Tag Archives: geylang

Sims Drive new project enboldens new hope

DEVELOPER GuocoLand hopes to transform the dull and dusty Sims Drive area with its Sims Urban Oasis project.

The 1,042-unit development will be a major addition to an area marked by industrial buildings and several blocks of Housing Board flats.

GuocoLand, which will announce details of the project today, bought the 2.4ha, 99-year leasehold site for $530.9 million, or $688 per sq ft (psf) per plot ratio, in April.

Experts estimate that break-even prices will be $1,090 psf to $1,130 psf, with sales possibly at $1,220 psf to $1,300 psf.

Mr Cheng said the site’s location is a key selling point. It is a five minutes’ walk to Aljunied MRT station, a five-minute drive to the Sports Hub and less than 15 minutes’ drive to the central business district.

He noted that small cafes and organic restaurants, including Loysel’s Toy and Cafe Melba, have set up shop in the area, a harbinger of more vibrancy to come.

“The area is almost like Tiong Bahru in that it was quite sleepy in the early days,” Mr Cheng said.

The size of the development also means it can be more generous with amenities, including a “Skypark” on the 19th storey that will be a vantage point for viewing fireworks at Marina Bay.

GuocoLand intends to have four clusters of homes, including more compact “suites” and small home office units, to cater to different types of home owners, from singles to families and upgraders.

This “broader appeal” is a departure from its previous projects – Clermont Residence at Tanjong Pagar Centre, Leedon Residence in Leedon Heights and Goodwood Residence in Newton, which was completed last year.

The firm had sold 15 units at the 181-unit Clermont Residence by the end of October, 145 at the 381-unit Leedon Residence and 158 at the 210-unit Goodwood Residence.

Oxley hotel for sale by auction

OXLEY Hotel, a freehold eight-storey boutique hotel sitting on a 3,725 sq ft plot of land in Lorong 6 Geylang, has been put up by its owner for sale by auction.

The hotel has 56 guest rooms, seven car park lots and a total gross floor area of 12,238 sq ft.

Its indicative price is S$25 million.

Under the 2008 Master Plan, the site, with a gross plot ratio of 2.8, is zoned for residential / institution use.

The auction will take place at the Amara Hotel at 2.30 pm on Nov 21.

Grace Ng, deputy managing director of Colliers International, said that the supply of hotels in the vicinity is expected to be stable in the near term, as it is unlikely that the authority will approve new sites for hotel use.

“Hence, this offer is timely for current hotel operators or investors to seize the opportunity to invest in the hospitality industry,” she said.

The property has consistently achieved a stable occupancy rate of 80 to 90 per cent, which will translate to a sustainable yield for the buyer, she said.

“The property sits in an area with a vibrant mix of retail shophouses, budget hotels and religious buildings. The area is also known to locals for good food and will appeal to budget travellers who prefer to take the off-the-beaten track in exploring Singapore,” she added.

Another property that will go on the auction block is a single-storey detached house at 18 Dalkeith Road. It is put up as an estate sale.

Located off Dunearn Road in the prime District 11 neighbourhood, the freehold property has an attic, four bedrooms and a lush garden. It sits on an elevated rectangular-shaped site of about 9,980 sq ft and has double road frontages.

Under the 2014 Master Plan, the site is zoned for “two-storey bungalows” use.

The indicative price is between S$19 million and S$21 million. The property is to be sold with vacant possession.

Flashback to an old housing estate

Bidding farewell to a precious piece of Singapore’s history is always difficult.

Dakota Crescent, one of Singapore’s oldest public housing estates, will be vacated by the end of 2016 to make way for new developments under Mountbatten’s estate renewal plans.

The cosy block of flats just off Old Airport Road has been a sleepy refuge for the Singaporeans who call it home.

We look back at some of the features of Dakota Crescent.

– See more at: http://www.straitstimes.com/news/singapore/housing/story/5-things-remember-about-dakota-crescent-20140725#sthash.HZS1tSLt.dpuf

Singapore Improvement Trust (SIT) HDB flats at Dakota Crescent.-- PHOTO: THE NEW PAPER FILE

The former Kallang Airport has been home to the People’s Association (PA) since 1960. -- PHOTO: PEOPLE'S ASSOCIATION

Tian Kee provision shop in Dakota Crescent has been turned into a cafe that retains the feel of the old place. -- PHOTO: ST FILE

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Block 62 Dakota Crescent, which won the Cleanest Block Competition in Marine Parade Town for two years consecutively. -- PHOTO: ST FILE

Paya Lebar-Katong

I was taking a stroll near City Plaza this evening and saw this old neighbourhood rejuvenate in front of my eyes.

City plaza, a freehold mixed development since the ’80s, is becoming a wholesale hub for ladies apparel. Also due to its location near Geylang and Geylang Serai, money changes and remittance centres sprang up at level 1 near the junction of Tanjong Katong, Changi Road and Guillemard Road. Signboards and posters in English, Chinese and Bahasa are plentiful.

Nearby One KM is still undergoing construction. Grandlink square is quiet as usual, with a few real estate agencies sprang up on level 1. Paya Lebar Square Is completing soon and I know there are still units for sale by the developer.

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