SINGAPORE VIEW JUL 2017 - SEP 2017 - A COLLECTION OF THE FINEST PROPERTIES & - Knight Frank
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SINGAPORE
VIEW
J UL 2017 - S EP 2 0 1 7
A COLLECTION OF THE
FINEST PROPERTIES &
DEVELOPMENTS
JULY 2017 - SEPTEMBER 2017 • 1
CONTENTS
17 INDUSTRIAL
38 JALAN BUROH
13
AUCTION
EUHABITAT
31 OFFICE
FRAGRANCE
EMPIRE
34 RESIDENTIAL (LOCAL)
ARTRA
BUILDING
62 64
RESIDENTIAL (SALES)
RESIDENTIAL (LEASING)
8 @ NAPIER GALLOP GREEN
SINGAPORE VIEW • 2
04 WELCOME
23 INVESTMENT &
CAPITAL MARKETS
RIO CASA
06 MARKET
RESEARCH
10 ADVISORY
SERVICES
12 AUCTION
17 INDUSTRIAL
46 RESIDENTIAL (INTERNATIONAL)
PALACE VIEW
23 INVESTMENT &
CAPITAL MARKETS
31 OFFICE
PROPERTY ASSET
32
MANAGEMENT
RESIDENTIAL
34 LOCAL PROJECTS
46 RESIDENTIAL
INTERNATIONAL
PROJECTS
62 RESIDENTIAL
LEASING
64 RESIDENTIAL
SALES
66
RETAIL
66 RETAIL
FUSIONOPOLIS ONE
JULY 2017 - SEPTEMBER 2017 • 3
WELCOME
In May, Knight Frank Singapore broke the news by clinching the first
en bloc deal of the year with One Tree Hill. Within the same month, we
claimed the third en bloc sale of 2017, with Rio Casa, which transacted
for over half a billion dollars. There has been much development in the
Singapore real estate market of late. Local and international developers
have been moving quickly to replenish their land banks through
Government Land Sales, collective sales and land acquisitions, with
more than half of such bids coming from foreign developers. The month
of May also saw the highest bid price of over S$1 billion for a residential
government site tender in Stirling Road.
Yet, with the buzz surrounding the residential property market, residential
property prices have witnessed an average drop of 3.1% quarter-on-
quarter (q-o-q) in Q1 2017, with average gross rental yields across the
market slipping to 3.2% in the same quarter from 3.3% in Q4 2016.
Looking ahead, we anticipate prices island-wide to drop further and
sales volume for the year to fall between 8,000 to 9,000 units.
On the back of an improving global economic and trade outlook, the
office market registered the lowest quarterly decline in a quarter for
Grade A+ and A office buildings in the last five quarters, showing signs
that the office market is starting to bottom out. Should the momentum
continue towards the end of the year, office rents of prime grade spaces
are likely to dip by 2% to 3% year-on-year (y-o-y) by Q4 2017, making
the next two quarters the final window for tenants to benefit from lower
rents and new available spaces. Over the last two years, technology
firms and co-working centres have become major occupiers, taking
advantage of lower rents to increase their foot print and taking up
sizable units within Grade A+ office buildings.
While the manufacturing industry is showing signs of growth of 8% in
Q1 2017, industrial rents in all areas except the Bukit Merah, Alexandra
and Jalan Kilang clusters experienced a 2% q-o-q drop. Business
park rents however, maintained at $4.25 psf pm despite lower leasing
activities in the first quarter of the year. We foresee average rents and
prices for leasehold properties to fall by 5% to 8% by the last quarter
this year.
In the first quarter of 2017, rents of prime retail spaces across the
island dipped 1.4% y-o-y, with the Marina Square, City Hall and
Bugis precincts dropping a 3.7% y-o-y as landlords compete to offer
attractive rental packages to draw retailers. Uncertain market sentiment,
weak retail spending, rising business costs and manpower shortages
are just some of the challenges faced by both landlords and retailers
alike. Suburban malls are seeing a 2.1% y-o-y fall as some continue
to grapple with weak patronage and finding the right retail trade mix.
With the onslaught of major e-tailers set to grow their online presence
in Singapore, we urge brick-and-mortar retailers to revisit their business
strategy so as to engage, retain and attract consumers.
Danny Yeo
Chairman & Group Managing Director
Knight Frank Pte Ltd
SINGAPORE VIEW • 4
SINGAPORE VIEW
jul 2017 - sep 2017
EDITOR Liew Lixia
RESEARCH CONTENT Alice Tan
MARKETING Phyllis Goh
DESIGNER Regina Ang
COVER IMAGE ARTRA
READ MORE ON PAGE 34
JULY 2017 - SEPTEMBER 2017 • 5
MARKET
RESIDENTIAL RESEARCH
RESIDENTIAL
RESEARCH RETAIL
SYN OPSIS OFFICE
INDUSTRIAL
RESIDENT I AL AVERAGE RESALE PRICES, RENTS AND GROSS YIELDS OF
PRIVATE RESIDENTIAL PROPERTY, BY MARKET SEGMENT
Based on Knight Frank’s analysis of a Source: REALIS, (based on data as at 19 April 2017), URA (based on rental contract data as at 17 April 2017),
Knight Frank Research
basket of private residential properties,
the average resale prices across all market
segments fell, on a year-on-year (y-o-y)
basis. The high-end and mass-market AVERAGE RESALE PRICES Q1 2016 Q1 2017 Y-O-Y
segments both saw more pronounced (S$ PER SQ FT STRATA AREA) CHANGE
decline of 3.8% quarter-on-quarter
(q-o-q) in Q1 2017. Meanwhile, the mid- HIGH-END $2,086 $2,005 -3.8%
tier segment witnessed a moderate dip of MID-TIER $1,506 $1,481 -1.7%
1.7% q-o-q, in light of gradually returning
MASS-MARKET $1,019 $ 980 -3.8%
interest for private homes with improving
transaction volumes for 2016.
Gross rental yields across all market AVERAGE RENTS
segments continued to slip in Q1 2017. (S$ PER SQ FT STRATA AREA PER MONTH)
Yields in the high-end market segment
stood at 2.95%, while mid-tier and HIGH-END $5.20 $4.84 -7.0%
mass-market yields both averaged MID-TIER $4.27 $4.07 -4.7%
approximately 3.30%.
MASS-MARKET $2.87 $2.67 -7.1%
Approximately 11,322 private homes are
slated for completion in 2017 – before
the pipeline tapers, according to Q1 2017 GROSS YIELDS (%)
statistics from URA. The Outside Central
Region (OCR) will contribute half of this HIGH-END 2.99% 2.95%
upcoming supply.
MID-TIER 3.40% 3.29%
MASS-MARKET 3.38% 3.30%
UPCOMING PRIVATE RESIDENTIAL SUPPLY, BY MARKET SEGMENT (AS AT Q1 2017)
Source: URA, Knight Frank Research CCR RCR OCR
>2021
2020
2020
2019
2018
2017 NO.OF UNITS
0 2,000 4,000 6,000 8,000 10,000 12,000
SINGAPORE VIEW • 6
AVERAGE OFFICE RENTALS,
OFFICE RESEARCH
BY KEY PRECINCTS IN Q1 2017
Q-O-Q CHANGE
CBD (GRADE A+, GRADE A)
RAFFLES PLACE/
MARINA BAY GRADE A+
S$9.10
-1.0% -
S$9.60
RAFFLES PLACE/
MARINA BAY GRADE A
S$8.00
-
-0.7% S$8.50
SHENTON WAY/
ROBINSON ROAD/
TANJONG PAGAR GRADE A
S$7.60
-
0.5% S$8.10
MARINA CENTRE/
SUNTEC GRADE A
OFFIC E -1.6%
S$7.70
-
S$8.20
Amid a brighter global economic outlook, the office market showed
signs of stabilisation with slowing rental decline and continued leasing CITY HALL GRADE A
activity in the Central Business District. Average rent of Grade A+ and S$7.90
Grade A office buildings in the Raffles Place/ Marina Bay precinct -0.6% -
S$8.40
decreased by 1.0% and 0.7% quarter-on-quarter (q-o-q) basis
respectively, reflecting the lowest quarterly decline over the last five CENTRAL AREA
quarters. (OUTSIDE CBD)
ORCHARD GRADE A
This slowdown in rental decline in core CBD is attributed to increased S$7.80
-0.8% -
leasing activity, especially in the prime office segment. New take up for S$8.30
office space firmed up in Q1 2017 with more enterprises, particularly
technology firms and co-working centres, increasing their footprints OTHERS
in Singapore. Furthermore, the momentum of flight-to-quality spurred FRINGE AREAS
S$4.70
by the attractive single-digit prime rental level led to higher absorption -
-1.4% S$6.80
of prime office space.
As a key regional business-friendly hub with lower office occupancy SUBURBAN
costs compared to rival Asian gateway city Hong Kong, Singapore will AREAS
S$4.20
remain a favoured location for global businesses. Improving business -
sentiment is also expected to boost leasing activity for both new and
-0.7% S$5.20
existing office space supply in the coming quarters this year, which
sets the stage for an earlier than expected office market recovery in
H2 2017. Knight Frank projects office rent of prime grade spaces in
the CBD to moderate by a lower 2% to 3% decline y-o-y by Q4 2017. Source: Knight Frank Research
(1) Rents are based on transacted leases (2) Rents are based on a lease term
If so, the next two quarters would be a final window for tenants to take of at least three years (3) Rents are expressed as values rounded to nearest
10 cent (4) Rents are estimated based on leases of a whole-floor office
advantage of lower rents and the new available supply in the CBD to space on the mid-floor levels of office properties, and taking into account
rent free period and other concessions
relocate or restructure their existing leases.
UPCOMING OFFICE SUPPLY (AS AT MARCH 2017)
Source: URA, Knight Frank Research SUBURBAN FRINGE (WEST) FRINGE (EAST) SUNTEC/MARINA/CITY HALL & REST OF CENTRAL AREA
ORCHARD SHENTON WAY/ROBINSON ROAD/TANJONG PAGAR MARINA BAY/RAFFLES PLACE
2021
2020
2019
2018
2017
GROSS FLOOR AREA (’000 SQ FT)
0 1,000 2,000 3,000 4,000
JULY 2017 - SEPTEMBER 2017 • 7
RETAIL RESEARCH
AVERAGE GROSS RENTS OF
PRIME RETAIL SPACES – Q1 2017
LOCATION $ PER SQ FT Y-O-Y CHANGE
PER MONTH Q-O-Q CHANGE
ISLAND- S$30.80 -1.4%
WIDE
-0.4%
ORCHARD S$35.00 -0.7%
ROAD NO CHANGE
RETAIL MARINA S$30.40 -3.7%
Overall, average island-wide prime retail rents saw further decline in Q1 2017, CENTRE,
CITY HALL, -1.8%
largely due to lower rents from Marina Centre, City Hall and Bugis precincts as BUGIS
landlords continue to offer attractive rental packages to draw retailers. Despite
the strong footfall trends reported for the well-established and well-managed
suburban malls, average rents of prime retail spaces in the suburban region
fell with the weaker malls grappling with low patronage and attaining the right CITY S$24.70 0.1%
retail mix in a bid to attract consumers. FRINGE NO CHANGE
About 2.4 million sq ft of net lettable retail space for major malls is slated for
completion between 2017 and 2019 in Singapore, averaging 0.8 million sq ft
of new major retail space per year. An estimated 0.7 million sq ft of net lettable SUB- S$28.80 -2.1%
major retail space is slated for completion in the next three quarters of 2017. URBAN NO CHANGE
Considering the onslaught of new retail developments and the prudent
approach taken by most retailers in their business strategies to navigate the Source: Knight Frank Research
tough retail climate, average rents in the Central Region are envisaged to fall * Knight Frank revised its basket of prime retail spaces in Q1 2016.
** Prime spaces refer to rental-yielding units between 350 and 1,500
by 5.0% y-o-y to 8.0% y-o-y by Q4 2017. The more resilient prime rents to sq ft with the best frontage, connectivity, footfall and accessibility
moderate by up to 3.0% y-o-y in the same period. Islandwide occupancy is 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.
expected to hover between 90.0% and 92.0% in 2017.
MAJOR UPCOMING RETAIL SUPPLY FROM MAJOR DEVELOPMENTS IN KEY PRECINCTS
Source: Knight Frank Research FRINGE AREA DOWNTOWN CORE ORCHARD
Note: (1) Only retail space of at least 50,000 sq ft NLA is included,
(2) As at Q1 2016, there is no major upcoming retail supply expected in 2020 onwards. REST OF CENTRAL AREA SUBURBAN
2019
2018
2017
NETT LETTABLE RETAILSPACE (’000 SQ FT)
0 200 400 600 800 1,000 1,200
IN DUSTRI AL
Strong headwinds plaguing the manufacturing industry continued to exert downward pressure on industrial space rentals and prices
for Q1 2017. Conversely, the Singapore Purchasing Managers’ Index (PMI), showed improved sentiments within the sector during
Q1 2017, largely credited to higher new orders, new exports and higher factory output.
Overall island-wide rents slipped by 2.0% q-o-q to $2.00 per sq ft per month (psf pm) in Q1 2017, largely due to falling rental rates
across all industrial clusters, apart from the Bukit Merah - Alexandra - Jalan Kilang clusters. In contrast, business park rents held
steady at $4.25 psf pm in spite of lower leasing activities as compared to the previous quarter.
Higher average price of upper-floor strata titled factory units were recorded albeit a decline in transaction volume. Total resale
transactions fell from 136 caveats in Q4 2016, to 95 in Q1 2017. Similarly, only 7 caveats of upper-floor strata-titled warehouse units
were lodged in Q1 2017.
In anticipation of a modest economic growth forecast in 2017 and downside risks from macro environment and domestic fronts,
average rents and prices for leasehold industrial properties could fall by between -5.0% to -8.0% y-o-y by Q4 2017. On a brighter
note, with the rarity of freehold industrial properties, average prices for such properties are expected to hold or increase marginally.
SINGAPORE VIEW • 8
NUMBER OF CAVEATS LODGED FOR STRATA-TITLED FACTORY AND WAREHOUSE UNITS*
INDUSTRIAL RESEARCH
Source: REALIS (as at 24 April 2017), Knight Frank Research *Note: (1) Transactions are based on units on RESALE NEW SALE FACTORY WAREHOUSE
upper floors only, (2) some caveats may comprise more than one strata unit
200 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
180
160
140
120
100
80
60
40
20
0
AVERAGE MONTHLY GROSS RENTALS FOR CONVENTIONAL INDUSTRIAL SPACE, BY KEY CLUSTERS
Source: Knight Frank Research Q4 2016 Q1 2017 Q-O-Q % CHANGE
* Range of rentals are estimated based on the average
of minimum and maximum transacted rentals derived
* Only rents of units on upper floors are included
S$1.43
S$1.24
-15.3%
S$1.88
S$1.82
-3.2%
S$1.62
S$1.48
-9.4% WOODLANDS
SEMBAWANG S$1.80
ADMIRALTY S$1.57
YISHUN
-14.6%
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
PARK S$4.25
NO CHANGE
S$3.06 (ISLAND- S$4.25
S$1.71 S$2.98 WIDE)
S$1.69 -2.6%
-1.1%
S$2.73 AVERAGE
S$3.09
-2.0%
13.1%
S$2.10
S$2.11
0.4%
S$2.04
S$2.00
JULY 2017 - SEPTEMBER 2017 • 9
ADVISORY SERVICES
ADVISORY
SERVICES
CONSULTANCY Knight Frank's Consultancy & Research team provides
strategic advice, development consultancy and market
& R ESEAR CH research services to a wide range of local and overseas
clients across both private and public sectors.
Leveraging the multi-disciplinary expertise of our analysts
OUR SERVICES: and first-hand insights from our industry veterans, we help
clients seize opportunities and unlock the potential of their
• Highest and best use studies projects while identifying and minimising risks. Backed by
• Development and planning consultancy a world-class global research team, we draw upon the
• Master planning advisory knowledge from our network of more than 400 offices
• Pricing and rental strategy across 59 countries, to deliver in-depth research against
• Market due diligence global market dynamics.
• Feasibility studies for residential, retail,
office, hotels, shophouses and Our strengths in offering comprehensive and independent
industrial properties advice in multiple areas have earned us an extensive track
• Customised research studies record in consultancy projects.
FOR MORE INFORMATION, PLEASE CONTACT:
Alice Tan
Director and Head, Consultancy & Research
T: 6228 6833
E: alice.tan@sg.knightfrank.com
SINGAPORE VIEW • 10ADVISORY SERVICES
VA LU AT I O NS
With a track record of more than 75 years in Singapore, Knight Frank’s FOR MORE INFORMATION,
Valuation 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 valuation team regularly appraises properties for Deputy Group Managing Director &
mortgage, sale or purchase, public listing, financial reporting, rental reviews, Managing Director of Valuations
litigation and statutory valuations. Today, we are on the valuation panel of T: 6228 6860
nearly every leading bank and financial institution in Singapore.
E: kinhon.low@sg.knightfrank.com
Recently, Knight Frank has been appointed by CapitaLand Commercial
Trust and CapitaLand Mall Trust to value a portfolio of five office buildings Png Poh Soon
and six retail malls, as well as Raffles City, an integrated shopping, office, Director, Valuations
hotel and convention development. Knight Frank has also been appointed T: 6228 7393
by Lendlease for the valuation of 313@somerset and Parkway Parade. E: pohsoon.png@sg.knightfrank.com
In addition, we were also the appointed valuer for Centurion Corporation
Limited for the valuations of five workers’ accommodation and one students’
accommodation.
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 2017 - SEPTEMBER 2017 • 11AUCTION
AUCTION
SWI SS VI EW
CUL-DE-SAC 2-STOREY INTER-
TERRACE WITH BASEMENT
Enclaved in an exclusive residential estate, with
peaceful and quiet surroundings. The house boasts
a unique layout with good-sized bedrooms, of which,
two are ensuite.
• Tenure : 999-year Leashold
• Land Area : 2,547 sq ft
• Built up area : 3,242 sq ft
Guide price: $3.3 million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
SWISS VIEW, D11 FOR SALE
RH A PSOD Y
ON M OU N T
ELI Z A BETH
2-LEVEL PENTHOUSE WITH
PRIVATE LIFT
An exclusive residential development that is situated
in the midst of Singapore's prime shopping belt,
Rhapsody On Mount Elizabeth, is popular amongst
the expat community.
It is within walking distance to Orchard, Newton and
Somerset MRT Stations. Overseas Family School,
Chatsworth International School (Orchard) and Anglo-
Chinese School (Junior) are all within a 1km radius.
• Tenure : Freehold
• Area : 2,540 sq ft
• 4 + 1-Bedroom
Guide price: $4.6 million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
16 MOUNT ELIZABETH, D09
bank SALE
SINGAPORE VIEW • 125 BELMONT ROAD, D10
AUCTION
bank SALE
G CB AT 5
BE LM O N T R O A D
Serene environment. The subject proeprty is within
walking distance to Holland Village and its MRT
Station. Within close proximity to good schools.
• Tenure : Freehold
• Land Area : 16,372 sq ft
• Floor Area : 11,502 sq ft
• Good-sized Swimming Pool
• Relatively new
• Long driveway with ample carpark lots
• Rarely available
Guide price: $2X million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891
sharon.lee@sg.knightfrank.com
E UH AB ITAT
BRAND NEW TWO-STOREY
TOWNHOUSE WITH BASEMENT
AND ATTIC
The subject property is located near the Kaki Bukit
MRT. The brand new 4-bedroom townhouse has full
condiminium facilities with direct pool access, private
basement parking space and roof terrace with jacuzzi.
• Tenure : 99-year Leashold (wef 2010)
• Area : 3,379 sq ft
• 4 + 1-Bedroom Apartment with private
jacuzzi and pool view
Guide price: $3.XX million
Noelle Tan (CEA Reg No: R07713G)
9766 7797 • 6228 7380
noelle.tan@sg.knightfrank.com
252 JALAN EUNOS, D14
bank sale
JULY 2017 - SEPTEMBER 2017 • 13AUCTION
T O A PAY O H SH O PHO U S E GE Y L A N G S H OP H OUSE
BLK 125 TOA PAYOH LORONG 2, D10 LORONG 6 GEYLANG, D14
for SALE for sale
Located within the neighbourhood centre, it is near the 2-STOREY INTERMEDIATE SHOPHOUSE AT
coffeeshop and playground. Heavy human traffic. Tenanted. GEYLANG
Good rental yield. No GST. Near Braddell MRT Station. Ample
parking at nearby multi-storey carpark. Rare unit located in central area.
• Tenure: 75-years wef 1994 • Tenure : Freehold
• Size : 1,302 sq ft • Land Area : Approx. 2,068 sq ft
• Lower storey is partitioned into 2 shops • Floor Area : Approx. 2,991 sq ft
• Upper storey tenanted as residential • Master Plan Zoning 2014 : Commercial/Institution
• Foreigners are eligible • Remarks : Separate access
Guide price: $1.88 million Guide price: $2.8 million
Noelle Tan (CEA Reg No: R07713G) Tricia Tan (CEA Reg No: R021904I)
9766 7797 • 6228 7380 • noelle.tan@sg.knightfrank.com 9387 9668 • 6228 7349 • tricia.tan@sg.knightfrank.com
JURO NG EAS T GE Y L A N G S H OP H OUSE
SHO PHO U SE NEAR LORONG 12, D14
for SALE
BLK 262 JURONG EAST STREET 24, D25
3-STOREY FREEHOLD SHOPHOUSE WITH 3
for SALE
STRATA TITLES WITHIN CONSERVATION AREA
2-STOREY HDB SHOPHOUSE • Tenure : Freehold
• Tenure : 88-year Leasehold (wef 1 Jul 1994) • Size : Approx. 2,379 sq ft
• Size : Approx 3,681 sq ft • Master Plan Zoning 2014 : Commercial
excluding approx. 1200 sq ft ORA • Main road of Geylang and walking distance to Kallang
• Corner unit with double frontage and Aljunied MRT stations
• Separate access for shop and living quarter • Heavy human and vehicular traffic
• F& B / restaurant approved • Near hotels and eateries
• Tenanted at $15.2k per month • Tenanted
for 3+3 years (wef 1 Jun 2017) • GST / ABSD applicable
Tricia Tan (CEA Reg No: R021904I) Sharon Lee (CEA Reg No: R027845B)
9387 9668 • 6228 7349 • tricia.tan@sg.knightfrank.com 9686 4449 • 6228 6891 • sharon.lee@sg.knightfrank.com
SINGAPORE VIEW • 14AUCTION
MELVILLE PAR K PA R C V E R A
SIMEI STREET, D17 10 HOUGANG STREET 31, D19
for SALE for SALE
4 UNITS OF 3-BEDROOM APARTMENTS FOR 2-BEDROOM APARTMENT
SALE BY OWNER & BY BANK Parc Vera is strategically located close to shopping malls,
Located off both the PIE and ECP, the development is minutes train stations and bus interchanges. Schools located nearby
away from Simei MRT Station and amenities. include Holy Innocents’ High School and CHIJ Our Lady of
the Nativity. The subject property is also easily accessible via
• Tenure : 99-year Leasehold (wef 1992) major expressways such as KPE, PIE, TPE and CTE.
• Size : 1,313 sq ft / 1,410 sq ft / 1,475 sq ft
• Walking distance to Simei MRT station • Tenure : 99-year Leasehold (wef 2010)
• Area : 786 sq ft
Noelle Tan (CEA Reg No: R07713G)
9766 7797 • 6228 7380 • noelle.tan@sg.knightfrank.com
Tricia Tan (CEA Reg No: R021904I) Noelle Tan (CEA Reg No: R07713G)
9387 9668 • 6228 7349 • tricia.tan@sg.knightfrank.com 9766 7797 • 6228 7380 • noelle.tan@sg.knightfrank.com
V OLA RI @ B AL MO RAL K OVA N GR A N DE U R
12 BALMORAL RD, D10 118 TAMPINES ROAD, D19
bank SALE bank SALE
A brand new two storey penthouse with four bedrooms. 2-level penthouse unit with a roof terrace. Within 2-minutes
Centrally located within district 10, the subject property is near drive to Kovan MRT and Heartland Mall.
prestigious schools, amenities and MRT Stations.
• Tenure : Freehold
• Tenure : Freehold • Area : 1,389 sq ft
• Private lift • 3 Bedroom apartment
• Unit with lush greenery view • Attractively priced
Guide price: $6.x million Guide price: $1.28 million
Sharon Lee (CEA Reg No: R027845B)
9686 4449 • 6228 6891 • sharon.lee@sg.knightfrank.com
Noelle Tan (CEA Reg No: R07713G) Noelle Tan (CEA Reg No: R07713G)
9766 7797 • 6228 7380 • noelle.tan@sg.knightfrank.com 9766 7797 • 6228 7380 • noelle.tan@sg.knightfrank.com
JULY 2017 - SEPTEMBER 2017 • 15AUCTION
DETA CHED J TC J T C FA CT OR Y B U I L D I N G
FACTO RY 6 TUAS SOUTH STREET 10, D22
bank sale
LOYANG WAY 1, D17
liquidator SALE A single / part 2-storey warehouse with a 3-storey annex
ancillary office block; a rear 3-storey training block with open
PART 1-STOREY AND PART 4-STOREY yard on 1st storey and a 3-storey ancillary workers' dormitory
PURPOSE BUILT DETACHED FACTORY for 48 pax.
• Tenure: 30 + 27-years Leashold (wef 16 Sep 1994) • Tenure : 22 years 10 months Leasehold
• Size : Approx 41,705 sq ft (wef 1 Feb 2013)
• Built-up : Approx. 50,214 sq ft • Land Area : Approx. 107,640 sq ft
• Current usage : Production / Warehousing / • Floor Area : Approx. 88,848 sqft
Ancillary Office • Master Plan Zoning 2014 : Business 2
• Wide Frontage 58 m / Depth 67 m • TOP obtained. Brand New
• Own parking spaces with security / guardhouse
Tricia Tan (CEA Reg No: R021904I) Tricia Tan (CEA Reg No: R021904I)
9387 9668 • 6228 7349 • tricia.tan@sg.knightfrank.com 9387 9668 • 6228 7349 • tricia.tan@sg.knightfrank.com
CO N CO R D E HO TEL & S I M L I M S QU A R E
SHO PP IN G MAL L 1 ROCHOR CANAL ROAD, D07
bank / owner SALE
100 ORCHARD ROAD, D09
bank SALE RETAIL UNITS ON VARIOUS FLOORS
TWO ADJOINING SHOP UNITS IT specialised mall. Strategically located near the MRT station.
Suitable for F&B with dual glass frontage. Ideally located along
• Tenure : 99-year Leasehold
Orchard Road, between Dhoby Ghaut and Somerset MRT.
• Size : 388 sq ft / 409 sq ft / 420 sq ft / 1,346 sq ft
• Tenure : 99-year Leasehold • Attractively priced to sell from $2,XXX psf
• Size : 2,455 sqft
• Direct access from ground level
• Water point, floor trap and self-contained toilet
• Formerly tenanted as a restaurant
Guide price: $4.xx million
Noelle Tan (CEA Reg No: R07713G) Noelle Tan (CEA Reg No: R07713G)
9766 7797 • 6228 7380 • noelle.tan@sg.knightfrank.com 9766 7797 • 6228 7380 • noelle.tan@sg.knightfrank.com
SINGAPORE VIEW • 16INDUSTRIAL
INDUSTRIAL
38 JALAN
BUROH
38 JALAN BUROH, D22 A 9-STOREY SINGLE USER RAMP-UP
FOR LEASE WAREHOUSE WITH ANCILLARY OFFICE
The property is strategically located within an established industrial
estate in the Western part of Singapore. It is about 10 minutes’ drive
from the Lakeside MRT Station, and is easily accessible via the AYE
and PIE.
• TOP May 2017
Alvin Teng (CEA Reg No: R002950I)
• Area Per Floor : Up to approx. 79,070 sq ft
Gerald Quek (CEA Reg No: R002959B)
(Sub-division subject to landlord’s approval)
Veronica Chao (CEA Reg No: R027818E) • 2014 MP Zoning : Business 2
Jean Liow (CEA Reg No: R002927D) • Floor to Floor Height: From 5.6 m – 13.6 m
• Floor Loading : From 10 kN/m2 – 20 kN/m2
6100 0640 • Loading / Unloading : 14 loading/unloading bays
ind@sg.knightfrank.com with dock levellers per floor
JULY 2017 - SEPTEMBER 2017 • 177000 ANG MO KIO AVE 5, D20
INDUSTRIAL
for lease
70 0 0 A N G M O KIO
AV EN U E 5
FITTED CLEAN ROOM AND
PRODUCTION FACILITY
The subject property is strategically situated within a 5
minutes drive away from the CTE, 10 minutes drive to
the city and 20 minutes drive to Changi International
Airport.
• Floor Area : 122,000 sq ft
• Ceiling Height : 4.48 m
• Floor Loading : 10 kN/m2
Alvin Teng (CEA Reg No: R002950I)
9380 8662 • 6228 6893
alvin.teng@sg.knightfrank.com
Veronica Chao (CEA Reg No: R027818E)
9111 7775 • 6228 7394
veronica.chao@sg.knightfrank.com
TA G .A @ 81
TA G ORE LA N E
A MODERN 4-STOREY LIGHT
INDUSTRIAL BUILDING
The subject property is within close proximity to Yio
Chu Kang MRT and future Springleaf and Lentor MRT
Stations. It is easily accessible via SLE, CTE and
Upper Thomson Road.
• Total Strata Area Available for Lease :
From approx. 1,604 sq ft to 3,272 sq ft
• 2014 Master Plan Zoning :
Business 1
• Ceiling Height : 5.95 m
• Floor Loading :
Production - 10 kN/m2
Mezzanine - 5 kN/m2
Gerald Quek (CEA Reg No: R002959B)
9047 7619 • 6228 7306
gerald.quek@sg.knightfrank.com
Veronica Chao (CEA Reg No: R027818E)
81 TAGORE LANE, D26 9111 7775 • 6228 7394
for LeASE veronica.chao@sg.knightfrank.com
SINGAPORE VIEW • 1881, 83, 85 ALJUNIED ROAD, D14
INDUSTRIAL
FOR sale
81 , 8 3 & 8 5
AL J U N IE D R O A D
PRIME FREEHOLD SITE
The subject property consists of 3 units of single-storey
terrace houses with redevelopment potential for a light
industrial building. It is also easily accessible via the
ECP and PIE highways.
• Tenure : Freehold
• Land Area : Approx. 6.047 sq ft
(inclusive of LTA Road Reserved Land)
• 2014 Master Plan Zoning :
Business 1 with 2.5 plot ratio
Tan Boon Leong (CEA Reg No: R002918E)
9817 0009 • 6228 6894
boonleong.tan@sg.knightfrank.com
Ng Ee Kiat (CEA Reg No: R002972Z)
9825 0900 • 6228 7334
eekiat.ng@sg.knightfrank.com
45 7
M A CP H E R S O N
R OAD
A 7-STOREY PRIME INDUSTRIAL
BUILDING
The subject property has road frontage along
Macpherson Road. It is approximately 5 minutes drive
to Tai Seng, Macpherson and Bartley MRT Station.
• Tenure : Private Leasehold 99-year
(wef 1 April 1965)
• Land Area : Approx. 7,201 sq ft
• Gross Floor Area : Approx. 17,964 sq ft
• 2014 MP Zoning :
Business 1 with 2.5 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 1066 • 6228 7382 457 MACPHERSON ROAD, D13
pohgheok.lim@sg.knightfrank.com FOR SALE
JULY 2017 - SEPTEMBER 2017 • 1917 BUKIT BATOK STREET 22, D23
INDUSTRIAL
for sale
17 BU K I T BAT OK
STREET 22
A HDB PART 2 OR PART 3 STOREY
DETACHED FACTORY
It is strategically located at Bukit Batok Industrial
Estate, off Bukit Batok Avenue 6. The subject property
is situated within a cluster of purposed-built and flatted
factories and in close proximity to the Bukit Batok
MRT station and various bus stops. It is also easily
accessible via the AYE, KJE and PIE.
• Tenure : HDB Leasehold 30+30-year
(wef 1 August 1991)
• Site Area : Approx. 27,626 sq ft
• Floor Area : Approx. 25,000 sq ft
• 2014 Master Plan Zoning :
Business 1 with a maximum permissible
plot ratio of 2.5
Alvin Teng (CEA Reg No: R002950I)
9380 8662 • 6228 6893
alvin.teng@sg.knightfrank.com
17
WO OD LA N D S
TERRA CE
A 2-STOREY JTC DETACHED
STANDARD FACTORY WITH EXTENDED
MEZZANINE FLOOR AND REAR
EXTENSION
The subject proeprty is accessible to other parts of
Singapore via an extensive transportation network
comprising BKE, SLE and PIE, providing efficient
linkages to Woodlands checkpoint. It is approximately
8 minutes drive from Admiralty and Sembawang MRT
Stations.
• Tenure : JTC 30+30-year Leasehold
(wef April 1996)
• Land Area : Approx. 53,972.35 sq ft
• Gross Floor Area : Approx. 37,965.35 sq ft
• 2014 MP Zoning :
Business 2 with 2.5 plot ratio
• Floor Loading :
1st floor 15 kN/m2,
2nd floor 5 to 12.5 kN/m2
Alvin Teng (CEA Reg No: R002950I)
17 WOODLANDS TERRACE, D25 9380 8662 • 6228 6893
for sale alvin.teng@sg.knightfrank.com
SINGAPORE VIEW • 205 PENJURU LANE, D22
INDUSTRIAL
for sale
5 P E N JUR U
LA N E
A THREE-BLOCK SINGLE STOREY JTC
FACTORY WITH ANCILLARY OFFICE
The subject property consists of three blocks of
single-storey warehouse. Located along Penjuru
Lane, it is in close proximity to Jurong Port and is
easily accessible via the AYE.
• Tenure : JTC Leasehold till 16 Nov 2040
• Land Area : Approx. 87,494 sq ft
• Gross Floor Area : Approx. 40,000 sq ft
– Subject to Survey
• 2014 Master Plan Zoning :
Business 2 with plot ratio of 2.5
• Ceiling Height : 9 m
• Floor Loading : 20 kN/m2
Veronica Chao (CEA Reg No: R027818E)
9111 7775 • 6228 7394
veronica.chao@sg.knightfrank.com
8 9 D E FU
LA N E 1 0
A 2-STOREY FACTORY
Located along Hougang Avenue 3, the subject property
has good frontage and is easily accessible
via major expressways such as AYE and PIE. It
is approximately 5 minutes drive from Bartley MRT, and
10 minutes drive from Kovan MRT station.
• Tenure : HDB 30+30-year Leasehold
(wef 1991)
• Land Area : Approx. 49,000 sq ft
• Gross Floor Area : Approx. 42,000 sq ft
• 2014 MP Zoning :
Business 1 with 2.5 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 1066 • 6228 7382 89 DEFU LANE 10, D19
pohgheok.lim@sg.knightfrank.com FOR SALE
JULY 2017 - SEPTEMBER 2017 • 21110 LORONG 23 GEYLANG, D14
INDUSTRIAL
for lease
VI CTO RY
CEN TRE
A 7-STOREY INDUSTRIAL BUILDING
WITH 86 UNITS & 1 CANTEEN UNIT
The property is strategically located at the junction of
Sims Drive and Aljunied Road. It is within 5 minutes
walk from Aljunied MRT station and is easily accessible
via PIE and KPE.
• Tenure : 60-year Leasehold (wef 2012)
• Floor Area : From 1,650 sq ft
• Floor to Floor Height : Approx. 5.5 m
• Floor Loading : 7.5 kN/m22014
• Master Plan Zoning : Business 1
• Covered carparks and rooftop
• Recreational facilities with swimming pool,
gym, tennis court & sauna
Veronica Chao (CEA Reg No: R027818E)
Gerald Quek (CEA Reg No: R002959B)
6100 1558
ind@sg.knightfrank.com
SH I N E @
TU A S SOU TH
PROPOSED MULTI-USER
6-STOREY RAMP-UP B2
INDUSTRIAL DEVELOPMENT
The property is strategically located near the future Tuas
Mega Port and maritime industry in western Singapore,
and stands out with its distinct wave-inspired design.
It offers ample infrastructure spaces and facilities,
allowing tenants to enhance the efficiency of their
operations and capitalise on future connectivity plans
between Singapore and Malaysia.
• Tenure : 30-year Leasehold (wef Jan 2015)
• Gross Floor Area : 553,264.46 sq ft
• Unit Sizes : 1,669.48 sq ft - 13,763.80 sq ft
• 2014 Master Plan Zoning : Business 2
• Estimated TOP : Q1 2018
• Floor-to-Floor Height : Up to 8.8m
Gerald Quek (CEA Reg No: R002959B)
11 TUAS SOUTH LINK 1, D22 9047 7619 • 6100 6261
FOR SALE gerald.quek@sg.knightfrank.com
SINGAPORE VIEW • 22INVESTMENT &
INVESTMENT & CAPITAL MARKETS
CAPITAL MARKETS
RIO CASA RESIDENTIAL REDEVELOPMENT SITE WITH MORE THAN
200M FRONTAGE OF RIVERFRONT AND GREENERY VIEWS
HOUGANG AVENUE 7, D19 Knight Frank is pleased to announce the sale of Rio Casa, a privatised HUDC
site comprising 286-units of apartments and maisonettes, to Oxley-Lian Beng
sold
Venture Pte Ltd for SGD 575 million.
The sale price, coupled with an additional estimated differential premium of
SGD 208 million payable to the State to top up the lease to a fresh 99 years,
and to develop the site to a gross plot ratio of 2.8, translates to a land price of
approximately SGD 706 per square foot per plot ratio, based on the maximum
permissble gross floor area of of approximately 1,109,477 sq ft. With the
inclusion of a 10% bonus balcony and a proposed plot ratio of 3.08 (2.8 + 10%
balcony), the land price works out to approximately SGD 669 psf ppr, subject to
the authorities' approval.
The gross development value for this project is estimated at SGD 1.4 billion and
can potentially be redeveloped to build about 1,400 residential units, assuming
an average size of 70 sq m per unit.
Ian Loh (CEA Reg No: R027865G)
8838 3288 • 6228 6823 • Existing Development : 286 units of apartments and maisonettes
ian.loh@sg.knightfrank.com with sizes ranging from 151 sq m to 166 sq m
• Tenure : 104-year Leasehold (wef 01 Feb 1986)
Marvelle Wong (CEA Reg No: R055510C) • Site Area : Approx. 396,231 sq ft
9753 5878 • 6228 7359 • Total Strata Area : Approx. 479,435 sq ft
marvelle.wong@sg.knightfrank.com • Master Plan 2014 : Residential with Gross Plot Ratio 2.8
JULY 2017 - SEPTEMBER 2017 • 23INVESTMENT & CAPITAL MARKETS
ONE
T REE HILL
GARDENS PRIME FREEHOLD RESIDENTIAL
REDEVELOPMENT SITE
12 ONE TREE HILL GARDENS, D10 Knight Frank is pleased to announce the successful sale of One Tree
sold Hill Gardens for SGD 65 million to Lum Chang Group. The subject
property is a freehold landed residential redevelopment site located
in the vicinity of Orchard Road. The sale marks the first successful
collective sale of 2017 and the first involving a freehold landed-zoned
Lennon Koh (CEA Reg No: R022673H) collective site since Milton Court in June 2013.
9748 7400 • 6228 7327
lennon.koh@sg.knightfrank.com One Tree Hill Gardens is located within an exclusive enclave, off
Orchard Boulevard and Grange Road. The property enjoys close
Choo Wei Siong (CEA Reg No: R053701F) proximity to the Orchard Road shopping belt and is a few minutes
drive away from the Central Business District and the Marina Bay
9781 9557 • 6228 6892
Financial Centre.
weisiong.choo@sg.knightfrank.com
• Existing Development : 3-storey residential development
Marvelle Wong (CEA Reg No: R055510C) comprising 6 maisonettes and 7 apartments
9753 5878 • 6228 7359 • Tenure : Freehold
marvelle.wong@sg.knightfrank.com • Site Area: Approx. 39,063 sq ft
SINGAPORE VIEW • 24INVESTMENT & CAPITAL MARKETS
SYD N E Y
OLY M P IC PA RK
SYDNEY, AUSTRALIA COMMERCIAL DEVELOPMENT SITE
for sale
The subject property is a commercial development site
in Sydney Olympic Park, an inner suburban business
park. The site occupies a prime position overlooking
the local railway station.
Ian Loh (CEA Reg No: R027865G) • Tenure : 99-year Leasehold
• Site Area : 7,711 sq m
8838 3288 • 6228 6823
• Potential Gross Floor Area:
ian.loh@sg.knightfrank.com
Approx. 42,410 sq m
• Proposed Development:
Karen Wan (CEA Reg No: R040821F) A mixed use development of 4-star hotel
9772 8042 • 6228 6809 and/or serviced apartments, ground floor
karen.wan@sg.knightfrank.com retail and commercial office space
JULY 2017 - SEPTEMBER 2017 • 25MELBOURNE, AUSTRALIA
INVESTMENT & CAPITAL MARKETS
for sale ((Joint appointment with CBRE)
CA RPA RK ,
Q U EEN S ROA D,
MELBO U RN E
RARE CAR PARK INVESTMENT
A quality six-level car park offering forms part of a
stunning glass façade of a 14-storey multi-use tower,
providing a secured and high-quality investment
opportunity.
• Tenure : Freehold
• Site Area : Approx. 4,377 sq m
• WALE : 4 years
• Net Yield : Approx. 5.5 %
• Net Income : AUD 1.6M
• Prominent corner site positioned in the
heart of St Kilda Road business precinct
• Car park investment of 544 lots within a
multi-use development
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
A U GU STI N E
H O U SE
AN ATTRACTIVE OFFICE INVESTMENT
A prime, reversionary, multi-let office investment
located in the heart of London, surrounded by
excellent public traffic connections.
• Tenure : 131-year Leasehold (unexpired)
• Size : Approx. 28,965 sq ft of Grade A
office and ancillary accommodation
• WAULT : 5.7 years
• Net Yield : Approx. 4.74 %
• Net Income : Approx. GBP 1.366M p.a.
• Multi-let to 9 tenants on full repairing and
insuring terms
• Potential for rental uplift
Karen Wan (CEA Reg No: R040821F)
9772 8042 • 6228 6809
karen.wan@sg.knightfrank.com
Ian Loh (CEA Reg No: R027865G)
Austin Friars, London, EC2 8838 3288 • 6228 6823
for sale ian.loh@sg.knightfrank.com
SINGAPORE VIEW • 26MAYFAIR, LONDON, W1
INVESTMENT & CAPITAL MARKETS
for sale
1 0 GRO S V E N O R
STRE ET
A LANDMARK OFFICE AND RETAIL
OPPORTUNITY
A modern landmark office and retail investment
opportunity on the renowned Grosvenor Street,
Mayfair, London. Extensively refurbished in 2016, the
building occupies a large site of 0.36 acres, benefitting
from dual frontages onto Grosvenor Street and Brook’s
Mews.
• Tenure : 133-year Leasehold (unexpired)
• Size : Approx. 64,747 sq ft of multi-let office
and retail accommodation arranged over
lower ground, ground and five upper floors
• WAULT : 8 years
• Net Yield : Approx. 4 %
• Net Income : Approx. GBP 6M p.a.
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
C H I N AT O WN
P OI N T
CBD STRATA OFFICE
The subject property is a 25-storey commercial
development comprising a five-storey retail podium
and offices from 8th to 25th storey.
• Tenure : 99-year Leasehold
• Strata Area :
Approx. 2,347 sq ft to 9,720 sq ft
• Direct access to Chinatown MRT
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 133 NEW BRIDGE ROAD, D01
james.wong@sg.knightfrank.com FOR SALE
JULY 2017 - SEPTEMBER 2017 • 27SOUTH BRIDGE ROAD, D01
INVESTMENT & CAPITAL MARKETS
for sale
SOU TH BRI D GE
ROA D
PRIME SHOPHOUSE UNITS
The subject properties are 2 adjoining 4-storey
conservation shophouses located along South
Bridge Road, across the Buddha Tooth Relic Temple.
Chinatown MRT station is within walking distance from
the subject properties.
• Tenure : 999-year Leasehold
• Land Area : 3,089 sq ft
• Gross Floor Area: Approx. 10,027 sq ft
• Master Plan 2014 : Commercial with
Conservation Area
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
SM I TH
STREET
THREE ADJOINING CONSERVATION
SHOPHOUSES
Located in the heart of Chinatown, opposite
Chinatown Complex / Market, the properties are
3-storey shophouses with attics.
• Tenure : Freehold
• Land Area : Approx. 2,784 sq ft
• Gross Floor Area : Approx. 9,500 sq ft
• Master Plan 2014:
Commercial within Conservation Area
Mary Sai (CEA Reg No: R027878I)
9388 7879 • 6228 6886
mary.sai@sg.knightfrank.com
James Wong (CEA Reg No: R017407Z)
SMITH STREET, D01 9113 3113 • 6228 7345
FOR SALE james.wong@sg.knightfrank.com
SINGAPORE VIEW • 28ARAB STREET, D07
INVESTMENT & CAPITAL MARKETS
for sale
ARAB S T R E E T
RARE 4-STOREY SHOPHOUSE UNIT
A 4-storey intermediate shophouse unit currently used
as a hostel with 6 rooms and F&B on the ground floor.
It is located along Arab Street, in the Kampong Glam
Conservation Area.
• Tenure : 99-year Leasehold
• Land Area : 1,323 sq ft
• Gross Floor Area : Approx. 3,907 sq ft
• Currently used as a hostel with 6 rooms and
F&B on the ground floor
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
TA M P I N E S H DB
TAMPINES HDB EATING HOUSE
The subject property is a ground floor eating house
located in Tampines. It is conveniently located with
several amenities nearby such as provision shops,
medical clinics, banks and ATMs.
• Tenure : 92-year Leasehold
• Gross Floor Area : Approx. 1,350 sq ft
• Outdoor Sitting Area : Approx. 650 sq ft
• Fully tenanted
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 TAMPINES, D18
james.wong@sg.knightfrank.com FOR SALE
JULY 2017 - SEPTEMBER 2017 • 29BALESTIER, D12
INVESTMENT & CAPITAL MARKETS
for sale
LE SH A N TI ER
TWO ADJOINING GROUND FLOOR
SHOPS
The subject properties are 2 adjoining strata-titled
shops located on the ground floor of condominium
development, Le Shantier, in Balestier.
• Tenure : Freehold
• Strata Area : Approx. 2,820 sq ft
• Main road facing and high visibility
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
CT H U B 2
CITY FRINGE OFFICE
CT Hub 2 is a 18-storey mixed used building
comprising offices, retail units, and business ones,
located along Lavender Street in the city fringe and 5
minutes drive to Central Business District.
• Tenure : 99-year Leasehold
• Strata Area : Approx. 4,200 sq ft
• Floor-to-ceiling Height : 4.8 metres
Mary Sai (CEA Reg No: R027878I)
9388 7879 • 6228 6886
mary.sai@sg.knightfrank.com
James Wong (CEA Reg No: R017407Z)
LAVENDER STREET, D12 9113 3113 • 6228 7345
FOR SALE james.wong@sg.knightfrank.com
SINGAPORE VIEW • 30OFFICE
OFFICE
FRAGRANCE
EMPIRE BUILDING
456 ALEXANDRA ROAD, D05
FOR LEASE
Fragrance Empire Building is 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.
• 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 & Labrador MRT station by
covered walkway
Tan Wan Ting (CEA Reg No: : R056833G)
8522 5099 • 6228 7313
wanting.tan@sg.knightfrank.com
JULY 2017 - SEPTEMBER 2017 • 31PROPERTY ASSET
PROPERTY ASSET MANAGEMENT
MANAGEMENT
ASSET MANAGEMENT
Our Asset Management team manages more than 6 million square feet of space spanning 26
properties, encompassing retail malls, offices, industrial buildings and residential complexes.
We provide a full suite of services which include leasing and tenant management, facilities
management, marketing communications, finance and human resource management across
commercial, retail and residential assets. We also offer specialised retail services, including mall
repositioning and consultancy, trade and tenant mix and asset enhancement initiatives.
HILLION MALL SLA PROPERTIES
8 WINCHESTER
VIVA BUSINESS PARK INTERLOCAL CENTRE
SINGAPORE VIEW • 32S T R ATA M A N A G E M E N T
PROPERTY ASSET MANAGEMENT
For owners of strata titled developments, our Strata Management team provides
common area management services, managing estates between the range of
50 to 1,000 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.
D R AY C O TT 8
A prestigious high-end condominium
project located at Draycott Park, a prime
residential estate in Singapore. It consists
of 136 exclusive apartments, lofts, villas
and penthouses. Each unit is generously
furnished with exquisite and luxurious
fittings.
Draycott 8 is also more than just another
luxury residence; is a shining expression
of status and achievement – located in the
very prime residential belt of Orchard Road,
Singapore’s iconic street of dynamic life
and energy. Yet at the same time, a private
alcove of tranquility that’s immediately
experienced in the elevated ground of
this refined residence. And of course,
be greeted by the Concierge each time
you leave and return home, a prestigious
service to have for they will attend to your
every need.
TH E TO PIARY
A 99-year Leasehold Executive
Condominium located in Fernvale Lane in
District 28. It comprises of 700 units and is
closed to Buangkok MRT Station.
Other than the usual facilities found in
most condominiums, additional facilities
in The Topiary includes the Piano Room,
Sky Terrace, Hydrotherapy Beds, Onsens,
Aerobic/Yoga Room, etc.
Amenities near the development include
shopping malls and hypermarkets. It has
easy access to the CTE to get to the CBD.
FOR MORE INFORMATION ON
ASSET AND STRATA MANAGEMENT,
PLEASE CONTACT:
6848 5678 • enquiries@kfpam.com.sg
JULY 2017 - SEPTEMBER 2017 • 33RESIDENTIAL
LOCAL
LOCAL PROJECTS
Artist's Impression
Artist's Impression
ARTRA
ALEXANDRA VIEW, D03
for sale
Guide price :
2 + study from sgd 1,364,999
Artra at Alexandra is a new mixed development by FEC Skyline
at Alexandra View. Comprising commercial units on the 1st floor
together with a supermarket and residential units, residents are
well pampered with ultimate convenience. Shop, live and buy
groceries with everything under one roof.
• Tenure : 99-year Leasehold
• 2-Bedroom + Study, 3-Bedroom,
3-Bedroom + Study, 5-Bedroom
• Size : 786 sq ft - 2,583 sq ft
• Total units : 400
• TOP Date : March 2020
• Developed by : FEC Skyline Pte Ltd
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 34LOCAL
Artist's Impression
PARK PLACE Artist's Impression
RESIDENCES
AT PLQ
PAYA LEBAR, D14
for sale
Guide price :
PRICE ON APPLICATION
LIVE THE CITY LIFE, EAST STYLE
Paya Lebar Quarter, Singapore’s most progressive city precinct
located at the heart of the URA’s urban regeneration masterplan
for Paya Lebar. Three world-class office towers offering exclusive
429-unit premier residence, next generation workspaces
and more than 200 retailers with indoor and alfresco dining
experiences sit amidst lush green, connected spaces. Directly
linked to the Paya Lebar MRT Station, interchange of 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 Eric Liew (CEA Reg No: R021280Z)
• TOP Date : 31 December 2020 9824 9966
• Developed by : Lendlease eric.liew@sg.knightfrank.com
JULY 2017 - SEPTEMBER 2017 • 35LOCAL
Artist's Impression
QUEENS
PEAK
DUNDEE ROAD, D03
for sale
Guide price :
1-BR from Sgd 770,440
Artist's Impression WHERE CONVENIENCE MEETS
LUXURY
Perfectly positioned in a highly sought after area due to its
Artist's Impression 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 at a distance of less
than 2 km.
• Tenure : 99-year Leasehold
• 1 to 5-Bedroom Apartments & Penthouses
• 425 sq ft - 4,778 sq ft
• Total units : 736
• Developed by : HY Realty (Dundee) Pte Ltd
• Directly connected to Queenstown MRT station
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 36LOCAL
Artist's Impression
Artist's Impression
CAIRNHILL UNIQUE CITY LIFESTYLE
NINE Located at a prime district area in Orchard Road,
Cairnhill Nine is a luxurious resort-style condominium
offering modern and comfortable city living. It is
surrounded by various upscale shopping centres such
CAIRNHILL ROAD, D10 as ION Orchard, Paragon Shopping Centre and Wisma
for sale Atria, and is close to many local and international
schools, including Anglo Chinese Junior School and
Chatsworth International School. Esteemed medical
Guide price :
centres such as Mount Elizabeth Hospital and Paragon
2-BR from Sgd 2,662,000 Medical Center are also within the vicinity.
2-BR+GUest from sgd 2,827,000
Centrally located, Cairnhill Nine enjoys great
connectivity to the other parts of Singapore via
Somerset and Orchard MRT stations and the CTE.
• Tenure : 99-year Leasehold
• 1, 2 & 4-Bedroom Apartments & Penthouse
Eric Liew (CEA Reg No: R021280Z) • 592 sq ft – 3,864 sq ft
9824 9966 • Total Units : 268 units
eric.liew@sg.knightfrank.com • Developed by : CapitaLand Limited
JULY 2017 - SEPTEMBER 2017 • 37LOCAL
Artist's Impression
Artist's Impression
MARINA ONE
RESIDENCES
21 MARINA WAY, D01
for sale
GUIDE PRICE :
from Sgd 2,500,000
AN AWARD-WINNING MASTERPIECE
Marina One is an integrated development that places you on the pulse • Tenure : 99-year Leasehold
of Singapore’s vibrant Central Business District and beyond. Comprising • 1 to 4-Bedroom Apartments & Penthouses
luxury residences, unique retail offerings and Grade-A offices, Marina • 657 sq ft - 8,708 sq ft
One is nestled amongst lush greenery and green parks. • Total Units : 1,042
• 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) via
underground pedestrian walkways and is easily accessible from major Eric Liew (CEA Reg No: R021280Z)
expressways. With island-wide connectivity, Marina One Residences is 9824 9966
conveniently located to everything you want and possibly need. eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 38LOCAL
Artist's Impression
Artist's Impression
SKYSUITES
@ ANSON
ENGGOR STREET, D02 FOR THE DISCERNING
for sale
Skysuites@Anson is an iconic development that is
reshaping the city skyline. Offering magnificent views of the
Guide price : Central Business District, Marina Bay and the upcoming
1-br from sgd 967,500 new waterfront district, this stunning structure lights up
the night sky charmingly with its gloriously illuminated sky
terraces.
• Tenure : 99-year Leasehold
• 1 to 3-Bedroom Apartments
• 365 sq ft – 1,140 sq ft
• Total Units : 360
• Developed by : Allgreen Properties Limited
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
JULY 2017 - SEPTEMBER 2017 • 39LOCAL
Artist's Impression
TH E RI SE @ O X LE Y
71 OXLEY RISE, D09
for sale
guide price :
3-BR from Sgd 1,582,600
THE LUXURY OF
COSMOPOLITAN LIVING
The Rise @ Oxley is located in prime District 9, along the fringe
of Orchard Road and in close proximity to esteemed schools
like Singapore Management University, Chatsworth International
School and River Valley Primary School. Somerset and Dhoby
Artist's Impression Ghaut MRT stations are located just a stone’s throw away from
this luxurious abode, giving you direct access to the North-
South, North-East and Circle Line.
• Tenure : Freehold
• 1 to 4-Bedroom Apartments & Penthouses
• Residential : 462 sq ft - 1,194 sq ft
• Commercial : 355 sq ft - 1,065 sq ft
• Total Units : 120 Residential & 29 Commercial
• Developed by : Oxley Rise Pte Ltd
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 40610 TELOK BLANGAH ROAD, D04 for sale
LOCAL
3-BR from Sgd 2,523,000
SKY LI N E
RE SI DE N CE S
RAISE YOUR SIGHT
Poised atop a lush landscape deck, Skyline Residences
offers picture perfect views of the sea and an equally
stellar view of Keppel Golf Link and Labrador Park.
Located right in the heart of the action, VivoCity and
HarbourFront Centre are just a stone’s throw away and
choice schools in close vicinity. The CBD is also easily
accessible via the AYE, major roads and Telok Blangah
MRT station, just a five-minute walk away. Nature
lovers will embrace nearby greenery at Mount Faber,
Henderson Waves and Hort Park.
• Tenure : Freehold
• 1 to 4-Bedroom Apartments & Penthouses
• 484 sq ft - 3,681 sq ft
• Total units : 283
• Developed by :
Bukit Sembawang View Pte Ltd
Eric Liew (CEA Reg No: R021280Z)
9824 9966
Artist's Impression
eric.liew@sg.knightfrank.com
AM BER S K YE Artist's Impression
A NEW WAVE IN LUXURY
LIVING BECKONS
The magnificent allure of oceania living is encapsulated
in one private residential beacon in the east - Amber
Skye. The 22-storey freehold condominium is located
in Singapore’s prime district, Amber Road, and is
surrounded by prestigious local and international
schools with easy access to major expressways and
the upcoming Amber MRT station. Luxury living awaits
you at Amber Skye.
• Tenure : Freehold
• 1 to 3-Bedroom Apartments, Grandeur,
Grand Villas & Penthouses
• 527 sq ft - 5,177 sq ft
• Total Units : 109
• Developed by : CS Land Pte Ltd
Eric Liew (CEA Reg No: R021280Z)
9824 9966 8 AMBER ROAD, D15 for sale
eric.liew@sg.knightfrank.com Guide price : 1-br from sgd 1,286,000
JULY 2017 - SEPTEMBER 2017 • 41YISHUN STREET 51, D27 for sale
LOCAL
2-BR from Sgd 560,000
Artist's Impression
TH E CRI TERI ON
SIX THEMED HAUSES FOR
EVERY LIFESTYLE
From the tasteful architecture, extensive landscaping
and comprehensive facilities to the refined interiors
and premium fittings, you will find that The Criterion – a
luxurious executive condominium – has indeed raised
the bar in every aspect. An extensive network of public
transportation and new roads link everything together
to make commuting a breeze. Selected units get to
enjoy the serene views of Lower Seletar Reservoir and
the swimming pool.
• Tenure : 99-year Leasehold
• 2 to 5-Bedroom Apartments
• Total Units : 505
• Size : 700 sq ft - 1,378 sq ft
• First EC equipped with Panasonic air
conditioners with built-in nanoe-G air-
purifying system
• Expected TOP : Q1 2018
• Developed by : City Developments Limited
Eric Liew (CEA Reg No: R021280Z)
9824 9966
eric.liew@sg.knightfrank.com
N ATH A N SU I T ES
TAKE FLIGHT ABOVE THE
BISHOPGATE HORIZON
Nathan Suites is a beautiful new luxury condominium
on the fringe of Orchard Road, beside the exclusive
Bishopsgate Good Class Bungalow enclave.
Designed by the internationally acclaimed architect
Jun Mitsui to embody the soaring flight of birds on
the winds around, with his signature clean and sleek
lines.
• Tenure : Freehold
• Last Penthouse unit for sale
• 4-Bedroom + Family + Private Lift
• Size : 4,747 sq ft
• Developed by : TID Pte Ltd
• TOP : 2014
Artist's Impression
Eric Liew (CEA Reg No: R021280Z)
21 NATHAN ROAD, D10 for sale 9824 9966
Price on application eric.liew@sg.knightfrank.com
SINGAPORE VIEW • 42You can also read
