The REIT manager notes that its tenant sales for 4QFY2022 has recovered at aversion of 3.6%

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Read also: KSH developers claim a planned residential development with about 172 residential dwellings

KSH developers claim a planned residential development with about 172 residential dwellings

Lendlease Global Commercial REIT has declared a unit-wide distribution that is 2.45 cents for the 2HFY2022 that completed in June, which brings the total year payout up to 4.85 cents.

The 2HFY2022 DPU, which also includes an advanced allocation of 1.1371 cents in the Jan 1-March 30, period increased by 4.9% y-o-y.

Net property earnings for the same time frame was $45.9 million, which is up 72.9% y-o-y, driven by contributions from a stake recently acquired of Jem Mall. Jem mall, and improved operating numbers for 313@Somerset the company’s other major asset.

Gross revenue increased 68.6% y-o-y to $62.5 million.
In FY2022 The REIT was able to attain an occupancy that was 99.8%, with a weighted average lease expiry time of 8.7 years based on net leaseable surface and 5.5 years in the gross rent income.

At June 30, its portfolio was worth $3.6 billion, which is up 2.5%.

The REIT manager has noted that tenant sales for the 4QFY2022 period has increased to surpass the prior Covid period. The REIT has been able to attain an aversion to rental that is 3.6%.

“The manager is convinced that LREIT will gain from its increased exposure to the retail market in the suburbs and the significant concentration in the essential services sector of 57% (by GRI),” the manager says.

“Our accomplishments and results for FY2022 have been extremely encouraging,” says Kelvin Chow who is the manager’s CEO.

“The outstanding set of results that we achieved is a testimony to our dedication to creating worth for the unitholders we serve. We not only succeeded in creating sustainable value for Unitholders but we also increased our resilience and financial strength,” he adds.

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Core Collective Sentosa opens fourth fitness and wellness centre

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Read more: Meyer Park collective sale tender will end on Sept 9

Meyer Park collective sale tender will end on Sept 9

Core Collective has launched its first hotel partnership with Amara Sanctuary Resort Sentosa, Core Collective Sentosa at the beginning of August. The building is a conservation one inside the Amara Sanctuary Resort in Sentosa the wellness and fitness retreat offers an outdoor bootcamp as well as a functional training space, a fully-equipped indoor personal training gym, as well as a range of spa, treatment and consulting rooms.

Core Collective Sentosa has partnered with Chinois Spa to create wellness treatments at the spa. “Since the year 2001 Chinois Spa has partnered with clubs and hotels to recreate an “oasis in the city’ spa experience. Chinois Spa offers top quality body massage, facials, and couples spa packages,” Dr. James Mok, CEO of Chinois Spa. “We are excited to work together with Core Collective for their newest outlet in the beautiful Amara Sanctuary Resort Sentosa.”

In 2018, the company was established with its first outlet located in the city of Singapore, Core Collective has expanded its services to new areas by opening a second location in Dempsey in the year 2019. In the spring of this time, Core Collective opened its first outlet in a mall, Core Collective i12 Katong located at i12 Katong, a six-storey shopping mall that reopened following a two-year overhaul. Core Collective’s medical co-working facility, Core Clinic, opened in July 2022.

“Our primary goal has been on creating environment that fosters transformation, enhance communities and boost expansion,” says Michelle Yong who is the chief executive officer at Aurum Land and CEO & co-founder of Core Collective. “We are thrilled to join forces in this partnership with Amara Sanctuary Resort along with Chinois Spa and continue the development of Core Collective to achieve our shared goal of creating the highest value and most collaborative experiences for Core Collective members as well as professionals.”

Based on Dawn Teo, senior vice president of Amara Hotels & Resorts, the collaboration with local brands such as Core Collective and Chinois Spa will allow the two brands to “grow the wellness business” inside Amara Sanctuary Resort. Amara Sanctuary Resort. It will also give in-house guests and the general public with “an ideal setting to concentrate on being healthy” she says. Amara Hotels & Reosrts is the hotel and investment management part of the Singapore listed property company Amara Holdings.

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The office sector was drawing in US$30.6 billion liquid asset investment

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Lentor Hills Residences brochure

Market research conducted by JLL estimates that around US$70.9 billion ($97.8 billion) in regional Asia Pacific transaction volumes were completed during the beginning of the year. This is an increase of 17% year-over-year decrease when compared to the same timeframe in 2021.

Lentor Hills Residences brochure is ideally positioned for living convenience. It is surrounded by an established transport system which includes free-flowing highways, MRT stations.

JLL states that the decrease in investment volume is due to the slowing of deals in some of the major markets in the region. Investors reacted to the tightening of the rate cycle and the possibility of inflation The consultancy says.

“Investors have adjusted their capital deployment strategies to match a more aggressive rate tightening cycle” declares Stuart Crow, CEO, capital markets, Asia Pacific, JLL. “Clear opportunities are there and we’re encouraging clients to anticipate a new price discovery phase to be the dominant topic for the rest of 2022 due to the macroeconomic challenges and persistent inflationary pressures impact the decisions.”

Offices were the asset category with the highest liquidity accounting for US$30.6 billion for 1H2022, however it was still an 8% year-over-year decrease. The investment in logistics and industrial assets in the amount of US$14.6 billion was reported this year, which is 37% reduction compared to the previous year. The capital deployments in retail assets were recorded at $14 billion, or 31% decrease y-o-y.

Lockdowns related to the pandemic in China caused the 39% reduction in investment volume in the region of US$14.1 billion. In addition, the absence of transportation transactions Japan resulted in an investment volume that fell in the region of US$11.5 billion, a drop of 33% in a year.

South Korea saw the largest amount of capital investment in 1H2022 at $15.3 billion, boosted by large office deals. Singapore also saw an increase in the amount of investment, increasing to 81% year-on-year to US$9.3 billion as a result of major mixed-use and office development.

According to JLL sustainability frameworks are top of the list for numerous investment committees. JLL anticipates that investors will put more money into value-added strategies, such as transforming old buildings into green structures because occupiers are more likely to choose better-quality spaces post-pandemic.

In the future in the near future, investors will be prudent in the long-term when pricing financial markets tightening for any future investments according to JLL.

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A minimum stay of three months applies to each 20-unit rental development in Balestier

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Lentor Hills Residences floor plan

ST Residences, a local hotel operator, has launched the first fully-serviced housing development for rent at 12. Kim Keat Road in Balestier.

Lentor Hills Residences floor plan area of about 17,100 square metres (sq m) with a maximum Gross Floor Area (GFA) of 60,480 sq m. It is expected to house 595 residential units.

ST Residences is a brand that is owned through ST Hospitality, a subsidiary of Catalist, a listed F&B owner Katrina Group. ST Hospitality, previously known as Straits Organization, was established in 2017 and runs serviced apartments, condominium rentals with service and co-living hotels throughout Singapore.

The brand new residential development that is serviced located in Balestier is dubbed ST Residences Balestier and consists of 20 units. In a release from ST Residences, the development will provide “executive and studio-style serviced apartments as well as one-bedders”.

The company claims that every unit is furnished to the highest standard and includes an open-concept kitchenette, ensuite bathroom, and queen-sized beds. Additional amenities include a refrigerator as well as a washer and an interactive TV. Every room will have Wi-Fi access and daily housekeeping, says ST Residences.

A minimum of three months is required for each unit and guests will be granted access to the pool and fitness center in the ST Residences Novena located at the 145A Moulmein Road.

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Kohler collaborates with Lazada’s participating brands

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Lentor Hills Residences Yio Chu Kang

Kohler has partnered with Lazada to present a one-month show of kitchen, home bath, and lifestyle items that customers can experience in the store in a statement issued issued by Kohler along with Lazada.

Lentor Hills Residences Yio Chu Kang location is perfect for singles, couples and family-oriented individuals looking for spacious housing in a lush setting. Being an old estate, the neighbourhood.

“We have joined forces with Lazada to offer shoppers an experience that is both online and offline (O2O) shopping experience. Customers can experience how items feel, look and function, and also inquire about the product for a more informed purchase,” says Leo Leong General Manager of Kohler.

In the shops located on Peck Seah Street The month-long celebration will feature a selection of 30 brands that will be available from July 15. With an area of 8,848 square feet of space for retail, it has designated areas for living spaces bedrooms, study areas as well as bathrooms and kitchens that provide a shopper with an immersive experience that is complemented by the online shopping experience. Each space is themed and is equipped with QR codes that customers can scan to buy items using Lazada. Lazada app.

Participating brands include Kohler, Samsung, Bang & Olufsen, Lego, L’occitane, Razer, Nespresso, Osim, Tefal, WWF and Philips Lighting. The show is designed for new homeowners seeking inspiration for their next home, as well as existing homeowners looking to update the interior of their homes.

Promotions are offered as well as classes on interior design for shoppers at certain times. “Come Home” to Kohler as well as Friends (Powered by Lazada) event is open every day from 10am until 9pm. It closes on August 15.

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KSH developers claim a planned residential development with about 172 residential dwellings

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Lentor Hills Residences Guocoland Hong Leong

A group of local businesses led by property developer KSH Holdings has purchased Euro-Asia Apartments at 1037 Serangoon Road for $222.18 million. The sale was handled by Low Choon Sin who is the director of SRI Capital Market.

Lentor Hills Residences Guocoland Hong Leong has a total site area of about 17,100 square metres (sq m) with a maximum Gross Floor Area (GFA) of 60,480 sq m.

The complex of 84 units is located on a 56.476 square feet site with an area ratio of 2.8 in accordance with the most current master Plan. The cost of purchase is the value of land at $1,313 for each plot, and includes the bonus balcony space.

In a news statement issued by the developer on the 26th July, the purchase of the property property was made through an indirect corporation which is owned by 49% of the company, which is known as KSH Ultra Unity. The other shareholders of the company include H10 Holdings and SLB Development with equity interests which is 35% and 15% respectively.

Euro-Asia Apartments had been put up for sale in a group auction on June 1st of this year. The property was put up to the market with an estimate of $218 million. Owners of the property also attempted an enbloc sale earlier the year, with a price guideline of $200 million.

“The result of the competition is highly respected, and have attracted a number of interest from developers,” says Low Choon Sin the SRI Capital Markets’ managing director. SRI Capital Markets. The SRI Capital Markets managing partner says: “The site’s attributes further enhance the appeal of the site and will allow the developer to construct a well-known high-rise residential development along the famous Serangoon Road. ”

Based on a compilation of similar transactions compiled by EdgeProp Singapore, most of the present properties within the area have approximate resales rates which range from about $1,000 per square foot to $1,800 for a square foot.

The most expensive PSF in the region is located at Jui Residences, a 117-unit freehold development owned by Malaysian developer Selangor Dredging. The development was launched to be sold in September of the year. It was then completed sale at the end of August 2021.

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Meyer Park collective sale tender will end on Sept 9

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Lentor Hills Residences condominium

Meyer Park, an undeveloped condominium project with freehold rights located at 81 and Meyer Road in District 15’s Marine Parade area, is being offered for sale as a collective tender, with a reserve value at $420 million.

Lentor Hills Residences condominium is located in one of the most attractive areas exclusively set for residential.

According to the exclusive marketing agent Edmund Tie & Co, the land value amounts to approximately $1,720 in relation to the plot’s ratio. This is inclusive of a development cost of around $78.2 million, taking into consideration that 7% extra floor space.

As per Edmund Tie, the development has gotten the required 80% of owners’ agreement to a collective sale. It is the first time in history that it did so despite the four collective sale attempts before.

Meyer Park is an oceanfront condominium that was constructed in the 1980s. It’s situated on an that covers 96,672 square feet and features an 88-meter frontage to the sea. According to the URA Master Plan for 2019, it’s designated for residential use and has an area ratio of 2.8. In addition to seven% bonus floor, the total allowable gross floor area amounts to 289,628 square feet.

The development is near it. It is on the site for Meyer Mansion, the freehold condo with 200 units developed by GuocoLand that went live in September of 2019. Up to date there have been more than 165 (83%) units have been sold at Meyer Mansion at an average price of $2,673 per sq ft Based on the data collected using the EdgeProp LandLens and EdgeProp LandLens and EdgeProp Research tools.

The site is located in close the vicinity of Bukit Sembawang Estates’ Liv@MB that was officially launched in May. The site witnessed 75% of its 298 units being sold on the launch weekend, at an average of $2,387 per square foot. The other developments within a one-kilometer radius over the last 3 years have included the 144 unit Coastline Residences and the MeyerHouse, which has 56 units MeyerHouse The Nyon, a 92-unit Nyon as well as the One Meyer. One Meyer. There are at present 474 units of condos and apartments within a radius of 1km from Meyer Park.

Swee Shou Fern director of the investment advisory department for Edmund Tie, says the new development on the site could accommodate up to 251 new homes. “[The developments] are going to be able to enjoy stunning sea views to the south as well as an unobstructed view of the two-storey bungalow in Mountbatten in the north.” She adds.

Meyer Park is within walking distance from the new Katong Park MRT Station on the Thomson-East Coast Line, which is scheduled to be completed in 2024. The area also has other amenities that include malls like Parkway Parade, i12 Katong, Kinex and Kallang Wave Mall and recreation facilities are offered in the adjacent East Coast Park.

The tender for the collective sale of Meyer Park will close on September 9 at 3pm.

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