Emerald of Katong, situated along Jalan Tembusu road, received a top bid of $828.8 million from Sim Lian Group, translating to $1,069 per square foot per plot ratio (psf ppr). This bid narrowly surpassed the next highest bid of $828 million, or $1,068 psf ppr, from a joint venture between City Developments Limited (CDL) and Frasers Property, indicating a shared valuation of the site.

Factsheet

Emerald of Katong is located along Jalan Tembusu within the Marine Parade Planning Area. It is situated near the upcoming Tanjong Katong MRT station along the Thomson East Coast Line, future residents would be able to tap into the convenience of mass rapid transit and enjoy easy access to the city centre.

This Condo is also well served by bus services that provide good connectivity to key commercial and recreational nodes such as Paya Lebar Central and Singapore Sports Hub. Amenities such as eateries along Tanjong Katong Road and educational institutions such as Chung Cheng High School, Tanjong Katong Girls School, Tanjong Katong Secondary School, and Tanjong Katong Primary School are also within easy reach by foot.

Tanjong Katong Station of the Thomson East Coast Line Stage 4 is expected to open on 23 June 2024. By then, it provides future residents with good connectivity to Changi Airport, the Central Business District and the East Coast Region.

Personal feel:

Given that this is the second land parcel sale after the Tembusu Grand, developers will be more cautious about bidding for this land. However, this does not mean that it will deter developers from bidding for this Jalan Tembusu land parcel.

Firstly, the depleting inventories. developers need to acquire new parcels to keep their business going. Secondly, with rising en-bloc costs, developers will then need to source for other alternatives like bidding for Government land sales. Thirdly, the charm of the Katong area will attract developers to come and get it, due to its convenience and endless amenities What’s more, this condo is within walkable distance to the upcoming Tanjong Katong MRT.

We will advise homebuyers to register the interest to stay tuned.

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Exploring CDL’s Bid for Zion Road GLS Parcel A: Market Insights

In a significant move, a joint venture led by City Developments (CDL) has submitted a bold bid of $1.1 billion for a prime plot in Zion Road Parcel A, marking the pioneering Government Land Sales (GLS) initiative for long-stay serviced apartments. However, industry analysts have raised concerns over this singular bid for Zion Road Parcel A, citing a land rate of $1,202 per sq ft per plot ratio (psf ppr) that falls below market expectations, indicating CDL’s cautious approach despite the promising opportunity to diversify its rental property portfolio.

Market Dynamics: Analyzing Participation and Bids

Experts note a consensus regarding the subdued participation and bids for Zion Road GLS Parcel A and other sites, attributing it to escalating risk aversion among developers. Economic uncertainties, sluggish new home sales, interest rate fluctuations, and regulatory cooling measures contribute to this trend. The single bids received on April 4 are termed as “conservative,” particularly for the Zion Road plot, despite its inherent attractiveness.

Comparative Insights: Evaluating Land Rates and Market Trends

Drawing comparisons with past GLS transactions nearby, analysts question the viability of the Government awarding the Zion Road GLS Parcel A given its relatively lower land rate. For instance, the land rates achieved for Jiak Kim Street and Irwell Bank Road plots far exceed the bid for the Zion Road site, raising doubts among industry observers.

Perspectives on Future Development and Market Impact

While uncertainty looms over the awarding of this land site, industry experts anticipate potential benefits in rejuvenating the supply of serviced apartments in the area. The prospect of tapping into a new source of recurring income and gaining a competitive edge as an early mover in this segment offers promising opportunities for developers.

Challenges and Considerations: Sizeable Plots and Market Dynamics

Analysts point out the reservations among developers regarding the sizeable plot of the Zion Road GLS Parcel A, coupled with its land price and the impending influx of new private home supply from adjacent GLS sites. These factors contribute to a cautious sentiment prevailing among industry players.

Strategic Vision: CDL’s Ambitious Plans for Zion Road Development

Should CDL and its joint venture partner Mitsui Fudosan (Asia) secure the Zion Road GLS Parcel A, ambitious plans for a mixed-use project are in the pipeline. This envisioned development comprises residential and commercial spaces, showcasing CDL’s commitment to innovative urban solutions and market-leading ventures.

In conclusion, the bidding dynamics for the Zion Road GLS Parcel A provide valuable insights into the evolving landscape of Singapore’s real estate sector and the strategic maneuvers of key players like CDL in navigating market uncertainties and seizing lucrative opportunities.

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Piccadilly Grand is the new condo that is situated at Northumberland Road.

It’s the first residential Government Land Sales (GLS) tender for this year. This is a plum site in the Ferrer Park area. This site attracts 10 bids from the developers and a robust bid price that showed the developer’s hunger for the land.

City Developments (CDL) and Joint Venture partner MCL Land emerged as the top bidder at $445.9 million, this translates into $1,129 per sq ft per plot ratio (psf ppr).

Piccadilly Grand Condo is expected to develop into a mixed-use project comparing 408 residential units of up to 23 storeys and commercial retail space. There will be infant care and childcare centre on the ground floor.

Analysts say that the new project at Northumberland Road Condo may be launched at between $1,900 – $2,300 psf. (source: straits times)

Latesst News

Preview Timeline: Q1 2022

Great Accessibility: being along the fringe of the CBD with direct access to Farrer Park MRT

Great Convenience: right at your doorstep. Commercial @ #1. Min walk to City Square Mall and Mustafa Centre

Reputable schools such as SJI, St Margaret, Hong Wen and Farrer Park Primary!

>>>Register Your Interest Here<<<

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JUST TOP

CARPMAEL THIRTY-EIGHT

Immediate Occupation

Pack your Luggage & Move In !
TOP Obtained
Unbelievable Price at $1500psfFreehold and Mins Walk to Paya Lebar MRT

Sole Marketing by Huttons

LAST 3BR PH (SOLD)
FreeHold in D15 @ only $1,905,843($1,500psf)

Contact: (65) 6100 0339 For Booking / Text: (65) 8666 3339 For More Details

Register your interest here

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TIMELESS | CHIC | MODERN | FREEHOLD

Immerse yourselves in the rich heritage of the East, where quaint shophouses dot the streets, and where you are greeted with Peranakan cuisines and artisanal cafes. Green sanctuaries and scenic coastal walks at East Coast Park offer just the right respite from a day’s work.

77 East Coast is located very near to the upcoming Siglap MRT Station, approximately about 600m. This upcoming MRT station is part of the Thomson-East Coast Line which will link all the way from North, bypass Siglap and towards Changi Airport.

The completion is expected to be in 2023, one year after the expected completion for 77 East Coast development. This will greatly improve the convenience of the residents around the vicinity and enhance the rentability in 77 East Coast condo.

Why Buy 77 @ East Coast?

Freehold, Exclusive 41 Units only

Charming Colonial Black & White Architecture

Efficient Layout – No Balcony

41 Residential Units Comprises of 1/2/3/4 BR + Shops + Food & Beverages

Mins walk to Siglap MRT (U/C)

Mins to Siglap Centre. Amenities & Eateries

Contact: (65) 6100 0339 For Booking / Text: (65) 8666 3339 For More Details

Register your VVIP here

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One Pearl Bank Factsheet

One Pearl Bank Unit Mix

Register your interest and to secure a unit at One Pearl Bank, simply call (65) 6100 0339 or drop a text to (65) 8666 3339. This project is really beautiful, worthwhile to book a unit there.

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Margaret Ville Factsheet:

Margaret Ville Units Mix:

• TRANSPORTATION: 4.0/5

If you are working in the Pasir Panjang, One North or Current CBD, then you will appreciate how near is Queenstown to all the above-mentioned working place.

Located quite near to Queenstown MRT station, you can easily take a stroll to MRT. From Queenstown MRT, it takes you only 5 stops to Raffles Place. It takes only 2 stops to Buona Vista, the interchange between East-West Line and the Circle Line.

• AMENITIES: 4.0/5

Queenstown is no lack of amenities. It is one of the earliest towns in Singapore history. If you’re looking for nice food, then you should not miss Mei Ling Food Centre.

The coffeeshop will be within a short walk. Located at the opposite blocks, the Dawson Hawker Centre will be ready in 2020, just nice before the residents in Margaret Ville move in.

• RENTABILITY: 4.5/5

Because this is only one bedroom, chances that this could be one of your investment properties. Tenants will love the place because of the distance to the MRT, already existing amenities and eateries nearby.

Take a look at Commonwealth Tower (CWT), which is just right next to Queenstown MRT. This project is TOP in 2017, which is the benchmark for the rents in the Queenstown area.

Source: EdgeProp (May 2019)

The average rent for one bedroom in Commonwealth is transacted at about $2,500. Assuming ceteris paribus, $2,500 per month translates into 3% rental yield or $5.39 psf, which is quite a decent number to look at.

Wait no more, come and take a look at this awesome project name “Margaret Ville”. Give us a call at (65) 6100 0339 or drop us a text at (65) 8666 3339. Happy to see you take action and take action now.

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Stirling Residences Factsheet

• TRANSPORTATION: 4.5/5

If you have been looking for a property next to MRT and yet not so near to the MRT track, perhaps this is the project that is suitable for you.

Located very near to Queenstown MRT station, you can easily take a stroll to MRT. From Queenstown MRT, it takes you only 5 stops to Raffles Place. It takes only 2 stops to Buona Vista, the interchange between East-West Line and the Circle Line.

• AMENITIES: 4.0/5

Queenstown is no lack of amenities. It is one of the earliest towns in Singapore history. If you’re looking for nice food, then you should not miss Mei Ling Food Centre, which is just a few HDB blocks away.

The coffeeshop is within a short walk as well. Located at Block 169, this coffeeshop offers Zichar, Vegetarian Bee Hoon, Banmian, Wanton Mee, Mixed rice and Roti Prata.

Shopping malls we have IKEA, Queensway Shopping Mall and the Anchorage. These are all within comfortable walking distance.

• RENTABILITY: 4.5/5

Because this is only one bedroom, chances that this could be one of your investment properties. Tenants will love the place because of the distance to the MRT, already existing amenities and eateries nearby.

Take a look at Commonwealth Tower (CWT), which is just right next to Queenstown MRT. This project is TOP in 2017, which is the best proxy to Stirling Residences.

Source: EdgeProp (May 2019)

The average rent for one bedroom in Commonwealth is transacted at about $2,500. Assuming ceteris paribus, $2,500 per month translates into 3.46% rental yield or $5.66 psf, which is quite a good number to consider.

Stirling Residences: November 2019

Wait no more, come and take a look at this awesome project name “Stirling Residences”. Give us a call at (65) 6100 0339 or drop us a text at (65) 8666 3339. Happy to see you take action and take action now.

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