JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics

vulcanismo 7 April 2023

Sandeep Sethi has been appointed by JLL as their new Division President of Work Dynamics in the Asia Pacific region. He currently holds the portfolio of Managing Director and Head of Work Dynamics for West Asia, and the new appointment expands his responsibilities. With over 27 years of professional experience, 10 of which he has been associated with JLL, Sethi has been successful in developing deep client relationships, and growing the business to become the largest occupier agency managing over 160 million sq ft of office spaces in India, Sri Lanka, Mauritius and Bangladesh.

In his new role at JLL, Sethi will look after the North Asia market, and ensure quality of services delivered to the clients. He has also been tasked with increasing JLL’s market share in mainland China and Hong Kong. Sethi will be based in Gurgaon and will report to Susheel Koul, CEO for Work Dynamics, Asia …

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Shipyard at Benoi Road for sale at $11.3 mil

vulcanismo 4 April 2023

The sale of a 500,000 sq ft shipyard at 1 Benoi Road has been launched via an expression of interest (EOI) exercise at a guide price of $11.3 million. Located at the junction of Benoi Road and Pioneer Road, within Jurong Industrial Estate, the property is suitable for shipbuilding, ship or vessel repair and maintenance. It features a two-storey office block with a single-storey annexe office, three blocks of single-storey workshop, a mould loft building, a fabrication workshop and wharf.

The location provides excellent access to major expressways and is only a five-minute drive away from Joo Koon MRT Station.

Isabel It, associate division director of Huttons Asia, says the plot is regular in shape with a corner frontage of about 255m on Benoi Road and Pioneer Road and an average plot depth of about 213m. The land is generally at an access-road level with a flat contour and to …

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GuocoLand sole bidder for Lentor Gardens GLS site at $985 psf ppr

vulcanismo 4 April 2023

The tender for a 99-year leasehold residential government land sale (GLS) site at Lentor Gardens saw GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group) joint venture partners submitting a $486.8 million bid, translating to a land rate of $985 psf per plot ratio (psf ppr).

Mark Yip, CEO of Huttons Asia, noted that the bid was the lowest for a land parcel in the Lentor precinct. This was the first residential GLS tender to see only one bid since the Silat Avenue GLS site in 2018, which was won for $1.035 billion by a consortium led by UOL Group.

The last two residential GLS sites offered in the Lentor area were Lentor Central and Lentor Hill (Parcel B). Lentor Central was awarded to a consortium comprising China Communications Construction, Soilbuild Group Holdings and United Engineers with a $481.03 million bid ($1,108 psf ppr). The top bidder for Lentor …

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The Myst Condo by City Developments Limited 798 and 800 Upper Bukit Timah Road Near Hillion Mall

vulcanismo 30 March 2023

CDL Aries, a subsidiary of one of Singapore’s largest non-government-controlled developers, has acquired the rights to two contiguous lots at 798 and 800 Upper Bukit Timah Road in northwest Singapore’s Tan Chong industrial park. The Myst Aries CDL is a 16620 square metre (178,900 square foot) development, has been zoned for residential use and is allowed a plot ratio of 2.1, meaning a potential high rise of up to 24 storeys can be built on the prime plot. Strategically located at the heart of Bukit Panjang and Cashew, The Myst CDL is ready to provide an exceptional living experience for its residents.

In recent years, the city-state has been seeking to revitalize the Bukit Timah locality through a range of development initiatives that seek to upgrade connectivity and introduce more green areas to the district. Among these is a proposed Railway Corridor transformation near The Myst Condo, likely to convert …

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CDL Real Estate Developer for Property Development in Singapore

vulcanismo 30 March 2023

City Developments Limited (CDL) is a leading real estate developer based in Singapore. The company has been in the business for over 50 years and has established itself as a prominent player in the industry. CDL is involved in various aspects of real estate development, including property development, investment, and management. The company has a global presence, with projects in Asia, Europe, and North America.

History

CDL was founded in 1963 by Kwek Hong Png, who remains the company’s executive chairman. The company’s first project was a small apartment complex in Singapore’s Upper Serangoon area. In the early years, CDL focused on residential and commercial property development in Singapore. In the 1970s, the company expanded into the hospitality industry, with the acquisition of the Orchard Hotel in Singapore.

Over the years, CDL has grown to become one of Singapore’s largest and most successful real estate developers. The company’s portfolio includes …

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Why Bukit Timah Could Be The Best Place to Stay in Singapore

vulcanismo 30 March 2023

Bukit Timah is a serene and affluent residential area located in the central region of Singapore. It is one of the most sought-after locations for both locals and expats due to its quiet and peaceful atmosphere, numerous amenities, and great accessibility. In this article, we will explore why Bukit Timah could be the best place to stay in Singapore.

Serene and Peaceful Environment

Bukit Timah is known for its lush greenery, nature reserves, and parks, making it a haven for nature lovers. The area boasts of several nature reserves such as Bukit Timah Nature Reserve and Dairy Farm Nature Park, which provide residents with the opportunity to explore and enjoy nature. Additionally, the quiet and peaceful atmosphere in Bukit Timah is perfect for families and individuals looking for a tranquil environment to call home.

Accessibility

Bukit Timah is conveniently located, making it easy for residents to travel to different parts …

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Why Buyers Are Now Keeping a Close Lookout for Bukit Panjang Properties

vulcanismo 30 March 2023

Bukit Panjang is a mature town located in the north-western region of Singapore. Over the years, it has seen a significant transformation and has become a highly sought-after location for property buyers. In this essay, I will explain why buyers are now keeping a close lookout for Bukit Panjang properties.

  1. Excellent connectivity Bukit Panjang boasts of excellent connectivity to other parts of Singapore. The Downtown Line (DTL) and the Bukit Panjang LRT provide easy access to the city and other parts of the island. The upcoming Jurong Region Line (JRL) will also connect Bukit Panjang to Jurong East, making it even more accessible. Additionally, Bukit Panjang is situated near major expressways, making it easy for residents to travel by car.
  2. Beautiful natural surroundings Bukit Panjang is surrounded by lush greenery and nature parks. The Bukit Timah Nature Reserve, Dairy Farm Nature Park, and Bukit Batok Nature Park are all within
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