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GuocoLand sole bidder for Lentor Gardens GLS site at $985 psf ppr

Posted on April 4, 2023

The tender for a residential government land sale (GLS) site at Lentor Gardens closed today with just one bid from GuocoLand and Intrepid Investments, a subsidiary of Hong Leong Group. The two joint venture partners submitted a bid of $486.8 million, translating to a land rate of $985 psf per plot ratio (psf ppr).

Guoco Land has envisioned a new high-end residential development with around 533 units, and 600 sqm of childcare facilities for the site. The future development is intended to complement other two upcoming developments – Lentor Modern and Lentor Hills Residences – as part of plans to transform the Lentor Hills estate to be widely known as a premium residential area.

Mark Yip, CEO of Huttons Asia, observes that the $958 psf ppr bid is the lowest for a land parcel in the Lentor precinct. It is also the first residential GLS tender to see only one …

The Myst Condo by City Developments Limited Aries at Bukit Panjang MRT Station

Posted on April 1, 2023

The Myst CDL Condo a brand new development from City Developments Limited (CDL Aries), is situated at the core of Bukit Panjang and Cashew. CDL Aries has acquired the rights to the two adjacent plots at 798 and 800 Upper Bukit Timah Road in the Tan Chong industrial park in the north of Singapore. Spanning an area of 16,620 square metres (178,900 square feet) and with a plot ratio of 2.1, this residential property has been authorised to be built up to 24 storeys.

In recent years, the nation-state has attempted to enliven the Bukit Timah vicinity via multiple initiatives to facilitate better mobility and augment verdant areas in the area. The Railway Corridor scheme in the vicinity of The Myst Condo will be instrumental in converting prior railway tracks into a communal space. The Beauty World renewal plan, on the other hand, is intended to form a green urban …

City Developments Real Estate Developer Sustainability Efforts

Posted on April 1, 2023

City Developments Limited (CDL) is a Singapore-based real estate company that has been in operation since 1963. Over the years, CDL has expanded its operations globally and is now present in 30 countries across the world. The company has a diverse portfolio of properties that includes residential, commercial, and industrial properties, as well as hotels and serviced apartments.

Recent Developments

In the last few years, CDL has focused on expanding its presence in key markets across the globe. In 2018, the company entered into a joint venture with China’s largest developer, Vanke, to develop a residential project in Hong Kong. The project, called The Pavilia Bay, is a luxury residential development that is situated in the Tai Po district of Hong Kong. The development consists of 983 units, ranging from one to four-bedroom apartments, and is set to be completed in 2022.

In addition to its joint venture with Vanke, …

Why Bukit Panjang Is The Preferred Housing Estate for Singaporeans

Posted on April 1, 2023

Bukit Panjang, a town located in the western region of Singapore, has become increasingly popular among Singaporeans as a preferred housing estate. With a variety of housing options, amenities, and accessibility, it is no wonder why Bukit Panjang has become a top choice for many. In this article, we will explore the reasons why Bukit Panjang is the preferred housing estate for Singaporeans.

Affordable Housing Options

One of the key reasons why Bukit Panjang is popular among Singaporeans is because of its affordable housing options. With a range of housing options from HDB flats to private condominiums, there is something for everyone. The HDB flats in Bukit Panjang are particularly popular among young couples and families as they offer spacious living spaces at affordable prices. The town also has a good mix of older and newer developments, providing a range of options for homebuyers.

Accessibility

Another reason why Bukit Panjang …