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Investment Land Sales in 1Q2020 Contributed by Government Land Sales

edthefuture April 15, 2020 No Comments

Investment Sales in 1Q2020 Dominated by Government Land Sales

Government Land Sales (GLS) residential sites contributed a predominant 68% to Singapore’s investment volume in 1Q2020, which reached a total transaction volume of $3.02 billion, according to Cushman & Wakefield (C&W).

Sales from the residential sector hit $2.02 billion, double the volume of 4Q2019. This is followed by the industrial sector, recording $606.8 million in transaction volume, a 22% q-o-q decline. The commercial sector followed at $183.4 million, marking a steep fall of 81% q-o-q.

The hospitality sector clocked no deals in the quarter, as travel bans and lockdowns in many countries led to a drop in investor appetite for such assets.

Meanwhile, big ticket commercial transactions were absent in the first quarter of the year. “Sellers were unwilling to lower prices significantly, hoping that the impact on the economy would be temporary and that market confidence would recover rapidly after.

the pandemic was contained,” says Christine Li, head of research for Singapore and Southeast Asia at C&W.
“Buyers were waiting on the sidelines to enter at more attractive prices as it is appearing increasingly likely that the reduction in economic activity from lockdowns will trigger a global recession,” she adds.

Instead, commercial investment sales was dominated by several strata deals. A South Korean high-net-worth individual acquired the 11th floor of Samsung Hub from Sun Venture for $49.8 million, the largest office deal of the quarter. This price of $3,800 psf was a record for the 999-year leasehold property, exceeding the previous high of $3,550 psf in 2018.

Another strata deal in the quarter was Hong Realty’s divestment of the 10th floor in Suntec Tower One to the Rosa family for $37.1 million or $2,580 psf, representing a 26% gain from Hong Realty’s purchase price of $29.5 million in 2018.

Ascendas REIT acquired a 25% stake in Galaxis for $102.9 million ($629 psf). C&W expects that a future injection of the remaining 75% into the REIT could happen in “subsequent quarters”, as the balance stake of Galaxis is currently held by parent company CapitaLand.

Ascendas REIT also sold Wisma Gulab to Heap Seng Group for $88 million, and 25 Changi South Street 1 to Hao Mart for $20.3 million, as part of its strategy to recycle capital into better performing assets.

Shaun Poh, executive director and head of capital markets Singapore, expects more bite-sized investment deals throughout the year. “There is still appetite particularly for office, hotel and logistics assets. We have not seen any distressed assets at the moment. This is largely because of the various stimulus packages by the government to help the hospitality as well as the retail-related industries, and sound financial position of most asset owners,” he explains.

“Launch activity might resume after the circuit breaker measures are lifted as investors begin to have a better grasp of the market situation and are in a better position to calculate their sums,” he says.

C&W expects investment activity for 2Q2020 to be hampered by the government’s “circuit breaker” measures. It forecasts that investment volume for the full year could be between $10 billion and $15 billion as buyers remain on the sidelines with a looming global recession.

Considerations When Shopping for a Security Camera for Home Use

edthefuture April 13, 2020 No Comments

Considerations When Shopping for a Security Camera for Home Use

Monitoring cameras for home protection are within the spending budget of any homeowner around America as pervasive safety measures technology drives costs lower. But regardless of how affordable that they are, you must look at your goals before purchasing surveillance cameras for house security.

If a person make a decision on a weatherproof digital camera, check along the see field you wish to capture in the course of the day for symptoms of glare. If flare is bad, either maneuver the camera or choose one with an adaptable shade

Hint: Try covering a digital camera together with a width of cardboard boxes and take a photo as a result perspective to see if that works to remove glare. In the event that it does, you can easily find dating a monitoring camera by having an adjustable color of the same size.

Where do you need to put your surveillance cams? If a camera may be tucked securely below the eaves, then you definitely possibly don’t need a higher priced weatherproof camera. You could even go the considerably more affordable route employing the wireless camera.

If going wireless can be a problem because of limitations, inspect power source and even plan your cable series. Many vendors of cctv surveillance cameras for home safety throw in free cable connection. So be ready might or negotiate for many from the length you require. You can even look for extra length if if you’re buying more than one particular camera from an one supplier.

If most likely more concerned about night security, then choose some sort of black-and-white camera or some sort of day-to-night one. Black-and-white eye-sight is ideal for minor light situations.

Day-to-night cams, however are built with infrared illuminators. When light situations fall below levels in which images can be observed, a sensor activates the particular illuminators.

Consider using cordless surveillance cameras for house security within just your windows. It can cheap, flexible, and an individual keep your equipment securely indoors.

Day-to-night surveillance digital cameras for home security could prove costly. But if daytime observing is just as important a target to you as night time surveillance is, then it can worth it.

Are an individual buying cameras as element of a home safety system? Then make certain you need enough slots or jacks for expansion.

A dependable burglar alarm ($240 and even up) has around 35 ports or maybe more for devices plus cameras. That’s most likely more than a normal homeowner needs.

Phoenix Residences Former Phoenix Heights Enbloc Launching in 2020 by OKP Holdings

edthefuture March 16, 2020 No Comments

Phoenix Residences is another improvement found right at the core of Bukit Panjang by OKP Holdings. The improvement is the previous Phoenix Heights that was effectively offered to USB Holdings which is a unit of OKP Holdings. The advancement is purchased over by mainboard-recorded development organization and OKP Holdings purchased the improvement for a sum of $33.1 million for the improvement situated at Phoenix Avenue. In light of the Master Plan, the previous Phoenix Heights sits on a rectuangular plot of land with a plot proportion 1.4 that has a land size of 42,750sqft and a maximum Gross Floor Area of 59,825 square feet. The previous Phoenix Heights have an outstanding lease of 50 Years left for the residency on the land and Phoenix Residences will be re-given with a crisp 99 Years rent upon top-up by OKP Holdings.

Phoenix Residences District 23 Located at Bukit Timah Road

District 23 situated at Bukit Panjang OKP Holdings Condo has consistently been sought after with respect to the property that are situated around the region. This is on the grounds that there are many prime luxuries and the region is only a short drive away to Bukit Timah by means of Upper Bukit Timah Road just as Jurong East. The accommodation give occupants different pleasantries at the doorstep and in this way Phoenix Residences situated at Phoenix Walk is a profoundly looked for after area. There are numerous luxuries that are situated at Phoenix Residences District 23 and these incorporate recreation spots like feasting, retail and shopping. Phoenix Residences is a short good ways from every one of these comforts and everything that you need is a short walk or short drive away. There are likewise numerous notorious strip malls that are situated close to Phoenix Residences, for example, Bukit Panjang Plaza and Hillion Mall and in this way accommodation is directly at your doorstep.

Phoenix Residences District 23 Condo Near to Zhenghua Primary School

Phoenix Residences Located at Bukit Panjang Road Close to Upper Bukit Timah

For occupants of Phoenix Residences OKP Holdings who are searching for diners close to the advancement, Bukit Panjang is known to be where there are numerous gourmet diners that are situated in the private bequest. A portion of these feasting places are situated along the shophouses along Upper Bukit Timah Road just as Bukit Panjang Road and in this manner you can generally discover some quality eating dinners after your work or with your family. No all the more cooking is required. Regardless of being situated at District 23, Phoenix Residences presents a perfect choice for purchasers who might want to live approach their work places. Phoenix Residences is situated close to Jurong which is close to the Jurong East Commercial territory where they are numerous workplaces and consequently Phoenix Residence is basically a short drive away from Jurong East District.

Phoenix Residences Near to Ng Teng Fong Hospital

Phoenix Residences OKP Holdings situated at Bukit Panjang is likewise situated close to numerous emergency clinics and care focuses and this makes an amazing retirement home. For instance, Phoenix Residences is situated close to Ng Teng Fong Hospital just as other day care focuses. Finding a workable pace for tests and master arrangements is along these lines simple and advantageous.

Phoenix Residences Near to Lot One Shopping Centre and Bukit Panjang Shopping Centre

Phoenix Residences Bukit Panjang MRT Station OKP Holdings Condo

Phoenix Residences is situated in the area of Bukit Panjang that is effectively open to different pieces of Singapore. Driving to and from home is simple as there is as of now a set up transportation arrange that is as of now existing in the area of Bukit Panjang. The current Bukit Panjang MRT Station together with Bukit Panjang Integrated vehicle center point is directly at your doorstep and subsequently Phoenix Residences area is profoundly looked for after in the peaceful enclave of Bukit Panjang. Phoenix Residences area is served by Bukit Panjang Road and Bukit Timah Road and there is a wide scope of other vehicle choices, for example, Busses that work along Bukit Panjang Road and Choa Chu Kang Road just as the Light Railway Transport (LRT) that serves the inhabitants close by. In this manner, Phoenix Residences Owners will have the option to appreciate the advantages that are accessible for the occupants. Shipping around the enhancements likewise will take shorter time and everything is at your doorstep.

Phoenix Residences Located Near to Schools and Educational Institutions

Vicinity to schools is one of the most significant criteria while picking a home. Region 23 is one of only a handful scarcely any chose decisions as it is a set up private enclave with numerous schools close by because of it being a full grown bequest. Being a full grown bequest additionally implies that there are numerous families with school going kids and along these lines there are numerous local schools close to Phoenix Residences situated alongside Phoenix Residences area. A portion of the schools are additionally only a couple of transport prevents away from Phoenix Walk and subsequently accommodation is at your doorstep.

Phoenix Residences New Development Located in the City Former Phoenix Heights Enbloc

Being close to schools implied that the children making a trip to class will be progressively helpful and lesser time is expected to travel for OKP Holdings Condo. Subsequently, the children and get up later and can possess more energy for other significant exercises. The guardians can likewise possess more energy for their own and for work moreover. A portion of the schools that are situated close to Phoenix Residences Location incorporate the beneath

Teck Whye Primary School

Choa Chu Kang Secondary School

West View Primary School

Fajar Secondary School

Presumption Pathway School

Zhenghua Primary School

West View Primary School

South View Primary School

Inside the area of Phoenix Residences OKP Holdings additionally lies a totally different scope of instructive focuses, for example, kindergarten and other childcare habitats at the comfort of Phoenix Residences proprietors. Together with the strip malls and other retail outlets close to Phoenix Residences, a total family living experience anticipates you at the improvement.

Phoenix Residences Near to Retail Malls and Shophouses in Choa Chu Kang

One of the features of Phoenix Residences OKP Holdings is that it is situated close to many strip malls that is inside a short separation away. Huge numbers of the malls are a short drive away also and this mean customers would have the option to approach all their shopping things very quickly. There are numerous retail decisions accessible at these strip malls and practically all things are accessible. There is no requirement for occupants of Phoenix Residences to make a trip to different pieces of Singapore and a considerable lot of the things are practically around the bend, be it at the HDB shops on the first floor or a large number of the studio shop houses that are littered along Bukit Panjang Road and Choa Chu Kang.

Phoenix Residences Near to Bukit Panjang School and Other Educational Institutions

A portion of the shopping centers situated at Bukit Panjang likewise includes full size nourishment court for your ordinary use. There are additionally numerous different shops, for example, skincare and business exercise centers to guarantee that the inhabitants of Phoenix Residences have a total and dynamic way of life. Numerous other medicinal services foundations are additionally situated inside these shopping centers, for example, general experts facilities just as human services shops accessible.

Phoenix Residences OKP Holdings Near to Bukit Panjang MRT Station

Bukit Panjang is not as swanky as Orchard, nor is it as happening as new towns like Tampines or Punggol. But as a resident who moved into Bukit Panjang just 5 years ago – after staying in Clementi, Choa Chu Kang and Yew Tee in the past – I’ve since grown to love its quiet charm.

In fact, it’s one of the most underrated neighbourhoods in Singapore. The beauty of the many parks and nature spots entice you to step out of the house, and there’s a hidden glow-in-the-dark path that lights up the way at night.

From scenic boardwalks to hot supper spots, here are the perks of living at Bukit Panjang that only residents of the area are privy to – until now.

Zhenghua Nature Park is another highlight of Bukit Panjang. It’s roughly the size of 16 football fields and stretches along part of the BKE. Even though it’s nestled beside rows of HDBs, its trees are densely packed together and the shrubs are unpruned at certain areas – making you feel like you’re truly in the wild.

Eateries Located Near to Phoenix Avenue Condo

Zhenghua Nature Park near Phoenix Residences OKP Holdings is another highlight of Bukit Panjang. It’s roughly the size of 16 football fields and stretches along part of the BKE. Even though it’s nestled beside rows of HDBs, its trees are densely packed together and the shrubs are unpruned at certain areas – making you feel like you’re truly in the wild.

Bukit Panjang’s crown jewel is our famous ke kou mian (from $3.50) from Hai Xian Zhu Zhou. The stall’s name translates literally into Seafood Porridge, and is located at the kopitiam at Blk 163A, Gangsa Road.

Mention Bukit Panjang to any Singaporean and images of a typical Housing & Development Board (HDB) town will likely come to mind. In fact, a peak-hour trip through Bukit Panjang on a Light Rapid Transit (LRT) train will bring one face-to-face with rows of towering residential flats, punctuated occasionally by the odd park or community space. As the train-car glides into Bukit Panjang Integrated Transport Hub, waves of passengers can be glimpsed hurrying along, some bound for the spanking new Hillion Mall. A quick glance, and it is soon apparent that many of these commuters have just arrived via the adjacent Downtown Mass Rapid Transit (MRT) Line, returning for a day’s work in the city.

Phoenix Residences Upper Bukit Timah Road OKP Holdings Singapore

Hillion Mall Shopping Centre and Lot One Shopping Mall Close to Phoenix Residences

A portion of the strip malls situated close to Phoenix Residences incorporate Hillion Mall. The strip mall is a well known shopping center sum the occupants of Bukit Panjang and Choa Chu Kang as it is legitimately incorporated with Bukit Panjang Integrated vehicle center. Hillion Mall comprise of pretty much every shop that a customer needs to finish their shopping encounters. As Hillion Mall provides food for the most part to the groups of Bukit Panjang, there are numerous offices that take into account kids also, for example, preparing foundation, open play areas just as educational cost communities. Hillion Mall is undoubtedly a total way of life shopping center that takes into account customers from varying backgrounds.

Many Shopping Centres Located Nearby OKP Holdings Condo

Another shopping center that is situated close to Phoenix Residences is Bukit Panjang Shopping Center. While Hillion Mall is moderately new and situated alongside Hillion MRT Station, Bukit Panjang Shopping Center is situated in the area of Bukit Panjang and has been around longer contrasted with Hillion Mall. Bukit Panjang Shopping Center is likewise celebrated for being a shopping center with numerous F&B feasting alternatives just as topical restaurants situated inside the shopping center.

Bukit Panjang stays as one of the most profoundly looked for after area. Together with the strip malls and the restaurants that are situated inside a short stroll of Phoenix Residences, accommodations are situated at your entryway step. There are likewise other strip malls that are found a short drive away, for example, Lot One Shopper’s Mall and Choa Chu Kang Center.

Half a century ago, however, the commute to Bukit Panjang would have had been made not in air-conditioned comfort, but in a Vulcan omnibus operated by the Green Bus Company. Trundling down Upper Bukit Timah Road on bus service No. 2, one would have encountered acres of dense foliage, interspersed with factories belching out thick, grey smoke. Every now and then, a cacophony of intoned hawker voices would have wafted through the bus’ opened windows, as if attempting to compete with the periodic whistle of the Malayan Railway locomotive as it thundered towards the level crossing at Choa Chu Kang Road. As the bus wound around the traffic circus situated where Junction 10 stands today, a mishmash of zinc and brick shophouses would have come into view.

Junction 10 and Bukit Panjang Shopping Centre Nearby

Long before the advent of shopping malls such as Junction 10, “tenth mile” had already been used colloquially to refer to Bukit Panjang. In fact, the origins of both toponyms can be traced to the mid-1800s, when a number of settlements emerged at the 10th milestone of Bukit Timah Road, near a 132-metre hill known as Bukit Panjang (which means “long hill” in Malay).2 Initially inhabited by gambier and pepper planters, these settlements began to expand when Bukit Timah Road was extended northwards to Kranji in 1845. In the process, new forms of economic activity such as rubber cultivation were introduced to Bukit Panjang.3 In 1912, the well-known business magnate Ong Sam Leong was reported to have tapped the first tree at his new Bukit Panjang Rubber Estate, which was located at the 101⁄2 milestone of Bukit Timah Road. That such estates were likely a defining feature of the then Bukit Panjang landscape is also suggested by a Malaya Tribune report of 1916 announcing the auction of another possibly similar rubber and coconut estate at Chua Chu Kang Road near the Bukit Panjang Railway Station.

What You Should Know About Home Renovation Loans

edthefuture February 10, 2020 No Comments

It does not matter whether you are a new homeowner or you have owned the home for many years; you ought to live your desired life now. Therefore, you ought to improve your living environment. What is the point of working hard only to come back to a home that is unwelcoming, ugly, full of peeling paint, clutter everywhere, and poor plumbing?

The truth is that you and your family deserve a better home. Home renovation is a good idea and can improve the value of your home if you are planning to resale it. The right time to renovate your home is now. That is where a home renovation loan can be of great help. These are some things to know about it. Please see the latest development at Penrose Condo located near to Aljunied MRT Station. Penrose is by the developer City Developments Limited.

If you are good at saving and you can set aside hundreds of dollars each month for home renovation, it may take you several years to get enough cash for renovation. The average cost of a renovation project is $30,000. In this case, the cost covers only basics that include kitchen, TV feature wall, built-in robes, bathroom, and lighting.

When you begin adding extras such as reconfiguring layouts, hacking walls, furniture, curtains, and installing a smart home or automation technology, the figure is likely to double or triple. Remember that it is based on today’s market price.

As you know, you should take a few market corrections and short-term recessions. That is because prices tend to go up in the long-run. Ideally, if you wait and save, you are only chasing a fast-moving target. When you wait for longer, you will realize that the price keeps increasing. Moreover, you are only short-changing yourself by living in an impractical and uninspiring environment.

When you seek out a home renovation or home improvement loan from a reliable financial institution, you are likely to renovate your home years earlier than you waited to save and pay in cash. In this way, you will enjoy many years of life that is enhanced by a better quality of life for your family. If you are a teenager or parent, the years you spend together with your family are limited. As you know, your children will grow up, go to college, marry, and even relocate. The right time to make your family happy is now.

You should note that renovation loans are unsecured and purposeful in nature. That means you are not required to provide collateral or security. Therefore, the major considerations include your credit-worthiness that is determined by your debt repayment conduct and debt servicing capabilities. The bank will assess all these factors and provide you a loan that you can repay back.

The days when you had to stick with a single bank for the entire life are long gone. In fact, modern consumers are more educated and less loyal. Nowadays, the loan market is more open, and it is advisable to shop around. Moreover, the internet has made information easily accessible and readily available.

There are different websites that provide adequate information on home renovation loans plus comparisons. Usually, the comparisons are based on interest rates, processing fees, cancellation fees, and prepayment rates. Also, you should consider the time the bank takes to approve your loan and what is involved. Some banks provide you with an of paying in advance your loan. Ensure you weigh up everything before you decide on the loan that suits you.

What you ought to understand is that banks provide extra perks when you apply for home renovation loans online. If you fear the prospect of committing to several years of repayment, fret not. Usually, after you make an online application, the bank will contact you and walk you through the entire process.

After you complete your home renovation, it is time you begin enjoying improved living conditions. When renovating your home, ensure you use modern building materials as they are cost-effective and also install smart home technologies. In this way, you can reduce your utility bills.