Category Archives: Katong-JooChiat

Freehold Katong Apartment @$900psf only

Renovated Duplex/Maisonette in East Coast/Katong area. MIns to i12Katong Mall, famous Katong eateries and short walk to the future MRT station, this is a great buy! 2045 sqft at $1.85M. Spacious. Call David King @ 9477-2121 for more details.

Katong/St Patrick Semi Detached house @$5k+ only

Beautiful katong semi detached house for rent. Near Katong eateries, malls, schools ( Tao Nan, Ngee Ann, CHIJ, St Patrick’s, Victoria School and Junior College). Partially furnished with garden. 4 bedrooms with guest room at level 1. 3800/2800sqft. Available now. Call David at 94772121 for viewing.

Saving Dakota Crescent

On local press recently, there is a group of architects, led by Mr Jonathan Poh, seeking to save parts of Dakota Crescent. Dakota Crescent is one of the oldest public housing estate in the island. The group is submitting a paper to MND to provide various options to save the entire area, as well as conserving parts of the iconic structures in the estate.

Based on the government’s rejuvenation plans for old housing estates, the 17 rental blocks in Dakota Crescent is primed for demolition. The residents have to vacate the area by end of 2016, to either nearby Cassia Crescent or elsewhere if they decide to buy a new flat. The site is reserved for future residential development.

The conservation plan include 8 “butterfly blocks” — curved buildings with 2 perpendicular wings at the back; blocks 10 and 20, which are similar to the already demolished blocks in St Michael’s estate in Whampoa and the Princess and Duchess estates in Queenstown. The flats were built SIT in 1958.

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Katong Shopping Centre may go enbloc again

Katong Shopping Centre (KSC) in Katong/East Coast area is making a third time try at the collective sale market, with a asking price of about $630m. More than 80% of owners have agreed to the proposed sale. CDL owns 60 units and 323 carpark spaces in the mall. KSC is built in 1973, at a cost of $20m to CDL.

The psf price of %2248 is seen high in today’s market. The 86,924 sqft site with plot ratio of 3.0 is zoned for commercial and residential use. The current gross floor area (GFA) is 280,203sqft. The agent responsible for the collective sale, Cushman & Wakefield, is applying to URA for outline permission for full commercial site.

The venue is also a prime ideal for additions and alterations to recreate a landmark mall in Katong. A potential 32K sqft space may be set aside for medical suites. The site is within 500-600m of the future MRT stations of Marine Parade and Amber. The tender is due 8 Sept 2016.




Burger King and Long Beach @ East Coast closing next year

After the closing of the McDonald’s outlet in East Coast area in 2012, the latest development in the popular dining area in East Coast will see the moving out of popular eateries and developments in Raintree Cove site. Long Beach Main Seafood restaurant, the only drive-in Burger King outlet, Ju Shin Jung East Korean Charcoal BBQ Restaurant, and Lorna Whiston Pre-school will move out when the lease expires on Feb 28 2017. The landlord, National Parks Board (NPB), will be taking over the space but there are scant details of the development plans. Market talk is that a new concept will replace the current dated structures, to cater for beach-goers.

Thomson-East Coast Line to start building in Q12016

According to LTA announcement yesterday, the Thomson-East Coast Line (TEL) will start construction in this quarter. About $948m of MRT contracts have been awarded for the stations and related tunnels at Tanjong Rhu, Katong Park and Marine Terrace. The construction is slated for completion in 2023. In November last year a contract was awarded to construct Marine Parade station and associated tunnels. The contracts for 5 more TEL stations are yet to be awarded.

Starting from 2019, the TEL will open in stages, with the entire 31-station, 43 km line expected to be fully operational by 2024.

Keppel Land became the retail Manager for i12 Katong

On Sunday, Keppel Corp announced that Keppel Land has acquired a 22.4 per cent stake in 112 Katong mall from BHG, Imagine Properties and Perennial Singapore Investment for S$51.4 million.

Its fund management vehicle, Alpha Investment Partners also hold the remaining 77.6 per cent stake via Alpha Asia Macro Trends Fund. Keppel Land Retail Management will be appointed as the retail manager for the mall.

CEO of Keppel Land Ang Wee Gee said the property management company will focus on strengthening 112 Katong’s positioning as a lifestyle and dining destination in the East.

Bids for Siglap site

A GLS site in East Coast/Siglap area received 8 bids in the recent tender that just ended. The top 4 bids are at above  $800 psf — showing optimism among the developers in the site as well as the region.  The consortium of FCL Topaz, Sekisui House and KH Capital submitted a top bid of $624.18 million or $858 psf ppr for the site between VJC and ECP. The attractive attributes to the site includes being close to amenities at East Coast area and Katong, as well as rare unblocked sea views. The latest MRT project to be announced TEL line is also undergoing preparation works for completion after 2020.

Katong Regency Condo at $3K

Katong Regency 548sqft apartment for rent at $3K. Katong Regency is a Freehold Condominium located at Tanjong Katong Road. Schools close to Katong Regency include Kong Hwa School, Tanjong Katong Girls School, NorthLight School, Tanjong Katong Secondary School, Haig Girl’s School and Chung Cheng High School.

Facilities at Katong Regency include Clubhouse with Indoor Gymnasium, Poolside Lounge, Steam Rooms and Chaging Rooms, Main Infinity Pool, Jacuzzi Enclave, BBQ Patio, Kids’ Pool, Kids’ Play Area, Timber Boardwalk, Water Garden, Sunken Reading Pavilions, Landscape Boulevard, Sloping Water Cascade, Koi Pond, Private Party Pavilion, Reflective Pool, Play Lawn, Meditation Pavilion and Serenity Pool.

Partially furnished / condo fac. Feature Pond view. North South facing with Balcony. MRT, mall, heritage area. Stay at Katong/Paya Lebar Centre.

Only at $3K. Call David King at 94772121.

Resale private home prices in Core Central Region (CCR) and the city-fringe have been more resilient this year

Based on the November flash estimates released by SRX Property on the preceding week, its price index for resale non-landed private homes in CCR rose 1.6 %from December 2014 to November 2015. Over the same period, the index for Rest of Central Region (RCR) appreciated 2.3 %. However, the index for Outside Central Region (OCR) slipped 2.6 %  over the same period.

The relatively better performance in the CCR and RCR so far this year has to be seen against the fact that these two regions suffered bigger price drops last year than the OCR.

 Prices in OCR may be under greater pressure going ahead as 55 % of the 22,351 private homes slated for completion next year will be located in the suburbs.

Year on year, resale volume in November 2015 was 31.2 % more than the 372 units resold in November 2014. However, compared to the peak volume of 2,050 units in April 2010, the latest figure is down 76.2 %.

SRX Property said the overall median transaction over X-value (TOX) was zero in November after posting negative S$3,000 in October 2015. Among districts that posted at least 10 resale deals last month, prime District 9, which includes places such as Orchard, Cairnhill and River Valley, posted the worst median TOX, to the tune of negative S$70,000.

District 15  posted a median TOX of negative S$25,000, while District 16 had the highest median TOX, of positive S$35,000.