Category Archives: West Coast/Pasir Panjang

District 5

RESIDENTIAL PROPERTIES FOR RENT (2 – 4 BEDROOMS @ ORCHARD, MARINABAY, WESTCOAST)

 

Couple of private condos for rent now. For more information, kindly contact David Teo, + 65 97442121.

SPRING GROVE (Orchard)

Location: 53A GRANGE ROAD

springgrove

Property 1

Description : 4 bedrooms, fully renovated

Total Area : 1744 sqft

Available for Rent : February 2015

Asking: $7,800/m (partially furnished). Fully furnished can be negotiated

Property 2

Description : 3 bedrooms, fully renovated

Total Area : 1,389 sqft

Available for Rent : February 2015

Asking: S$6,800/m (partially furnished)

 

THE SAIL (Marina Bay)

Location: 2 MARINA BOULEVARD

the sail

Property 1

Description : 3+1 bedrooms, partial furnished, full panoramic bay view

Total Area : 2,200 sqft

Available for Rent : April 2015

Asking: $12,000/m

 

Property 2

Description : 2 bedrooms, partial furnished, full panoramic bay view

Total Area : 900 sqft

Available for Rent : April 2015

Asking: $6,800/m

 

THE VISION (West Coast)

Location: 81 WEST COAST CRESCENT

TheVision

Property 1

Description : 3 Bedrooms, high floor, panoramic view, corner unit

Total Area : 1,303sqft

Available for Rent : Immediate

Asking: $4,900/m

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Singapore Startup incubator sets up US hub

The tech community around the world sat up and took notice when The Economist magazine dubbed Block 71, Ayer Rajah Crescent last year as the “world’s most tightly packed entrepreneurial ecosystem”.

Even as Block 71 – run by JTC Corporation and housing more than 200 high-tech start-ups and several incubators – is being expanded, it is also going overseas.

A slice of it is being taken to the South of Market district in San Francisco, California. The district, often just called Soma, which is in the city, is fast becoming another hotbed for start-up activity in the Bay Area, after Silicon Valley.

The National University of Singapore’s (NUS’) entrepreneurial arm and the investment arms of SingTel and Infocomm Development Authority (IDA) – which are involved in Block 71 – have set up an incubation space to enable Singapore student start-ups and other companies which they support to access the market in the United States.

The 5,000 sq ft facility, called Block 71 San Francisco, which started operating this year, provides co-working space, brainstorming rooms and a gathering area for community events.

The three groups will organise community events for Singapore- and US-based tech companies, professionals, students and investors to network and explore business opportunities. NUS Enterprise, Infocomm Investments and SingTel Innov8 will also have offices within the facility to provide backing and support to the companies they have invested in.

Dr Lily Chan, chief executive officer of NUS Enterprise, said: “We are happy to be partnering two of Singapore’s iconic investment entities to extend Singapore’s entrepreneurship community into the San Francisco Bay Area.”

The setting up of Block 71 strengthens the role of Infocomm Investments as an ecosystem builder to help local innovation-driven tech start-ups scale up fast, said its head, Dr Alex Lin.

He added: “There is no doubt that the Bay Area houses some of the best tech talents and communities, and we want to provide the collaborative space for our local tech start-ups to churn big ideas and push the boundaries further.”

Mr Edgar Hardless, chief executive of SingTel Innov8, noted a steady rise in the number of US-based companies and venture funds seeking access to the South-east Asian market. Likewise, start-ups and venture funds in South-east Asia are looking towards Silicon Valley.

Mr Hardless said: “Beyond funding, SingTel Innov8’s mission is to nurture and develop a vibrant innovation ecosystem in the region. Block 71 San Francisco will help create synergies for the greater ecosystem.”

Indonesian-born serial entrepreneur Himawan Gunadhi, who is a consulting professor for NUS’ overseas college programme to nurture entrepreneurs, said that for some start-ups, the US, especially Silicon Valley, is the place to be.

“Very few places in the world have the concentration of talent that Silicon Valley has,” said Dr Gunadhi, who is based in the area.

Tech start-ups from Singapore are excited by this new initiative. One company, NUS student start-up Patsnap, will be operating temporarily from Block 71 in San Francisco at the end of this month.

NUS biomedical engineering graduate Jeffrey Tiong, 31, who founded the patent search and analysis firm, said he and his staff plan to hot-desk at the new facility while they search for a permanent office to base their US sales and marketing team.

He said: “The establishment of Block 71 comes at an ideal time for Patsnap as we are now looking at the US market, specifically for clients, partners and investors. We expanded to China with the help of the NUS incubator in Suzhou, now we hope to access the US market, again with the university’s help.

“I am excited. The US is a big market and San Francisco and Silicon Valley are where the action is.”

– See more at: http://news.asiaone.com/news/singapore/spore-start-incubator-sets-us-hub#sthash.jQaEqa62.dpuf

Soilbuild Reit takes JTC to court over additional land rent

SB Reit Management, the manager of Soilbuild Business Space Reit, will be commencing proceedings in the High Court of Singapore regarding additional land rent payable to JTC corporation, which amounts to some S$3.5 million per annum, it announced on Friday.

The property, Solaris, was acquired by Soilbuild Reit on Aug 16, 2013, and the rent payable to JTC comprised of land rent of S$405.10 per square metre per annum and subterranean rent of S$23.48 psm per annum, said Soilbuild.

In April 2014, JTC wrote to DBS Trustee Limited, the trustee of Soilbuild Reit, to inform of an error on the rent charged and said that the correct rent should be S$855 psm per annum for land rent and S$70 psm per annum for the subterranean rent.

Consequently, JTC is seeking to adopt the revised rents and claim back payment to make up for the difference between the revised rates and the applicable rates with effect from the completion date.

Based on that difference, the additional rent would be approximately S$3.5 million per annum (excluding goods and services tax), said Soilbuild.

“The manager does not agree with the imposition of the revised rates by JTC as it has relied on JTC’s determination on the applicable rates and proceeded to complete the acquisition of the property.

“After numerous attempts to resolve the issue with JTC, the manager has decided to seek a determination of this matter in the courts to resolve this in an impartial manner and to safeguard the interests of its unitholders, Soilbuild said.

http://www.businesstimes.com.sg/companies-markets/soilbuild-reit-manager-to-take-dispute-with-jtc-over-rent-to-court

New Dawn for Sunset Bay with a new Master Tenant

There may soon be a new shine to Sunset Way.

A new master tenant has taken over nine Housing Board shops in Sunset Way and the challenge of drawing a crowd to the area earmarked as a dining destination.

On Dec 1, Aquilyne Capital took over as master tenant for three years from Circles International Solutions, which had been managing the area since its million-dollar revamp in 2007. Circles did not renew its contract.

The area was touted as the next Holland Village back then, but has failed to live up to its tag. Four of the nine shops at Block 106 Clementi Street 12, all set aside for use as eateries, have remained closed for about a year.

Instead of Holland Village, Aquilyne Capital director Derrick Kuek, 56, now wants to make it “the next Dempsey”. He wants his eateries to be “destination brands” like Dempsey Hill.

“For example, today I say, ‘Let’s go somewhere for coffee.’ You may just say, ‘Go to Dempsey’ without having a specific place in mind.”

Mr Kuek, former chief operating officer of ABR Holdings, which has Swensen’s as one of its brands, believes he can pull this off with branding, signage, and the right tenant mix.

Aquilyne used to run Manhattan Fish Market at Junction 8 and has franchised Sin Kee Famous Chicken Rice. It is now discussing terms with the five existing tenants – Buttercake n Cream, Smokey’s BBQ, Bai Li Xiang, Rocky’s Pizza and Megumi Japanese Restaurant – whom Mr Kuek said are likely to stay.

With four shops to lease out, Mr Kuek wants to create variety in the cuisine, perhaps add Chinese, Indian or Thai food and something for the tea time crowd. “Ideally a couple who already have a reputation,” he said.

He also wants tenants who can open throughout the day or even 24 hours. Current eateries open mostly for lunch and dinner.

Mr Kuek is also thinking of naming the cluster of shops to distinguish it from the rest of Sunset Way – which includes other HDB blocks, Clementi Arcade mall, and private homes. “Perhaps Sunset Lane?” he said, referring to the road just before Sunset Way.

Sunset Lane leads to a little-known multistorey carpark linked to Block 106. Mr Kuek hopes to add signage just outside Sunset Lane to draw diners.

As it is costly and takes time to make drastic physical changes to the place given the permits needed, Mr Kuek said minor works will do. He has added skylights to the canopy of the eateries’ alfresco dining area and painted parts of it white to brighten the space.

As for clientele, he wants to get students in the day, office workers for lunch, and residents from the west for dinner.

Mr Jeremy Fox, 40, co-owner of Smokey’s BBQ, said he intends to stay and is excited by the new plans. “It’s nice to have someone who is going to do a bit of marketing, branding and cleaning. This whole place has huge potential.”

http://business.asiaone.com/news/new-tenant-new-dawn-sunset-way

Viva Vista – New Residence for lease in Pasir Panjang

Viva Vista, the latest project to be TOP in District 5.
Highest Floor, unblocked! Mins to town, NUS, Japanese school, West Coast and nearby amenities. Live in the quiet enclave of Pasir Panjang and West Coast area. Seafront stay in the west.
2 bedrooms with high ceiling. Just TOPed.
Partially/Fully Furnished options avail. Available now. Call King at 94772121.
S$ 3,000 / month  Guide Price   |  
S$ 5.69 psf   |  
527 sqft (48.96 sqm)   |  
Fully Furnished    |  2 Beds   |  1 baths
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For Rent – Varsity Park Condominium (D05)

Rental at S$ 6,000 / month 

Size: 2,040 sqft (189.52 sqm)   |  Fully Furnished    |  3 Beds   |  3 baths

Large and Spacious Penthouse in Varsity Park. Greenery and pool view with a large Master bedroom this is ideal for families working in the west. Mins to NUS, Japanese School, Pasir Panjang, Science Parks and Biopolis area. Avail in Nov. Call David @ 94772121 to find out more.