Uncategorized – Page 3 – Colleen & Keith Condo

Creating Community and Enhancing Quality of Life from The Benefits of Mixed-Use Development Tampines Ave 11 Condo

Posted on June 24, 2023July 19, 2023 by collkeith

The Tampines Avenue 11 Condo development is a fine example of a mixed-use development, with residential, commercial and recreational spaces all in close proximity to each other, creating a perfect balance of privacy and interaction. Benefit from commercial areas such as cafes, supermarkets, and other leisure and entertainment spots, as well as numerous amenities available, perfect for socialising and forming connections with neighbours. Enjoy the perfect mix of recreational activities, work opportunities, and a vibrant living experience.

Mixed-use developments can help foster a sense of community among residents by encouraging interaction. Amenities available to residents can act as a social gathering place, facilitating connections and creating a lively, people-focused living environment. The presence of commercial spaces also provide opportunities for people to meet and get to know each other, contributing to a positive living experience and enriching the quality of life of those who inhabit the area.

The Master Plan …

CapitaLand Ascendas REIT divests local industrial building at 219% premium from 2005 purchase price

Posted on April 21, 2023October 10, 2023 by collkeith

CLAR, the manager of CapitaLand Ascendas REIT (CLAR) has announced the divestment of Singapore industrial building KA Place for a consideration of $35.38 million. The sale and purchase agreement was entered by the REIT’s trustee, HSBC Institutional Trust Services (Singapore).

The consideration figure of $35.38 million represents a huge 219% premium to CLAR’s purchase price of $11.1 million in March 2005. It is also an impressive 55% premium to the property’s market valuation of $22.8 million as at Dec 31, 2022.

KA Place is a seven-storey high-specification industrial building with a carpark on the second storey. It is situated at 159 Kampong Ampat, and possesses a total gross floor area of 10,163 sq m and a remaining land lease tenure of about 35 years.

The manager of CLAR has decided that it is an opportune time to divest the property, as Marina Gardens Condo it fits into their proactive asset …

Ascott targets to double fee revenue to over $500 mil in next five years

Posted on April 21, 2023 by collkeith

Ascott Limited, the lodging business unit of CapitaLand Investment (CLI), is targeting to double its fee revenue to over $500 million in the next five years. This is off the back of its FY2022 base of $258 million – the highest earning on record so far. FY2022 saw an impressive 36% y-o-y growth, mainly due to record signings and property openings. Additionally, the business has also achieved its target of securing 160,000 units by 2023.

To further strengthen its product offerings and fee revenue, Ascott will be running its mid to luxury scaled serviced residence, hotel, co-living and senior living brands. A 8%-10% annual net room growth rate over the next five years is expected to bolster fee revenues. Kevin Goh, the CEO of both Ascott and CLI Lodging, is optimistic about the prospects of the business.

“With our asset-light strategy, Ascott has doubled in units every five years, growing …