Progress of Forest City (03.10.2016)

One of the hottest development currently ongoing in Malaysia is the Forest City, located very near to Singapore's Second Link. I have specially went down today to take a peek at the current progress of the project.

So many cars parking along the road
Traffic Jam at Forest City
vast piece of land at forest city prepared for development
Vast piece prepare for development
Some development are ready like Phoenix Hotel.
Completion on the last segment of the bridge to Forest City.
Completion on the last segment of the bridge to Forest City.
Forest City, Johor Bahru
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Funan DigitalLife Mall undergoes Major Revamp, Expected Completion in 2019

Artist Impression of the new Funan Development Exterior Look
Artist Impression of the new Funan Development. Image Credit: CapitaLand
Developers CapitaLand has celebrated the groundbreaking on 7th September 2016 for the revamp of the current Funan DigitalLife Mall which is expected its completion in 2019. It also marks the first time the IT mall closed it doors on June 30 after operating for 31 years.

The redevelopment of the mall will double its current floor area to 887,000 sqft including two office towers, serviced residences and retail stores space.

The mall will retains its base business by selling IT products, but the mall will be incorporating tech experience throughout the entire development. The new integrated development will also include a Golden Village cinema, indoor climbing gym, as well as a click-and-collect shopping experience.

Mixed Themes For Retail Space

Artist Impression on te interior design of Funan Redevelopment
First mall in Singapore to allow cycling throughout the building.
Image credit: CapitaLand

The retail stores will be spread over six storeys, contributing a total net floor area of 324,000 sqft. It will be divided into three broad themes: Tech, Fit and Taste.

On Tech

Golden Village's new cineplex will offer a multi-sensory experience using the latest technology for cinematic experience.

On Fitness

Climb Central will offer a 50-lane rock climbing facility with its highest wall spanning up to the 4th storey.

There will also be a futsal court, gym and a flexible space that can be turned into a basketball court at night using laser projections.

Indoor cycling lanes will also be incorporated into the new building, with bike shops, bike cafes, lockers and shower facilities available for the cyclists.

On Taste

Kopitiam will operate a high-tech food court called KOPItech, which will features robotic vacuum cleaners and self-ordering kiosks.

The mall will also feature a six-storey wooden and steel structure called The Tree Of Life, which will be the centrepiece of the complex. It will be used to house open spaces and studios that promote new forms of retail and learning, such s spaces for local designers and makers to showcase their craft and conduct classes.

To further enhance on shopping experience, Funan will also be offering an window-to-online shopping, which allows the shoppers to collect their purchases via drive-through at Funan's concierge.

Artist Impression on the Aerial View of Funan Development
Aerial View of the New Funan Development
Image Credit: CapitaLand

Facts About The New Funan Integrated Developments

  • Singapore's first commercial building to allow cycling throughout the building.
  • Singapore's first kopitiam with robots cleaning system
  • 4,000 sqft urban farm

Development Fact Sheet


Location: 109 North Bridge Road

GFA Distribution
6-storey retail component (B2 to L4) - 500,000 sqft
2 blocks 6-storey office tower (L5-L10) - 266,000 sqft
9-storey tower of co-living apartments (L4-L12) - 121,000 sqft
2 level of basement carpark (B3 & B4) - About 400 lot for entire development.

More information can be found here at CapitaLand Official Announcement.
Funan DigitalLife Mall
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Open House at Sky Vue Condominium

Last Saturday, Sky Vue has organised an open house, exclusively for their home owners. There were food, freebies and lucky draw for these home owners and definitely some merchants trying to promote their products as well.

1st Level

Sky Vue The Living Pavilion and Leisure Pool with Aqua Deck on 1st level.
The Living Pavilion and Leisure Pool with Aqua Deck on 1st level.
carpark area for Skyvue
Carpark area for Sky Vue.

7th Level

living pavilion at level 7
Living Pavilion
Sky Vue 50m Pool with Sun Deck.
50m Pool with Sun Deck.
(From here, you can also actually see the Sky Habitat at the back.)
Views of Bishan from Sky Vue Level 7
View of Bishan from Level 7

Level 37

Sky Walk area at Level 37
Sky Walk area at Level 37. 
Views of Blk 3 and Sky Gym at Sky Vue.
From Sky Walk, you have a clear view of block 3 and the Sky Gym opposite of it.

One Bedroom Showroom


Beside that, the developer also opened up a few showrooms, hoping to sell of the balance units in Skyvue, the below unit was located at Block 1, Level 36.

It is room Type Aa (1-br) which is about 45 sqm / 484sqft.

One think I like about the one bedder is definitely the layout. The designers have fully utilise the space for either a singleton or couple without kids.

open kitchen and living room at sky vue
Open Kitchen and Living Room

bathroom at sky vue
Bathroom

master bedroom at sky vue
Master Bedroom

views from sky vue master bedroom
Views from the Master Bedroom. Fantastic.
For more information about Sky Vue, you can try looking at their Official Website here.
Capitaland, Condominium, Sky Vue
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Vision Exchange - The 2nd CBD in Singapore's Jurong Gateway

artist's impression of vision exchange at jurong gateway

Address

2 Venture Drive, Jurong East

Developers

Sim Lian Group Ltd and Sim Lian Holdings

Typical Floor Plate for Lease (L18-L25)

  • Approximately 25,000 sqft
  • Possible subdivision from 2,000 sqft onwards

Availability

Expected TOP in 1st Quarter 2017

Location and Infrastructure

location of Vision Exchange

Earth view of Vision Exchange location

  • Regional Centre in the West - Singapore 2nd Central Business District (CBD)
  • Opposite of proposed High Speed Rail (HSR) Terminal
  • Existing & New MRT Lines - Jurong East MRT, Jurong Region Line & Cross Island Line
  • Sheltered pedestrian walkways to Jurong East MRT and Bus Interchange, International Business Park (IBP) as well as majors malls.
  • relocation of MNCs, major companies and government agencies such as Daimler, CPG Corporation, GE Life, BCA and AVA to Jurong Gateway.
  • Close proximity to the IBP, Jurong & Tuas Industrial Estates and upcoming Jurong Innovation District and Tuas Mega Port

Key Features of Development

  • Regular and efficient floor plan
  • Raise floor to false ceiling: approximately 3.0m in height
  • Fire-optic connectivity, central air-condition system
  • water tap off point and floor trap provision to all units.
  • Full height glass facade offering optimal views and natural light
  • Landscaped deck with facilities exclusively for officer users.

More Information about Vision Exchange

Vision Exchange Landscape
Vision Exchange - Medical Excellence
Vision Exchange - A Vision of Success
Vision Exchange - Work, Live, Play & Learn
Vision Exchange - Excellent Connectivity
Central Business District (CBD), Jurong Gateway, Vision Exchange
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Information on Lake Grande at Jurong East

A new property is coming up in the Jurong East area which is in close proximity to Lakeside MRT.

Do find the information as below.

Buying Points

  • 5 mins walk from Lakeside MRT
  • Near to Canadian International School and Rulang Primary School
  • 2 MRT stop to Jurong East MRT / Bus Interchange, and upcoming High Speed Rail to Malaysia
  • Shopping Retails @ Jcube, JEM, Medical Hub, Business Hub and also upcoming Jurong Lakeside Village.

About the Property

4 blocks of high-rise apartment consists of 710 units of one to five bedrooms.

There will also be full facilities including 50m Lap Pool Tennis Court and Clubhouse.

Tenure: 99 years leasehold
Developer MCL Land

Who is Eligible to Purchase ?


  • Singapore Citizens
  • Permanent Residents (PRs)
  • Foreigners
Condominium, Lake Grande
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4 Good Class Bungalow change owners since start of 2016

While there are many negative news on the market for 2016, we have seen already at least four transactions for Good Class Bungalow (GCB) in less than two months from start of the year. Has the drop in prices attracted much buyers ?
GCB along Peirce Road

The latest GCB sold was along Peirce Road that has changed hands for almost S$24 million, price working out to S$1,479 per square foot (psf) based on the freehold land area of 16,224 square feet.

Located in the Ridout Park GCB area, the 2-storey property is understood to have been purchased by Tan See Leng, managing director and chief executive officer of IHH Healthcare Bhd. It was previously transacted a decade ago, in April 2006 for S$9.5 million, according to SISV REALink caveats information.

It was also being reported in the last month at upscale property developer Simon Cheong sold a King Albert Park Bungalow that he built a few years ago. The price was S$25 million or S$1,493 psf on a land area of 16,750 sq ft. This unit was bought by Fang Koh Look, the founder of Absolute Kinetics Consultancy, which provides workplace safety training and medical services in addition to distributing mobile pre-paid cards.

Other recent transactions in GCB areas include a property at Mount Echo Park in the Chatsworth Park GCB area, sold at S$22.24 million or S$1,322 psf on 16,826 sq ft of freehold land. While another is along Yarwood Avenue, a GCB on a 16,163 sq ft plot has fetched S$15.7 million or S$ 971.35 psf.

While there are more than S$700 million worth of deals transacted in GCB area in 2015, exceeding S$626 million in 2014, Realstar Premier Group managing director William Wong estimates that GCB prices declined about 10-15% last year. He expects prices to continue trending down in the first half of this year in the absence of any positive stimulus, before stabilising in the second half.

References

  1. At least 4 Good Class Bungalow deals sealed since start of the year, Asiaone Business, 21 February 2016.
Good Class Bungalows (GCB), News
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