The manager of CapitaLand Ascendas REIT (CLAR) has announced the divestment of Singapore industrial building KA Luminar Grand Place for a consideration of $35.38 million. Following 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.

The consideration sum represents an impressive 219% premium to CLAR’s purchase price of $11.1 million in March 2005 and a 55% premium to the property’s market valuation of $22.8 million as at Dec 31, 2022. KA Place at 159 Kampong Ampat is a seven-storey high-specification industrial building with a carpark on the second storey and a total gross floor area of 10,163 sq m. It also has a remaining land lease tenure of about 35 years.

According to CLAR’s manager, the proposed divestment is in line with their proactive asset management strategy to improve the …

The Ascott Limited, the lodging business unit of CapitaLand Investment’s (CLI), has announced its ambitious target to double its fee revenue to over $500 million in the next five years. This target is pegged to FY2022’s base of $258 million, which the company has earned record fees from. Furthermore, with a 36% year-on-year growth in FY2022, Ascott is confident it will be able to hit the 160,000 units mark by 2023.

Ascott has also reported positive signs in the first quarter of FY2023 with the signing of over 4,000 units. The business plan to further expand its portfolio of serviced residence, hotel, co-living, and senior living brands, targeting a net room growth rate of somewhere between 8%-10% a year.

As CEO of Ascott and CLI Lodging, Kevin Goh stressed the importance of strategically securing management and franchise contracts for well-placed prime properties. He said: “We are now seeing the positive …

The Cashew Estate at The Myst offers an irresistibly charming rural atmosphere, of which its Rail Corridor is a key feature. This idyllic stretch of nature is a desirable destination for nature lovers, cyclists, and joggers, beginning at the former Tanjong Pagar Railway Station, and concluding at the Kranji MRT Station. To learn more about the Corridor, and obtain a map, prospective dwellers should take a look at the upcoming projects: The Reserve Residences at Beauty World, and The Botany at Dairy Farm.

Both of these developments near to The Myst provide direct access to the Rail Corridor. What’s more, the Bukit Timah Nature Reserve is just a short distance away, allowing residents to enjoy even more of the area’s natural beauty. By living in the Cashew Estate, it is possible to benefit from a perfect balance of indoor and outdoor living, surrounded by calming green spaces and majestic vistas.…

Living near the Bukit Panjang Integrated Transport Hub (BPIH) has many advantages and benefits. This transport hub, located in Singapore, provides access to a wide range of transport options, making it an ideal place to live for commuters and those who need to get around quickly.

The most obvious advantage of living near BPIH is the ease of access to public transport. Residents living in the area have access to buses, the Downtown Line, and the upcoming Jurong Region Line, making it easy to get around the city. The hub is also connected to the Bukit Panjang LRT, giving residents access to the surrounding neighbourhoods. Moreover, there is also a shuttle service from BPIH to the nearby Bukit Panjang Bus Interchange, making it even more convenient for commuters.

Another benefit of living near BPIH is its proximity to other amenities. The integrated transport hub is located close to several shopping …

Bukit Panjang, a small suburb in Singapore, is a great area for property investors. With its close proximity to the Central Business District, Bukit Panjang is a desirable place to live and work. The town has a wide array of housing options, from condominiums to landed properties, making it an attractive option for both residential and commercial investment opportunities.

When considering investment opportunities in Bukit Panjang, it is important for investors to conduct a profitability check in order to determine the best options for their particular needs. This includes analyzing the current market conditions, the potential for future appreciation, the cost of maintenance and repairs, and the potential for rental income.

Market conditions in Bukit Panjang are generally favorable. The area is experiencing steady growth in population and employment, and the local economy is strong. This is due to its proximity to the Central Business District, and the presence of …

Singapore real estate investing is rapidly gaining in popularity due to its strong economic growth, low taxes, and favorable legal environment. Singapore is one of the most attractive markets for foreign real estate investors, offering a variety of projects ranging from residential, commercial, and industrial. It is important for investors to do their due diligence in order Marina Gardens Condo to identify the most promising projects and maximize their return on investment.

When it comes to investing in Singapore real estate, the key considerations are location, financing options, and the project’s potential for appreciation. Location is one of the most important factors when it comes to real estate investments, as prices tend to be higher in areas with high demand and accessibility. Investors should also research financing options available, such as loans, mortgages, and government grants. These can help reduce the overall cost of the investment and improve the return …

Bukit Timah Condos are the perfect option for parents seeking homes near top schools. Located in the heart of Singapore, Bukit Timah is at the centre of many prestigious educational institutions, from primary to university.

The vicinity of Bukit Timah is home to many top international schools such as the United World College of South East Asia, the German European School and the Japanese School. The area is also in close proximity to some of the most highly regarded primary schools in Singapore, including Methodist Girls’ School, Nanyang Primary School and National Junior College.

Bukit Timah Condos are an ideal choice for parents wanting to provide their children with a safe and secure environment. The condos are equipped with top-notch security systems, CCTV surveillance and a 24-hour concierge service. This ensures that the safety and security of both adults and children are always taken seriously.

The area also boasts of …

In recent years, real estate investments in Western Singapore have become increasingly popular. With its strategic location, diverse amenities and expanding infrastructure, Western Singapore is an attractive option for investors looking to maximize returns. In this article, we will explore the potential of up-and-coming real estate projects in Western Singapore, and how investors can maximize their returns.

One of the key benefits Marina Gardens Condo of investing in real estate projects in Western Singapore is the availability of affordable housing. The area is home to a variety of properties, ranging from high-end condominiums to affordable HDB flats. By investing in these properties, investors can receive high returns while also helping to meet the housing needs of the local population. Additionally, the area is well-connected to the rest of the country via public transportation, giving investors easy access to the city centre as well as other parts of the country.

In …