Category: Property News
The Myst CDL at Beauty World MRT Station with Full and Modern Amenities Downtown Line
The Myst CDL of the forest has been designed to create an atmosphere of luxury and comfort for its residents. Equipped with modern amenities and facilities, such as a swimming pool, gym, tennis court, and a clubhouse, the condominium is a perfect spot to relax and take in the views of the surrounding nature. The sky garden is an added bonus, providing the perfect spot for residents to enjoy various activities, including biking, hiking, bird-watching, and fishing.
Beauty World MRT Station (DT5) offers convenient access to Bukit Timah Primary School, Pei Hwa Presbyterian Primary School, and DIMENSIONS International College (Bukit Timah Campus). It is a great mode of transportation for those travelling to and from these nearby institutes. Residents can also enjoy a variety of activities such as biking, hiking, bird-watching, and fishing.
The Downtown Line (DTL) is a revolutionary addition to Singapore’s public transit network. The fifth MRT line brings greater connectivity to parts of the country that were previously not served, such as Bukit Panjang, Bukit Timah, and Bedok Reservoir, with its 34 stations. Commuters benefit from the DTL’s convenience, as it connects people from all over the city, providing streamlined access to the downtown core. Those residing in the Bukit Panjang to Bukit Timah district now have the advantage of travelling up to 30% faster. In addition, the route available for commuters in the east has been made more efficient, resulting in fewer bus trips and shorter travel times.
Located in a rural setting, the Cashew Estate offers a tranquil and peaceful atmosphere. The main attraction of the area is the Rail Corridor, a recreation destination for those who love the outdoors; it is frequented by walkers, cyclists, and joggers. Part of the Corridor extends from the disused Tanjong Pagar Railway station to the Kranji MRT station. For further information, visit the upcoming projects, The Reserve Residences at Beauty World and The Botany at Dairy Farm; both offer direct access to the Rail Corridor. Also within short reach of the Cashew Estate is the Bukit Timah Nature Reserve, enabling its residents to embrace nature. Living in the Cashew Estate is the epitome of outdoor-indoor living; it is surrounded by natural beauty and serene green spaces, providing occupants with a wonderful harmony of nature.
Positioned close to The Myst Condo at Bukit Panjang, Zhenghua Nature Park forms a green shield for the Central Catchment Nature Reserve. Adventurous exploring can be experienced by either walking or biking the routes with a mixture of both tough and easy trails. An ideal spot for bird-watchers, the park is also home to numerous species of squirrels, monitor lizards, and long-tail macaques.
Situated in the central area of Bukit Panjang, Singapore, The Myst Condo provides convenience to its occupants with its proximity to Bukit Panjang Integrated Transport Hub and Hillion Mall. The distance is so short that it can be reached on foot, allowing people to seamlessly access public transport or do their shopping and dining at the mall. The Myst Condo’s strategic location and available amenities make it the perfect place for anyone who desires convenience and comfort.
The Myst Condo by CDL is an ideal spot for being immersed in nature and its wonders. Situated near several nature reserves and parks, it is a mere walking distance away from the Singapore Botanic Gardens and the famed Bukit Timah Nature Reserve. Outdoor activities such as hiking, biking, and bird watching are made available for residents to explore and appreciate nature’s beautiful offerings. Live the experience of nature up close and personal at The Myst Condo by CDL.
Newton MRT (DT10) is located close to Anglo Chinese School (Barker Road). It is a convenient transport link for students and visitors of the school. The station provides direct access to the city areas such as Orchard Road and Marina Bay, as well as other suburban areas. It has been an important transport hub for decades and continues to be well-utilized by commuters today. For those who prefer to drive, there are also parking facilities at the station. With its convenient location and ample amenities, Newton MRT (DT10) makes travelling to and from Anglo Chinese School (Barker Road) a breeze.
Tan Kah Kee MRT Station (DT8) is located near a number of notable educational institutions, including National Junior College, Hwa Chong Institution, Hwa Chong International School, and Raffles Girls’ Primary School. These establishments are just some of the many prestigious establishments near the station.
King Albert Park MRT (OTC) station serves as a main transport hub for the Methodist Girls’ School (Primary and Secondary), Hollandse School, Swiss School, and Singapore Korean International School. The station provides easy access for students and staff to commute to and from the premises. Furthermore, it provides a convenient connection for residents who live in the surrounding residential areas and anyone travelling in the vicinity.
The Myst former Tan Chong Industrial Park offers an array of enticements for eco-minded occupants. Its savvy configuration and resourceful use of materials render it undoubtedly among the most eco-friendly residences in the neighbourhood. Smart, green features make this residential space a standout and a great choice for those who value sustainability.
The Myst Condo is ideally situated close to many medical facilities, including the Bukit Panjang Polyclinic, which is a mere stone’s throw away. This polyclinic provides a range of healthcare services. People living in the vicinity also have convenient access to the National University Hospital, the Sengkang Clinic, and the Tan Tock Seng Hospital. Furthermore, the grounds are equipped with a number of green walls, which act as attractive and natural insulators for the homes. These walls also help to provide a pleasant and peaceful atmosphere for residents to enjoy.
The Myst development offers an array of sustainable landscaping features. A rooftop garden provides a tranquil escape from the hustle and bustle of city life, with lush vegetation creating a peaceful atmosphere. Rainwater harvesting systems are installed to reduce water consumption and conserve resources. Furthermore, green walls act as insulators for the homes and create a pleasant aesthetic. Thus, the Myst provides its residents with a beautiful and sustainable environment to enjoy.
Located in the heart of Bukit Panjang, the Bukit Panjang Integrated Transport Hub is the 9th Integrated Transport Hub in Singapore. It enjoys the added convenience of being connected to the nearby Hillion Mall. Being situated in such a convenient location means that there are several educational facilities that are within easy walking distance for those that reside at The Myst Condo. Not only does it have the De La Salle School, but there are also several international schools in the vicinity to choose from. This makes The Myst Condo perfect for those with young children.
The Myst CDL at Bukit Panjang is a luxurious residential property that offers an unparalleled commitment to providing sustainable and green living. Situated in a vibrant metropolis such as Singapore, the property is a perfect blend of urban excitement and peaceful, lush surroundings, enabling its inhabitants to take pleasure in the best of both worlds.
The prime spot of The Myst offers City Developments Ltd the opportunity to deliver extraordinary amenities for these properties. Being perfectly situated, the company is inclined to provide exclusive benefits for the properties in this area.
In recent years, the city-state has been looking to bring new life to the Bukit Timah area with multiple projects to improve connectivity and introduce more green spaces in the community. Such plans include the Railway Corridor scheme close to The Myst Condo, which will transform the existing railway tracks into a communal area, and the Beauty World regeneration plan that targets the creation of a green urban village.
The Myst Condo is situated close to several parks and recreational areas, such as Bukit Panjang Park, Chestnut Nature Park and Zhenghua Park. There are plenty of walking/cycling paths for those looking for some outdoors time, as well as playgrounds and other recreational amenities. Moreover, Bukit Panjang Swimming Complex, featuring an Olympic-size pool, is also within reach for the residents.
The Myst Condo by CDL is an iconic residential complex situated in the heart of Bukit Timah, Singapore. Nestled among lush greenery and nature reserves, it is the perfect haven to escape the hustle and bustle of the city. Easily accessible via Upper Bukit Timah Road, this luxury development offers the ideal balance between nature and modern city living.
The Myst Condominium, a new development brought to you by City Developments Limited (CDL Aries), is located conveniently at the heart of Bukit Panjang and Cashew. CDL Aries, a subsidiary of the biggest non-government controlled developer in Singapore, has been granted the rights to two adjacent plots at 798 and 800 Upper Bukit Timah Road, which is situated in the Tan Chong industrial park of the northwest section of the city-state. Spanning over 16,620 square metres (178,900 square feet), the property is zoned for residential use with a plot ratio of 2.1, allowing the developer to build up to 24 levels for the premier plot.
The Myst Condo at Bukit Panjang is a luxurious development that provides residents an exceptional living environment with sustainable elements included. There is an array of landscaping features, such as a rooftop garden, energy-efficient lighting, solar panels, native plants and trees, organic fertilizers and composting systems, water-efficient irrigation and recreational facilities, which all come together to make The Myst the perfect residence for anyone looking for an eco-friendly, green setting.
The Downtown Line (DTL) has improved connectivity in the Central Business District (CBD) area, allowing for expedited routes from Millenia Walk to Marina Bay Sands and City Hall Fringe. Recently, the opening of DTL3 has added an additional 21 km to the DTL, providing an uninterrupted link to Tampines Regional Centre and Changi Business Park without the need for a bus transfer. With DTL3 included, the Downtown Line now covers a total length of 42 km, making it the longest underground Mass Rapid Transit (MRT) line in Singapore with no intermediate stops.
The Myst Condo is conveniently located, being just a 10 minute walk from several MRT stations and shopping malls. Local eateries, shopping malls and other conveniences within easy reach make it a great place to live. Residents have the option to visit Jelapang MRT, Choa Chu Kang MRT or Yew Tee MRT for their convenience. In addition, the developer offers a free shuttle bus service to the Bukit Panjang Downtown MRT, giving residents even more options. With all these amenities, The Myst Condo makes it easy to do the things you want without having to travel far.
Hillview MRT (DT3) is situated close to the German European School and St. Francis Methodist School, providing easy access for all students in the area. It is a convenient point of transportation allowing quick commuting times to many destinations in Singapore. The station has several facilities, including a dedicated transfer platform, enhanced pedestrian connections, an overhead bridge, and barrier-free access. It is also connected to the Bukit Timah Expressway and the Bukit Panjang Expressway for those travelling outside the city centre. As well as these amenities, the station is connected to a variety of other transport services such as bus stops, taxi stands and shuttle services. This makes it an ideal choice for both students and commuters alike.
CDL Aries is looking to maximize their potential with the acquisition of two plots of land in the up-and-coming Upper Bukit Timah residential area. With the purchase of these plots, valued at S$126.3 million ($92.5 million), they are setting themselves up to develop a highly desirable residential project. This exciting new venture could be a catalyst for even more development in the area, making it a sought-after destination for both Singaporeans and investors.
The Myst Condo by CDL offers luxurious living with modern facilities and amenities conveniently located near shopping, dining, and entertainment options. Residents can enjoy a fully-equipped gym, swimming pool, Jacuzzi, and yoga pavilion for relaxation and rejuvenation. Other amenities include a children’s play area, BBQ pits, and a landscaped garden. This residence provides the ideal environment for an enjoyable and luxurious lifestyle.
The Myst Condo, situated conveniently for access to the larger city-state and having a bevy of amenities within walking distance, presents a great opportunity for CDL. Taking advantage of the verdant parks and revitalisation plans in the vicinity, CDL can realise a residential project that not only beautifies the neighbourhood, but also gives its residents a pleasant living experience.
Residents of The Myst Condo can reap the benefits of having Hillion Mall close by, located only a short 5-minute walking distance away. This mall is an ideal spot for shopping, dining and entertainment, boasting a variety of retail stores, food outlets and entertainment options such as a cinema and a bowling alley. All this can be conveniently accessed by those living in The Myst Condo, providing a great distraction from the hustle and bustle of everyday life.
The Myst Condo of the forest at Bukit Timah Road is a coveted residential development situated in a lush tropical landscape. Nestled amidst an abundance of greenery and rolling hills, the condominium offers amazing views of the surrounding natural beauty to its inhabitants. It is truly one of the most sought-after residential places in Singapore.
The Myst Condo has been designed to make the most of natural light and ventilation. With floor-to-ceiling windows and balconies that maximize the exposure of natural light and air flow, the balcony also serves dual purpose as a green space. A lush garden offers lovely views of the cityscape, making this building a peaceful and beautiful escape.
The 19-floor Hazel Park condominium building located near the Tan Chong industrial park is home to many educational institutions, commercial units and surrounding parks. Its proximity to public transportation networks is an added benefit with the Cashew MRT station on Singapore’s Downtown Line within a 7 minute commute and the old Bukit Timah railway station within a 13 minute walk. The Myst Condo is the ideal mix of location, convenience and affordability.
The sixth station along the Downtown Line 71 (DT71) is located close to Nanyang Girls’ High School. It is the perfect spot for students and residents of the area to be able to access public transport quickly and easily. The station also provides access to the nearby shopping malls, as well as other attractions within the vicinity. With the wide range of facilities at the station, it is sure to meet the needs of anyone looking for a convenient place to ride. Residents can take their time to explore the diverse wildlife and observe the flora and fauna of the area.
The Myst of the Forest provides a tranquil and peaceful atmosphere perfect for relaxation and recharging. Boasting stunning scenery, high-end amenities and services, and a sense of calm, it is the ideal place for residents to appreciate the beauty of nature. Furthermore, its location close to the Bukit Timah Nature Reserve provides easy access for residents to undertake hikes and nature walks, allowing them to explore the diverse wildlife and to see the area’s native flora and fauna.
Situated near the Cashew Estate, The Myst stands on two adjacent plots, 798 and 800 Upper Bukit Timah Road, covering an approximate area of 179,007 square feet. This offers those looking to buy a property in one of the most coveted Good Class Bungalow Areas (GCBA) of Singapore, the opportunity to do so. The last new launch in the region was the Espa condominium project, completed back in 2010.
The Myst Condo offers the perfect living environment for families searching for convenience and comfort. Located in Bukit Panjang, it provides plenty of amenities such as public transport, shopping, and recreational options. As a result, this residence has become an attractive option for people looking for a comfortable and convenient lifestyle.
The Myst Condo is an ideal residential location for families, with a range of amenities close by. Schools in the neighbourhood make it an especially attractive place to settle down, while medical centres, banks, supermarkets and other essential services are all within easy reach. Families will appreciate the convenience of having all they need so close by.
The Myst Condo is an exceptional place to call home due to its proximity to the Bukit Panjang Integrated Transport Hub. This location is a real plus for those who reside at Myst, as it offers a wealth of amenities and services, making it an incredibly convenient living situation.
Cashew MRT Station is the proud home of Myst CDL, a modern high-end condominium development. Featuring a unique combination of modern amenities and luxurious living, Myst CDL also includes sustainable features to provide an environmentally friendly living experience. This makes it the perfect choice for those seeking a green and eco-friendly lifestyle within the suburban area of Singapore.
The Myst Condo is a great option for city living, as it is located near many shopping centres, such as Bukit Panjang Plaza, Fajar Shopping Centre, Hillion Mall, Junction 10, Bukit Panjang Hawker Centre, Cashew Village, Senja Cashew Community Centre, Cashew Heights Shopping Centre, Segar Shopping Centre and Teck Whye Shopping Centre. This provides the residents of The Myst condo with a wealth of amenities, including a wide selection of products and items that they may not be able to find in smaller stores. The convenience of having shopping centres close to The Myst Condo is immense, as there is no need to travel to distant stores or take a bus to access what you need. In addition, living near a shopping center means having access to discounts, better prices, and other benefits. Moreover, shopping in a big shopping center is a more efficient way to shop, as you can find almost anything you need within a short amount of time. Shopping centers also allow for a fun and engaging experience, and provide an ideal place to hang out with friends and family, as well as an opportunity to enjoy other activities such as movies or snacks. All in all, living in The Myst Condo and having shopping centres nearby provides an amazing shopping experience.
The Myst of the forest is renowned for its unobstructed view, affording an unparalleled perspective of the natural landscape that surrounds it. From the higher levels of the condominium, one can bask in the sweeping views of the Bukit Timah Nature Reserve and its lush green hills that stretch out to the horizon, providing an atmosphere of tranquility and serenity.
Botanic Gardens MRT (DT9) is a station on the Downtown Line in Singapore, located near the National University of Singapore (NUS) Bukit Timah Campus. It serves as an interchange between the Downtown Line and the Circle Line. The station also connects commuters to the nearby university, providing access to the schools, facilities, and accommodations. Passengers can also access the nearby Amenities Centre, which provides a range of services and conveniences. Additionally, the station provides direct access to the Singapore Botanic Gardens, one of the city’s most popular tourist destinations. The station is also surrounded by various shopping and dining establishments, as well as parks and recreational areas. With its prime location, Botanic Gardens MRT (DT9) is an important station for commuters and visitors alike.
The location of The Myst Condo is extremely convenient, with its close proximity to several public transportation options. It is just a half-an-hour walk to both Bukit Panjang MRT Station and Hillview MRT Station, with the closest bus stops being Bef Chestnut Avenue, Bukit Panjang Road, and Upper Bukit Timah Road. What’s more, Orchard Road and the Central Business District can be reached within 25 minutes.
Living in Upper Bukit Timah provides occupants with an ideal location for access to the best educational institutions in the neighbourhood. For instance, the Cashew MRT station, a part of the Downtown line, is just a 5-minute walk away from The Myst’s side gate. What’s more, both Ngee Ann Polytechnic and Singapore Polytechnic can be reached within a 15-minute ride by bus. In short, anyone looking to find a residence close to top schools should contemplate properties in the area of Cashew to Bukit Timah. The following schools in the vicinity of MRT stations can be found in this district:
The Myst Condo offers an abundance of amenities and activities for its residents. With a variety of shops, restaurants and other services only a short walking distance away, there is plenty for everyone to enjoy. In addition, Bukit Panjang Plaza is just a stone’s throw away, providing a great selection of services and entertainment. Its shopping mall, cinema and food court have become firm favourites with visitors and locals alike. This is an ideal way for residents to get around the city.
Residents at The Myst Condo are provided with various ways of transportation. These include the close proximity of the MRT stations, public buses from Bukit Panjang Bus Interchange and LRT services. As an added amenity, the developer offers a free shuttle bus service from the Bukit Panjang Downtown MRT Station, making it a great advantage for those who live at The Myst to get around the city with ease.
The Myst Condo by CDL is the perfect destination for those seeking luxury living in a serene and peaceful setting. With its proximity to nature reserves and parks such as Bukit Batok Nature Park, Bukit Timah Nature Reserve, Dairy Farm Nature Park, Hindhede Nature Park, MacRitchie Reservoir Park, Singapore Quarry, Singapore Botanic Gardens, Bukit Panjang Park Connector, Bukit Batok Town Park and Bukit Timah Hill Park Connector, The Myst Condo by CDL offers the perfect balance between urban life and nature.
The Myst has been designed with energy efficiency in mind, utilizing multiple green technologies to reduce energy consumption. Highly effective air-conditioning systems, intelligent lighting and motion sensors, and cutting-edge appliances that were developed to conserve energy have all been included. Furthermore, the building has been outfitted with double-glazed windows and top-notch insulation to minimize heat loss and enhance energy efficiency.
Encompassing an area of 25,500 hectares, the West Region of Singapore is the largest of the five regions. Its regional center is Jurong East while Jurong West is the most populated town. This region is home to many of Singapore’s heavy industry companies, such as BP, ExxonMobil, DuPont, Mitsui Chemicals and Shell, primarily in the petrochemical sector. To further expand the West Region, the government plans to transform Jurong Lake District and Jurong Innovation District into Singapore’s second Central Business District. In addition, the Tuas Mega Port, set for completion by the 2040s, is expected to become the world’s largest single container port, with an annual capacity of 65 million TEUs. Hillview is nestled in a valley and is home to Dairy Farm Nature Park—a bird sanctuary with a well-maintained butterfly trail. Bukit Panjang is known for the Loop, a series of shopping malls, including Hillion Mall, offering local and international brands, and several dining and entertainment options. District 23 is an ideal location for people seeking a cozy and community-oriented lifestyle.
District 23 is a highly sought-after area that encompasses Choa Chu Kang, Bukit Batok, Hillview, and Bukit Panjang. Choa Chu Kang got its name from the Teochew term ‘kangchu’, which means plantation owners. The neighborhood has undergone a transformation from a kampung to a modern suburb, with well-connected public transportation systems and two shopping malls. Visitors can still witness the beauty of fruit tree plantations at the Choa Chu Kang Park. Bukit Batok is known for its numerous natural landmarks, including Bukit Batok Town Park, Bukit Batok Nature Park, Bukit Batok Hill and Little Guilin. The latter is renowned for its resemblance to China’s Guilin and its view of huge granite rocks encircled by a lake. West Mall is the main shopping center in Bukit Batok, featuring a library, post office, and cinema. Hillview provides an inviting ambience, boasting the stunning Dairy Farm Nature Park that contains a butterfly trail. Bukit Panjang prides itself on the Loop, a cluster of malls, including Hillion Mall, with a variety of local and international brands, eateries and entertainment. Ultimately, District 23 is an ideal location for those longing for a tranquil and neighbourly atmosphere.
The Myst by CDL is a mid-sized condominium project that promises residents an exclusive living experience. Featuring top-of-the-line facilities and amenities, such as a 50-meter pool, a spacious clubhouse, and tennis courts, The Myst is the perfect abode for familes with children due to its proximity to well-known educational institutions including Bukit Panjang Primary, CHIJ, National University of Singapore, Ngee Ann Polytechnic, as well as a plethora of shopping and dining options. The Myst also places its residents close to popular malls and shopping centers such as Hillion Mall, Bukit Panjang Plaza, HillV2, The Rail Mall, and the upcoming The Reserve Residence Mall, making it easy for them to find childcare facilities and enrichment centers.
The Bukit Panjang Integrated Transport Hub is within easy reach of The Myst Condo, with a mere 5 minute walk. It is a great convenience for residents, as the hub connects to both the Downtown Line and the Bukit Panjang LRT, offering a hassle-free way to tour around the island. The train provides a direct access to the city centre while the LRT allows exploration of the local area. In addition, several bus services operate from the transport hub, providing quick and convenient journeys to other areas of Singapore.
By obtaining the Upper Bukit Timah site, CDL Aries is poised to capitalise on the multiple renovation projects and undertakings taking place in The Myst Condo vicinity. This will enable CDL to construct a residential complex that grants Singaporeans and investors access to a much sought-after location with the added convenience and prestige of the region.
Living at The Myst Condo near Bukit Panjang Transport Hub provides convenience and flexibility for multigenerational families. The location of The Myst Condo gives quick access to Bukit Panjang MRT Station, Segar LRT station, and Bukit Panjang Bus Interchange. The multitude of public transportation options makes it effortless to get to any destination.
The Myst Condo Upper Bukit Timah Road has incorporated sustainable features into its landscaping design. These include native plants and trees, which are resistant to droughts and require little maintenance. Additionally, organic fertilizers and composting systems have been installed to reduce the use of chemical fertilizers. Moreover, the water-efficient irrigation system has been implemented to help reduce water consumption.
Two adjoining shophouses off Upper Thomson Road for sale at $10.5 mil
A rare opportunity is now up for grabs in the market – two freehold adjoining shophouses located at 5 and 7 Jasmine Road, off Upper Thomson Road. These two-storey shophouses have a total site area of approximately 3,650 sq ft and an existing combined floor area of about 3,940 sq ft. The properties are launched for sale via expression of interest (EOI) at a guide price of $10.5 million, or $2,665 psf on the floor area.
The shophouses are zoned for “residential with commercial at 1st storey” use with a gross plot ratio of 3.0 and building height control of up to four storeys under the 2019 Master Plan. Situated around 50m away from Thomson Plaza shopping mall and adjacent to Adelphi Park Estate, this location is accessible via major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway. What’s more, the properties are just a minute’s walk to Upper Thomson MRT Station (situated on Thomson-East Coast Line) and one stop away from Caldecott MRT Station (an interchange with the Circle Line).
Steven Tan, managing director of capital markets and investment sales at ERA Realty Network, says “This rare opportunity offers investors a chance to own a pair of freehold shophouses that offer immediate rental income and future capital appreciation potential in the long term”. The properties are for sale with existing tenancies and on an “as is where is” basis. The EOI exercise for the property will close on May 8 at 3pm.
ERA Realty Network is the exclusive marketing agent for the shophouses. Investors may consider redeveloping the adjoining shophouses into a four-storey residential building with commercial space on the first storey, subject to the authorities’ approval. This could result in a gross floor area of about 10,950 sq ft.
The location is near numerous amenities, including popular eateries and cafes along Upper Thomson Road, Sin Ming Plaza and Junction 8 shopping mall. Prestigious educational institutions such as Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School and Whitley Secondary School are also within a 1-2km radius.
It’s an ideal chance for investors to make the most of this rare opportunity – two freehold neighbouring shophouses located in an accessible area near plenty of amenities and educational institutions. With the EOI exercise closing on May 8 at 3pm, interested buyers should act fast to secure a good deal.
Find Singapore commercial properties with our commercial directory and check out the latest listings near Jasmine Road, Adelphi Park Estate, Upper Thomson MRT Station, Caldecott MRT Station, Ai Tong School, Catholic High School, CHIJ St Nicholas Girls’ School, Marymount Convent School, Whitley Secondary School now.
Recent transactions of commercial property on Jasmine Road (Source: EdgeProp Research tool) show that buyers are likely to benefit from the properties’ future capital appreciation potential in the long run. Related news also report that two shophouses at Perak Road have been put up for sale at $13 mil, a 999-year Jalan Besar shophouse is selling for $5.9 mil, and a five-storey commercial shophouse at 32 Hongkong Street is up for sale at $8.5 mil.
Don’t miss this opportunity to take advantage of this rare chance!
Collective sale of Tanjong Katong development relaunched at $63 mil
At 52 to 62H Tanjong Katong Road in Singapore, the owners of this 26-unit walk-up development have relaunched the property for a collective sale with a guide price of $63 million. Huttons Asia, the sole marketing agency, explains that the property was initially offered last July with an indicative price of $65.5 million. Various bids were below the asking price.
This 9,999-year parcel of land has an area of 32,397 ft and is zoned for residential use with a Gross Plot Ratio of 1.4, according to the 2019 Master Plan. This sets the stage for the potential for 45,356 ft of gross floor area upon redevelopment into 49 apartments with an average size of 915 sq ft.
The guide price translates to a land rate of $1,401 psf per plot ratio with an estimated land betterment charge of approximately $530,000. Taking into consideration the 7% bonus balcony gross floor area, this rate can be reduced to $1,375 psf ppr.
Terence Lian, head of investment sales at Huttons Asia, thinks that this prime location in District 15 should attract great interest from developers. Indeed, the recent launch of Tembusu Grand – a 638-unit condo by City Developments and MCL Land – sold 53% of units at an average price of $2,456 psf during its launch weekend.
The property is located a 10-minute drive away from the CBD and just 500m away from Paya Lebar MRT Station. Shopping malls such as PLQ mall, i12 and Parkway Parade can be found nearby, making it a convenient spot. Additionally, the Singapore Sports Hub and East Coast Park, as well as F&B and cafe options in the Katong and Joo Chiat areas, give plenty of recreational options.
Angela Lim, deputy head of investment sales at Huttons Asia believes that the property would be attractive to professionals and young couples looking for convenience, with City Hall Interchange being only five stops away and Paya Lebar Commercial Hub within reach.
The tender for the collectively sold property closes on May 9 at 2pm.
Two shophouses at Perak Road up for sale at $13 mil
Properties 6 & 7 Perak Road have recently been made available for sale via tender with a guide price of $13 million. These two-storied shophouses with a mezzanine floor boast a built-up area of 5,360 sq ft, and sit perched atop a plot of land measuring about 2,870 sq ft, with an 11.4m-wide frontage along Perak Road.
This prime property resides in the Jalan Besar/Little India precinct in District 8 of Singapore, and is a mere three-minute walk to Rochor MRT Station. The properties are in a well-maintained condition, and might require minimal refurbishments only.
Gracelynn Zhu of PropNex Shophouse Elites, which is marketing the property, reveals that the owner had received multiple offers from prospective tenants, despite the fact that the vendor is looking to sell the shophouses with vacant possession. Zhu anticipates the properties to draw interest from investors seeking assets that can offer strong rental and capital growth, and with the recovery of the tourism sector gaining strong momentum post-pandemic, they could be ideal for hostel operators looking to tap renewed interest for convenient and accessible accommodation among incoming tourists and travellers.
Moreover, since the properties are zoned for commercial use, no additional buyer’s stamp duty is applicable on the purchase of the properties. The tender for the property closes on 8 May at 3pm.
Short of similar transactions on Perak Road, EdgeProp landLens reveals a 999-year Jalan Besar shophouse being sold for $5.9 mil, a five-storey commercial shophouse at 32 Hongkong Street for sale at $8.5 mil, and commercial shophouses at Club Street for sale at $25 mil.
JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics
Sandeep Sethi has been appointed as division president of work dynamics in Asia Pacific by JLL. As Managing Director and Head of Work Dynamics in West Asia, Sethi has already forged deep client relations and grown the business to a large scale – managing over 160 million sq ft of office space across 1,500 client sites in India, Sri Lanka, Mauritius and Bangladesh.
In his new role, apart from expanding his current portfolio for West Asia, Sethi will now be responsible for North Asia markets too, overseeing services delivered to clients and aiming to grow JLL’s North Asia market share in mainland China and Hong Kong. He will be reporting to Susheel Koul, JLL’s CEO for work dynamics in Asia Pacific from his base in Gurgaon.
Susheel Koul commented on his appointment with admiration: “Sandeep is an established leader and a respected client advisor with an astute understanding of the dynamic nature of commercial real estate. His appointment reinforces JLL’s commitment to developing and elevating our people to serve our rapidly diversifying client base across Asia Pacific.”
JLL’s work dynamics business unit provides services addressing the full real estate life cycle for occupiers, including integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience and lease transaction management. With this senior promotion, JLL has signified its commitment to gaining a foothold and continuing to grow in the Asia Pacific markets.
Shipyard at Benoi Road for sale at $11.3 mil
A property with waterfront access located at the popular intersection of Benoi Road and Pioneer Road within Jurong Industrial Estate is now open for sale. The site area in total spans across over 500,000 sq ft. and consists of a two-storey office block plus an annexe office, three blocks of single-storey workshops, a mould loft building, a fabrication workshop and a wharf.
The property has been listed via an expression of interest (EOI) exercise, with a guide price at $11.3 million and is suitable for land usage such as shipbuilding, ship or vessel repair and maintenance.
The property is approximately 24km from the city centre, situated in close proximity to numerous housing estates like Jurong East, Jurong West, Bukit Batok and Boon Lay Gardens. Drivers will find easy access to the area via Ayer Rajah Expressway and Pan-Island Expressway and the nearby Joo Koon MRT Station is just five-minutes away.
Given the rare availability for property that caters to such land usage, Isabel It, associate division director at Huttons Asia, has noted that the plot offers an ‘access-road level with a flat contour,’ with a regular shape spanning 255m on Benoi Road and Pioneer Road, and an average plot depth of 213m. The recent acquisition of 1.5 million sq ft at 55 Gul Road – a 10-minute drive away – was sold for $95 million in February, while a similar sized property at 5 Benoi Road in December 2020 was sold at $10.5 million.
The sale of 1 Benoi Road is subject to approval from relevant authorities, with the EOI exercise closing on April 27 at 3pm.
Whether you’re an investor seeking to expand your business, or a buyer on the lookout for new real estate ventures, this property offers a great opportunity for growth. With consistent transactions taking place for industrial properties on Benoi Road, the sales of this property promises to continue the trend.
GuocoLand sole bidder for Lentor Gardens GLS site at $985 psf ppr
A tender for a 99-year leasehold residential government land sale (GLS) site at Lentor Gardens closed today with just one bid from GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group). In submitting a bid of $486.8 million, the joint venture partners translated to a land rate of $985 psf per plot ratio (psf ppr). This was the lowest bid for a land parcel in the Lentor precinct, and the first time a residential GLS tender had seen only one bid since Silat Avenue GLS site in 2018.
The last two residential GLS sites to be sold in Lentor were at Lentor Central and Lentor Hill (Parcel B). Lentor Central was awarded to a consortium led by China Communications Construction, Soilbuild Group Holdings and United Engineers for $481.03 million ($1,108 psf ppr). TID (a joint venture between Hong Leong Group and Mitsui Fudosan) won the top bid for Lentor Hills (Parcel B), at $276.36 million ($1,130 psf ppr). Both sites will yield around 470 and 265 units respectively.
Prior to this, in January 2022 the GLS site at Lentor Hills Road (Parcel A) was sold for $586.6 million ($1,060 psf ppr). This could yield approximately 598 units, and will be developed into Lentor Hills Residences by GuocoLand, Hong Leong Holdings, and TID (a joint venture between Hong Leong Holdings and Mitsui Fudosan).
GuocoLand also launched the 605-unit Lentor Modern integrated development last September, of which 84% of the units were sold on launch weekend. The average price was $2,104 psf, and the development is now 88% sold. The site was acquired for $784.1 million ($1,204 psf ppr) in July 2021.
Huttons Asia CEO Mark Yip noted that developer bids had been declining since the first GLS site in Lentor was released. He suggested that this was due to economic uncertainty and additional taxes that could be imposed if all units are not sold within five years.
Two more GLS sites in Lentor will be available for sale under the 1H2023 GLS Programme; one estimated to yield 475 units and is expected to launch a tender this month, while the other with 500 units is on the Reserved List.
Leonard Tay, head of research at Knight Frank Singapore, commented that all seven residential sites in Lentor have the potential of bringing 3,500 new units to the area, which could account for around 11,000 new residents.
However, the Lentor Gardens site – which closed today – is near Lentor MRT station, Thomson Nature Park, Yio Chu Kang Stadium and Sports Complex, and CHIJ St Nicholas Girls’ School. Homebuyers may be drawn by the convenience of public transport and the access to recreational and educational facilities.
Finally, OrangeTee & Tie CEO Steven Tan believes the eventual launch at the site could see units priced around $1,950 to $2,050 psf.
The highest bid at the Lentor Gardens site comes as yet another indication that developers are re-evaluating their strategies in light of current economic uncertainty. With the site’s convenient transportation, unique recreational amenities, and access to prestigious educational institutions, however, it could prove a lucrative investment in the long run.
A Comprehensive Guide for The Myst Condo to Living in the Heart of Bukit Timah with Easy Access to Nature Parks, Shopping Centers, and Top Educational Institutions Near Cashew MRT Station and Downtown Line
City Developments Limited’s affiliate, CDL Aries, has acquired two adjacent plots of land at 798 and 800 Upper Bukit Timah Road in northwest Singapore’s Tan Chong industrial park. The 16,620 square metre (178,900 square foot) property is zoned for residential use with a plot ratio of 2.1, allowing the developer to build a project up to 24-storeys in height. The Myst Condo is situated in the heart of Bukit Panjang and Cashew, and is well-connected to public transport networks, with the Cashew MRT station on Singapore’s Downtown Line just seven minutes away and the old Bukit Timah railway station within a 13-minute walk. The area has been targeted for rejuvenation, including the Railway Corridor development and the Beauty World rejuvenation plan.
Residents of The Myst Condo will enjoy unparalleled convenience with Bukit Panjang Integrated Transport Hub just a short walk away, providing quick access to public transportation and the nearby Hillion Mall. The property offers unblocked views of the lush greenery of Bukit Timah Nature Reserve and surrounding hills. The development features sustainable and green living with energy-efficient air-conditioning systems, motion sensors, and double-glazed windows for minimized energy consumption. The building also maximizes natural light and ventilation with floor-to-ceiling windows and balconies.
CDL Aries is well-positioned to leverage on the various development plans in the area and create a residential project that is highly sought-after by Singaporeans and investors alike. The Myst is a perfect blend of modern luxury and sustainable features, providing residents with a luxurious living space while incorporating green technologies.
The Myst CDL also offers smart home features that provide residents with greater control and convenience. Residents can control their home’s lighting, temperature, and security systems with their smartphones or other smart devices. This technology not only enhances convenience but also improves security, allowing residents to monitor and control their home even when they are away.
The Myst also features sustainable landscaping, with native plants and trees that require minimal maintenance and irrigation. The development also incorporates rainwater harvesting systems and a water-efficient irrigation system to minimize water consumption and promote sustainability.
In addition to its smart and sustainable features, The Myst CDL at Bukit Panjang also offers top-notch amenities and facilities, including a 50-meter lap pool, a spacious clubhouse, tennis courts, and a sky garden. The development is conveniently located near Bukit Panjang MRT station and several shopping and dining options, making it an ideal choice for anyone seeking a luxurious and convenient living space.
In addition to its sustainable features, The Myst also incorporates smart technology to enhance the living experience of its residents. The development is equipped with a smart home system that allows residents to control and monitor their home appliances and systems remotely. With just a few taps on their mobile devices, residents can adjust the lighting, air-conditioning, and security systems in their homes. The smart home system also allows residents to receive alerts and notifications on their devices, keeping them informed of any unusual activity in their homes.
The Myst Condo also features a range of facilities that cater to the needs of its residents. The development has a 50-meter lap pool, a tennis court, a clubhouse, and a gym, providing residents with plenty of options for recreation and fitness. The development also has a rooftop garden, which offers panoramic views of the surrounding area and is the perfect place to relax and unwind.
With its luxurious amenities, smart features, and sustainable design, The Myst CDL at Bukit Panjang is an excellent choice for anyone seeking a green and eco-friendly living space in the heart of Singapore. The development’s prime location and proximity to public transport networks, schools, and shopping malls make it an ideal choice for families, professionals, and investors alike.
The Myst CDL at Bukit Panjang is also equipped with state-of-the-art smart home features. Residents can control their home systems and appliances remotely through their smartphones or tablets. The smart home features include smart locks, air conditioning systems, and lighting, making it easier for residents to manage their energy consumption and save on electricity bills. Additionally, the condominium is equipped with high-speed internet and Wi-Fi access, making it easy for residents to stay connected to the rest of the world.
Another key feature of The Myst Condo is its emphasis on security. The development is equipped with round-the-clock security personnel, CCTV cameras, and access control systems to ensure the safety of residents and their property. The condominium also has a secure parking area for residents’ vehicles, giving them peace of mind that their cars are safe and secure.
In summary, The Myst CDL is a luxurious and sustainable residential development located in the heart of Bukit Panjang. With its prime location near the Bukit Panjang Integrated Transport Hub and the Downtown Line Cashew MRT Station, residents have easy access to public transportation and a variety of amenities. The condominium is also equipped with smart home features, energy-efficient systems, and top-of-the-line facilities to ensure the comfort and convenience of its residents. The Myst CDL is a great choice for anyone looking for a green, luxurious, and convenient place to call home in Singapore.
The Myst CDL at Bukit Panjang also incorporates the latest technology for smart living. Residents can use a mobile app to control their home automation systems, including lighting and temperature, even when they are away from home. The app also allows residents to access a range of services, such as booking facilities and paying maintenance fees. The Myst is also equipped with smart security features, including 24-hour surveillance cameras and access control systems, ensuring residents’ safety and security.
In summary, The Myst CDL at Bukit Panjang is a luxurious residential property that offers unparalleled convenience and comfort in a green and sustainable living space. Its prime location near the Bukit Panjang Integrated Transport Hub and Hillion Mall provides residents with easy access to public transportation and a range of amenities, including schools, medical centers, supermarkets, and more. The development also features smart and green technologies, making it one of the most sustainable residential properties in the region. With its combination of luxurious living, sustainability, and convenience, The Myst CDL at Bukit Panjang is an ideal choice for anyone seeking a high-end living experience in Singapore.
The Myst CDL development is also equipped with smart home features, which allow residents to control various aspects of their home, such as lighting and air-conditioning, from their mobile devices. This not only provides convenience but also helps to reduce energy consumption and promote sustainable living.
In addition to its smart and green features, The Myst CDL development also offers a range of luxurious amenities for its residents. These include a 50-meter lap pool, a tennis court, a clubhouse, and a sky garden with breathtaking views of the surrounding area. The development also features a 24-hour concierge service and security system, providing residents with peace of mind and a high level of safety.
The Myst CDL development is conveniently located near the Bukit Panjang Integrated Transport Hub, providing residents with easy access to a variety of transportation options, including the Downtown Line MRT and several bus services. The nearby Hillion Mall and Bukit Panjang Plaza offer a range of shopping and dining options, as well as entertainment and enrichment centers for families with children.
Overall, The Myst CDL development is a prime example of a luxurious and sustainable residential property in Singapore. Its smart and green features, combined with its convenient location and luxurious amenities, make it an ideal choice for residents seeking a high-quality and eco-friendly living experience.
The Zhenghua Nature Park is located near The Myst Condo in Bukit Panjang and acts as a green buffer for the Central Catchment Nature Reserve. The park offers a glimpse of various bird species, monitor lizards, squirrels, and long-tailed macaques, and is a great spot for cycling and walking enthusiasts. The Myst Condo provides its residents with various amenities, including access to nearby Bukit Panjang Plaza, where they can enjoy shopping, cinema, and food court. Additionally, residents can indulge in various recreational activities and visit nearby medical facilities such as the Bukit Panjang Polyclinic, the National University Hospital, and the Tan Tock Seng Hospital.
The Cashew Estate, located in the vicinity of The Myst CDL, is known for its rural atmosphere and the Rail Corridor, a popular spot for nature lovers, joggers, and cyclists. The Estate offers access to Bukit Timah Nature Reserve and properties like The Reserve Residences at Beauty World and The Botany at Dairy Farm provide direct access to the Rail Corridor. The Upper Bukit Timah area is ideal for those seeking top educational institutions such as the National University of Singapore, Ngee Ann Polytechnic, and Singapore Polytechnic. Additionally, The Myst Condo is conveniently located near shopping centers such as Bukit Panjang Plaza, Hillion Mall, and Fajar Shopping Centre, offering a wide range of amenities and food selection.
The Myst Condo is also situated close to various parks and nature reserves such as Bukit Batok Nature Park, Dairy Farm Nature Park, and Singapore Botanic Gardens. The residence offers various modern facilities such as a fully-equipped gym, swimming pool, Jacuzzi, and yoga pavilion, providing residents with a comfortable living experience. With its perfect balance of urban living and the great outdoors, The Myst Condo by CDL is an ideal destination for those seeking luxurious living in a tranquil environment.
Living in Bukit Timah and Bukit Panjang areas provide easy access to some of the top educational institutions in Singapore. The Myst Condo is located near various educational institutions, including primary schools, secondary schools, and tertiary institutions. The proximity of these institutions makes The Myst Condo an excellent choice for families with school-going children.
Some of the notable schools in the area include:
Zhenghua Primary School
CHIJ Our Lady Queen of Peace
Assumption English School
Greenridge Primary School
Fajar Secondary School
Bukit Panjang Government High School
St. Francis Methodist School
German European School Singapore
National University of Singapore (Bukit Timah Campus)
Hwa Chong Institution
Raffles Girls’ Primary School
Anglo Chinese School (Barker Road)
Residents of The Myst Condo can access these institutions through the nearby MRT stations, bus services, and LRT services.
The Myst Condo: An Ideal Home
In summary, The Myst Condo is a luxury development located in the Bukit Timah and Bukit Panjang areas of Singapore. It is an ideal choice for families, professionals, and anyone seeking a convenient and comfortable living environment. The development is surrounded by lush greenery and nature reserves, making it an excellent destination for outdoor activities. The Myst Condo offers its residents access to a wide range of amenities, including shopping centres, food courts, restaurants, and recreational facilities.
The proximity of The Myst Condo to educational institutions, medical facilities, and transportation options makes it an ideal choice for families with school-going children, working professionals, and anyone seeking easy access to healthcare services and transportation. With its luxurious facilities and convenient location, The Myst Condo is a great investment opportunity for anyone seeking a quality living experience in Singapore.
Singapore office rents see subdued growth in 1Q2023: JLL
Despite macroeconomic uncertainties that dampen demand for office space causing large space users to “generally press the pause button” for expansionary and relocation plans, Grade A office rents in Singapore’s Central Business District (CBD) saw a 1% q-o-q increase in 1Q2023 to an average of $11.30 psf per month (psf pm). This marks a second consecutive quarter of slowed growth following five straight quarters of growth previously.
Andrew Tangye, Head of Office Leasing and Advisory at JLL Singapore, attributes the current cautious mood of occupiers to the macroeconomic environment. Leasing activity in 1Q2023 was mainy driven by small-to-medium-sized space occupier with immediate requirements such as new market entrants and those looking to accommodate new workplace design or increased hirings that took place in 2022. Such occupiers include Munich Re and Corney & Barrow.
Despite the current cautious mood, occupancy of Grade A office space remains tight, with some occupiers seizing the opportunity to upgrade to better office space at new and upcoming complexes. Examples include Guoco Midtown in Bugis-Beach Road and IOI Central Boulevard Towers in the Marina Bay financial district, both of which are due to be completed in 3Q2023. It is estimated that 80% of Guoco Midtown’s space and 45% of IOI Central Boulevard Towers’ space are either pre-committed or under advanced negotiation.
Outside the CBD, the Labrador Tower along Pasir Panjang Road is expected to be completed in 2024, with Prudential taking up around 150,000 sq ft of space – the lease of which comes with a 15-year tenure expiring in November 2024.
Given the current macroeconomic environment, JLL Singapore’s Head of Research and Consultancy, Tay Huey Ying, predicts that office demand will remain more muted and rent growth will likely stay modest for the rest of 2023. She believes that office leasing activity for recent or soon-to-be completed projects will still maintain good traction while backfilling of vacated spaces may take a little longer.
Tangye on the other hand expects rental growth to speed up again post-2024, with a dip in new completions and the return of economic growth. “This window offers occupiers, especially large space users, a good opportunity to lock in spaces in quality new office buildings before rent growth kicks in.”
Six-storey Boat Quay shophouse sold for $37 mil
.A charming, riverfront-facing property in the heart of Singapore’s CBD has been sold for a whopping price of $37 million, following strong interest from investors. Savills Singapore brokered the deal, which saw the seller gain massive profits of $16 million since their purchase in June 2018 for $21.35 million.
Situated at 52 Boat Quay, the six storey shophouse features a total built-up area of 6,446 sq ft and occupies a 1,119 sq ft site. After undergoing extensive renovations in 2015, the commercial space is now modern and well-equipped. Braci, an Italian restaurant, occupies the top two floors while the ground floor houses an Izakaya bar. The second and fourth floors have corporate office tenants.
Yap Hui Yee, the executive director of investment sales and capital markets at Savills Singapore, noted the overwhelming interest displyed by investors and highlighted the rarity of a riverfront-facing property available for sale in the tightly held Boat Quay precinct.
The deal is an indicator of the ongoing demand for high-quality commercial shophouses in prime locations.
This sale is a testament of the ever-growing demand for high-quality commercial shophouses in prime locations that Singapore has to offer. Savills Singapore noted the overwhelming interest displayed by investors, especially amid the rarity of a river-facing property made available of sale in Boat Quay precinct. According to Yap Hui Yee, the Executive Director of Investment Sales and Capital Markets at Savills Singapore, the purchase was an opportunity for her long-standing client to acquire the flagship property at the heart of the city.
Since the seller purchased the property in June 2018 for $21.35 million, they have experienced a significant increase in profits, realizing $16 million. The high-value property, featuring 6,446 sq ft of built-up area and occupying a 1,119 sq ft site on the six-storey Boat Quay shophouse, received much interest from investors.
The commercial space was renovated extensively in 2015, transforming it into a modern and well-equipped space that houses an Italian restaurant (Braci) on the top two floors, an Izakaya bar on the ground floor, and corporate office tenants on the second and fourth floors.
Recent transactions of commercial properties on and near 52 Boat Quay, in addition to this sale, further illustrate the ongoing demand for such properties. Beyond the impressive profitability, the purchase is an excellent opportunity for investors to own a piece of prime commercial shophouse property in the heart of the CBD.