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Nassim 9, A luxury freehold development along Nassim Road in the District of 10, has hit a record price record of $3,272 psf and topped the list of condos that set new price-points for psf in the period from October 27 through November 5.

The latest high of Nassim 9 follows the sale of a four-bedroom home that was sold for $11.2 million on the 27th of October. The 3,423 square feet apartment was bought at $6.8 million ($1,987 per square foot) in October 2009. This means the seller made a profit of $4.4 million from the sale. This is the most expensive value that has been traded at the building on both absolute and psf bases.

Target to launch in 2022, and for official project details register interest for showflat appointment and to obtain Lentor Hills Residences floor plan pdf.

Prior to that the most recent sale at Nassim 9 was in April 2012 , when the 3,143 square feet unit was purchased at $8.8 million ($2,800 per square foot) This also was the last absolute and psf-based highs in the condo.

Nassim 9 is an exclusive development which is completed in the year 2002. It is a small development with only eight unitsthat are housed in a 4-storey building. The development is situated inside the luxurious Nassim Road residential enclave, it is a quick walk from each of Tanglin Mall and the Orchard Road shopping mall as well as Singapore Botanic Gardens. Singapore Botanic Gardens. It is also walking distance to The Orchard Boulevard MRT Station on the Thomson-East Coast Line, which began operation on November 13.

Royalgreen has also reached a new high for psf prices after an auction of 721 square 2 ft two-bedroom apartment for $2.17 million in psf of $3,003 on October 27. This is higher than the previous record of $2,974 per square foot set in April when a 775 square foot unit was bought to the developer for $2.31 million. This is also the first time that a sale within the development has reached the $3,000 threshold for psf.

Royalgreen is an open-air development that is located in Anamalai Avenue, off Bukit Timah Road as well as Sixth Avenue in prime District 10. The development was created through Allgreen Properties, it is part of the developer’s Bukit Timah Collection, which also comprises The 476 unit Fourth Avenue Residences located on Fourth Avenue and the 115-unit Juniper Hill located on Ewe Boon Road. Royalgreen was completed in the year 2000 and comprises 285 units spread across eight five-storey blocks. They are made up of two to four-bedroom homes that range from 635 sq feet to 1,475 sq feet.

The development is a seven-minute walk from the Sixth Avenue MRT Station on the Downtown Line. It’s also 10 minutes away from the high-quality schools such as Hwa Chong Institution, Raffles Girls’ Primary School, Nanyang Primary School, National Junior College and Methodist Girls’ School.

Landmark is another development that has a high-priced history. Landmark is another building which set a new psf record when a single-bedder with 495 sq feet was sold for $1.32 million which is equivalent to $2,668 per square foot on November 4. The apartment, which is located on the 26th floor was bought by the developer. This transaction is higher than the previous record of $2,660 psf recorded on September 15 by the purchase of a 4,95 square feet unit for $1.32 million.

The Landmark is a 99-year leasehold property situated on Chin Swee Road, adjacent to Pearl Hill City Park in District 3’s Outram region. The Landmark is a development by an alliance of MCC Singapore, SSLE Development and ZACD Group. The project is scheduled to be completed in 2025 the project comprises 396 residential units that are comprised of three to one-bedroom units which range in size from 495 square feet.

The project was announced for sales in November 2020 which resulted in 110 units (28%) sold at an average of $2250 psf on the launch weekend. Since that time the project has been sold out to the 204 units (52%) have been purchased for sale at an average cost of $2,227 per square foot, according to caveats that were lodged on November 15. The price of psf was not lowered. reported during the week.

In its most recent 1QFY2023 that ended September’s business update, Lendlease Global Commercial REIT (LREIT) revealed that it was able to keep its portfolio resilient.

The portfolio’s committed occupancy was extremely high with 99.7% with a long weighted average lease expiry (WALE) of 8.5 years, based on Net Lettable Area (NLA) in addition to 5.5 years of the gross rental revenue (GRI).

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

The REIT’s manager removed risk from leases that were due to expire in the current year, reducing them up to 8.0% (from 11.9%) through NLA in addition to 14.5% (from 23.9%) through GRI during the first three months of FY2023.

This REIT boasts a lengthy WALE of 12.7 years as per NLA as well as 15.5 years under GRI in its Office portfolio. It claims that this will provide an ongoing stream of income for unit holders.

The manager also stated that the escalation of office rents by LREIT increased by around 4% in 1QFY2023, and ensures a steady cash flow for unit holders.

Jem is well-positioned to take advantage of the coming change in Jurong Gateway and the surrounding industrial and manufacturing landscape in the context of government’s effort to decentralise. The office building, which is Grade A, is let by the Ministry of National Development till 2044, with a review of the rental annually for five years.

The Milano Santa Giulia business district that is where Sky Complex is situated has been awarded an LEED Gold Neighborhood Development certification. This certification is a world- acknowledged symbol of achievement and is a measure of sustainable living and quality of life.

On the other hand the retail portfolio of the REIT was helped with the return visitors and its ability to withstand the suburban mall.

The retail portfolio of LREIT has continued to maintain its high committed utilization rate, which was 99.3% as at Sept 30. The high occupancy was fueled by a healthy lease momentum and the proactive leasing strategy of the manager that focuses on curating distinctive F&B as well as retail choices to keep the malls lively for the customers.

At the time of the closing at the end of the period, a positive rental reversion of around 1% was observed with a solid retention rate of about 70%. Tenant sales in during the initial three months in FY2023 were able to rise above levels seen prior to Covid-19.

The manager also has noticed an increase in interest for leasing the atrium space in the malls. In the near term the manager will be looking to optimize the remaining untapped gross floor space of 10,200 square feet from the URA Master Plan 2019 to make the most of the potential of 313@somerset. This will generate new value for the unitholders of LREIT.

For Jem although there is no plot ratio The manager is always seeking to convert vacant spaces into leaseable units that can bring in additional revenue.

At the time of Sept. 30 the total gross borrowings stood at $1,451.1 million, with an average gearing ratio at 39.4%. Approximately 63% of its borrowings are sustainability-linked financing, which are expected to generate net interest savings to LREIT’s unitholders. The average maturity of the debt was 2.8 years, with an average weighted price of borrowing at 2.24% per annum. LREIT boasts an interest-coverage ratio of 6.9 percent, and gives sufficient protection against their debt-related covenants of 2.0 times.

At the time of the closing, LREIT has undrawn debt facilities of $172.2 million to finance their working capital. The majority of the company’s debt is non-secured with around 61% of the borrowings being hedged to a fixed rate.

In the future, the manager declares that the company will be alert to maintain the health of its balance sheet as well as efficient control of cash flows.

Kelvin Chow the CEO of the manager states: “We are encouraged to witness the gradual return of visitors and an increase in the number of office workers returning to work. In addition, LREIT’s exposure to retail sector in the suburbs and the significant concentration of essential services, with 59% (by GRI), the positive trend will continue to support the performance of LREIT in FY 2023.”

“In addition we’re looking to increase the non-rental revenue and increase savings by the use of advanced technologies to increase the efficiency of assets, and decrease non-core expenditures to offset the impact of increasing interest rates and utility expenses,” he adds.

Units of LREIT sold for the last time for 70 cents November 4.

Katong Point, a four-storey freehold commercial building that has a basement carpark, is scheduled to be offered for sale at $100 million through tender on the 26th of October as per a press statement issued by Cushman and Wakefield. Cushman and Wakefield is the sole agent of marketing for Katong Point. property.

Lentor Hills Residences Guocoland Hong Leong joint venture and TID at S$585.6 million, equivalent to S$1 060 per square foot per plot ratio (psf ppr).

The property is situated on situated on the 451 Joo Chiat Road, Katong Point is situated on an totaling 13,346 sq ft that is zoned to commercial uses. It is a constructed area of 47,540 square feet and is completely used. In-principle approval to additional strata subdivision was granted.

The project was completed in the late 1990s, Katong Point was formerly named Katong Junction. The site underwent $12.5 million worth of construction and alteration work in the year 2016 before being renamed as Katong Point. Between 2020 and 2021, the park underwent another phase of renovations, which included reconstruction of the units, facade painting as well as electrical and plumbing improvements.

“Katong Point is a great option for investors who want palatable freehold property that can provide a steady earnings,” says Shaun Poh who is the director of capital markets, executive director for Cushman & Wakefield. “It is well-known to families due to the proximity of popular schools.”

Foreign buyers are able to purchase without additional buyers’ stamp duty or seller’s stamp duty to be paid.

The Katong Point is located in Joo Chiat, a historic town, renowned for its Peranakan cuisine, culture, and entertainment spots. Katong Point offers F&B, health, lifestyle, education and childcare services to Katong, Marine Parade and Mountbatten neighborhood. It is walking distance to the new Marine Parade MRT Station (on the Thomson-East Coast Line), set to open in 2024.

Read also: Copen Grand’s sales gallery has welcomed about 20,700 visitors since October 7

The most profitable deal that was recorded from October 4-11 was the selling of a three-bedroom apartment located at Astrid Meadows which is located in Coronation Road West, off Holland Road. The 2,583 square feet apartment located on the top floor was sold to the value of $5.93 million ($2,295 per sq ft) on Oct 5. It was purchased at $2.22 million ($859 per square foot) during August of 2005. The seller made the benefit of $3.71 million which equals 167% during a hold time that lasted 17 years.

The sale is a record record for the psf rates that were sold in the development, surpassing the previous record of $2200 psf recorded in April, when the 1,023 square feet unit sold for $2.25 million. It is also the second most profitable sale at Astrid Meadows. The most profitable sale took place in April 2021. an area of 3,800 square feet was purchased for $7.3 million ($1,921 per sq ft). The seller made the profit from $3.8 million.

Astrid Meadows is one of the low-rise freehold development located in District 10 which was completed in the year 1990. It is home to 208 units, consisting of one-to five-bedders ranging between 872 to 6,771 sq feet. Astrid Meadows is in the midst of a vast residential area that is mostly comprised of landed properties. It is also close to the Good Class Bungalow communities that include Bin Tong Park, Leedon Park, Oei Tiong Ham Park and Astrid Park. It is also within the three-storey mixed land estate located off Jalan Haji Alias and the two-storey semi-detached estate located situated on Namly Avenue.

The second highest-profitable deal this week was on the second floor of Mount Faber Lodge. The owner of a 2,669 square foot 3 bedroom unit located on the 3rd floor made profits of $2.59 million after it was sold for $3.89 million ($1,457 per square foot) on the 6th of October. The seller purchased the property in January 2006 at $1.3 million ($487 per square foot) which equates to the equivalent of a of 199% profits over a 17-year period of ownership.

Mount Faber Lodge is a freehold condominium that is located on Mount Faber Road in District 4. It was completed in 1983. includes 84 units. They comprise 1,098 square feet of studios and two-bedroom apartments starting at 1,173 sq ft , and three-bedroom units starting at 2,454 sq feet. There are 20 penthouses. All of them are five-bedroom triplexes with 3,703 sq ft to 3,724 sq.

There is only one additional unit in Mount Faber Lodge has changed ownership to date in the year -it was a 2,475 sq ft unit that was sold at $3.5 million ($1,414 per square foot) in June. The buyer had purchased the unit in August 2010 for $2.875 million ($1,161 per sq ft) in August 2010 so they earned a profit of $625,000 from the sale.

The most profitable deal this week was an apartment at the Ascent@456. A 689 square foot, three-bedroom property sold at $1 million ($1,452 per square foot) on the 5th of October. The property was purchased at $1.068 million ($1,550 per square foot) in October of 2016. The seller incurred the loss as $68,000 (or 6% over the course of six years.

It is situated at the junction between Balestier Road and Jalan Rama Rama in District 12’s Novena area Ascent@456 is a mixed-use project by TA Corp. The freehold development was completed in the year 2017, and is comprised of a 12-storey residence block and an retail podium that houses 17 shop units in strata. The project has 28 apartments, with all three beds with a total area of between 689 and 829 square feet.

Two additional apartments at Ascent@456 have been sold in the past year and traded below the respective prices of purchase. A 689 square foot unit located on the 3rd floor was purchased for $955,00 ($1,386 per square foot) on September 12, with the seller suffering the loss of $50,000 in the deal. Before this, a 689 sq area unit on the 10th floor was sold for $945,000 ($1,372 per square foot) on August 15, and the seller suffered an expense of $70,600.

Copen Grand the executive condo (EC) developed by City Developments Ltd (CDL) and MCL Land in Tengah Town has attracted more than 20700 people into its sale gallery, since it began to open for previews on Oct 7th, as per CDL.

Lentor Hills Residences e brochure showcase various amenities that residents will enjoy fulfilling their living needs without travelling far from home.

Electronic applications for the development that began on October 7 and ended on Oct 17saw around 2300 applications submitted for the 639-unit development. The sales bookings for Copen Grand will commence on October 22. Balloting will take place the day prior the 21st of October.

“With the limited number of new ECs on the market homebuyers were attracted to Copen Grand’s excellent geographical location and closeness to three forthcoming MRT stations, which is a first for such an EC,” CDL says in a statement released on October 18.

The developer states customers are drawn to the area’s proximity to nearby hubs Jurong Lake District and Jurong Innovation District and Jurong Innovation District, in addition to the numerous lifestyle facilities offered within Tengah Town.

Copen Grand is the first EC within the planned Tengah Town estate, which is planned to be Singapore’s “first intelligent and sustainable precinct”. It will be the first town centre without cars and underground roads that free spaces on the floor for dedicated pathways for walking and cycling. Amenities include a future 20ha Central Park.

Copen Grand is located within walking distance to three MRT stations that will be part of the new Jurong Region Line which include Tengah, Hong Kah and Tengah Plantation — and an inter-bus interchange.

The EC will comprise 12 blocks of 14 stories each, offering a range of apartments ranging from 807 sq feet for a 2-bedroom plus study up to 1,722 square feet for a top floor, five-bedroom, premium unit.