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For S$103M CDL is offering for sale 62 freehold Strata industrial properties in Pasir Panjang.

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Using an expression of interest (EOI), City Developments Ltd: C09 +0.95% is selling off a portfolio of 62 freehold strata industrial units in the Citilink Warehouse Complex.

Properties like Dunman Grand and Dunman Grand Balance Unit Chart are listed at an approximate price of S$103 million, or around S$997 per square foot of available stratum space.

Block 102E has 62 apartments with floor plans ranging in size from 947.2 square feet (sq ft) to 2,884.7 sq ft, for a total stratum area of about 103,301 sq ft. Cushman & Wakefield, the complex’s sole marketing agency, said on Thursday (April 20) that the apartments accounted for around 34% of the development.

To the west of the PSA Pasir Panjang Terminals is the twin-building, eight-story Citilink Warehouse Complex. It has many tenants and is located in the “Business 1” zone of the Urban Redevelopment Authority’s Master Plan for 2019.

According to CDL’s 2022 annual report, the company’s industrial portfolio includes 62 of the 180 strata-titled apartments at Citilink. The Business Times has learned that these same flats are available for sale.

In its interim results for the half-year ended June 30, 2022, CDL reported a gain of S$27.3 million from the sale of its Tagore 23 Warehouse, a freehold warehouse in Tagore Lane.

According to Shaun Poh, executive director of capital markets at Cushman & Wakefield, the future redevelopment potential of the Citilink sites may be bolstered by the redevelopment of the present ports into the future Greater Southern Waterfront and its transformative influence.

“The potential buyer also enjoys the flexibility to exit the investment via bulk and/or individual strata sale,” he said.

The deadline to submit an EOI for the property is May 25 at 3 p.m.

According to a Colliers report from April 19th, 20.2% of investment sales in the first quarter of this year were in the industrial sector, with S$80.8 million worth of industrial properties changing hands.

According to a study published by Knight Frank on April 10th, even though industrial sales dropped 11.6% quarter on quarter during the first quarter of this year, some significant transactions were still sealed, including the sale of four sites by Cycle & Carriage to M&G Real Estate for S$333 million.

There was a slowdown in leasing activity, with the number of leases for multi-tenant factories on the whole island dropping by 1.5% between the first and second quarters of 2018 and 2017 to 1,548.

According to CBRE research from April 13th, the industrial leasing market showed strong progress in the first quarter of 2023. Renewals in industries including electronics, wholesaling, and healthcare drove business deals.

Average warehouse and factory rents increased by 2.8% and 1.8% quarter over quarter, respectively, as the industrial market continues to show broad-based growth across all categories, as reported by CBRE.

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Swire Properties of Hong Kong freehold luxury condominium Eden sold for $300 million

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SINGAPORE – Swire Characteristic of Hong Kong is marketing all 20 devices at its finished freehold high-end condo Eden, at 2 Draycott Park, in a bargain totaling up to about $300 million, The Business Times (BT) recognizes.

It is not clear exactly how the offer is being structured however the buyer (or purchasers) are claimed to hail from North Asia.

The offer is said to have actually been agented with the exclusive treaty by Sandra Yap of Huttons – in association with Savills.

Huttons decreased to comment when called by BT.

The cost exercises to around $4,900 per sq ft. All 20 houses in the project are four-bedroom devices of 3,035 sq ft, each of them inhabiting the whole floor from levels 3 to 22 of the project.

The 22-storey growth was completed in 2019. Its centers include a pool, a children’s pool, a landscaped garden, and a skies garden, so you must know about a similar property like Parc Central Residences, and know Parc Central Residences Price along with Parc Central Balance Unit.

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SengKang Grand – An integrated hub

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Sengkang Grand
Sengkang Grand Residences new launch is a 99-year leasehold property development that is collectively established by Capitaland and also City Developments Limited in Sengkang Central region in 19. Temporary Occupation Permit (TOP) is slated for 2nd half of 2022.

Layout
Resting on 401,012 Sq ft 273,847 Sq ft, Sengkang Grand Residences floor plan allows potential homeowners to select from 682 property units varying from 2-Bedroom (474 Sq ft) to 4-bedroom (1324 Sq feet) throughout 9 blocks with business areas that consist of retail shops, a community club, a hawker centre and a wide variety of transport connection for local home owners.

Facilities
The nature of Sengkang Grand Residences layout permits for a vast array of facilities for home owners to take pleasure in. From the swimming pool that allows homeowners to cool down in the warm Singapore climate to the childcare centre that moms and dads will have the choice to leave their youngsters with seasoned, specialist caregivers while at the office or on weekend breaks.

Location
Sengkang Grand Residents can conserve time and also money on grocery store shopping and also taking a trip to function. SengKang Grand will certainly be an incorporated hub with a protected link to the Buangkok MRT Station as well as for those who need to take buses, the future bus interchange will certainly additionally be straight accessible for residents, that will be able to appreciate public transport flawlessly in any way times.
For those driving, Sengkang Grand Residences provide unbelievably quick access to Central Expressway, Seletar Expressway as well as Kallang-Paya Lebar Expressway, permitting those who are driving will have the ability to obtain to their essential expressways without excessive web traffic, allowing them to reach locations such as the Central Company District (CBD), Punggol Digital District and also Seletar Aerospace Park in less than 20 mins time.

Amenities
The central location of the Sengkang Grand Residences likewise suggests that homeowners are simply a brief leave the Compass One Shopping Center, Rivervale Mall, Rivervale Plaza, Hougang 1, Hougang Shopping center and also a vast array of other buying options.

The Sengkang Central location uses parents a vast array of education choices within strolling distance such as Pei Hwa Secondary School, as well as the Sengkang Grand Residences having a child care centre inside.

Property developer
The developers of Sengkang Grand Residences comprises both City Developments Ltd (CDL) as well as CapitaLand– 2 of the biggest property developers you can locate in Singapore.Being the home builders of property development such as Jewel Changi Airport and Amber Park at East Shore, the property developers of Sengkang Grand Residences are not strangers to the sector in Singapore.