Month: April 2023

Uncategorized

CapitaLand Ascendas REIT divests local industrial building at 219% premium from 2005 purchase price

 

CLAR’s manager has announced the divestment of Singapore industrial building KA Place for a consideration of $35.38 million. The figure represents an impressive 219% premium to CLAR’s purchase price of $11.1 million in March 2005, as well as a 55% premium to the property’s market valuation of $22.8 million as of the end of 2022.

KA Place at 159 Kampong Ampat is a seven-storey high-specification industrial building which features a carpark on the second floor, and a total gross floor area of 10,163sq m. It also has a remaining land lease tenure of about 35 years.

The proposed divestment is in line with the REIT’s proactive asset management strategy to improve the quality of CLAR’s portfolio and optimise returns for unitholders. After carefully evaluating the situation, the manager has decided that this is an opportune time to divest the property and deploy the proceeds from the sale towards value-adding opportunities.…

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Altura EC Location Near to Bukit Batok Polyclinic Outlines Urban Redevelopment Authority (URA) Master Plan
Apr
19
Mortgage Property News Real Estate

Altura EC Location Near to Bukit Batok Polyclinic Outlines Urban Redevelopment Authority (URA) Master Plan

 

Altura EC by Qingjian Realty is equipped with a range of healthcare amenities designed to meet the health-related needs of its residents. St. Luke’s Hospital, a local hospital, provides medical care and rehabilitation, while Bukit Batok Polyclinic furnishes primary healthcare services. Additionally, there are several private clinics and dental practices scattered throughout the neighbourhood.

The Urban Redevelopment Authority (URA) Master Plan outlines a vision and strategies that will shape Singapore’s development in the coming years. This comprehensive land use plan will ensure that the country continues to be a sustainable, livable, and vibrant city during the next 10 to 15-year period. As part of this overall plan, various changes have been proposed for various areas in Singapore, like the Bukit Batok area where the Altura EC development is located. This means that the people living in Altura EC can look forward to being able to enjoy the improvements that the …

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Mortgage Property News Real Estate

Uncovering the Charms of Bukit Timah: A Guide to Singapore’s Lush and Diverse Neighbourhood

 

Bukit Timah is a lush and diverse neighborhood located in Singapore. It is known for its stunning natural beauty, vibrant culture, and endless opportunities for exploration. From its colonial heritage to its modern attractions, Bukit Timah is an ideal place for those who want to experience the best of Singapore.

The area is home to the Bukit Timah Nature Reserve, which is the country’s oldest nature reserve. This reserve is filled with lush greenery and wildlife, making it an ideal spot for those who want to take a break from the hustle and bustle of the city. The area is also home to a number of parks, including the Singapore Botanic Gardens and the Singapore Zoo.

For those interested in a bit of history, Bukit Timah is home to a number of colonial-era buildings and monuments. The district is home to the Singapore Chinese Chamber of Commerce, which was built …

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Mortgage Property News Real Estate

The Bukit Panjang Transport Hub: A Transit Oasis in Singapore’s Northwestern Heartland

 

The Bukit Panjang Transport Hub is a transit oasis located in the northwest heartland of Singapore. It is one of the most important transport hubs in the country, connecting several major rail lines, bus services and even a cycling path. The hub was opened in 1995 and has since become an integral part of the area’s transport system.

The Bukit Panjang Transport Hub is equipped with a wide range of facilities and services designed to make travel more convenient and comfortable. There are a variety of shops and restaurants located within the hub, including a food court and an ATM. Passengers can also transfer between different rail lines, or hop on one of the many bus services available. The hub also features a sheltered pedestrian walkway, allowing passengers to move between the various rail lines without having to go outside.

The hub is also connected to the Bukit Panjang LRT, …

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Mortgage Property News Real Estate

Exploring Singapore’s Downtown Line: A Comprehensive Guide to the City’s Newest Subway Line

 

Singapore is home to one of the most advanced public transportation systems in the world, and the newest addition to the city’s impressive network is the Downtown Line. The Downtown Line is the fourth line on Singapore’s Mass Rapid Transit (MRT) system, and runs for 42.8 kilometers from Bukit Panjang in the northwest of Singapore to the Expo station in the southeast.

The Downtown Line was first opened in December 2013, and has since become one of the most popular lines on the MRT system. It serves 18 stations, with new additions made in 2015, 2016 and 2017. The line is fully automated and has a total of eight interchanges with other lines, including the North-South Line, East-West Line, Circle Line, and the Thomson-East Coast Line.

The Downtown Line is a great way to explore Singapore’s vibrant city center. It connects some of the most popular attractions in Singapore, including …

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Mortgage Property News Real Estate

Downtown Line: Connecting Bukit Panjang to the Heart of Singapore’s Business District

 

The Downtown Line (DTL) is a rapid transit line in Singapore that connects the city-state’s growing northern suburbs to the heart of its business district. The line opened in October 2013, and consists of 16 stations, stretching from Bukit Panjang in the northwest to the Downtown Core in the south.

The construction of the Downtown Line (DTL) was part of a larger effort to improve public transportation in Singapore. The DTL serves to relieve the congestion on the existing North-South and East-West Lines and also to expand the city’s public transport network. The line has been designed to accommodate the high demand for public transport in the city’s central business district.

The Downtown Line has been designed to provide both speed and convenience for commuters. The line features two separate lines, one for express services and one for local services. Express trains run between Downtown Core and Bukit Panjang, while …

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Mortgage Property News Real Estate

Hillion Mall: Shop, Dine, and Relax in Bukit Panjang’s Premier Destination

 

Hillion Mall is a premier shopping, dining, and relaxation destination in Bukit Panjang, Singapore. It is located in the heart of the Bukit Panjang precinct and is easily accessible by public transport. The mall features a diverse range of retail stores, restaurants, and leisure activities.

For shoppers, Hillion Mall has a wide array of shops to suit all budgets. The mall’s fashion stores include international labels such as Zara, Topshop, and Uniqlo. It also features local independent stores such as The Labels and The Store. For those who are looking for more affordable options, there are also plenty of budget stores such as Daiso and Miniso.

Food lovers can also find plenty of dining options at Hillion Mall. The mall houses a variety of restaurants, from fast food chains to fine dining establishments. Popular restaurants include Din Tai Fung and Crystal Jade La Mian Xiao Long Bao. In addition, the …

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Mortgage Property News Real Estate

Bukit Panjang Integrated Transport Hub: The Ultimate Transportation Hub

 

Bukit Panjang Integrated Transport Hub (BPITH) is the ultimate transportation hub of Singapore. It is located in the heart of the Bukit Panjang area and is connected to the Bukit Panjang LRT line and the Downtown Line. BPITH is a one-stop-shop for commuters who frequent the Bukit Panjang area, providing them with an integrated transport system that is fast, convenient and reliable.

The Bukit Panjang Integrated Transport Hub (BPITH) features an array of services that make commuting around Singapore easier. It has a wide range of transport options, from buses and trains to taxis and shuttles. The BPITH is fully integrated with the Bukit Panjang LRT line, making commuting to and from the area much easier. It also has direct access to the Downtown Line, making it easier for commuters to travel to the city centre.

The BPITH also offers a range of services that make commuting in and around …

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