{"id":135651,"date":"2023-03-27T09:06:56","date_gmt":"2023-03-27T02:06:56","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tembusu-grand-at-katong-opens-for-preview-private-assisted-living-site-at-parry-avenue-draws-four-bids-and-more\/"},"modified":"2023-03-27T17:09:51","modified_gmt":"2023-03-27T10:09:51","slug":"tembusu-grand-at-katong-opens-for-preview-private-assisted-living-site-at-parry-avenue-draws-four-bids-and-more","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tembusu-grand-at-katong-opens-for-preview-private-assisted-living-site-at-parry-avenue-draws-four-bids-and-more\/","title":{"rendered":"Tembusu Grand at Katong Opens for Preview, Private Assisted Living Site at Parry Avenue Draws Four Bids, and More"},"content":{"rendered":"


\nTembusu Grand at Katong Opens for Preview, Private Assisted Living Site at Parry Avenue Draws Four Bids, and More21st March \u2013 27th March 2023
\nCity Developments Limited (CDL) and MCL Land opened Tembusu Grand for preview on 24 March 2023, with a one-bedroom plus study unit priced from $1.248 million. Meanwhile, the tender for a private assisted living site at Parry Avenue closed on 21 March with four bids received.
\n\u00a0
\n1. Tembusu Grand at Katong opens for preview, prices start from $1.248 million<\/p>\n

City Developments Limited (CDL) and MCL Land have opened Tembusu Grand for preview on 24 March, with sales bookings set to begin on 8 April 2023.
\nLocated within the Tanjong Katong and East Coast enclaves, the 638-unit development comprises four blocks of 20- and 21-storey residential towers.
\nIt features various unit types ranging from 527 sq ft one-bedroom plus study apartments to 1,711 sq ft five-bedders. The development also offers two penthouse units measuring 2,691 sq ft.
\nPrices for the one-bedroom plus study unit start from $1.248 million, $1.548 million for a two-bedder, $2.278 million for a three-bedder, $3.288 million for a four-bedder and $4.028 million for a five-bedder.
\nTembusu Grand is within an eight-minute walk to the upcoming Tanjong Katong MRT station and a short drive to Marina Bay Financial District, the CBD and Changi Airport through major expressways.
\n\u00a0
\n2.\u00a0Private assisted living site at Parry Avenue draws four bids
\nThe tender for a private assisted living site at Parry Avenue closed on 21 March with four bids received, revealed the Urban Redevelopment Authority and the Ministry of Health (MOH).
\nOne of the tenderers \u2013 PRE 20, which is a subsidiary of Perennial Holdings \u2013 submitted two bids.
\nLam Chern Woon, Edmund Tie\u2019s Head of Research and Consulting, attributed the relatively muted response to the development\u2019s care component, in which at least 20% should be set aside for health and medical care use.
\n\u201cGiven the prohibition on land or strata subdivision, the tender presents the scope for the successful tenderer to operate a residential care business rather than a more traditional development model of selling off sub-titles to residents and providing ancillary care services,\u201d he said.
\nLaunched via a Concept and Price Revenue tender, the 12,912.1 sq m site will be awarded based on the evaluation of the proposals by a MOH-chaired concept evaluation committee, followed by the highest bid from the shortlisted proposals.
\n\u00a0
\n3. Every HDB flat will be highly liveable, says PM Lee<\/p>\n

Prime Minister Lee Hsien Loong assured Singaporeans that all towns will be well-planned, well-appointed and well-maintained, reported CNA.
\nAnd while some towns may be more popular than others, the Government strives hard to make each HDB town highly liveable, with up-to-date amenities to meet the residents\u2019 modern living needs.
\nHe noted that every town will have \u201camenities, schools, clinics, hawker centres, kopitiams, sports facilities, good transport connectivity, not just within the town with shuttle bus services, but expressways, MRT lines to the rest of Singapore\u201d.
\n\u00a0\u201cAnd it will be a good place to live in, and your property values will reflect that,\u201d said Mr Lee during the groundbreaking ceremony for Chong Pang estate, a new integrated development in Yishun.
\nSingaporeans know that the country\u2019s public housing system works, he said.
\n\u00a0\u201cWith your support, we will continue to keep this system running well, and we will deliver on our promise to Singaporeans for many more years to come,\u201d he added.
\n\u00a0
\n4. Senja Ridges residents suffered a second water supply disruption in three months
\nResidents at Senja Ridges, a Build-to-Order (BTO) project located in Bukit Panjang, experienced a three-hour water outage on 19 March, their second water supply disruption since moving in around a year ago, reported TODAY.
\nThe town council explained that the water outage was due to an electrical fault that was caused by a ruptured sanitary gasket at the control valve.
\nMost of the residents interviewed by TODAY felt frustrated or inconvenienced by the water outage.
\n\u201cIt\u2019s a new estate,\u201d said a resident who only wanted to be identified as Ms Lim. \u201cI\u2019m quite frustrated that this is happening.\u201d
\n\u201cIn particular, if the water is entering electrical circuits, isn\u2019t there also a safety concern? Sure, having no water is frustrating, but thinking about safety hazards is even more concerning,\u201d she added.
\nMeanwhile, Mr Edward Chia, Member of Parliament for Holland-Bukit Timah Group Representation Constituency\u2019s Zhenghua ward said the incident was \u201cunacceptable\u201d and that they are \u201cpursuing the matter with HDB and the contractors involved\u201d.
\n\u00a0
\n5. Freehold semi-detached house at Goodman Road for sale for $9.2 million
\nA freehold semi-detached house located at 30 Goodman Road in District 15 has been put up for sale via private treaty with a guide price of $9.2 million, revealed exclusive marketing agent Savills Singapore.
\nTo be sold on vacant possession, the house occupies a 4,271 sq ft site, which means the price works out to $2,150 PSF. It is in move-in condition, allowing the incoming buyer to do a full redevelopment or addition and alteration works to suit their needs, said Savills.
\nIt noted that the site \u2013 which is zoned for \u201cResidential, two-storey semi-detached\u201d use under the 2019 Master Plan \u2013 enjoys a 9.6m-frontage along Goodman Road and a depth of 42m.
\n\u201cThis is a rare opportunity for a buyer to acquire a sizeable freehold residential plot within an affluent district at a palatable quantum. Given the limited supply of these landed plots and the rarity of them coming up for sale, we expect strong demand from owners residing within the enclave,\u201d said Yap Hui Yee, Savills Singapore\u2019s Executive Director of Investment Sales and Capital Markets.
\n\u00a0
\n6. Some expats mull leaving Singapore amid skyrocketing rents<\/p>\n

Some expats in Singapore are considering leaving the country due to skyrocketing rental costs and rising costs of living.
\nIn fact, three out of five surveyed by TODAY said they are planning to leave the city-state, as landlords ask for rental hikes of up to 70%.
\n\u201cWith inflation on top of 70% rent increase \u2014 anyone who can leave is leaving Singapore,\u201d said French expat Paul.
\n\u00a0A United Kingdom citizen, who has lived in Singapore for 12 years and wanted to be known only as John S, said \u201cthe expat contracts of 20 years ago don\u2019t exist anymore\u201d. \u201cMost of us are here on local contracts, paying our own rents, healthcare, schooling for kids, flights and so on,\u201d he said.
\n\u00a0While Singapore remains attractive to global companies and talents, a continuous increase in rental prices may gradually affect this attractiveness considering the heightened international competition.
\n\u00a0
\n7. Resale condo projects post strong gains, with OCR projects dominating the top 10 list
\nThe resale condo market remained relatively strong in February, with eight of the top 10 most profitable projects located within the Outside Central Region (OCR).
\nPropNex Research noted that the average profit for the projects ranged from $245,000 to $570,000.
\nThe Bayshore, for instance, registered average resale gains of over $420,000.
\nMeanwhile, Core Central Region (CCR) condominiums dominate the list for top individual gainers, with the top 10 transactions posting profits of between $2 million and $6.5 million.
\n\u00a0\u201cThe units were mostly sizeable large format condos that are more than 1,400 sq ft in size, and from older projects built in the 1980s to more recently built projects in the 2010s,\u201d said PropNex, adding that the holding period was mostly beyond 10 years.
\n\u00a0A 2nd-floor unit at Nassim Park Residences holds the record for the most profitable transaction in February, with a gross profit of $6.5 million.
\nPropNex noted that while the profits for the top 10 transactions may be attractive, they are specific to the particular unit and may not be true for all the units within the development.
\nRelated article:\u00a0Singapore District Map: Defining the CCR, RCR and OCR by the 28 Districts
\n\u00a0
\n8. 305 people lost $1.7 million to rental scams since January 2023<\/p>\n

At least 305 people have been scammed into believing that they were dealing with a legitimate real estate agent from January, losing a total of $1.7 million in the process, reported TODAY.
\nThe scammers often pressure their victims into paying a certain amount of money to secure a rental property before viewing it.
\nMeanwhile, some social media users have also been tricked into helping scammers, who offer to pay a fee in exchange for posting a fake listing, said The Straits Times.
\nTo appear legitimate, the scammers use the photos and credentials of real estate agents they were impersonating.
\nEugene Lim, Key Executive Officer at ERA Singapore, advises agents to lodge a police report if they are impersonated.
\nHe revealed that 23 of the firm\u2019s agents have been impersonated over the past year. ERA has around 8,300 agents as of 1 January 2023.
\n\u00a0\u201cConsumers should reach out to ERA to verify if the listing posted by an ERA agent is legitimate. We have uncovered quite a few scammers in this way,\u201d he said.
\n\u00a0
\n9. Desmond Lee cautions against overcorrecting the property market
\nNational Development Minister Desmond Lee has cautioned against overcorrecting the property market in view of the current global economic volatility, reported The Straits Times.
\nHe noted that Singapore\u2019s property market is currently on an uptrend \u2013 thanks in part to macroprudential measures and cooling measures put in place to prevent bubbles from forming \u2013 while other major markets across the world are falling.
\nIn fact, there are early signs of a slowing down in the resale and rental markets, the minister told The Straits Times.
\nSignificant progress has also been made in clearing the pandemic-induced BTO backlog with 55 projects completed and about 17,000 sets of keys handed to buyers.
\nWith this, Mr Lee said his ministry will monitor the market closely to ensure that they do not overcorrect it.
\nRelated article:\u00a0New Property Cooling Measures (2022): Higher Interest Rate Floors, HDB LTV Lowered to 80%, and New 15-Month Wait-out Period for Downgraders
\n\u00a0
\n10. Six-storey shophouse in Boat Quay yields $16 million profit for seller<\/p>\n

Despite the sluggish activity in the shophouse market, a six-storey shophouse at 52 Boat Quay has been sold for $37 million, which works out to a $16 million profit for the seller \u2013 Wah Loon Engineering Founder Alan Chong reported The Business Times.
\nChong acquired the 999-year leasehold property for $21.35 million in 2018.
\nThe tallest conservation shophouse along the Singapore River, the property occupies a 1,119 site and has a total built-up area of about 6,446 sq ft.
\nIts top two levels are occupied by Michelin-starred Italian restaurant Braci, while the second to fourth levels are occupied by corporate tenants.
\nSavills Singapore confirmed that it brokered the sale, although the agency declined to comment on pricing as well as other details.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u202fListings,\u202fProject Reviews\u202fand\u202fGuides.\u00a0
\nFarhan Shafie, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email: farhanshafie@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Tembusu Grand at Katong Opens for Preview, Private Assisted Living Site at Parry Avenue Draws Four Bids, and More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tembusu Grand at Katong Opens for Preview, Private Assisted Living Site at Parry Avenue Draws...<\/p>\n","protected":false},"author":1,"featured_media":135652,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-135651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/03\/68784216_s-Cropped.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zhV","jetpack-related-posts":[{"id":135962,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tembusu-grand-sells-53-of-units-on-launch-weekend-blossoms-by-the-park-preview-attracts-4000-people-and-more\/","url_meta":{"origin":135651,"position":0},"title":"Tembusu Grand Sells 53% of Units on Launch Weekend, Blossoms By The Park Preview Attracts 4,000 People, and More","date":"April 17, 2023","format":false,"excerpt":"\r Tembusu Grand Sells 53% of Units on Launch Weekend, Blossoms By The Park Preview Attracts 4,000 People, and More11 to 17 April 2023 City Developments Limited (CDL) and MCL Land\u2019s latest project, Tembusu Grand, sold 340 out of 638 units, or 53% of available units during its launch weekend.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/04\/private-home-hdb-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122310,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-residential-sites-at-lentor-hills-road-jalan-tembusu-released-for-sale\/","url_meta":{"origin":135651,"position":1},"title":"Three residential sites at Lentor Hills Road, Jalan Tembusu released for sale","date":"October 1, 2021","format":false,"excerpt":"\r Three residential sites at Lentor Hills Road, Jalan Tembusu released for saleThree residential sites located at Lentor Hills Road (Parcels A and B) and Jalan Tembusu have been released for sale under the second half 2021 Government Land Sales (GLS) programme, revealed the Urban Redevelopment Authority (URA) on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lentor-gls-1-oct.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":124342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/15-leasehold-gcbs-to-rise-at-former-caldecott-broadcast-centre-site-gloria-mansion-sold-for-70-3mil-and-more\/","url_meta":{"origin":135651,"position":2},"title":"15 leasehold GCBs to rise at former Caldecott Broadcast Centre site, Gloria Mansion sold for $70.3mil and more","date":"January 25, 2022","format":false,"excerpt":"\r 18th January to 24th January 2022 The former Caldecott Broadcast Centre site is set to become the largest cluster of leasehold Good Class Bungalows (GCBs) in Caldecott Hill as Perennial Holdings proposed to redevelop the site into 15 leasehold GCBs. Meanwhile, Gloria Mansion was sold en bloc for $70.3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/01\/Singapore-CBD-landscape.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":106582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-park-to-open-for-preview-this-weekend\/","url_meta":{"origin":135651,"position":3},"title":"Amber Park To Open For Preview This Weekend","date":"April 26, 2019","format":false,"excerpt":"\r Amber Park, a 529-unit residential development along Amber Road, will open for preview this Saturday (27 April). The freehold condo is being developed by City Developments Limited (CDL) along with joint venture partner Hong Realty (Private) Limited. Nestled on a 213,000 sq ft site, Amber Park comprises three 21-storey\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rose-12-7-sales-for-new-private-homes-resale-private-properties-up-in-2021-and-more\/","url_meta":{"origin":135651,"position":4},"title":"HDB resale prices rose 12.7%, sales for new private homes, resale private properties up in 2021, and more","date":"February 4, 2022","format":false,"excerpt":"\r 25th January to 31st January 2022 Despite the fast-growing prices, sales of new private homes and resale properties increased in 2021. The HDB resale market also saw transaction volumes increase 25.3% last year, while prices rose 12.7%, marking its highest annual growth since 2010. 1) Sales for new private\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/02\/Singapore-skyline-cbd.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":26037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-tembusu-condo-topped-out\/","url_meta":{"origin":135651,"position":5},"title":"The Tembusu condo topped out","date":"September 14, 2016","format":false,"excerpt":"\r There are fewer than 10 unsold units at The Tembusu, a freehold condo located near Kovan MRT station. (Photo: PropertyGuru) Property developer Wing Tai Holdings on Wednesday (14 September) topped out the construction of The Tembusu, a freehold condominium near Kovan MRT station. The development, built on the site\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135651"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=135651"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/135651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/135652"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=135651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=135651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=135651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}