The Myst Condo Former Tan Chong Industrial Estate at Bukit Panjang Downtown Line by City Developments Limited

CDL Aries, an affiliate of the renowned non-government-controlled developer in Singapore, has been granted the rights to two adjacent plots at 798 and 800 Upper Bukit Timah Road, which is located in the Tan Chong industrial park of northwest Singapore. These two plots together cover an area of 16,620 square metres (178,900 square feet) and are zoned for residential use with a plot ratio of 2.1. The developer is authorized to construct a 24-storey project on this prime plot, hereby giving rise to the Myst Condo project, situated right at the core of Bukit Panjang and Cashew.

The city-state has long been exploring ways to revitalise the Bukit Timah area. The implementation of several schemes to enhance connectivity and add green spaces to the area is part of this dynamic undertaking. Highlighting this drive is the Railway Corridor project near The Myst Condo, which seeks to transform disused railway tracks into a communal zone. Moreover, the Beauty World rejuvenation plan has been drawn up to create a sustainable urban village.

The renowned Hazel Park condominium building at the Myst Condo is home to an array of educational facilities, commercial spaces and parks. It stands 19 floors tall and is conveniently located in the vicinity of Tan Chong industrial park. Residents of the Myst Condo area are well-connected to public transportation, with the Cashew MRT station located a mere seven-minute walk away and the nearby Bukit Timah railway station reachable in just 13 minutes.

The acquisition of the Upper Bukit Timah site by CDL Aries has positioned them to benefit from the numerous development and revitalization plans underway in The Myst Condo location. With this purchase, CDL will be able to develop a residential project that can offer inhabitants and investors a sought-after address due to the standing and convenience of the area.

The Myst Condo provides an excellent location with convenient access to the rest of Singapore, as well as many conveniences within easy reach for occupants. CDL can make the most of the local green spaces and regeneration plans to craft a residential development that will enrich the neighbourhood and deliver a satisfying living experience for residents.

The potential of the new condominium tower in the dynamic residential area of Upper Bukit Timah has been spotted by CDL Aries, who are now in the ideal position to benefit from the various plans of development in the area. The two plots of land have been acquired for S$126.3 million ($92.5 million) and this could be the commencement of an attractive residential project for both Singaporeans and investors. It marks an exciting venture for the developer.

The condominium is only a few minutes’ walk from the integrated transport hub, and the nearby malls at Bukit Panjang Plaza and Hillion Mall offer a range of shops and eateries for the residents to enjoy.

The Myst Condo presents an unbeatable convenience for its residents, being situated near Bukit Panjang Integrated Transport Hub with a wealth of amenities to take advantage of. With the condominium being a few minutes’ walk away from the integrated hub, as well as the nearby malls at Bukit Panjang Plaza and Hillion Mall, both offering a variety of stores and restaurants, residents are spoilt for choice. For those who enjoy the occasional drive, major expressways like the Pan-Island Expressway (PIE) and Bukit Timah Expressway (BKE) are just a few minutes away.

Staying at The Myst Condo, located close to the Bukit Panjang Transport Hub, offers an unbeatable level of convenience and flexibility for multigenerational families. Commuting to any destination is made effortless, with MRT and LRT stations, as well as a Bus Interchange, all easily accessible from the residence. Drivers also benefit from its proximity to two major expressways, with the Pan-Island Expressway (PIE) and Bukit Timah Expressway (BKE) only a few minutes away.

Bukit Panjang Integrated Transport Hub is the 9th Integrated Transport Hub in Singapore. Located close to The Myst Condo, this convenient hub is connected to the nearby Hillion Mall. Within walking distance of The Myst Condo are a number of schools, offering parents with young children easy access to education. De La Salle School is among the many close by. In addition, the area is home to numerous international schools for those seeking a wider range of options. Thus, this property provides excellent access to a range of educational facilities.

The Myst Condo offers an array of amenities that residents can enjoy, including a clubhouse, lap pool, swimming pool, gym, basketball court, and a playground. In addition, the development has proximity to various conveniences, such as a 10 minute walk to the nearest MRT station and nearby shopping malls. Restaurants and eateries are also a short distance away, as are three MRT stations – Jelapang MRT, Choa Chu Kang MRT, and Yew Tee MRT. To further enhance the daily lifestyle of its residents, the developer of The Myst Condo offers a free shuttle bus service to Bukit Panjang Downtown MRT.

The Myst Condo offers great convenience in terms of its location with plenty of public transport options nearby. Bukit Panjang and Hillview MRT Stations can both be accessed within a 30 minute walk, while Bef Chestnut Avenue, Bukit Panjang Road and Upper Bukit Timah Road bus stops are the closest. It’s also only a 25-minute journey to Orchard Road and the Central Business District.

The Myst Condo of the forest at Bukit Timah Road is one of the most desirable residences in Singapore. Nestled amidst lush tropical vegetation, rolling hills and verdant greenery, this luxurious residential condominium boasts breathtaking views of the surrounding natural environment. Residents here are provided with a unique blend of urban comfort and natural beauty.

The Myst of the forest is renowned for its unencumbered vista, affording a captivating view of the verdant surroundings. From the lofty heights of the condominium, one can admire the remarkable Bukit Timah Nature Reserve, its rolling hills stretched across the horizon with a tranquil atmosphere. These majestic vistas create an atmosphere of serenity and peace.…

Exploring the Tranquil Bukit Panjang Town and Its Convenient Connectivity via the Downtown Line

As Singapore’s population continues to grow, urban planners have been hard at work developing new towns and expanding existing ones to cater to the changing needs of residents. One of the townships that have recently undergone significant transformation is Bukit Panjang, located in the north-western part of Singapore. Once a rural area characterized by rubber plantations and pig farms, Bukit Panjang is now a thriving suburban town with modern amenities and excellent connectivity via the Downtown Line.

The Downtown Line, one of the newest MRT lines in Singapore, was opened in 2013 and has been instrumental in enhancing the accessibility of the city’s north-western neighborhoods, including Bukit Panjang. With six stations in Bukit Panjang alone, the line has brought new levels of convenience and connectivity to the area, making it an ideal destination for those seeking a peaceful suburban lifestyle without compromising on access to the city’s main attractions.

Let’s explore some of the hidden gems and urban amenities that Bukit Panjang and the Downtown Line have to offer.

Bukit Panjang Town: A Tranquil Oasis in Singapore’s North-Western Heartland

Bukit Panjang is a town with a rich history that dates back to the early 20th century. Originally a rubber plantation, the town developed rapidly in the 1960s and 1970s, attracting a diverse mix of residents, from rural farmers to city dwellers. Today, Bukit Panjang is home to a population of over 140,000, making it one of the largest residential estates in Singapore.

Despite its size, Bukit Panjang has managed to retain its natural charm, thanks to the many parks and green spaces that dot the area. One of the most popular spots is the Bukit Timah Nature Reserve, a 163-hectare forested area that is home to a wide variety of wildlife, including monkeys, squirrels, and birds. Visitors can explore the reserve on foot or bike and take in the stunning views of the surrounding landscape.

Another popular outdoor destination is the Dairy Farm Nature Park, a 63-hectare park that features a beautiful quarry lake and plenty of hiking trails. Visitors can also explore the Wallace Education Centre, which offers a glimpse into the life and work of the famous naturalist Alfred Russel Wallace, who conducted some of his most groundbreaking research in Singapore.

For those who prefer indoor activities, Bukit Panjang also offers plenty of entertainment options. The Hillion Mall, located right next to the Bukit Panjang MRT station, is a modern shopping center with a wide range of retail stores, restaurants, and a cinema. The mall also features a rooftop garden, perfect for taking in the panoramic views of the city skyline.

The Downtown Line: Enhancing Connectivity and Convenience

The Downtown Line has been a game-changer for residents of Bukit Panjang and the surrounding areas. With six stations in Bukit Panjang alone, the line has made it easier than ever to travel to other parts of the city, whether for work or leisure.

One of the most popular stops on the Downtown Line is Little India, an iconic cultural enclave that is home to a vibrant mix of Indian and Malay heritage. Visitors can explore the bustling streets, take in the colorful architecture, and sample some of the city’s best Indian cuisine.

Another popular destination on the line is Bugis, a trendy shopping and dining district that is famous for its street markets, quirky boutiques, and historic landmarks. Visitors can explore the colorful Haji Lane, snap photos at the Instagram-worthy Bugis Cube, or visit the iconic Sultan Mosque, one of the most recognizable religious buildings in Singapore.

For those seeking a taste of Singapore’s rich history, the Downtown Line also offers convenient access to Chinatown, one of the city’s most popular tourist destinations. Visitors can explore the historic shophouses, sample traditional Chinese food at the hawker centers, or visit the Thian Hock Keng Temple, one of the oldest Chinese temples in Singapore.

Another popular stop on the line is Marina Bay, home to some of Singapore’s most iconic landmarks, including the Marina Bay Sands complex and the Gardens by the Bay. Visitors can take in the stunning views of the city skyline, enjoy a leisurely stroll along the waterfront promenade, or catch a performance at the Esplanade.

In addition to these popular destinations, the Downtown Line also offers convenient access to other parts of the city, including the Central Business District and the Orchard Road shopping district.

Conclusion

Bukit Panjang and the Downtown Line are a perfect example of how urban planning and transportation infrastructure can work together to create vibrant and livable communities. With its lush greenery, modern amenities, and convenient connectivity to other parts of the city, Bukit Panjang has become a sought-after destination for both residents and visitors alike.

Whether you’re looking to explore the natural beauty of Singapore’s north-western heartland or experience the cultural and culinary delights of the city’s most popular neighborhoods, Bukit Panjang and the Downtown Line have something to offer everyone. So the next time you’re in Singapore, be sure to take some time to explore this hidden gem and discover all that it has to offer.…

The Rise of CDL Real Estate Developer A Comprehensive Analysis of Its Success Story and Future Prospects

Introduction:
CDL Real Estate Developer is a renowned property developer in Singapore that has gained global recognition for its exceptional projects and achievements. The company was founded in 1963 by Kwek Leng Beng, and over the years, it has grown to become one of the largest real estate developers in Singapore, with a presence in over 100 locations worldwide. CDL Real Estate Developer’s success story is characterized by innovation, creativity, and a strong commitment to sustainability, making it a model for other companies in the industry. In this article, we will examine CDL Real Estate Developer’s success story and analyze its future prospects.

History and Background:
CDL Real Estate Developer was founded in 1963 by Kwek Leng Beng, who started the company with a vision of creating sustainable, innovative, and high-quality properties. The company’s first project was the development of the City Square Shopping Center in Singapore, which was a significant success and laid the foundation for the company’s future growth. CDL Real Estate Developer’s portfolio includes residential, commercial, and hospitality properties, with a strong emphasis on sustainability.

Achievements and Awards:
CDL Real Estate Developer has received numerous awards and recognition for its exceptional projects and achievements. Some of its notable awards include the Building and Construction Authority Green Mark Platinum Awards, the FIABCI World Prix d’Excellence Awards, and the BCA Universal Design Mark Awards. The company’s commitment to sustainability has also earned it a place in the Dow Jones Sustainability Index for several years.

Current Projects:
CDL Real Estate Developer has several ongoing projects that demonstrate its commitment to sustainability and innovation. These projects include the South Beach Residences, which is a mixed-use development that combines luxury residential units with commercial and retail spaces. Another notable project is the Amber Park, which features three 21-story towers with over 600 residential units and a range of amenities such as a swimming pool, tennis courts, and a gym.

Future Prospects:
CDL Real Estate Developer’s future prospects look bright, given its strong track record and innovative approach to development. The company has announced plans to expand its operations globally, with a focus on the Asia-Pacific region. Additionally, CDL Real Estate Developer has expressed its commitment to sustainable development, which is an increasingly important consideration in the real estate industry. The company’s ability to adapt to changing market conditions and customer demands, coupled with its focus on sustainability, positions it well for continued success in the future.

Conclusion:
CDL Real Estate Developer is a model for other companies in the real estate industry, with its innovative approach to development and strong commitment to sustainability. The company’s success story is characterized by a long history of exceptional projects, numerous awards and recognition, and a bright future outlook. As CDL Real Estate Developer continues to expand its operations globally and focus on sustainable development, it will undoubtedly remain a leader in the industry for years to come.…

The Benefits of Living in Bukit Panjang Exploring the Convenience and Connectivity of Bukit Panjang Neighbourhood and Bukit Panjang Integrated Transport Hub

Bukit Panjang is a neighbourhood situated in the northwestern region of Singapore, known for its lush greenery, scenic parks, and convenient transport options. With the development of the Bukit Panjang Integrated Transport Hub, the neighbourhood has become even more attractive to both residents and visitors alike. In this article, we will explore the various benefits of living in Bukit Panjang and how the Integrated Transport Hub has contributed to the convenience and connectivity of the neighbourhood.

Convenience and Accessibility

One of the most significant benefits of living in Bukit Panjang is its excellent transport connectivity. The neighbourhood is well-connected to the rest of Singapore, with multiple bus services and train lines passing through the area. The Bukit Panjang Integrated Transport Hub, which was opened in 2017, has made commuting even more convenient for residents. The hub is situated next to the Bukit Panjang MRT station, and it is an interchange station for the Downtown Line and the Bukit Panjang LRT.

With the integration of different modes of transport, residents can now easily switch between buses, trains, and LRTs to reach their destinations. The hub is also equipped with a bus interchange, providing direct connectivity to various parts of Singapore, including the city center and other suburban areas. This means that residents can easily access essential amenities, such as schools, hospitals, and shopping malls, without having to travel long distances.

Moreover, the Bukit Panjang Integrated Transport Hub is also connected to several cycling and pedestrian paths, making it easy for residents to travel around the neighbourhood on foot or by bicycle. With the development of the Park Connector Network, residents can now enjoy scenic walks and cycle rides, connecting Bukit Panjang to other parts of Singapore, such as the Jurong Lake District and the Central Business District.

Community and Lifestyle

Bukit Panjang is also known for its strong community spirit and diverse lifestyle options. The neighbourhood is home to a diverse mix of residents, from young families to elderly retirees. The community is vibrant and friendly, with various community events and activities organized throughout the year.

Residents can enjoy a range of recreational facilities and amenities in Bukit Panjang. The Bukit Panjang Community Club offers a wide range of activities and classes, including sports, arts, and cultural events. The neighbourhood is also home to several parks and green spaces, such as the Bukit Batok Nature Park and Dairy Farm Nature Park, providing residents with opportunities for outdoor activities and leisure.

In addition to the community facilities, Bukit Panjang also has several shopping malls and food centers, catering to different preferences and tastes. The Hillion Mall and the Bukit Panjang Plaza are two popular shopping destinations in the neighbourhood, offering a range of retail, dining, and entertainment options. The Bukit Panjang Hawker Centre is also a popular food center, known for its delicious and affordable local food.

Affordability and Housing Options

Another advantage of living in Bukit Panjang is its affordability and range of housing options. The neighbourhood has a mix of public and private housing, providing residents with a range of choices to suit their budget and preferences. The Housing and Development Board (HDB) flats in Bukit Panjang are well-designed and affordable, making them popular among young families and first-time homeowners.

Moreover, the Bukit Panjang area has undergone several developments in recent years, including the construction of new residential and commercial developments. This has contributed to an increase in property values, making Bukit Panjang an attractive investment option for property buyers and investors.

Conclusion

In conclusion, living in Bukit Panjang offers a range of benefits, including excellent transport connectivity, community and lifestyle options, affordability, and housing choices. With the development of the Bukit Panjang Integrated Transport Hub, the neighbourhood has become even more attractive to residents and visitors, providing convenient and seamless connectivity to different parts of Singapore. The community spirit in Bukit Panjang is also strong, with a diverse mix of residents and various facilities and amenities catering to different needs and preferences.

As the Bukit Panjang area continues to develop and grow, it is likely to become even more attractive to residents and investors alike. With its excellent transport connectivity, affordable housing options, and diverse lifestyle offerings, Bukit Panjang is a neighbourhood that has much to offer. Whether you are a young family, a retiree, or a property investor, Bukit Panjang is a neighbourhood worth considering.

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Singapore office rents see subdued growth in 1Q2023: JLL

Grade A office rents in the Central Business District of Singapore saw a rise in the first quarter of 2023, though the q-o-q growth slowed for the second consecutive quarter. Real estate consultancy JLL reported an average gross effective rent of $11.30 psf per month, a modest 1.0% increase from the previous quarter.

This marked a slowdown in the 5 consecutive quarters of growth seen prior to this. Andrew Tangye, head of office leasing and advisory at JLL Singapore, attributed this lowering of growth to macroeconomic uncertainties that dampened demand for office space. He noted that large space users are largely refraining from relocating or expanding right now.

Small-to-medium sized space occupiers were largely driving leasing activity in the first quarter of 2023, with new market entrants and those needing to accommodate new workplace design or hiring being the major contributors. Notable leases in the CBD during this time include German insurer Munich Re and fine wine merchant Corney & Barrow.

In the face of a cautious market, new office spaces have still seen solid take-up. This includes Guoco Midtown in the Bugis-Beach Road area and IOI Central Boulevard Towers in the Marina Bay financial district, both of which have secured tenants for 80-90% of their space. These buildings have seen companies from various sectors, including financial services, technology, media, and professional services, commit to spaces or enter into active negotiation.

Outside the CBD, Labrador Tower in Pasir Panjang is estimated to be 25% pre-committed one year ahead of its planned completion in 2024. Prudential is among the tenants that have already signed on, taking up 150,000 sq ft of space in the Green Mark Platinum Super Low Energy development.

Tay Huey Ying, head of research and consultancy at JLL Singapore, expected office demand to remain rather muted due to the macroeconomic realities and that occupiers could take longer to backfill spaces vacant due to relocations. As such, Office rent growth is anticipated to remain modest for the remainder of the year.

Post-2024, Tangye believes that the tight supply of Grade A office spaces coupled with an improvement in economic prospects will result in a rebound in demand and an acceleration in rental growth. In the meantime, he advises space users to seize the current window of opportunity to lock-in good quality office spaces in new buildings.…

Six-storey Boat Quay shophouse sold for $37 mil

52 Boat Quay, a six-storey commercial shophouse located in Singapore’s central business district, recently sold for $37 million. Savills Singapore, who brokered the deal, described the property as a modern and well-equipped commercial space. It had undergone extensive renovations in 2015 and consists of a 1,119 sq ft site with an estimated total built-up area of 6,446 sq ft.

The prime location and desirable property drew “significant interest” from investors, Savills said. The top two floors are occupied by the Italian restaurant Braci, while an Izakaya bar occupies the ground floor. Corporate office tenants use the second and fourth floors.

Savills executive director of investment sales and capital markets, Yap Hui Yee, commented that the sale was an “excellent opportunity” for the long-standing client to acquire a “charming flagship property in the heart of the CBD”.

The seller had purchased the property in June 2018 for $21.35 million, making a gain of $16 million from the recent sale.

Despite shophouses in the Boat Quay precinct typically being tightly held, this riverfront-facing property was made available for sale.

Investors interested in purchasing commercial properties located in Boat Quay should take the opportunity to check out the latest listings near the area. Additionally, EdgeProp’s research tool can provide an overview of recent transactions of properties on and near 52 Boat Quay.

$37 million was recently paid for a six-storey Boat Quay shophouse located in Singapore’s central business district. Savills Singapore, who brokered the deal, stated that the property had undergone extensive renovations in 2015 and is now a modern and well-equipped commercial space.

Covering 1,119 sq ft and located in a desirable area, the shophouse drew “significant interest” from investors. Yap Hui Yee, executive director of investment sales and capital markets at Savills Singapore, described the sale as an “excellent opportunity” for the long-standing client to acquire a “charming flagship property in the heart of the CBD”.

The property consists of the Italian restaurant Braci occupying the top two floors and an Izakaya bar on the ground floor. Corporate office tenants use the second and fourth floors.

The seller had purchased the property in June 2018 for $21.35 million and made a substantial profit of $16 million upon sale. Boat Quay shophouses are known for being tightly held, making this riverfront-facing property a rare opportunity for buyers.

Investors interested in purchasing commercial properties near Boat Quay should take the opportunity to check out the latest listings. Additionally, EdgeProp’s Research Tool can provide an overview of recent transactions of properties on and near 52 Boat Quay.…