Archive for category: Misc

River Valley Green Condo will have excellent transportation options, with multiple MRT stations and bus stops nearby. Residents will also enjoy easy access to major expressways, making it convenient to travel to other parts of the city. The development also takes into account the importance of green spaces and sustainability, incorporating them into its design to provide a more eco-friendly living environment for its residents. With a prime location and thoughtful planning, River Valley Green Condo offers a desirable and well-connected home for those looking to live in the bustling city.

The URA Master Plan is continuously striving to enhance connectivity throughout Singapore, and this is especially beneficial for residents of River Valley Green Condo. This highly sought-after development will enjoy excellent transportation options, with multiple MRT stations and bus stops in close proximity. In addition, major expressways are easily accessible, providing seamless travel to other areas of the city. Moreover, sustainability and greenery are important aspects of the design of River Valley Green Condo, creating an eco-friendly living space for residents. With its strategic location and thoughtful planning, River Valley Green Condo offers the perfect combination of convenience and sustainability, making it an ideal home for those looking to live in the vibrant city.

In the Tanjong Pagar Conservation Area, three adjoining conservation shophouses at 60, 62 and 64 Tanjong Pagar Road have been put up for sale by expression of interest (EOI). The price tag of $36 million for the three shophouses translates to $6,000 psf based on floor area. The shophouses have a 99-year lease from 1988; hence, they have a remaining lease of 63 years.Collectively, they occupy a land area of 3,335 sq ft and have an estimated floor area of 6,000 sq ft. The double-storey shophouses’ first floor has been turned into the main dining hall with private VIP rooms on the upper floor.The shophouses come with approval for F&B restaurant use on the first and second storeys (Source: EdgeProp Inspector)The three shophouses have been zoned “commercial” under the URA Master Plan 2019. The shophouses are within the Tanjong Pagar Conservation Area in prime District 2 of the CBD. They are within walking distance of the Maxwell MRT Station (Thomson-East Coast Line) and the Tanjong Pagar MRT Station (East-West Line).Street parking is available at the open-air carparks at Peck Seah Street and Duxton Hill.Recent shophouse transactions in the area include a 99-year leasehold shophouse at 120 Tanjong Pagar Road that changed hands for $16.2 million last August, according to a caveat lodged.The EOI exercise for the three shophouses on Tanjong Pagar Road will close on Feb 29. The shophouses will be sold with the existing tenancy, says Terry Wong, JLL senior director of capital markets, the appointed marketing agent for the properties.The Tanjong Pagar Conservation Area rejuvenation is underway with the emergence of more high-rise commercial, mixed-use and residential towers in the CBD.Scale model of the upcoming TMW Maxwell (redevelopment of the former Maxwell House) nearby (Photo: Albert Chua/EdgeProp Singapore)An upcoming mixed-use development nearby is TMW Maxwell (former Maxwell House), with 324 residential units and 11 commercial units. One Bernam is another upcoming residential development with 351 residential units, serviced apartments, retail and F&B.Other new landmarks coming up in the area include the 63-storey Skywaters Residences, which, at 305m, will be the tallest tower in Singapore, the redevelopment of Fuji Xerox Towers into the new 47-storey Newport Residences and the new premium office tower, Keppel South Central (former Keppel Towers).Read also: Property market: Dealing with the effects of cooling measures and global economic turmoilAdvertisementArtist’s impression of the Keppel South Central (former Keppel Towers) office development at Hoe Chiang Road in Tanjong Pagar (Picture: Keppel South Central)The residential population in the CBD will increase significantly with the addition of 1,136 new residential units, says JLL’s Wong. In the future, the Greater Southern Waterfront will see an additional 9,000 housing units spring up on the former Keppel Club site.A freehold three-storey shophouse located at 34 Keong Saik Road in District 2 was sold at $5,823 psf on the built-up area in August 2023. The shophouses at 18 Hongkong Street and 97 Amoy Street in District 1 were sold for $5,096 psf and $5,085 psf on total floor area, respectively, notes JLL.The shophouses’ location within the Tanjong Pagar precinct and proximity to the Greater Southern Waterfront will ensure they benefit from the larger catchment and higher footfall in the future, says Wong.