Archive for category: Executive Condo

Read more: For $12.68 million, two freehold shophouses are available on Moonstone Lane

It has been an eventful year for City Developments Ltd (CDL), a prominent real estate company in Singapore. Celebrating its diamond jubilee last month, CDL also proudly accepted its seventh consecutive Top Developer Award at the EdgeProp Singapore Excellence Awards (EPEA) 2023 on October 6.

Taking the stage that memorable evening to receive the award on behalf of the company was Chia Ngiang Hong, the group general manager of CDL. The developer’s achievements were not limited to this prestigious accolade, as it also secured eight more awards recognizing four of its outstanding residential projects in Singapore.

Chia expressed gratitude, stating, “We owe our adventurous 60-year journey to many,” acknowledging the unwavering support received from industry partners, stakeholders, collaborators, friends, and colleagues.

Crafting Livable Homes

This year, CDL’s residential projects, both completed and in progress, garnered recognition from the EPEA judging panel for excellence in sustainability, design, innovation, and landscaping. Each award-winning project in CDL’s portfolio caters to the diverse needs and preferences of homeowners and buyers in Singapore.

For instance, the recently completed Whistler Grand, a 716-unit development at West Coast Vale, achieved significant recognition. It won Top Development, Landscape Excellence, Design Excellence, Sustainability Excellence, and Innovation Excellence awards in its category. Whistler Grand was launched for sale in November 2018 and fully sold out by October 2021, with its temporary occupation permit (TOP) obtained in April the following year.

Chia emphasized CDL’s winning formula in creating livable homes tailored to the right market, stating, “A livable home should consider factors such as functionality, convenience, safety, energy efficiency, and sustainability, which can impact overall well-being.” He pointed out that CDL remains responsive to the evolving needs of homebuyers, incorporating innovations such as flexible space designs for home-office setups and biophilic designs that connect residents with nature through landscaping.

Elevating Executive Condominiums (ECs)

In the EC category, CDL stood out with two of its projects: Piermont Grand, which received the Top Executive Condominium award in the Completed (Non-Central) category, and Copen Grand, awarded the same title in the Uncompleted (Non-Central) category.

ECs are a unique type of public housing project in Singapore developed and sold by private property developers to eligible Singaporean households. CDL’s Piermont Grand and Copen Grand projects have elevated the EC offering by providing well-curated facilities, premium finishes, and a commitment to wellness and sustainability.

Copen Grand, in particular, stands out as Singapore’s first Green Mark Platinum Super Low Energy EC, incorporating green design, smart technology, and luxurious living. The development utilizes renewable energy technology through photovoltaic systems to harness solar power, reducing energy consumption.

Piermont Grand also holds a Green Mark Platinum certification and incorporates a smart-energy and water-monitoring system with water leak detection algorithms, contributing to significant reductions in CO2 emissions.

Embracing Innovation

CDL is committed to encouraging innovation that sets new standards for residential developments in Singapore. Chia emphasized the importance of digitalization in CDL’s innovation plans, which include integrating CDL Home Sales, an in-house proprietary electronic system, with other digital solutions in an ecosystem that enhances the customer experience. This integration enables homebuyers to access construction progress updates, billing schedules, and key collection appointments through the My CDL Home mobile app.

Chia highlighted CDL’s future project, Lumina Grand, a 512-unit EC project at Bukit Batok West Avenue 5 slated for launch in the first quarter of 2024. This project draws inspiration from the natural beauty of Bukit Batok Nature Park Quarry, integrating green spaces and water features throughout the development. Lumina Grand will feature energy-efficient, water-efficient, and environmentally friendly design and technologies, such as solar photovoltaic panels.

CDL is also looking ahead to its project at Champions Way in Woodlands, which won the site in a government land tender. This project aims to achieve the BCA Green Mark Platinum (Super Low Energy) rating, offering about 350 residential units across four blocks.

Navigating Challenges

CDL has faced challenges in recent years, including property cooling measures, high-interest rates, and cautious economic outlooks. The company delayed the preview of Newport Residences, a residential development in Tanjong Pagar, following property cooling measures issued earlier this year.

Chia emphasized CDL’s confidence in Singapore’s real estate market and its commitment to maintaining a significant market share in the residential segment. The company also plans to explore mixed-use projects that incorporate residential components for a holistic living experience.

In terms of sustainability, CDL aims to influence and enhance its supply chain by collaborating with partners to embrace energy-efficient design and low-emission technologies. The company is dedicated to driving sustainability innovation in the industry and continuing its leadership in sustainable living.

Read more: The Pinnacle at Duxton apartment sells for $1.393939 million, the second-highest psf for HDB flats

Jui Residences is the only mixed-use project to win this award. Landscape Excellence Award at the EdgeProp Excellence Awards (EPEA) 2023. It is the second time Jui Residences has received with the award from the panel of judges. Jui Residences won the coveted Top Development Award for a mixed-use development, which was completed in EPEA 2022.

The property is situated on the banks of the Kallang River in Bendemeer, Jui Residences was developed by SDB Asia, the property development arm of Malaysian listed Selangor Dredging. The entire project in District 12 is comprised of an 18-storey housing block that is adjacent to the historic National Aerated Water Building. Jui Residences was completed in September 2021.

The project was conceptualized by the London-based architectural firm Carver-Haggard The landscape designer was the internationally-based design firm Okashimo.

The development was awarded this year’s Landscape Excellence Award this year, Jui Residences demonstrated to the judges their overall excellence. Jui Residences was awarded the top spot on aesthetics of the landscape as well as the blend of livingability and wellbeing, the consideration of the creation of habitats and biodiversity and also in the landscaping replacement area and green plot percentage.

Aesthetical greenscapes

The design of the landscape at Jui Residences leans into its closeness with its proximity to the Kallang River, and highlights its position as a riverfront property with an easy connection to parks and green space connectors. The development has access to the nearby 7.87km-long Kallang Park Connector, that connects Bishan-Ang Mo Kio Park with Kallang Riverside Park.

The most prominent landscaping element is a vertical greenscape which is situated in front of towards the Kallang River. It contributes to the overall aesthetics of the development The greenery blends in with the vegetation and trees which are located along the connecting park. The entire greenery of the development is watered by the smart irrigation drip system that allows for better water efficiency and sustainable water use.

The greenery extends all the way to a public space which maximizes the use of the famous frontage on Serangoon Road. The plaza is a landscaped lawn placed against the restored blue, pink and white facade of the preserved National Aerated Water Building.

The residents of Jui Residences can take a moment to enjoy the views over The Kallang River and the surrounding neighborhood from a rooftop terrace located on the top floor. The common area has the Infinity Pool as well as the aqua-fitness pool and a wading pool as well as a deck with lounge chairs. There’s also a landscaping terrace that serves as a suitable backdrop for a multipurpose play space as well as a the viewing deck.

The judges also rated the project very highly for its attention toward biodiversity and overall efforts to create habitat. For instance, around fifty% of plants used in the areas of landscape of the development are indigenous to Singapore and Southeast Asia. This means they are appropriate in the locale’s climate, and also more robust that can lower the total costs of maintaining and replacing them.

Icon of the Heritage

The entire design of Jui Residences honor the art deco design of the original building that is the visual central feature of the entire development. The two-storey, standalone building was constructed in 1954, and served as a bottling plant for a variety of soft drinks that were popular in the era of.

The art deco-inspired features that are part of the new residential block are vertical flutes on the facade, arched details on balconies, as well as curving curves that are scalloped along the structure.

In the residences the elements of art deco are displayed through an arched facade that stretches across every balcony. In addition, bedrooms are fitted with the herringbone-inspired timber flooring and the choice of finishes in the interiors is an inspiration from art deco-inspired elements.

Overall the jury of this year’s EPEA applauded Jui Residences for its attention to the interactions between the landscaping and the residents of the condominium. It created a sense of community for residents and also a considering the proper amount of social and recreational areas. Biophilia, which refers to the importance of nature, was evident throughout the construction and also complemented the existing conservation structure.

The combination of all these factors helped create an impressive sales pace when the project first released to the market in September of 2018. The developer had sold 29,548 lots (25%) over the weekend between Sept 22-23. The median selling cost was $1,700 per sq ft.

All 117 units in Jui Residences had been sold in August 2021. This was less than three years from the time it first came in the market. The median price was up to around $1,840 per square foot at the time of the closing in August 2021, as per a list of caveats compiled from EdgeProp Singapore.

As the majority of residents settle into their new residences at Jui Residences It was apparent to EPEA 2023 that the landscape and greenery of the project had an impact on the community, which makes it worthy of being awarded an award of Landscape Excellence Award.

The development is located on Belgravia Drive, off Ang Mo Kio Avenue 5 in District 28 it is Belgravia Green. The mixed-landed strata development covers the land of just 137,000 sq feet, and has the totality of 81 houses. In all, 71 homes are terraced, while the remaining include semi-detached properties.

The project was finished last year and residents began moving into the area after receiving its temporarily-issued occupation permits in the month of November. Since its inception on November 18, 2018 the project was sold in less than two years, on the basis of caveats filed. Units were purchased with an average cost of $884 per square foot for the strata region.

The Arcady Boon Keng floor plan is demonstrated by the pricing, which represents a 2 percent markup from the initial tender’s recommended price.

Recently, BelgraviaGreen reached another landmark in the EdgeProp Singapore Excellence Awards (EPEA) 2023 on the 6th of October the 6th of October, when it was given with the Top Landed Development for the finished projects category.

Belgravia Green is a project developed by Fairview Developments, a joint partnership between the Teo family-owned property developer Tong Eng Group as well as Yeap Holdings, the investment company owned by the Yeap family.

Design aspects
The Belgravia Green homes comprise of semi-detached properties ranging from 3,757 – 4,004 square feet. There are 39 terraced houses with an intermediate size that range from 3,423 to 3,466 square feet, as well as 32 corner terraces ranging from 3,294 to 3,638 sq feet.

The developer collaborated together with Laud architects to develop an innovative style concept of Belgravia Green, which would give an individual but cohesive appearance. The homes at the project have an asymmetrical façade that was designed by origami. Three-dimensional fins is framed by higher floors providing the home protection from the elements, as well as a sense of privacy. In the lower floor every home is a private space, which is surrounded by warm-toned aluminium frames.

The Belgravia Green homes are three-story properties which include the basement and an outdoor terrace. There five bedrooms within each house, four of which are in suite. One bedroom in particular is sufficient to house an additional wardrobe. The majority of houses have an in-home lift, and every basement comes with an area for two cars.

For the developer it was essential to create a large and practical layout that maximized the space. Common areas like the dining, living and kitchen are situated on the ground floor and a powder room is accessible to guests. The living space is spacious and has a regular layout, which overlooks the private space which is an extension to the space. Floor-to-ceiling glass windows are installed in every space to let in light and give a feeling of space, and the roof terrace is open and offers additional living space for the residents.

The kitchens come with top-quality appliances made by De Dietrich as well as Samsung. They include fridges and cooker hob along with a conventional oven, microwave, and a washing machine. Bathroom fittings are offered through Hansgrohe as well as Kohler.

Every unit is equipped with a wide range of smart home-related features, such as the digital lock as well as smart lighting and air conditioning controls, door sensors and Internet Protocol cameras and a smart smoke detector.

Outdoor spaces for recreation
Since Belgravia Green is a strata land-based development, residents have the double benefit of living in land-based living and being able to access condo-like amenities. Belgravia Green is a secure residence, with 24 hour security as well as facilities shared with other residents.

Belgravia Green’s facilities were created to create communal spaces that promote interaction and connection between neighbours and families. An enormous infinity pool, located near the entrance to the development, is an important central point for residents. Residents can take advantage of a spa, waterfalls as well as a play area. There is also a clubhouse as well as a gym and barbecue deck.

The lush landscaping was used to create pockets of relaxation and retreat across the entire estate. Between the housing rows the gardens, water features and a pond run along the pathways. Nearby, the playground, the 5m tall tree known as”the “Love Tree” makes a striking feature within the development. At night, the ambient light highlights the walkways and other landscape features, giving an atmosphere of cosiness and warmth.

The Belgravia trilogy
Belgravia Green is one of three projects within Fairview Development’s Belgravia collection, with the second two of which are the 118-unit Belgravia Villas in addition to the Belgravia Ace, which is 107 units. Belgravia Ace. The collection is part of a larger group of landed developments that comprise an area of 40 acres (over 1.74 million square feet) area of land within the Seletar Hills estate. Fairview Developments had purchased the freehold parcel of land which extends across Seletar Terrace to Nim Road in the 1970s.

Since since then, Fairview Developments has developed the land in a series of phases. The initial phases were typical land-based housing projects that included primarily terraced homes and a few semi-detached properties. They include the 79 unit Stratton Park that was completed in 1992 as well as the 82-unit Belgravia Park that was completed in the year 1995 as well as the 82-unit Stratton Green which was completed in 2003.

The Belgravia series comprises of strata-landed developments located at Belgravia Drive. Belgravia Villas was the first project to be launched under the collection. It is situated on a sprawling 400,000 square feet site It comprises 18 semi-detached and 100 terraced properties. The project was sold completely in the year 2018.

Belgravia Green, located across the road from Belgravia Villas, was the second project to be launched in November of 2018.

Belgravia Ace, the last part of the collection, was officially launched on January 20, 2022. It is located on the freehold site that covers 290,520 square feet located at the end of Belgravia Drive, it comprises three terraced properties. At present, 82 houses (79%) at Belgravia Ace were sold for an average of $1,082 per square foot, basing on caveats that were filed by the 25th of September. The project is scheduled to be completed by 2028.

Neighborhoods that are changing
Belgravia is a collection of properties. Belgravia collection is situated in the Seletar Hills estate, a tranquil residential enclave that consists of mostly land properties. Over the past two years the area has slowly gained the popularity of the area as more amenities were made accessible in the areas around. This includes the malls that were completed like Compass One at Sengkang Square in 2002; Greenwich V in 2012 and Seletar Mall in 2014.

It is also a popular destination for nature and cycling enthusiasts because of its proximity to green areas like Bishan-Ang mo Kio Park, as well as Lower Seletar Reservoir. Residents of Seletar Hills also have access through an Park Connector Network to scenic trails for recreation in the area like the 26-km North Eastern Riverine Loop which connects Buangkok, Sengkang and Punggol.

The Seletar region has also been enhanced by the construction in the area of 320ha Seletar Aerospace Park. The park is situated near Seletar Airport The business park houses a variety of aerospace-related businesses and multinational corporations like Rolls-Royce as well as Pratt & Whitney. A section of the park which houses the remains of a number of colonial homes has been transformed into a brand new lifestyle area. The area is dubbed The Oval, it is the home of a variety of cafes and restaurants.

The value of the assets taken in Singapore’s biggest money laundering scandal now stands at over $2.8 billion, according to Josephine Teo, Singapore’s second minister of home affairs. Teo disclosed the figure in Parliament on the 3rd of October.

The Arcady showflat noteworthy is the speed and determination with which the consortium acted listed for a collective sale.

They include these include 152 properties along with 62 automobiles that have a an estimated value of over $1.24 billion; money in bank accounts totalling over $1.45 billion, cash of over $76 million and cryptocurrencies worth over $38 million.

The sum is nearly three times that of $1 billion at the time when the case first came to light in the middle of August. The police also confiscated hundreds of bottles of liquor and wine as well as 68 gold bars, two94 bags of luxury, 164 high-end watches, and 546 pieces jewelry.

Teo said Singapore’s anti-money laundering enforcement officers first spotted signals of a possible case in 2021. In early 2022, police initiated an intelligence investigation. The work was restricted to only a “very tiny group” of police officers. any investigations or enforcement actions were halted in order to not alert suspects.

The suspects have all been detained and released on bail, and investigations are ongoing.

In parliament on Oct 3, the Minister of Finance and National Development Indranee Rajah announced that a new inter-ministerial committee will be formed to examine and improve Singapore’s anti-money laundering system. Rajah is the chairman of this committee. It will include officials who are from Singapore’s Monetary Authority of Singapore, Ministry of Home Affairs, Ministry of Law, Ministry of Manpower as well as the Ministry of Trade and Industry.

The committee will concentrate on four areas: how to stop corporate structures from being misused by money-launderers and how financial institutions can strengthen their security and cooperate better to protect themselves and identify suspected transactions. Also, how the other participants within the system, like corporate service providers and real estate agents as well as precious metals and precious stones dealers can assist in helping safeguard against risks associated with money laundering and also how to centralise and improve capacities across government agencies to better identify suspicious transactions.

Singapore Realtors Inc (SRI) has been appointed Mohan Sandrasegeran as head of research and data analytics as revealed in a Sept 26 press announcement.

The Arcady at Boon Keng is on its way to becoming a symbol of architectural brilliance and modern urban living.

Sandrasegeran was previously employed by One Global Group, where He was the senior analyst as well as research and content development. Prior to that He also had research positions with Ohmyhome, PropNex Realty, BCI Asia and the Singapore Institute of Surveyors and Valuers.

“We are thrilled to have Mohan joining Team SRI as our head of data and research. His sharp, insightful perspective and vast expertise in the field make him an ideal candidate to lead SRI’s research group,” comments Bruce Lye SRI’s managing partner as well as co-founder.

Lye states that the appointment is coming with the expectation that SRI strives to expand its capabilities in research. “Mohan will be launching research publications that will explore the future trends that will be affecting the real estate market. These publications will give valuable insight and help to strengthen our position as a thought-leader in the real estate market,” he continues.