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Smarter And Niche Developments Impress At Annual PropertyGuru Singapore Property Awards

Posted by Singapore Property Launch on 13th October 2018 in Blog
PropertyGuru Singapore Property Awards 2018 crop

Exclusive gala recognised the finest in one of Asia-Pacific’s leading property markets.

– Qingjian Realty wins Best Developer and Best Smart Building Development for JadeScape

– Gongs presented to outstanding green developments, and Changi Airport’s Terminal 4

– Promising female real estate leaders take the spotlight, including SingHaiyi’s Celine Tang as the first-ever female Singapore Real Estate Personality of the Year winner

An elite roster of winning properties and developers took the stage at the 8th annual PropertyGuru Asia Property Awards (Singapore) gala dinner, presented by Kohler on Friday evening (12 October) at the Sands Expo and Convention Centre at Marina Bay Sands.

The coveted Best Developer title went to Qingjian Realty, which collected a total of eight golden statuettes and four commendations at the end of the four-hour gala.

“QingJian Realty has truly exceeded the expectations of its loyal consumers as well as the judging panel for launching and producing well thought-out and carefully designed developments that combine smart, eco-friendly, universally accessible features, and outstanding customer care policies,” said the independent panel of experts.

“In the past year, the company has boosted its community engagements through volunteer programmes, cementing its reputation as one of Singapore’s finest developers.”

Another top winner was UOL Group, earning the new Special Recognition for Design and Construction, plus gongs for Sustainable Development and CSR (corporate social responsibility).

Several categories were introduced this year as the judges saw the opportunity to acknowledge essential and niche segments of the market that showcase functionality, sustainability and smarter technology for the benefit of consumers.

Amongst the new gongs presented are the Special Recognition for Public Facility, presented to two winners: Learning Forest @ Singapore Botanic Garden by Stephen Caffyn Landscape Design, and Singapore Changi Airport (Terminal 4).

The ceremony also presented Best Industrial Development and Best Industrial Green Development for Logos-Yang Kee Logistic Warehouse by LOGOS, and Best Smart Building Development for JadeScape by Qingjian Realty.

In addition, Qingjian won the new Special Recognition for Customer Care for creating seamless communication channels between the developer and their customers, and the new Best Residential Green Development for Le Quest.

A total of 30 golden statuettes were handed out at the exclusive ceremony that also celebrated strong female leaderships, marked by the election of Lim Wenhui, partner at SPARK Architects, as the new chairperson of the judging panel.

The event also hailed the first-ever female Real Estate of the Year winner in Singapore –– SingHaiyi Group Ltd’s group managing director Celine Tang, who was selected by the editors of PropertyGuru Property Report magazine for leading her company’s efforts in building a trustworthy brand by providing high quality real estate developments such as the award-winning The Vales, as well as for helping to break the glass ceiling for female leaders in the building industry.

Lewis Ng, chief business officer of PropertyGuru Group, who presented Mrs. Tang her special award, said: “It is such a joy that we have come together tonight to celebrate the best of the industry – from the residential and commercial sectors, and design, and the most outstanding Singaporean developers as they pursue greatness and elevate industry standards. Congratulations in advance to all the Winning and Highly Commended companies for lifting our spirits and raising the threshold of excellence. Well done and you have our thanks for making an impact in the industry.”

Terry Blackburn, founder and managing director of the PropertyGuru Asia Property Awards, said: “Since we started recognising Singaporean developers in 2011, the Awards have grown year on year through market ups and downs, and we’re grateful for the support of the finest developers in the industry. The quality of design and construction here in Singapore has clearly made its influence felt around Asia, and has undoubtedly played a part in attracting more and more countries to be benchmarked alongside developments here.”

The 2018 PropertyGuru Asia Property Awards (Singapore) gala dinner was supported by platinum sponsor Kohler; co-sponsor Mitsubishi Electric; official portal partner PropertyGuru.com.sg, Singapore’s No. 1 property site; media partners Southeast Asia Globe, LookBox Living, Top 10 of Asia, and PropertyGuru Property Report; and official supervisor BDO, one of the world’s largest auditing and accountancy firms.

Head judge Lim Wenhui was joined on the judging panel by experts in design and consultancy: Alexander Karolik Shlaen – CEO, Panache Management; Benedict Andrew Lim – EY Partner, ASEAN Real Estate Leader; Clement Ong – Head of Strategic Planning and Investment, Banyan Tree Group; Henry Woon – Director, Atelier Ten, CEng MCIBSE, MSc, BEng, LEED AP BD+C; Kristin Thorsteins – Vice President Development & Asset Management, East & South Asia and Pacific (ESAP), Club Med; and Mink Tan – Chief Designer, MINKKE architects. BDO Singapore supervisors are led by executive director Roger Loo and manager Zee Chang Teng (Christopher).

COMPLETE LIST OF WINNERS AND HIGHLY COMMENDED

8th PropertyGuru Asia Property Awards (Singapore) 2018

DEVELOPER AWARDS

Best Developer

WINNER: Qingjian Realty (South Pacific) Group Pte Ltd

Special Recognition in CSR

WINNER: Keppel Land Limited

WINNER: UOL Group Limited

Special Recognition in Sustainable Development

WINNER: UOL Group Limited

Special Recognition for Design and Construction

WINNER: Keppel Land Limited

WINNER: UOL Group Limited

Special Recognition for Building Communities

WINNER: Keppel Land Limited

WINNER: Qingjian Realty (South Pacific) Group Pte Ltd

Special Recognition for Customer Care

WINNER: Qingjian Realty (South Pacific) Group Pte Ltd

DEVELOPMENT AWARDS

Best Luxury Condo Development

WINNER: 8 St Thomas by Bukit Sembawang Estates Limited

HIGHLY COMMENDED: Amber45 by UOL Group Limited

Best Private Condo Development

WINNER: Stirling Residences by LN Development (Stirling) Pte Ltd

HIGHLY COMMENDED: Highline Residences by Keppel Land Limited

HIGHLY COMMENDED: JadeScape by Qingjian Realty (Marymount) Pte Ltd

HIGHLY COMMENDED: The Tre Ver by UOL Group Limited & Singapore Land Ltd

HIGHLY COMMENDED: Twin VEW by CSC Land Group (Singapore) Pte Ltd

Best Executive Condo Development

WINNER: The Vales by Anchorvale Residences Pte Ltd

HIGHLY COMMENDED: Westwood Residences by Koh Brothers Development Pte. Ltd & Heeton Homes Pte. Ltd.

Best Landed Development

WINNER: Belgravia Green by Fairview Developments Pte Ltd (a unit of Tong Eng Group)

HIGHLY COMMENDED: Nim Collection by Bukit Sembawang Estates Limited

Best Office Development

WINNER: Arc 380 by Tong Eng Group

Best Mixed Use Development

WINNER: Le Quest by Qingjian Realty (BBR) Pte Ltd

HIGHLY COMMENDED: Centrium Square by Feature Development Pte Ltd (a unit of Tong Eng Group)

Best Industrial Development

WINNER: Logos-Yang Kee Logistic Warehouse by LOGOS

HIGHLY COMMENDED: Tai Seng Centre by NS Property Development Pte Ltd

Best Smart Building Development

WINNER: JadeScape by Qingjian Realty (Marymount) Pte Ltd

HIGHLY COMMENDED: Le Quest by Qingjian Realty (BBR) Pte Ltd

DESIGN AWARDS

Best Luxury Condo Architectural Design

WINNER: 8 St Thomas by Bukit Sembawang Estates Limited

Best Luxury Condo Interior Design

WINNER: Amber45 by UOL Group Limited

HIGHLY COMMENDED: 8 St Thomas by Bukit Sembawang Estates Limited

Best Private Condo Architectural Design

WINNER: Stirling Residences by LN Development (Stirling) Pte Ltd

HIGHLY COMMENDED: Sim Urban Oasis by GuocoLand Singapore

HIGHLY COMMENDED: The Tre Ver by UOL Group Limited & Singapore Land Ltd

HIGHLY COMMENDED: Twin VEW by CSC Land Group (Singapore) Pte Ltd

Best Private Condo Interior Design

WINNER: JadeScape by Qingjian Realty (Marymount) Pte Ltd

HIGHLY COMMENDED: Stirling Residences by LN Development (Stirling) Pte Ltd

HIGHLY COMMENDED: The Tre Ver by UOL Group Limited & Singapore Land Ltd

HIGHLY COMMENDED: Twin VEW by CSC Land Group (Singapore) Pte Ltd

Best Private Condo Landscape Architectural Design

WINNER: Highline Residences by Keppel Land Limited

HIGHLY COMMENDED: JadeScape by Qingjian Realty (Marymount) Pte Ltd

HIGHLY COMMENDED: Stirling Residences by LN Development (Stirling) Pte Ltd

HIGHLY COMMENDED: The Tre Ver by UOL Group Limited & Singapore Land Ltd

HIGHLY COMMENDED: Twin VEW by CSC Land Group (Singapore) Pte Ltd

Best Executive Condo Architectural Design

WINNER: The Vales by Anchorvale Residences Pte Ltd

HIGHLY COMMENDED: Westwood Residences by Koh Brothers Development Pte. Ltd & Heeton Homes Pte. Ltd.

Best Executive Condo Interior Design

WINNER: The Vales by Anchorvale Residences Pte Ltd

Best Executive Condo Landscape Architectural Design

WINNER: Westwood Residences by Koh Brothers Development Pte. Ltd & Heeton Homes Pte. Ltd.

HIGHLY COMMENDED: The Vales by Anchorvale Residences Pte Ltd

Best Housing Architectural Design

WINNER: Nim Collection by Bukit Sembawang Estates Limited

Best Office Architectural Design

WINNER: Centrium Square by Feature Development Pte Ltd (a unit of Tong Eng Group)

BEST OF SINGAPORE AWARDS

Best Condo Development (Singapore)

WINNER: Stirling Residences by LN Development (Stirling) Pte Ltd

Best Residential Green Development

WINNER: Le Quest by Qingjian Realty (BBR) Pte Ltd

HIGHLY COMMENDED: Highline Residences by Keppel Land Limited

HIGHLY COMMENDED: Nim Collection by Bukit Sembawang Estates Limited

HIGHLY COMMENDED: Sim Urban Oasis by GuocoLand Singapore

Best Industrial Green Development

WINNER: Logos-Yang Kee Logistic Warehouse by LOGOS

SPECIAL AWARDS

Best Universal Design Development

WINNER: JadeScape by Qingjian Realty (Marymount) Pte Ltd

HIGHLY COMMENDED: Highline Residences by Keppel Land Limited

HIGHLY COMMENDED: Le Quest by Qingjian Realty (BBR) Pte Ltd

HIGHLY COMMENDED: Nim Collection by Bukit Sembawang Estates Limited

Special Recognition for Public Facility

WINNER: Learning Forest @ Singapore Botanic Garden by Stephen Caffyn Landscape Design

WINNER: Singapore Changi Airport (Terminal 4) by Changi Airport Group (Singapore) Ptd Ltd (CAG)

PUBLISHER’S CHOICE

Singapore Real Estate Personality of the Year

WINNER: Celine Tang, Group Managing Director, SingHaiyi Group Ltd.

credits: propertyguru

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GCB Of Former HDB Chairman Sold For Nearly $94m

Posted by Singapore Property Launch on 10th October 2018 in Blog
Dalvey Road GCB crop

The sale price of the bungalow at Dalvey Road is lower than the expected price of about $100 million. (Photo: JLL)

The freehold good class bungalow (GCB) of Lim Kim San, the Housing and Development’s Board’s (HDB) first chairman, has changed hands for $93.9 million, reported iCompareLoan.

Located on a 52,059 sq ft site at 81 Dalvey Road, the property was purchased for $1,804 psf, but it was lower than the expected price of about $100 million.

It was sold by the estate of Lim Kim San, who is affectionately remembered as “Mr HDB” for successfully leading Singapore’s public housing programme in the 1960s and help alleviated the acute shortage of homes back then.

The GCB was sold to a Singaporean member of the Tsai family from Taiwan. The Tsai family’s late patriarch, Tsai Wan-lin, was deemed by Forbes as Taiwan’s wealthiest individual during the time of his death in 2004.

It was put up for sale on 31 July, with the tender exercise closing on 12 September.

The property’s high price tag is attributed to its large land area, elevated grounds and proximity to the Singapore Botanic Garden.

Aside from that, marketing agent JLL revealed that the site is spacious enough to be subdivided into three bungalow plots or two for big good class bungalows.

Completed in 1967, the property is situated within the White House Park GCB area and is one of the most prized houses among the 39 gazetted bungalow zones there.

“Dalvey Road is the premier address to homes of the who’s who in Singapore, including foreign high commissioners and ambassadors,” said JLL regional director Tan Hong Boon.

credits: propertyguru

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Faber Garden Up For En Bloc Sale Again

Posted by Singapore Property Launch on 7th October 2018 in Blog
Faber Garden Aerial resized

Faber Garden in Upper Thomson has a reserve price of $1.18 billion. (Photo: CBRE)

The owners of Faber Garden have relaunched the 236-unit development for en bloc sale, after its first attempt closed without a sale in May.

They have kept the reserve price unchanged at $1.18 billion.

Including the estimated development charges (DC) payable, the price works out to $1,414 psf per plot ratio (psf ppr), or $1,342 psf ppr if the 10 percent balcony space is included.

Marketing agent CBRE noted that the development charge payable to intensify the gross floor area (GFA) is $52.8 million. Including further development charge payable for the 10 percent bonus balcony GFA, the total DC payable is about $106.7 million.

Faber Garden is located on a 544,738 sq ft site zoned residential under the 2014 master plan with a plot ratio of 1.6 and a height limit of up to 12 storeys.

CBRE revealed that a traffic impact assessment has already been conducted for the development and the authorities will support 900 units for the proposed new development.

“The Faber Garden site is the largest freehold site in Upper Thomson. It provides developers ample planning flexibility to develop a landmark development in an exclusive, predominantly landed residential estate. With Bright Hill MRT station and the Central Natural Reserve at its doorstep, the site offers the ease of transport connectivity and tranquility of nature,” said CBRE capital markets executive director Galven Tan.

“While developers have become more selective with land acquisitions after the latest round of cooling measures, centrally located sites with exceptional attributes such as the Faber Garden site are rare, and continue to attract developers’ attention. The recent strong performance of Jadescape where 300 units were sold on the launch weekend, is further testament of the demand and popularity of the Thomson area,” he added.

The tender for Faber Garden closes on 31 October.

credits: propertyguru

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No Plans To Buy Back Unsold Flats Due To Ethnic Integration Policy

Posted by Singapore Property Launch on 6th October 2018 in Blog
High-rise HDB flats resize

The policy was introduced in 1989 and ensures there is a balanced mix of ethnic groups in HDB estates.

The government has no plans to buy back flats from homeowners who claim they are unable to sell their units due to the Ethnic Integration Policy (EIP), said National Development Minister Lawrence Wong in Parliament on Tuesday (3 Oct).

“The saleability of a flat in the open market is dependent on many factors, not just the EIP,” he said in responding to MP Lim Biow Chuan’s suggestion to help non-Chinese homeowners who are unable to sell their flats due to the EIP.

“While homeowners may have their own expectations of how much their flat can sell for, flat attributes such as location, storey height, physical condition, remaining lease and market sentiments would naturally be considered by prospective home buyers.”

Introduced in 1989, EIP ensures that there is a balanced mix of ethnic groups in HDB estates.

“The EIP is an important policy that is applied to all ethnic groups consistently,” noted Wong.

“It applies to the sale and purchase of all new and resale HDB flats, and is implemented for all ethnic groups.”

He noted, however, that those who are struggling to sell their flats may be given an extension of time by HDB, while advising them to be realistic with their asking prices.

“HDB will continue to exercise flexibility for households with exceptional circumstances,” he added.

credits: propertyguru

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40 Percent Of Mayfair Gardens Sold Over Launch Weekend

Posted by Singapore Property Launch on 4th October 2018 in Blog
Mayfair Gardens

Artist’s impression of Mayfair Gardens, a high-end condo in Bukit Timah.

Mayfair Gardens, Oxley Holdings’ latest luxury condominium project in Bukit Timah, moved 40 percent or 87 of its 215 units during its launch weekend on 29 to 30 September.

With an average price of $1,900 psf, the units sold range from one- to four-bedroom units, while three of its six penthouses also found buyers.

In an SGX filing, Oxley revealed that Singaporeans accounted for 85 percent of the buyers, while foreigners and permanent residents made up the remaining 15 percent.

Designed by DP Architects, Mayfair Gardens is the most upscale development within Oxley’s portfolio to date. The project boasts 55 facilities, including three sky terraces and a 75m swimming pool.

“Mayfair Gardens is the project of the decade for Oxley. Its British architectural design, efficient use of space, wide range of facilities and charming landscape offer home buyers a warm homely feeling,” said Oxley executive chairman and CEO Ching Chiat Kwong.

“Including Mayfair Gardens, we will launch three more projects before year-end. We are cautiously optimistic that our total sales for 2018 will reach 2,000 units.”

credits: propertyguru

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HDB Awards Anchorvale Crescent Site For $319m

Posted by Singapore Property Launch on 29th September 2018 in Blog
Anchorvale Crescent EC site 16Sept crop

Location map of the land parcel at Anchorvale Crescent. Source: HDB

The Housing and Development Board has awarded the tender for a land parcel at Anchorvale Crescent to Evia Real Estate (8) and Gamuda (Singapore), after the consortium submitted the highest bid of $319 million.

Launched for sale on 10 August, the 17,137.3 sq m site has a maximum gross floor area of 51,411.90 sq m and a gross plot ratio of 3.0.

It has a leasehold tenure of 99 years and could yield up to 550 housing units.

The tender for the executive condominium site closed on 14 September with seven bids received.

credits: propertyguru