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A rare opportunity is up for sale in the form of two freehold adjoining shophouses located at 5 and 7 Jasmine Road, off Upper Thomson Road. The two-storey shophouses have a combined floor area of about 3,940 sq ft and a guide price of $10.5 million, or $2,665 psf on the floor area.

The properties 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 near a number of major roads and expressways such as Upper Thomson Road, Lornie Road, Thomson Road, Braddell Road, Marymount Road and the Pan Island Expressway, the properties have great accessibility. They are just a minute’s walk away from Upper Thomson MRT Station and Caldecott MRT Station, both part of the Thomson-East Coast Line and the Circle Line respectively.

Investors can look forward …

At a guide price of $63 million, the owners of a 26-unit walk-up development at 52 to 62H Tanjong Katong Road have relaunched the collective sale of the property. Boasting a land area of approximately 32,397 ft and zoned for residential use with an allowable gross plot ratio of 1.4 under the 2019 Master Plan, the sale could yield approximately 45,356 ft of gross floor area upon redevelopment.

The guide price works out to a land rate of $1,401 per square foot according to plot ratio (psf ppr) and includes an estimated land betterment charge of approximately $530,000. Additional 7% bonus balcony gross floor area allows the land rate to go down to $1,375 psf ppr.

Located just five stops to City Hall Interchange and within a 500m walk to Paya Lebar MRT Station as well as having many nearby shopping malls such as PLQ mall, i12 and Parkway Parade, …

Two-storey conservation shophouses in District 8 situated at 6 and 7 Perak Road have been listed with a guide price of $13 million which works out to $2,425 psf on the total floor area. These well-maintained shophouses have a built-up area of 5,360 sq ft and occupy a land area of approximately 2,870 sq ft. Approved to be used as a backpackers’ hostel, they have an 11.4m-wide frontage along Perak Road.

The properties are located in the Jalan Besar/Little India precinct, and are a three-minute walk to Rochor MRT Station. With strong rental demand, the current owner has received multiple offers from prospective tenants. The vendor is offering the shophouses with vacant possession, to enable the new owner to decide which tenant profile they desire for the property.

As the tourism sector is recovering strongly post-pandemic, the properties may be ideal for a hostel operator to take advantage of the …

Sandeep Sethi has been appointed as the division president of work dynamics in Asia Pacific by JLL. Possessing 27 years of experience in the corporate sector, Sandeep was chosen for the role due to his understanding of the dynamic nature of commercial real estate and the capacity to forge deep client relationships. He has previously served as the managing director and head of work dynamics for West Asia.

In this new position, Sandeep will manage services delivered to clients in North Asia, along with overseeing JLL’s share in mainland China and Hong Kong. He will be additionally responsible for the full real estate life Lumina Grand EC cycle for occupiers, including integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience and lease transaction management.

Reporting directly to Susheel Koul, JLL’s CEO for work dynamics in Asia Pacific, the role further entrenches Sethi’s accomplishments in the ten years …

. Singapore’s real estate investment sales got off to a slow start in 2023, let down by the country recording just $4.2 billion of investment sales during the first quarter. This was a marked decrease of 61% compared to the same period in 2022.

The residential market had its own share of challenges, with only $1.6 billion of deals made during the first three months of the year. However, the sale of Holland Tower is the first successful residential en bloc transaction in the Core Central Region since property cooling measures were imposed in December 2021. This suggests that there is a developing interest for prime locations for development sites, as the nation waits for signs of recovery from the pandemic.

Frasers Centrepoint Trust and Frasers Property paid $652.5 million for a 50% stake in Nex, one of the notable transactions that took place in the commercial sector. The industrial …