Property Condo Grand Solutions

A rare opportunity is now up for grabs in the market – two freehold adjoining shophouses located at 5 and 7 Jasmine Road, off Upper Thomson Road. These two-storey shophouses have a total site area of approximately 3,650 sq ft and an existing combined floor area of about 3,940 sq ft. The properties are launched for sale via expression of interest (EOI) at a guide price of $10.5 million, or $2,665 psf on the floor area.

The shophouses are zoned for “residential with commercial at 1st storey” use with a gross plot ratio of 3.0 and building height control of up to four storeys under the 2019 Master Plan. Situated around 50m away from Thomson Plaza shopping mall and adjacent to Adelphi Park Estate, this location is accessible via major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island …

At 52 to 62H Tanjong Katong Road in Singapore, the owners of this 26-unit walk-up development have relaunched the property for a collective sale with a guide price of $63 million. Huttons Asia, the sole marketing agency, explains that the property was initially offered last July with an indicative price of $65.5 million. Various bids were below the asking price.

This 9,999-year parcel of land has an area of 32,397 ft and is zoned for residential use with a Gross Plot Ratio of 1.4, according to the 2019 Master Plan. This sets the stage for the potential for 45,356 ft of gross floor area upon redevelopment into 49 apartments with an average size of 915 sq ft.

The guide price translates to a land rate of $1,401 psf per plot ratio with an estimated land betterment charge of approximately $530,000. Taking into consideration the 7% bonus balcony gross floor area, …

Properties 6 & 7 Perak Road have recently been made available for sale via tender with a guide price of $13 million. These two-storied shophouses with a mezzanine floor boast a built-up area of 5,360 sq ft, and sit perched atop a plot of land measuring about 2,870 sq ft, with an 11.4m-wide frontage along Perak Road.

This prime property resides in the Jalan Besar/Little India precinct in District 8 of Singapore, and is a mere three-minute walk to Rochor MRT Station. The properties are in a well-maintained condition, and might require minimal refurbishments only.

Gracelynn Zhu of PropNex Shophouse Elites, which is marketing the property, reveals that the owner had received multiple offers from prospective tenants, despite the fact that the vendor is looking to sell the shophouses with vacant possession. Zhu anticipates the properties to draw interest from investors seeking assets that can offer strong rental and capital …

Sandeep Sethi has been appointed as division president of work dynamics in Asia Pacific by JLL. As Managing Director and Head of Work Dynamics in West Asia, Sethi has already forged deep client relations and grown the business to a large scale – managing over 160 million sq ft of office space across 1,500 client sites in India, Sri Lanka, Mauritius and Bangladesh.

In his new role, apart from expanding his current portfolio for West Asia, Sethi will now be responsible for North Asia markets too, overseeing services delivered to clients and aiming to grow JLL’s North Asia market share in mainland China and Hong Kong. He will be reporting to Susheel Koul, JLL’s CEO for work dynamics in Asia Pacific from his base in Gurgaon.

Susheel Koul commented on his appointment with admiration: “Sandeep is an established leader and a respected client advisor with an astute understanding of the …

A property with waterfront access located at the popular intersection of Benoi Road and Pioneer Road within Jurong Industrial Estate is now open for sale. The site area in total spans across over 500,000 sq ft. and consists of a two-storey office block plus an annexe office, three blocks of single-storey workshops, a mould loft building, a fabrication workshop and a wharf.

The property has been listed via an expression of interest (EOI) exercise, with a guide price at $11.3 million and is suitable for land usage such as shipbuilding, ship or vessel repair and maintenance.

The property is approximately 24km from the city centre, situated in close proximity to numerous housing estates like Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. Drivers will find easy access to the area via Ayer Rajah Expressway and Pan-Island Expressway and the nearby Joo Koon MRT Station is just five-minutes away.…