translates to a land price of approximately SGD 1,210 per square foot per plot ratio (psf ppr).
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Tenure : Freehold Site Area : Approx. 33,457.2 sq m / 360,130 sq ft Master Plan 2014: Residential, with a Gross Plot Ratio of 1.4
INVESTMENT & CAPITAL MARKETS
WINDY HEIGHTS JALAN DAUD, D14 for sale
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). Under the 2014 Master Plan, the site is zoned “Residential” with a Gross Plot Ratio of 2.1. The site is located 2 MRT stations away from the upcoming Paya Lebar Central and 15 minutes 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 Pan Island Expressway (PIE) and Changi Road enhances its accessibility to other parts of Singapore.
Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com Choo Wei Siong (CEA Reg No: R053701F) 9781 9557 • 6228 6892 weisiong.choo@sg.knightfrank.com
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. • • •
Tenure : Freehold Site Area : Approx. 23,291 sq m / 250,702 sq ft Master Plan 2014: Residential, with a Gross Plot Ratio of 2.1
MARCH 2018 - JUNE 2018 • 29
INVESTMENT & CAPITAL MARKETS
BOON TECK ROAD, D12 for sale
SU MM ER G REEN 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 approved 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. • • • •
Tenure : Freehold Site Area : Approx. 1,360.7 sq m / 14,646 sq ft Master Plan 2014 : Residential with plot ratio of 2.8
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
12 ON SH A N BRAND NEW SERVICED APARTMENT INVESTMENT OPPORTUNITY A brand new serviced apartment, 12onShan is 16-storey building comprising 78 serviced apartments, located in the bustling enclave of Novena. Facilities within the development include a swimming pool, indoor gym, garden terrace, communal roof terrace and BBQ area. The apartments offer great accessibility, with proximity to the medical hub in the Novena area and is approximately 550 metres from Novena MRT station. Major arterial roads and expressways such as the Central Expressway (CTE), Pan Island Expressway (PIE), Thomson Road and Balestier Road provide seamless connectivity to other parts of Singapore. • • •
Tenure : Freehold Site Area : Approx. 2,058.2 sq m / 22,154 sq ft Expected TOP : Q2 2018
Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com
SHAN ROAD, D12 FOR SALE SINGAPORE VIEW • 30
Karen Wan (CEA Reg No: R040821F) 9772 8042 • 6228 6809 karen.wan@sg.knightfrank.com
SYDNEY, AUSTRALIA FOR sale
INVESTMENT & CAPITAL MARKETS
T H E LA R M O N T BY LANCEMORE 5-STAR BOUTIQUE HOTEL IN POTTS POINT, SYDNEY The subject property is a 5-star boutique hotel comprising 103 rooms and suites, some with extensive private terraces. The hotel is located in the fashionable and sought after city fringe location of Potts Point, less than 1.5 km from the Sydney CBD. • • • •
103 rooms and suites, some with extensive private terraces Refurbished in 2017 by the renowned Hassel Studio, the boutique hotel features innovative design and bespoke amenities Facilities include gym access, a conference meeting room, a yoga and Pilates studio, inhouse restaurant and 12 car spaces Significant future value add potential
Ian Loh (CEA Reg No: R027865G) 8838 3288 • 6228 6823 ian.loh@sg.knightfrank.com Karen Wan (CEA Reg No: R040821F) 9772 8042 • 6228 6809 karen.wan@sg.knightfrank.com
E ASY T C E N T R E 100% LEASED CONVENIENCE BASED NEIGHBOURHOOD CENTRE Easy T Centre presents the opportunity to acquire a modern, fully leased 5,015 sq m convenience based neighbourhood centre and adjoining 865 sq m medical centre with a complimentary mix of medical based retailer. The assets are conveniently positioned to service the high growth in the main trade area coupled with solid tourism fundamentals • • • • •
For sale in one line or individual offerings 100% leased 5,015 sq m convenience based neighbourhood centre and adjoining 865 sq m medical centre Significant WALE : 5.49 years Total Site Area : 20,407 sq m Net income : $2,576,260 p.a
Karen Wan (CEA Reg No: R040821F) 9772 8042 • 6228 6809 karen.wan@sg.knightfrank.com James Wong (CEA Reg No: R017407Z) 9113 3113 • 6228 7345 james.wong@sg.knightfrank.com
GOLD COAST, AUSTRALIA FOR sale MARCH 2018 - JUNE 2018 • 31
INVESTMENT & CAPITAL MARKETS
LORONG 10 GEYLANG, D14 for sale
H O RN BI LL H O TEL 8-STOREY HOTEL The subject property is a 8-storey hotel comprising 35 rooms located at Lorong 10 Geylang, some 5 km from the city centre. The immediate vicinity comprises a mixture of shophouses, apartment blocks and hotels, with Kallang MRT station and Aljunied MRT station located nearby. • • • •
Tenure : Freehold Land Area : 281.6 sq m / 3,031 sq ft Gross Floor Area : Approx. 938.5 sq m / 10,102 sq ft Master Plan 2014 : Commercial / Institution with plot ratio of 2.8
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
MOH A MED SU LTA N ROA D PRIME SHOPHOUSE UNIT The subject property is a 3-storey refurbished conserved shophouse located along Mohamed Sultan Road, off River Valley Road and is within the River Valley Conservation Area. • • • • •
Tenure : 999-year leasehold Land Area : 221.3 sq m / 2,382 sq ft Gross Floor Area : Approx. 585 sq m / 6,300 sq ft Master Plan 2014: Residential with Commercial on 1st storey with gross plot ratio 3.8 Approval granted for 8-storey rear extension with basement for 8 apartments
Mary Sai (CEA Reg No: R027878I) 9388 7879 • 6228 6886 mary.sai@sg.knightfrank.com
MOHAMED SULTAN ROAD, D09 FOR SALE SINGAPORE VIEW • 32
James Wong (CEA Reg No: R017407Z) 9113 3113 • 6228 7345 james.wong@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 with 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
Tan Wan Ting (CEA Reg No : R056833G) 8522 5099 • 6228 7313 wanting.tan@sg.knightfrank.com Karen Tan (CEA Reg No : R004773F) 9022 8484 • 6228 7343 karen.tan@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 33
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.
HILLION MALL
SLA PROPERTIES 8 WINCHESTER
INCOME @ TAMPINES JUNCTION
VIVA BUSINESS PARK SINGAPORE VIEW • 34
NTUC INCOME PROPERTIES
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.
S A N T R ITZ
TH E TO PIARY
T HE B R O W NS T O NE
ROBERTSON 100 MARCH 2018 - JUNE 2018 • 35
LOCAL
RESIDENTIAL LOCAL PROJECTS Artist's Impression
Artist's Impression
PARK PLACE RESIDENCES AT PLQ PAYA LEBAR, D14 for sale Guide price : PRICE ON APPLICATION
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 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.
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com SINGAPORE VIEW • 36
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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
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 : 2-BR + study from Sgd 2,512,300
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 37
LOCAL
Artist's Impression
QUEENS PEAK DUNDEE ROAD, D03 for sale Guide price : 3-BR from Sgd 1,569,000
WHERE CONVENIENCE MEETS LUXURY Artist's Impression
Artist's Impression
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 425 sq ft - 4,778 sq ft Total units : 736 Developed by : HY Realty (Dundee) Pte Ltd Directly connected to Queenstown MRT station
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 38
LOCAL
Artist's Impression
Artist's Impression
ARTRA ALEXANDRA VIEW, D03 for sale Guide price : 2-br + study from sgd 1,554,200 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 ultimate convenience. 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
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 39
LOCAL
Artist's Impression
Artist's Impression
SKYSUITES @ ANSON ENGGOR STREET, D02 for sale Guide price : 3-br from sgd 2,315,070
FOR THE DISCERNING Skysuites@Anson is an iconic development that is reshaping the city skyline. Offering magnificent views of the Central Business District, Marina Bay and the upcoming new waterfront district, this stunning structure lights up the night sky charmingly with its gloriously illuminated sky terraces. • • • • •
Tenure : 99-year Leasehold 1 to 3-Bedroom Apartments 365 sq ft – 1,140 sq ft Total Units : 360 Developed by : Allgreen Properties Limited
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 40
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
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 41
LOCAL
Artist's Impression
STARLIGHT SUITE S 11 RIVER VALLEY CLOSE, D09 for sale
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.
price on application • • • • •
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
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 42
LOCAL
AMBER SKYE 8 AMBER ROAD, D15 for sale Guide price : 2-br from sgd 2,420,000
A NEW WAVE IN LUXURY LIVING BECKONS The magnificent allure of oceania living is encapsulated in one private residential beacon in the east - Amber Skye. The 22-storey freehold condominium is located in Singapore’s prime district, Amber Road, and is surrounded by prestigious local and international schools with easy access to major expressways and the upcoming Amber MRT station. Luxury living awaits you at Amber Skye.
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Tenure : Freehold 1 to 3-Bedroom Apartments, Grandeur, Grand Villas & Penthouses 527 sq ft - 5,177 sq ft Total Units : 109 Developed by : CS Land Pte Ltd
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 43
LOCAL
YISHUN STREET 51, D27 for sale 3-BR premium from Sgd 883,100 Artist's Impression
TH E CRI TERI ON SIX THEMED HAUSES FOR EVERY LIFESTYLE From the tasteful architecture, extensive landscaping and comprehensive facilities to the refined interiors and premium fittings, you will find that The Criterion – a luxurious executive condominium – has indeed raised the bar in every aspect. An extensive network of public transportation and new roads link everything together to make commuting a breeze. Selected units get to enjoy the serene views of Lower Seletar Reservoir and the swimming pool. • • • • • • •
Tenure : 99-year Leasehold 2 to 5-Bedroom Apartments Total Units : 505 Size : 700 sq ft - 1,378 sq ft First EC equipped with Panasonic air conditioners with built-in nanoe-G airpurifying system Expected TOP : Q1 2018 Developed by : City Developments Limited
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
REI G N WOOD H A MI LTO N SCO TTS 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
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
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
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com MARCH 2018 - JUNE 2018 • 45
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
SINGAPORE VIEW • 46
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 connection are another important feature, CALEDONIAN Road tube station is only 4 minutes’ walk away, and from there, you can reach Leicester Square in 10 minutes. 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
INTERNATIONAL
CHELS EA 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
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 47
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 • 48
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 the 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. Living here, you can create your own work life balance. • • • • • •
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
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 49
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 amenity for residents and their guests. A fully equipped gym, yoga deck, residents lounge, covered BBQ area and pool means life here is how it should 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 • 50
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
INTERNATIONAL
200 EAST 21 S T STREET GRAMERCY PARK, NEW YORK, USA FOR SALE Guide Price : USd 1,445,000
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
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
MARCH 2018 - JUNE 2018 • 51
INTERNATIONAL
1 25 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
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
SINGAPORE VIEW • 52
FINANCIAL DISTRICT, MANHATTAN, NEW YORK, USA FOR SALE GUIDE PRICE : USD 1,275,000 onwards
LOWER EAST SIDE, MANHATTAN, NEW YORK, USA FOR SALE Guide Price : USd 1,600,000 onwards
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
INTERNATIONAL
242 BROOME
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
MARCH 2018 - JUNE 2018 • 53
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
SINGAPORE VIEW • 54
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
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.
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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
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 55
INTERNATIONAL
NO. 1 CHARLOTTENBURG
INTERNATIONAL
WOHNPANORAMA URBAN LIVING WITH A PANORAMIC VIEW OVERLOOKING THE GREENERY OF PARK AM GLEISDREIECK It is the last opportunity to own a park frontage condominium in this kind of quality. In the area around Wohnpanorama more than elsewhere, Berlin presents itself exactly the way we like it: colourful, diverse, and never a dull moment. Bars, cafés and restaurants both convivial and trendy, fantastic event locations. And with the Park am Gleisdreieck, whose parklands extend over more than 30 hectares, you have one of the city's loveliest and most versatile urban recreational areas right at your doorstep. • • • • • •
Tenure : Freehold 1 to 4-Bedrooms Apartments Built Up Area: 41.8 sq m onwards Total Units : 92 Apartments + 8 Townhouses Estimated Completion Date : Q4 2020 Developer : Klarbau GmBH & Co. KG
SINGAPORE VIEW • 56
KREUZBERG, BERLIN, GERMANY FOR SALE Guide Price : EU 273,528 onwards
Louisa Yap (CEA Reg No: R031229D) 8522 7520 louisa.yap@sg.knightfrank.com
INTERNATIONAL
AM HOCHMEISTERPLATZ CHARLOTTENBURG, BERLIN, GERMANY FOR SALE GUIDE PRICE : EU 498,000 onwards
AM HOCHMEISTERPLATZ IS A TOP-CLASS ADDRESS WHICH OFFERS YOU MORE THAN LIVING IN ONE OF THE PRIME LOCATIONS IN BERLIN Its thriving economy and high quality of life is what has propelled Berlin to become Europe’s leading real estate investment metropolis. The ambitious goal of Finest Living is to pay homage to this unique building at a central location. Am Hochmeisterplatz is a place where established values and cultured style combine to form the perfect homage to class and exclusivity. Facing south, the building allows expansive views across the green oasis of the park at its feet, all the way across to the church. • • • • • •
Tenure : Freehold 1 to 3-Bedrooms Apartments Built Up Area : 58 sq m onwards Total Units : 114 Estimated Completion Date : Q1 2020 Developer : Bauwert Group
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 57
INTERNATIONAL
UPSIDE BERLIN FRIEDRICHSHAIN, BERLIN, GERMANY FOR SALE GUIDE PRICE : EU 375,000 onwards
NEW HIGH-RISE LIVING IN BERLIN WITH UNOBSTRUCTED VIEWS OF THE RIVER SPREE It is time to take things to the next level. Located at a neighbourhood that offers both diversity and inspiration with connectivity to the city's most exciting destinations, UPSIDE BERLIN is an outstanding landmark in a vibrant area located directly next to Berlin’s world-famous East Side Gallery. In addition to spaces dedicated to a diverse mix of uses, Upside Max Tower primarily offers exclusive residential units across 22 floors, with most enjoying an unobstructed view of the river Spree. The combination of expansive, prestigious communal areas, a rooftop terrace and concierge service generates attractive added value, boosting overall residential quality. • • • • • •
Tenure : Freehold 1 to 4-Bedrooms Apartments Built Up Area : 60 sq m onwards Total Units : 179 Estimated Completion Date : Q4 2020 - 2021 Developer : Mikare Real Estate GmBH
SINGAPORE VIEW • 58
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
MARCH 2018 - JUNE 2018 • 59
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 • 60
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
Linda Chern (CEA Reg No: R030706A) 8228 8836 linda.chern@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 61
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
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 62
8 @ N A P IE R 8 NAPIER ROAD, D09 for lease ASKING RENT : from sGD 12,500 *selected units and subject to changes
LEASING
RESIDENTIAL LEA SING
A freehold development with luxurious accommodation in a 3-bedroom apartment. Excellent location close to the prestigious Nassim area amongst embassies, and located beside Gleneagles Hospital with top-notch specialist clinics. Within walking distance to the UNESCO heritage and world-famous Singapore Botanical Gardens, the popular Dempsey Hill area, and Tanglin Mall. Includes a private lift, fitted with high-end Gaggenau kitchen appliances, bespoke fixtures and fittings. • • • • •
Tenure : Freehold 3-Bedroom Apartment 2,013 sq ft Partially Furnished Available Immediately
Eric Liew (CEA Reg No: R021280Z) 9824 9966 eric.liew@sg.knightfrank.com Teddy Ng (CEA Reg No: R006630G) 9030 4603 teddy.ng@sg.knightfrank.com MARCH 2018 - JUNE 2018 • 63
RETAIL
RETAIL
TEKKA PLACE THE GATEWAY TO AN ECLECTIC EXPERIENCE The redevelopment of 2 Serangoon Road commenced in mid-2017 and is expected to be completed in the 2nd half of 2019. When operations commence, this gem situated at the most strategic location in Little India will captivate a completely fresh and new audience with its rejuvenated modern architecture, interior design and trade mix. The building is wellserved by three MRT stations – Rochor, Little India, and Jalan Besar MRT Stations – and the major expressways.
2 SERANGOON ROAD
Embracing the rich heritage of one of Singapore’s most vibrant precincts that is Little India, the development will incorporate cultural elements, weaving together tradition and modernity to capture the dynamism of the area. Besides shopping and dining, visitors will experience firsthand the flavours and beats of the vicinity, at the outdoor landscaped and cultural spaces of the rejuvenated roof top at the Annex Block. The shopping mall will have a net lettable area of approximately 70,000 square feet. The trade mix plan consists of a supermarket, food hall, fitness centre, restaurants at the roof top of the Annex Block and an exciting array of curated casual dining concepts. At the Main Block, Citadines Rochor Singapore will house 320 units of serviced apartments. Knight Frank is the Retail Consultant and Sole Marketing Agent for 2 Serangoon Road.
SINGAPORE VIEW • 64
Sara Ching (CEA Reg No: R041084I) 9003 8066 • 6228 6846 sara.ching@sg.knightfrank.com
H AP P Y FIS H SW I M S CH O O L Happy Fish began with one swimming instructor, carrying a dream to introduce efficacious swimming lessons so as to take a step towards reducing deaths due to drowning. They are now a 300-strong team, working towards the next step of branching out to 10 countries in Asia so more people have a chance to swim. Eventually, Happy Fish also hopes to build their first sports school. They offer swimming lessons for people of all ages and standards. Happy Fish’s mission is to equip everyone with swimming skills. They believe that every person has the innate ability to swim – which is why they are one of the few schools who accepts infants as young as 4 months old.
Fauzul Darke (CEA Reg No: R012602D) 8254 3954 • 6228 7336 fauzul.darke@sg.knightfrank.com
MY KA M P U N G My Kampung is located at level one, in the center of Heartbeat@Bedok, Kampong Chai Chee Community Centre. It houses an array of food stalls that serves honest and fuss-free local and international cuisines. My Kampung is a dining spot where friends and families can enjoy a simple meal or hearty feast, all in a casual and comfortable setting without hurting the wallet. With the wide variety of food selections such as chicken rice, mala hot pot, Japanese cuisine and more, My Kampung fills not only the hungry stomachs of visitors who have just finished their workout in the sports centre but also provides something to hit the spot for the 250,000 residents around the area, the pickiest eater included. The Chicken Rice stall in the food court is the main highlight and is often the answer to a simple and satisfying meal for indecisive diners. The homemade chilli perfectly marries the extremely fragrant and plump grains of the chicken rice with their steamed, roasted chicken and slightly charred home-made char siew. My Kampung is currently working with MUIS and is expected to obtain Halal certification by early March 2018.
Irene Siah (CEA Reg No: R045649J) 9768 6812 • 6228 7332 irene.siah@sg.knightfrank.com
HEARTBEAT@BEDOK, KAMPONG CHAI CHEE COMMUNITY CENTRE MARCH 2018 - JUNE 2018 • 65
RETAIL
750A CHAI CHEE ROAD, VIVA BUSINESS PARK #01-03, 2 JURONG GATEWAY ROAD, #01-05 TO 08, #01-15
LOCALLY EXPERT, GLOBALLY CONNECTED.
United Kingdom
The Americas 15 Countries Argentina / Brazil /Canada / Chile Colombia/ Costa Rica Dominican Republic Mexico / Peru Puerto Rico / The Caribbean (4) USA
85 2,145 OFFICES
PEOPLE
169 5,475 OFFICES
PEOPLE
23 700 OFFICES
PEOPLE
Africa 10 Countries Botswana / Kenya / Malawi / Nigeria Rwanda / South Africa Tanzania Uganda / Zambia / Zimbabwe
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 SINGAPORE VIEW • 66
418 OFFICES Continental Europe
60 COUNTRIES
16 Countries Austria / Belgium / Cyprus Czech Republic / France Germany / Ireland / Italy / Monaco The Netherlands / Poland / Portugal Romania / Russia / Spain Switzerland
80 1,035 OFFICES
PEOPLE PEOPLE
3 50
OFFICES
PEOPLE
58 5,615 OFFICES
PEOPLE
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14 Countries
The Kingdom of Saudi Arabia The United Arab Emirates
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For enquiries, please contact us at KnightFrank.com.sg/contact Disclaimer: 1. The information in this magazine was provided to Knight Frank by vendors of the respective properties, and accordingly Knight Frank cannot guarantee its accuracy. Knight Frank has not undertaken an independent review of the information and prospective purchasers should make their own enquiries to satisfy themselves as to the accuracy of the information. 2. The photographs contained in this magazine show only certain parts of the respective properties as they appear at the time they were taken. Any computer-generated or digitally enhanced images give only an indication as to how the property may look. Areas, measurements and distances given are approximate only. 3. Price guides may be subject to currency fluctuations. Any currency conversions are approximate at the time of printing.
MARCH 2018 - JUNE 2018 • 67
KnightFrank.com.sg SINGAPORE VIEW • 68