smokestack – Page 2 – Smoke Condo Stacks

Approximated Initial List Price of $1,300 psf for Units at Bukit Batok West Avenue 5 Lumina Grand

by smokestackAugust 31, 2023September 1, 2023

Estimated Initial List Price for Lumina Grand EC units at the Bukit Batok West Avenue 5 site is roughly $1,300 psf. This new Executive Condo (EC) launch is developed by renowned Hoi Hup Realty Sunway Group. Soaring to a height of 24 storeys, this residential development offers 384 units with a selection of 1 to 5 bedroom types.

Lumina Grand EC offers plenty of facilities and features such as 50m lap pool, poolside cabanas, jacuzzi pools, aqua gym, clubhouse and BBQ area, among others. It also enjoys a strategic location close to schools and the upcoming Bukit Batok West MRT Station (Downtown Line 3) and easy access to major expressways.

The estimated initial list price for units at the Bukit Batok West Avenue 5 site is approximated to be around $1,300 psf.

In comparison to the bids, the land rate of Lumina Grand EC is significantly lower than the $662 …

Tengah Plantation Close EC: The Ultimate in Convenience, Security, and Smart Living Features

by smokestackAugust 30, 2023

The enticing features of smart living at Tengah Plantation Close EC make it an attractive option for those seeking the ultimate in convenience and security. The residence provides a comfortable atmosphere and offers many amenities that make it the perfect place to call home. Residents can access top-notch facilities such as swimming pools, gymnasium, and a clubhouse, as well as a variety of amenities like 24-hour security, carpark, and a playground. Moreover, the stunning views of the surrounding nature coupled with the intelligent smart living features make this residence a desirable choice. With all these features, Tengah Plantation Close EC is the ideal place to live for anyone looking for a secure and convenient place to live.
Residents of Tengah Plantation Close EC will enjoy the convenience of being close to all the amenities they need to live comfortably, with retail outlets, health and fitness centers, schools, and the Tengah …

Tengah Plantation Close Executive Condominium: A Luxurious Lifestyle with World-Class Amenities and Facilities

by smokestackAugust 30, 2023October 10, 2023

They can access a variety of activities, including shopping and dining. In addition, well-appointed homes with highly modern and elegant touches add an added level of comfort to the living experience. The development also houses a host of recreational facilities, such as swimming pools, gymnasium, and jogging tracks, to provide further entertainment and relaxation. With these attractive features, Tengah Plantation EC is definitely the ideal home for those seeking a unique and luxurious lifestyle.

Tengah Plantation Close EC is an exemplary choice for those looking for a lavish lifestyle. Boasting a full range of amenities and facilities, it provides residents with a safe and comfortable environment. Here, occupants can benefit from the convenience and comfort of living in a state-of-the-art development.

Residents living at the Tengah Plantation Close EC enjoy the convenience of having the nearby Jurong East Integrated Transport Hub closeby. The transportation hub offers easy access to the …

International Dining and Entertainment Options at Orchard Boulevard GLS Enjoy Authentic Italian, Indian, & Chinese Food, Plus a Cineplex & Bowling Alley

by smokestackAugust 20, 2023August 20, 2023

The Orchard Condo area of Singapore offers a wide variety of activities and attractions for locals and tourists alike. Whether it be shopping, dining or entertainment, Orchard Condo has it all. Shopping-wise, one can find some of the world’s finest luxury brands along Orchard Street. Apart from local boutiques, malls, and shopping centres, one can explore many unique antique stores and souvenir shops.

ION Orchard – a futuristic architectural marvel – is home to more than 300 retail, F&B, and entertainment stores. Residents of Orchard Boulevard Condo Tender GLS have a variety of luxury brands to choose from, including Louis Vuitton, Prada, and Dior, as well as popular high-street names like Zara and Uniqlo. When it comes to dining, the selection ranges from traditional Italian cuisine to Indian and Chinese eateries. Additionally, ION Orchard also offers fun entertainment options, like a Cineplex and bowling alley.

The imminent finish of the …

CapitaLand and UOL-SingLand’s 50-50 Joint Venture: 1,190 New Homes and Retail Amenities Planned for Tampines Ave 11 Condo

by smokestackJuly 11, 2023July 11, 2023

The joint venture’s stake distribution for the Tampines Avenue 11 Condo was revealed on June 27. CapitaLand has retained a 50% stake, with UOL and SingLand equally splitting up the rest. This mixed-use development is expected to house 1,190 new homes, along with retail and community amenities to cater to the rising population in Tampines North. It is anticipated to provide an extensive range of facilities for the local residents.

The distribution of stakes for the Tampines Ave 11 Condo joint venture has been established with CapitaLand taking a 50% share and UOL and SingLand splitting the remaining half. As revealed in a press release on June 27, the joint venture will create a mixed-use development featuring 1,190 new homes, as well as retail and community amenities to cater to the needs of the growing population in Tampines North.

Mixed-use projects, in which multiple uses are integrated into a single …

Hong Kong’s Shui On Land forms JV for Shanghai redevelopment project

by smokestackApril 21, 2023October 14, 2023

Shui On Land, a Hong Kong-listed property company, has entered a joint venture with Shanghai Pucheng, a state-owned enterprise, to complete a redevelopment project located in Pujiang Town, in Minhang district of Shanghai, China. The project aims to restore the area’s unique historical and cultural identity and redevelop Zhaojia Lou Ancient Town into a “new landmark of Shanghai”.

The location, known for its canals and water towns, is already a popular tourist destination with an AAAA rating from Chinese authorities and over 500,000 visitors per year. It is conveniently located next to the Shanghai Shenjiahu Expressway, the Shanghai North-South Elevated Road, and two subway lines.

The joint venture between Shui On Land and Shanghai Pucheng will redevelop land parcels that stretch to Jiageng Road to the east, Yaojia Bang to the south, Huichi Road to the west, and Xiaoyan Lake to the north. The new development will include residential, commercial …

Five-bedder at Parc Stevens sold for $2.65 mil profit

by smokestackApril 21, 2023October 13, 2023

The most profitable condo resale transaction recorded during the week of April 4 to 11 was the sale of a first-floor unit at Parc Stevens, a condo on Stevens Drive, off Stevens Road in prime District 10. A 3,466 sq ft, five-bedroom unit was sold for $7.86 million ($2,265 psf) on April 10, 16 years after it was bought for $5.2 million ($1,500 psf). This means the seller netted a profit of $2.65 million (51%) and it marks the highest psf-price recorded at Parc Stevens and the second most profitable transaction ever recorded at the development.

It is also the first unit to change hands this year at the 48-unit freehold condo which was completed in 2000. It comprises three lowrise blocks spanning four storeys each and consists of a mix of three- to five-bedders ranging from 1,722 to 3,466 sq ft. The condo is a five-minute walk to the …

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

by smokestackApril 21, 2023

The manager of CapitaLand Ascendas REIT (CLAR) has announced the divestment of Singapore industrial building KA Place for a consideration of $35.38 million. According to an April 20 filing, the REIT’s trustee, HSBC Institutional Trust Services (Singapore), has entered into a sale and purchase agreement to sell KA Place to KA Place SPV 1.

The consideration sum is impressive, representing a 219% premium to CLAR’s purchase price of $11.1 million in March 2005 and a 55% premium to the property’s market valuation of $22.8 million as at Dec 31, 2022.

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

The proposed divestment is in line with the manager’s proactive asset management strategy to improve the quality of CLAR’s …

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

by smokestackApril 21, 2023

In the next five years, The Ascott Limited – the lodging business unit of Capitaland Investment – aims to double its fee revenue to more than USD500 million, off a base of USD258 million achieved in FY2022, which is its highest earnings on record. This growth was buoyed by robust signings and property openings, with the business having already achieved its target of securing 160,000 units by 2023 with the signing of over 4,000 new units in 1QFY2023.

Units span serviced residences, hotels, co-living and senior living brands that are positioned in the mid to luxury range. The fee revenue will be augmented by an anticipated growth rate of 8-10% annually over the next five years, driven by both new property openings and new signings.

CEO of Ascott and Capitaland Investment (CLI) Lodging, Kevin Goh, was optimistic, noting that “Ascott has doubled in units every five years, growing from about …

EL Development draws 4,000 at three-day preview of Blossoms By The Park

by smokestackApril 17, 2023

, The Star Vista mall, and the Greater Southern Waterfront on EdgeProp.sg
Over the past three days since its sales gallery opened on April 14, Blossoms By The Park has attracted 4,000 visitors, mostly locals, according to EL Development’s Managing Director Lim Yew Soon.

Set in one-north, the 275-unit private condo includes a mix of one- to four-bedroom units. Prices for its units start from $1.291 million for the one-bedroom-plus-study unit, $1.499 million for a two-bedroom, and from $1.585 million for a two-bedroom-plus-study. Three-bedroom dual-key units come in from $2.082 million, while three-bedroom units begin from $2.279 million. For the four-bedroom units, they start at $2.921 million, with four-bedroom premium units being from $3.335 million.

The launch is scheduled on April 29 and according to SRI Managing Partner Ken Low, the estimated average sale price will lie in the range of $2,350 to $2,400 psf. The project, mainly ideal for …