Categories
Uncategorized

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

The manager of CapitaLand Ascendas REIT (CLAR) has announced the divestment of Singapore industrial building KA Place for a consideration of $35.38 million. According to an April 20 filing, the REIT’s trustee, HSBC Institutional Trust Services (Singapore), has entered into a sale and purchase agreement to sell KA Place to KA Place SPV 1.

This consideration sum represents a 219% premium to the REIT’s purchase price of $11.1 million, back in March 2005. Moreover, it was a 55% premium to the property’s market valuation of $22.8 million as at December 31, 2022.

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

The decision to divest KA Place was made in line with the manager’s …

Categories
Uncategorized

Ascott targets to double fee revenue to over $500 mil in next five years

The Ascott Limited, the lodging business unit of Luminar Grand CapitaLand Investment’s (CLI), has achieved its target of 160,000 units and is now looking to double its fee revenue to over $500 million in the Marina Gardens Condo next five years. Ascott has recorded its highest earnings on record of $258 million in FY2022, a 36% y-o-y growth due to its record signings and property openings.

In an announcement, Ascott stated it plans to keep expanding its product offerings that include serviced residence, hotel, co-living, and senior living brands, positioned from mid to luxury scale. The aim is to drive fee revenue growth through new property openings and new signings with an estimated annual net room growth rate of 8%-10% in the next five years.

Kevin Goh, CEO of Ascott and CLI Lodging, proudly said that Ascott was able to double its units every five years from about 20,000 units …

Categories
Mortgage Property News Real Estate

Altura EC at Bukit Batok 99 Years Leasehold Executive Condominium

Estimated read time 17 min read

Bukit Batok Town which Altura EC is located in the western part of Singapore, is a vibrant residential area blessed with lush greenery, excellent connectivity and modern facilities. These features makes Altura EC at Bukit Batok Town the perfect place to live and work, offering a wide range of amenities to suit the diverse needs of its residents.

HDB has launched a public tender for the new Altura EC executive condominium in the heart of Bukit Batok Town. With a 99-year lease, this development is expected to consist of 375 residential units. All bidders have until 12 noon on 8 March 2022 to submit their bids and the successful tenderer will be allowed to begin the property assessment process immediately. Altura EC is the perfect opportunity for those searching for a new home in the vibrant community of Bukit Batok.

Positioned at the eastern side of Bukit Batok West Avenue, …

Categories
Mortgage Property News Real Estate

Easy Commuting: Exploring the Transportation Options in Bukit Panjang, from the Downtown Line to Public Transport

Bukit Panjang is a relatively new town located in the North-West of Singapore and is part of the North West Community Development Council. The town is served by the Downtown Line and provides a wide range of transportation options for its residents.

Public Marina Gardens Condo transport is the most popular way to get around Bukit Panjang. The Downtown Line connects Bukit Panjang with the central business district as well as other areas of Singapore. The line runs through Bukit Panjang MRT station, which is the main transit hub for the town. The station provides easy access to the rest of Singapore, including the Changi Airport, Jurong East, and the Orchard Road shopping district.

Bus services are also available in Bukit Panjang. The Bukit Panjang Bus Interchange provides access to the North-West, North-East and Central areas of Singapore. The bus services are efficient and reliable, with buses arriving at their …

Categories
Mortgage Property News Real Estate

Education Excellence: An Overview of the Top Schools Available in Bukit Panjang

Education Excellence in Bukit Panjang is a highly sought-after goal for parents and students alike. The area is home to some of the best schools in Singapore, providing quality education and a wide range of specialized programs and activities. Bukit Panjang is known for its excellent education system and as such, the best schools in the area are highly sought after and have top-notch reputations.

The Bukit Panjang area is home to several excellent schools, including the Bukit Panjang Primary School, Bukit Panjang Secondary School, and Bukit Panjang Junior College. All of these schools are renowned for their strong academics and extra-curricular activities. The Bukit Panjang Primary School, for example, offers a comprehensive Primary School curriculum, while the Bukit Panjang Secondary School offers students a wide variety of subject choices and activities. Both schools also have a range of extracurricular activities, such as sports, art, music, and drama.

The Bukit …

Categories
Mortgage Property News Real Estate

Seamless Connectivity: The Advantages of Living in Bukit Panjang’s Integrated Transport Hub

Seamless connectivity is an increasingly important aspect of modern life. This is especially true in Bukit Panjang, a town in Singapore that has become a model for integrated transport hubs. By leveraging the latest technologies and transportation infrastructure, Bukit Panjang has created a seamless transport experience that gives residents easy access to the rest of the city.

The integration of transportation systems in Bukit Panjang has created a number of advantages for residents. For one, the transportation hub allows for easy and efficient travel between different parts of the city. The Bukit Panjang MRT station is connected to the light rail transit system, buses, and taxis, allowing for easy access to the rest of Singapore. This makes it easy for residents to quickly get to their destination without having to take multiple modes of transportation.

The integrated transport hub also provides residents with access to a variety of amenities. The …

Categories
Mortgage Property News Real Estate

Exploring the Role of Sustainable Design in Real Estate Development: An Examination of the Environmental and Economic Benefits

In the current era of climate change, sustainable design is becoming increasingly important in real estate development. Sustainable design is a methodology that focuses on reducing the environmental impacts of buildings and other structures by utilizing energy-efficient building materials, renewable energy sources, and water conservation measures. This type of design also seeks to reduce the economic impacts of development by providing cost savings through the use of renewable energy sources, improved environmental performance, and reduced materials costs.

The benefits of sustainable design in real estate development are numerous. From an environmental perspective, sustainable design can help reduce the impacts of development on natural ecosystems and the environment by using more energy-efficient building materials and utilizing renewable energy sources. This type of design also helps reduce the amount of waste generated during construction and the amount of energy consumed during the use of the structure. Additionally, sustainable design can help reduce …

Categories
Mortgage Property News Real Estate

The Changing Landscape of Real Estate: How Technology is Disrupting the Industry

In recent years, the real estate industry has seen a radical shift in the way it operates due to the influence of technology. The traditional process of buying and selling properties has been completely disrupted, with the emergence of online marketplaces, virtual tours, and other digital platforms. Technology has transformed the way buyers and sellers interact, allowing them to access more information, communicate more effectively, and transact more easily.

One of the most important changes to the real estate industry has been the emergence of online marketplaces. These platforms allow buyers and sellers to easily connect and conduct transactions with each other, often without ever meeting in person. This has significantly reduced the cost and time associated with the traditional process of buying and selling property, as well as increased the number of potential buyers and sellers. Furthermore, these platforms often provide buyers and sellers with a wealth of information …

Categories
Mortgage Property News Real Estate

Navigating the Complexities of Real Estate Investment: A Comprehensive Guide for Prospective Investors

Navigating the complexities of real estate investment can be a daunting task for prospective investors. The process involves numerous legal and financial considerations, and the risks associated with investing in real estate can be significant. However, with the right information and guidance, anyone can become a successful real estate investor. This comprehensive guide will provide an overview of the key steps involved in real estate investment, and offer tips on how to make the most of your investments.

First, you will need to develop an investment strategy. This should include a detailed plan of action that outlines your goals and objectives, as well as the type of property you’re looking to purchase, such as residential or commercial. You should also consider the location, budget, and timeline of your investment, and identify the potential risks and rewards associated with the property.

Once you have developed a strategy, you will need to …