Month: September 2024

Accor, a well-known global hospitality brand, has recently declared the launch of their new property, Novotel Nara, located in Nara, Japan. Boasting a total of 264 rooms, the hotel is conveniently situated only an eight-minute walk from Shin-Omiya Station and a five-minute cab ride from Nara Station. Guests will find themselves in close proximity to the Todai-ji Temple and Kasuga Taisha Shrine, both of which are designated as Unesco World Heritage sites. For travelers looking to explore beyond Nara, the city is just a short train ride away from popular destinations such as Kyoto and Osaka, approximately 35 to 40 minutes.

The eighth floor of Novotel Nara offers a spectacular rooftop terrace, perfect for guests to relax and enjoy the city skyline. Additionally, the hotel has a comfortable lounge area and a dining restaurant that serves delicious meals throughout the day. For business travelers, the hotel offers conference facilities, two …

According to a recent report by real estate firm Savills, Singapore ranked fourth in terms of leasing activity for the legal sector among Asia Pacific cities during the first half of 2024. This was behind Shanghai, Beijing, and Hong Kong.

Ashley Swan, Executive Director of Commercial at Savills Singapore, notes that legal firms in Singapore have been fairly active in a stable leasing market. Some firms have taken up new premises and adopted a refreshed way of working to attract and retain talent.

Globally, Singapore ranked 11th with New York topping the list, leasing out 1.4 million square feet of space to legal firms in the first half of the year. This accounted for more than half of the 4.3 million square feet leased by the world’s 15 largest legal markets.

Savills also highlights that US cities dominated the global legal leasing activity, accounting for 69% of the total market. …

A corner HDB shophouse located at Block 177 Toa Payoh Central has been listed for sale with a guide price of $5.88 million through an expression of interest (EOI) exercise. This two-storey shophouse boasts a prime location in the bustling Toa Payoh Central and comes with a 78-year leasehold tenure, with 46 years remaining.

The ground floor of the shophouse spans over 635 sq ft while the residential unit on the upper level measures 710 sq ft. Its double frontage of 8.3m and corner unit status offers flexibility and potential for maximizing rental income through further subdivision or alternative use with relevant authority approvals. This was stated by Sammi Lim, the founder and executive director of Brilliance Capital, who is the sole marketing agent for the property.

The guide price works out to be $5.88 million, and the shophouse is currently surrounded by HDB housing estates. The area is well …

The decision to invest in a condo in Singapore has gained momentum among not only local but also foreign investors thanks to the strong economy, stable politics, and exceptional quality of life in the city-state. With a thriving real estate market, there are plenty of opportunities available, and among them, condos are the most sought after due to their convenience, facilities, and promising returns. In this article, we will delve into the advantages, factors to consider, and key steps to take when purchasing a condo in Singapore, as well as explore the latest new condo launches.

The entire 6,867 square feet of the sixth floor of Tong Building on Orchard Road has been sold for $31.33 million, as evidenced by a caveat lodged on September 3rd. This translates to a unit price of $4,562 per square foot, which is the highest recorded for an office space in the prime …

A caveat on September 3 revealed that the entire sixth floor of Tong Building on Orchard Road was sold for $31.33 million. This sale sets a new record for the highest price per square foot (psf) for an office space in the prime districts. The unit occupies a total area of 6,867 sq ft, translating to a unit price of $4,562 psf.

The deal was brokered by Yap Hui Yee, Executive Director of Investment Sales and Capital Markets at Savills Singapore. Tong Building, a 19-storey, freehold strata office building located at the corner of prime Orchard Road and Mount Elizabeth, was built in 1978 by TG Development. Its strategic location, next to Paragon shopping mall and in close proximity to Mount Elizabeth Hospital and Medical Centre, adds to its appeal.

When contemplating an investment in a Singapore Condo, it is crucial to also evaluate its potential rental yield. This …

Hi,8M Real Estate, a Singapore-based real estate investment firm, has recently acquired Sceneca Square, the retail podium of Sceneca Residence in the east region. The purchase price for the property, located at Tanah Merah Kechil Link, is $64 million, amounting to $3,161 per square foot based on the net lettable area of 1,881 sqm (20,247 sq ft). The deal was brokered by Sakal Real Estate Partners.

This purchase marks a change in strategy for 8M Real Estate, which has focused solely on investing in shophouses in the prime CBD area for the past ten years since its establishment in 2014. Under the leadership of former CEO and founder Ashish Manchharam, the company has made over 30 investments in shophouses, encompassing 72 shop lots and totaling more than $1.3 billion in assets under management.

Manchharam left 8M in October 2023, selling his stake in the company to existing partner Crane Capital, …

After 14 years, the tranquil and lush community of Pine Grove welcomed a new development, Pinetree Hill, set to debut in July 2023. The luxury condominium, a joint venture between UOL Group (UOL) and Singapore Land Group (SingLand), has significantly raised the capital values in District 21.

Comprising of 520 units spread over three high-rise residential towers, this 99-year leasehold project offers a diverse range of unit types, from a 538 sq ft one-bedroom-plus-study to a 2,874 sq ft five-bedroom penthouse, to cater to different lifestyles. The project has already sold 63% of the 400 units released in Phase 1 at an average price of $2,430 psf. With construction in progress, the on-site sales gallery has been closed, and a new one has been erected on Holland Road.

A new phase of 120 premium units under Phase 2 is now launching at Pinetree Hill, mainly high-floor units across all unit …