Condo Gine Star Fruits

A luxurious, freehold hotel showcasing 15 loft-style rooms is now on the market for $14 million in District 14. This impressive 2-storey property includes a brand new 4-storey rear extension and sits on a 1,273 sq ft land area with an approved gross floor area (GFA) of up to 3,186 sq ft.

One of the most alluring features of this hotel is its permanent ‘Hotel’ zoning and usage approval, a rare status that is highly coveted for new conservation shophouse usage conversions in Singapore. This designation not only enhances the property’s long-term investment appeal, but also offers great operational flexibility. Adding to its appeal is the prime location, just a 5-minute stroll from Paya Lebar MRT station, providing unparalleled connectivity. Paya Lebar MRT is a dual-line station, serving both the East-West and Circle lines, making it convenient for guests to access various parts of Singapore.

Designed with a chic Japandi theme, the hotel is currently under construction and is expected to receive its Temporary Occupation Permit (TOP) in Q2 2025. The sale price is inclusive of all construction and renovation costs, making it a ready-to-operate investment opportunity. This makes it an ideal turnkey investment for those looking to enter or expand their presence in the hospitality sector.

For investors, this property presents an especially attractive proposition. The current owner, an experienced hotel operator, is open to a sale and leaseback arrangement. This offers the opportunity for immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., predicts that the hotel will appeal to owner-operators as they can benefit from major renovations, allowing for a smooth and swift commencement of operations.

Singapore has long been a top destination for foreign investors due to its reputation for stability and potential growth in the real estate industry. However, it is crucial for investors to navigate the regulations and restrictions surrounding property ownership in the country. When it comes to purchasing properties, Condos are generally favored over landed properties for their ease of ownership as they have less stringent rules. Despite the 20% Additional Buyer’s Stamp Duty (ABSD) imposed on first property purchases, many investors are still drawn to the allure of Singapore’s stable market and its potential for growth. This solidifies Singapore’s position as a highly desirable choice for foreign investment. With its promising market and the option to invest in Condos, Singapore continues to attract foreign investors. Condos offer a promising opportunity for investment in the country.

The demand for hospitality assets in Singapore has been steadily rising over the past year. Some notable recent transactions include LHN Group’s acquisition of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. In addition, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million last year. Another property, Hotel JJH, with 25 rooms, located at 747 North Bridge Road, is now on the market for $38 million. These trends demonstrate the strong appetite for well-located, high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.

For more information, interested parties may contact Eva Lau at 92785688, Senior Marketing Director (R062169F) of ERA Realty Network Pte. Ltd.…

Leading real estate advisory firm JLL has announced the appointment of James Cameron as Head of Energy and Infrastructure for Asia Pacific in its Capital Markets business line. This newly created role will be based in Singapore, according to a press release issued by the firm on January 14th.

In his new position, Cameron will be responsible for building a team in the Asia Pacific region to support JLL’s EMEA Energy & Infrastructure business. This will create a global capital advisory capability that will better serve both local and international developers and investors.

JLL states that Cameron’s appointment is in line with the long-term capital requirements needed to facilitate the infrastructure and renewables build-out necessary to meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Opting to invest in a condominium presents a variety of benefits, such as the opportunity to use its value as leverage for future ventures. By using condos as collateral, many investors are able to obtain additional financing for their real estate portfolio and expand their investments. While this strategy can increase profits, it also comes with certain risks. As a result, it is crucial to create a solid financial plan and carefully consider the potential impact of market fluctuations. For those interested in condo investment, Singapore Condos are a top choice. With their desirable location and appealing amenities, these properties have the potential to yield a substantial return on investment. For more options, you can also consider Singapore Condo.

Stuart Crow, CEO of JLL Asia Pacific’s capital markets division, comments: “We see significant opportunity to leverage our unique expertise in mobilising multiple sources of capital and JLL’s unrivalled track record in advising renewables transactions globally to serve clients within energy and infrastructure across Asia Pacific.”

Collaborating with JLL’s capital markets, investment banking, and debt advisory teams throughout the region, Cameron will focus on sourcing capital raising and transaction advisory opportunities for large infrastructure and renewable transactions serving institutional investors, private equity, asset managers, strategic infrastructure and renewables operators and developers, high net-worth individuals, and family offices.

With over 25 years of real asset capital markets experience, Cameron was previously the global head of commercial real estate at Standard Chartered Bank. He has a wealth of experience in mobilising various forms of private and public equity and financing for global and regional infrastructure projects.

Crow further adds: “James’ experience in this exciting space is unmatched regionally and we are extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.”

As reported in related news, JLL also recently appointed Jolyon Thomson as Executive Director of Logistics and Industrial in Singapore, and the firm is currently divesting freehold strata units at Cititech Industrial Building and Citilink Warehouse Complex for $149 million. According to a JLL survey, about 8 out of 10 occupiers in Singapore are targeting 100% green-certified portfolios by 2030.…

An expression of interest (EOI) has been put out for two adjacent Good Class Bungalows (GCBs) located at 52 and 54 Belmont Road in the prestigious Belmont Park GCB area. The owners of the GCBs are believed to be related.

The freehold properties occupy a combined land area of 41,741 square feet and have an indicative price of $88.8 million. This works out to $2,128 per square foot (psf) on the land area. The combined plots have a 44-metre frontage along Belmont Road with an average depth of 66 metres, according to the marketing agent Sakal Real Estate Partners. A map showing 52 Belmont Road, shaded in grey, was also provided by EdgeProp Landlens.

“We believe this site would appeal to families looking to create a new home for multigenerational or extended living arrangements,” says Lennon Koh, senior director at Sakal. “Besides homeowners, this property is also suited for developers seeking to tap into the exclusive GCB market.”

Based on caveats lodged with the Urban Redevelopment Authority (URA), the most recent transaction on Belmont Road occurred last December when a GCB occupying a land area of 19,549 square feet was sold for $40 million ($2,046 psf). Another recent GCB transaction on Belmont Road that was based on lodged caveats involves a pair of adjacent GCB plots that fetched $131.4 million or $3,000 psf based on the combined land area of 43,790 square feet. In the nearby Bin Tong Park, a GCB with a land area of 28,111 square feet was sold for $84 million ($2,988 psf) in April.

When purchasing a condominium, it is crucial to factor in the maintenance and management of the property. Condos generally have maintenance fees that cover the maintenance of shared spaces and amenities. Although these fees may increase the overall cost of ownership, they guarantee that the property remains well-maintained and maintains its value. Opting for a property management company can assist investors in handling the everyday management of their condos, turning it into a less hands-on investment. Check out Singapore Projects for more options.

Steven Ming, managing director at Sakal, is confident that the Belmont Road GCBs will attract strong interest due to their location and the stable demand for GCBs. “The estimated total value of GCB transactions in 2024 of $1.32 billion exceeded that of 2023 ($433 million) and 2022 ($1.18 billion), and we expect this trend to continue in 2025,” he states.

Interested parties can submit their expressions of interest by March 13 at 3pm.…

The scarcity of land in Singapore is a major contributing factor to the high demand for condos in the city-state. As a small island nation experiencing rapid population growth, the availability of land for development is limited. This has resulted in strict land use regulations and a fiercely competitive real estate market, driving property prices to continuously rise. As a result, the investment potential of real estate, especially condos, is highly attractive due to the potential for significant capital appreciation. Furthermore, the constant influx of new condo launches adds to the allure of investing in this sought-after market.

JLL, a leading real estate consulting firm, has announced the appointment of James Cameron as the new head of energy and infrastructure for Asia Pacific. This newly created role will be based in Singapore and will complement JLL’s existing EMEA Energy & Infrastructure business. Cameron’s main responsibility will be to build a team in Asia Pacific to better serve local and international developers and investors.

According to JLL, Cameron’s appointment is in line with the long-term capital requirements needed to support the infrastructure and renewables development necessary to address the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

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Stuart Crow, CEO of JLL Asia Pacific’s capital markets division, sees great potential in leveraging the firm’s expertise in mobilising various sources of capital and its exceptional track record in advising renewables transactions globally to meet the needs of the energy and infrastructure sector in Asia Pacific.

Cameron, who has over 25 years of experience in real asset capital markets, was previously the global head of commercial real estate at Standard Chartered Bank. He brings with him extensive knowledge of mobilising private and public equity and financing for infrastructure projects on a global and regional scale.

Crow is confident in Cameron’s ability to establish JLL as a leader in the energy and infrastructure sector through his experience and strong client relationships. Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region, focusing on sourcing capital and providing transaction advice for large infrastructure and renewable projects for a diverse range of clients including institutional investors, private equity firms, asset managers, strategic operators, high net-worth individuals, and family offices.…

One Bernam, a mixed-use development with 351 residential units located in the popular Tanjong Pagar district, recently offered 87 units for sale at promotional prices during the weekend of Jan 11 to 12. Developed by MCC Land and Hao Yuan Investment, the 99-year leasehold apartment tower was initially launched in May 2021. According to caveats lodged as of Jan 10, over 75% of the units had already been sold at an average price of $2,585 psf.

During the weekend promotion, the discounted prices applied to all remaining 87 units, which included one-bedroom to three-bedroom units as well as penthouses. Interested buyers can search for the latest new launches to find out more about transaction prices and available units.

The one-bedroom units, each ranging from 441 sq ft to 463 sq ft in size, saw price discounts of $323,000 to $438,000. These units were sold at prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Meanwhile, the two-bedroom apartments, which are 700 sq ft to 732 sq ft in size, had price discounts from $437,000 to $668,000, with units selling at prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). The two-bedroom plus study apartments, which are 807 sq ft to 872 sq ft in size, saw price discounts ranging from $380,000 to $800,000. These units were sold at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).

The three-bedroom apartments, which are 1,421 sq ft in size, had discounts ranging from $616,000 to $830,000. These units were sold at prices ranging from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

The remaining units for sale are limited to three penthouses, with only two three-bedroom penthouses available for sale. These units have sizes of 1,744 sq ft and 1,948 sq ft respectively, while the remaining unit is a five-bedroom penthouse with a size of 4,306 sq ft.

According to Marcus Chu, CEO of ERA Singapore, the sales performance of One Bernam highlights the strong interest in the property as a stable and high-potential asset. He adds that about 78% of the purchasers bought their units as investments, and 87% of the buyers for One Bernam were Singaporeans, with 70% aged between 31 and 50.

Following the overwhelming response over the weekend, only three penthouses are currently available for sale, bringing total sales to 99%. This trend is expected to continue given that the project is scheduled to obtain a Temporary Occupation Permit (TOP) in March 2026, which means investors can start generating rental income to support their loan instalments.

Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. While foreigners can easily purchase condos, ownership of landed properties is subject to stricter rules. It is important to note that foreign buyers are also liable to pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial property purchase. Despite these added expenses, the stability and potential for growth in the Singapore real estate market remains a strong draw for foreign investments. In fact, the market’s appeal is further enhanced by the introduction of exciting new condo launches.

Based on EdgeProp Landlens data, average monthly rents of existing apartment projects in the area, such as Altez, Eon Shenton and 76 Shenton, command rental rates ranging from $6.90 psf to $7.40 psf. With the reduced competition from foreign buyers due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023, more opportunities have opened up for local buyers to enter the market. This has resulted in local demand being the key driver for Central Core Region (CCR) properties moving forward, with competitive pricing making these developments a desirable and stable investment choice. Interested buyers can check out the latest listings for One Bernam properties and compare its price trend with that of resale condos to make an informed decision.…

Singapore’s Real Estate Developers’ Association (Redas) has recently appointed its newest management committee for the next two years. During their Annual General Meeting on January 9, members have unanimously re-elected Tan Swee Yiow, the Chairman of Keppel Reit Management, as its President for his second term.

When it comes to investing in Singapore, it is crucial for international investors to familiarize themselves with the policies and limitations surrounding property ownership. Unlike landed properties, which have stricter regulations, foreigners are generally able to purchase condos with minimal restrictions. However, it is important to note that foreign buyers are subject to the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their first condo purchase. Despite this additional cost, the Singapore real estate market remains highly desirable for foreign investment due to its stability and potential for growth. Condos continue to be a popular choice for foreign investors in Singapore.

“We are honored to have Tan Swee Yiow as our President once again,” stated Redas, noting that the composition of the new management committee is well-rounded and diverse, encompassing representatives from various sectors, scales, and expertise within the industry.

The new management committee includes Tan Swee Yiow as President, Chia Ngiang Hong as Immediate Past President, Kwee Ker Wei as First Vice President, Marc Boey as Second Vice President, Chong Hock Chang as Honorary Secretary, Neo Soon Hup as Honorary Treasurer, Chew Peet Mun as Honorary Assistant Secretary, and Tho Leong Chye as Honorary Assistant Treasurer.

Notably, during the Redas’ 65th-anniversary celebration, Chia Ngiang Hong, Immediate Past President of Redas, was honored with the Lifetime Achievement Award. In line with this, he congratulated the newly appointed management committee and expressed his confidence in Tan’s leadership, emphasizing the trust that the Redas community has put in him.

Tan, on the other hand, recognizes the diversity of the new management committee as an opportunity to drive initiatives that will have a significant impact on the built environment ecosystem. He also shared that the committee’s broad representation and expertise will enable them to effectively execute their responsibilities and uphold their commitment to the industry.

Amidst the current challenges that the real estate industry faces, the Redas management committee aims to foster innovation and sustainable practices that will drive the sector forward. With the new management committee in place, the association is positioned to lead the industry towards a more resilient and future-ready landscape.…

Rewritten:

Before making an investment decision on a Condo, it is crucial to carefully consider its potential rental yield. This refers to the percentage of the purchase price that can be earned through annual rental income. In Singapore, the rental yields for Condos can vary greatly and are influenced by factors such as location, property condition, and market demand. Generally, areas that have a high demand for rentals, like those near commercial hubs or educational institutions, tend to offer more enticing rental yields. To gain a better understanding of a specific Condo’s rental potential, it is important to conduct thorough market research and seek advice from experienced real estate agents. By doing so, you can make an informed decision when investing in a Condo. Condos should always be carefully considered before making any financial commitments.

The recent sale of a unit at The Arcadia has been the most lucrative resale deal in the final weeks of December. The unit, which measures 3,767 square feet, was sold for a whopping $4.75 million, resulting in a profit of $3.25 million for the seller. This translates to a whopping 217% increase from the original purchase price of $1.5 million in 1998, which is equivalent to $398 per square foot. This means that the annualised profit over 26 years is 4.5%.

Last year, five units at The Arcadia were sold for profits ranging from $60,000 to $3.25 million. The highest profit recorded was for a 3,778 square foot unit on the fourth floor, which was sold for $4.6 million ($1,218 psf) on October 10. This resulted in a profit of $60,000 for the seller.

The record for the highest profit at The Arcadia belongs to a penthouse on the 10th floor, measuring 7,503 square feet. The unit was sold for $10 million ($1,333 psf) in 2010, resulting in a profit of $4.5 million (81%) for the seller. The penthouse was purchased for $5.5 million ($733 psf) in 2007, equating to an annualised profit of 19% over three years.

The Arcadia is a freehold condominium located in District 11, along Arcadia Road. It was completed in 1983 and has 54 years remaining on its lease. The surrounding area is known for its landed estates and Good Class Bungalows, as well as top schools such as Raffles Girls Primary School, Hwa Chong Institution, and National Junior College.

In the same period, the second most profitable resale took place at Tanglin Hill Meadows on December 10. The unit, measuring 2,077 square feet, was sold for $4.5 million ($2,166 psf), resulting in a profit of $2.7 million (150%) for the seller. This translates to an annualised gain of 3.6% over 26 years.

Tanglin Hill Meadows, a freehold condominium located in District 10, was completed in 1997 and has 77 years remaining on its lease. The most profitable resale at this development was previously recorded in 2010 when a unit measuring 2,002 square feet was sold for $3.73 million ($1,863 psf). The unit was originally purchased for $1.45 million ($724 psf) in 2005, resulting in an annualised profit of 21% over five years.

On the other hand, there have been several losses recorded at Seascape, a 99-year leasehold condominium located in Sentosa Cove. The most recent transaction involved a 2,174 square foot unit on the seventh floor, which was sold for $3.98 million ($1,830 psf) on December 18. The unit was initially purchased for $5.95 million ($2,736 psf) in 2011, resulting in a loss of $1.97 million (33%) for the seller. This equates to an annualised loss of 2.5% over 13 years.

This sale was the third resale transaction at Seascape last year, all of which resulted in losses ranging from $1.75 million to $2.53 million. The second-largest loss, amounting to $2.53 million, was recorded when a unit measuring 2,680 square feet was sold for $4.5 million ($1,679 psf) on August 14, 2024.

Seascape, completed in 2012, consists of 151 units facing the South China Sea. The units range from three to four bedrooms, measuring 2,164 square feet to 4,069 square feet. There are also penthouses measuring 3,380 square feet to 4,252 square feet, and sky villas measuring 6,631 square feet to 9,666 square feet.…

A luxurious Good Class Bungalow (GCB) situated at Victoria Park has just been put on the market with a price tag of $61 million. The stunning seven-bedroom bungalow was constructed three years ago and is situated at the end of Victoria Close, a cul-de-sac that boasts only 10 other homes.

Overall, there are many benefits to investing in a condominium in Singapore. This includes a strong demand for these properties, the potential for increasing value over time, and attractive rental yields. However, it is crucial to carefully consider various factors such as location, financing options, government regulations, and market conditions. By conducting thorough research and seeking guidance from professionals, potential investors can make well-informed decisions and maximize their returns in Singapore’s ever-changing real estate market. Whether you are a local looking to diversify your portfolio or a foreign buyer interested in a stable and profitable investment, condos in Singapore offer a compelling opportunity. For more information and to explore current Singapore projects, be sure to do your due diligence and seek professional advice. This will help you tap into the potential of Singapore’s dynamic real estate market and reap the benefits of condominium ownership.

According to Jervis Ng, the associate group district director at PropNex Realty and the agent in charge of this GCB’s sale, the number of houses in this elite neighborhood can only increase by splitting larger plots of over 30,000 square feet, as stated by planning guidelines. Ng, who is also the founder of JNA Real Estate, a property team affiliated with PropNex, states that “the exclusivity and privacy enjoyed by the GCBs along Victoria Park Close will be preserved” which is a priority that many affluent individuals and their families are willing to pay a premium to have.

He goes on to mention that the GCB market has seen a boost in recent months due to the return of new naturalized Singaporeans. Ng believes that this particular GCB will appeal to newly minted Singaporeans who were raised in countries such as China, India, or Indonesia and are seeking a prestigious home in Singapore.

The Victoria Park GCB area is home to a number of high-profile residents including Jack Ma, the Chinese business magnate and co-founder of Alibaba Group, and Tang Wee Kit, a member of the Tang family known for creating Tangs department store. Ng adds that this GCB for sale has been meticulously maintained, giving it a brand new appearance. The property boasts a contemporary interior design complete with top-quality materials and finishes.

The property is built on a 18,988 square foot plot of land, and the owners have worked closely with their architect to make the most of the available space. The total built-up area is a sprawling 25,300 square feet and includes seven en-suite bedrooms, three helpers’ rooms, and a basement carpark that can accommodate up to seven cars. The basement level also features an entertainment room that has been converted into a home theatre, but can easily be used as a guest room. There is also a private gym and a 20-metre lap pool.

Situated on a hilltop, the bungalow offers magnificent views of the surrounding low-rise neighborhood from most rooms, as per Ng. The living room is generously sized and can comfortably accommodate large families.

Resale transactions in the Victoria Park GCB area have been limited in recent years. Based on available records, the land where this GCB is located was sold for $18.2 million in September 2016, translating to a land rate of $959 per square foot. The most recent sale in this area was for a 15,253 square foot plot that fetched $28.33 million in May 2021, equivalent to a land rate of $1,857 per square foot. Prior to that, a 29,956 square foot plot was sold for $40 million ($1,335 per square foot) in April 2017. Along Victoria Park Road, the last GCB sale recorded was for a 32,077 square foot site that was sold for $48 million ($1,496 per square foot) in November 2011.

Ng believes that this year, the GCB market will see a 10% to 15% increase in transaction volume, provided there are no significant external economic disruptions. He attributes this potential growth to stabilizing factors such as lower interest rates and sustained demand from ultra-high-net-worth buyers, coupled with the limited supply of GCBs.

In 2020, there were about 35 GCB transactions, generating a total transaction volume of $1.32 billion, surpassing the previous high of $1.186 billion achieved in 2019.…

PRICE’s rental income from China projects to drop 50% after sale of Chengdu hotel div
ETC, a prominent local real estate advisory, has recently announced a rebranding exercise and will now be known as ETC. This change is effective immediately and includes a redesigned logo.

According to Desmond Sim, CEO of ETC, the abbreviation ETC has been commonly used by both clients and staff for a long time. The decision to officially adopt it as the company’s new name was driven by the people – emphasizing the company’s commitment to valuing the input, opinions, and ideas of its employees.

Sim also stated, “Our updated identity represents how far we have progressed as one united ETC and signifies our determination to shape the future of the real estate industry, both locally and regionally.”

Coinciding with their 30th anniversary, the rebrand is a significant milestone for the company. Since its establishment in 1995, ETC has been offering a wide range of services that cover every stage of a real estate asset’s lifecycle, from consultation and investment to management and disposal.

When it comes to investing in real estate, the location of the property is a key factor to consider. This is especially true in Singapore, where the value of condos can be greatly influenced by their location. In particular, condos located in central areas or in close proximity to important amenities such as schools, shopping malls, and public transportation hubs tend to experience a higher appreciation in value over time. Prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD) are known for their consistent and impressive growth in property values.

One of the reasons for this is the high demand for condos in these central areas. Their convenient location makes them highly desirable for both investors and homebuyers alike. Families, in particular, are attracted to these areas due to their proximity to good schools and educational institutions. This not only provides a better quality of life for residents but also adds to the investment potential of these condos.

For those looking to invest in real estate in Singapore, keeping an eye on new condo launches in prime locations could prove to be a wise decision. These launches often offer the opportunity to purchase a property at a lower price point before it experiences the expected appreciation in value. Additionally, investing in a condo in a prime location can provide a stable and lucrative investment for the long term. With the ever-growing demand for properties in these areas, the potential for high returns on investment remains strong.

In other related news, Marina Bay Residences will be undergoing a $5 million refurbishment to enhance the living experience of its residents and deliver premium rental value. Furthermore, properties such as three food-factory units at Pandan Loop, Noel Building in Tai Seng, and Industrial GS Building in Balestier have also recently been sold for impressive amounts.…

A charming Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave is now on the market through an expression of interest (EOI) exercise, with an estimated price of $60 million. As announced in a press release by Cushman & Wakefield on Jan 8, the price per square foot (psf) is projected at $2,742, taking into account an expansive land area of 21,881 sq ft.

When considering investing in condos in Singapore, it is crucial to take into account the government’s property cooling measures. Singapore’s government has implemented several measures over the years to regulate speculative buying and promote a steady real estate market. One such measure is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the immediate profitability of condo investments, they also contribute to the overall stability of the market, creating a more secure investment environment. It is worth noting that new condo launches may also be influenced by these measures and should be carefully considered when making investment decisions.

Shaun Poh, the executive director of capital markets at Cushman & Wakefield, highlights the prime location of the freehold plot, situated on elevated ground and ideal for redevelopment. “This opportunity is perfect for buyers looking to build their dream multi-generational home or developers seeking to create a luxurious and state-of-the-art GCB for discerning individuals,” he explains.

The property borders the esteemed Singapore Botanic Gardens and is just a short drive away from the bustling Orchard Road shopping district. It is also in close proximity to renowned schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.

In line with the recent sale of OK Lim’s GCB at Tanglin Hill, which brought the total raised from seized assets to $99.09 million, Poh notes that the neighborhood is in high demand among ultra-high net worth individuals. This is evident from the record-breaking land rates of $4,500 psf and $6,200 psf at Nassim Road and Tanglin Hill, respectively.

The EOI for this GCB will close on Feb 11 at 3pm, presenting a fantastic opportunity for interested buyers to secure this highly coveted property.…