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 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 Slim Barracks Rise price

A premium flexible workspace provider The Great Room has opened an all-new flagship location located in Cheung Kong Center in Hong Kong. The 21,000 sq ft co-working space is The Great Room’s second location in Hong Kong following One Taikoo Place.

The Hill @One-North Slim Barracks Rise price sold to Kingsford Development for S$162.388 million under the Government Land Sales (GLS). It had garnered a total of 10 bids due to its prime location in a serene environment.

“As travel is opening up again we’ve observed that there is a rising need for coworking spaces that offer open amenities throughout the region that offer an unbeatable experience. This is why it’s essential to The Great Room to provide more places to meet this growing demand.” says Jaelle Angie who is the co-founder and CEO at The Great Room.

The 45th floor is where it’s located The new co-working space features 22 offices that include two enterprise units along with the workhall, which includes office hotdesks, as well as hot desks. Facilities include in well-appointed meeting and event rooms including a nurse’s room with private phone booths as well as dedicated video conferencing and audio-visual equipment.

The Great Room is known for its service that is inspired by hospitality. The new location will offer an all-day barista who is available 24/7 and special drinks for customers.

Office memberships for dedicated offices start at $10,000 per desk per month. The city-wide hot desk membership starting from $3600 per month. In contrast, a virtual office membership is priced at around HK$900 per month.

The new office at Cheung Kong Center is the eightth location for the company in the Asia Pacific. Coworking operators say that it is planning to open two additional locations planned for opening in the next months. One of them will be a four-storey shophouse that is a conservation project in Singapore’s Chinatown region, and the second will be located situated in Park Silom in Bangkok, Thailand.

“In the post-Covid world there is no way back to what was before. It is vital for businesses to provide access to a work environment that is designed to facilitate efficiency, collaboration and more engagement.” says Ang.

The Hill @One-North showflat

Savills Singapore is marketing the sale of luxury apartments located in the East Building of Triptych Bankside in London.

Triptych Bankside is a GBP450 million ($736 million) mixed-use development, designed by internationally recognized architect Squire & Partners. The project is being designed in partnership with Central European real estate developer J&T Real Estate.

Target to launch in H2 2022, for official project details register for The Hill @One-North showflat appointment.

The whole development consists of two residential towers that span 14 and 18 stories as well as an 85,000 square foot office building as well as 29,000 square feet of wellness, retail, or cultural areas. The apartments available to be sold are located in The East Building which consists of 79 luxurious homes. Prices start at GBP995,000 for a one-bedroom unit.

The facilities available within Triptych Bankside include multiple private rooms, lounges with a private, 14-seat in-house cinema, 24-hour receptionist and concierge, as well as communal gardens.

The project is close to an art gallery of world class Tate Modern, the world-renowned theater Shakespeare’s Globe and the culinary Hotspot of Borough Market.

“Triptych Bankside’s unique façade is a reflection of an artwork placed against the London skyline. Since the start of the earlier phase at the Triptych Bankside location in Singapore we noticed that people’s desire for the property located in zone 1 is amplified because it is situated in the vicinity of prominent landmarks.” Says Jacqueline Wong the executive director of residential service of Savills Singapore.

In the first quarter of this year, the area has recorded around GBP150 million in residential sales.

“All 169 residences have private terraces with tranquil views which makes Triptych Bankside a desirable South Bank living space,” says Wong.

“As Triptych nears completion, buyers will be able to see the way Triptych will evolve with its gracefully designed homes set in a park. Buyers of all kinds are expressing their appreciation for the bigger-than-average homes with spacious living areas and bedrooms and all with outdoor space,” says Nina Coulter, UK board director, Savills.

The Hill @One-North at Slim Barracks Rise

Developer Qingjian Realty had intended to begin construction of its 105-unit privately-owned residential condominium The Arden in 1Q2022. The sales gallery located on the site located on Phoenix Road was completed early this year. But, as the year comes to an end, the events for the launch have yet be put into motion. Yen Chong the deputy general manager of Qingjian Realty confirms that the launch was delayed.

The Hill @One-North at Slim Barracks Rise is a perfect home for people looking for an oasis away from the fast-paced city life.

The reason for the delay is the approval to purchase of three adjacent remaining State land parcels located at Phoenix Road. “It is awaiting the approval of the authorities,” says Chong. “We are hoping to be granted it shortly.”

If contacted through EdgeProp Singapore, an Singapore Land Authorities (SLA) spokesperson would reply: “SLA is reviewing the request with the relevant agencies and will release the proposal as soon as it is possible.”

The amalgamation of remnant State properties with Private properties is not a new idea. Indeed, developers are encouraged to purchase these abandoned sites for an even-shape parcel.

Qingjian Realty purchased the former Phoenix Heights en bloc for $42.6 million at the time of the closing to the auction on the 25th of July 2019. The developer is also proceeding with the purchase of three remaining State land parcels that border the site.

The delay is due to the complexity of purchasing three remaining sites

The third of three remaining sites is a small piece of land that forms the boundary that forms part of the site on Choa Chu Kang Road. It is believed to be home to the reserve for drainage. The two remaining sites are located at the rear of the property and a rectangular site is believed to be home to an underground power station, while the second smaller square site is where the gas pipes that were used to service the units that were once part at Phoenix Heights are located (see EdgeProp Landlens).

A previous written authorization (WP) sent by URA on November 20, 2021 indicated that it was in the process of obtaining the abolition of two State land parcels located in lots MO10-01494M and the MK10-01654C.

Based on the revised WP which was submitted on March 1st 2022. The 105 unit residence development will consist of three blocks of five stories and will include an underground carpark, a swimming pool , and common facilities situated in Plot 1, which is the principal site.

The developer must grant Public Utilities Board (PUB) access to the drainage reserve located at Plot 2, “without the State paying any money or offering any kind of consideration to the developer, with vacant possession and without any encumbrances prior the issue an official Certificate of Completion Statutory from the Building and Construction Authority”.

As per the terms of the WP The developer must meet requirements of the “requirements from technical authorities” which include those of the Land Transport Authority (LTA), National Parks Board (NParks) and PUB.

According to reports, a further problem could be caused by the owner of the remaining site which includes an electrical substation. The site is in the possession by Singapore Power, which is now a corporatised company. The land needs to be returned to SLA.

So, at present it is the only one of the three remaining sites was successfully amalgamated. It is the one that has the gas pipes that were unused and had previously served the 12 shops in the Phoenix Heights. Phoenix Heights.

“While it is normal to have several agencies involved in the acquisition of remnant sites It is unusual for approval to take this long,” says a source who refuses to identify himself. “Perhaps it’s the acquisition of three remaining lots, instead of just one that’s causing the complexityand slow approval process for this purchase SLA because it must work with all the different agencies.”

In the event that Qingjian had filed the request for the purchase of the three remaining sites before September 1st, 2022, the price of the purchase will be determined by the prior price that was 50% of the total land value, calculated by applying a multiplier equal to 5/7 of the rate of land betterment as stated by SLA in the press release. Since Sept. 1, the acquisitions of remaining State property will be determined by 100% of the value of the land site.

The land rate of Arden’s – similar with GLS sites for ECs in the present

The debut The Arden The Arden is expected to be sometime in 2023, which is a year further back than the developer originally planned. In the meantime, the clock is ticking toward the deadline of 5 1/2 years for the cancellation from the 35% additional stamp duty for buyers. The case for Qingjian Realty, that date is believed to be the close of January 2025. This means that the developer has approximately two years for the sale of the 105 units of residential homes in The Arden.

In addition to the extension of six months for the sale period for 5 1/2 years time to complete the project is delayed by 12 month, to November 2025, in the context in the relief provisions of COV-19 to developers.

In retrospect the Qingjian Realty’s price for the site located on Phoenix Road is attractive compared to the prices for land on Government land sales (GLS) sites today. The 63,000 square feet site is leased for 99 years that began in 1969. That means that the developer is required to pay a difference premium to cover leasing top-up. The purchase price is $42.6 million, which amounts to an estimated $630 per plot ratio (psf ppr).

It amounts to 38.5% below the $1,024 per sq ft price per square foot the Far East Organization and Sekisui House paid for the GLS site at Hillview Rise at the close of the tender on November 3. The $630 price per and ppr is 53% less than the $1,343 per person the Bukit Sembawang Estates offered for this GLS site in the Bukit Timah Link, which is located near the entry point into Beauty World MRT Station. Tenders for Bukit Timah Link was also shut on November 3rd.

The $630 psf per-psf rate is the same as the cost for GLS sites in executive condo (EC) developments sites in the present, says Lee Sze Teck, senior director of research at Huttons Asia. In the middle of September, City Developments Ltd (CDL) paid $626 psf per month to purchase the EC site located at Bukit Batok West Avenue and Qingjian Realty paid $662 psf per person to purchase the EC site located at Bukit Batok West Avenue 8 , in the month of March of this year.

What price will The Arden be priced at?
EC projects announced in this year have already had sales that have surpassed $1,300 per square foot. For example there were 639 apartments in the Copen Grand in Tengah Garden Walk which was launched with CDL as well as MCL Land in September, has seen the sale of 485 units (75.9%) sold to the date, at an average of $1,337 per sq ft. CDL as well as MCL Land had paid $603.17 per sq ft per site by May 20, 2021.

In the meantime, the consortium comprising Qingjian Realty, Santarli Realty and Heeton Holdings is launching the 618-unit Tenet EC at Tampines North on the 3rd of December. The average indicative price is set at $1,331 per sq ft. A consortium led by Qingjian Realty paid $659 per square foot to purchase the EC site located in Tampines North, in the month of July.

Suburban 99-year leasehold condominiums were launched in the last year at an average price of just $2100 psf. Some examples include Amo Residence in Ang Mo Kio Rise in July which saw the 98% (372) units sold within the first weekend following the debut; Sky Eden@Bedok, with 75% of the 158 units sold in the beginning of September and Lentor Modern with the 85% of units were sold as of November 21.

“Qingjian Realty paid $730 per per square foot for the site and it’s the most appealing land price currently – and they can cause an uproar within the marketplace by the launch of The Arden for sale at a cost that is in between the fresh launches for ECs as well as suburban condominiums. This will draw a lot of attention,” says Huttons Asia’s Lee.

Nearby The Arden The Arden is Hillsta, which is a 416-unit leasehold development that consists of Soho’s, condominiums and townhouses. It was designed through Far East Organization, the project was completed in the year 2012. The latest median price for Hillsta is $1,241 per sq ft which is based on transactions between June through November 2022.

Further down Phoenix Road and separated from The Arden by the Phoenix Park playground is the Phoenix Residences, a 74-unit development. Phoenix Residences by OKP Holdings. The project was officially launched in December 2020. around 95% (70 apartments) of the development has been sold at an average cost of $1,554 per square foot. Based on caveats that were lodged between June and November of 2022. cost is $1,626 per sq ft.

The Hill @One-North Kingsford

A duplex penthouse with a bedroom at Spottiswoode 18, located along Spottiswoode Park Road in the District 2 area of prime It will be for auction on the 23rd of November 23. This is an owner’s auction with a suggested cost that is $1.55 million, according to Yvonne Lau, senior manager of sales and auctions at ERA Realty Network, which manages the auction.

The Hill @One-North Kingsford property is a perfect home for people looking for an oasis away from the fast-paced city life.

The penthouse has a total of 893 square feet, which translates to a price guide of $1,736 per square foot. The lower floor of the penthouse is home to an ensuite master bedroom, kitchen and a bomb shelter as well as a dining and living space that opens onto the balcony. The second level of the penthouse is accessible via a spiral staircase accessible from the balcony, is home to an upper terrace and the pool. The property is currently being leased until the end of October 2023, and will be sold under the existing lease.

The project was completed in 2015. Spottiswoode 18, which was completed by the end of 2015 is freehold property developed from Roxy-Pacific Holdings. The development is comprised of a 36-storey building with 251 homes. Apartments are made up of one and two-bedroom units that measure between 387 sq ft to 1,324 sq feet. There are also penthouse units consisting of one-bedroom duplex units ranging from 893 sq feet to 1,324 sq ft.

On October 19 the 893 square foot penthouse with a bedroom was auctioned off to a buyer for $1.28 million ($1,433 per square foot). Based on caveats that were lodged in the past, recent transactions also comprised the selling of a seventy-one square area unit located on the 33rd level to $1.29 million ($1,810 per square foot) during May. In June an area of 657 square feet unit was purchased to a buyer for $1.42 million ($2,163 per sq ft) in comparison to the 388 sq ft unit was purchased for $880,000 ($2,271 per sq ft) in July.

The ERA’s Lau believes that the property set to be auctioned off will attract attention from expatriates and local young couples and singles who are drawn to the area of the property as well as the options for entertainment close by, such as the restaurants and bars that line Keong Saik Road and the Tanjong Pagar area. The property could also be attractive to potential investors “given the location as well as proximity to amenities makes an easy rental” She adds.

Spottiswoode 18 lies in the Spottiswoode neighborhood, which houses numerous condominiums. They include Spottiswoode 18, which has 351 units, Spottiswoode Residences and the Spottiswoode Suites which are 183 units. Spottiswoode Suites situated at Spottiswoode Park Road and the planned Sky Everton located on Everton Road and Everton Road, an 264-unit development due to be completed by 2023.

The Spottiswoode neighborhood is part an enclave for residential properties located on the edge of the CBD and is close to the Tanjong Pagar, Chinatown and Outram areas. The enclave is comprised of a mixture of private and public housing, which includes the Pinnacle@Duxton, a 50-storey building — Singapore’s highest public housing structure located near the intersection of Neil Road and Cantonment Road as well as The Everton Park housing estate. Spottiswoode 18 is situated just 300m away from the planned Cantonment MRT Station on the Circle Line, slated for completion by 2026. It is also located near malls, including Tanjong Pagar Centre, 100 AM Mall, and Icon Village.

The Hill @One-North condominium

In the Knight Frank Prime Global Cities Index, global residential prices for prime homes increased in 3Q2022 by 7.5% in 3Q2022, contrasted with the 10-% growth recorded in the 1Q2022.

Prime Global Cities Index Prime Global Cities Index is an index based on value that follows the trend of residential prices that are prime which is defined as the highest five% of the market for housing in terms of value, in 45 cities across the world. It is built on Knight Frank’s research network . It is a measure of the prices of local currencies.

The Hill @One-North condominium has been sold to Kingsford Development for S$162.388 million under the Government Land Sales (GLS).

The growth in prices for the quarter of last year was higher than the index’s average five-year rate at 4.4%, and the number of cities with decreases in prices y-o-y changed between six cities in the 2Q2022 seven in the 3Q2022.

Victoria Garrett, head of residential for Knight Frank Asia-Pacific, says that 85% of the cities surveyed show a significant increase in their prime prices annually. She says: “The markets that registered some of the highest price increases in the pandemic are well-represented in these cities: San Francisco, Toronto, Wellington, Stockholm, Vancouver, Los Angeles, Seoul and a handful of Chinese Mainland cities”.

The last quarter of the central area of London was able to see prices rise to 2.7% yearly. “Prices are currently increasing at the fastest rate since Q1 2015. The resilience of labour markets and a shortage of supply , and well-capitalised lenders will ensure that prime prices are maintained across the majority of markets until 2023,” says Garrett.

All in all, Dubai is the city with the fastest-growing residential property prices this year, increasing 88.8% over the first nine months of 2022. “Prime homes in the Asia Pacific continued to cool during the third quarter, with cities in the region being 11 of 19 global markets that saw an increase from June to September of 2022. This is an utter contrast from the annualized figures that had only four markets that were in the blue,” says Christine Li who is the head of research for Knight Frank Asia-Pacific.

But, a few Asia Pacific markets are holding in check, including Tokyo and Singapore in which rates for financing remain low, according to Li. She also adds that some price drops were noticed to be less severe in emerging markets in Southeast Asia.

“The continuing supply imbalance and an opening to travel and immigration is expected to boost the price level. But, as prices fall due to the monetary policy, things will remain a bit skewed in the short-term, and the primary market for residential homes across the globe is an opportunity for buyers,” says Li.

The shift from a prolonged period of low rates on loans could result in a squeeze especially for highly stressed principal residential landlords. This could lead to greater resales of property in certain cities, says Knight Frank.