SINGAPORE VIEW A COLLECTION OF THE FINEST PROPERTIES & DEVELOPMENTS MAR 2018 - JUN 2018 - Knight Frank
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SINGAPORE
VIEW
A COLLECTION OF THE FINEST
PROPERTIES & DEVELOPMENTS
MAR 2 0 1 8 - J UN 2 0 1 8
MARCH 2018 - JUNE 2018 • 1
CONTENTS
04
15 WELCOME
06
MARKET RESEARCH
12
ADVISORY SERVICES
14
AUCTION & SALES
21 32
INDUSTRIAL
27
INVESTMENT &
CAPITAL MARKETS
33
OFFICE
34
PROPERTY ASSET
MANAGEMENT
SINGAPORE VIEW • 2
37 36
RESIDENTIAL
LOCAL PROJECTS
45
RESIDENTIAL
INTERNATIONAL
PROJECTS
63
51 RESIDENTIAL
LEASING
64
RETAIL
31 61
MARCH 2018 - JUNE 2018 • 3
SINGAPORE VIEW
MAR 2018 - JUN 2018 EDITOR Liew Lixia
RESEARCH CONTENT Alice Tan
COVER IMAGE PARK PLACE RESIDENCES AT PLQ MARKETING Phyllis Goh
READ MORE ON PAGE 36 DESIGNER Regina Ang
SINGAPORE VIEW • 4
WELCOME
Fresh waves continue to flow through the Singapore The manufacturing sector remains a key engine
residential market, following a year of record land bid of economic growth in the fourth quarter of 2017,
prices and an upturn in recovery for the property market. particularly in the strongholds of electronics and precision
In a surprise announcement, the recent Budget revealed engineering. The Singapore Purchasing Managers’
a hike in the Buyer's Stamp Duty (BSD) rate from 3 per Index expanded for the 16th consecutive month in
cent to 4 per cent for residential properties worth more December 2017 to 52.8, a slight dip of 0.1 from its high
than S$1 million, beginning end February. in November 2017. In the wake of the en bloc fever over
the last year, construction demand is anticipated to rise,
However, given positive market sentiments and with the construction sector possibly sourcing out more
heightened interest in the residential market, the 1 per industrial production and warehousing spaces to meet
cent increase in BSD is unlikely to deter buying demand, the growing demand from upcoming new residential
supporting the upward trend witnessed by the Property projects.
Price Index for all market segments, which climbed
1.1% year-on-year (y-o-y) in Q4 2017, which was the Moored by active leasing activity, prime grade office rents
highest growth seen since Q4 2013. Over 10,600 new have persisted in its route to recovery, with landlords
private homes are slated for completion in 2018, with the of Grade A+ office buildings gradually adjusting rents
Outside Central Region contributing to more than half of upwards, in view of the limited new supply of prime
the upcoming supply. offices projected to come on stream, till 2020. Grade A
office space rents increased across several precincts,
The retail market, on the other hand, continued to be with the Suntec / Marina Centre precinct witnessing the
weighed down by rising business costs and manpower highest growth of 1.7% q-o-q in Q4 2017. The supply-
shortages in 2017. Faced with further challenges wrought led demand for ‘flight to quality and efficiency’ for prime
by rising competition from e-commerce services and office space is expected to carry through to 2018, as
changing consumer expectations, demand for new retail tenants relocate to larger and more efficient floor plates
spaces across the board has remained soft, as retailers to fulfil their evolving operational requirements, or right-
take a measured approach towards expansion plans. size their spaces by adopting activity-based workplace
Despite strong headwinds, prime rents for retail spaces solutions.
along Orchard Road have remained resilient, inching up
0.8% y-o-y in Q4 2017. With the shopping belt’s enduring Looking ahead, demand for office space is expected to
popularity amongst international retailers, Orchard Road be fuelled by growth drivers on the back of government
continues to be a choice location for retailers looking to and private sector initiatives, as the economic prospects
establish a brand presence in Singapore. for Singapore in 2018 grow brighter.
Danny Yeo
Chairman & Group Managing Director
Knight Frank Pte Ltd
MARCH 2018 - JUNE 2018 • 5
MARKET
RESEARCH
SYNOPSIS
RESIDEN T I AL
The Property Price Index of all market segments climbed 1.1% year-on-
year (y-o-y) in Q4 2017, the highest growth seen since Q4 2013. The total
“
52.7% increase in
New Sale, Sub-sale and Resale residential transaction volume also hit
25,010 units for 2017, a 52.7% increase from 2016. The key reason behind
the strengthened performance of the private residential market could be
transaction volume
alluded to the release of pent-up demand from prospective homebuyers
amid market expectations that home prices will rise in 2018 following the
record land bid prices seen in 2017.
Average gross rental yields for the high-end and mass-market segments UPCOMING PRIVATE RESIDENTIAL SUPPLY,
declined in Q4 2017 to 2.78% and 3.20% respectively. The decline was BY MARKET SEGMENT, AS AT Q4 2017
the largest for the high-end market segment, with a 0.10% q-o-q drop.
Average gross rental yields for the mid-tier market held steady at 3.10% Source: URA, Knight Frank Research CCR RCR OCR
in the same quarter.
Approximately 10,634 private homes are slated for completion in 2018
NO.OF UNITS
12,000
according to Q4 2017 statistics from URA. The Outside Central Region
(OCR) will contribute to more than half of this upcoming supply.
AVERAGE RESALE PRICES, RENTS AND GROSS YIELDS OF 10,000
PRIVATE RESIDENTIAL PROPERTY, BY MARKET SEGMENT
Source: REALIS, (based on data as at 20 January 2018),
URA (based on rental contract data as at 20 January 2018), Knight Frank Research
AVERAGE RESALE PRICES Q4 Q4 Y-O-Y 8,000
(S$ PER SQ FT STRATA AREA) 2016 2017 CHANGE
HIGH-END $1,969 $2,072 5.2%
MID-TIER $1,485 $1,549 4.3%
MASS-MARKET $ 972 $ 983 1.2% 6,000
AVERAGE RENTS
(S$ PER SQ FT STRATA AREA PER MONTH)
HIGH-END $4.96 $4.80 -3.2%
MID-TIER $4.15 $4.00 -3.7% 4,000
MASS-MARKET $2.73 $2.62 -3.9%
GROSS YIELDS (%)
HIGH-END 3.03% 2.78% 2,000
MID-TIER 3.37% 3.10%
MASS-MARKET 3.35% 3.20%
0
2018 2019 2020 2021 2022 >2022
SINGAPORE VIEW • 6
RE TAIL MAJOR UPCOMING RETAIL SUPPLY IN
The Singapore retail market continued to be weighed down by rising business KEY PRECINCTS (ABOVE 50,000 SQ FT NLA)
costs and manpower shortage in 2017. As retailers face competition from
e-commerce services and changing consumer expectations, demand for Source: Knight Frank Research
new retail spaces remained soft. Moving forward, landlords and retailers
FRINGE AREA DOWNTOWN CORE ORCHARD
are expected to further integrate technology into their operations and
REST OF CENTRAL AREA SUBURBAN
physical stores to attract shoppers in 2018.
Rents of prime spaces remained weaker than a year ago. On a y-o-y basis,
NETT LETTABLE RETAIL SPACE (’000 SQ FT)
island-wide prime rents compressed 0.8% from S$30.90 per square foot 1,400
per month (psf pm) in Q4 2016 to S$30.70 psf pm in Q4 2017; with the
highest dip in rents experienced in the precinct of Marina Centre, City Hall
and Bugis (-5.6% y-o-y) in the same period.
Notwithstanding strong headwinds in the retail scene, prime rents for retail 1,200
spaces along Orchard Road remained stable and inched up by 0.8% y-o-y
in Q4 2017. This could be attributed to the shopping belt’s maintained
popularity, especially amongst international retailers, as the prime location
to establish their brand’s presence.
1,000
About 2.7 million sq ft of net lettable retail space for major malls is slated
for completion between 2018 and 2021 in Singapore, averaging 0.7 million
sq ft of new retail space in major malls per year.
Retail expected to remain challenging for both retailers and landlords in
800
2018. Average rents in the Central Region are envisaged to fall by 3.0%
to 5.0% y-o-y, and Suburban region to decline by up to 3.0% y-o-y by Q4
2018. The more resilient island-wide prime rents are likely to see marginal
decrease by up to 2.0% y-o-y in the same period. Island-wide occupancy
performance is expected to moderate to between 91.0% and 93.0% by Q4
2018. With close to 2.1 million sq ft of nett lettable retail space scheduled 600
for completion in 2018, threats from e-commerce and changing consumer
preferences, retailers are expected to still take a selective and measured
approach towards expansion plans. Suburban malls that are located near
major transport nodes, and supported by a strong captive residents’ market
should maintain healthy occupancy. 400
2.1 million sq ft of
“ 200
upcoming nett lettable
retail space in 2018 0
2018 2019 2020 2021
AVERAGE GROSS RENTS OF PRIME RETAIL SPACE FOR Q4 2017
Source: Knight Frank Research
* Knight Frank revised its basket of prime retail spaces in Q1 2016. ** Prime spaces refer to rental-yielding units between 350 and 1,500 sq ft with the best frontage, connectivity, footfall and
accessibility in a mall which are typically ground level of a retail mall and/or the basement level of a retail mall that is linked to a MRT or bus station
LOCATION ISLAND-WIDE ORCHARD ROAD MARINA CENTRE, CITY FRINGE SUBURBAN
CITY HALL, BUGIS
$ PER SQ FT
PER MONTH S$30.70 S$35.30 S$29.20 S$24.70 S$28.80
Q-O-Q CHANGE -0.4% NO CHANGE -1.9% NO CHANGE NO CHANGE
Y-O-Y CHANGE -0.8% 0.8% -5.6% NO CHANGE -0.1%
MARCH 2018 - JUNE 2018 • 7
OFFICE
“
Tenants are relocating
to larger & more
efficient floor plates
Generally, there has been a continued recovery of prime grade The ‘flight to quality and efficiency’ supply-led demand for prime
office rents with active leasing activity gathering pace. Notable office space that was dominant in 2017 is expected to continue
Grade A office space take-up in the quarter include 56,000 in 2018. Tenants are relocating to larger and more efficient floor
square feet (sq ft) at Suntec Tower 5 by co-working space plates to fulfil their evolving operational requirements, over less
provider WeWork, and 73,000 sq ft at Duo Tower by multinational and / or scalable office space through various activity-based
energy corporation Chevron. workplace solutions.
As a result of increased leasing activities, space availability for The brighter economic prospects of Singapore in 2018,
lease in most precincts saw a decline, with tenants from various particularly with government and private sector initiatives driving
industries signing up spaces in Q4 2017. Grade A+ office space growth in the new economy, is expected to increase demand for
rents saw an increase of 1.7% quarter-on-quarter (q-o-q) at office space. For example, fintech hub Lattice80 has recently
Raffles Place / Marina Bay precinct in Q4 2017 with a fall in total announced plans to conduct an initial coin offering (ICO) in 2018,
space availability for lease by 1.5% q-o-q. Landlords of Grade which may catalyse a new segment of office space demand not
A+ office buildings are gradually adjusting rents upwards in view seen in previous year. Notwithstanding that, demand sources
of the limited new supply of prime offices coming on stream are still likely to come from a broader base of industries such as
until 2020. Grade A office space rents increased across several professional services, with technology and co-working centres
precincts, with Suntec / Marina Centre precinct witnessing the leading the demand.
highest growth by 1.7% q-o-q in Q4 2017. Grade A office space
rents in Shenton Way / Robinson Road / Tanjong Pagar, City With lack of building completions, new office space supply will
Hall and Orchard Road precincts also saw increases of 1.2% to wane until 2020, and prime grade office rents are expected to
1.3% q-o-q. rise in the near term. Prime office rents are expected to rise by at
least 8.0% to 12.0% year-on-year by Q4 2018.
SINGAPORE VIEW • 8
AVERAGE OFFICE RENTALS, BY KEY PRECINCTS IN Q4 2017
Source: URA, Knight Frank Research
• Rents are based on transacted leases
• Rents are based on a lease term of at least three years
• Rents are expressed as values rounded to nearest 10 cent
• Rents are estimated based on leases of a whole-floor office space on the mid-floor levels of
office properties, and taking into account rent free period and other concessions
LOCATION Gross Effective Monthly Rents q-o-q % Availability of Office Space q-o-q %
($ psf pm) change for lease (vacancy %) change
RAFFLES PLACE/ $9.30 - $9.80 1.7% 9.6% -1.5%
MARINA BAY GRADE A+
1.7% -1.5%
RAFFLES PLACE/ $8.10 - $8.60 1.7% 4.5% -1.6%
MARINA BAY GRADE A
1.7% -1.6%
SHENTON WAY/ $7.70 - $8.30 1.3% 2.9% -2.8%
ROBINSON ROAD/
TANJONG PAGAR
GRADE A
1.3% -2.8%
MARINA CENTRE/ $7.80 - $8.30 1.7% 4.7% -1.9%
SUNTEC GRADE A
1.7% -1.9%
$8.00 - $8.50 1.2% 1.8% 0.3%
CITY HALL GRADE A
1.2% 0.3%
$7.62 - $7.52 1.3% 10.4% 0.3%
BUGIS GRADE A
1.3% 0.3%
$7.90 - $8.40 1.2% 5.5% -3.8%
ORCHARD GRADE A
1.2% -3.8%
UPCOMING OFFICE SUPPLY (GROSS FLOOR AREA), AS AT Q4 2017
Source: URA, Knight Frank Research
MARINA BAY/ SHENTON WAY/ SUNTEC/MARINA/ ORCHARD
RAFFLES PLACE ROBINSON ROAD/ CITY HALL & GRADE A
GRADE A+/A TANJONG PAGAR REST OF CENTRAL
GRADE A GRADE A
179,500 sq ft 884,600 sq ft
2018
270,400 sq ft 442,800 sq ft
101,000 sq ft
2019
940,200 sq ft
2020
1,833,700 sq ft
2021
TOTAL
2,013,200 sq ft 1,925,500 sq ft
270,400 sq ft 442,800 sq ft
MARCH 2018 - JUNE 2018 • 9
IN DUSTRI AL
The manufacturing sector continued to be the key engine of cluster reported the strongest appreciation in rents, with a 1.4%
economic growth in fourth quarter of 2017, particularly the q-o-q increase to $1.42 psf pm in Q4 2017. Largest decline in
electronics and precision engineering clusters. The Singapore rents was seen in the Macpherson – Tai Seng – Defu cluster
Purchasing Managers’ Index (PMI) expanded for the 16th during Q4 2017, with a decline of 1.8% q-o-q to $1.68 psf pm
consecutive month in December 2017 to 52.8, a slight dip of 0.1 in Q4 2017 from $1.71 psf pm in Q3 2017, largely due to lower
from its high in November 2017. The PMI was above 52.0 in Q4 rental transactions reported from factory buildings like Trivex.
2017, with a faster rate of expansion in all key indicators. The Business Park rents remained unchanged for three quarters at
local manufacturing sector saw a larger number of new orders $4.14 psf pm.
coming in at a slower rate of expansion for stocks of finished
goods. The buoyant manufacturing outlook will continue to support
demand for high- specification industrial spaces in the first
Based on Knight Frank’s basket of industrial properties, overall two to three quarters of 2018. Following the ‘en bloc fever’ of
island-wide rents for conventional industrial space declined by mainly residential developments in 2017, construction demand
0.5% q-o-q to $1.97 per sq ft per month (psf pm) in Q4 2017 is expected to increase with the construction sector possibly
(Exhibit 1), mainly due to the decline in rentals in the Macpherson sourcing out more industrial production and warehousing spaces
– Tai Seng – Defu cluster, Woodlands – Sembawang – Admiralty to meet the growing demand from upcoming new residential
– Yishun cluster and Bukit Merah – Alexandra – Jalan Kilang – projects.
Pasir Panjang cluster. The Clementi – Toh Tuck – Bukit Batok
ISLAND-WIDE RENTAL AND PRICE FORECASTS FOR 2018, BY PROPERTY TYPES
Average rents Average price for Average price for
leasehold factory freehold factory and
and warehouse units warehouse units
-3.0% to 1.0% -2.0% to -5.0% 1.0% to 3.0%
y-o-y y-o-y y-o-y
SINGAPORE VIEW • 10“
Industrial production and warehousing
spaces will be sourced to meet the
growing demand from upcoming new
residential projects
AVERAGE MONTHLY GROSS RENTALS FOR CONVENTIONAL INDUSTRIAL SPACE, BY KEY CLUSTERS
Source: Knight Frank Research Q3 2017 Q4 2017 Q-O-Q % CHANGE
* Range of rentals are estimated based on the average
of minimum and maximum transacted rentals derived
* Only rents of units on upper floors are included
S$1.33
S$1.31
-1.5%
AVERAGE
S$1.83
S$1.82 -0.5%
-0.5%
S$1.98
S$1.40 S$1.97
S$1.42 S$1.71
1.4% WOODLANDS S$1.68
SEMBAWANG
ADMIRALTY -1.8%
YISHUN
SERANGOON
ANG MO KIO
LORONG CHUAN
TOA PAYOH
CLEMENTI PEMIMPIN
KAKI BUKIT
TOH TUCK
UBI
BUKIT BATOK
PAYA LEBAR
MACPHERSON
EUNOS
TAI SENG
PIONEER
DEFU
TUAS
BUKIT MERAH
KALLANG
ALEXANDRA
GEYLANG
JALAN KILANG
BENDEMEER
PASIR PANJANG
BUSINESS PARKS
S$2.97 (ISLAND-WIDE)
S$1.61 S$2.97
NO CHANGE
S$4.14
S$1.62 S$4.14
0.6% NO CHANGE
S$2.83
S$2.79
-1.4%
S$2.17
S$2.18
0.5%
MARCH 2018 - JUNE 2018 • 11ADVISORY SERVICES
ADVISORY
SERVICES
CONSULTANCY Knight Frank's Consultancy & Research team provides
strategic advice, development consultancy and market
& R ESEAR CH research services to a wide range of local and overseas
clients across both private and public sectors.
Leveraging the multi-disciplinary expertise of our analysts
OUR SERVICES: and first-hand insights from our industry veterans, we help
clients seize opportunities and unlock the potential of their
• Highest and best use studies projects while identifying and minimising risks. Backed by
• Development and planning consultancy a world-class global research team, we draw upon the
• Master planning advisory knowledge from our network of more than 400 offices
• Pricing and rental strategy across 60 countries, to deliver in-depth research against
• Market due diligence global market dynamics.
• Feasibility studies for residential, retail,
office, hotels, shophouses and Our strengths in offering comprehensive and independent
industrial properties advice in multiple areas have earned us an extensive track
• Customised research studies record in consultancy projects.
FOR MORE INFORMATION, PLEASE CONTACT:
Alice Tan
Director and Head, Consultancy & Research
T: 6228 6833
E: alice.tan@sg.knightfrank.com
SINGAPORE VIEW • 12ADVISORY SERVICES
VALUATIO NS
With a track record of 78 years in Singapore, Knight Frank’s
Valuations team grows from strength to strength. We are proud
to have served many clients who have placed their trust in our
competence, integrity and professionalism by staying with us
year after year. Our experienced, well-respected and dedicated
valuations team regularly appraises properties for mortgage, sale
or purchase, public listing, financial reporting, rental reviews,
litigation and statutory valuations. Today, we are on the valuation
panel of nearly every leading bank and financial institution in
Singapore.
Knight Frank was recently appointed for the following:
Mapletree Industrial Trust - Portfolio valuation comprising
business park buildings, flatted factories, hi-tech buildings,
stack-up/ramp-up buildings and light industrial buildings.
Mapletree Commercial Trust - Valuation of Mapletree
Business City 1, a large-scale integrated business hub and
three other commercial buildings.
Ascendas Real Estate Investment Trust - Valuation of six
logistics buildings and 14 business park properties located
in Changi Business Park and International Business Park.
Ascendas Land (Singapore) Pte Ltd - Portfolio valuation
for corporate reporting purposes.
Far East Hospitality Trust - Valuation for acquisition of
Oasis Hotel Downtown
Additionally, we undertake instructions to provide advice for rental
valuations and statutory valuations involving property tax and land
acquisition. In several cases, this has resulted in significant tax
savings for our clients.
FOR MORE INFORMATION, PLEASE CONTACT:
Low Kin Hon
Deputy Group Managing Director & Head, Valuations
T: 6228 6860
E: kinhon.low@sg.knightfrank.com
Png Poh Soon
Director, Valuations
T: 6228 7393
E: pohsoon.png@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 13AUCTION & SALES
AUCTION & SALES
CA I RN H I LL ROAD
A STUNNING MASTERPIECE
The subject property is a rare 2.5-storey conservation
terrace house located a stone’s throw away from
Orchard Road. The interiors have been beautifully
done up with high quality materials, yet carefully
preserving the original character of the house.
• Tenure : Freehold
• Land Area : Approx. 2,085 sq ft
• Gross Floor Area : Approx. 4700 sq ft
• Private garage and garden
• Walking distance to Newton MRT station
and Orchard shopping belt
• Within 1km from Anglo-Chinese School
(Junior), Chatsworth International School
and EtonHouse International School
Guide price: $9.99 million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
CAIRNHILL ROAD, D09 Owner sale
TH E SA I L @
M A RI N A BAY
6-STAR WATERFRONT LIVING LIFESTYLE
Located in the new financial district of downtown
Singapore, the subject property is a low floor unit with
with partial bay views.
• Tenure : 99-year Leasehold
• Floor Area : 1,259 sq ft
• 3-Bedroom Apartment
• Link to Downtown & Raffles Place MRT
stations
• Selling vacant possession
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331
gwen.lim@sg.knightfrank.com
6 MARINA BOULEVARD, D01
Owner sale
SINGAPORE VIEW • 14126 KOON SENG ROAD, D15
AUCTION & SALES
owner SALE
TI V OLI G R A N D E
3-BEDROOM PENTHOUSE
Located in a quiet landed estate of the east, with easy
access to major expressways to the Central Business
District and airport.
Just minutes away from malls like 112 Katong and
Parkway Parade, enjoy the serenity of beachside living,
along the nostalgic streets of Singapore's conserved
shophouses.
• Tenure : Freehold
• Area : 1,528 sq ft
• 2-storey, split-levels
• 3-Bedroom Apartment
• Communal facilities with pool and BBQ pit
Guide price: $1.85 million
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331
gwen.lim@sg.knightfrank.com
KOVA N
GRA N DE UR
3-BEDROOM PENTHOUSE IN HOUGANG
DISTRICT
Located within the town of Hougang, in the north-east
region of Singapore.
A stone's throw away from a host of amenities,
including Heartland mall and NEX shopping mall.
Several schools are located within 2km from the
development.
• Tenure : 99-year Leasehold
• Size : 1,389 sq ft
• 3-bedroom duplex penthouse
• Facilities include guard house, swimming
pool, wading pool, fitness area, gym,
playground & BBQ pit
• Walking distance to Kovan MRT station &
Heartland Mall
Guide price: $1.22 million
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
118 TAMPINES ROAD, D19
mortgagee sale
MARCH 2018 - JUNE 2018 • 15166 SPRINGLEAF AVENUE, D26
AUCTION & SALES
mortgagee sale
D A LLA VA LE
CLUSTER SEMI-DETACHED NESTLED
IN A SERENE SETTING
Dalla Vale is a freehold landed development situated
along Springleaf Avenue, designed to resemble a
modern tropical home with stylish, yet comfortable
living.
The property is well-served by eating places along
Upper Thomson Road and Sembawang Road, as well
as shopping malls such as Northpoint, Thomson Plaza
and Sembawang Shopping Centre. Springleaf MRT
Station (U/C) is just a stone’s throw away.
• Tenure : Freehold
• Area : Approx. 3,220 sq ft
• 4 Bedrooms + Guest room
• Private parking lots
• Facilities include 24-hour security, pools
with jacuzzi, gymnasium, outdoor dining
with a BBQ pavilion and a Clubhouse
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
H I LLSGROV E
3-STOREY CLUSTER SEMI-DETACHED
WITH BASEMENT AND ATTIC
A cluster semi-detached set in a quiet and exclusive
residential landed estate with private swimming pool
and two private car park lots. The subject property
is only minutes’ walk to Kovan and Serangoon MRT
stations, Heartland Mall and NEX.
• Tenure : 999-year Leasehold
• Strata Floor Area : 4,715 sq ft
(includes strata void of 926 sq ft)
• 5-Bedroom + Helper's Room
• T.O.P : 2013
• Low density development with only
12 units of terraces & semi-detached
• BBQ pit and good size swimming pool
Tricia Tan (CEA Reg No: R021904I)
9387 9668 • 6228 7349
tricia.tan@sg.knightfrank.com
5 HILLSIDE DRIVE, D19
liquidator sale
SINGAPORE VIEW • 16WATTEN DRIVE, D11
AUCTION & SALES
OWNER SALE
WATTEN E S TAT E
SEMI-D LIKE LIVING IN AN
INTERMEDIATE TERRACE
Watten Estate is a freehold, 2.5 storey terrace with lap
pool, that has won many design awards in Singapore.
Its excellent location places it within walking distance
to Tan Kah Kee Station, and is within a 1km radius
from good schools like Raffles Girls’ School, Nanyang
Primary School, Hwa Chong, Nanyang Girls’ High
School and National Junior College.
• Tenure : Freehold
• Land Area : Approx. 2,250 sq ft
• Built-up Area : 3,540 sq ft
• 4 Bedrooms + Family area
• Award winning design with a lap pool
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
BELMONT
GOOD CLASS BUNGALOW NEAR
HOLLAND VILLAGE
The subject development is located at Belmont Road
— an exclusive residential estate off Holland Road. It is
within close proximity to shopping facilities at Holland
Village and Orchard Road, as well as walking distance
to the circle line at Holland Village station.
• Tenure : Freehold
• Zoning : Good Class Bungalow zone
• Land Area : Approx. 16,327 sq ft
• Floor Area : 11,502 sq ft
• Good-sized swimming pool
• Parking available
Guide price: $22.3 million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • 6228 7326
teddy.ng@sg.knightfrank.com
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380 5 BELMONT ROAD, D10
noelle.tan@sg.knightfrank.com MORTGAGEE sale
MARCH 2018 - JUNE 2018 • 1740 HOLLAND DRIVE, D10
AUCTION & SALES
OWNER sale
H O LLA N D H D B
SH O PH O U SE
2-STOREY HDB SHOPHOUSE WITH
LIVING QUARTERS
40 Holland Drive is a 4-storey HDB commercial-cum-
residential block, located off Commonwealth Avenue,
approximately 5.02km from the city centre.
It is situated within a HDB housing estate and
surrounded by a few private residential developments,
One-North business park, educational institutions
and hospitals. The nearest MRT Stations are Holland
Village, Buona Vista and Commonwealth MRT
Stations.
• Tenure : 81-years Leasehold (wef 1993)
• Floor Area : Approx. 1,367 sq ft
• Sold subject to existing tenancy
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
BU K I T MERA H
CEN TRA L H D B
SH OPH O U SE
2-STOREY HDB SHOPHOUSE WITH
LIVING QUARTERS
The site is nestled in an estate comprising industrial
buildings, HDB housing and a few private residential
developments. Prominent landmarks include Bukit
Merah Library, Bukit Merah Polyclinic and Henderson
Industrial Park.
Public transportation is easily available along Jalan
Bukit and Bukit Merah Interchange, with close
proximity to Redhill MRT Station. Its accessibility is also
enhanced by its proximity to AYE.
• Tenure : 83-year Leasehold (wef 1996)
• Floor Area : 1,582 sq ft
• Currently occupied by a cafe
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
Noelle Tan (CEA Reg No: R047713G)
161 BUKIT MERAH CENTRAL, D03 9766 7797 • 6228 7380
OWNER sale noelle.tan@sg.knightfrank.com
SINGAPORE VIEW • 181 SHENTON WAY, D01
AUCTION & SALES
OWNER SALE
ONE S HE N T O N
HIGH FLOOR 3-BEDROOM
APARTMENT
One Shenton is a luxury residence developed by City
Developments Limited. Two exquisite towers rise 50
and 43 storeys respectively above an elegant podium.
Situated at the heart of the Central Business District,
it is within walking distance to Downtown MRT Station
and Shenton Way MRT Station (U/C). Its connectivity
is further enhanced by the neighbouring MCE, AYE
and ECP.
• Tenure : 99-years Leasehold
• Floor Area : Approx. 1,593 sq ft
• High floor, level 23
• Full condominium facilities
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
EUH AB ITAT
2-STOREY TOWNHOUSE WITH ROOF
TERRACE & BASEMENT
A townhouse set in a modern and luxurious
development that is designed to suit various residential
needs. The townhouse has direct access to the pool,
its own private parking space in the basement and
a roof terrace with jacuzzi. There is also a lift in the
house that serves all levels.
Euhabitat is only a 10-minute walk to Ubi and Kaki
Bukit MRT stations, and is also easily accessible via
the PIE and KPE.
• Tenure : 99-years Leasehold
• Floor Area : 3,380 sq ft
• 4 bedrooms
• Lift access to all levels
• Full condominium facilities
• Foreigners eligible
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380 274 JALAN EUNOS, D14
noelle.tan@sg.knightfrank.com ? sale
MARCH 2018 - JUNE 2018 • 19GEYLAND ROAD, D14
AUCTION & SALES
OWNER sale
G EYLA N G
SH O PH O U SE
3-STOREY SHOPHOUSE WITHIN
CONSERVATION AREA
A 3-storey freehold shophouse within a conservation
area off Lorong 12, the bustling street is within walking
distance to Kallang and Aljunied MRT stations.
Additionally, it is situated near hotels and eateries.
• Tenure : Freehold
• Size : 250 - 1066 sq ft
250A - 657 sqft
250B - 657 sqft
• Zoning : Commercial
• GST and ABSD applicable
• Sold subject to existing tenancy
• 3 strata titles
• Currently tenanted at $11,200
• Facing main road
• Existing usage : Commercial/Residential
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
TOA PAYO H HDB
SH OPH O U SE
2-STOREY HDB SHOPHOUSE WITH
LIVING QUARTERS
Situated within a neighbourhood centre with a
coffeeshop, playground, food centre and wet market,
the subject property is near Braddell MRT station and
within walking distance to Toa Payoh MRT Station.
Ample parking is available at the nearby multi-storey
carpark.
• Tenure : 75-year Leasehold (wef 1994)
• Floor Area : 1,302 sq ft
• Lower storey is partitioned into 2 shops
• To be sold subject to existing tenancy
• Good rental yield and no GST
Noelle Tan (CEA Reg No: R047713G)
125 TOA PAYOH LORONG 2, D12 9766 7797 • 6228 7380
OWNER sale noelle.tan@sg.knightfrank.com
SINGAPORE VIEW • 20INDUSTRIAL
INDUSTRIAL
Ng Ee Kiat (CEA Reg No: R002972Z)
9825 0900 • 6228 7334
eekiat.ng@sg.knightfrank.com
Tan Boon Leong (CEA Reg No: R002918E)
9817 0009 • 6228 6894
boonleong.tan@sg.knightfrank.com
HONG AIK
INDUSTRIAL
BUILDING
22 KALLANG AVENUE, D14
FOR sale
A 7-STOREY LIGHT INDUSTRIAL • Land Area : 18,686.13 sq ft
BUILDING WITH A BASEMENT • Gross Floor Area : 68,932.98 sq ft
CARPARK • Tenure : Freehold
• 2014 MP Zoning:
Business 1 with Plot Ratio 2.5
The property is strategically located along Kallang
• Ceiling Height : 4.6 m every storey
Avenue and is approximately a 1-minute drive
• Floor Loading : From 19 kN/m2
from Lavender MRT station and Kallang MRT
• Cargo Lift : 3 cargo lifts of which
station. The subject property is easily accessible
one is 3-tonnes & two are 2 tonnes
via the Pan-island Expressway (PIE), Kallang-Paya
Lebar Expressway (KPE) and Nicoll Highway.
MARCH 2018 - JUNE 2018 • 2120 CHIN BEE DRIVE, D22
INDUSTRIAL
for sale
20 CH I N BEE
D RI VE
A DETACHED SINGLE STOREY
FACTORY WITH ANCILLARY OFFICE
The property is strategically located off International
Road at the western part of Singapore. The site is
easily accessibility via major expressways, such as
the PIE and AYE.
• Tenure : JTC leasehold expiring 2035
• Land Area : Approx. 73,976 sq ft
• Build-In Area : Approx. 50,358 sq ft
• 2014 Master Plan Zoning :
Business 2 with 1.4 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z)
9825 0900 • 6228 7334
eekiat.ng@sg.knightfrank.com
21 FOU RTH
CH I N BEE
RO A D
SINGLE-STOREY DETACHED FACTORY
WITH ANCILLARY OFFICE
The subject property is strategically located off
International Road at the western part of Singapore.
The site is easily accessible via major expressways
such as the PIE and AYE.
• Tenure : JTC Leasehold expiring 2035
• Land Area : Approx. 165,274 sq ft
• Build-In Area : Approx. 123,806 sq ft
• 2014 Master Plan Zoning :
Business 2 with 1.4 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z)
21 FOURTH CHIN BEE ROAD, D22 9825 0900 • 6228 7334
FOR sale eekiat.ng@sg.knightfrank.com
SINGAPORE VIEW • 2224 THIRD CHIN BEE ROAD, D22
INDUSTRIAL
FOR sale
24 TH IR D CH IN
BE E RO A D
SINGLE STOREY SEMI-DETACHED
FACTORY WITH ANCILLARY OFFICE
The property is strategically located off International
Road at the western part of Singapore. The site is easily
accessibility via major expressways, such as the PIE
and AYE.
• Tenure : JTC leasehold expiring 2040
• Land Area : Approx. 53,279 sq ft
• Build-In Area : Approx. 22,983 sq ft
• 2014 Master Plan Zoning :
• Business 2 with 1.4 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z)
9825 0900 • 6228 7334
eekiat.ng@sg.knightfrank.com
2 JALAN
T E RU S A N
A PART 1/PART 3-STOREY DETACHED
FACTORY WITH MEZZANINE LEVEL
The subject property located along Jalan Terusan off
Buroh Drive. It is 10 minutes’ drive from Jurong East
MRT Station and easily accessible to other parts of
Singapore via AYE and PIE.
• Tenure : JTC leasehold 60 years (wef 1979)
• Site Area : Approx. 124,992 sq ft
• Gross Floor Area : Approx. 105,488 sq ft
• 2014 Master Plan Zoning :
B2 with 2.5 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z)
9825 0900 • 6228 7334 2 JALAN TERUSAN, D22
eekiat.ng@sg.knightfrank.com FOR SALE
MARCH 2018 - JUNE 2018 • 2311 TUAS SOUTH LINK 1, D22
INDUSTRIAL
for sale
SH I N E @
TU A S SOU TH
PROPOSED MULTI-USER
6-STOREY RAMP-UP B2
INDUSTRIAL DEVELOPMENT
The subject property is strategically located near the
future Tuas Mega Port and maritime industry in western
Singapore, and stands out with its distinct wave-
inspired design. It offers ample infrastructure spaces
and facilities, allowing tenants to enhance the efficiency
of their operations and capitalise on future connectivity
plans between Singapore and Malaysia.
• Tenure : 60-year Leasehold (wef Jan 2015)
• Gross Floor Area : 553,264.46 sq ft
• Unit Sizes : 1,669.48 sq ft - 13,763.80 sq ft
• 2014 Master Plan Zoning : Business 2
• Estimated TOP : Q1 2018
Gerald Quek (CEA Reg No: R002959B)
9047 7619 • 6100 6261
gerald.quek@sg.knightfrank.com
38 J A LA N
BU RO H
A 9-STOREY SINGLE RAMP-UP
WAREHOUSE BUILDING WITH
MEZZANINE
The property is strategically located along Jalan Buroh,
within an established industrial estate in the western
part of Singapore. It is about 10 minutes’ drive from
Lakeside MRT Station and is easily accessible via the
AYE and PIE.
• Floor Area : Approx. 79,054 sq ft
• 2014 MP Zoning : Business 2
• Floor to Floor Height: From 5.6 m – 13.6 m
• Floor Loading : From 10 kN/m2 – 20 kN/m2
• Loading / Unloading :
14 loading/unloading bays
with dock levellers per floor
Alvin Teng (CEA Reg No: R002950I)
Gerald Quek (CEA Reg No: R002959B)
38 JALAN BUROH, D22 6100 0640
FOR LEASE ind@sg.knightfrank.com
SINGAPORE VIEW • 2431 INTERNATIONAL BUSINESS PARK, D22
INDUSTRIAL
FOR LEASE
C RE AT IV E
RE SOU R C E
BUI LDI N G
A NICELY FITTED BUSINESS PARK
SPACE
Located in International Business Park, Creative is
close to daily amenities for the office population, public
transportation and AYE and PIE arterial expressways.
The building is within walking distance to Jurong East
MRT station, IMM, Jcube, JEM and various F&B outlets
and retail shops at Jurong East Regional Centre.
• Available Space : 47,544 sq ft
• Availability : Immediate
• 2014 Master Plan Zoning : Business Park
• Childcare Centre, Food Court and Auditorium
facilities available
Gerald Quek (CEA Reg No: R002959B)
9047 7619 • 6100 6261
gerald.quek@sg.knightfrank.com
25 L O YA N G
C RE SC E N T
A FULLY FITTED OFFICE, READY TO
MOVE IN CONDITION
The property is strategically located along Loyang
Crescent in the eastern part of Singapore. It is walking
distance to the nearest bus stop and is easily accessible
via the TPE and PIE.
• Available Space : Approx. 2,174.31 sq ft
• Availability : Immediate
• 2014 MP Zoning : Business 2
• Inclusive of 1 meeting room, 1 store room
and 1 pantry
Gerald Quek (CEA Reg No: R002959B)
9047 7619 • 6100 6261 25 LOYANG CRESCENT, D17
gerald.quek@sg.knightfrank.com FOR LEASE
MARCH 2018 - JUNE 2018 • 251 HARBOURFRONT PLACE, D04
INDUSTRIAL
for lease
H A RBOU RFRONT
TO WER O N E
A NICELY FITTED OFFICE SPACE
The subject property is located in the HarbourFront
CBD fringe precinct, close to daily amenities for the
office population, public transportation and AYE and
MCE arterial expressways.
• Available Space : 5,920 sq ft
• Availability : March 2018
• Sheltered access to Harbourfront MRT
station
• Good view of Sentosa
Gerald Quek (CEA Reg No: R002959B)
9047 7619 • 6100 6261
gerald.quek@sg.knightfrank.com
TA G .A
A MODERN 4-STOREY LIGHT
INDUSTRIAL BUILDING
The subject property is located within Tagore Industrial
Estate with public transport easily accessible along
Upper Thomson Road. It is easily accessible via the
SLE, CTE and Upper Thomson Road, and is within
close proximity to Yio Chu Kang MRT and the future
Springleaf and Lentor MRT Stations.
• Total Strata Area Available for Lease :
From approx. 1,604 sq ft to 1,949 sq ft
• 2014 Master Plan Zoning : Business 1
• Ceiling Height : 5.95 m
• Floor Loading : 10 kN/m2
Gerald Quek (CEA Reg No: R002959B)
81 TAGORE LANE, D26 9047 7619 • 6100 6261
for LeASE gerald.quek@sg.knightfrank.com
SINGAPORE VIEW • 26INVESTMENT &
INVESTMENT & CAPITAL MARKETS
CAPITAL MARKETS
MAYFAIR REDEVELOPMENT LAND OFF BUKIT TIMAH
GARDENS Knight Frank is pleased to announce the sale of Mayfair Gardens, a 124-
unit residential development off Dunearn Road, to Citrine Property Pte Ltd,
a subsidiary of Oxley Holdings, for SGD 311 million.
RIFLE RANGE ROAD, D21
Mayfair Gardens is a private residential estate comprising six residential
sold walk-up blocks of 124 apartment units ranging from 100 sq m to 200 sq
m, and has a site area of 19,368 sq m (approx. 208,475 sq ft). Nestled in
a coveted residential area, the development is close to reputable schools
and wide variety of amenities, and a mere 300 metre walk from King Albert
Park MRT Station.
The new development could potentially house 387 residential units,
assuming 70 sq m on average given its desirable location. At the sale of
Ian Loh (CEA Reg No: R027865G) SGD 311 million, the breakeven price for the new project is estimated at
8838 3288 • 6228 6823 SGD 1,780 psf.
ian.loh@sg.knightfrank.com
Marvelle Wong (CEA Reg No: R055510C) • Tenure : 99-year leasehold wef 08 Jul 1983
9753 5878 • 6228 7359 • Site Area : Approx. 19,368 sq m / 208,475 sq ft
marvelle.wong@sg.knightfrank.com • Master Plan 2014 : Residential, with a plot ratio of 1.4
MARCH 2018 - JUNE 2018 • 27INVESTMENT & CAPITAL MARKETS
GOODLUCK FREEHOLD RESIDENTIAL REDEVELOPMENT WITH
300 METRES FRONTAGE
GARDEN Knight Frank is pleased to announce that Goodluck Garden, a 210-
unit residential development located off Toh Tuck Road, has been sold
through a collective sale to the Qingjian Group of Companies for SGD
TOH TUCK ROAD, D21 610 million.
sold
Goodluck Garden is a condominium comprising eight blocks with a
total of 208 residential units and 2 commercial shops. The apartment
sizes range from 95 sq m to 182 sq m, and the two shops are 30 sq
m and 91 sq m respectively. The site is slightly elevated with a frontage
of approximately 300 metres from Toh Tuck Road. Nestled in a coveted
residential area, the development, which is within minutes’ walk from
Beauty World MRT station, is close to reputable schools and wide
variety of amenities.
Based on a potential Gross Floor Area (GFA) of 46,840.08 sq m, the
sale price translates to a land price of approximately SGD 1,210 per
Lennon Koh (CEA Reg No: R022673H) square foot per plot ratio (psf ppr).
9748 7400 • 6228 7327
lennon.koh@sg.knightfrank.com
• Tenure : Freehold
Marvelle Wong (CEA Reg No: R055510C) • Site Area : Approx. 33,457.2 sq m / 360,130 sq ft
9753 5878 • 6228 7359 • Master Plan 2014:
marvelle.wong@sg.knightfrank.com Residential, with a Gross Plot Ratio of 1.4
SINGAPORE VIEW • 28INVESTMENT & CAPITAL MARKETS
WINDY FREEHOLD RESIDENTIAL REDEVELOPMENT
OPPORTUNITY
HEIGHTS Windy Heights is a residential development comprising
192 apartment units, 8 penthouses and 2 retail units. The
development has a site area of 23,291 sq m (approx. 250,702
JALAN DAUD, D14 sq ft). Under the 2014 Master Plan, the site is zoned “Residential”
with a Gross Plot Ratio of 2.1.
for sale
The site is located 2 MRT stations away from the upcoming Paya
Lebar Central and 15 minutes drive away from the city centre
and the shopping and entertainment strip of Orchard Road. The
site’s close proximity to major roads and expressways such as
Pan Island Expressway (PIE) and Changi Road enhances its
accessibility to other parts of Singapore.
Based on URA’s reply on the Development Baseline enquiry and
GFA Verification, the development baseline for Windy Heights is
67,760 sq m, B2 use and the current built-up Gross Floor Area
Ian Loh (CEA Reg No: R027865G) is 58,150.74 sq m. Due to the high development baseline, no
development charge is payable.
8838 3288 • 6228 6823
ian.loh@sg.knightfrank.com
• Tenure : Freehold
Choo Wei Siong (CEA Reg No: R053701F) • Site Area : Approx. 23,291 sq m / 250,702 sq ft
9781 9557 • 6228 6892 • Master Plan 2014:
weisiong.choo@sg.knightfrank.com Residential, with a Gross Plot Ratio of 2.1
MARCH 2018 - JUNE 2018 • 29BOON TECK ROAD, D12
SU MM ER G REEN
INVESTMENT & CAPITAL MARKETS
for sale
FREEHOLD RESIDENTIAL
REDEVELOPMENT SITE OFF
BALESTIER ROAD
Summer Green is a freehold, 13-storey residential
development comprising 24 apartment units, and has a
site area of 1,360.7 sq m (approx. 14,646 sq ft). Under the
2014 Master Plan, the site is zoned “Residential” with an
approved plot ratio of 2.8. The site is regular in shape and
enjoys a frontage of approximately 30 metres.
The subject site is conveniently located along Balestier
Road, within walking distance to a wide array of amenities
and is just a few minutes’ drive to both Novena Square and
United Square, the Orchard Road shopping belt and the
Central Business District.
• Tenure : Freehold
• Site Area : Approx. 1,360.7 sq m / 14,646 sq ft
• Master Plan 2014 :
• Residential with plot ratio of 2.8
Lennon Koh (CEA Reg No: R022673H)
9748 7400 • 6228 7327
lennon.koh@sg.knightfrank.com
Karen Wan (CEA Reg No: R040821F)
9772 8042 • 6228 6809
karen.wan@sg.knightfrank.com
12 ON SH A N
BRAND NEW SERVICED APARTMENT
INVESTMENT OPPORTUNITY
A brand new serviced apartment, 12onShan is 16-storey
building comprising 78 serviced apartments, located
in the bustling enclave of Novena. Facilities within the
development include a swimming pool, indoor gym,
garden terrace, communal roof terrace and BBQ area.
The apartments offer great accessibility, with proximity to
the medical hub in the Novena area and is approximately
550 metres from Novena MRT station. Major arterial roads
and expressways such as the Central Expressway (CTE),
Pan Island Expressway (PIE), Thomson Road and Balestier
Road provide seamless connectivity to other parts of
Singapore.
• Tenure : Freehold
• Site Area : Approx. 2,058.2 sq m / 22,154 sq ft
• Expected TOP : Q2 2018
Ian Loh (CEA Reg No: R027865G)
8838 3288 • 6228 6823
ian.loh@sg.knightfrank.com
Karen Wan (CEA Reg No: R040821F)
SHAN ROAD, D12 9772 8042 • 6228 6809
FOR SALE karen.wan@sg.knightfrank.com
SINGAPORE VIEW • 30T H E LA R M O N T SYDNEY, AUSTRALIA
INVESTMENT & CAPITAL MARKETS
FOR sale
BY LANCEMORE
5-STAR BOUTIQUE HOTEL IN POTTS
POINT, SYDNEY
The subject property is a 5-star boutique hotel
comprising 103 rooms and suites, some with extensive
private terraces. The hotel is located in the fashionable
and sought after city fringe location of Potts Point, less
than 1.5 km from the Sydney CBD.
• 103 rooms and suites, some with extensive
private terraces
• Refurbished in 2017 by the renowned
Hassel Studio, the boutique hotel features
innovative design and bespoke amenities
• Facilities include gym access, a conference
meeting room, a yoga and Pilates studio, in-
house restaurant and 12 car spaces
• Significant future value add potential
Ian Loh (CEA Reg No: R027865G)
8838 3288 • 6228 6823
ian.loh@sg.knightfrank.com
Karen Wan (CEA Reg No: R040821F)
9772 8042 • 6228 6809
karen.wan@sg.knightfrank.com
E ASY T C E N T R E
100% LEASED CONVENIENCE BASED
NEIGHBOURHOOD CENTRE
Easy T Centre presents the opportunity to acquire a
modern, fully leased 5,015 sq m convenience based
neighbourhood centre and adjoining 865 sq m medical
centre with a complimentary mix of medical based
retailer. The assets are conveniently positioned to
service the high growth in the main trade area coupled
with solid tourism fundamentals
• For sale in one line or individual offerings
• 100% leased 5,015 sq m convenience based
neighbourhood centre and adjoining 865 sq
m medical centre
• Significant WALE : 5.49 years
• Total Site Area : 20,407 sq m
• Net income : $2,576,260 p.a
Karen Wan (CEA Reg No: R040821F)
9772 8042 • 6228 6809
karen.wan@sg.knightfrank.com
James Wong (CEA Reg No: R017407Z)
9113 3113 • 6228 7345 GOLD COAST, AUSTRALIA
james.wong@sg.knightfrank.com FOR sale
MARCH 2018 - JUNE 2018 • 31LORONG 10 GEYLANG, D14
INVESTMENT & CAPITAL MARKETS
for sale
H O RN BI LL
H O TEL
8-STOREY HOTEL
The subject property is a 8-storey hotel comprising 35
rooms located at Lorong 10 Geylang, some 5 km from
the city centre. The immediate vicinity comprises a
mixture of shophouses, apartment blocks and hotels,
with Kallang MRT station and Aljunied MRT station
located nearby.
• Tenure : Freehold
• Land Area : 281.6 sq m / 3,031 sq ft
• Gross Floor Area : Approx. 938.5 sq m /
10,102 sq ft
• Master Plan 2014 : Commercial / Institution
with plot ratio of 2.8
Mary Sai (CEA Reg No: R027878I)
9388 7879 • 6228 6886
mary.sai@sg.knightfrank.com
James Wong (CEA Reg No: R017407Z)
9113 3113 • 6228 7345
james.wong@sg.knightfrank.com
MOH A MED
SU LTA N ROA D
PRIME SHOPHOUSE UNIT
The subject property is a 3-storey refurbished
conserved shophouse located along Mohamed
Sultan Road, off River Valley Road and is within the
River Valley Conservation Area.
• Tenure : 999-year leasehold
• Land Area : 221.3 sq m / 2,382 sq ft
• Gross Floor Area : Approx. 585 sq m /
6,300 sq ft
• Master Plan 2014: Residential with
Commercial on 1st storey with gross plot
ratio 3.8
• Approval granted for 8-storey rear
extension with basement for 8 apartments
Mary Sai (CEA Reg No: R027878I)
9388 7879 • 6228 6886
mary.sai@sg.knightfrank.com
James Wong (CEA Reg No: R017407Z)
MOHAMED SULTAN ROAD, D09 9113 3113 • 6228 7345
FOR SALE james.wong@sg.knightfrank.com
SINGAPORE VIEW • 32OFFICE
OFFICE
FRAGRANCE
EMPIRE BUILDING
456 ALEXANDRA ROAD, D05
FOR LEASE
A 26-storey newly refurbished icon (formerly
NOL Building) prominently located at the
junction of Pasir Panjang Road and Alexandra
Road. Located in the Central West district, it
enjoys close proximity to the CBD, as well as
the Jurong industrial district.
• Full height glass windows
throughout with ample natural light
and unobstructed panoramic views
of the sea, city and foliage
• Available Sizes :
Approx. 2,000 sq ft, 4,000 sq ft,
8,000 sq ft, 16,000 sq ft, and
24,000 sq ft
• Central air-conditioning system
• Ample parking lots
• Connected to Alexandra Retail
Centre and Labrador MRT station by
covered walkway
Tan Wan Ting (CEA Reg No : R056833G)
8522 5099 • 6228 7313
wanting.tan@sg.knightfrank.com
Karen Tan (CEA Reg No : R004773F)
9022 8484 • 6228 7343
karen.tan@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 33PROPERTY ASSET
PROPERTY ASSET MANAGEMENT
MANAGEMENT
ASSET MANAGEMENT
Our Asset Management team manages more than 8 million square feet of space spanning 21
properties, encompassing retail malls, offices, industrial buildings and residential complexes.
We provide a full suite of services which include leasing and tenant management, facilities
management, marketing communications, finance and human resource management across
commercial, retail and residential assets. We also offer specialised retail services, including mall
repositioning and consultancy, trade and tenant mix and asset enhancement initiatives.
HILLION MALL SLA PROPERTIES
8 WINCHESTER
INCOME @
TAMPINES
JUNCTION
VIVA BUSINESS PARK NTUC INCOME PROPERTIES
SINGAPORE VIEW • 34FOR MORE INFORMATION ON
PROPERTY ASSET MANAGEMENT
ASSET AND STRATA MANAGEMENT,
PLEASE CONTACT:
6848 5678 • enquiries@kfpam.com.sg
S T R ATA M A N A G E M E N T
For owners of strata titled developments, our Strata Management team provides common area
management services, managing estates between the range of 50 to 1,350 units. For property
developers, we provide advice on the implications of development plans on maintenance charges
and handover services. Owners of strata units who reside overseas, or are trustees, corporations
and high-net-worth individuals, engage us for landlord-tenant services, including leasing, re-sale,
rent collection and general management.
S A N T R ITZ T HE B R O W NS T O NE
TH E TO PIARY ROBERTSON 100
MARCH 2018 - JUNE 2018 • 35RESIDENTIAL
LOCAL
LOCAL PROJECTS
Artist's Impression
Artist's Impression
PARK PLACE
RESIDENCES
AT PLQ
PAYA LEBAR, D14
for sale
Guide price :
PRICE ON APPLICATION
LIVE THE CITY LIFE, EAST STYLE
Paya Lebar Quarter, Singapore’s most progressive city precinct located at
the heart of the URA’s urban regeneration masterplan for Paya Lebar. Three
world-class office towers offering exclusive 429-unit premier residences, next
generation workspaces and more than 200 retailers with indoor and alfresco
dining experiences sit amidst lush green, connected spaces. Directly linked
to Paya Lebar MRT station, the interchange of the East-West Line and Circle
Line, it will be the closest commercial hub to the CBD, with superb transport
connections across Singapore.
• Tenure : 99-year Leasehold
• 1 to 3-Bedroom Premium
• Size : 474 sq ft - 1,367 sq ft
Eric Liew (CEA Reg No: R021280Z) • Total units : 429
9824 9966 • TOP Date : 31 December 2020
eric.liew@sg.knightfrank.com • Developed by : Lendlease
SINGAPORE VIEW • 36LOCAL
Artist's Impression
Artist's Impression
MARINA ONE
RESIDENCES
AN AWARD-WINNING MASTERPIECE
Marina One is an integrated development that places you on
the pulse of Singapore’s vibrant Central Business District and
beyond. Comprising luxury residences, unique retail offerings
and Grade-A offices, Marina One is nestled amongst lush
greenery and green parks.
21 MARINA WAY, D01
Marina One Residences is seamlessly connected to four
MRT lines (North-South, Circle, Downtown and the upcoming for sale
Thomson line) via underground pedestrian walkways and is
easily accessible from major expressways. With island-wide GUIDE PRICE :
connectivity, Marina One Residences is conveniently located
to everything you want and possibly need. 2-BR + study from Sgd 2,512,300
• Tenure : 99-year Leasehold
• 1 to 4-Bedroom Apartments & Penthouses Eric Liew (CEA Reg No: R021280Z)
• 657 sq ft - 8,708 sq ft 9824 9966
• Total Units : 1,042 eric.liew@sg.knightfrank.com
• Developed by : M+S Pte Ltd
MARCH 2018 - JUNE 2018 • 37LOCAL
Artist's Impression
QUEENS PEAK
DUNDEE ROAD, D03
for sale
Guide price :
3-BR from Sgd 1,569,000
WHERE CONVENIENCE MEETS LUXURY
Perfectly positioned in a highly sought after area due to its proximity
Artist's Impression
to the city and CBD, Queens Peak is one of the long awaited
residential developments among homebuyers and property
investors. The development is blessed with excellent connectivity,
has plenty of educational institutions in the area and enjoys the
Artist's Impression distinct character and tranquility of Queenstown. For the health
conscious and nature lovers, there is also a lot to look forward
to. Hortpark, Singapore Botanic Gardens, Delta Sports Complex,
Queenstown Stadium and many more are located within a
distance of less than 2 km.
• Tenure : 99-year Leasehold
• 1 to 5-Bedroom Apartments & Penthouses
• 425 sq ft - 4,778 sq ft
• Total units : 736
• Developed by : HY Realty (Dundee) Pte Ltd
• Directly connected to Queenstown MRT station
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 38LOCAL
Artist's Impression
Artist's Impression
ARTRA
ALEXANDRA VIEW, D03
for sale
Guide price :
2-br + study from sgd 1,554,200
Artra at Alexandra is a new mixed development
by FEC Skyline at Alexandra View. Comprising
commercial units on the 1st floor together with a
supermarket and residential units, residents are well
pampered with ultimate convenience. Shop, live and
buy groceries with everything under one roof.
• Tenure : 99-year Leasehold
• 2-Bedroom + Study, 3-Bedroom,
3-Bedroom + Study, 5-Bedroom
• Size : 786 sq ft - 2,583 sq ft
• Total units : 400
• TOP Date : March 2020
• Developed by : FEC Skyline Pte Ltd
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 39LOCAL
Artist's Impression
Artist's Impression
SKYSUITES
@ ANSON
ENGGOR STREET, D02 FOR THE DISCERNING
for sale
Skysuites@Anson is an iconic development that is
reshaping the city skyline. Offering magnificent views of the
Guide price : Central Business District, Marina Bay and the upcoming
3-br from sgd 2,315,070 new waterfront district, this stunning structure lights up
the night sky charmingly with its gloriously illuminated sky
terraces.
• Tenure : 99-year Leasehold
• 1 to 3-Bedroom Apartments
• 365 sq ft – 1,140 sq ft
• Total Units : 360
• Developed by : Allgreen Properties Limited
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 40LOCAL
Artist's Impression
SK Y STAY LANDED, LIVE ELEVATED
HAB ITAT
Rising to the skies from Singapore’s liveliest urban
centre, Sky Habitat is a high-rise apartment but in
many ways, also a home. Each unit boasts a private
garden or outdoor space that opens up to the sky.
BISHAN STREET 15, D20 When regarded collectively, the units are reminiscent
for sale of idyllic houses terraced along Mediterranean
hillsides, complete with alleys and walkways linking
the community of homes on several levels.
Guide price :
2-br + TERRACE • Tenure : 99-year Leasehold
from sgd 1,991,100 • 1 to 4-Bedroom Apartments & Penthouses
• 958 sq ft - 3,670 sq ft
• Total Units : 509
• Developed by : CapitaLand Ltd
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 41LOCAL
Artist's Impression
STARLIGHT REVEL AND RELISH IN REALMS OF PLEASURE
SUITE S Starlight Suites is a 35-storey high rise building of sleek, modern contemporary
design. It is a freehold property located at 11 River Valley Close. The Starlight
Suites will be a leisure walk away from the future Great World City MRT station
and is just a stone's throw away from Singapore’s busiest and most vibrant
shopping district, Orchard Road. As the bright ambience of the shops beckon,
11 RIVER VALLEY CLOSE, D09 residents can take their pick with innumerable choices to suit every lifestyle
for sale need and be drawn to the glitter of exquisite dinning choices and titillating
nightlife.
price on application
• Tenure : Freehold
• 1 to 4-Bedrooms Apartments & Penthouses
• 560 sq ft – 3,401 sq ft
• Total Units : 105
• Developed by : Meadows Property (S'pore) Pte Ltd
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 42LOCAL
AMBER A NEW WAVE IN LUXURY LIVING BECKONS
SKYE The magnificent allure of oceania living is encapsulated in one private
residential beacon in the east - Amber Skye. The 22-storey freehold
condominium is located in Singapore’s prime district, Amber Road, and
is surrounded by prestigious local and international schools with easy
access to major expressways and the upcoming Amber MRT station.
8 AMBER ROAD, D15 Luxury living awaits you at Amber Skye.
for sale
Guide price : • Tenure : Freehold
2-br from sgd 2,420,000 • 1 to 3-Bedroom Apartments, Grandeur,
Grand Villas & Penthouses
• 527 sq ft - 5,177 sq ft
• Total Units : 109
• Developed by : CS Land Pte Ltd
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
MARCH 2018 - JUNE 2018 • 43You can also read
