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On Sept 23, Marriott International announced the opening of two luxurious serviced apartments in the bustling city of Bangkok, Thailand. The properties, known as the Marriott Executive Apartments Bangkok Sukhumvit 101 and Marriott Executive Apartments Bangkok Sukhumvit 50, offer a total of 212 stylish and well-appointed rooms.

Nestled in the vibrant South Sukhumvit business district, the Marriott Executive Apartments Bangkok Sukhumvit 101 is in close proximity to popular attractions including the Bangkok International Trade and Exhibition Centre and True Digital Park, the largest technology and start-up hub in Southeast Asia. The property features a variety of accommodation options, ranging from studios (377 sq ft to 420 sq ft) to one-bedroom suites (484 to 592 sq ft) and two-bedroom apartments (767 sq ft to 1,087 sq ft).

Meanwhile, the Marriott Executive Apartments Bangkok Sukhumvit 50, located only 800m from On Nut train station, boasts 72 elegant apartments that offer studio rooms …

In the third quarter of 2024, the gross effective rent for Grade A offices in the central business district (CBD) remained steady at $11.50 per square foot per month (psf pm), according to recent data from JLL released on September 23. This is following a 0.7% quarter-on-quarter (q-o-q) growth in the second quarter of 2024, a slowdown from the 1.4% q-o-q growth in the first quarter.

This plateau in rental growth coincides with a second consecutive quarter of rising vacancy rates for Grade A offices in the CBD, reaching 8.3% q-o-q in the third quarter of 2024. This increase is mainly due to the recent completion of the IOI Central Boulevard Towers (IOICBT). JLL reports that tenants are becoming increasingly resistant to rent increases amidst this rise in vacancy rates. Excluding the IOICBT, the CBD Grade A vacancy rate would have remained relatively tight, similar to the low point of …

The affluent of Singapore have long relied on real estate as a means of accumulating wealth. With its steady value appreciation and thriving market, Singapore’s real estate sector has consistently attracted investors looking for stable returns on both commercial and residential properties. While real estate remains a cornerstone of wealth-building, savvy investors are now turning to alternative assets like equities and cryptocurrencies to complement their property holdings and diversify their portfolios.

Brokerage firms such as Tiger Brokers play a crucial role in this strategy by providing access to a range of financial instruments that can enhance real estate investments, offering investors a more dynamic and balanced approach to wealth management.

The enduring appeal of real estate in Singapore is largely due to its reliability as a long-term investment for wealth preservation. The country’s tightly regulated property market offers transparency and protection for investors, making it a trusted and stable asset …

A strata office unit at Havelock II, with a strata area of 1,593 square feet, will soon be up for auction by SRI on September 25. This unit, located at 2 Havelock Road, is an owner’s sale and has been listed with a guide price of $2.63 million. This translates to a price of $1,651 per square foot (psf), which includes an accessory lot of 11 sq ft.

Situated on the seventh floor, this corner unit boasts a regular layout and comes with meeting rooms, a washroom, and a general work area. According to Mok Sze Sze, managing partner of auctions at SRI, the unit receives an ample amount of natural light and is also equipped with an independent air-conditioning system.

The unit was purchased from the developer in September 2014 for about $3.35 million, which works out to be around $2,115 psf. This is according to URA caveats.

Currently …

Amber 45, a freehold development, has topped the list of condos that have hit a new psf-price peak in the period between Aug 30 and Sept 8. According to URA caveats, the seller of the three-bedroom apartment purchased the unit from the developer in May 2018 for $2.72 million. The sale of the unit for $3.35 million on Sept 2, marked a new high of $2,829 psf and the first time a unit at Amber 45 was sold for more than $2,800 psf.

Amber 45, located at 45 Amber Road in District 15, is a 139-unit development that was completed in 2021. It consists of a 21-storey residential tower offering a mix of two- to four-bedroom apartments. The unit sizes range from 614 sq ft for a two-bedroom unit, 1,130 sq ft for a three-bedroom unit, and 1,345 sq ft for a four-bedroom unit. There are also 20 four-bedroom premium …

One Tree Hill Collection up for sale at from $2,825 psfHDB resale volume up 127.3% in August after new grants launchIn this week’s issue: Pandemic-price resilience of 3- and 4-room HDB flats in prime districts; Pee-approved sites in Kovan and Jalan Besar; Landmark $51 mil offer for Katong Park Towers; Opportunities overseas; Experiential retail and the future of malls

Amber 45, a freehold development, has set a new record of $2,829 psf for its unit. In the period between Aug 30 and Sept 8, it topped the list of condos that hit a new psf-price peak. On Sept 2, a 1,184 sq ft, three-bedroom unit on the sixth floor was sold for $3.35 million, marking the first time a unit at Amber 45 was sold for more than $2,800 psf. The previous record was set in Dec 2020 when a 700 sq ft, two-bedroom unit on the 19th floor was …

ROM for Amber Park showflat this weekendMortgagee sale at Silversea yields 17% profit Roughly 2 years since its completion, Amber 45, a 139-unit freehold development at 45 Amber Road in District 15, has made a breakthrough in the market, topping the list of condos that hit a new peak in psf price. During the period between Aug 30 and Sept 8, a 1,184 sq ft, three-bedroom unit on the sixth floor was sold for a notable $3.35 million, translating to a record-breaking $2,829 psf.

It marks the first time a unit at Amber 45 has been sold for more than $2,800 psf, surpassing the previous high of $2,791 psf last December when a 700 sq ft, two-bedroom apartment on the 19th floor was sold for around $1.95 million.

Completed in 2021, Amber 45 has recorded 4 resale transactions this year, with an average price of $2,723 psf. Last year, there …

A single bid of $120.09 million or $461 psf per plot ratio (ppr) was received for the residential site at Media Circle, which closed on September 19. The bid was submitted by a consortium led by property group Frasers Property, with Padawan MC and Empire One North Property. The site, located within District 5 of one-north, is zoned for long-stay serviced apartments with commercial use on the first storey. Spanning 62,046 sq ft, it has a maximum gross floor area of 260,605 sq ft and a 60-year lease. The site is expected to yield 520 units.

This is the first GLS residential site released for sale that is fully zoned for long-stay serviced apartments. It is strategically located near Mediapolis, the headquarters of Mediacorp, as well as the headquarters of companies like Grab, Razer, and Equinix data centre. It is also in close proximity to renowned schools such as Tanglin …

The bidding for the government land sales (GLS) tender for a mixed-use site at Tampines Street 94 has come to a close on September 19, with a total of six bids submitted. The highest bid of $668.28 million, or $1,004 per square foot per plot ratio (psf ppr), was put forward by a joint venture between Hoi Hup Realty and Sunway Developments.

This 99-year leasehold site spans a generous land area of 252,989 square feet and has a maximum gross floor area of 665,366 square feet. According to estimates by the Urban Redevelopment Authority (URA), the site has the potential to yield approximately 585 residential units.

The winning bid, which translates to $1,004 psf ppr, is only 1.9% higher than the next best bid of $985 psf ppr submitted by Sing Holdings Residential. This makes it the most highly contested non-Executive Condominium (EC) site since the Clementi Avenue 1 residential …

is to provide seamless alternative modes of transport: RedasPaper-filing phase-out to begin for construction permit applications with LTA

The Land Transport Authority (LTA) has announced plans to develop an AI chatbot that will assist developers and appointed contractors in adhering to regulatory requirements. This announcement was made by Minister of Transport Chee Hong Tat at the Real Estate Developers’ Association of Singapore (REDAS) mid-autumn lunch on Sept 17, where Chee was the guest of honour.

The move is part of the government’s ongoing review of existing regulations and procedures for road and building works approvals. The AI chatbot is designed to help developers and contractors verify the relevant LTA regulations for their development proposals, eliminating the need for them to manually search for information online. Chee stated that the chatbot will provide customized advice to industry professionals as they develop their proposals.

Currently in development, LTA will engage with the …