Archive for category: Real Estate

Read also: The Top Sustainable Developer Award is launched by CPG Corp

Introduction: A New Era in Urban Living

In the heart of the bustling cityscape, a new trend is emerging, reshaping the way we perceive urban living. Lyf’s properties, a series of innovative developments, are at the forefront of this transformation, offering a unique blend of living and working spaces that cater to the modern lifestyle. This comprehensive article delves into how Lyf is changing the game in property development.

Lyf’s Innovative Approach to Urban Living

The Concept Behind Lyf’s Success

Lyf’s properties are not just buildings; they are vibrant communities. The idea is simple yet revolutionary: create spaces where people can live, work, and connect with like-minded individuals. This approach has garnered attention worldwide, making Lyf a buzzword in contemporary real estate.

Design Philosophy: Blending Functionality with Aesthetics

Every aspect of Lyf’s properties is meticulously designed to foster a sense of community while providing functional, stylish living spaces. From open-plan layouts to communal areas, the design philosophy is about creating an environment that encourages interaction and productivity.

Sustainability: A Core Principle of Lyf’s Developments

In today’s world, sustainability is not just a buzzword but a necessity. Lyf’s properties are built with this in mind, featuring eco-friendly materials and energy-efficient systems. This commitment to sustainability is not only good for the planet but also appeals to the environmentally conscious urban dweller.

Living the Lyf: A Day in the Life at Lyf’s Properties

The Morning Routine: Energized and Connected

Imagine starting your day in a space that inspires creativity and productivity. At Lyf, residents wake up to modern, well-equipped living spaces that double as efficient home offices.

Community Engagement: More Than Just Neighbors

Lyf’s properties are designed to foster a sense of community. With shared spaces and regular events, residents are not just neighbors but part of a dynamic, supportive network.

Evening Unwind: Relaxation and Recreation

After a productive day, Lyf offers various options for relaxation and recreation. Whether it’s a workout in the state-of-the-art gym or a casual get-together in the communal lounge, there’s something for everyone.

The Work-Life Balance Revolutionized by Lyf

Seamless Integration of Living and Working Spaces

One of Lyf’s key innovations is the seamless integration of living and working spaces. This design not only saves time and reduces stress but also promotes a healthier work-life balance.

The Rise of the Digital Nomad: Lyf’s Perfect Fit

For digital nomads, Lyf’s properties are a dream come true. With high-speed internet and versatile workspaces, these properties cater perfectly to the needs of remote workers and freelancers.

Networking and Collaboration Opportunities

Lyf’s communal areas are not just about relaxation; they’re also hubs for networking and collaboration, offering residents the chance to connect with like-minded professionals and entrepreneurs.

The Economic Impact of Lyf’s Properties

Boosting Local Economies through Innovation

Lyf’s properties are more than just residential spaces; they’re catalysts for local economic growth. By attracting professionals and creatives, these developments boost local businesses and foster innovation.

Real Estate Market Transformation

The success of Lyf’s properties is a testament to the changing preferences in the real estate market. These developments are setting new standards in urban living, influencing future real estate trends.

Investment Opportunities in Lyf’s Developments

For investors, Lyf’s properties represent a unique opportunity. With their innovative approach and growing popularity, these developments promise substantial returns.

The Social Dimension of Lyf’s Properties

Building Communities in Urban Settings

One of Lyf’s most significant achievements is its ability to create genuine communities in urban settings. This social aspect is not just an added bonus; it’s a core part of the Lyf experience.

Diversity and Inclusivity: Core Values at Lyf

Lyf’s properties are designed to be inclusive spaces that celebrate diversity. This ethos is evident in everything from the design of the buildings to the community events and programs.

Enhancing Quality of Life through Social Interaction

At Lyf, the focus is on enhancing the quality of life through social interaction. This approach has proven to be a key factor in the overall satisfaction of residents.

Technology and Innovation at Lyf’s Properties

Smart Living: The Integration of Technology

In an age where technology is integral to our daily lives, Lyf’s properties stand out with their smart living solutions. From automated systems to high-tech security, these developments are at the cutting edge of property technology.

The Role of Innovation in Lyf’s Success

Innovation is at the heart of Lyf’s philosophy. This constant pursuit of improvement and adaptation to changing needs is what keeps Lyf ahead in the competitive real estate market.

Future-Proofing Real Estate: Lyf’s Vision

Looking ahead, Lyf is committed to future-proofing its properties. This means not just keeping up with trends but setting them, ensuring that Lyf’s developments remain relevant and desirable in the years to come.

The Global Expansion of Lyf’s Properties

Taking the World by Storm: Lyf’s International Reach

Lyf’s success is not confined to one region; its properties are making waves internationally. This global expansion is a testament to the universal appeal of Lyf’s innovative approach to living and working.

Adapting to Different Cultures and Markets

As Lyf expands globally, it adapts its properties to suit different cultures and markets. This flexibility and sensitivity to local needs are key to its international success.

Setting a New Standard in Global Real Estate

With its international presence, Lyf is setting a new standard in global real estate. Its properties are not just buildings but symbols of a modern, connected, and dynamic way of life.

Conclusion: The Future is Bright for Lyf’s Properties

Lyf’s properties represent more than just a trend; they are a glimpse into the future of urban living. With their innovative approach to combining living and working spaces, commitment to community and sustainability, and embrace of technology, Lyf is not just keeping pace with the changing world – it’s leading the charge.

FAQs About Lyf’s Properties

1. What makes Lyf’s properties unique? Lyf’s properties stand out for their blend of living and working spaces, community focus, and sustainable design.
2. Are Lyf’s properties suitable for remote workers? Absolutely! With high-speed internet and versatile workspaces, they are ideal for digital nomads and remote workers.
3. How does Lyf promote community interaction? Through shared spaces, regular events, and a design that encourages social interaction, Lyf fosters a strong sense of community.
4. Is investing in Lyf’s properties a good decision? Yes, given their popularity and innovative approach, investing in Lyf’s properties is a promising opportunity.
5. Do Lyf’s properties incorporate sustainable practices? Yes, sustainability is a core principle in the design and operation of Lyf’s properties.
6. Can Lyf’s living concept be found globally? Yes, Lyf is expanding internationally, adapting its successful formula to different cultures and markets.

In conclusion, Lyf’s properties are not just living spaces; they are the embodiment of a modern, connected, and dynamic lifestyle. As we move forward, Lyf continues to redefine the standards of urban living, promising a brighter, more connected future for all.

Introduction: In the ever-evolving tapestry of real estate, shophouses have stood the test of time, offering a blend of nostalgia and opportunity. As we delve into the third quarter of 2023, the market pulse for these historical gems has shown a notable shift. This comprehensive article peels back the layers of the shophouse market, examining the ebb and flow of transactions and rents, and providing a forecast for investors and enthusiasts alike.

Pinetree Hill enbloc property is a once-in-a-lifetime opportunity for investors and homeowners to acquire a property in a tranquil setting, the Ulu Pandan area.

 

Shophouse Market Dynamics in Q3 2023

The shophouse market, a niche yet significant segment of the real estate landscape, has recently witnessed a downturn in both transactions and rental performance. What factors are contributing to this trend, and what can investors expect in the near future?

Understanding the Shophouse Appeal

Shophouses, with their unique architectural charm and historical significance, have long been coveted assets in the property market. But what exactly makes these structures so appealing to investors and tenants alike?

Architectural Charm and Historical Value

The allure of shophouses lies in their distinctive architectural features, which often reflect the rich cultural heritage of their locations. How do these characteristics influence their market value?

The Investment Perspective on Shophouses

From an investment standpoint, shophouses are often seen as stable assets with potential for value appreciation. But how has the recent market downturn affected this perspective?

Transaction Trends: A Closer Look

The recent quarters have seen a dip in the number of shophouse transactions. What are the underlying causes of this decline, and is it a cause for concern among investors?

Analyzing the Drop in Sales

A closer examination reveals several factors contributing to the reduced number of shophouse sales. What are these factors, and how significant is their impact?

Comparative Market Analysis

Comparing the current market statistics with previous quarters can provide valuable insights. How does the current situation stack up against the past performance of shophouse sales?

Rental Market Insights

Alongside sales, rental rates for shophouses have also experienced a downturn. What are the reasons behind this, and what does it mean for landlords and tenants?

Factors Affecting Rental Rates

Several elements play a role in determining rental prices for shophouses. What are these elements, and how have they contributed to the recent decline?

Tenant’s Market Emerges

With the shift in rental dynamics, tenants find themselves in a more advantageous position. How has this shift occurred, and what advantages does it present for potential renters?

Market Predictions and Forecasts

Looking ahead, what can stakeholders expect from the shophouse market? Are there signs of recovery on the horizon, or should we brace for a continued downturn?

Expert Opinions and Analysis

Real estate experts weigh in on the future of the shophouse market. What are their predictions, and on what data do they base their forecasts?

Economic Indicators and Their Implications

Economic indicators are crucial in forecasting market trends. Which indicators should we be watching, and what do they currently suggest about the future of shophouses?

Investment Strategies for Shophouse Buyers

In light of the current market conditions, how should investors approach the shophouse market? Are there still opportunities to be found?

Identifying Potential in a Slow Market

Even in a slower market, there are pockets of potential. How can investors identify and capitalize on these opportunities?

Risk Management for Shophouse Investments

Investing in shophouses, like any real estate, comes with its risks. What strategies can investors employ to manage these risks effectively?

The Impact of Government Policies

Government policies can have a significant impact on the real estate market. What recent policies have affected the shophouse market, and what are their long-term implications?

Recent Regulatory Changes

A look at the recent changes in regulations that impact shophouse transactions and rentals. What changes have been implemented, and how are they shaping the market?

Policy Predictions for the Near Future

Based on current trends, what policy changes might we expect to see, and how could they influence the market dynamics?

The Role of Real Estate Agencies

Real estate agencies play a pivotal role in the shophouse market. How have they adapted to the changing landscape, and what services are they offering to clients now?

PropNex’s Market Position

As one of the leading real estate agencies, PropNex has a unique perspective on the market. What insights do they offer regarding the current state of shophouse transactions and rentals?

Agency Strategies for Market Adaptation

In response to the market downturn, how are agencies like PropNex adjusting their strategies to support their clients?

Shophouse Market: A Global Perspective

While this article focuses on the local market, it’s important to consider the global context. How does the shophouse market in Singapore compare to similar markets around the world?

International Market Comparisons

Examining the shophouse market through a global lens can offer additional insights. How do transaction and rental trends in Singapore align with those in other countries?

Global Economic Influences

The global economy can have far-reaching effects on local markets. What global economic factors are currently influencing the shophouse market?

Technological Advancements and Their Impact

Technology is reshaping every industry, including real estate. What technological innovations are affecting the shophouse market, and how?

The Rise of Virtual Real Estate Services

With the advent of virtual tours and online transactions, how has the process of buying, selling, and renting shophouses changed?

Data Analytics in Real Estate

Data analytics is becoming increasingly important in real estate. How is this technology being used to understand and predict shophouse market trends?

Sustainability and Shophouses

Sustainability is a growing concern in all sectors. How are shophouse owners and investors addressing sustainability in their properties?

Green Initiatives in Shophouse Renovation

Renovating shophouses with sustainability in mind is becoming more common. What are some of the green initiatives being implemented?

The Future of Eco-Friendly Shophouses

As we look to the future, the importance of eco-friendly real estate continues to grow. What does this mean for the future of shophouses?

Shophouse Market: The Road Ahead

As we conclude our in-depth analysis, what does the road ahead look like for the shophouse market? Is there light at the end of the tunnel for investors and tenants?

Summing Up the Current Market Scenario

A recap of the current market conditions and what they mean for the various stakeholders involved in the shophouse market.

Looking Forward: Trends to Watch

Identifying the key trends that will shape the future of the shophouse market. What should investors, tenants, and industry professionals keep an eye on?

FAQs About the Shophouse Market

1. What is a shophouse? A shophouse is a traditional building type commonly found in urban Southeast Asia, characterized by its shop space on the ground floor and residential space above.
2. Why have shophouse transactions decreased in Q3 2023? The decrease can be attributed to a combination of economic factors, regulatory changes, and market saturation.
3. Are shophouses still a good investment? Despite current trends, shophouses can still be a good investment due to their historical value and potential for appreciation in a recovering market.
4. How have rental rates for shophouses been affected? Rental rates have dipped due to increased competition and a shift towards a tenant’s market.
5. What strategies can investors use in the current market? Investors should focus on thorough market research, risk management, and seeking properties with unique value propositions.
6. What is the future outlook for the shophouse market? While the market faces challenges, there is potential for recovery with careful investment strategies and attention to emerging trends.

Conclusion:

The shophouse market’s recent downturn in transactions and rentals during Q3 2023 is a complex phenomenon influenced by a myriad of factors. While the current outlook may seem daunting, history has shown that shophouses are resilient investments. With strategic planning, an eye for potential, and a pulse on the market’s heartbeat, stakeholders can navigate through these turbulent times. As the market continues to evolve, staying informed and adaptable will be key to turning challenges into opportunities.

AMO Residence, the 372-unit condominium at Ang Mo Kio Rise by UOL Group, Singapore Land (SingLand) and Kheng Leong Co, racked seven prizes in the EdgeProp Singapore Excellence Awards (EPEA) 2023. The awards ceremony was that took place on October 6 the project won awards for top development Design Excellence, Landscape Excellence Sustainability Excellence Marketing Excellence, Innovation Excellence, and Showflat Excellence.

Pinetree Hill price equivalent to $1,318 per square foot per plot ratio (psf ppr).

AMO Residence occupies a 99-year leasehold site situated off Ang Mo Kio Avenue 1 in District 20. The 136,480 square foot residential parcel was granted the property to Unite Venture Development (2021) which is a joint venture of 60:20:20 with UOL Group, SingLand and Kheng Leong through a Government Land Sale auction during June of 2021. They beat 14 other bidders to the site by submitting the winning bid that was $381.38 million ($1,118 per plot ratio, or psf per plot ratio or ppr).

The following year in the same year, the developer presented AMO Residence. It was designed through P&T Consultants, the condo comprises two 25-story towers. The condo has two-to five-bedroom apartments that range from 614 sq feet to 1,475 sq feet. Three penthouses are also available with a total of 2,293 and 2,497 square feet. The project is scheduled for completion by 2026.

The condo was launched on the 23rd July 2022. It received an overwhelming response, with the 98% all units selling within the first few hours of its launch. Caveats filed with URA on October 1 reveal that just two units are left available for sale, two penthouses measuring 2,293 square feet each. The 370 units that were sold were purchased at an average cost of $2,112 per square foot, which is an all-new benchmark for prices of condos for the Outside Central Region.

Mature estate
The opening AMO Residence AMO Residence marked the first new condominium within Ang Mo Kio in over eight years. The AMO Residence was the last private residential development was the 6-unit The Panorama located at Ang Mo Kio Avenue 2 which was launched in January 2014 and finished in the year 2017.

The AMO Residence’s position within an established Ang Mo Kio estate contributed greatly to its appeal for buyers. The apartment is located close to a variety of amenities, including malls like AMK Hub, Thomson Plaza and Junction 8 just 10 minutes drive away and hawker markets such as Cheng San Market and Mayflower Market. Residents are also able to access green spaces in the vicinity such as the Bishan-Ang mo Kio Park, as well as Lower Peirce Reservoir Park. A bike path that runs throughout the entire estate being built in stages which will improve connectivity in Ang Mo Kio and surrounding neighborhoods.

A number of schools are situated in the estate, which makes it a desirable neighborhood for families. Schools within a mile away from AMO residence include Ai Tong School on Bright Hill Drive, CHIJ St Nicholas Girls’ School located at Ang Mo Kio Street 13 and Ang Mo Kio Primary School located at Ang Mo Kio Avenue 3.

The development is just a five-minute walk from the Mayflower MRT Station on the Thomson-East Coast Line, one stop away from to the Bright Hill MRT Interchange Station on the upcoming Cross Island Line. The proposed North-South Corridor, slated to be completed in 2026 will cut down the time it takes to drive from the CBD by as much as 30 minutes.

Reservoir-themed landscape
Because of its proximity to gorgeous parks, it’s no surprise that the design of the AMO Residence takes inspiration from the close natural landscapes. “AMO Residence blends harmonious architecture and the theme of a reservoir in the landscape, that is inspired by the natural surroundings and lush greenery,” said Jesline Goh UOL’s chief investment officer and asset officer in a press release to announce the condominium’s opening.

More than 60% of the site is devoted to landscaping and other facilities. The grounds of the condo include a number of pools and water features that fit into the theme of reservoirs. The most prominent feature is the infinity pool of 50m between the two residential blocks. Other amenities include tennis courts as well as a clubhouse, three functions rooms, an outdoor kitchen and eating areas as well as a gym and playground.

The facility is divided into three zones on the site and offer a range of outdoor and indoor areas that meet residents’ various lifestyle requirements. Three different functions rooms are available to entertain guests or work. A variety of areas to unwind and relax are also integrated into the design including the beautiful cabanas at the pool as well as a hammock deck, and the foot reflexology area.

Yvonne Tan, director of the landscape architecture firm DP Green and one of the judges for EPEA says that the facilities of the project were carefully planned and placed on the site. “By being able to place the facilities in a suitable position of the infrastructure this project was able to incorporate an extremely long swimming pool that contributes to the attractive landscape,” she adds.

Also, consideration was given to the layout of the condo and the towers are positioned in a north-south orientation that permits more than half each condo unit to enjoy uninterrupted view of surrounding parklands, as well as low-rise housing areas.

As per the developer the landscaping of AMO Residence is planned to blend with the natural environment. A variety of native and tropical plants will provide a lush and natural landscaping. As the plants grow they will create an organic barrier from the area and the immediate environment as well as contributing visually to the region’s lush greenery.

Modern and luxurious homes
The homes at AMO Residence are designed to offer elegant, modern homes that balance with functional. Two-bedroom units come with an arrangement that is designed to maximize efficiency. Two-bedroom luxury homes come with a small space that could be used as an office or storage. Four- and five-bedroom apartments are equipped with private lifts as well as separate kitchens that are dry and wet areas.

Interior finishes for homes provide aesthetics as well as easy maintenance. In the three- and two-bedders the tiles with a marble-like effect are used as living, dining and bathroom flooring. the bedrooms are fitted with vinyl flooring. Three-bedroom premium units as well as five-bedders with four beds have stone flooring throughout the dining, living and kitchen areas. hardwood flooring is installed in bedrooms. In five-bedroom units the kitchen space is dry with a marble wall.

The three penthouses in AMO Residence were designed exclusively by Takenouchi Webb an Singapore-based design company who has designed projects like The Citadines service apartment in CapitaSpring, The Coconut Club restaurant located on Beach Road, and Tanjong Beach Club in Sentosa.

Penthouses in AMO Residence feature marble flooring in common areas as well as hardwood flooring in bedrooms. The flooring in the master bedroom is set in a herringbone pattern and the bathroom is fitted with custom-designed marble vanity.

The homes in the development come with smart home devices like the digital locksetter, IP cameras to provide security and home surveillance, and smart air conditioners. Residents can also access an app that is mobile-friendly to access services like reservations of facilities, as well as visitors’ e-registrations.

One Draycott, the boutique development developed by SDB Asia (a part to the Malaysian company Selangor Dredging Bhd or SDB) was granted a temporarily-issued occupation permits in the month of April. It is named for its location at 1 Draycott Park, the completed One Draycott is an elegant addition to the neighborhood. It is a single, 18-storey structure that is triangular It has a modern exterior with dark-toned curtain walls that are complemented with champagne and gold-colored trimmings. Black metallic panels with perforations are atop the highest point of the tower. In the evening, warm light can be seen in the facade and the common areas, which softly light the structure, creating an entirely new look.

Pinetree Hill at Ulu Pandan where the charming property sits in the central region of Singapore.

The style and design of the building was the main considerations for SDB who saw the project as a custom luxurious residence that would be a fitting addition to the exclusive residential enclave of Ardmore-Draycott that it was built in.

London-based architectural company CarverHaggard was commissioned to design the building, in collaboration and the Singapore-based JGP Architecture. Both firms were charged with designing a distinctive design that gave a modern and luxurious appearance. In addition, SDB wanted the design to be practical.

The result is a structure that is a perfect blend of aesthetics and functionality. For example, the straight forms of One Draycott’s exterior do not just offer a distinct, contemporary appearance and style, but they also help to keep it in good shape in comparison to buildings that have curvatures on their exteriors. The tower’s design was designed to mimic the triangular design that is One Draycott’s site and maximize efficiency of the land.

These thoughtful design decisions are just one of the main factors behind why One Draycott scored an outstanding five wins in the EdgeProp Excellence Awards (EPEA). The awards ceremony was held on October 6, SDB Asia was presented with the top prizes to recognize Top Development, Top Luxury Development, Top Boutique Development, Design Excellence and Sustainability Excellence.

Utilizing the natural surroundings
One Draycott occupies a freehold site that was once home to an apartment block with seven floors built in the late 1990s. In June of 2018, SDB acquired the site by way of a private treaty with a value of $72 million, which reflects an average land value of $1,787 per plot.

The 17,442 square foot site is conveniently accessible to facilities. It is located within walking distance to The Orchard Road shopping belt, and is also near popular clubs like The American Club and Tanglin Club. It is also within walking distance of reliable schools such as Anglo-Chinese school (Primary) located on Barker Road, Raffles Girls’ School located on Anderson Road, and EtonHouse International School located on Tanglin Road.

The site is located in the District 10 area of prime located in the District 10 district, the site is located close to the intersection of Draycott Park and Draycott Drive and is situated right next to Ardmore Park. The luxury apartments, which include one unit, 34 units the Sculptura Ardmore and The 20 unit Eden along with the 330-unit Ardmore Park are located around the development.

In spite of its high-profile site, SDB acknowledges that the initial site was not without challenges from the perspective of a developer. Apart from being small with an irregular shape the site was situated on a slope that was set back away from the road that was accessed via a lengthy and slanted drive. Drainage and sewer connections from nearby developments travelled through the site which added to the complexity.

In the face of these issues, SDB worked with its architects to develop solutions that made use of new design concepts while embracing the natural features of the land. The basement, which is two levels deep, was constructed to serve as a car park, while also helping to raise the site. The residences are situated over a deck for facilities on the second level, providing even the units on the lowest floors an air of height and security.

To capitalize on the fact that it is hidden far from main roads the driveway was created to create a sense exclusiveness to the community with wide cobblestone sidewalks that are surrounded by lush vegetation. The drop-off point the structural column is cleverly concealed by an attractive artwork dubbed “The Pangolin” that is the focal point to greet the residents and visitors. It is constructed of Lucerna stones the sculpture was crafted by British artists David and Anna Hiscock of DAH Studio.

Premium homes
SDB’s focus on design that is functional extends to the residential units as well as the communal areas of the structure. The attention to detail was made to ensure the layout of each unit which maximizes space. The curtain wall layout selected for the facade offers the units with floor-to ceiling windows that let in plenty of daylight and creating an impression of space.

Each apartment comes with its private balcony with glass railing. Furthermore, every balcony comes with an adjustable slide-and-fold screen that lets you make the most and use of space. Once the screen has been folded up and placed to the right side of the building, it is an open space that offers expansive views of the surrounding area. However, when the screen is utilized to shelter the space from the elements of the outside which effectively extends the internal space. The screen’s champagne colour is used to provide a unified appearance to the rest of One Draycott’s exterior and has perforations to let air flow in the course of.

In terms of the mix of units, One Draycott comprises two-bedroom apartment sizes that range from 732 to 797 square feet. There are four penthouses on the upper floor that are between 1,238 and 1,346 square feet. Each unit comes with a separate lift lobby as well as an additional access door that is located in the fully-enclosed kitchen to the lifts for service.

On the second floor, the facilities deck is home to a carefully designed set of amenities such as a lap pool the gym, and an outdoor dining and lounge area that is equipped with kitchen facilities. The lush landscaping was used to create a warm feeling of tropical with a variety of trees, shrubs and plants adorning the area and a tall ceiling increases the airflow and creates a sense of spaciousness.

To complement the thoughtfully-designed homes, premium fittings were chosen, including kitchen cabinetry by Italian brand Ernestomeda and appliances from Miele and De Dietrich.

Elegant touches
In addition to its practical design, the judges at the current EPEA were awed by the exquisite finishes woven throughout the project and are testimony to the attention paid by SDB to the tiniest details. The residences’ principal living spaces are furnished with marble slabs that have an ebony finish, and rooms are outfitted with herringbone timber flooring. The front of every home has a sturdy timber door with a lengthy brass handle, adorned with hand-crafted oak facets that feature the geometric design created by the Hiscocks.

In certain common areas residents will find feature walls made of Lucerna stone that has been carved in the same pattern as the facets of the oak, providing an overall sense of unity throughout the condominium. The lobby of the lift the geometric pattern is displayed in delicate frames made of the finest steel.

SDB emphasizes that the material used to create these elements are more than just a decorative function. For instance, Lucerna stone, which is a northern part of Italy was selected not just because of its a distinctive and elegant appearance, but also due to its resistance to extreme weather conditions and heavy use. The herringbone floors, though stunning, require a certain way of installing them which makes them more resistant against wear and tear due to moisture and humidity.

Green sanctuary
One Draycott was designed to provide an oasis of green and privacy in the midst of Singapore. To achieve this goal the city was able to implement more environmentally sustainable building and maintenance practices.

Precast construction, for instance, was used in bathrooms in all sizes as well as for stairs and garbage chutes. The project also collects rainwater, which is then used for irrigation of plants, while sensors are used to provide amenities like lighting in basements and staircases, as well as jet fans in order to reduce energy consumption.

In the houses, layouts were designed to include windows that could be opened in any way that is feasible and thereby enhancing cross-ventilation across rooms and reducing the use of air conditioning. On the deck for the facility on the second floor high ceilings permit the space to feel spacious and cool, as well as the abundant use of plants and landscaping.

Drawing inspiration from the lush greenery and mature trees located in the neighborhood of Ardmore-Draycott, SDB wanted to create an experience in the landscape at the development, which is integrated with the surrounding environment.

The greenery was integrated throughout the development with different elements like grass turfing, trees and trees. Planter boxes housing creeper plant were placed from the carpark in the basement all the way to the entrance level. When the plants are mature, they will form an elongated green wall that will help beautify the space as well as providing shade.

On the deck for facilities, landscaping was designed around the “mini-forest” theme. It features the plants of all aspects of the rainforest ecosystem. Additionally these plants are indigenous to Singapore or the larger Southeast Asia region, making them more manageable to keep. In addition, the road is lined with strips of planters that contain tough vines that are also a favorite for pollinators like bees and butterflies.

Based on caveats filed in September 29th with URA The 34 units of One Draycott have been sold up to date for an average cost of $3,174 per square foot, with buyers primarily Singaporeans and permanent residents in accordance with SDB.

Recently the developer has also announced an arrangement for deferred payments for the remaining units with potential buyers being given the option of prolonging the time to complete their sale or to extend the exercise period for the option.

In the last month, an HDB executive maisonette at 278 Bishan Street 24 has been sold at a record cost at $1.45 million, making it as being the priciest executive maisonette to the present. The property covers an size of 1,851 sq feet and is situated on the 19-21 floors in the 21-storey HDB block. The price paid is $783 per square foot. The block was finished in 1992. The unit is still 67 years on the 99-year lease. The deal was signed with the help of the Huttons Asia’s Eugene Tay.

Pinetree Hill launch date enjoys the improved infrastructure in district 21, Singapore.

The previous record price for a house was in December 2022 when a 1,641 sq. ft apartment located at Toh Yi Drive located off Jalan Jurong Kechil, fetched $1.3 million which was calculated using EdgeProp Singapore’s Landlens tool. The price was $805 per square foot.

Maisonettes are sought-after since they are typically double-storey and measuring between 1,582 sq feet and 1,722 square feet. They comprise three bedrooms: one master bedroom that has an ensuite bathroom, two bedrooms that share a bath as well as a living room with a dining area and kitchen.

Maisonettes are scarce because the HDB has stopped creating these types of homes. They’ve been replaced with executive condominiums (ECs) that are a hybrid of private and public housing condos, since.

Lee Sze Teck, senior director of data analytics at Huttons Real Estate, says the block that is located at 278 Bishan Street 24 contains 68 four-room flats, and just eight maisonettes. He believes the deal “could be an one-off” due to the limited availability of these properties. The property could be a penthouse executive with uninterrupted views of the surrounding area and is close to the Ang Mo Kio-Bishan park.

The maisonette located situated at 278 Bishan Street 24 established a new record in Bishan, three other homes in Bishan also reached 1 million in the September. One of them was a 1,604 sq feet of maisonette located on a low floor (levels 1 through 3) located at the 401 Sin Ming Avenue that was sold for $1,008,888. The block was built in 1985. The property is still 61 years under the lease of 99 years. A second maisonette measuring 1,572 square feet at Bishan Street 22 at Bishan Street 22 sold for $1.165 million. A similar-sized property located at Bishan Street 13 is purchased at $1.188 million.

The other side of on the same street Natura Loft, which is a one-of-a-kind 480-unit HDB development that was built in the Design, Build and Sell Scheme (DBSS) located at Bishan Street 24 also saw an all-time record set this month. The record was established when a five-room unit that occupied 1,292 square feet located on the 34-36 floors of Block 273B sold in the amount of $1.43 million. It was the highest price that has been recorded at the building in absolute value. This record previously belonged to a five-room house that was sold for $1.4 million during June.

Natura Loft also saw another million-dollar sale in September. One of the units in Block 273A, which is located on a lower floor was sold at $1.3 million.