The Hill @One-North ebrochure

PropNex Realty has brokered the sale of a freehold home located in Clifton Vale in the Braddell Heights estate for $19 million. As per a press release issued by the agency, the purchaser was ABN Holding, a local developer.

The Hill @One-North ebrochure is expected to house 140 units of exquisite residences and spacious commercial spaces.

The bungalow, which is single-story, is situated on a 15,705 square foot lot, so the price is roughly $1,210 per square foot on the land. The property was put up for sale in the month of December 2022, with a price guide at $23 million. That tender closed on January 18.

The property is located near to Lorong Chuan MRT Station on the Circle Line, and it is just 1km to St Gabriel’s Primary School and Yangzheng Primary School. Other schools nearby comprise Cedar Primary, Maris Stella High School, Kuo Chuan Presbyterian Primary School, as well as St Andrew’s Junior School.

“The Braddell Heights estate is an exclusive residential area that is well-loved with home buyers due to its exclusivity and peaceful living conditions. Particularly, homes located in Clifton Vale are rarely put up for sale,” says Henry Benjamin Lim who is the head of high quality bungalows and prestige homes at PropNex.

The new owner may “sub-divide and develop the freehold land into three separate homes” subject to the approval of. Because this site sits on a hill, the new property could enjoy panoramic views over the land estate.

“Landed private residences continue rank among the highest sought-after property properties in Singapore because of their limited availability and exclusivity, as well as the prestige. They are also considered to be freehold properties are also believed as an excellent storage space,” says Lim. “Given the constant market for such properties We anticipate the prices of landed homes to remain robust this year.”

The Hill @One-North floor plan pdf

A basement restaurant at Peninsula Plaza, located at the address 111 North Bridge Road, is being offered for sale for $13 million. The property is offered to the public through the expression of interest process by the agent for marketing, JLL. The price for the indicative estimate is to $3,019 per square foot.

The Hill @One-North floor plan pdf shows the magnificent The Hill @One-North condo is also perfect for family-oriented occupants due to its close proximity to various elite schools such as Fair Methodist School.

Peninsula Plaza is an 999-year leasehold mixed use development which consists of a 30-storey commercial block, which is split by a 25-storey offices area as well as a five-storey retail platform and basement.

The basement of 4,306 square feet unit is currently being leased to the owner of a Burmese restaurant. According to JLL the restaurant renewed its lease recently for the entire building. The building also has prominent frontage and direct access to the escalator from the street at the level.

“We believe that the restaurant unit to draw the attention of local investors, wealthy individuals family offices, and owner-occupiers due to the limited availability of properties that have solid rental income, and high potential for capital upside” Says Terry Wong, senior director of capital markets at JLL.

The auction for this property is due to close on March 10,

The Hill @One-North launch price

Global consulting company CBRE has been appointed by CBRE Kelvin Chan as the head of capital markets in China.

The Hill @One-North launch price with mixed development site is expected to house 140 units of exquisite residences and spacious commercial spaces.

Chan is a seasoned industry professional who has over 20 years’ worth of real estate commercial transactions across Asia. He focuses on investment, asset management as well as capital management, risk management, and managing funds for China. China market.

Chan will be located at Shanghai and will be in charge of the team of 50 professionals in capital markets in CBRE China.

“(He) is a specialist with a thorough understanding of the region’s property market, and has established client relations. His experience and expertise will assist in driving the expansion of CBRE’s capabilities in China and across Asia along with our executives throughout Asia,” declares Alan Li, China president for CBRE.

The Hill @One-North showroom

On December 20, 2022 Hongkong-listed Link REIT signed a deal to acquire two Singapore shopping malls — Jurong Point and Swing By Thomson Plaza — from NTUC unit Mercatus Co-operative for $2.16 billion. The price of the purchase is an 6.1% discount to the total worth which was $2.3 billion for the two properties on December 28th 2022.

The Hill @One-North showroom located in the friendly neighbourhood of one-north in Singapore, The Hill @One-North property is a perfect home for people looking for an oasis away from the fast-paced city life.

This month Goldin Financial Global Centre (GFGC) -an 28-storey Grade-A office building located in Kowloon East, Hong Kong was sold for HK$5.6 billion ($947 million) to a 50/50 joint venture with PAG of Singapore’s Mapletree Investments and Hong Kong investment company PAG. This is the culmination of a legal battle that lasted over two and a half years, between the conglomerate in distress Goldin Financial Holdings, which Hong Kong property tycoon Pan Sutong manages.

Receivers took over the former headquarters of Goldin Financial in July 2020 when the company failed to pay its debts. There were several failed sales attempts and the HK$14.3 billion deal that was announced in September of 2020. The deal was later cancelled.

These deals are the latest instances of Asia Pacific (APAC) real property investors looking for distressed or discounted assets in the shift to more risk-taking strategies. According to property consulting firm CBRE’s 2023 Asia Pacific Investor Intentions Survey which was conducted in 2023, 31% of those surveyed are focused on opportunistic deals distressed assets, and non-performing loans, up from 26% the year prior. Additionally 60% of US$39.7 billion in funds generated by real estate funds focused on Asia Pacific in 2022 will be strategic strategies that are opportunistic — the most in the last decade.

The increasing demand for this strategy is a reaction to the current economic conditions, such as the increasing cost of financing and a moderate rate of yield growth that are reducing the value of the core strategies, according to CBRE. Greg Hyland, the consultancy’s director of capital markets for Asia Pacific, also points that investors remain cautious with regard to macroeconomic risks. He says “Despite good fundraising numbers however, the majority of investors are taking an cautious approach when they are looking for indications of yield growth and inflationary cycle of interest rates to slow down.”

The cautious expectation is likely to continue into 2023, underlying the wait-and-see attitude that investors have taken in the second part of 2022. Yet, Hyland expects investment activity in APAC to increase in the latter part of this calendar year. helped by improved clarity regarding the economic outlook and China’s opening.

Purchase intentions and the most sought-after asset classes
The survey is in line with Hyland’s optimistic outlook that most (93%) APAC institutional investors are expecting their real estate investments to grow or stay stable by 2023. The survey also revealed that high-net-worth families, individuals and private investors showed greater buying intent and a greater focus on core primary assets as well as potential deals.

The company says that manufacturing and logistic are the top desired assets that are being followed by residential and office. “While there’s a decline in interest in offices largely because of concerns over the current rate of yields however, the study shows that the majority of investors opt for offices as their primary option,” adds Henry Chin the CBRE’s global head of thought leadership and research for Asia Pacific for CBRE.

CBRE expects that top-quality premium offices located in CBDs across APAC will be sought-after due to the limited supply of space and the high demand from corporates who want better quality office space. Chin states that investors are showing more desire to invest in residential properties specifically in multifamily properties and those built-to-rent.

However the retail and hotels are still seeing less interest from investors due to the current market turmoil. CBRE claims that the less interest is a reason for more cautious prices for assets in retail with more than 60% of respondents expecting to get discounts for malls, shopping centres and high-street shops.

Just 5% of respondents to the survey stated that they would like to invest into alternative investments. However, among those who did, CBRE says that healthcare-related properties which include medical offices and life sciences — have taken over data centers as the leading option for investors. The demand for data centres slowed this year, due mainly to the properties with high carbon emissions due to their massive consumption, according to.

Top investment destinations
As for APAC investments, Tokyo came out as the most popular city to invest cross-border for the fourth year in a row as Singapore came in second. Both countries continue to be the top choice for both investors looking to invest in value and core with solid market fundamentals.

In Southeast Asia, Vietnam’s Ho Chi Minh City was placed third, and the capital city of Vietnam Hanoi is also among into the top 10. CBRE declares it believes that Vietnam continues to reap the benefits of being a China plus One destination, which has prompted an interest from investors who are looking for bargains that add value and are opportunistic in this sector.

The firm also claims Hong Kong has ranked within the top five investment destinations for the first time since the year 2020. Since the reopening of the frontier between China mainland China and more realistic valuations, investors are once again finding Hong Kong attractive, adds the report.

The Hill @One-North site map

GuocoLand has announced an increase of 46% year-over-year increase in revenue for 1HFY2023 that ended December 2022 due to the higher all-around contributions from its investment, development and hotel operations.

The earnings for the same period fell 12% from a year ago at $59million. If the one-time disposal gain of $14.3 million recorded in the previous period’s 1HFY2022 had not been accounted for, GuocoLand would have reported an increase in earnings in the range of 11%.

The Hill @One-North site map located in the friendly neighbourhood of one-north in Singapore, The Hill @One-North property is a perfect home for people looking for an oasis away from the fast-paced city life.

The company is seeking to increase the percentage of its profits from investment income , which is more frequent in the nature.

At present, development remains the primary driver for earnings and accounted for to 83% of the total revenue, or $550.4 million, of GuocoLand’s total revenue in 1HFY203.

The GuocoLand luxurious Wallich Residence development Wallich Residence has sold 96% of the 181 units it has.

Meyer Mansion, the freehold luxury development which is scheduled to be completed by 2024, has the home of 96% sold. The project consists in excess of 200 apartments.

Midtown Modern, which is a luxury development with 558 units is 85% sold. Midtown Bay, an apartment development of 219 units has at 44% sold.

The Avenir Avenir, an initiative of a joint venture that is 90% sold. The co-owners of the joint venture include Hong Leong Holdings, GuocoLand and Hong Realty (Private). The project includes 376 units.

The company claims to have a an impressive pipeline of projects. Lentor Modern that was released in September it has sold 521 of 605 units.

The Lentor Hills Residences which has 598 homes, is expected to open in the first quarter of the year. This joint venture venture with Hong Leong Holdings, GuocoLand and TID.

The company also reported higher revenues from its investment division also which was responsible for 11% of revenue which is $74.8 million, while contributing it accounted for 35% of the profits.

GuocoLand says this is due to the greater rental income from Guoco Tower as well as Guoco Tower and Guoco Changfeng City South Tower in Shanghai.

Cheng claims that it will work to expand its reputation as an agent for real estate on multiple platforms.

Guoco Midtown, an integrated mixed-use project in Singapore’s Central Business District with 709,000 square feet in office spaces, has been scheduled in full operation by 2023.

Guoco Tower, situated just above the Tanjong Pagar MRT station, had positive rental Reversions. At the end of December the occupancy rate (including contracts that were pre-approved) at Guoco Tower’s office and retail units remained at around 100%.

Other investment properties producing recurring incomes include the 20 Collyer Quay that is 95% in use as of December 31 2022.

Guoco’s South Tower, which has had an ninety-one% occupancy rate for office. The retail portion is let to the master tenant.

“China’s ease in controls on pandemics, along with assistance measures introduced by the government, will likely result in an improvement in confidence in businesses and in the real estate industry moving forward,” says GuocoLand.

GuocoLand who manages GuocoLand, which owns the Sofitel Singapore City Centre hotel and the Sofitel Singapore City Centre hotel, has reported higher profits from this particular segment too the revenue has increased threefold to $35.3 million.

Cheng Hsing Yao, CEO of GuocoLand Cheng Hsing Yao, GuocoLand’s CEO, says the real estate sector has had to face numerous problems, from supply chain issuesto the shortage of labor, inflation and increasing costs.

“Despite the numerous headwinds, GuocoLand has been able to grow the amount of money we earn and provide a solid performance to our shareholders” the CEO says.

“Sales for our residence developments continue to be strong, as is the revenue generated from our Offices of Grade A has risen in a steady manner over the years, as we witness an increasing trend towards “flight to top quality” by the top international and regional firms expanding and even as they adopt the hybrid workplace,” adds Cheng.

The Hill @One-North contractor

The Building and Construction Authority (BCA) believes that construction demand will “remain solid” by 2023. According to a news release BCA projects worth of the construction contract this year to range between $27 billion and $32 billion. This is in line with the projections from last year.

The Hill @One-North contractor had garnered a total of 10 bids due to its prime location in a serene environment.

BCA has also highlighted that demand for construction in 2022 was $29.8 billion Based on preliminary data. This figure is within the BCA’s forecast range for 2022 between $27 billion and $32 billion. It is also similar to the $29.9 billion reported in 2021. The steady demand was mostly fueled by infrastructure and residential developments that are both private and public sectors.

The construction market in the public sector amounted to $17.9 billion in 2017 and was slightly higher than the $17.8 billion in 2021. Demand was fueled by large projects like the Cross Island MRT Line (Phase 1), Jurong Region MRT Line as well as the Ministry of Healthcare’s (MOH) healthcare facilities , and new Build-to-Order (BTO) facilities.

Demand for construction in the private sector decreased by $12.1 billion by 2021 and $11.9 billion by 2022 in the face of “various economic risks” but the demand for residential and industrial construction projects was resilient, as per BCA.

In 2023, the public sector contracts are predicted to account for around 60% of the construction demand which is estimated to be between $16 billion to $29 billion. The demand from the public sector is supported by an increase in the availability of Build-to-Order flats offered by HDB and the construction of institutional and industrial structures like water treatment facilities as well as educational facilities and community clubs. Additionally the demand for civil engineering construction is expected to remain buoyed due to MRT line construction as well as other infrastructure work.

Construction demand in the private sector is expected to be between $11 billion to $13 billion in 2023. Both industrial and residential construction demand are anticipated to be comparable to the previous year’s levels. Commercial construction demand is expected to grow, which is aided by the change in schedules of certain projects between 2022 and 2023 and the renovation of commercial buildings.

In addition, the total nominal construction output, dependent on the amount of the certified progress payments is expected to rise from $30 billion to $33 billion by 2023, just a little higher than the $30.2 billion recorded in 2022, based on preliminary data. BCA says this is due to a steady increase in construction-related demand, as well as a bit of backlog of workloads that were affected by the Covid-19 epidemic from the year 2020.

Over the long period, BCA expects total construction demand to rise between $25 billion to $32 billion annually from 2024 until 2027. The demand from the public sector is expected to range between $14 billion and $18 billion annually and the demand from private sectors is predicted to range from $11 billion to $14 billion annually. The projection does not include projects like the Changi Airport Terminal 5 development as well as the associated infrastructure projects and also an expansion to two resorts that are integrated, because of the absence of certain details, like award dates and construction phasing for respective projects.

The Hill @One-North completion date

The least profitable resale deal that took place in the period from Dec 27, 2022 to January 3 was the purchase of a 3,283 sq . ft penthouse with three bedrooms located in Turquoise in Sentosa Cove. The property sold in the amount of $4.63 million ($1,410 per square foot) on December 27 the previous year. The unit was previously sold for $8.42 million ($2,564 per sqf) during November 2007. This means that the seller suffered the loss of $3.78 million profit (45%), which is equivalent to an annualized expense in the range of 3.9% over 15 years.

The Hill @One-North completion date is ideally positioned for living convenience regardless of age, race or nationality.

Note An previous version stated that the $3.78 million loss on Dec 27, 2022 at Turquoise included the sale of a penthouse with four bedrooms. However, the property which was sold is an apartment with three bedrooms. We regret the mistake.

This is the second least profitable to date in 99 year leasehold condominium. The most significant loss is the purchase of a 3,746 sq 5 ft penthouse with five bedrooms priced at $4.4 million ($1,175 per square foot) in September of this year. The property was previously bought at $9.53 million ($2,545 per sq ft) during November 2007. In the process, the seller was hit with record $5.13 million loss. This amounts to an annualized expense in the range of 6.8% over 10 years.

Turquoise is among a few 99-year leasehold condos located in Sentosa Cove. Sentosa Cove residential enclave. While the majority of condos, such as Seascape, Cape Royale, The Oceanfront @ Sentosa Cove, and The Coast @ Sentosa Cove offer views of the sea The majority of units at Turquoise as well as the neighboring Marina Collection have views of the marina.

On the other hand that most lucrative resale sale during the week-in-review included the purchase of 2,852 square foot four-bedroom apartment located at Nassim Mansion

in prime District 10. The property was sold for $9.28 million ($3,253 per square foot) on December 29 this year. The unit was purchased at $5.89 million ($2,068 per square foot) during May 2007. The seller came off with the $3.38 million gain (57%), which amounts to an annualized increase in the range of 2.9% over 15 1/2 years.

The sale also marks a record price for psf record for the development’s freehold and surpasses that previous mark set back in through selling a 3 412 sq . ft unit that cost $10.6 million ($3,107 per sq ft).

Nassim Mansion is located in an exclusive residential neighborhood that is near The Orchard Road shopping belt and the Singapore Botanic Gardens.

At least four resales in the Nassim Mansion last year, due to the match of URA conditions. Three of the transactions yielded profits, one of which was the sale on December 27. The two other deals involved the 2,852 square foot unit at $8.45 million ($2,962 per sq ft) that was sold on the 9th of March earning 87,000 in gain for the vendor as well as a 2,852 sq. feet unit that cost $8.19 million ($2,871 per sq ft) in June 27 generating the seller a $2.4 million gain for the vendor.

In the case of Fifth Avenue Condominium The selling of an 1,604 square feet, two-bedroom unit on December 28 of in the year prior was the second highest-profit deal of the review period. The condo was purchased at $3.38 million ($2,107 per square foot). It was worth $1.05 million ($655 per square foot) at the end of May. The seller made an $2.33 million gain (222%), which amounts to an annualised increase in the range of 6.5% over 18 1/2 years.

Fifth Avenue Condominium is a freehold property located in District 10, which is the exclusive Bukit Timah neighbourFourth Avenue Residehood. The neighborhood has a lot of land housing estates. The luxury condos located in the area comprise Royalgreen as well as Fourth Avenue Residences as well as nearby commercial developments that are Guthrie House, Sixth Avenue Centre along with The Grandstand at Turf Club Road.

According to URA restrictions the sale of the property on Dec 28 in Fifth Avenue Condo is also the second highest-profit sale the development has made to date. It’s just short of the profit on cord of $2.69 million that was earned through an auction of 2,217 square feet unit for $4.19 million ($1,894 per square foot) on March 20, 2020. Prior to that, the unit was bought at $1.51 million ($681 per sq ft) during September of 2004. The result was an profit of 178% profit, which amounts to an annual increase that was 6.8% over 15 years.

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A shophouse that is a conservation site at 45 Club Street in the CBD is being offered for sale through an expression of Interest (EOI) exercise with an estimated value that is $28.8 million. The three-storey property features an open-air roof terrace, as well as an space of approximately 4,900 square feet. On the basis of the area built up the estimate works up to $5,878 per square foot.

The property is situated on an size of 2,529 sq feet which is classified as commercial and has a lease of 99 years. It is a separate structure with an 16.7m frontage on Club Street. It is located in Telok Ayer Conservation Area. Telok Ayer Conservation Area and is located within just a few minutes’ walk to The Chinatown, Telok Ayer and Maxwell MRT Stations.

Jeremy Lim, senior group director at Huttons Asia, notes that conservation shophouses that have leasehold tenures of freehold or 999 years are extremely sought-after by investors, particularly wealthy individuals. “These properties are seen as heritage assets, and they retain their value,” he says. Huttons Asia is the sole marketing agent for the property.

Aric Lim director of the group division of Huttons Asia, believes the property is perfect for many types of tenants, including established firms. “We see an increase in demand for these properties in MNCs, offices cosmetic practices, lawyers, and accounting firms since there are no restrictions on the hours of operation and maintenance,” he says.

Furthermore, Lee Sze Teck, Huttons Asia’s director of research explains that the property provides excellent transportation connectivity and is also near to Raffles Place as well as Tanjong Pagar Downtown Core. “Buyers might be able to reap future benefits as there are only a few standalone shops,” he adds.

The EOI process will end on the 29th of January at 3pm.

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A recently rebuilt semi-detached house in the Upper Bukit Timah-Beauty World neighbourhood of District 21 has all the trappings of a bungalow — from the terraced garden on every level of the three-storey house to a private lift, four en suite bedrooms with nature-inspired bathrooms, a car porch for three cars and a quarter-sized basketball court, a rooftop jacuzzi, gym and workspace-library-studio.

The property owners are a couple that purchased the property that was the 50-year-old double-storey semi-detached house that sits on the freehold site with an area of around 3,900 sq feet on August 17, 2017 $4.2 million according to caveats that were lodged. The trapezoid-shaped site was uninteresting when it first went on the market in the past five years. However, the couple noticed the site fascinating and decided to purchase the property.

They then enlisted Arthur Aw, executive director of the privately owned company that invests in and develops boutiques, Kimen Group, to undertake the design and development for the property. While other developers stayed back from the trapezoid site because of the slope downward, Aw saw it as an opportunity to convert an unorthodox piece of land into an extremely efficient and practical residence. “The site has the widest frontage in the neighborhood and is located at the top of the hill too,” says Aw, who clearly belongs to the”glass-half-full” mindset.

Surrounded by greenery
“This home is built on a “new urban kampong’ design in which the interiors are bright and well-ventilated and there is an area of greenery everywhere you look,” says Aw.

The area that was built up in the new home was increased to 9,000 square feet and covers 3 1/2 floors, which includes the street-level half-basement. The main gate to the house is open to the car patio that is able to accommodate three cars in the basketball court, as well as an area for maintenance work to be staged.

The main feature of the basement level is a high-ceiling, workspace-studio-library on the left and a staircase with a linear fern garden on the right. The fern garden extends across all the way through the home, and ends with an elongated green wall to the rear. There is also sunlight entering through the skylight.

The workspace-studio-library has four work cubicles — one for each family member — and serves as an “office space”. There is also the lounge area with a huge-format smart TV on the other side of the three-seater sofa. It’s perfect for presentations at work or film screenings after a long working day. There’s an additional library located on the mezzanine level that houses bookshelves as well as an oversized massage chair with an outdoor view. A table tennis table with a full size is used as a small-group gathering table or table as well as a wall that is also a storage area. The area was created to be a space for starting-ups that can accommodate at least six people.

“The spaces can serve many uses and were especially helpful during the outbreak during the time when many people worked at their homes,” says Aw.

First floor is the place where living area eating, kitchen, and guest rooms are located. The living room is situated in the front garden, which is surrounded by an urban farm-like back garden which is where blue peas, an array of papaya trees, vegetables and banana trees grow. A Piano and violin area on the first floor flows seamlessly between the dining and living areas and is used as a performing stage “for entertainment and entertainment” according to Aw.

Bathrooms inspired by nature
The second floor has been reserved for the family’s personal quarters which include an open-plan family room as well as four bedrooms with en suite bathrooms and the master suite. As with the first it is separated by a back and front garden.

The four bedrooms with en suite bathrooms on the second level feature the “mini Zen garden” in the bathroom. The idea was an inspiration from the Aw’s “kampong boy” memory. “I lived in Tampines at a time when it was predominantly pig farms. I was a fan of showering outdoors,” says Aw.

The family that lives there has taken to the idea of having nature-inspired bathrooms. After six months of moving in they discovered they noticed that “the plant life in their bathroom en suite are growing extremely well”.

The third floor houses the recreational and entertainment for the family areas. They have an exclusive exercise room, barbecue pit and a jacuzzi pool. There’s also a garden that homeowners have planted lady’s fingers, rosemary (okra) as well as pandan, the lemongrass and eggplant. “The vegetable garden and herb garden receives plenty of sunshine and will provide the family with food grown at home,” says Aw.

To make maintenance easier To make it easier to maintain, all the garden and planter boxes within the home are equipped with an irrigation system semi-automated where you can adjust how much water that is used can be adjusted with the smartphone app.

To ensure that the plants on all levels of the home get enough sunlight An open stairwell connecting the floor with the roof lets sunlight get in. “It offers a unobstructed view of both the outdoor and indoor gardens from any point within the home,” says Aw.

Sustainable living
The open stairwell can also serve to act as an air funnel which directs hot air towards the air-extractor fan located on the third floor in order to decrease the requirement of air-conditioning. The energy-efficient fans are throughout the house. The owners claim that they’ve never used air conditioning since moving into the.

The ceiling’s height for each floor is between 3.2m between 3.2m and 3.5m as well as all glass windows and doors have a floor-to-ceiling-height and are equipped with mosquito nets to maximize the amount of daylight and natural airflow. To reduce the requirement for artificial lighting in the daytime glass panels that are placed between the ceiling and wall allow natural light to enter the spaces between every floor. The entire roof is equipped by 26 solar panels significantly reducing the electrical consumption off the grid.

To combat the privacy issue The exterior of the house is covered by a perforated curtain. It operates on the principle that brightness is relative, which allows for ample sunlight and air while also providing the best privacy during the night. “During the daytime, the exterior that is brighter and visible from inside the home and not the reverse opposite way around,” says Aw. “At the night, blinds offer the required privacy. It’s like having an evening light.”

When Kimen was the project and development manager on the design, Aw collaborated with Jerry Lee and Anson Ho of LST Architects, interior designer Calvin Chua of Space Anatomy and Contractor Harry Tan of Shanghai Chong Kee and the landscape creator Li Jun Lek of Greendot Creations. “We are very close with interior and architectural designers as well as architects being directors for the company we have a direct involvement in all of our work,” he says.

It’s more simply an property construction project. The developer also considered how long term maintenance is needed for the property from the owner’s viewpoint. If a house is maintained in addition to the irrigation system that is used for plants, the mechanical and electrical systems, owners might have to repaint or repairs around the house. Therefore, the home has staging rods to Gondolas, which make it easier to do painting and maintenance.

Based on Aw, Kimen considers the following in assessing the diverse real estate projects: site potential, user lifestyle, sustainability of the environment Fine detailing, community spirit, revitalizing art and reinventing history.

“It’s about creating an exceptional worth for land, on a per square foot foundation,” says Aw. “We did not just increase the number of floors, we created practical, rectilinear spaces that have an ambiance of a bungalow on each level of the house.”

Construction and land costs are rising Today, construction costs and land prices are higher.
If a house-owner would decide to renovate and construct an identical property now, it’d be roughly $550-$650 per square foot for the total construction costs, which includes fittings and fixtures. The cost would range the range of $4.95 millions and $5.85 million. If the owner is looking for the flooring to be granite or marble as well as bathrooms with full marble, the price is estimated at $700-$750 per sq ft that is $6.3 million-$6.75 Million, Aw estimates.

This does not include land costs as he notes. Prices for land have increased too. In November the 49,633 square feet 99-year leasehold site located at Bukit Timah Link, which is near Beauty World MRT Station, was purchased to the tune of 200 million ($1,343 per plot ratio (psf)) in the name of Bukit Sembawang Estates. The value of this new project is $2,360 per sq ft, as calculated by EdgeProp’s Landlens analysis tool. The most recent sale of an unfinished semi-detached house located in the Beauty World-Upper Bukit Timah Road neighborhood is for the property located on freehold site that covers 2,698 square feet located at Tham Soong Avenue. The property was purchased in July 2022 for $7.2 million or $2,669 per square foot in relation to land size.

In addition to having an developer through its award-winning main condominium project which is the 130-unit Jervois Mansion, Kimen is also a property investor. Hilltop Capital — whose shareholders include Aw and Sons Capital and Aw Kim Cheng Realty, entities that are part of the Kimen Group — had bought the former Chinatown Hotel on Teck Lim Road which is located just off Keong Saik Road, for $31 million in 2017.

After being renovated and transforming it into the new 45-room Hotel Soloha The property was purchased to a buyer for $53.38 millions in the month of May, 2022. This represents the 72% capital appreciation. But, Hilltop Capital will continue running this hotel over the three years to come.

The company has Jervois Mansion, Hotel Soloha and the recently renovated semi-detached house located in Upper Bukit Timah under its under its belt, Aw wants to position Kimen as an expert in development management across all categories of property — from commercial and residential to industrial. (Find Singapore commercial properties by using our directory of commercial properties)

Aw was a 14-year resident at Ascendas Singbridge, where he was the last adviser and, before that, EVP (EVP) for special initiatives. He was the EVP of Bridge+ workspace solutions under CapitaLand. Before that, he was an entire decade with JTC Corp, where he was the director of land development and was also the deputy director of the one-north development group. Aw holds a doctorate from the highly regarded Architectural Association London and a vast network of contacts between interior designers and architects.

“We are hoping to collaborate with other asset or land owners and share our knowledge in identifying the most profitable potential for their site or property, whether it’s through renovation or redevelopment on an already existing property to make something of outstanding worth,” he says.

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The Institute of Real Estate and Urban Studies (IREUS) published The Singapore Residential Price Index (SRPI) for November, the month in which it was released. The flash estimates show that the National University of Singapore (NUS) SRPI overall value-weighted index growing by 0.3% from October to November 2022.

A sub-index of Central Region Central Region increased by 0.8% between October and November The sub-index for non-Central Region fell in 0.1% over the same time period. The sub-index for small units grew to 0.3% for the period.

The updated NUS SRPI global value-weighted index for the month of October 2022 has been adjusted in order to show an 0.4% decrease, smaller than the estimate for flash of 0.7% decline. The sub-index for Central Region was Central Region adjusted to fall 0.3%, less than its flash estimation for a 0.8% decline in October 2022.

The updated sub-index of the non-central region in October 2022 was slightly adjusted to reflect the 0.4% decrease, less than the flash estimation of 0.6%. 0.6% m-o-m decrease from the previous month. The sub-index for smaller units in the month of September 2022 had been adjusted in order to show an 0.3% decrease, less than the flash estimation of 0.6%. 0.6% decline.