Blossoms By The Park condo price

Two units that were sold at the the freehold development Ardmore Park were the two transactions with the highest returns in the span from July 5-12. The two units sold were adjacent 2,885 sq feet four-bedders situated on the 17th level of the same building, according to caveats that were lodged on the 5th of July. The property title search indicates the two units had been bought from members of an Indonesian family.

Blossoms By The Park condo price bid amounting to S$320.1 million, which translates to S$1245.7 per square foot per plot ratio (psf ppr).

A unit purchased for $14.08 million ($4,881 per sq. ft.) that is a record the highest price for resales at the development. The unit was bought for $9.08 million ($3,148 per sq ft) in October 2010 that’s an amount that was $5 millions (55.1%). Based on an annualized basis the seller made the profit rise to 3.8% over the holding for a period of close to 12 years.

The second unit was sold at $11.5 million ($3,986 per sq ft) which earned the seller the sum of $3.5 million, or 43.8%. The unit was bought at a price of $8million ($2,773 per square foot) in May of 2019, that amounts to an annualized profit in the range of 12.4% over the holding period of approximately three years.

The 335-unit Ardmore Park condo is situated in the prestigious Ardmore Park area. It was developed in the name of Wharf Estates Singapore (formerly Wheelock Properties), the 21-year-old freehold high-end condominium has three towers of 30 stories. The most common units in the condo measure 2,885 square feet and four bedroom apartments. However, there are also six duplex penthouses with 874 sq ft each.

Prior to the sale of two units in July 5 on the market, 4 more common units were sold in the same year, on the basis of caveats filed. The units were sold at prices that ranged between $10.5 million ($3,640 per square foot) and up $12.23 million ($4,240 per sq. ft.) and gains ranging from $1.4 million up to $4.2 million.

Goodwood Gardens was the third-highest profit deal of the week following the sale of a 2,185 square foot four-bedroom apartment on the ninth floor was sold at $4.88 million ($2,233 per square foot) on the 5th of July. The property was sold at $2.43 million ($1,112 per square foot) on March 4, 2004. This means that the seller earned an income that was $2.45 millions (101%), or an annualized gain that was 3.9% over almost 18 1/2 years.

Goodwood Gardens is an open-hold development situated in Balmoral Crescent, located off Bukit Timah Road, in District 10. It was built in 2004, and features only 29 units within 12 stories of. It was designed by TID, which is a joint venture of Hong Leong Holdings and Japanese developer Mitsui Fudosan. It offers two- to four-bedders that range at 1,076 square feet and going up to 2,239 sq feet. Two penthouses are available that measure 3,875 sq feet.

The unit that was sold in July was the first unit sold in Goodwood Gardens in over three years. Before that the most recent resales transaction was in February of 2019, in which a 2,239 sq. ft apartment on the 3rd floor auctioned off to a buyer for $3.41 million ($1,523 per square foot). The property is close to the Newton MRT Station on the Downtown Line. It’s also within 10 minutes of driving distance to Orchard Road. Orchard Road shopping belt.

The most profitable transaction of the week was on the floor of One Shenton, after a 1,119 sq ft two-bedroom apartment on the 45th floor sold at $1.89 million ($1,687 per square foot) in accordance with the caveat filed on the 5th of July. The unit was bought on June 5, 2007 and cost $2.25 million ($2,009 per sq ft) which means that the seller took the loss in the amount of 16.1% or about $361,000,which amounts to an annualized cost that is 1.2% over a 15year period of holding.

One Shenton is a 99-year leasehold condo owned by City Developments located at Shenton Way in the CBD. The twin towers, which are 50 stories tall, were completed in the year 2011 and will house 341 units. It offers one-to four-bedroom units and sky villas that have dimensions ranging from 517 sq ft up to 11,765 square feet.

Based on data collected using EdgeProp Research, the EdgeProp Research tool, One Shenton has seen eight more units sold at a price lower than the cost of purchase. These units range from one-bedroom units of 538 sq ft to a three-bedroom-plus-study of 1,572 sq ft, at transacted prices of between $1.09 million ($1,424 psf) and $2.56 million ($2,044 psf). The sellers reported losses ranging between $10,430 and $1 million.

Blossoms By The Park showflat

Rents for prime offices in Singapore remain steady during this second quarter. According to the data collected by Knight Frank Prime grade office rents in Singapore’s Raffles Place and Marina Bay precinct increased 1.1% between the two quarters of 2Q2022, and averaged at $10.36 per square foot per month. This brought the rate of growth to 2.3% for 1H2022. This is also the fourth straight quarter of growth in rent, which is 3.8% since they bottomed out in the 3Q2021 quarter.

Blossoms By The Park showflat is conveniently located near various amenities.

Occupancy rates in Raffles Place and Marina Bay precincts Raffles Place area and Marina Bay precinct were up 1.5 percentage points during 2Q2022 to be 95.4%, supported by an insufficient availability.

Knight Frank says demand for top office space in Singapore continues to be bolstered by an influx of corporations, private wealth, and MNCs from other regions of Asia that are impacted by strict restriction on the spread of pandemics. “As an example there were family-owned offices that was estimated to have nearly doubled from the 203 offices in 2020 to 453 by 2021 with 143 family offices opening in Singapore between January and April 2022, as per the data obtained from Handshakes,” the report states.

Furthermore, Knight Frank highlights that although some tech firms like Shopee and Crypto.com have begun to reduce numbers of employees in Singapore due to declining values and increasing rates of inflation, other technological giants are showing evidence of expanding. “Meta is said to be in advanced discussions for a lease with anchor tenant, and Amazon is reported to have secured a lease of around 369,000 square feet at the proposed IOI Central Boulevard Towers,” the report states.

Knight Frank believes the sustained demand, along with the limited availability of high-quality office space is likely to boost Singapore office rents in the face rising headwinds that are expected to hit the market in the coming six to twelve months because of the global economy, rising inflation, disruptions in supply chain and the rising interest rates. The company is expecting office rents to increase between 3% between 3% and 5% throughout 2022.

However, it warns against the risk of macroeconomic instability getting worse. “If there is a recession or prolonged periods of weakening the global economy, the consequences could trigger an inevitable effect to the general business environment in Singapore and, in turn, the market for office space,” the report states.

Then, in the report on office market in 2Q2022, Colliers highlights that rising operating costs could cause office landlords to shift some of the burden onto tenants in the cost of higher service costs and, in turn, resulting in rents that are higher. Colliers anticipates an increase of 5% to 7% for Core CBD premium and Grade-A office rents to be within the 5-7% range% up to 7% for 2022.

Bastiaan van Beijsterveldt the executive director as well as head of services for occupiers, Singapore, at Colliers says that the demand for high-quality office spaces is driven by businesses that operate in the financial, technology, services, and energy industries along with companies in the legal and asset management sectors.

Additionally, he explains that the rising use of ESG regulation by businesses continues to boost leasing activities. “Despite the trend to move towards a hybrid arrangement, we’ve seen that the amount of space taken up by employees was still outpacing reductions in work because occupiers are seeking out newer facilities that have green credentials as well as efficient specifications and intelligent technologies,” he adds.

In the realm of investments, Colliers’ report states that the average imputed value of capital for Core CBD premium and Grade-A offices was unchanged at $3,000 per sq ft in 2Q2022 and yields remained at about 3.5%. Colliers expects Singapore to remain a top destination for investors who are looking for value-added opportunities over the coming months, buoyed by positive market conditions and Singapore’s security status despite geopolitical uncertainty.

Blossoms By The Park at Slim Barracks

The sports brand Puma has launched its 7,100 sq ft flagship store in 313@somerset according to a press release issued by the manager of the Lendlease Global Commercial REIT (LREIT) who manages the mall. This is Puma’s debut flagship shop located in Southeast Asia, as well as the biggest in the region.

Blossoms By The Park at Slim Barracks at district 5 is a rare opportunity for homeowners and investors to acquire a once in lifetime exquisite residence located in a hot location.

The store has 480 sq feet of additional Gross Floor Area (GFA) as part of the URA Master Plan 2019. There’s a remaining 10,200 sq ft remaining GFA according to the store’s manager.

Kelvin Chow, the CEO of the LREIT’s manager, believes Puma’s decision to locate its store in 313@somerset an endorsement of the REIT’s efforts to provide an experience that is enriching in the middle of Singapore’s top shopping district.

Additionally, Sanjay Roy, Puma’s general manager for Southeast Asia, says the flagship store will offer “an more immersive and complete experience to all”. “Apart of our biggest selection of athleisure and sportswear, we’re looking at working closely with our numerous talented local collaborators to lift and show our Singapore culture,” he adds.

Amo Residences latest news

A whole office space of 9,898 square feet, which includes the strata title of four, is being listed for auction in Suntec City Tower Two at an estimate cost of $36 million or $3,600 per sq ft according to the press release issued by Knight Frank on July 12. Knight Frank is appointed as the sole marketing agent.

Amo Residences latest news is expected to host up to 370 private housing units

“The regular and column-free shape allows flexibility and efficiency when design and layout,” says Mary Sai who is the chief executive officer of the capital market division for Knight Frank.

Foreigners and locals alike can purchase, with no buyer’s stamp duty or the seller’s stamp duty that is imposed upon the purchase.
Sai believes that the demand for offices in Suntec City to be robust. “One unit at level 30 in Tower Two was transacted for $38.75 million, which is equivalent to $3300 per square foot last month. Two other units on levels 19 and 28 of Tower One were also sold at $3,300 psf and $3.280 PSF respectively during the month of April.” she writes.

“The availability of large-sized strata units in prime areas will be restricted due to recent government initiatives to limit strata subdivisions for mixed-use or commercial development in the Central region,” says Daniel Ding director for capital market for Knight Frank.

Buyers can choose to buy strata lots as individual parcels, Sai adds.
Suntec City can be described as a mixed-use project that consists of five Grade-A office buildings and Singapore’s second-largest retail mall, and an exhibition and convention centre. It is located in the CBD It is easily easy to access via East Coast Parkway, Central Expressway and Nicoll Highway. Suntec City has good linkages through sheltered walkways as well as underground connections with City Hall MRT Station (on the North-South and East-West Lines), the Esplanade MRT Station (on the Circle Line) and the Promenade MRT Station (on the Circle and Downtown Lines).

Blossoms By The Park condominium

PropNex Realty, the exclusive marketing agent for Lakepoint Condominium, the exclusive marketing agent of Lakepoint Condominium Collective Sale, has announced the latest changes to the land-planning guidelines for the site in an announcement on the 13th of July, after URA’s response.

Blossoms By The Park condominium will host 256 units, a mixed development of breathtaking residentials, and a 1-storey expansive commercial space.

URA has told its Lakepoint Condominium Collective Sale Committee that it is “prepared to ease height restrictions in the future for developments within the site” with conditions and an in-depth evaluation after submitting a the formal application for planning as per PropNex.

“We are ecstatic by the fact that URA is ready to ease the various height limits. With some blocks rising upwards of 12 and 16 storeys, they will allow for breathtaking panoramas of Jurong Lake Gardens within this new project,” says Tracy Goh the head of investment and sale at PropNex.

Lakepoint Condominium is an site totaling 562,286 sq feet and is designated for residential use having a ratio plot of 1.4 according to the URA Master Plan 2019. The condominium comprises 304 units of residential and five shops. It is situated close to Lakeside MRT Station. Lakeside MRT Station. It is situated near the Lakeside MRT Station. site is also located near it’s Jurong Lake District which will become the biggest mixed-use commercial district that is not in the city central area. There are 2,652 housing units in a radius of 500 meters of which 712 are located in the neighboring Caspian.

On the south-facing boundary block that faces houses that have been landed, URA is prepared to reduce the current five-storey height limit to seven storeys in the block. In the north-east border, blocks with a maximum twelve storeys in height could be considered, provided that it is not more than what is allowed for the current 12-storey block, and a 10-metre minimum distance from the border that is shared with Caspian condominium is in force. URA has indicated that it is willing to look into an additional expansion of the building height of up to 16 stories for blocks remaining along the northern and western boundary with the minimum setback of 30m of the boundary common to Lakeholmz condominium.

JTC is also confirming the baseline for development, which amounts into an estimated land rate of $988 psf for each plot ratio, including the development cost and lease top-up fee.
The reserve price is $640 million.

Lakepoint Condominium which is which is a 99-year leasehold project situated in Lakepoint Drive in Jurong, was launched for a the collective sale on 19 April. The tender that was previously closed with no bids. PropNex has started private treaty discussions with interested parties following the tender ended.