MARKET UPDATES

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Most residents of Geylang Lor 3 terrace units have found new homes ahead of Dec 31 lease expiry deadline

Most of the landed property owners sitting on 60-year leasehold land located in Geylang Lorong 3 have found new homes, with the remaining few still considering their options. The land will be returned to the State when their leases expire on Dec 31 this year for redevelopment. There are a total of 191 terrace units located there, of which 149 are either vacant, or used as foreign workers' accommodations or for religious activities. Five were returned to the State earlier. Of the 37 owner-occupied units,32 have finalised their next home, with some moving in with family members or purchasing new flats, said the Singapore Land Authority (SLA) on Thursday (Dec 3). Among them are six who have purchased new flats and as their flats will not be ready by the Dec 31 deadline, the Housing Board has offered them units under the Interim Rental Housing Scheme. The SLA said that help is being offered to the remaining five units still considering their next permanent housing options. Four are already in the process of moving out to interim rental flats, while another has made alternative arrangements. The SLA announced in 2017 that the terrace units in Geylang Lorong 3 will be returned to the State when their 60-year leases expire. The site is slated for a new public housing development as part of a larger plan to rejuvenate Kallang, said the SLA. "After all the properties have been returned to the State upon lease expiry, SLA will hoard up and clear the site to prepare it for redevelopment, " the agency said. The SLA had facilitated the early return of properties from owners who wish to do so, by waiving the processing fees and facilitating the refund of balance property tax. For the units used as foreign workers' accommodation, SLA and the Manpower Ministry (MOM) have contacted the employers of the affected foreign workers to move them to other approved housing, like purpose-built dormitories. The site is slated for a new public housing development as part of a larger plan to rejuvenate Kallang. The MOM said about 700 foreign workers employed by nearly 200 employers reside in Geylang Lorong 3. About one-third of the employers have found alternative accommodation for 221 workers while the others are in the midst of getting them housed elsewhere, its spokesman added. "We have also assured employers that there are sufficient bed spaces in purpose-built dormitories to house their workers, " the spokesman said, adding that employers can also approach the Dormitory Association of Singapore for help. SLA had facilitated the early return of properties from owners who wish to do so. Those conducting religious activities on the premises have been advised to consider co-locating with religious groups operating elsewhere, or renting a space within commercial or industrial premises with a designated portion for religious purposes, said the SLA. Of the 16 units being used for religious purposes,13 have made relocation plans or decided to wind down, while the remaining three are still considering their options. The SLA said occupants who need assistance relocating altars and deities can contact the members of the National Steering Committee on Racial and Religious Harmony. "The Government takes into consideration various national, social and economic needs in making land planning decisions and redevelopment plans. The return of leasehold land to the State upon lease expiry enables the land to be rejuvenated to meet these various needs of Singaporeans, " said the SLA. This is the first time a residential plot of land in independent Singapore has reached the end of its lease. The 70-year leasehold private houses in Jalan Chempaka Kuning and Jalan Chempaka Puteh, near Tanah Merah MRT station, are the next in line to reach expiry, in 2034.

Source: Straits Times
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Govt modestly raises supply of land for private homes; one-north, Lentor Central among new sites

The supply of private residential housing from confirmed sites under the government land sales (GLS) programme for the first half of next year has been modestly increased after being sharply reduced in the second half of this year due to the impact of the Covid-19 pandemic. The private home supply of 1,605 units from four confirmed list sites is 235 units or about 17 per cent more than the 1,370 units from such sites under the second half of the 2020 GLS programme, according to the figures released by the Ministry of National Development (MND) on Thursday (Dec 3). It is still below the 1,775 units from such sites under the first half of the 2020 GLS programme. The confirmed list includes one executive condominium (EC) site which can yield about 590 units. The other three sites also offer up 9,200 sq m gross floor area (GFA) of commercial space. On the reserve list are five private residential sites (including one EC site), three white sites and one hotel site. These sites can yield about 5,440 private residential units (including 700 EC units),92,000 sq m GFA of commercial space and 1,070 hotel rooms. A total number of 7,045 private homes can thus be potentially developed on the confirmed and reserve list sites. This is 5.6 per cent more than the 6,670 units under the GLS programme for the second half of this year. The land supply was "carefully calibrated to take into account the Covid-19 and macroeconomic situation", said the MND. "Given the continued uncertainties in economic and labour market conditions, the Government has decided to maintain a moderate supply of private residential units on the confirmed list. Mr Ong Teck Hui, senior director of research & consultancy at JLL noted that the sites on the confirmed list are expected to yield 1,015 private homes excluding ECs. That's about 34 per cent more than the 755 units released for the second half of this year and the first increase in private home supply after five straight cuts in previous GLS confirmed lists. "In absolute terms, the increase in supply is not significant as the government is still concerned about uncertainties in economic and labour market conditions, " he said. Despite the calibrated supply, there are still choice sites on offer in both the confirmed and reserve lists to prevent the market from overheating, Mr Desmond Sim, head of research, Southeast Asia, CBRE, noted. The confirmed list for the first half of 2021 comprises three private residential sites at Lentor Central and Slim Barracks Rise as well as one EC site at Tampines Street 62. "The increase in residential units introduced will help to provide a much-needed boost for developers to shore up their land inventory, given that supply from previous GLS sites has been relatively limited. "With healthy demand from new and resale markets, coupled with the declining unsold stock, these sites are likely to attract healthy bidding activity, as evidenced by the tenders of the previous two GLS sites (Tanah Merah Kechil Link and Yishun Ave 9), " Mr Sim noted. "Of the four sites, three have commercial components, which could boost vibrancy in the new estates. The Slim Barracks Rise sites could be especially appealing to developers, as they are situated near a transport node, surrounded by the one-north biomedical hub, " he said. The two Slim Barracks Rise sites are located in the one-north technology enclave, within walking distance of Buona Vista and one-north stations. The sites aim to inject more residential spaces in one-north estate, with parcel A generating 265 units and parcel B,140 units. Both sites are small and could attract many bidders due to their lower total development costs, Mr Ong said. The Lentor Central parcel is located next to the upcoming Lentor MRT and can yield 610 private homes and 8,000 sqm of commercial space. The Tampines EC site can yield about 590 EC units and could be in fair demand due to moderate supply of new EC projects in the pipeline, he added. "As many developers will likely be unsuccessful in bidding for the limited number of GLS sites, more are expected to consider sites offered under collective sales as the healthy momentum in private home sales grows, " Mr Ong said. Mr Ong cited the enbloc sale of the Haig Road properties for $32.8 million for redevelopment and those of adjoining projects Fairhaven and Sophia Ville for $62 million. "The conservative residential supply under the GLS is likely to revive interest in the collective sales market, but not to the extent of the fervour seen in 2017 and 2018, " he noted. MND said that there is a good selection of sites with additional supply in the Reserve List that developers can initiate for development if they assess that there is demand." As with the second half of this year, no new sites for predominantly commercial or hotel use will be launched for sale in the first half of 2021. A total of five residential sites, three white sites and one hotel site was carried over to the first half of next year. The GLS private housing supply from confirmed list sites in the second half of this year was cut by 23 per cent to the lowest since the second half of 2009, during the global financial crisis when no confirmed list sites were released. But the Singapore private housing market has remained resilient despite the economic downturn. Private home prices edged up 0.1 per cent in the first nine months this year compared with 2.1 per cent growth last year, and minus 5.2 per cent during the global financial crisis. New home sales from project launches were up for five straight months this year, while developers have been actively, if cautiously, bidding for GLS sites. "The increase in supply is a response to healthy demand in the market, " said Mr Lee Sze Teck, research director at property agency Huttons Asia. "Perhaps, cognisant that the effects of the pandemic may continued to be felt in the next few quarters, the land supply has not been bumped up more, " he added. He also noted signs of more activity in the property market: The number of uncompleted unsold units has declined since the first quarter of 2019 to 26,483 units, the recent GLS tender saw a large number of bidders and the en-bloc market witnessed two collective sales in the span of two weeks. MND on Thursday said the Government will continue to monitor economic and property market conditions closely and "adjust the supply of future GLS programmes, as necessary".

Source: Straits Times
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HDB to build diverse flat types, keep prices affordable for housing estates in prime locations

A range of housing types will be built in upcoming estates in prime locations such as the Greater Southern Waterfront (GSW) to ensure that all public housing estates will have a good mix of Singaporeans, said National Development Minister Desmond Lee. These include smaller housing types such as two-room flats for seniors and rental housing for low-income families, depending on the planning parameters and the needs of different housing types, but are "deliberately injected", he said in an interview with Lianhe Zaobao. Mr Lee acknowledged the "lottery effect" of these well-located Housing Board flats, which may result in a "likely windfall" for home owners who sell these government-subsidised build-to-order (BTO) flats on the resale market. There is the issue of "inclusiveness and diversity" when these flats are allowed to be resold after the five-year minimum occupation period, he said. "If it's going to be sold and transacted at high resale prices, then there is a risk that only well-off Singaporeans can buy (flats in) those estates. And then of course, the character of the estates will change and it may be priced beyond the reach of ordinary Singaporeans, " he said. "We do not want to have estates that are gentrified and that only the wealthy can afford to live (in). We want to have a good mix." To achieve that, besides introducing diverse housing, he noted that the pricing of flats must be kept affordable at the first sale by HDB and also in resales. "We may need a series of other measures to ensure that if resale is permitted for these flats, that they remain affordable for generations to come, " said Mr Lee, without specifying the measures. "People will, of course, pay what they believe the market can bear in order to get these very good flats and very good locations. So some of these measures would have to cover all these fronts, " he added. He cited GSW as one example of a prime site but noted that the timeline is "quite far down the line". "But there may be other sites with very prime attributes that might be rolled out in the months and years ahead, " he said. Mr Lee said HDB will seek public suggestions and feedback through engagement sessions over the next few months. "We will want to make sure that these public discussions are held, people's views are obtained and then we can come up with a model that we could potentially apply in the near term, " he said. First announced in 2013, the GSW comprises 30km of coastline stretching from the Gardens by the Bay East area to Pasir Panjang. The 2,000ha mega waterfront development - six times the size of Marina Bay and twice the size of Punggol - was sketched out by Prime Minister Lee Hsien Loong in his 2019 National Day Rally speech. About 9,000 private and public housing units will be built on the site of Keppel Golf Club as part of the GSW, with future housing available on other sites too. Mr Lee said that even as HDB is constantly reviewing and evolving public housing policies to be responsive to Singaporeans' changing demographics and aspirations, core values remain. "We want to keep the character of all our HDB estates inclusive and diverse and to enable Singaporeans, ordinary Singaporeans, to also be able to live in parts of Singapore that one will consider as prime, " he said.

Source: Straits Times
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Singapore residential property market remains resilient despite downturn

The residential property market has proven to be one of the few recession-proof sectors amid a pandemic that has plunged the Singapore economy into its worst-ever contraction. Analysts say this is due in large part to a slew of cooling measures to curb speculation and ensure that home buyers do not over-leverage, coupled with massive government stimulus to save jobs and prop up the economy.

Source: Straits Times
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90% of units sold at The Landmark condo over launch weekend, averaging $2,250 psf

The property market continues to draw interest amid the pandemic, with over 90 per cent of 120 units released for The Landmark condominium snapped up on its launch weekend. About 110 units were sold as of Sunday, representing some 30 per cent of the total number of units at the 99-year leasehold project in Chin Swee Road. The units went for at an average price of $2,250 per sq ft (psf). About half of them are one-bedroom units with a starting price of $1,955 psf. Most of the buyers are Singapore citizens and permanent residents, said developer Landmark JV on Sunday (Nov 29). Located on the northern foothills of Pearl's Hill, The Landmark comprises a single 39-storey tower of 396 one- to three-bedroom units, five decks of lifestyle facilities, as well as views of the city skyline and southern coastline. It is expected to obtain a Temporary Occupation Permit in March 2025. Landmark JV is a joint venture between MCC Land, SSLE Development and ZACD Group. The partners bought the site through a collective sale of the former Landmark Tower in May 2018 for some $286 million or $1,406 psf per plot ratio. This includes a lease upgrading premium of $57 million. They also had to buy some adjoining state land, reported The Business Times. In the light of the Covid-19 pandemic, sales bookings were done virtually from five locations, such as the project's sales gallery as well as the offices of marketing agencies ERA Singapore, Huttons Asia, PropNex and SLP International. Mr Ken Chew, general manager of SSLE Development, said: "The positive response from home buyers on the launch day bears testimony to our commitment to price the project to sell. "We hope that a higher live-in population within and around the Central Business District will add more vibrancy to this neighbourhood."

Source: Straits Times
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Asia's office Reits prove resilient in Hong Kong and Singapore

The office may never reach its past heights in the post-pandemic world but the outlook for Singapore and Hong Kong offices is promising. Relatively small homes in those cities, short commutes to work and new tech firm tenants bode well for property trusts that focus on those markets. Domestically focused real estate investment trusts (Reits) in these hubs have outperformed their peers in Australia and Japan this year, and continue to rise on the back of a rotation to economically sensitive stocks. Hong Kong's Champion Reit, whose tenants include Citigroup, Singapore's Keppel Reit and Mapletree Commercial Trust have beaten baskets of equally weighted trusts in Australia and Japan, according to Bloomberg-compiled data. To be sure, no one expects Singapore and Hong Kong offices to be unscathed from the pandemic. Companies like Citigroup and Mizuho Financial Group in Singapore and Macquarie Group in Hong Kong are giving up office space as demand wavers and they confront a future of some remote work. Singapore's vacancy rates have already risen to 4.9 per cent in the third quarter from 3.3 per cent a year earlier, while that for Hong Kong's Grade A office spaces was up at 9 per cent in September from 6.1 per cent over the same period last year, according to data from Colliers International Group. But these cities have kept the virus under relative control. Homes are also too small to make a permanent work-from-home future viable, while unlike London or New York, these cities don't have a significant hinterland of suburbs where workers can flee to. That's probably why their Reits are just about 13 percentage points from erasing losses this year while Australian and Japanese office Reits are down an average of 24 per cent.Singapore in pole positionSingapore's office market is likely "in one of best positions" globally because living spaces are small, supply is tight, and tech companies are increasingly looking to the country for office space, said Mr Koh Shern-Ling, a portfolio manager at Principal Real Estate Investors. He said after Singapore's office Reits, he likes that of Hong Kong's and then Tokyo's, in that order. In Singapore, Hong Kong's imposition of a controversial national security law this year is drawing companies, while tech giants such as China's Tencent Holdings as well as Amazon are setting up regional headquarters in the South-east Asian city. Billionaire Ray Dalio is the latest to plan a family office in the city-state to run investments and philanthropy. "These incoming office space users from these newer industries should offset what Singapore may lose in others, " said Mr Oh Yoojeong, a Singapore-based fund manager at Aberdeen Standard Investments Asia. For all its political woes and departures, Hong Kong is drawing Chinese firms in, partly due to a boom in initial public offering activity. TikTok owner ByteDance and Alibaba Group Holding have signed leases to add office space in Hong Kong, while CMB International Capital is among finance firms expanding their presence in the world's priciest property market. Plans announced this week by the government to cut stamp duties should also bolster deals in the city's commercial property market. It helps that Reits in these two cities are relatively cheap, while offering attractive dividend yields, especially when compared with bond yields. Analysts estimate Keppel Reit and Mapletree Commercial will yield 5.4 per cent and 4.1 per cent for the 2021 fiscal year, respectively, while Champion Reit will offer 5.3 per cent. That outstrips the less than 4 per cent yield of Japan's biggest trusts such as Nippon Building Fund, though they are lower than the 7 per cent at Australian Reits like Centuria Office Reit and Australian Unity Office Fund, where share prices have plunged. Keppel shares rose 1 per cent on Friday (Nov 27), while Mapletree Commercial and Champion were down 0.5 per cent and 0.9 per cent, respectively. "Remote working will remain prevalent for some time, but the long-term demise of the office is an illusion and it's a good time to buy office Reits in Singapore and Hong Kong, " said Mr Joachim Kehr, portfolio and regional manager for Asia Pacific at Centersquare Investment Management.

Source: Straits Times
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First EC site at Tengah, new condo site at Ang Mo Kio launched for sale

The first executive condo (EC) site at Tengah and a condo site at Ang Mo Kio were launched for sale on Thursday (Nov 26) under the second half of the 2020 government land sales (GLS) programme. Both residential sites are on the GLS programme's confirmed list, which was released in June. The two sites combined can yield about 985 residential units, although the actual number may vary depending on the developers, said the Urban Redevelopment Authority (URA) and the Housing Board (HDB) on Thursday. Sites on the confirmed list are launched according to schedule regardless of demand, while a site on the reserve list is put up for tender when a developer's indicated minimum price is acceptable to the Government. The Tengah parcel at Tengah Garden Walk - a road that has yet to be built - has a site area of around 22,020 sq m and a maximum Gross Floor Area (GFA) of 61,659 sq m. The 99-year leasehold site is expected to yield some 615 EC units. Located next to the upcoming Garden Vines @ Tengah Build-To-Order (BTO) project, it will be the first EC housing project in the "forest town" of Tengah. JLL senior director of research and consultancy Ong Teck Hui said developers are likely to view the EC market "favourably", as there are only four EC projects in the launch pipeline and demand could pick up under better market conditions next year. "While the Tengah plot is in a relatively less developed area, it could be in fair demand due to the lack of new EC projects in the west and could offer first-mover advantage to the successful bidder, " said Mr Ong. He noted that the last time an EC site was sold in the area was the Sol Acres parcel in Choa Chu Kang in March 2014. ERA Realty's head of research and consultancy Nicholas Mak estimated that the site could attract six to nine bids, with the top bid varying from $331.8 million to $352 million, which translates to $500 to $530 per sq ft per plot ratio (psf ppr). The land parcel in Ang Mo Kio is located at Ang Mo Kio Avenue 1 with a site area of 12,679 sq m and a GFA of 31,699 sq m. The 99-year leasehold site is estimated to yield around 370 units. Ms Wong Siew Ying, PropNex's head of research and content, noted that it is the latest GLS site to be offered in the area in six years, since the sites of two condo projects -Thomson Impressions and The Panorama - were successfully awarded for $173.6 million ($731 psf ppr) and $550 million ($790 psf ppr) respectively. She said that apart from being in a mature town and an established residential area, the plot is also near the upcoming Mayflower MRT Station on the Thomson-East Coast Line. She predicted that demand for the site would be "buoyant" and that it would attract more than 10 bidders, with the top bid at $273 million to $290 million or $800 to $850 psf ppr. URA and HDB will offer a longer tender period of six months to allow developers more time to make their assessment in view of the ongoing Covid-19 situation. Tender for the two land parcels will close at noon on May 25,2021.

Source: Straits Times
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Help genuine HDB upgraders with ABSD remission, UOL chief urges

There has been another plea to allow genuine first-time HDB upgraders to a private condo defer payment of the additional buyer's stamp duty (ABSD), this time from UOL group chief executive Liam Wee Sin. "It is our hope that the government will grant ABSD remission - similar to EC (executive condominium) buyers - giving them time to sell their HDB home six months after collecting their keys, " said Mr Liam on Wednesday (Nov 25) during a media briefing at the launch of the company's latest residential project. Demand for the private residential market is genuine, and substantially from HDB upgraders who have higher aspirations of living in a condo, said Mr Liam. "It makes logical sense to promoting the aspirations of Singaporeans, " he said. "A tweak to this ABSD policy to align with what is already in place for EC buyers can help genuine HDB upgraders to transition to a private property, " he said. If the remission is given, HDB upgraders buying a private home would not face the pressure of having to pay up the ABSD within 14 days of signing the sale and purchase agreement. Based on the current ABSD regime, a HDB owner would need to pay a 12 per cent ABSD within 14 days from signing the sale and purchase agreement when they commit to a private property if they have not sold their existing home. "The 12 per cent is a substantial amount to pay, " said Mr Liam. As such, the Government should consider allowing HDB upgraders buying a private property to get ABSD remission similar to what is currently applicable for HDB upgraders buying an EC, he said. ECs are a public-private housing hybrid. This group is given six months to dispose of their HDB flats after having collected the key to their new EC home. What this translates to is that the HDB upgraders would now be given six months to sell their HDB flat after collecting their keys to their new condominium, as against the current requirement of having them to sell their HDB flat six months after buying the private property, he said. "This is logical in many aspects. Besides easing their cash flow, this also addresses other considerations that buyers have to contend with, such as the logistics of finding interim accommodation while still waiting for the new private property to be completed, " said Mr Liam. In September, the head of the Real Estate Developers' Association of Singapore also urged the Government to urgently consider allowing first-time upgraders from an HDB flat to a private property to defer payment of the ABSD till six months after the completion of the private property. UOL is quite optimistic about selling its latest project as prices are "realistic and affordable", said Mr Liam. Called Clavon, it is in Clementi Avenue 1 and integrates work and living trends, and features flexible spaces, smart home amenities and technology solutions for a safe living environment. Pricing of the 640-unit condominium comprising two 37-storey towers on a per sq ft basis (psf) starts from $1,475 psf. Comparable projects Parc Clematis has a median unit price of $1,634 psf, while Kent Ridge Hill Residences' median unit price was $1,770 psf for the January to October 2020 period, according to Ms Christine Sun, OrangeTee & Tie head of research and consultancy. An 80:20 joint venture between UOL and subsidiary United Industrial Corporation Limited, Clavon comprises a mix of one- to five-bedroom units ranging from 527 sq ft to 1,690 sq ft. About 56 per cent or 356 units at the development are one- and two-bedroom units sized between 527 sq ft and 764 sq ft. More than half of the development's units are priced below $1.5 million. A one-bedroom unit starts from $800,000, a two-bedroom unit from $1 million, a three-bedroom unit from $1.45 million, a four-bedroom unit from $1.9 million and a five-bedroom unit from $2.5 million. Asked about the overall new private new home sales market for 2020, Mr Liam said the market is stable and he hopes it will continue to move in a "sustainable manner". Year to October, new home sales were 8,021 units. Mr Liam estimates total new home sales of 9,000 to 10,000 units for the year. In 2019, total new home sales were 9,912 units.

Source: Straits Times
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Five-room BTO flats in Toa Payoh 6 times oversubscribed; Bishan four-room flats by 5 times

Undeterred by the high price tag, home seekers rushed for the five-room Build-To-Order (BTO) flats in Toa Payoh (Bidadari) - the most expensive units in the November sales launch. As at 5pm on Monday (Nov 23), the 144 five-room flats in Bartley Beacon, as the project is named, each had more than six first-time applicants vying for the unit. Second-timer applicants face an even bleaker prospect, with more 152 applicants vying for each five-roomer. Prices for these flats, the largest flat types at the Bidadari estate project, range from $627,000 to $726,000, excluding grants. The last time new BTO flats were launched in the Bidadari estate, which is classified under Toa Payoh town, was in May 2017. Then, prices for the five-room flats in a project named Woodleigh Hillside started from $579,000, excluding grants. In this November sales exercise, which is set to conclude at midnight on Monday, the 910 four-room flats in Bartley Beacon and ParkView @ Bidadari were less popular, attracting around three first-time applicants each. On the other hand, first-time applicants for the 184 three-room flats in both projects stood a better chance at securing a flat, as they attracted just slightly more applicants than the available units. Also in-demand were the four-room flats in Bishan Ridges, with close to five first-time applicants vying for each of the 1,222 four-room flats. These flats, within walking distance of Bishan MRT station, were the second-most expensive units in this launch, with prices ranging from $528,000 to $679,000. The 124 three-room flats in Bishan Ridges drew less interest, at slightly fewer than three first-time applicants for each unit. In Tampines, there were around three first-time applicants for each of the 360 four-room and 244 five-room flats in a housing project named Tampines GreenEmerald. Bigger flats in the non-mature estate of Sembawang were also hotly contested, with more than four first-time applicants vying for each of the 184 five-room flats in the housing project named Sun Sails. The odds were slightly better for the 238 four-room flats and 84 three-room flats, with around three first-time applicants for each available unit respectively. In Tengah, the first HDB new town in over 20 years, there were almost three first-time applicants for each of the 327 five-room flats and around two applicants for each of the 570 four-room flats. These flats are spread across two housing projects named Garden Court @ Tengah and Garden Terrace @ Tengah, and will be the first to be completed around the first quarter of 2024. In February next year, the HDB will launch some 3,500 BTO flats in Bukit Batok, Tengah, Kallang/Whampoa and Toa Payoh (Bidadari). Another 3,800 flats will be offered in Bukit Merah, Geylang, Tengah and Woodlands next May.

Source: Straits Times
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Five things to look forward to at your new Forett At Bukit Timah home

From its sweetly scented fresh air to its exotic flora and fauna, the rainforest has always served as a magnet for weary city-dwellers looking for a respite from urban living. That atmosphere of wonder and rejuvenation inspires Forett At Bukit Timah, the upcoming 633- unit luxury development by Qingjian Realty (South Pacific) Group Pte Ltd and Perennial Real Estate Holdings Limited along Toh Tuck Road. Through meticulous design, the beauty of the nearby Bukit Timah Nature Reserve is woven seamlessly into this development, one of Singapore's largest freehold developments at over 360,000 sq ft. It's no wonder that Forett At Bukit Timah's architecture has bagged several awards. At the PropertyGuru Asia Property Awards (Singapore), it won Best Private Condo Development and Best Private Condo Landscape Architectural Design. The development also received High Commendation as Best Private Condo Architectural Design and Best Sales Gallery Architectural Design. Here are five aspects of the Forett At Bukit Timah lifestyle to look forward to when you make it your next home:1. Architecture in harmony with natureAgainst the wilderness of the Bukit Timah Nature Reserve and the elaborate homes of Bukit Timah, Forett At Bukit Timah's minimalist architectural style strikes a bold, eye-catching contrast. The choice of a sleek silhouette by veteran architects P&T Consultants is deliberate, for it allows the development to amplify the beauty of the neighbourhood's greenery. The facade's curtain wall is reflective, allowing for the surrounding foliage to be captured on the development in a mesmerising fashion. Communal areas like the gym and clubhouse are housed within glasshouse structures, seamlessly integrating Mother Nature's gifts with the development's interiors. Over 100m of existing green wall will be conserved, infusing the site with a certain heritage. Your privacy and comfort are well taken care of through thoughtful design. Most of the units and blocks are North-South facing to bestow residents with maximum respite from Singapore's climate. Making use of the terraced nature of the site, communal facilities are tucked away from the view of homes within the condominium, ensuring less obstructed views of the development from the privacy of your home.2. Breathtaking views of natureAnother draw of the development is that it comprises four blocks of nine-storey buildings, in addition to nine blocks of five-storey buildings. This is a rarity in the neighbourhood, where most new developments are just five storeys tall. The highest floors of the nine-storey blocks, including the Teppanyaki Sky Lounge and the higher floors of four and five bedroom suites, offer open views of the Bukit Timah Nature Reserve and the development's terraced landscape. The buildings are also well spaced out to optimise natural light and wind flow within the spaces and the units, and create better views of the lush landscaping artfully planted throughout the development. An artist's impression for Forett at Bukit Timah.3. The modern resort lifestyleAt Forett At Bukit Timah, live and play to your heart's fullest content with sumptuous facilities that will make you feel like you are on vacation every single day. Ultimate rejuvenation or spirited family fun: The choice is yours. Five pools - the Infinity Pool, two 30-metre Lap Pools,50-metre Lap Pool and or the Kids' Pool - will provide you the setting for an invigorating morning swim, energetic playtime with the kids, or a spirited game of water polo. Unique experiences are easily within reach. Take your regular hangouts with friends and family to the next level with facilities most people would need to venture out to a mall to enjoy. Forett At Bukit Timah boasts its very own Theatrette, equipped with plush seats for nine people for your private cinema experience. With room for up to eight people, the Karaoke room will have all the equipment you need to unleash your inner pop star. The tea pavilion, lifestyle pavilion, BBQ pavilion and dining pavilion will provide you the setting for themed gatherings of your choosing. Centrally located and well-equipped, the Social Lounge and Chill Out Lounge will remind you of your favourite downtown cafe with their cozy couches and relaxed atmosphere. These spaces will soon be your go-to spot for reading a book or catching up with neighbours - no booking required. Look out of the window and take in the sights of the extended green lawn for the young kids when parents are socializing at the lounges. You'll be the envy of your social circle with Forett At Bukit Timah's two sophisticated function rooms, designed to evoke penthouse-style dining and living with the high-volumed ceiling. Host gatherings of up to 20 people, or 40 when you combine the two rooms. It's fully outfitted with everything you need to cook up gourmet meals: built-in ovens, a gelato maker, and more. At the Sky Terrace, partake in both the beauty of the indoors and outdoors with the Teppanyaki Sky Lounge and make Bukit Timah Nature Reserve the picturesque backdrop to unforgettable get-togethers.4. Convenience and comfort right at homeFrom the one bedroom + study to five bedroom suites, each home at Forett At Bukit Timah will be crafted with regular and efficient layouts. Special attention is paid to smaller homes to ensure they are functional and usable, right down to every corner of these units. Selected two bedroom + study units and larger will all have enclosed kitchens. Space-saving innovations include an integrated waste bin in the kitchen and a "magic corner", where applicable, that will allow you to store your wares with utmost efficiency in hard-to-reach corners of the kitchen. For units that do not come with a walk-in wardrobe, you can store your trinkets safely in the accessories panel of your master wardrobe. Branded appliances will power your kitchen; your bathroom will be fitted by sanitary wares from Laufen and Gessi. Enjoy the luxe touch of nature under your feet with flooring made of natural timber in the bedrooms, and natural marble in living and dining rooms.5. Access to the best of the WestNature and food lovers alike will appreciate Forett At Bukit Timah's superior location, located in the heritage-steeped Beauty World neighbourhood and right by some of Singapore's most popular green spaces. Nature lover? Some 4km of the Rail Corridor starting from Hillview and ending at King Albert park Downtown Line MRT stations, will be completed by 2021. As you cycle or stroll down this green spine, be charmed by the conserved truss bridges and the wild birds and vegetation along the way. Take a quick detour to green spaces like Rifle Range Nature Park, or to the heritage gallery at the Bukit Timah Railway Station and food and beverage at the Former Station Master's Quarters. Foodie heaven is just steps away from home, with renowned eateries like Five Star Kampung Chicken Rice and Al-Azhar on Cheong Chin Nam Road. Get all your basic needs met at the familiar landmarks of Bukit Timah Shopping Centre, Beauty World Plaza, and Beauty World Shopping Centre, or the upcoming future Bukit Timah Community Building, which will host a market, hawker centre, indoor sports hall and community library. Going to town? Walk 10 minutes from home and you'll get to Beauty World MRT station on the Downtown Line, which is connected within a few stops to five MRT interchanges that will get you to every corner of the island. With the Pan Island Expressway (PIE) and Ayer Rajah Expressway (AYE) close by, you'll be able to get to the Central Business District (CBD) in less than 20 minutes. Of course, don't forget the fact that Singapore's renowned education belt is just nearby. Within 1km are the popular Pei Hwa Presbyterian Primary School and Bukit Timah Primary School, while Methodist Girls' School (Primary), Bukit View Primary School and Keming Primary School are within 2 km. Other schools in the area include Hwa Chong Institution, National Junior College, Ngee Ann Polytechnic and the Singapore University of Social Science. Love Nature, Live Freehold. Come home to Forett At Bukit Timah.

Source: Straits Times
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