SINGAPORE VIEW JUL 2018 - OCT 2018 - Knight Frank
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J U L 2018 - OC T 2018
SINGAPORE
VIEW
A COLLECTION OF THE
FINEST PROPERTIES &
DEVELOPMENTS
JULY 2018 - OCTOBER 2018 • 1
CONTENTS
15 05
WELCOME
06
MARKET RESEARCH
12
ADVISORY SERVICES
14
AUCTION & SALES
27
20
INDUSTRIAL
26
INVESTMENT &
CAPITAL MARKETS
37
OFFICE
SINGAPORE VIEW • 2
51
37
38
PROPERTY ASSET
MANAGEMENT
61 40
RESIDENTIAL
LOCAL PROJECTS
48
RESIDENTIAL
INTERNATIONAL
PROJECTS
67
RETAIL
JULY 2018 - OCTOBER 2018 • 3
SINGAPORE VIEW
jul 2018 - oct 2018 EDITOR Liew Lixia
RESEARCH CONTENT Alice Tan
COVER IMAGE AFFINTY AT SERANGOON MARKETING Phyllis Goh
READ MORE ON PAGE 40 DESIGNER Regina Ang
SINGAPORE VIEW • 4
WELCOME
Despite the uncertain external environment, Singapore needs from both the construction, and offshore and
continues to be a desirable location for investors and marine sectors.
multinational companies to locate in. The hosting of
the historic Trump-Kim summit further highlighted Separately, the retail sector remains subdued despite
Singapore’s attraction. While the Malaysian government modest improvements in retail sales growth. Retailers
announcement to drop plans for Kuala Lumpur- remained cautious, leading island-wide prime retail
Singapore High Speed Rail raised concerns, it did rents to fall by 0.8% y-o-y. However, there are signs
not dampen the optimism in the Singapore real estate that the retail market is bottoming. Prime retail rents in
market. the City Fringe precinct bucked the trend, rebounding
3.5% y-o-y after 11 quarters of decline. Island-
The stronger economic outlook further catalysed the wide occupancy is likely to hold firm through 2018,
recovery of the office market, with Grade A office supported by steady performances in established
rents rising across all precincts to register overall malls and anticipated stronger tourism numbers.
increases in occupancy. With significant office space
leasing movements in Q1 2018 across industries amid On the private homes front, the Property Price Index
tightening supply, prime office rents are expected to of all residential market segments climbed 3.9% y-o-y
continue its upward trajectory to rise from 8.0% to in Q1 2018, the highest growth seen since Q2 2010.
12.0% year-on-year (y-o-y), by end-2018. Lifted in part by Singapore’s robust GDP expansion in
Q1 2018, total transaction volumes for the New Sale,
The growth outlook for the manufacturing sector Sub-sale and Resale sectors grew 2.4% y-o-y. Barring
continues to be upbeat, buoyed by optimism from the any government intervention and external shocks,
precision engineering cluster. With Singapore exports prices and sales momentums are likely to forge ahead,
anticipated to grow further, demand for industrial on the back of rising land prices, growing optimism,
spaces is set to increase, in parallel to expected and higher unit price expectations.
increases in industrial production and warehousing
Danny Yeo
Chairman & Group Managing Director
Knight Frank Singapore
JULY 2018 - OCTOBER 2018 • 5
MARKET
RESEARCH
SYNOPSIS
RE SIDENT I AL OUTLOOK FOR PRIVATE HOME PRICES
Source: URA, Knight Frank Research
The Property Price Index of all market segments climbed MARKET ACTUAL PROJECTED
3.9% year-on-year (y-o-y) in Q1 2018, the highest growth SEGMENT (AS AT Q1 2018)
seen since Q2 2010. Fuelled in part by the robust Singapore Q-O-Q % Y-O-Y% BY END 2018
economic performance of 4.3% GDP expansion on a y-o-y (Y-O-Y%)
basis in Q1 2018, the total New Sale, Sub-sale and Resale
residential transaction volume hit 5,328 units in the first 3.9% 5.4% 8.0% TO 11.0%
ISLAND-WIDE
quarter, a 2.4% y-o-y increase. The higher transaction
numbers were largely attributed to the resale performance, NON-LANDED
which constituted 68.8% of the total transaction volume. 5.5% 6.6% 8.0% TO 12.0%
CCR
This is in contrast to the resale market contributing only
41.7% to the total transaction volume a year ago. NON-LANDED 1.2% 2.8% 6.0% TO 8.0%
RCR
A key factor to the strong resale performance could be NON-LANDED 5.6% 6.7% 9.0% TO 11.0%
due to the release of pent-up demand from prospective OCR
homebuyers and also market expectations that private
home prices will continue its rise in the next few quarters LANDED 1.9% 3.3% 6.0% TO 8.0%
HOMES
amid higher land bid prices and costs.
However, cost of borrowing continues to climb in early
2018, as the three-month Singapore Interbank offered URA PRIVATE RESIDENTIAL PROPERTY PRICE
rate (Sibor) rose to 1.507% in April 2018, the highest INDICES
since September 2008. Home loan rates are expected to
Source: URA, Knight Frank Research
increase further with upward pressure from anticipated
Fed rate hikes later this year, which would adversely URA ALL RESIDENTIAL PPI (INCLUDE EC) NON-LANDED CCR
impact home affordability coupled with prospect of rising NON-LANDED RCR NON-LANDED OCR LANDED
home prices.
190.0
Rental yields saw a steep fall in the Mid-tier segment in
the first quarter of 2018, with average gross rental yields
180.0
for the Mid-tier segment slipping to 2.99% in Q1 2018, its
lowest since Q3 2011. The decline was largely due to the
accelerating resale home prices, which resulted in yields 170.0
to be compressed. Yields of High-end and Mass-market
segments both declined in Q1 2018 to 3.17% and 2.73% 160.0
Property Price Index (Q1 09 = 100)
respectively.
150.0
With the total transaction volume in Q1 2018 hitting 5,328
units, 2.4% higher than the 5,202 units in Q1 2017, total 140.0
transaction volume for 2018 is expected to hit above
25,000 units, barring any unforeseen circumstances.
Displaced residents from the various collective sales sites 130.0
closed in 2017 and early 2018 are likely to provide a further
uplift in transactions this year, as it is envisaged that many 120.0
owners will find replacement homes once the Order of
Sale is received. 110.0
Unless the government intervenes again, the price and 100.0
sales momentum is likely to continue unabated for the rest
of the year in a virtuous cycle of rising land prices, growing
90.0
optimism and higher unit price expectations.
Q1 2010
Q1 2011
Q1 2012
Q1 2013
Q1 2014
Q1 2015
Q1 2016
Q1 2017
Q1 2018
SINGAPORE VIEW • 6
RE TAIL MAJOR UPCOMING RETAIL SUPPLY IN
KEY PRECINCTS (ABOVE 50,000 SQ FT NLA)
“
Source: Knight Frank Research
FRINGE AREA DOWNTOWN CORE ORCHARD
Retailers step up to REST OF CENTRAL AREA SUBURBAN
develop differentiated
NETT LETTABLE RETAIL SPACE (’000 SQ FT)
concepts and landlords 1,400
adopt various strategies to
distinguish themselves
1,200
Consumers are set to benefit from the dynamic shift in the retail market,
as retailers step up to develop differentiated concepts and landlords 1,000
adopt various strategies to distinguish themselves. With prime retail
rents declining at a slower pace in Q1 2018, island-wide occupancy is
expected to remain fairly healthy through 2018.
Prime retail rents in the City Fringe precinct reported strong recovery 800
after 11 quarters of negative to flat growth. Impacted by cautious retailer
sentiments despite a modest improvement in retail sales growth, island-
wide prime retail rents fell by 0.8% y-o-y to average $30.50 per square
feet per month (psf pm) in Q1 2018. This is the 15th consecutive quarter 600
of decline for island-wide prime retail rents. The city fringe precinct
rebounded with a strong recovery (3.5% y-o-y) in prime rents for the first
time after 11 quarters of decline. Average rents in the Central Region are
envisaged to fall by up to 2.0% y-o-y by Q4 2018, while prime rents are 400
likely to moderate downwards by up to 2.0% y-o-y.
Island-wide occupancy performance is expected to hover between
91.0% and 93.0% by Q4 2018. Overall, most retailers are still seen to
be taking a prudent approach towards their physical store expansion 200
plans, amid uncertain consumer sentiment trends and persistently high
business costs. Island-wide occupancy will likely be supported mainly
by the steady occupancy performances in established malls. Malls in
the Central Area could gain from stronger tourism performance and 0
positive economic sentiments in 2018. 2018 2019 2020 2021
AVERAGE GROSS RENTS OF PRIME RETAIL SPACE FOR Q1 2018
Source: Knight Frank Research
* 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$30.50 S$34.50 S$29.40 S$25.60 S$28.70
Q-O-Q CHANGE -0.4% -2.1% 0.5% 3.5% -0.3%
Y-O-Y CHANGE -0.8% -1.3% -3.4% 3.5% -0.3%
JULY 2018 - OCTOBER 2018 • 7
OFFICE
“
Prime grade office rents
on the rise for four
consecutive quarters
The Singapore office market continues its recovery on the back of an average occupancy rate of 92.5% for Grade A+ office space
positive economic outlook and hiring sentiments across sectors, and tapering supply of new prime office stock coming on-stream
with many companies increasingly adopting flexible workplace until 2020, landlords are adjusting rents upwards.
arrangements and enterprise co-working arrangements.
While Grade A office space rents rose across all precincts, the
Office space leasing movements in Q1 2018 were broad-based Suntec / Marina Centre precinct saw the highest rent growth
across industries. The largest move in the CBD came from of 2.9% q-o-q as occupancy rose by 0.1% q-o-q to 95.9% in
French energy giant Total S.A., leasing close to 125,000 sq ft of Q1 2018. Although Grade A office space occupancy in Raffles
office space in Frasers Tower. Other notable movements include Place / Marina Bay decreased in Q1 2018 by 0.2% due to tenant
cosmetics firm Shiseido relocating from Haw Par Centre to movements, most precincts registered increases in occupancy,
take-up some 50,000 sq ft in Frasers Tower, and legal firm Rajah with City Hall Grade A office space at near full occupancy.
& Tann relocating to Marina One from MYP Centre to occupy
some 80,000 sq ft. Given the current tight supply and increasing demand, prime
office rents are expected to continue its rise by 8.0% to 12.0%
Prime grade office rents were on the rise for four consecutive year-on-year by end-2018. New supply that will start coming
quarters with a cumulative 4.5% increase since Q2 2017. Grade onstream from 2019 onwards may help to keep the pace in
A+ office space rents in the Raffles Place / Marina Bay precinct rental increase in check.
increased by 2.7% quarter-on-quarter (q-o-q) in Q1 2018. With
SINGAPORE VIEW • 8
AVERAGE OFFICE RENTALS, BY KEY PRECINCTS IN Q1 2018
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/ $9.50 - $10.00 2.7% 5.6% -2.2%
MARINA BAY GRADE A+
RAFFLES PLACE/ $8.40 - $8.90 2.6% 4.5% No change
MARINA BAY GRADE A
SHENTON WAY/
ROBINSON ROAD/
TANJONG PAGAR $8.00 - $8.50 2.1% 4.6% 1.7%
GRADE A
SUNTEC / MARINA $8.00 - $8.50 2.9% 4.4% -0.3%
CENTRE GRADE A
CITY HALL GRADE A $8.20 - $8.70 2.4% 0.7% -1.1%
ORCHARD GRADE A $8.00 - $8.50 1.2% 4.3% -1.1%
BUGIS GRADE A $7.50 - $8.00 2.0%
CITY FRINGE WEST -
ALEXANDRA / $6.00 - $6.50 1.8%
HARBOUFRONT
CITY FRINGE NORTH - $6.30 - $6.80 1.5%
NOVENA / NEWTON
CITY FRINGE EAST - $4.90 - $5.40 1.8%
PAYA LEBAR
SUBURBAN EAST $4.20 - $4.70 0.7%
SUBURBAN WEST $4.80 - $5.30 1.0%
UPCOMING OFFICE SUPPLY (GROSS FLOOR AREA), AS AT Q1 2018
Source: URA, Knight Frank Research
Q2 - Q4 2018 2019 2020 2021 TOTAL
MARINA BAY/ RAFFLES
PLACE GRADE A+/A 179,500 sq ft 1,833,700 sq ft 2,013,200 sq ft
- - 1, 833, 700 2, 013, 200
SHENTON WAY/ ROBINSON ROAD/ 884,300 sq ft 101,100 sq ft 939,400 sq ft 1,924,800 sq ft
TANJONG PAGAR GRADE A 939, 400 -
SUNTEC/MARINA/ CITY HALL 270,400 sq ft 270,400 sq ft
& REST OF CENTRAL GRADE A - - -
ORCHARD 442,800 sq ft 442,800 sq ft
- - -
CITY FRINGE (EAST) 968,800 sq ft 130,100 sq ft 1,098,900 sq ft
- - 1, 098, 900
CITY FRINGE (WEST)
- - - - -
SUBURBAN 653,800 sq ft 62,700 sq ft 716,500 sq ft
- -
TOTAL 2,032,600 sq ft 1,468,100 sq ft 1,132,200 sq ft 1,833,700 sq ft 6,466,600 sq ft
1, 468, 100 1, 132, 200 6, 466, 600
JULY 2018 - OCTOBER 2018 • 9
I NDU S T RIA L
The manufacturing sector is expected to continue its as observed on the ground. Business Park rents rose by
growth in 2018, as manufacturing firms are upbeat about 1.2% q-o-q to $4.19 psf pm, as leasing activity remains
business prospects for the next six months, according to the healthy amid the limited available business park spaces in
Business Expectations Survey conducted by the Economic the market.
Development Board (EDB). The most optimistic outlook
came from the precision engineering cluster, with a net As the Singapore economy continues to expand at a healthy
weighted balance of 39% of firms rate with improvements in
“
anticipating improved business business sentiments, especially
conditions between April and in the construction and O&M
September of 2018, buoyed sectors, demand for real estate
largely by the pickup in global
demand for semiconductors.
Demand is set to grow to spaces to meet the expected
increase in industrial production
Based on Knight Frank’s meet the expected increase and warehousing needs is set
basket of industrial properties,
overall island-wide rents for
in industrial production and to grow.
conventional industrial space warehousing needs Whilst new supply of industrial
rose by 0.3% q-o-q to $1.98 spaces coming on-stream in
psf pm in Q1 2018, mainly due to the increases in rentals in 2018 is lower at 15.4 million sq ft compared with 20.9 million
the Bukit Merah – Alexandra – Jalan Kilang – Pasir Panjang sq ft in 2017, the occupancy rates of current industrial
cluster, Clementi – Toh Tuck – Bukit Batok cluster, and the spaces are envisaged to recover, albeit on a two-tier level
Woodlands – Sembawang – Admiralty – Yishun cluster. with high-specification industrial spaces seeing a faster
The Clementi – Toh Tuck – Bukit Batok cluster reported the rate of recovery to suit industrialists’ needs compared to
strongest appreciation in rents, with a 4.9% q-o-q increase conventional industrial spaces. We expect average industrial
to $1.49 psf pm in Q1 2018, due to the limited availability rentals to moderate between -3.0% to 1.0% y-o-y by end-
and positive demand of low to mid-range industrial spaces 2018.
SINGAPORE VIEW • 10AVERAGE MONTHLY GROSS RENTALS FOR CONVENTIONAL INDUSTRIAL SPACE, BY KEY CLUSTERS
Source: Knight Frank Research Q4 2017 Q1 2018 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$1.31
S$1.32
0.8%
AVERAGE
S$1.82
S$1.82 0.3%
NO CHANGE
S$1.97
S$1.42 S$1.98
S$1.49 S$1.68
4.9% WOODLANDS S$1.67
SEMBAWANG
ADMIRALTY -0.6%
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$1.62 S$2.97
NO CHANGE
S$4.14
S$1.61 S$4.19
-0.6% 1.2%
S$2.78
S$2.79
0.4%
S$2.18
S$2.16
-0.9%
JULY 2018 - OCTOBER 2018 • 11ADVISORY SERVICES
ADVISORY
SERVICES
CONS ULTANCY OUR SERVICES:
& R ES E AR CH • Highest and best use studies
• Development and planning consultancy
• Master planning advisory
Knight Frank's Consultancy & Research team • Pricing and rental strategy
provides strategic advice, development consultancy • Market due diligence
and market research services to a wide range of • Feasibility studies for residential, retail,
local and overseas clients across both private and office, hotels, shophouses and
public sectors. industrial properties
• Customised research studies
Leveraging the multi-disciplinary expertise of our
analysts and first-hand insights from our industry
FOR MORE INFORMATION, PLEASE CONTACT:
veterans, we help clients seize opportunities and
unlock the potential of their projects while identifying
and minimising risks. Backed by a world-class global Tay Kah Poh
research team, we draw upon the knowledge from Executive Director & Head,
our network of more than 400 offices across 60 Consultancy
countries to deliver in-depth research against global T: 6228 6833
market dynamics. E: kahpoh.tay@sg.knightfrank.com
Our strengths in offering comprehensive and Lee Nai Jia
independent advice in multiple areas has earned us Senior Director & Head,
an extensive track record in consultancy projects. Research
T: 6228 6878
E: naijia.lee@sg.knightfrank.com
SINGAPORE VIEW • 12ADVISORY SERVICES
VALUATIO N &
A DVISORY
With a track record of 78 years in Singapore, Knight Frank’s Valuation & FOR MORE INFORMATION,
Advisory team grows from strength to strength. We are proud to have served PLEASE CONTACT:
many clients who have placed their trust in our competence, integrity and
professionalism by staying with us year after year. Our experienced, well- Low Kin Hon
respected and dedicated team regularly appraises properties for mortgage, Deputy Group Managing Director & Head,
sale or purchase, public listing, financial reporting, rental reviews, litigation Valuation & Advisory
and statutory valuations. Today, we are on the valuation panel of nearly every T: 6228 6860
leading bank and financial institution in Singapore.
E: kinhon.low@sg.knightfrank.com
Recently, Knight Frank has been appointed for the following valuations:
Png Poh Soon
CapitaLand Mall Trust - Portfolio valuation of seven retail malls and Senior Director,
a mixed development, with a combined net lettable area of about 3 Valuation & Advisory
million sq ft. T: 6228 7393
E: pohsoon.png@sg.knightfrank.com
CapitaLand Commercial Trust - Valuation of Asia Square Tower
2, which comprises premium Grade A office and retail units with a
combined net lettable area of approximately 778,000 sq ft.
Sabana Shari’ah Compliant Industrial REIT - Portfolio valuation of 11
of their industrial properties comprising high-tech industrial buildings,
general industrial buildings and warehouse & logistics buildings.
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.
JULY 2018 - OCTOBER 2018 • 13AUCTION & SALES
AUCTION & SALES
TH E SA I L @
M A RI N A BAY
6-STAR WATERFRONT LIVING LIFESTYLE
The subject property is located along Marina View in
District 1 with premium views of the bay and central
park. Marina Bay and its surroundings may be
supplanting the Orchard area to be the place to live
in by taking hold of the work-live-play concept. Wiith
mega-office complexes like the Marina Bay Financial
Centre and Asia Square Tower, it draws expatriates
to reside in the luxury homes of the business district.
• Tenure : 99-years Leasehold (wef 2002)
• Floor Area : 1,647 sq ft
• 4-Bedroom Apartment
(partitioned to 5 bedrooms)
• Link to Downtown & Raffles Place MRT stations
• Premium stack with bay view
Guide price: $1,700 psf
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
6 MARINA BOULEVARD, D01 mortgagee sale
H ELI O S
RESI D EN CES
3-STOREY LUXURIOUS PENTHOUSE
WITH LIFT, JACUZZI & ROOF TERRACE
Located at a prime location just minutes away from
Newton MRT station, the subject property is in close
proximity to the vibrant Orchard Road shopping
belt where many amenities and eateries are readily
available in malls like Orchard Ion, Takashimaya,
Wisma Atria, The Paragon, and many more.
Short distance to prestigious schools like Raffles
Girls School, Anglo-Chinese School, ISS International
School & Chatsworth International School.
• Tenure : Freehold
• Area : 3,993 sq ft
• T.O.P : 2011
• 4 + 1 Bedrooms
Guide price: $8.3 m
Sharon Lee (CEA Reg No: R027845B)
15 CAIRNHILL CIRCLE, D09 9686 4449 • 6228 6891
mortgagee sale sharon.lee@sg.knightfrank.com
SINGAPORE VIEW • 141 NORTH BRIDGE ROAD, D06
AUCTION & SALES
owner SALE
HIGH STREET
CE N TR E
BASEMENT CORNER UNIT
High Street Centre is a high-rise commercial-cum-
residential development comprising a basement with
shops and a car park, 6-storey podium, offices and
apartment units from levels 7 and above.
Located at North Bridge Road, the locality is
predominantly commercial in nature with modern
shopping, office and hotel developments around the
area. Iconic developments like the National Gallery,
Parliament House and the supreme court are within
the vicinity.
• Tenure : 99-years Leasehold (wef 1969)
• Floor Area : 990 sq ft
• Selling with vacant possesion
• GST payable
Tricia Tan (CEA Reg No: R021904I)
9387 9668 • 6228 7349
tricia.tan@sg.knightfrank.com
FA BE R WA L K
LANDED 2-STOREY SEMI-DETACHED
HOUSE WITH SWIMMING POOL
The subject property is located at Faber Walk, off
Jalan Lempeng / Commonwealth Avenue West / Ayer
Rajah Expressway.
The immediate locality is a pleasant residential area. It
is a short drive away from the Ayer Rajah Expressway,
Pan Island Expressway and Clementi MRT station,
enhancing the accessibility of the subject property to
other parts of Singapore.
• Tenure : Freehold
• Land Size : 7,075 sq ft
• 5-bedroom semi-detached house
• Masterplan Zoning : 2-Storey Semi-Detached
• Ideal for building a bungalow
Guide price: $6.X million
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331 FABER WALK, D05
gwen.lim@sg.knightfrank.com owner sale
JULY 2018 - OCTOBER 2018 • 15JOO CHIAT TERRACE, D15
AUCTION & SALES
owner sale
J OO CH I AT
TERRA CE
3-STOREY DETACHED HOUSE
The subject property is located at Joo Chiat Terrace,
off Joo Chiat Road. The locality is mainly residential
in nature with landed, low rise apartment and
condominium developments.
Eunos MRT is within walking distance from the
property. Many amenities are readily available around
the vicinity with nearby malls such as I12 Katong,
Singpost Centre and Paya Lebar Square.
• Tenure : Freehold
• Land Area : 7,547 sq ft
• Built-up Area : 5,571 sq ft
• 9 good-sized bedrooms
(8 ensuite & 1 shared bathroom)
Guide price: $6.03 million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
TOH D RI V E
3 UNITS OF 2-STOREY CLUSTER SEMI-
DETACHED WITH BASEMENT & ATTIC
Victory Ville is a development comprising 8 units
of 2-storey cluster semi-detached houses with a
basement, attic, home lift and private carpark each.
Communal facilities provided within the development
include a swimming pool, playground and BBQ pit.
The immediate locality is generally residential in nature
and marked by landed housing with some private
condominium developments nearby.
• Tenure : Freehold
• Floor Area : 3,757 sq ft
• Brand New
Tricia Tan (CEA Reg No: R021904I)
27 TOH DRIVE, D17 9387 9668 • 6228 7349
developer sale tricia.tan@sg.knightfrank.com
SINGAPORE VIEW • 16CHESTNUT AVENUE, D23
AUCTION & SALES
owner SALE
GRE E N H IL L
E STAT E
RARE SINGLE-STOREY
DETACHED HOUSE
Situated within the good class bungalow area, the
subject property enjoys a peaceful and serene
environment set within lush greenery.
It is a short walk away to the Dairy Farm Nature Reserve
and well-connected to other parts of Singapore via the
BKE and PIE. Cashew MRT station and Pending LRT
station are also within the vicinity.
• Tenure : Freehold
• Land Area : 5,998 sq ft
• Wide frontage of approximately 23m
• Zoning : Residential / GCBA
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
T E LO K AY E R
3-STOREY REFURBISHED
SHOPHOUSE WITH ATTIC & LIFT
The subject property is located along Telok Ayer Street,
close to the junction of Boon Tat Street and within the
Chinatown Conservation Area. Situated within the
traffic restricted zone of the Central Business District,
the immediate locality is characterized by conservation
shophouses amidst modern high-rise buildings.
Vehicular access to other parts of Singapore is
enhanced with highways like CTE, AYE and ECP.
Tanjong Pagar and Raffles Place MRT stations are also
within walking distance.
• Tenure : 999-years Leasehold (wef 1828)
• Land Area : 1,185 sq ft
• Built-up Area : 4,400 sq ft
• GST is not payable
• Selling vacant and on “As-is” basis
Guide price: $8.9 million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
Tricia Tan (CEA Reg No: R021904I)
9387 9668 • 6228 7349 TELOK AYER, D01
tricia.tan@sg.knightfrank.com mortgagee sale
JULY 2018 - OCTOBER 2018 • 1735 ROSYTH ROAD, D19
AUCTION & SALES
owner sale
G I LLEN I A
3-BEDROOM APARTMENT
The subject property is located off Yio Chu Kang
Road, approximately 9km from the city centre and
easily accessible via the CTE. Serangoon and Kovan
MRT stations are also nearby.
Serangoon Junior College, Xinmin Secondary School,
Bowen Secondary School and Rosyth School are
within proximity.
Near to Nex, Heartland Mall, Hougang Mall, Chomp
Chomp Food Centre, Kovan Market and other food
centres where amenities are readily available.
• Tenure : 999-years Leasehold (wef 1886)
• Floor Area : Approx. 1,098 sq ft
• Swimming pool & BBQ pit within the
development
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
GA MBI R RI D GE
1+STUDY APARTMENT &
3+STUDY PENTHOUSE
Located at Upper Serangoon, the development is
near Serangoon, Bartley and Woodleigh MRT stations.
Minutes away to Nex mall where amenities are readily
available. Nearby to schools like Zhonghua Secondary
School, Paya Lebar Methodist Girls’ School and Maris
Stella High School.
• Tenure : Freehold
• Floor Area :
1 + Study Apartment : 592 sq ft
3 + Study Penthouse : 1,561 sq ft
• High-floor units with unblocked views
• Swimming pool & BBQ pit within
development
Noelle Tan (CEA Reg No: R047713G)
9 GAMBIR WALK, D19 9766 7797 • 6228 7380
owner sale noelle.tan@sg.knightfrank.com
SINGAPORE VIEW • 18261 BUKIT TIMAH ROAD, D10
AUCTION & SALES
OWNER SALE
GOOD WO O D
RE SI DE N CE
LUXURIOUS 3-BEDROOM APARTMENT
Goodwood Residence is a prime condominium
developed by Guocoland. It comprises two 12-storey
blocks accommodating 210 units of apartments and
penthouses.
Located on Bukit Timah Road, it is just minutes’ drive
away from Singapore’s popular tourist shopping belt of
Orchard Road and in proximity to prestigious schools
such as Anglo-Chinese School and Raffles Girls'
School. Accessibility is further enhanced by Newton
MRT just within minutes’ walk away and the CTE.
• Tenure : Freehold
• Floor Area : Approx. 1,970 sq ft
• T.O.P : 2013
• Tenanted till 2019
• Mid-floor unit
• Concierge Service available
Guide price: $5.05 million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
L A N G S AT R O A D
NEW 3-STOREY TERRACE HOUSE
WITH ROOF GARDEN
The subject property is located at Langsat Road, off
Still Road. The locality is mainly residential in nature
with landed and low rise apartments and condominium
developments.
Eunos MRT station is within walking distance from the
subject property. Many amenities are readily available
around the vicinity with nearby malls such as I12
Katong, Sing post Centre & Paya Lebar Square.
• Tenure : Freehold
• Land Area : 1,775 sq ft
• Built-up Area : 3,935 sq ft
• 5 Big Bedrooms
• High ceiling
• Efficient layout with good facing
Guide price: $3.xx million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891 LANGSAT ROAD, D15
sharon.lee@sg.knightfrank.com owner sale
JULY 2018 - OCTOBER 2018 • 19INDUSTRIAL
INDUSTRIAL
13 BENOI SECTOR
A SINGLE-USER GENERAL INDUSTRIAL DEVELOPMENT 13 BENOI SECTOR, D22
COMPRISING A SINGLE-STOREY PRODUCTION/ FOR sale
ASSEMBLY AREA, A 3-STOREY ANCILLARY OFFICE
BLOCK, EXTERNAL TESTING YARD & A TEMPORARY
ANCILLARY STAFF CANTEEN
The subject property is strategically located along Benoi Sector; it is walking Gerald Quek (CEA Reg No: R002959B)
distance from the nearest bus stop and easily accessible via the AYE and PIE. It 9047 7619 • 6228 7306
is approximately 5 minutes’ drive from Joo Koon MRT Station. gerald.quek@sg.knightfrank.com
Tan Boon Leong (CEA Reg No: R002918E)
9817 0009 • 6228 6894
• Land Area : Approx. 316,387.62 sq ft boonleong.tan@sg.knightfrank.com
• Gross Floor Area : Approx. 125,630 sq ft
• Tenure : JTC Leasehold of 30 years (wef 2011)
• 2014 MP Zoning: Business 2 with Plot Ratio 2.5
SINGAPORE VIEW • 2017 GUL STREET 4, D22
INDUSTRIAL
FOR sale
17 G UL
STRE E T 4
A SINGLE-STOREY JTC STANDARD
(TYPE C3) DETACHED FACTORY WITH
A MEZZANINE LEVEL AND SIDE/REAR
EXTENSION
The subject property is located along Gul Street 4, near
the junction with Gul Drive. It is about 2 minutes’ drive
from Gul Circle MRT station and is easily accessible via
the AYE and PIE.
• Tenure : JTC Leasehold 30+30 years
(wef 1983)
• Land Area : Approx. 38,691 sq ft
• Gross Floor Area : Approx. 22,982 sq ft
• 2014 Master Plan Zoning :
B2 with 1.4 plot ratio
Gerald Quek (CEA Reg No: R002959B)
9047 7619 • 6228 7306
gerald.quek@sg.knightfrank.com
Tan Boon Leong (CEA Reg No: R002918E)
9817 0009 • 6228 6894
boonleong.tan@sg.knightfrank.com
21 & 2 3 K IA N
TECK ROAD
THREE SINGLE-STOREY JTC FACTORY
BUILDINGS, EACH WITH MEZZANINE
LEVELS AND A RECENTLY COMPLETED
5-STOREY FACTORY BLOCK
WITH TEMPORARY SECONDARY
DORMITORY
The subject property is located along Kian Teck Road,
International Road and Upper Jurong Road. The subject
site is easily accessible from the AYE and PIE and is in
close proximity to Pioneer and Joo Koon MRT stations.
• Tenure : JTC leasehold 60 years (wef 1972)
• Land Area : Approx. 133,238 sq ft
• Gross Floor Area : Approx. 194,286 sq ft
• 2014 Master Plan Zoning :
B2 with 1.4 plot ratio
Gerald Quek (CEA Reg No: R002959B)
9047 7619 • 6228 7306
gerald.quek@sg.knightfrank.com
Tan Boon Leong (CEA Reg No: R002918E)
9817 0009 • 6228 6894 21 & 23 KIAN TECK ROAD, D22
boonleong.tan@sg.knightfrank.com FOR SALE
JULY 2018 - OCTOBER 2018 • 2120 CHIN BEE DRIVE, D22
INDUSTRIAL
for sale
7 GU L LA N E
A JTC DETACHED FACTORY WITH
MEZZANINE OFFICE, A REAR
EXTENSION & FOUR OVERHEAD
CRANES
The property is strategically located along Gul Lane, at
the western part of Singapore. It is 4-minute drive from
Gul Circle MRT Station, accessibility is convenient via
the AYE and PIE.
• Tenure : JTC Leasehold 30+30 years
(wef 1981)
• Land Area : Approx. 68,278 sq ft
• Gross Floor Area : Approx. 41,455 sq ft
• 2014 Master Plan Zoning :
B2 with 1.4 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z)
9825 0900 • 6228 7334
eekiat.ng@sg.knightfrank.com
Lim Poh Gheok (CEA Reg No: R002915J)
9617 1006 • 6228 7382
pohgheok.lim@sg.knightfrank.com
22 K A LLA N G
AV EN U E
A 7-STOREY LIGHT INDUSTRIAL
BUILDING WITH A BASEMENT
CARPARK
The subject property is located along Kallang Avenue.
It is approximately a 1-minute drive from Lavender
MRT station and Kallang MRT stations. The subject
property is easily accessible via the PIE, KPE and
Nicoll Highway.
• Tenure : Freehold
• Land Area : Approx. 18,686 sq ft
• Gross Floor Area : Approx. 68,932 sq ft
• 2014 Master Plan Zoning :
B1 with 2.5 plot ratio
Ng Ee Kiat (CEA Reg No: R002972Z)
9825 0900 • 6228 7334
eekiat.ng@sg.knightfrank.com
Tan Boon Leong (CEA Reg No: R002918E)
22 KALLANG AVENUE, D12 9817 0009 • 6228 6894
FOR sale boonleong.tan@sg.knightfrank.com
SINGAPORE VIEW • 2217 JOO KOON WAY, D22
INDUSTRIAL
FOR sale
17 J O O
KOON WAY
A PROMINENT DUAL FRONTAGE
SINGLE STOREY JTC DETACHED
FACTORY WITH MEZZANINE LEVEL
The property is strategically located at the junction of Joo
Koon Way and Joo Koon Circle. It is easily accessible
via the PIE and AYE. It is approximately 5 minutes’ drive
from Joo Koon and Gul Circle MRT stations, Joo Koon
bus interchange and Fairprice Hub.
• Tenure : JTC Leasehold 18 years
(wef 2014)
• Land Area : Approx. 74,981
• Gross Floor Area : 38,281 sq ft
• 2014 Master Plan Zoning :
B2 with Plot Ratio 1.4
Alvin Teng (CEA Reg No: R002950I)
9380 8662 • 6228 6893
alvin.teng@sg.knightfrank.com
66 KI AN T E C K
R OAD
A SINGLE STOREY JTC INTERMEDIATE
TERRACE FACTORY WITH MEZZANINE
LEVEL WITH AN OPEN FRONT YARD
FOR LOADING/UNLOADING AND CAR
PARKING
The subject property is strategically located along Kian
Teck Road and is easily accessible via the PIE and AYE.
It is approximately 5 minutes’ drive from Pioneer and
Joo Koon MRT Station, Joo Koon bus interchange and
Fairprice Hub.
• Tenure : JTC Leasehold 30 years (wef 2007)
• Land Area : 13,508 sq ft
• Floor Area : 12,001 sq ft
• 2014 Master Plan Zoning :
B2 with Plot Ratio 2.5
Alvin Teng (CEA Reg No: R002950I)
9380 8662 • 6228 6893 66 KIAN TECK ROAD, D22
alvin.teng@sg.knightfrank.com FOR lease
JULY 2018 - OCTOBER 2018 • 2333 GUL DRIVE, D22
INDUSTRIAL
for sale
33 GU L D RI V E
A JTC STANDARD S1 SINGLE STOREY
SEMI-DETACHED FACTORY WITH
MEZZANINE LEVEL, MEZZANINE
EXTENSION AND 1-STOREY REAR
EXTENSION
The subject property is strategically located at Gul
Drive. It is about 5 minutes’ drive from Gul Circle MRT
station and easily accessible via AYE and PIE.
• Tenure : JTC Leasehold 27 years and 9 months
(wef 2012)
• Land Area : Approx. 41,230 sq ft
• Gross Floor Area : 38,586 sq ft
• 2014 Master Plan Zoning :
B2 with Plot Ratio 1.4
Alvin Teng (CEA Reg No: R002950I)
9380 8662 • 6228 6893
alvin.teng@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 • 6228 7306
for LeASE gerald.quek@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, the subject
property is close to daily amenities for the office
population, and to public transportation. The building
is accessible via AYE and PIE and 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 • 6228 7306
gerald.quek@sg.knightfrank.com
H ARBO UR FR O N T
TO W E R O N E
A NICELY FITTED OFFICE SPACE
The subject property is located in the HarbourFront
CBD fringe precinct. It is close to daily amenities for the
office population and close to major highways, such as
the AYE and MCE.
• 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 • 6228 7306 1 HARBOURFRONT PLACE, D04
gerald.quek@sg.knightfrank.com for lease
JULY 2018 - OCTOBER 2018 • 25INVESTMENT &
INVESTMENT & CAPITAL MARKETS
CAPITAL MARKETS
KEMAMAN FREEHOLD RESIDENTIAL REDEVELOPMENT
OPPORTUNITY OFF BALESTIER ROAD
POINT Knight Frank is pleased to announce that Kemaman Point, a 89-unit
residential development located off Balestier Road, has been sold
collectively to Soilbuild Group Holdings Ltd, for S$143.88 million.
JALAN KEMAMAN, D12
sold Kemaman Point is a private residential estate comprising one
residential block of 89 apartment units ranging from 79 sq m to 159
sq m, and has a site area of 4,071.5 sq m (approx. 43,825 sq ft).
The immediate vicinity is predominantly surrounded by landed homes,
high-rise condominiums and retail shops. The site is well-served by
Choo Wei Siong (CEA Reg No: R053701F) major arterial roads and expressways such as Balestier Road, PIE and
9781 9557 • 6228 6892 CTE, which provide seamless connectivity to other parts of Singapore.
weisiong.choo@sg.knightfrank.com
• Tenure : Freehold
Ian Loh (CEA Reg No: R027865G) • Site Area : Approx. 4,071.5 sq m / 43,825 sq ft
8838 3288 • 6228 6823 • Master Plan 2014 :
ian.loh@sg.knightfrank.com Residential, with a Gross Plot Ratio of 2.8
SINGAPORE VIEW • 26INVESTMENT & CAPITAL MARKETS
ELIZABETH TROPHY FREEHOLD HIGH-RISE RESIDENTIAL
REDEVELOPMENT SITE
TOWERS Elizabeth Towers is a freehold residential development comprising
2 blocks of 80 apartments. The development has a site area of
5,046.3 sq m (approx. 54,318 sq ft).
MOUNT ELIZABETH, D09
for sale Elizabeth Towers is located along Mount Elizabeth, right in the heart
of the Orchard Road shopping belt. It is less than 200 metres’ walk
to Paragon and Mount Elizabeth Hospital (Orchard). The site is
easily accessible via Cairnhill Road and is close to amenities along
Orchard Road. Easy transportation facilities include Orchard MRT
station, which is approximately 500 metres walking distance from
Marvelle Wong (CEA Reg No: R055510C) the development.
9753 5878 • 6228 7359
marvelle.wong@sg.knightfrank.com
• Tenure : Freehold
Ian Loh (CEA Reg No: R027865G) • Site Area : Approx. 5,046.3 sq m / 54,318 sq ft
8838 3288 • 6228 6823 • Existing Gross Floor Area :
ian.loh@sg.knightfrank.com Approx. 23,452.286 sq m / 252,438 sq ft
JULY 2018 - OCTOBER 2018 • 27INVESTMENT & CAPITAL MARKETS
CHANCERY FREEHOLD RESIDENTIAL REDEVELOPMENT
OPPORTUNITY
ESQUIRE Chancery Esquire is a residential development comprising 31
residential apartment units with sizes ranging from 84 sq m to
158 sq m. The development has a site area of 2,696.3 sq m
CHANCERY LANE, D11 (approx. 29,023 sq ft).
for sale Chancery Esquire is located on Chancery Lane across from
Anglo-Chinese School (Baker Road) and Anglo-Chinese
School (Primary). The immediate surrounding is predominantly
residential, comprising landed homes and private residential
condominiums. It is easily accessible via expressways and major
arterial roads such as the Pan Island Expressway (PIE), Dunearn
Road and Bukit Timah Road. The Newton MRT Interchange is
Lennon Koh (CEA Reg No: R022673H) within 500 metres from Chancery Esquire.
9748 7400 • 6228 7327
lennon.koh@sg.knightfrank.com
• Tenure : Freehold
Ian Loh (CEA Reg No: R027865G) • Site Area : Approx. 2,696.3 sq m / 29,023 sq ft
8838 3288 • 6228 6823 • Existing Gross Floor Area :
ian.loh@sg.knightfrank.com Approx. 4,476.87 sq m / 48,189 sq ft
SINGAPORE VIEW • 28INVESTMENT & CAPITAL MARKETS
SUTTON FREEHOLD RESIDENTIAL REDEVELOPMENT
SITE ALONG FARRER ROAD
PLACE Sutton Place is a freehold, 5-storey residential development
comprising 44 apartment units, and has a site area of 8,657.0
sq m (approx. 93,183 sq ft). Under the 2014 Master Plan, the
FARRER ROAD, D10 site is zoned “Residential” with an allowable plot ratio of 1.6.
The site is elevated, and away from vehicular traffic.
for sale
The subject site is within 600 metres from Farrer Road MRT
station (Circle Line). Popular schools including Nanyang Primary
School and Raffles Girls’ Primary School are within 1km and
2km away, respectively.
Lennon Koh (CEA Reg No: R022673H) • Tenure : Freehold
9748 7400 • 6228 7327 • Site Area : Approx. 8,657.0 sq m / 93,183
• Master Plan 2014 :
lennon.koh@sg.knightfrank.com
Residential, with a Gross Plot Ratio of 1.6
Ian Loh (CEA Reg No: R027865G)
8838 3288 • 6228 6823
ian.loh@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 29INVESTMENT & CAPITAL MARKETS
FRAGRANT
GARDENS FREEHOLD RESIDENTIAL REDEVELOPMENT
OPPORTUNITY
UPPER PAYA LEBAR ROAD, D19 Fragrant Gardens is a residential development comprising 37
for sale residential apartment units with sizes ranging from 79 sq m to
199 sq m. The development has a site area of 3,583.8 sq m
(approx. 38,576 sq ft). Under the Master Plan 2014, the site is
zoned “Residential” with a plot ratio of 1.4.
Fragrant Gardens is located at Upper Paya Lebar Road, with
immediate surroundings consisting of predominantly low-rise
apartments and landed homes. The site is less than 8 minutes
Marvelle Wong (CEA Reg No: R055510C) drive from both Serangoon and Bartley MRT stations.
9753 5878 • 6228 7359
marvelle.wong@sg.knightfrank.com
• Tenure : Freehold
Ian Loh (CEA Reg No: R027865G) • Site Area : Approx. 3,583.8 sq m / 38,576 sq ft
8838 3288 • 6228 6823 • Master Plan 2014 :
ian.loh@sg.knightfrank.com Residential, with a Gross Plot Ratio of 1.4
SINGAPORE VIEW • 30INVESTMENT & 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 sq ft).
JALAN DAUD, D14
The site is located 2 MRT stations away from the upcoming Paya Lebar
for sale Central and is a 15-minute 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 the 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 is 58,150.74 sq m. Due to
Choo Wei Siong (CEA Reg No: R053701F) the high development baseline, no development charge is payable.
9781 9557 • 6228 6892
weisiong.choo@sg.knightfrank.com
• Tenure : Freehold
Ian Loh (CEA Reg No: R027865G) • Site Area : Approx. 23,291 sq m / 250,702 sq ft
8838 3288 • 6228 6823 • Existing Gross Floor Area :
ian.loh@sg.knightfrank.com Approx. 58,150.74 sq m / 625,929 sq ft
JULY 2018 - OCTOBER 2018 • 31INVESTMENT & CAPITAL MARKETS
SUM MER FREEHOLD RESIDENTIAL REDEVELOPMENT SITE
OFF BALESTIER ROAD
GREEN 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
BOON TECK ROAD, D12 “Residential” with an allowable plot ratio of 2.8. The site is regular in
for sale 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.
Lennon Koh (CEA Reg No: R022673H)
9748 7400 • 6228 7327
lennon.koh@sg.knightfrank.com
• Tenure : Freehold
Karen Wan (CEA Reg No: R040821F) • Site Area : Approx. 1,360.7 sq m / 14,646 sq ft
9772 8042 • 6228 6809 • Master Plan 2014:
karen.wan@sg.knightfrank.com Residential, with a Gross Plot Ratio of 2.8
SINGAPORE VIEW • 32INVESTMENT & CAPITAL MARKETS
HX 4 & 5, HIGH YIELDING CENTRAL LONDON ASSET
MANAGEMENT OPPORTUNITY
HARBOUR HX 4 & 5 Harbour Exchange presents an excellent
opportunity to acquire two prominent buildings, occupying
EXCHANGE
an island site, on the vibrant Harbour Exchange Estate.
Harbour Exchange is adjacent to South Quay DLR station
and within a five minute walk of the Canary Wharf Estate,
which includes London Underground services and the new
LONDON E14, UK Crossrail station.
for sale
• A total of approx. 8,818 sq m of Grade A offices
• Ancillary accommodation arranged across two
interlinked buildings offering flexible floor plates
Karen Wan (CEA Reg No: R040821F)
with high levels of natural light
9772 8042 • 6228 6809
• WAULT 4.6 years to expiries and 2.3 years to
karen.wan@sg.knightfrank.com breaks on the let space
• Current passing rent is £2,695,154 per annum,
Ian Loh (CEA Reg No: R027865G) reflecting a highly reversionary average rent
8838 3288 • 6228 6823 of £28.40 per sq ft overall compared to £37.50
ian.loh@sg.knightfrank.com achieved on the Harbour Exchange estate
JULY 2018 - OCTOBER 2018 • 33INVESTMENT & CAPITAL MARKETS
SYDNEY, AUSTRALIA
FOR SALE
Karen Wan (CEA Reg No: R040821F)
9772 8042 • 6228 6809
karen.wan@sg.knightfrank.com
Ian Loh (CEA Reg No: R027865G)
8838 3288 • 6228 6823
ian.loh@sg.knightfrank.com
ECLIPSE TOWER,
PARRAMATTA
100% FREEHOLD INTEREST LANDMARK OFFICE TOWER
60 Station Street, Parramatta “Eclipse Tower” presents a rare opportunity • 25,729 sq m A Grade accommodation
to acquire a 100% freehold interest in a landmark office tower. Prominently • 100% occupied by globally renowned
standing in the heart of the dynamic Parramatta CBD, this imposing 20 blue chip corporations including QBE,
storey office tower defines the city’s skyline with its unique elliptical form Deloitte and Government Property NSW
and striking glazed facade. • WALE 3.5 years
• Net passing income $14,827,689
SINGAPORE VIEW • 3471 - 73B JALAN BESAR, D08
INVESTMENT & CAPITAL MARKETS
FOR sale
JA L A N B E S A R
FREEHOLD SHOPHOUSE WITH
DUAL FRONTAGE
A row of 4 adjoining 2-storey conservation shophouses
with attic, enjoying dual frontage to Jalan Besar and
Upper Weld Road. The immediate surroundings
comprise developments which are mainly commercial
in nature.
The Jalan Besar MRT Station is located practically at
its doorstep. The subject site is a few minutes’ drive to
Orchard Road, CBD and Marina Bay area.
• Tenure : Freehold
• Site Area : Approx. 324.7 sq m / 3,495 sq ft
• Master Plan 2014 : Commercial within Little
India Conservation Area
Karen Wan (CEA Reg No: R040821F)
9772 8042 • 6228 6809
karen.wan@sg.knightfrank.com
Mary Sai (CEA Reg No: R027878I)
9388 7879 • 6228 6886
mary.sai@sg.knightfrank.com
BA L I LA N E
SHOPHOUSE INVESTMENT
OPPORTUNITY
The subject property is a 2-storey intermediate
conservation shophouse with attic, located along Bali
Lane, off Ophir Road. It enjoys a prominent frontage
and is within walking distance to Bugis MRT Station,
connecting both Downtown and East West lines.
Immediate vicinity comprises mainly shophouses and
offices.
• Tenure : 999-year Leasehold wef 1833
• Land Area : Approx. 67 sq m / 721 sq ft
• Master Plan 2014 : Commercial within
Kampong Glam Conservation Area
Zach Teo (CEA Reg No: R057284I)
9190 6256 • 6228 7394
zach.teo@sg.knightfrank.com
Mary Sai (CEA Reg No: R027878I)
9388 7879 • 6228 6886 BALI LANE, D07
mary.sai@sg.knightfrank.com FOR sale
JULY 2018 - OCTOBER 2018 • 35JOO CHIAT ROAD, D15
11 8 J O O CH I AT
INVESTMENT & CAPITAL MARKETS
for sale
RO A D
FREEHOLD COMMERCIAL BUILDING
A 4-storey commercial building with attic, lift and
9 carpark lots, nestled amongst 2 and 3-storey
shophouses. The subject site is located along Joo
Chiat Road and within walking distance to the new civic
centre – Wisma Geylang Serai. Joo Chiat is currently
undergoing a rejuvenation of with many modern F&B
establishments replacing trades of yesteryears.
• Tenure : Freehold
• Site Area : Appriox. 435.3 sq m / 4,686 sq ft
• Gross Floor Area :
Approx. 1,725.3 sq m / 18,571
• Master Plan 2014 :
Commercial with plot ratio of 3.0
James Wong (CEA Reg No: R017407Z)
9113 3113 • 6228 7345
james.wong@sg.knightfrank.com
Zach Teo (CEA Reg No: R057284I)
9190 6256 • 6228 7394
zach.teo@sg.knightfrank.com
Mary Sai (CEA Reg No: R027878I)
9388 7879 • 6228 6886
mary.sai@sg.knightfrank.com
CON N EXI ON
MEDICAL SUITES INVESTMENT
OPPORTUNITY
Connexion is Singapore’s first integrated healthcare
and hospitality complex. It is located directly above
Farrer Park MRT Station and only a few minutes’ drive
away from Orchard Road and the CBD. Enhanced
accessibility to other parts of Singapore is available via
the arterial roads of Serangoon Road, Balestier Road
and Bukit Timah Road.
• Tenure : 99-year Leasehold wef 2007
• Strata Floor Area :
Range between 711 – 2,261 sq ft
James Wong (CEA Reg No: R017407Z)
9113 3113 • 6228 7345
james.wong@sg.knightfrank.com
Zach Teo (CEA Reg No: R057284I)
9190 6256 • 6228 7394
zach.teo@sg.knightfrank.com
Mary Sai (CEA Reg No: R027878I)
1 FARRER PARK STATION ROAD, D08 9388 7879 • 6228 6886
FOR SALE mary.sai@sg.knightfrank.com
SINGAPORE VIEW • 36OFFICE
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, offering 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
Karen Tan (CEA Reg No : R004773F)
9022 8484 • 6228 7343
karen.tan@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 37PROPERTY 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.
SLA PROPERTIES
339 DAHAN ROAD 45 MARONG ROAD
INCOME @
TAMPINES
JUNCTION
NTUC INCOME PROPERTIES HILLION MALL
SINGAPORE VIEW • 38FOR 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.
A L E X R ES IDENCES O UE T W IN PE A K S
S OL AC R ES S O PHIA H I L L S
JULY 2018 - OCTOBER 2018 • 39RESIDENTIAL
LOCAL
LOCAL PROJECTS
AFFINITY AT
SERANGOON
SERANGOON NORTH AVENUE 1, D19
for sale
Guide price :
PRICE ON APPLICATION
Affinity at Serangoon is conveniently located next to one of
Singaporean’s most identifiable addresses, Serangoon Gardens.
The 14-storey high, 1,052-unit development offers magnificent
unblocked views of Serangoon’s landed housing enclave, and
offers 88 unique facilities and 5 retail shops within its compound.
There is a variety of housing options, ranging from 1 to 4 bedroom
type condominium units and 40 exclusive strata landed houses,
with each unit offering spacious and efficient layouts to meet
the needs of each aspiring home owner. Affinity at Serangoon
is truly an iconic development that will change the landscape of
Serangoon. Come home to all that you cherish.
Artist's Impression
• Tenure : 99-year Leasehold
• 1 to 4-Bedroom Apartments, Penthouses &
Strata Landed Houses
Calvin Chua (CEA Reg No: R006245Z) • Size : 474 sq ft - 2,357 sq ft
9736 9890 • Total units : 1,052 & 5 Retail Shops
calvin.chua@sg.knightfrank.com • Developed by : Oxley Serangoon Pte Ltd
SINGAPORE VIEW • 40LOCAL
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.
Marina One Residences is seamlessly connected to four 21 MARINA WAY, D01
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
connectivity, Marina One Residences is conveniently located GUIDE PRICE :
to everything you want and possibly need. PRICE ON APPLICATION
• Tenure : 99-year Leasehold
• 1 to 4-Bedroom Apartments & Penthouses
• 657 sq ft - 8,708 sq ft Teddy Ng (CEA Reg No: R006630G)
• Total Units : 1,042 9030 4603
• Developed by : M+S Pte Ltd teddy.ng@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 41ALEXANDRA VIEW, D03
LOCAL
for sale
Artist's Impression
A RTRA
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 the ultimate conveniences. 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
Guide price :
2-br + study from sgd 1,595,700
Teddy Ng (CEA Reg No: R006630G)
9030 4603
teddy.ng@sg.knightfrank.com
Artist's Impression Q U EEN S PEA K
WHERE CONVENIENCE MEETS
LUXURY
Perfectly positioned in a highly sought after area due to its
proximity 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 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
• 431 sq ft - 4,768 sq ft
• Total units : 736
• Developed by : HY Realty (Dundee) Pte Ltd
• Directly connected to Queenstown MRT station
Guide price :
3-BR from Sgd 1,619,000
Teddy Ng (CEA Reg No: R006630G)
DUNDEE ROAD, D03 9030 4603
for sale teddy.ng@sg.knightfrank.com
SINGAPORE VIEW • 42LOCAL
Artist's Impression
TWIN VEW
Two modern, 36-storey towers in clean lines and generous
use of glass fenestration rise to form timeless and chic
architecture by the river edge, amidst lush greenery. Within
the landscape spaces are calming cascading contours
inspired by rice paddy fields, offering residents endless
indulgence of wellness and relaxation. Just to name a
few, the rejuvenating swimming pool, gymnasium, dining
pavilions and the dining villas are well positioned towards
the splendid Pandan River, capturing precious moments of
residents and their time shared with loved ones. Artist's Impression
• Tenure : 99-year Leasehold WEST COAST VALE, D05
• 1 to 4-Bedroom Apartments & Penthouses for sale
• Size : 484 sq ft - 2,088 sq ft
• Total units : 520
• Developed by : Guide price :
CSC Land Group (Singapore) Pte Ltd 4-BR + study FROM SGD 1,864,000
Teddy Ng (CEA Reg No: R006630G)
9030 4603
teddy.ng@sg.knightfrank.com
JULY 2018 - OCTOBER 2018 • 43You can also read
