Colleen & Keith Condo

Month: April 2023

CapitaLand Ascendas REIT divests local industrial building at 219% premium from 2005 purchase price

CLAR, the manager of CapitaLand Ascendas REIT (CLAR) has announced the divestment of Singapore industrial building KA Place for a consideration of $35.38 million. The sale and purchase agreement was entered by the REIT’s trustee, HSBC Institutional Trust Services (Singapore).

The consideration figure of $35.38 million represents a huge 219% premium to CLAR’s purchase price of $11.1 million in March 2005. It is also an impressive 55% premium to the property’s market valuation of $22.8 million as at Dec 31, 2022.

KA Place is a seven-storey high-specification industrial building with a carpark on the second storey. It is situated at 159 Kampong Ampat, and possesses a total gross floor area of 10,163 sq m and a remaining land lease tenure of about 35 years.

The manager of CLAR has decided that it is an opportune time to divest the property, as Marina Gardens Condo it fits into their proactive asset …

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Ascott targets to double fee revenue to over $500 mil in next five years

Ascott Limited, the lodging business unit of CapitaLand Investment (CLI), is targeting to double its fee revenue to over $500 million in the next five years. This is off the back of its FY2022 base of $258 million – the highest earning on record so far. FY2022 saw an impressive 36% y-o-y growth, mainly due to record signings and property openings. Additionally, the business has also achieved its target of securing 160,000 units by 2023.

To further strengthen its product offerings and fee revenue, Ascott will be running its mid to luxury scaled serviced residence, hotel, co-living and senior living brands. A 8%-10% annual net room growth rate over the next five years is expected to bolster fee revenues. Kevin Goh, the CEO of both Ascott and CLI Lodging, is optimistic about the prospects of the business.

“With our asset-light strategy, Ascott has doubled in units every five years, growing …

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The Myst Condo at Cashew Bukit Timah Region Near to Ngee Ann Polytechnic and Singapore Polytechnic

The Cashew-Bukit Timah region of Singapore presents numerous advantages for those searching for educational institutions nearby The Myst. The prospect of a five-minute walk to the Cashew MRT station, along the Downtown line, from The Myst is appealing to many. Not only this, the National University of Singapore is in close proximity, with only a 15-minute ride by bus to reach both Ngee Ann Polytechnic and Singapore Polytechnic. Therefore, if you’re seeking a property near reputable learning centers, it’s worthwhile to view abodes in the Cashew-Bukit Timah vicinity. Here are some of the celebrated schools in the area that are accessible by MRT:

If you’re looking for a peaceful, rural setting with plenty of opportunities to immerse yourself in nature, then the Cashew Estate is the perfect place for you. One of its defining features is the Rail Corridor, which is a popular spot for joggers, cyclists, and nature …

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Why Are Investors Keeping a Lookout for Condominiums Located in Bukit Panjang Area

The Bukit Panjang area in Singapore is fast becoming an attractive destination for investors looking to purchase property. The area has seen an influx of new developments in recent years, with a range of condominiums and other residential properties being built to meet the demands of the city’s growing population.

Bukit Panjang is located in the north-western part of Singapore and is well-connected to the rest of the city by public transport. Its proximity to the Central Business District and Orchard Road makes it an ideal location for those looking to live close to the action. In addition, the area enjoys excellent amenities such as shopping malls, restaurants, and entertainment venues.

The area offers investors a wide range of options when it comes to condominiums. Many of these condominiums have been built with modern designs and offer modern amenities that are sure to appeal to prospective buyers. Furthermore, the area …

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Amenities Located at Bukit Panjang and Bukit Timah Road That Benefits First Time Home Buyers

Bukit Panjang and Bukit Timah Road are two of the most popular residential areas in Singapore. These areas have a wide range of amenities that benefit first time home buyers, from public transport to shopping, dining and leisure. Here are some of the amenities located at Bukit Panjang and Bukit Timah Road that can help first time home buyers.

Public Transport: Bukit Panjang and Bukit Timah Road are served by multiple public transport options, including the Bukit Panjang MRT Station, Bukit Timah MRT Station, bus routes and the Downtown Line. All of these provide convenient access to the rest of the city, making it easy for first time home buyers to get around.

Shopping: There are multiple shopping malls located in the vicinity, including the Bukit Panjang Plaza, Bukit Timah Shopping Centre and Bukit Panjang Plaza. These malls offer a wide range of products and services, making it easy for …

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Bukit Panjang Integrated Transport Hub Ideal Transport Hub for Residents in The Area

Bukit Panjang Integrated Transport Hub is an ideal transport hub for residents in the area, providing them with a comprehensive range of transportation services. Located in Singapore, the hub is a one-stop solution for commuters looking to get around the city. It is situated near the Bukit Panjang MRT station and provides access to a number of public transport lines, including the North-East Line, the Downtown Line and the Circle Line.

The Bukit Panjang Integrated Transport Hub is a convenient, integrated transport hub that links the Bukit Panjang MRT station to the Bukit Panjang LRT station, providing commuters with a fast and efficient way to travel around the city. It is equipped with a range of amenities, such as ticketing machines, toilets, food and beverage outlets, and information kiosks. It also has a secure and comfortable waiting area, allowing commuters to wait for their next train.

The Bukit Panjang Integrated …

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Why Bukit Timah in Singapore Could be The Ideal Place to Stay in Singapore

Bukit Timah in Singapore is often overlooked when it comes to finding a place to live, but it has a lot to offer. Located in the north-western part of Singapore, Bukit Timah is a small residential enclave that is close to the city center and yet remains relatively quiet and peaceful. It’s a perfect place to stay in Singapore for those who want to experience the hustle and bustle of the city, but still have a home away from home.

The area is well connected by public transportation, with easy access to the MRT station, buses, and taxis. In addition, the area is home to several shopping malls, restaurants, and hawker centers, providing plenty of options for entertainment and dining. For those interested in outdoor activities, there are several parks, hiking trails, and cycling paths in the area.

Bukit Timah is also known for its greenery and natural beauty, with …

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Review of City Developments Limited Real Estate Developer for Bukit Panjang Properties

City Developments Limited (CDL) is one of the leading real estate developers in Singapore, with a strong presence in Bukit Panjang. The company has established a reputation for building quality residential and commercial Marina Gardens Condo properties in the area, and offers a wide range of projects to choose from.

CDL has a long history of success in the real estate industry, and its reputation for delivering high quality properties in Bukit Panjang has been further enhanced by its commitment to sustainability and environmental conservation. The company has adopted sustainable building practices and is committed to reducing its carbon footprint and water consumption.

In terms of residential properties, CDL has developed a wide range of projects in Bukit Panjang, ranging from luxury condominiums to mid-range apartments. The company has also developed several commercial projects in the area, such as shopping malls and office buildings. All of these projects are built …

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