The parcel of lands located at Jiak Kim Street as well as the Fourth Avenue tenders was officially closed on 5th Dec Tuesday. In reference to the Urban Redevelopment Authority, the former received a whopping S$955.4 million top bid with the latter getting the highest bid worth S$552.96 million. The Jiak Kim Street land parcel would be developed to the newly announced Riviere Condo by Frasers.
The segment of the land found at Jiak Kim Street which was formerly occupied by Zouk night club attracted a totaling 10 offers from well financial oiled bidders while the prime land sitting at the famous Fourth Avenue was eyed by seven bidders.
These two segments of lands located at Jiak Kim Street as well as the Fourth Avenue were on 19th Oct 2018 as well as 2nd Nov 2018 respectively officially launched for public tender which attracted so many developers eyeing to acquire them for future developments. They were all provided for a 99 years lease sale. Among the bidders was
The prime parcel of land at Jiak Kim Street was successfully acquired by Frasers Centerpoint Limited making it the highest land price ever achieved based on square foot for government land sales at its name would change to Riviere Condo.
All Green Properties emerged as the successful bidder of the lucrative piece of land located at Fourth Avenue. This developer also managed to secure a freehold piece of lands located at Royalville as well as the Crystal Tower. Currently, the developer has set all its eyes on acquiring a site located next to Bukit Timah.
Before tendering the sites located at the Jiak Kim Street as well as the Fourth Avenue, they were listed as the reserve lands by the Government in the Land Sales department which had made them not for sale.
Christine Li, a director of research at a famous real estate firm Cushman and Wakefield, said, there was a rife contest for the prime sites at Jiak Kim Street and the Fourth Avenue, with both locations having a set benchmark price.
The successful bidders are looking forward to the appreciation of the land’s value to almost to ten percent which may see them yield big from their future developments. With this in their minds, they have not missed the ladder since all market players are expecting a significant rise in land prices with over ten percent. If this will come to pass, they will have a big return on the investment.
Tay Huey Ying, who heads research and consultancy at the JLL real estate agency, says, the key aspect is that the local developers should make sure that they are acquiring all the key sites located at the central district and keep off foreigners from such as CSC Land from China as well as Kashings Japura Pte Limited which is a Hong Kong mogul from acquiring sites in these prime areas of Fourth Avenue and Jiak Kim Street.
On 29th September and 31st October, the two sites Jiak Kim Street and the Fourth Avenue sites respectively applications for sales were allowed to go on by the URA.
The tenders are to be awarded to the appropriate bidder once the evaluation process is through.
Riviere Condo by Frasers project details have been since announced on the official site.
https://southbeachresidences-official.sgSouth Beach Residences is a modern establishment that has set new standards in regard to architecture and luxury living. This integrated development features a mix of commercial spaces, penthouses, retail shops, grandeur condo and apartments. A hotel with members-only clubhouse is an additional facility Investors and homeowners here can enjoy.
This mixed development structure contains 190 deluxe residential units all located within the upper 22 storeys, 500,000 square feet of state of the art office space and a 5-star hotel occupying the remaining 23 floors. Here residents can wine and dine, go shopping, and party the night away without setting foot out of the building premises. Savvy homeowners and investors are scrambling for their own share of what South Beach residencies have to offer as they find this level of convenience extremely alluring.
From the penthouses and apartments, one can see 360-degree views of the entire town. Placing the residential units in the upper floors was a deliberate move aimed at rewarding the owners with breathtaking sights like the Marina Bay and the Central business district both which are only a stone throw away.
Within sight is the War Memorial which sits on conserved land along with three more historic structures preserved for their cultural, heritage, and architectural significance. Ultimately this contributes extensively to the visual appeal of south beach residences. Residents here will enjoy various amenities, and easy access in and out of the city thanks to an underground passage linking to the City Hall MRT station, Suntec City, and Esplanade MRT station. The underground passage becomes an expedient option especially when it is raining heavily outside or you are trying to stay away from the scorching sun, here you can also find retail outlets, restaurants, and food joints which almost eliminates the need to head out of to the CBD to eat or shop.
The South Beach Residencies penthouses and condos apartments are divided as follows;
. One five bedroom penthouse measuring 5,768 square feet
. Two four bedroom penthouses measuring 4,127 to 5,629 square feet
. Three three bedroom penthouses measuring 3,581 to 5,048 square feet
. 35 four bedroom apartments and condos measuring 2,282 to 2,627 square feet
. 61 three bedroom condos and apartments measuring 1,733 to 2,260 square feet
. 88 two bedroom apartments measuring 968 to 1647 square feet
Amenities near South beach Residences include Schools and learning institutions such as;
- Creatif Mindz Education Center
- Pusat Pendidikan Azhar
- Stamford Primary School
Hotels such as;
- Asia Grand
- Si Chuan Dou Hua
- Pascar Beila
- District 10
If you reside here and want to go shopping outside of South Beach Residences, you will be spoilt for choice. Nearby shopping centers include;
- Raffles City
- Suntec City
- Bugis Junction
The brains behind South Beach Residences is the renowned City Developments Limited-CDL. The developer ranks top among prominent landlords in the area. Founded in 1963, this is no new player in the development arena with numerous world-class projects to its name. What with properties in North America, New Zealand, the Middle East, Asia, and Europe, CDL has proven to be an international property developer transforming the bare land into the most magnificent spaces. They are famous for working on integrated structures that conform to the needs of the environment which has, in turn, earned them recognition both internationally and in Singapore
The Amber Park (Now The Opus) in Singapore which covers a 200-unit development in Amber Gardens has been sold to two privately owned companies. The Hong Leong Group purchased Amber Park for a value estimated to be S$906.7 million.
Among the units involved in Singapore’s latest collective sale of Amber Park are listed Hong Reality and the City Developments’ fully-owned subsidiary Cityzens Developments(CDL). Hong Reality as a shareholder of this project holds a 20% stake. Besides, it is the private real estate branch of the Hong Leong Group.
According to the 2014 Master Plan, the Amber Park site(approximately 213,670 sq ft) is meant for residential use. The gross plot ratio was to be 2:8. Depending on the technical height regulations imposed by concerned authorities, Amber Park Site may be renovated and developed so that it can sustain the increase apartment development of about 24-26 storeys.
In a statement, on Wednesday,4th of October, Mr.Tan Hong Boon(regional director at JLL) said that so far they have received eight bids for tender. He also claimed that the bids for tender is very competitive and it is keenly contested.
Sources indicate that the value(S$906.7 million) under which Amber Park was sold translates to a land rate of around S$1,515/sq ft per plot ratio. This is in reference to the initial gross plot ratio of 2:8. Remember, development fees are not payable for the proposed development. History shows that this the 4th time that Amber Park was offered for sale collectively.
Mr.Tan in his statement claims that apart from Amber Park Site in Amber Road location, there are no many sites of the same size that are there for redevelopment in Singapore. He says that majority of the bigger projects have been sold en bloc. They have also been redeveloped for the last couple of years.Mr.Tan also noted that there is a high chance of Amber Park being one of the last collective sale sites that has a land area of over 200,000 sq ft in the city.
Under the sale which the Park was sold, its owners anticipate getting gross sale proceeds that range from S$4.3 million to S$8.3 million for every owner. Elsewhere, CDL claims that is conversant with the District fifteen locale.CDL is proud of itself by developing the current 200 unit Amber Park in 1980s and finished it in 1986.
Hong Reality and CDL are planning to redevelop Amber Park Site to become a want way destination for people in Singapore. The site will consist of four storey building that has up to 800 units with a basement carpark. This proposal is subject to approval. Majority of apartments will comprise of a North to South facing orientation. Most units will also have commanding sea views.
Mr.Kwek Sherman( CDL C.E.O/designate) noted that when they won tender for redeveloping Amber Park in 1980s, it was one of the most vital investment deals in the country of Singapore residential market in recent times. He says that they were honored to redevelop the site into an iconic landmark(for the opus) that offers freehold status in Singapore.
Learn More: https://theopus-official.sg
1. Black Panther
The highly awaited solo hero movie for Black Panther hit theatres in February. Fans finally got enjoy the ascendance of T’Challa (Boseman) to the Wakandan
throne after his father’s death in Captain America: Civil War. With an all-star cast including Michael B. Jordan and Lupita Nyong’o, Black Panther depicts the
journey of the new king while navigating his country’s past and figuring out the future. The fight against unexpected enemies and alongside powerful allies
took the movie to brand new high grounds, grossing $700,059,566 worldwide.
2. Avengers: Infinity War
Considered by many as the most ambitious super-hero project to ever make it to the big screen, Avengers: Infinity War grossed $678,815,482 total. Fans all
over the world had been anticipating the film ever since Iron Man first hit the screens to bring a new life to the Marvel Cinematic Universe as we know it. For
the first time ever, all the comic book’s greatest heroes came together in a single motion picture to defeat the greatest threat the universe has encountered –
Thanos, who will stop at nothing to achieve his goal of decimating half the universe’s population. From the original Avengers cast to The Guardians of The
Galaxy, Spider-Man and Doctor Strange, this movie made the joys and broke the hearts of Marvel aficionados everywhere.
3. Incredibles 2
With the first installment of the movie coming out in 2004, it’s no wonder Incredibles 2 hit an impressive $608,581,744 at the box office. More than a decade
after we last saw our favorite family, they are back to fight against the forces of evil. But this time it’s different – Mr.Incredible is now in charge of taking care
of the Incredible kids, Violet, Dash and baby Jack-Jack, while his wife Helen is out there defeating the nastiest villains out there. Once a new and powerful
criminal appears, the family needs to come together yet again, plus their friend Frozone, and learn how to be Incredible once more – alongside all the confusing
day-to-day hazards of life.
4. Jurassic World: Fallen Kingdom
Chris Pratt wasn’t just part of one, but two of the highest grossing films of the year. Alongside Avengers: Infinity War, the actor got to be the leading man of
the sequel of Jurassic World. Hitting the theatres in June, Fallen Kingdom harnessed $416,769,345 worldwide, taking audiences everywhere on a journey
through Isla Nobrar, after the formerly imposing dinosaur park is ravaged. With its destruction and the impending threat of a volcanic eruption, Owen and
Claire make it their mission to save the dinosaurs that endure, one that ends up exposing a plot to end the world as we know it.
5. Deadpool 2
He’s the anti-hero everyone hates to love, and Deadpool’s second coming proved just that, with a whopping $318,491,426 at the box office. This time around, fans get to join mercenary Wade Wilson as he puts together a squad of mutant misfits to protect a fellow mutant child from a time-travelling cyborg, while also making important discoveries about what family and friendship mean – with the just the right amount of sass.
Singapore is a standout among the most lovely nations in South East Asia for occasion excursions with families, companions and dear ones. Its rich culture and
customs, man-made wonders, current workmanship and engineering, sky-kissing building, throbbing nightlife, the extensive variety of vacation spots and
significantly more. Aside from that Singapore visits is made progressively wonderful and important way the world-class convenience offices, cordial
individuals who never give you a chance to feel far from home and the charming climatic conditions. Really getting a charge out of the get-away in Singapore is
an ordeal of a lifetime, which each guest will treasure a lifetime experience and love to visit this nation over and over with families, companions and friends and
Singapore is a little island nation situated in South Eastern Asia. In spite of the fact that the thickness populace in this city-state is on the higher express, its rich
greenery, parks and nature hold make it an extremely well-known occasion goal. The city is an amalgam of India, Malay and Chinese culture and gives soul
nourishment to the explorer for whom each place is a learning knowledge.
An outing to Singapore stays fragmented if you have not visited any of these spots.
The Singapore River is the place the new and old exist in flawless amicability. It is additionally a place where the over a wide span of time impact. The North
Bank has a place with history and it is said that Raffles manufactured his settlement here. Indeed, even today you can discover numerous focal Government
structures here. The South, notwithstanding, has a place with the new elevated structures and high rises that have a place with banks and other essential
workplaces. Between the two banks lie the hot happening hotspots of Singapore, for example, Boat Quay, Clarke Quay and Robertson Quay.
This street is a heaven for the shopping visit. Toward the North of the Singapore waterway and toward the West of the focal business locale, is the Orchard
street which is additionally a system of marvellous, alluring shopping centres. The plantation trees coating the street give help from the sharp sun-beams of the
Every place has a little history joined to it. As you meander along the roads of China town, you start to see a tad of China all over the place. There are small
shops moving everything from little plastic Buddhas, dried oceans ponies to other interesting knickknacks. China town gives a home to performing expressions.
Amid your walk around the walker shopping centre of Trengganu Street, in the event that you are sufficiently fortunate, you may get a look at those live
practices. You can deal with your heart’s substance and fill your packs with conventional knickknacks and extras. The road nourishment here will undoubtedly
stimulate your palette and you will recollect the neighbourhood flavours for a long time to come.
Singapore Holiday bundles offer a superb open door for travellers to see and investigate the charging excellence of the region in an awesome and important way.