SINGAPORE VIEW MAR - JUN 2019 - A COLLECTION OF THE FINEST PROPERTIES & DEVELOPMENTS - Knight Frank
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SINGAPORE
VIEW
A COLLECTION OF THE FINEST
PROPERTIES & DEVELOPMENTS
MAR - J U N 2 0 1 9
MARCH 2019 - JUNE 2019 • 1
Contents
05 24
WELCOME
06
MARKET RESEARCH
10
ADVISORY SERVICES
12
AUCTION & SALES
27 20
INDUSTRIAL
23
INVESTMENT &
CAPITAL MARKETS
31
OFFICE
ADVISORY
32
PROPERTY ASSET
MANAGEMENT
SINGAPORE VIEW • 2
39
45 34
RESIDENTIAL
LOCAL DEVELOPMENTS
42
RESIDENTIAL
INTERNATIONAL
DEVELOPMENTS
63
49
RESIDENTIAL
PRIME SALES
64
RETAIL
MARCH 2019 - JUNE 2019 • 3
SINGAPORE VIEW
MAR - JUN 2019 EDITOR Liew Lixia
RESEARCH CONTENT Lee Nai Jia
COVER IMAGE Fourth Avenue Residences MARKETING Phyllis Goh
READ MORE ON PAGE 38 DESIGNER Regina Ang
SINGAPORE VIEW • 4
Welcome
The economic environment today is ever more operation and Development, Southeast Asia is
uncertain, as geopolitical tensions continue expected to continue to grow by 5.2% from 2019
to mount unabated. According to the World to 2023, faster than the 4.8% posted from 2012 to
Economic Forum’s Global Risk Report 2019, 2016. The growth of emerging economies such as
rising geopolitical tensions were identified as Vietnam and Indonesia will be driven by its growing
the most urgent risk anticipated by business middle class, and e-commerce in the region is
leaders, politicians and academics in the year expected to further expand as well.
ahead. Building on the openness and strength
of the Singapore economy, the government has Tensions on trade between US and China have
continued to forge new trade agreements with also led firms to reconfigure their supply chains
major economies, strengthening existing pacts, to and relocate production facilities from China to
attract direct investments and provide businesses Southeast Asia, with Vietnam emerging as a top
more opportunities for international expansion. destination. Over the long term, such relocations
This includes an upgrade to the China-Singapore are also likely to yield positive spill overs to
Free Trade Agreement, which will be ratified later Singapore.
in 2019.
With the growth of the Southeast Asian economy,
According to the Singapore Business Federation’s greater demand will be created for technological
National Business Survey 2018/2019, 7 in 10 solutions. More companies in the Information
Singaporean businesses carry out outbound Technology sector are setting up their regional
activities in at least one country other than their headquarters in Singapore, rendering Singapore
home nation. Even as companies increasingly with a deeply skilled labour pool and well-
embrace innovation and seek collaboration to tap established infrastructure.
on and expand their arena of knowledge in this
domain, more cross-country partnerships can be Looking ahead, there is still much optimism for
expected to form in time to come. Singapore’s real estate market, with the office and
hospitality markets expected to perform well in
Despite tides of external uncertainties, there is 2019. The retail sector is also expected to receive a
still much growth potential in Southeast Asia. boost in the future, as plans to revamp the Orchard
According to the Organisation for Economic Co- Road precinct get kickstarted.
Danny Yeo
Chairman & Group Managing Director
Knight Frank Singapore
MARCH 2019 - JUNE 2019 • 5
Market Research Synopsis
Residential
“
Prices of private residential properties increased by 7.9%
year-on-year (y-o-y) in 2018 according to URA All Private
Residential Property Price Index. However, the prices
showed signs of cooling, decreasing by 0.1% q-o-q in Q4
2018. Slower sales due to the latest cooling measures The decline in sales will likely
exerted downward pressure on prices of older properties persist in 2019, although buyers
with expiring leases.
may progressively return to the
With buyers increasingly discerning and cautious, market for choice properties.
sales volume fell especially in H2 2018 as the price gap
between buyers and sellers widened. Non-Landed
Residential Property sales volume (excluding Executive
Condominiums) in Q4 2018 marked a decline of 34.9%
q-o-q, or 43.4% y-o-y. The decline in sales will likely persist
in 2019, although buyers may progressively return to the OUTLOOK FOR PRIVATE HOME PRICES
market for choice properties.
Source: URA, Knight Frank Research
The decline in private residential sales post-cooling ACTUAL PROJECTED
MARKET
measures has dragged overall transaction volume in 2018 SEGMENT (AS AT Q4 2018)
to 23,211 units, fewer than the 28,385 units in 2017. With
the en-bloc market cooling off and the heightened caution Q-O-Q Y-O-Y BY END 2019
CHANGE CHANGE (Y-O-Y CHANGE)
in the market, the price gap between buyers and sellers
widened. Most of the buyers who entered the market
were purchasing homes for owner-occupation, and the ISLAND-WIDE -0.1% 7.9% -1.0% TO 3.0%
investors were mainly sitting on the side lines.
NON-LANDED
CCR -1.0% 6.7% -1.0% TO 1.0%
Prices for private residential homes are expected to
remain stable in 2019, although the price movement
NON-LANDED 1.8% 7.4% -1.0% TO 4.0%
within market segments is likely to vary. Prices of older RCR
homes with expiring leases could come under pressure,
as buyers were drawn to the new launch projects. The key NON-LANDED 9.4%
OCR 0.7% -1.0% TO 3.0%
downside risks in 2019 will be the uncertain economic
outlook, interest rate hikes, and geopolitical tension. LANDED
-2.0% 6.3% -1.0% TO 1.0%
Notwithstanding these factors, these systematic risks are HOMES
likely to impact across all asset classes and the general
economy. Private residential properties in Singapore may
still appeal to investors and buyers for wealth preservation.
TOTAL SUPPLY OF PRIVATE HOMES, TOTAL SALES, AND URA PRIVATE RESIDENTIAL PROPERTY PRICE INDEX
Source: URA, REALIS, Knight Frank Research Note: Transaction volume based on caveats lodged as at 3 Feb
PRIVATE RESIDENTIAL & EC LAUNCHED BUT UNSOLD PLANNED & UNDER CONSTRUCTION WITHOUT PRE-REQ BUT UNLAUNCHED
PLANNED & UNDER CONSTRUCTION WITHOUT PRE-REQ TRANSACTION VOLUME
PROPERTY PRICE INDEX OF RESIDENTIAL PROPERTIES
60,000 160
Number of Units Transacted
155
50,000
URA Price Index
150
40,000
145
30,000
140
20,000 135
10,000 130
125
0
Q1 2013
Q2 2013
Q3 2013
Q4 2013
Q1 2014
Q2 2014
Q3 2014
Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
Q4 2016
Q1 2017
Q2 2017
Q3 2017
Q4 2017
Q1 2018
Q2 2018
Q3 2018
Q4 2018
SINGAPORE VIEW • 6
Retail
In 2018, landlords and retailers were exploring new
concepts to improve shoppers’ experience amid
headwinds in the market. To create personalised
shopping experiences for the shoppers, more
malls introduced experiential spaces and offered
lifestyle concepts and amenities within the mall to
increase footfall. Likewise, retailers collaborated with
technology companies to better understand their
consumers through data analytics, thereby offering
enhanced shopping environments and experiences.
Despite such efforts, falling tourism spending
and subdued Singapore consumer confidence,
together with higher labour costs, capped any
improvement in rents in Q4 2018. Based on Nielson’s
Singapore Consumer Confidence Index released in
December 2018, consumer confidence remained
in the pessimistic territory. Given the challenging
retail landscape, intensified regional and global
competition, and from online retailers coming offline,
Knight Frank projects that average rents in the Central
Region will decrease up to 3.0% in 2019.
UPCOMING RETAIL SUPPLY FROM MAJOR DEVELOPMENTS IN KEY PRECINCTS (2019 – 2023)
Source: URA, Knight Frank Research
FRINGE AREA DOWNTOWN CORE ORCHARD REST OF CENTRAL AREA SUBURBAN
2019
2020
2021
2022
2023
NETT LETTABLE RETAIL SPACE (’000 SQ FT)
0 200 400 600 800 1000 1200 1400
AVERAGE GROSS RENTS OF PRIME RETAIL SPACES*, Q4 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$28.40
Q-O-Q CHANGE NO CHANGE NO CHANGE NO CHANGE NO CHANGE 0.5%
Y-O-Y CHANGE 0.5% 2.1% 0.5% 3.5% 0.8%
MARCH 2019 - JUNE 2019 • 7
MARKET RESEARCH SYNOPSIS
Office
Prime Grade office rents in Raffles Place/Marina Bay precinct cybersecurity for corporations and institutions, following
rose by 22.2% in 2018 to $10.95 per sq ft per month, after going several high-profile leaks of personal data. There will also be
up by 3.3% quarter-on-quarter (q-o-q) in Q4. The increase in funding for financial companies to develop cybersecurity as
rents was supported by limited supply of Grade A+ and Grade the Monetary Authority of Singapore launched a S$30 million
A offices in the CBD and demand of some 999,000 sq ft by Cybersecurity Capabilities Grant to raise the cybersecurity
Co-working, Banking, Finance and Insurance sectors. The high level of the financial sector. A road map to identify and deal with
occupancy of Grade A+ and Grade A office space in the Raffles “next-generation cyberthreats” in the Telecommunications
Place/ Marina Bay precinct resulted in increased demand for sector over the next 5 years will also start in 2019, and likely
Grade A office space in the Shenton Way/ Robinson Road/ drive growth.
Tanjong Pagar precinct, driving rents up by 4.5% q-o-q. Rents
in the City Fringe and Suburban precincts stayed stable, Prime office rents in the CBD are expected to go up in 2019
resulting in a widening rental gap with prime office space. by 8% to 10%, barring any economic headwinds. The growth
The widening gap makes decentralisation more appealing to will be supported by the expansion of the Information &
companies of significant size and having functions that can be Communications and Business Services sectors. The ease
decoupled. Co-working space operators have been actively of doing business in Singapore with its deep pool of skilled
taking up space in 2018, with more new entrants in Q4 such as workers will continue to attract companies to locate and grow
Hong Kong based co-working operator Campfire Collaborative here. While companies are increasingly adopting activity-based
Spaces, leasing 85,000 sq ft over 16 floors at 139 Cecil Street, workplace concepts to enhance collaboration and space
to become their largest site globally. efficiencies, many are not squeezing headcount drastically
into reduced space, in view of overall staff well-being and
The Information & Communications sector is expected productivity output derived from conducive workplace.
to expand amongst other areas, in the area of advanced
AVERAGE OFFICE RENTALS, BY KEY PRECINCTS IN Q4 2018
Source: Knight Frank Office Advisory
• 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
1
The sharp increase in average office rents in Paya Lebar was due to the inclusion of Paya Lebar Quarters in our basket.
LOCATION Gross Effective q-o-q Vacancy of Percentage
Monthly Rents change Office Space (%) Points
($ psf pm)
RAFFLES PLACE/ $11.60 - $12.10 2.5% 1.9% -3.3pp
MARINA BAY GRADE A+
RAFFLES PLACE/ $9.80 - $10.30 2.1% 1.4% -0.2pp
MARINA BAY GRADE A
SHENTON WAY/ $9.20 - $9.70 4.5% 0.7% 0.2pp
ROBINSON ROAD/
TANJONG PAGAR GRADE A
$9.20 - $9.70 2.2% 1.8% -0.1pp
MARINA GRADE A
$8.40 - $8.90 0.2% 0.8% -2.4pp
ORCHARD GRADE A
BEACH ROAD / $8.80 - $9.30 1.9% 1.8% 0.3pp
MIDDLE ROAD GRADE A
CITY FRINGE WEST - $6.30 - $6.80 0.3% 3.9%
ALEXANDRA / HARBOUFRONT
CITY FRINGE NORTH - $6.50 - $7.00 0.0% 2.4%
NOVENA / NEWTON
CITY FRINGE EAST - $6.10 - $6.60 28.0%1 6.5%
PAYA LEBAR
$4.40 - $4.90 - 2.2%
SUBURBAN EAST
$5.10 - $5.60 0.6% -
SUBURBAN WEST
SINGAPORE VIEW • 8
UPCOMING OFFICE SUPPLY (‘000 SQ FT GROSS), AS AT Q4 2018
“
Source: URA, Knight Frank Research
2019 2020 2021 2022 BEYOND
Due to the lack 2022
MARINA BAY / RAFFLES PLACE 179 757 1,495
of supply, rents
are expected to SHENTON WAY/ ROBINSON ROAD /
TANJONG PAGAR
184 788 151 437
continue increasing MARINA
in 2019 barring
696
any economic BEACH ROAD / MIDDLE ROAD
headwinds that ORCHARD 443
would mute the
3 130
demand for space. FRINGE (EAST)
FRINGE (WEST) 139 312
SUBURBAN 571 145 15 785
Industrial
The Singapore economy grew by 2.2% y-o-y in Q4 2018, according to advance estimated from Ministry of Trade and Industry.
The Gross Domestic Product (GDP) of manufacturing sector grew by 5.5 per cent on a y-o-y basis, faster than the 3.7 per cent
growth in Q3. Growth of manufacturing sector was largely attributed to the expansions in the biomedical manufacturing and
electronic clusters, which more than offset the output in the precision decline in the precision engineering cluster.
Average rents for island-wide industrial space stayed unchanged y-o-y at S$2.00 per square foot per month (psf pm) in Q4 2018,
based on Knight Frank basket of industrial properties. The number of rental transactions of industrial space excluding business
parks in 2018 went up to 10,467 transactions, more than 9,167 transactions in 2017. The value of rental transactions also went up
to S$74.8 million in 2018 from S$57.1 million in 2017.
Moving forward, rents are likely to remain stable in 2019. While demand is likely to be under pressure due to uncertain external
environment, the pipeline supply is moderated.
AVERAGE MONTHLY GROSS RENTALS FOR CONVENTIONAL INDUSTRIAL SPACE, BY KEY CLUSTERS
Source: Knight Frank Research
* Range of rentals are estimated based on the average of minimum and maximum transacted rentals derived * Only rents of units on upper floors are included
MONTHLY GROSS RENTALS
INDUSTRIAL CLUSTER (UPPER-FLOOR, S$ PER SQ FT) Q-O-Q Y-O-Y
CHANGE CHANGE
Q3 2018 Q4 2018
Kaki Bukit – Ubi – Paya Lebar – Eunos $2.10 $2.10 No change -3.7%
Macpherson – Tai Seng – Defu $1.60 $1.60 No change 4.3%
Kallang – Geylang – Bendemeer $3.20 $3.20 No change 5.8%
Bukit Merah – Alexandra – Jalan Kilang – Pasir Panjang $2.70 $2.70 No change -3.3%
Serangoon – Ang Mo Kio – Lorong Chuan – Toa Payoh – Pemimpin $1.80 $1.80 No change -0.8%
Clementi – Toh Tuck – Bukit Batok $1.60 $1.60 No change 12.5%
Pioneer – Tuas $1.60 $1.65 3.1% 1.7%
Woodlands – Sembawang – Admiralty – Yishun $1.40 $1.40 No change 7.7%
Average $2.00 $2.00 No change No change
Business Park Space (Island-wide) $4.30 $4.30 No change 3.9%
MARCH 2019 - JUNE 2019 • 9
Advisory Services
Consultancy
Tapping the rich expertise and varied experience of our multiple FOR MORE INFORMATION, PLEASE CONTACT:
service lines, Knight Frank Consultancy is a leader in delivering
innovative solutions to individuals, private corporations and public Tay Kah Poh
sector agencies facing issues in land and property matters. Executive Director & Head,
Consultancy
Over the past five years, we have led numerous studies and advisory
6228 6833 • kahpoh.tay@sg.knightfrank.com
assignments covering diverse areas such as market forecasts, highest
and best use analysis, project feasibility, consumer research, master
planning, product design, financial modelling, investment consulting,
and asset allocation.
Our consulting professionals bring rigour, attention to detail, broad
understanding of commercial realities, deep market insights and
creativity to clients’ requirements.
Research
Knight Frank’s research covers the breadth and depth of the real FOR MORE INFORMATION, PLEASE CONTACT:
estate sector and is backed by a team of research professionals that
navigate complex planning and development issues and requirements, Lee Nai Jia
identifying potential risks before they arise and proposing optimal and Senior Director & Head,
relevant strategies for your assets.
Research
6228 6878 • naijia.lee@sg.knightfrank.com
We are committed to providing quality market intelligence that matter
to the industry through regular research bulletins, commentaries,
media columns, property supplements and knowledge sharing at
public seminars and exclusive events.
SINGAPORE VIEW • 10Valuation & Advisory
With a track record of more than 79 years in Singapore, Knight Frank’s FOR MORE INFORMATION, PLEASE CONTACT:
Valuation & Advisory team grows from strength to strength. We are
proud to have served many clients who have placed their trust in our Low Kin Hon
competence, integrity and professionalism by staying with us year Deputy Group Managing Director & Head,
after year. Our experienced, well-respected and dedicated Valuation
Valuation & Advisory
& Advisory team regularly appraises properties for mortgage, sale or
6228 6860 • kinhon.low@sg.knightfrank.com
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. Png Poh Soon
Senior Director,
Recently, Knight Frank has been appointed for the following valuations: Valuation & Advisory
6228 7393 • pohsoon.png@sg.knightfrank.com
Mapletree Industrial Trust – Portfolio valuation comprising
three business parks buildings, 72 flatted factories and hi-
tech buildings, one stack-up/ramp-up buildings and four light
industrial buildings.
Mapletree Commercial Trust – Portfolio valuation of
Mapletree Business City 1, a large-scale integrated business
hub and three other commercial buildings.
Ascendas Real Estate Investment Trust – Portfolio
valuation of six logistics buildings and 14 business parks
properties located in Changi Business Park and International
Business Park.
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.
MARCH 2019 - JUNE 2019 • 11Auction & Sales
2A FABER PARK / D05
FOR SALE
GUIDE PRICE
SGD 6.8 M Faber Park
2-STOREY DETACHED HOUSE WITH
BASEMENT, ROOF TERRACE, SWIMMING
POOL & LIFT
The subject property is located at the eastern junction
of Faber Drive and Faber Park, off Jalan Lempeng
and approximately 13.5 km from the city centre.
• Tenure : Freehold
• Land Area : Approx. 558.5 sq m / 6,012 sq ft
• Floor Area : Approx. 1,008 sq m / 10,853 sq ft
• 2014 Masterplan Zoning: Residential
• T.O.P : 2015
• 5+1 good sized bedrooms, naturally well-lit
• A short drive to Clementi MRT station & bus
interchange
• 0.34 km to Nan Hua Primary School
• Ample parking space
• Modern style home with good-sized
swimming pool
Tricia Tan (CEA Reg No: R021904I)
9387 9668 • 6228 7349
tricia.tan@sg.knightfrank.com
BELMONT ROAD / D10
FOR SALE
GUIDE PRICE
PRICE ON APPLICATION Belmont Road
2-STOREY GOOD CLASS BUNGALOW WITH
BASEMENT AND SWIMMING POOL
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. 1,516.8 sq m / 16,327 sq ft
• Floor Area : Approx. 1,068.6 sq m / 11,502 sq ft
• 4 Bedrooms
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • 6228 7326
teddy.ng@sg.knightfrank.com
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
SINGAPORE VIEW • 12Jalan Pergam GUIDE PRICE
SGD 3.96 M
JALAN PERGAM / D16
FOR SALE
2.5-STOREY SEMI-DETACHED HOUSE
The subject property is well-designed with a
functional layout and high quality finishings. Each
room also comes with a shaded veranda that allows
one to lounge around despite rainy weather. It is
located within proximity to NTUC Fairprice, Changi
City Point, Bedok Shopping Complex and Upper
Changi MRT. Nearby schools include the Singapore
University of Technology & Design, Chang Kat Changi
Secondary School, Chang Kat Primary School, and
Angsana Primary School.
• Tenure : 99-year Leasehold (wef 1/1/1965)
• Land Area: Approx. 366.4 sqm / 3,944 sq ft
• Floor Area: Approx. 548.2 sqm / 5,901 sq ft
• Highest built house along Jalan Pergam
• Unblocked views
• Huge bedrooms
• Regular shape land with wide frontage
• Includes Koi pond
• 2-minute walk to Upper Changi MRT station
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331
gwen.lim@sg.knightfrank.com
Pasir Ris Heights GUIDE PRICE
SGD 836 PSF
PASIR RIS HEIGHTS / D18
FOR SALE
3-STOREY CORNER TERRACE HOUSE
WITH GARDEN
The subject property is located within 1 km to Elias
Park Primary School, Park View Primary School and
Overseas Family School. It is also within walking
distance to Elias Mall where amenities are readily
available.
• Tenure : 999-year Leasehold (wef 1874)
• Land Area: Approx. 533 sq m / 5,737 sq ft
• Floor Area: Approx. 232.25 sq m / 2,500 sq ft
• 2014 Master Plan zoning: 3-Storey Mixed Landed
• 4 good-sized bedrooms
• Sits on elevated ground with good sea and green
views
• Bright and windy space in quiet, serene area
• Short walk to seaside at Pasir Ris Beach Park
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331
gwen.lim@sg.knightfrank.com
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • 6228 7326
teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 13AUCTION & SALES
JALAN ARIF / D19
FOR SALE
GUIDE PRICE
SGD 860 PSF Jalan Arif
(Off Poh Huat Road)
LAND WITH A 2-STOREY SEMI-DETACHED
HOUSE
The subject land is rectangular in shape with a
frontage of about 12 metres. The subject property is
located on the southern side of Jalan Arif, off Yio Chu
Kang Road and Hougang Avenue 2. The immediate
locality is mainly residential in nature. Accessibility to
other parts of Singapore is enhanced by its proximity
to the CTE and TPE.
• Tenure : 999-year Leasehold (wef 27/12/1875)
• Land Area : Approx. 517.8 sq m / 5,573.5 sq ft
• 4 good-sized bedrooms with helper’s room
• Can be rebuilt into a detached house
• Frontage or approx. 12 m
• Walking distance to Kovan MRT station
• 2012 Master Plan Zoning:
“Residential” with plot ratio 1.4
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
TANGLIN VIEW / D03
FOR SALE
GUIDE PRICE
PRICE ON APPLICATION Tanglin View
RARE SINGLE-LEVEL 4-BEDROOM
APARTMENT
The subject property is located within minutes to
the Orchard Road shopping belt, Raffles Place and
Redhill MRT station.
Prestigious schools nearby include Crescent Girls’
School and Gan Eng Seng School.
• Tenure : 99-year Leasehold (wef 1997)
• Floor Area : Approx. 216 sq m / 2,325 sq ft
• Renovated, move-in condition
• Panoramic unblocked greene views overlooking
the GCB area
• High-floor, a level below the penthouse
• Full Miele modern gourmet kitchen
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331
gwen.lim@sg.knightfrank.com
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • 6228 7326
teddy.ng@sg.knightfrank.com
SINGAPORE VIEW • 14Reflections @ GUIDE PRICE
SGD 4.18 M
33 KEPPEL BAY VIEW / D04
FOR SALE
Keppel Bay
4-BEDROOM APARTMENT
Reflections @ Keppel Bay is a 1,129-unit condominium
development with communal facilities such as sky
bridges, mini-mart and water features.
• Tenure : 99-year Leasehold (wef 2006)
• Floor Area : Approx. 233 sq m / 2,507 sq ft
• Waterfront living with 360 degree panoramic
views of marina, sea, city & Mount Faber
• Vacant possession on as-is-where-is basis
• Daily shuttle bus service available to Telok
Blangah MRT & Harbourfront Centre
• Close proximity to Vivocity and Harbourfront
MRT station
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331
gwen.lim@sg.knightfrank.com
The Lumos GUIDE PRICE
SGD 3.6 M
9 LEONIE HILL / D09
FOR SALE
3-BEDROOM APARTMENT
View from Unit
The Lumos is easily accessible via Orchard MRT
station and is walking distance to many shopping
malls along the Orchard Road shopping belt such as
Takashimaya Shopping Centre, Ngee Ann City, and
Wisma Atria. Schools situated nearby include River
Valley Primary School, Alexandra Primary School,
Anglo-Chinese School (Junior) and ISS International
School.
• Tenure : Freehold
• Floor Area : Approx. 163 sq m / 1,755 sq ft
• With Gaggenau kitchen appliances and private lift
• North East facing, with views of Orchard
• Well maintained; in move-in-condition
• Bright and cozy
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331
gwen.lim@sg.knightfrank.com
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • 6228 7326
teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 15AUCTION & SALES
172 SIXTH AVENUE / D10 GUIDE PRICE
The Sixth Avenue
FOR SALE SGD 2.35 M Residences
3-BEDROOM APARTMENT
The Sixth Avenue Residences is a condominium
development which comprises seven 5-storey
blocks, accommodating a total of 175 units.
Recreational facilities provided within the
development include lap pools, a children’s pool,
bubble pools, clubhouse with gymnasium and
function room, tennis court, BBQ area with trellises,
children’s play area, fitness corner and jogging track.
• Tenure : Freehold
• Floor Area : Approx. 126 sq m / 1,356 sq ft
• T.O.P : 2009
• Pool view
• Spacious bedrooms
• Brisk walk to Sixth Avenue MRT station
• Close to Holland Village
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
36 FLORA DRIVE / D17
FOR SALE
GUIDE PRICE
FROM SGD 2.6 M Palm Isles
3-STOREY CLUSTER HOUSE
The subject property comprises a total of 429 units,
with condominium facilities. It is located close to
Tampines Mall, Loyang Point, Singapore Expo,
Changi Business Park, Changi Airport and Tampines
IKEA. Vehicle owners can take the PIE, ECP and TPE
to get to the business hub or shopping district in the
city.
• Tenure : 99-year Leasehold (wef 2011)
• Floor Area : Approx. 353 sq ft / 3,800 sq ft
• 5+1 bedrooms
• 2 carpark lots in front of the house
• Near an international school
• Tenanted at $7,800 per month
• Foreigners are eligible
Tricia Tan (CEA Reg No: R021904I)
9387 9668 • 6228 7349
tricia.tan@sg.knightfrank.com
SINGAPORE VIEW • 16Mosque Street GUIDE PRICE MOSQUE STREET / D01
A PAIR OF 3-STOREY RESTORED SGD 28 M FOR SALE
SHOPHOUSES WITH MEZZANINE LEVELS
Located the buzzing yet historic Chinatown district,
the vicinity consists of many heritage shophouses,
boutique hotels, offices and retail shops. There is also
a vibrant trade mix of design studios, an arts studio,
beauty salons, spa, traditional medical hall, stylish
restaurants, bars and cafes. Notable developments
nearby include People’s Park Centre, People’s Park
Complex, Chinatown Point, Hong Lim Complex and
Yue Hwa Building.
• Tenure : Freehold
• Land Area : Approx. 249.7 sq m / 2,688 sq ft
• Floor Area: Approx. 724.6 sqm / 7,800 sq ft
• Masterplan Zoning: “Commercial” under the
Chinatown Historic District (Kreta Ayer)
Conservation Area
• Approved for use as restaurant and showroom
• Ground floor is tenanted for use as bath ware
showroom and restaurant-cum-bar; upper floors
are tenanted to offices
• Tenanted for approx. $41,000/- expiring around
mid 2019
Lock Sau Lai (CEA Reg No: R002919C)
9181 1819 • 6228 6814
saulai.lock@sg.knightfrank.com
Beach Road GUIDE PRICE
SGD 4.6 M
351 BEACH ROAD / D07
FOR SALE
2-STOREY F&B SHOPHOUSE
Located along the popular food street, the
shophouse is in a vibrant vicinity consisting of notable
developments such as the new Concourse Skyline,
City Gates, Hotel Parkroyal, Hotel Clover, Golden Mile
Complex, Golden Mile Food Centre and The Plaza.
Located within the Bugis / Ophir-Rochor Corridor,
URA plans to rejuvenate the area to into the next
CBD. It is a short walk to both Nicoll Highway and
Bugis MRT stations and near the popular tourist area,
Kampong Glam Heritage District.
• Tenure : 99-year Leasehold (wef 15 Aug 2005)
• Land Area : Approx. 129.3 sq m / 1,392 sq ft
• Master Plan Zoning 2008 - “Commercial”,
Kampong Glam Historic and Conservation Area
• Tenanted for use as restaurant and karaoke
lounge
• Permanent approval for use as restaurant
• Prominent facing along main road with heavy
traffic
Lock Sau Lai (CEA Reg No: R002919C)
9181 1819 • 6228 6814
saulai.lock@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 17AUCTION & SALES
2A VEERASAMY ROAD / D08
FOR SALE
GUIDE PRICE
SGD 6.68 M Veerasamy Road
2-STOREY PREWAR SHOPHOUSE WITH
FRONT COURTYARD
Located close to Serangoon Road near Sri
Veeramakaliamman Temple, Santa Grand Hotel,
Curry Restaurant and Maxi Cash located on the
opposite side of the road. The subject property also
has prominent frontage. The nearby well-known retail
outlets and malls such as Tekka Market, The Verge,
Little India Arcade and Gholia’s Village, Little India
Arts Belt, City Square, Mustafa Centre and Serangoon
Road provide excellent traffic flow in the area.
• Tenure : Freehold
• Land Area : Approx. 181.1 sq m / 1,950 sq ft
• Floor Area : Approx. 345 sq m / 3,713 sq ft
• 2014 Master Plan Zoning : “Commercial” within
Little India Conservation Area in Historic District
• Frontage of approx. 5.5 metres and depth of
approx. 33m
• Tenanted till July 2021
• To be sold subject to existing tenancy and on a
“as is where is basis”
Lock Sau Lai (CEA Reg No: R002919C)
9181 1819 • 6228 6814
saulai.lock@sg.knightfrank.com
80 CHANGI ROAD / D15
FOR SALE Centropod @ Changi
SHOP / OFFICE
Centropod @ Changi primarily houses retail and
office spaces. It is within walking distance to Eunos
MRT station, and located near several eateries such
as Joo Chiat Food Centre at Geylang Serai. The
property is located within reasonable distance to
NTUC Fairprice and Joo Chiat Complex for an array
of amenities such as grocery shopping, retail shops
and a bank. Accessible via Changi Road, Geylang
Road and PIE.
• Tenure : Freehold
• T.O.P : 2015
• Near escalator and elevator
• Comes with waterpoint
#01-XX (SHOP)
• Floor Area : Approx. 21 sq m / 226 sq ft
• Guide Price : SGD $6XX K
#03-XX (OFFICE)
• Floor Area : Approx. 45 sq m / 484 sq ft
• Guide Price : SGD $7XX K
Gwen Lim (CEA Reg No: R027862B)
9199 2377 • 6228 7331
gwen.lim@sg.knightfrank.com
SINGAPORE VIEW • 18The Grange GUIDE PRICE
SGD 5.8 M
3 GRANGE GARDEN / D10
FOR SALE
4-BEDROOM APARTMENT
The subject property is located within minutes’ drive
from the popular Orchard Road shopping belt and
Orchard MRT station. Orchard Boulevard MRT station
(TE13), which is under currently under construction,
will be within walking distance from the subject
development.
It is also located within walking distance to Singapore
Botanic Garden, Forum The Shopping Mall, Tanglin
Shopping Centre, Tanglin Mall, Tanglin Market Place,
Cold Storage Specialty and Jasons-The Gourmet
Grocer.
• Tenure : Freehold
• Floor Area : Approx. 213 sq m / 2,293 sq ft
• TOP : 2008
• Mid-floor unit
• Vacant possession
• Includes condominium facilities
Noelle Tan (CEA Reg No: R047713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
Seletar Aerospace
View GUIDE PRICE
SGD 16 M
6X / 8X SELETAR AEROSPACE VIEW
D28 FOR SALE
B2 FACTORY
The property is located along Seletar Aerospace
View, off Seletar Aerospace Drive and within the
Seletar Aerospace Park. Primarily industrial in
nature, it comprises of a JTC specialized industrial
park, aircraft hangars and colonial bungalows.
Public transport facilities are available along Seletar
Aerospace Drive, and is easily accessible to the TPE
(SLE).
• 2014 Masterplan Zoning : Business 2 with
maximum permissible plot ratio of 1.0
6X SELETAR AEROSPACE VIEW
• Tenure : 29-year Leasehold (wef 01 Dec 2011)
• Floor Area : Approx. 1,674 sq m / 18,019 sq ft
• Comprises a single-storey hangar with a
2-storey training facilities & roof terrace
8X SELETAR AEROSPACE VIEW
• Tenure : 30-year Leasehold (wef 01 Dec 2010)
• Floor Area : Approx. 6,029 sq m / 64,896 sq ft
• Comprises a 2-storey hangar with ancillary
offices and roof terrace
Tricia Tan (CEA Reg No: R021904I)
9387 9668 • 6228 7349
tricia.tan@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 19Industrial
6 Tuas Link 1 6 TUAS LINK 1, D22
FOR SALE
A JTC STANDARD SINGLE-STOREY DETACHED • Tenure : JTC Leasehold 30 years
FACTORY WITH MEZZANINE LEVEL (wef Sep 2004)
• Land Area : 44,457 sq ft
The subject property is easily accessible via Pioneer Road and • Floor Area : Approx. 31,118 sq ft
the Ayer Rajah Expressway (AYE) to other parts of Singapore, • 2014 Master Plan Zoning :
and is only 4 minutes’ drive to Tuas Checkpoint. It within B2 with Plot Ratio 1.4
convenient walking distance to Tuas West Road and Tuas • Spacious backyard
Link MRT Stations. Public transport to Joo Koon and Boon • Close proximity to MRT station and food centre
Lay Interchange is also readily available nearby. The property
is situated among buildings involved in the engineering,
manufacturing, chemicals and marine industries. It is also well Alvin Teng (CEA Reg No: R002950I)
served by Pioneer Food Village, which is less than 5 minutes’ 9380 8662 • 6228 6893
walk away. alvin.teng@sg.knightfrank.com
SINGAPORE VIEW • 2034 Benoi Road 34 BENOI ROAD, D22
FOR SALE
A JTC SINGLE-STOREY DETACHED FACTORY • Tenure : JTC Leasehold 19 years
WITH OPEN LAND (wef Nov 2011)
• Land Area : Approx. 109,063 sq ft
• Gross Floor Area : Approx. 37,297 sq ft
• 2014 Master Plan Zoning :
B2 with Plot Ratio 1.4
The subject property is situated along the junction of Benoi
Road and Pioneer Road, and is easily accessible via major
expressways such as the Ayer Rajah Expressway (AYE) and
Pan-Island Expressway (PIE). The subject property is also Ng Ee Kiat (CEA Reg No: R002972Z)
within an established industrial area, and is approximately 5 9825 0900 • 6228 7334
minutes’ drive to Gul Circle MRT station. eekiat.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 21Century
Warehouse
PASIR PANJANG ROAD,
D05
SOLD
FREEHOLD B1 INDUSTRIAL Knight Frank’s Industrial and Investment & Capital Markets teams are pleased to
DEVELOPMENT announce the successful sale of Century Warehouse for SGD 48.5 million to a private
investment company.
Century Warehouse is an 8-storey freehold industrial warehouse with basement
carpark, comprising 35 strata units. It is nestled within an exclusive industrial enclave,
surrounded by other industrial developments such as Interlocal Centre and OC @
Pasir Panjang, and is within walking distance to both the Pasir Panjang and Labrador
Ian Loh (CEA Reg No: R027865G) Park MRT stations and enjoys easy access to major arterial roads and expressways
8838 3288 • 6228 6823 such as the West Coast Highway and Ayer Rajah Expressway.
ian.loh@sg.knightfrank.com
Tan Boon Leong (CEA Reg No: R002918E) • Tenure : Freehold
9871 0009 • 6228 6894 • Site Area : Approx. 2,824 sq m / 30,402 sq ft
boonleong.tan@sg.knightfrank.com • 2014 Master Plan Zoning : Industrial (B1), with Gross Plot Ratio of 2.5
SINGAPORE VIEW • 22Investment & Capital Markets
Normanton Park
Dunearn Gardens Kemaman Point
Collective Sales KNIGHT FRANK HAS SOLD 9 COLLECTIVE SALE SITES
FOR OVER SGD 3 BILLION FROM 2017 TO 2019.
ONE TREE HILL GARDENS RIO CASA NORMANTON PARK
• Site Area: 39,063 sq ft • Site Area: 396,231 sq ft • Site Area: 660,999 sq ft
• Sale Price: SGD 65 mil • Sale Price: SGD 575 mil • Sale Price: SGD 830.1 mil
• Purchaser: • Purchaser: • Purchaser: Kingsford Huray
Lum Chang Auriga Pte Ltd Oxley – Lian Beng Venture Pte Ltd Development Pte Ltd
DUNEARN COURT MAYFAIR GARDENS GOODLUCK GARDEN
• Site Area: 19,203 sq ft • Site Area: 208,475 sq ft • Site Area: 360,130 sq ft
• Sale Price: SGD 36.3 mil • Sale Price: SGD 311 mil • Sale Price: SGD 610 mil
• Purchaser: • Purchaser: • Purchaser:
RH Central Pte Ltd Citrine Property Pte Ltd Qingjian Group of Companies
DUNEARN GARDENS KEMAMAN POINT CENTURY WAREHOUSE
• Site Area: 95,442 sq ft • Site Area: 43,825 sq ft • Site Area: 30,402 sq ft
• Sale Price: SGD 468 mil • Sale Price: SGD 143.88 mil • Sale Price: SGD 48.5 mil
• Purchaser: • Purchaser:
EL Development Pte Ltd Soilbuild Group Holdings Ltd
Ian Loh (CEA Reg No: R027865G) Lennon Koh (CEA Reg No: R022673H)
8838 3288 • 6228 6823 9748 7400 • 6228 7327
ian.loh@sg.knightfrank.com lennon.koh@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 23INVESTMENT & CAPITAL MARKETS
Beauty World Plaza COMMERCIAL AND RESIDENTIAL
REDEVELOPMENT OPPORTUNITY IN D21
UPPER BUKIT TIMAH ROAD, D21 Beauty World Plaza is a mixed-use commercial and residential
FOR SALE development comprising a single block with 61 retail units and 30
residential units, with a site area of 2,305.6 sq m (approx. 24,817
sq ft).
Beauty World MRT station, which conveniently abuts the
development, has full sheltered access to its entrance. Major
arterial roads as well as expressways such as the Pan Island
Expressway (PIE), Bukit Timah Road, Dunearn Road, Clementi Road
and Ayer Rajah Expressway (AYE) provide seamless connectivity
to other parts of Singapore. Additionally, the development is less
Marvelle Wong (CEA Reg No: R055510C) than 30 minutes’ drive to Changi Airport.
9753 5878 • 6228 7359
• Tenure : 999-year Leasehold
marvelle.wong@sg.knightfrank.com • Site Area : Approx. 2,305.6 sq m / 24,817 sq ft
• 2014 Master Plan Zoning :
Ian Loh (CEA Reg No: R027865G) Commercial & Residential, with Gross Plot Ratio of 3.0
8838 3288 • 6228 6823 • No Development Charge payable; PAFS not required
ian.loh@sg.knightfrank.com • In-principle approval for commercial & serviced apartments
SINGAPORE VIEW • 24The London Studios
LONDON SE1, UNITED KINGDOM
FOR SALE
PRIME FREEHOLD REDEVELOPMENT
OPPORTUNITY ON LONDON SOUTH BANK
The London Studios is a freehold site with spectacular mixed
use development potential. It is located in a prime position
on London South Bank, benefitting from being in close
proximity to two major Central London rail hubs: London
Blackfriars Station and Waterloo Station.
• A 2.5 acre (1.01 hectare), Central London freehold site Karen Wan (CEA Reg No: R040821F)
fronting the River Thames
9772 8042 • 6228 6809
• Existing ITV Headquarters with uninterrupted
karen.wan@sg.knightfrank.com
360-degree view
• Detailed planning permission for a 31-storey residential
tower and a separate office and studio development Ian Loh (CEA Reg No: R027865G)
• Potential to create new world-class office building, 8838 3288 • 6228 6823
subject to necessary consents ian.loh@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 25INVESTMENT & CAPITAL MARKETS
280 Elizabeth Street MAJOR REDEVELOPMENT OPPORTUNITY IN
BRISBANE GOLDEN TRIANGLE
BRISBANE, AUSTRALIA Boasting the most enviable CBD location, 280 Elizabeth Street
FOR SALE is the only major development opportunity to come to market
offering quality ‘as is’ investment fundamentals.
*In conjunction with Charter Keck Cramer A marquee site in the heart of Brisbane’s Golden Triangle, the
site is nestled between the GPO and one of the city’s flagship
intersections on Creek and Elizabeth Streets. The site’s
favourable zoning affords it ultimate development flexibility,
with its location suiting a series of potential schemes including
office, residential or hotel accommodation.
• Freehold, 100% leased to Telstra Corporation Ltd
Karen Wan (CEA Reg No: R040821F) • Site Area : Approx. 1,670 sq m
9772 8042 • 6228 6809 • Triple Net Income
karen.wan@sg.knightfrank.com • 7 years WALE
• A multitude of future uses including commercial,
residential and hotel
Ian Loh (CEA Reg No: R027865G)
8838 3288 • 6228 6823
ian.loh@sg.knightfrank.com
SINGAPORE VIEW • 26201 Charlotte Street AN A GRADE OFFICE ASSET IN THE HEART OF
THE GOLDEN TRIANGLE IN BRISBANE CBD
BRISBANE, AUSTRALIA 201 Charlotte Street is a 15-storey A-Grade office building
FOR SALE serviced by two levels of basement parking and a newly
refurbished ground floor retail court yard.
*In conjunction with CBRE The asset is positioned in the high profile location of the
‘Golden Triangle’, which inherently provides tenants with close
proximity to the CBD’s best amenities, including Eagle Street,
Brisbane GPO, Brisbane River City Cat Services, Central
Station, Eagle Street pier, and is situated approximately 250
metres east of the iconic retail and hospitality hub of the Queen
Street Mall.
Karen Wan (CEA Reg No: R040821F) • 100% Freehold
• Net Lettable Area : Approx. 13,291 sq m
9772 8042 • 6228 6809
• 5 years WALE
karen.wan@sg.knightfrank.com
• Enjoys High Occupancy
• 3.5 Stars NABERS Energy Rating
Ian Loh (CEA Reg No: R027865G)
8838 3288 • 6228 6823
ian.loh@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 27INVESTMENT & CAPITAL MARKETS
SBF Center
Medical Suites
ROBINSON ROAD, D01
FOR SALE / LEASE
RARE MEDICAL SUITES IN CBD VICINITY
SBF Center is a prime 33-storey commercial building with
three levels dedicated to medical suites. It has a dedicated
lobby and direct lift access to the medical suites on the 3rd
to 5th storeys.
• Tenure : 99-year Leasehold (wef 2011) Mary Sai (CEA Reg No: R027878I)
• Strata Area : Approx. 678 sq ft onwards 9388 7879 • 6228 6886
• Close proximity to Tanjong Pagar MRT station mary.sai@sg.knightfrank.com
James Wong (CEA Reg No: R017407Z)
9113 3113 • 6228 7345
james.wong@sg.knightfrank.com
SINGAPORE VIEW • 28Parklane
Shopping Mall
SELEGIE ROAD, D07
FOR SALE
F&B INVESTMENT OPPORTUNITY
The subject property is a strata retail unit currently
tenanted to a prominent F&B operator.
• Tenure : 99-year Leasehold (wef 1974)
• Strata Area : Approx. 2,002 sq ft
• Prominent frontage
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
Marrison Hotel
DESKER ROAD, D08
FOR SALE
FREEHOLD HOTEL OPPORTUNITY AT
LITTLE INDIA
The subject property comprises a block of 6 adjoining
2-storey refurbished conservation shophouses with
attic. It enjoys dual frontages to Desker Road and
Kampong Kapor Road.
• Tenure : Freehold
• Land Area : 6,663 sq ft
• Gross Floor Area : Approx. 12,270 sq ft
• Ground floor occupied as F&B outlets and retail
shops
• Upper floor occupied as boutique hotel with 25
rooms
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
MARCH 2019 - JUNE 2019 • 29INVESTMENT & CAPITAL MARKETS
Jalan Bukit Merah
JALAN BUKIT MERAH, D03
FOR SALE
HDB SHOPS INVESTMENT OPPORTUNITY
The subject property comprises 2 adjoining HDB
shops with living quarters located along Jalan Bukit
Merah and Kim Tian Road.
• Tenure : 81-year Leasehold (wef 1994)
• Floor Area : Approx. 3,014 sq ft
• Ample car park lots available and faces road
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
Telok Blangah Drive
TELOK BLANGAH DRIVE, D04
FOR SALE
HDB SHOPS INVESTMENT OPPORTUNITY
The subject property comprises 2 adjoining HDB
shops with living quarters located along Telok
Blangah Drive and Telok Blangah Street.
• Tenure : 82-year Leasehold (wef 1995)
• Floor Area : Approx. 3,229 sq ft
• Ample car park lots available
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
SINGAPORE VIEW • 30Office Advisory
FOR MORE INFORMATION,
PLEASE CONTACT:
Calvin Yeo
Executive Director & Head, Office Advisory
6228 6887 • calvin.yeo@sg.knightfrank.com
Navigating Reaching an Matching the
tomorrow’s workplace informed decision right spaces
In an age of disruption, the office space As organisations respond to nurturing For the office space owner, rent will not
leasing decision has become ever- collaborative and innovative outcomes be considered in isolation by occupiers
more complex and business critical at work, a typography of workplace such that overall workplace outcomes
for occupiers. For office space owners, settings is essential in embodying this are compromised.
understanding the new dynamics of transformation.
demand for office space has never Apart from efficient floor plates and
been more important. Increasing At Knight Frank, we bring a holistic a conducive workplace environment,
workforce mobility due to technology process in bridging the gaps between having complementary communal
has conversely made people the workplace of today and tomorrow amenities and scalability within
interaction at the workplace even more balancing costs against needs that a building is key to occupiers in
critical to business outcomes. support and influences a range of navigating tomorrow’s workplace.
wider strategic considerations such
At Knight Frank, we bring occupiers as, productivity, brand promotion, the At Knight Frank, we understand
professional advice beyond leasing attraction and retention of talent. The occupiers and matching the demand
office space as it is the only physical office space decision is increasingly for office space perfectly.
component capable of nurturing one of strategic importance and more
organisational collaboration and about people than brick and mortar in
innovation necessary for competing nurturing successful workplace and
in an age of unprecedented business business outcomes.
change and disruption.
MARCH 2019 - JUNE 2019 • 31Property Asset Management Asset Management Our Asset Management team manages more than 8 million square feet of space spanning 19 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 Sembawang 66 Monk Hill Shopping Centre NTUC Income Properties Hillion Mall Income @ Tampines SINGAPORE VIEW • 32
FOR MORE INFORMATION ON ASSET AND STRATA MANAGEMENT,
PLEASE CONTACT:
6848 5678 • enquiries@kfpam.com.sg
Strata Management
The Strata Management team has been in operation for over 19 years, gaining vast knowledge and
experience in the property management industry. We manage a wide-ranging portfolio of estates sized
from 10 to 1,300 units.
Our promise is to provide clients with bespoke, creative solutions that will enhance and protect their
property investments, reducing operating costs, minimising risks and ensuring optimal occupier retention.
Thomson Impressions Sol Acres
Temporary Occupancy Permit (TOP) Project Executive Condominium (EC) in District 23
Nassim Park Residences Marina One Residences
High-End Condominium in District 9 Mixed Development Project
MARCH 2019 - JUNE 2019 • 33Residential
Local Developments
Artist's Impression
Marina One
Residences
21 & 23 MARINA WAY, D01
FOR SALE
GUIDE PRICE :
PRICE ON APPLICATION
AN AWARD-WINNING MASTERPIECE
Marina One is an integrated development that places you on • Tenure : 99-year Leasehold
the pulse of Singapore’s vibrant Central Business District and • 1 to 4-Bedroom Apartments & Penthouses
beyond. Comprising luxury residences, unique retail offerings • 657 sq ft - 8,708 sq ft
and Grade -A offices, Marina One is nestled amongst lush • Total Units : 1,042
greenery and green parks. • Developed by : M+S Pte Ltd
Marina One Residences is seamlessly connected to four
MRT lines (North-South, Circle, Downtown and the upcoming
Thomson line) and is easily accessible from major expressways.
With island-wide connectivity, Marina One Residences is Teddy Ng (CEA Reg No: R006630G)
conveniently located to everything you want and possibly need. 9030 4603 • teddy.ng@sg.knightfrank.com
SINGAPORE VIEW • 34Artra Artist's Impression
ALEXANDRA VIEW, D03
FOR SALE
GUIDE PRICE :
3-BR FROM SGD 1,825,550
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 : 2020
• Developed by : FEC Skyline Pte Ltd
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • teddy.ng@sg.knightfrank.com
Queens Peak Artist's Impression
DUNDEE ROAD, D03
For Sale
GUIDE PRICE :
3-BR FROM SGD 1,627,000
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
amongst 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 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
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 35RESIDENTIAL . LOCAL
Artist's Impression
Twin VEW
WEST COAST VALE, D05
FOR SALE
GUIDE PRICE :
Artist's Impression
4-BR + STUDY FROM SGD 1,864,000
Two modern, 36-storey towers in clean lines and generous use • Tenure : 99-year Leasehold
of glass fenestration rise to form timeless and chic architecture • 1 to 4-Bedroom Apartments & Penthouses
by the river edge, amidst lush greenery. Within the landscape • Size : 484 sq ft - 2,088 sq ft
spaces are calming cascading contours inspired by rice paddy • Total units : 520
fields, offering residents endless indulgence of wellness and • Developed by :
relaxation. The rejuvenating swimming pool, gymnasium, CSC Land Group (Singapore) Pte Ltd
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.
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • teddy.ng@sg.knightfrank.com
SINGAPORE VIEW • 36Reignwood Artist's Impression
Hamilton Scotts
37 SCOTTS ROAD, D09
FOR SALE
GUIDE PRICE :
PRICE ON APPLICATION
Awarded the best residential high rise development
by the International Property Awards, Reignwood
Hamilton Scotts is an iconic apartment with en-suite
elevated sky garages that welcome your arrival with
your very own car porch in the sky and a spectacular
view of the lush greens at the conserved Goodwood
Hills. The distinctive residence invites you to lounge
in the subtleties of sublime luxury, with the glitz and
glamour of Orchard Road along with the pulse of the
city right at your doorstep.
• Tenure : Freehold
• 3-Bedroom Apartments & Penthouses
• Size : 2,756 sq ft – 6,975 sq ft
• Total Units : 56
• Developed by : Sardinia Properties Pte Ltd
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • teddy.ng@sg.knightfrank.com
M5 Artist's Impression
JALAN MUTIARA, D10
FOR SALE
GUIDE PRICE :
PRICE ON APPLICATION
Cradled in the heart of the city, M5 is surrounded by
commercial hubs and hipster hotspots. Encircled
by a dense transport network, M5 is a few minutes’
drive to Orchard Road, Singapore’s premier shopping
belt. Also a stone’s throw away from many prestigious
educational institutions and suburban malls, M5 is
the perfect location to live, work and play.
• Tenure : Freehold
• 1 to 2-Bedroom Units & Penthouses
• Size : 441 sq ft - 1,474 sq ft
• Total units : 33
• Developed by : TTH Development Pte Ltd
(an Amara Group company)
Teddy Ng (CEA Reg No: R006630G)
9030 4603 • teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 37RESIDENTIAL . LOCAL
Artist's Impression
Fourth Avenue
Residences
2,4,6,8,10,12,14,16,18 FOURTH AVENUE, D10
FOR SALE
GUIDE PRICE :
Artist's Impression
1-BR FROM SGD 1,050,000
Fourth Avenue Residences is a collection of 476 exclusive • Tenure : 99-year Leasehold
homes nestled amidst lush greenery and Good Class • 1 to 4-Bedroom + Study
Bungalow Areas in Prime District 10. It is served by Sixth Avenue • Size : 474 sq ft - 1,496 sq ft
MRT Station at its doorstep and surrounded by prestigious • Total units : 476
schools. Residents will enjoy convenient access to a direct • Developed by :
covered linkway to the MRT Station which is just 2 stops to Valleypoint Investments Pte. Ltd. (A wholly owned
Botanic Gardens, 4 stops to Newton Interchange, and directly subsidiary of Allgreen Properties Limited)
connected to Marina Bay and the Downtown Core.
Calvin Chua (CEA Reg No: R006245Z)
9736 9890 • calvin.chua@sg.knightfrank.com
SINGAPORE VIEW • 38Artist's Impression
10 Evelyn
10 EVELYN, D11
FOR SALE
GUIDE PRICE :
Artist's Impression
PRICE ON APPLICATION
A five-storey boutique residence, 10 Evelyn is designed by • Tenure : Freehold
acclaimed architect Mok Wei Wei and developed by the • 1 to 2-Bedroom Apartments &
award-winning hospitality and lifestyle group, Amara Holdings 3-Br Penthouses
Limited. The development is located on Evelyn Road — a • 495 sq ft - 1,432 sq ft
stone’s throw away from the bustle of Orchard Road, Novena • Total Units : 56
and Bukit Timah, and within reach of several top primary and • Developed by :
secondary schools and some of Singapore’s best healthcare Creative Investments Pte Ltd (Amara Holdings)
services.
10 Evelyn is designed to offer residents the intimacy and lush
tranquillity of a village, with seamless connectivity and exquisite Teddy Ng (CEA Reg No: R006630G)
modern touches of luxury living. 9030 4603 • teddy.ng@sg.knightfrank.com
MARCH 2019 - JUNE 2019 • 39RESIDENTIAL . LOCAL
Park Place
Residences at PLQ
PAYA LEBAR, D14
FOR SALE
GUIDE PRICE :
FROM SGD 1,6XX PSF
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
• Total units : 429
• TOP Date : 31 December 2020
• Developed by : Lendlease
Artist's Impression
Calvin Chua (CEA Reg No: R006245Z)
9736 9890 • calvin.chua@sg.knightfrank.com
Affinity at
Serangoon
SERANGOON NORTH AVENUE 1, D19
FOR SALE
GUIDE PRICE :
1-BR FROM SGD 704,000
Affinity at Serangoon is conveniently located just one
street away from the Serangoon North station, one
of the 12 new MRT stations on the Cross Island line.
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.
• Tenure : 99-year Leasehold
• 1 to 4-Bedroom Apartments, Penthouses & Strata
Landed Houses
• Size : 474 sq ft - 2,357 sq ft
• Total units : 1,052 & 5 Retail Shops
Artist's Impression
Calvin Chua (CEA Reg No: R006245Z)
9736 9890 • calvin.chua@sg.knightfrank.com
SINGAPORE VIEW • 40You can also read
