Tag Archives: Lavender

Rare Commercial investment at District 7

A rare #01 shop along Jalan Sultan/North Bridge Road.

Property Details
Use: Shop  Size: 1997 sqft
Tenure: 99 years since 1970
Ceiling Height: 2.7m
Potential uses*: Financial institutions, F&B outlets, Retails Shops, Pubs, Furnishings and design showflats
(* subject to the approval of relevant authorities)

Sale price S$ 4,500,000 with potential 4% with existing lease.

Size: 1,997 sqft (185.53 sqm)  

Brief Description

This prime #01 shopspace is facing the main road of Jalan Sultan. With substantial human traffic during both office hours and off-peak times, it is an ideal location for F&B, finance, design and other high-value businesses.

With waterpoint installed in the premises, the potential is great for this shopspace. Ideal for business operators as well as investors.

TC shop details

Call David King @ 9477-2121 for more details.

Textile Centre

Textile Centre is a commercial property with residences, located at 200, Jalan Sultan in District 07. Textile Centre is primarily used for Retail and Office rental and sale. Textile Centre is within walking distance to Nicoll Highway MRT (CC5) and Lavender MRT (EW11). It is near to several bus stops along North Bridge Road, Jalan Sultan, Victoria Street and Beach Road.

Textile Centre is accessible via Jalan Sultan and North Bridge Road. Car parking options are available in the building as well as the neighbourhood (including Kampong Glam)

Amenities near Textile Centre
Textile Centre is within walking distance to the stretch of eateries and restaurants located at Jalan Sultan and the conservation hub of Kampong Glam.

Textile Centre is within reasonable distance to Shop N Save, Cold Storage, Sheng Siong and I-Tec Supermarkets. It is also close to The Concourse Shopping Mall, Golden Landmark Shopping Complex, Sim Lim Tower, Bugis Point, Fu Lu Shou Complex, Parco Bugis Junction and Albert Complex for an array of amenities such as grocery and retail shopping, banks and more.

The upcoming Sports Hub and the Kallang Riverside are among the new developments that will spice up the neighbourhood in the years to come.

Rochor River renewed

Rochor

RochorRivermap

RochorRivermap2
Th revamped canal is the latest addition to water agency PUB’s Active, Beautiful, Clean Waters programme. Six other projects under the programme are scheduled to open this year.

A stretch of the Rochor Canal – running from Sim Lim Tower to the Immigration and Checkpoints Authority Building – which has been transformed into a riverfront with rain gardens, community plazas and benches will be officially opened by Mayor of Central Singapore District Ms Denise Phua on Mar 8.

http://www.channelnewsasia.com/news/singapore/revamped-rochor-canal/1698632.html

http://www.pub.gov.sg/mpublications/Pages/PressReleases.aspx?ItemId=430

Keep the old in Lavender, create space for the new

As Singapore approaches its 50th year of nation-building and honours early contributors though initiatives such as the Pioneer Generation Package, it is apt to review the approach towards the “pioneer” building stock.

These buildings anchored the early communities where first-generation Singaporeans lived and built their lives.

Although there is a growing effort to conserve historic buildings – in particular, colonial-era monuments and institutions, as well as selected pre-independence shophouse neighbourhoods – modernist, international-style buildings built after 1965 are largely not yet considered architectural heritage in the same way.

Built in the early 1970s, the residential neighbourhood to the south-east of Lavender MRT station, with some of the oldest city-centre Housing Board (HDB) flats in Singapore, is home to an ageing building stock and ageing demographic. In fact, the HDB flats along Beach Road, across from the Golden Mile Complex, belong to the first batch of flats built in the northern part of Singapore’s central area.

These post-independence flats were built following the first “Sale of Sites” programme in 1967 by the then newly formed Urban Renewal Department of the HDB. These buildings, while significant in their representation of the optimism and idealism of nation-building following the founding of Singapore, could easily fall through the cracks in the nation’s conservation endeavours.

Demolition of ageing buildings, beyond displacing the original residents, also disintegrates the community – a kind of intangible “capital” which has taken time to build.

In post-independence neighbourhoods such as the Lavender area, a strategy for densification – instead of demolition and reconstruction – could introduce new programmes to an ageing area.

If executed with caring nuance, it would also cater to Singapore’s rapidly growing creative economy and attract a younger demographic to the centrally located area, given its excellent location next to historic Kampong Glam.

Indeed, alongside the original residents who moved into the neighbourhood more than 30 years ago, a handful of younger creative entrepreneurs, from architects to graphic designers, have recently found their atelier spaces and homes in Lavender.

International studies have shown that young creatives need to be located in well-connected central areas but they also need spaces with low rent. These central locations with affordable rent are often “hidden gems” that can harbour creative entrepreneurs, at least for the time being, in increasingly expensive cities where such locations are threatened precisely by the anomaly of their assets. The dilemma for global creative cities is how to keep these rents low, as demand and prices both increase in such centrally located spaces.

Since the publication of the book The Rise Of The Creative Class by American economist Richard Florida in 2002, the word “creative” has come to be the indicator for globalised, post-industrial, knowledge-based and service-dominated advanced economies. In fact, as Singapore moves into its 50th year next year, it seems “knowledge-based economy” and “creative economy” are oft-heard buzzwords describing the city-state’s aspirations for the next lap.

To foster Singapore’s emerging creative sector, often made up of young, cosmopolitan and small entrepreneurs who are starting out, ageing spaces that are in centrally located areas like Lavender should not only be allowed to remain intact but also be nurtured.

The lively ground-level commercial amenities in the vicinity, from local hardware shops to a famous pork noodles stall, have a cultural diversity that inspires the creatives and complements their milieu.

Besides, along with the growth of the creative industry in the Lavender area, the organic growth of the value-chain of amenities – such as cafes, bars, boutiques and bike shops – will undoubtedly increase the vibrancy of the neighbourhood.

In places like Hong Kong, small tongsui stalls (dessert stalls) survive in high-rent neighbourhoods around Hollywood Road because the municipality has implemented policies to protect them as an intangible heritage. The mix of local eateries next to small designer boutiques has definitely enhanced the cultural richness and social vibrancy of such neighbourhoods.

In Singapore, to satisfy the density requirements for the future development of the growing city, new buildings can be proposed, particularly on some of the spaces that are currently allotted for ground-level parking. These new buildings with ground-level access – which is crucial to the urban life of the neighbourhood – could accommodate additional programmes for living and working, as well as amenities and community activities.

A combination of the incremental upgrading of HDB flats and the strategic infilling of available spaces in the neighbourhood would provide the kind of work-life, atelier, exhibition and event spaces that would also “activate” the existing commercial ground spaces.

In addition to the reuse of existing buildings for new functions, and the addition of new buildings, a studied proposal for reorganising the ground to increase accessibility and connectivity at the scale of the neighbourhood would complement the densification strategy by enhancing pedestrian and open spaces.

Since the beginning of industrialisation, when cities took on the modern scale we know today, walking has been a source of inspiration and encounter in the city. Serendipitous encounters lead to new ideas. A city of pleasurable walking, together with more adaptable spaces, increases creative productivity.

The densification and reuse strategy proposes the reuse of the existing HDB buildings to accommodate a growing new demographic who would appreciate living and working in the convenience of the city centre, without the displacement of existing elderly residents. Importantly, the methodology for the concepts developed for a revitalised neighbourhood like Lavender could also be used for other neighbourhoods in the increasingly globalised and rapidly changing Singapore.

– See more at: http://www.straitstimes.com/news/opinion/more-opinion-stories/story/keep-the-old-lavender-create-space-the-new-20141121#sthash.n28oxdqY.dpuf

Eco village to set up in Kallang Park

A BIODIVERSITY pond to teach students about nature, walls painted with murals of the old Kampong Bugis and bins in the shape of frogs or bottles will soon spring up at Kallang Riverside Park.

Founder and chairman of Waterways Watch Society (WWS) Eugene Heng has dreamt up an ecovillage on a 400m stretch of the park to ignite a green spark in park users.

The environmental group is the first non-governmental organisation to sign an agreement with the National Parks Board (NParks) to organise and run activities in a park.

Mr Heng, 65, a retired bank executive, said he mooted the idea of the society taking on more responsibility for the area about five years ago.

WWS, which has 380 volunteers, including two full-timers, has been patrolling and picking up litter there for the past 16 years. It also does clean-up and environmental activities in other places.

Its latest project is in line with Prime Minister Lee Hsien Loong’s announcement last Saturday that the Government will work with partners who want to do more for the environment.

NParks director of parks Kartini Omar said with WWS’s experience in developing programmes and outreach, the partnership will provide more recreational opportunities for all to enjoy.

NParks has previously joined hands with other environmental NGOs such as WildSingapore and the Toddycats on activities like guided nature walks, bird watching and nature photography.

Mr Heng said he plans to build a biodiversity pond, which will help students learn more about plants and wildlife. In addition, his society hopes to team up with institutes of higher learning to raise awareness of environmental issues such as littering.

“We may also hold exhibitions on recycling, repaint walls or redesign some of the rubbish bins to make them more appealing,” he added.

“The park is very quiet on weekdays, so we hope to enhance it so that people will come here to enjoy nature.”

Experts called the collaboration a win-win situation.

Chairman of the Government Parliamentary Committee for National Development and Environment Lee Bee Wah noted: “Non-government groups can sometimes be better attuned to the public’s needs, and can… be free from red tape (compared with) a government agency.”

NParks puts up the infrastructure and lays out policies while WWS does the ground work of engaging people, she added.

NParks will continue to own and manage the park, but WWS can develop and maintain other facilities in the village, such as a portable stage for water sports events and signboards to support its programmes, subject to NParks’ approval.

People who want to organise public events in the village will also have to go through WWS first, although NParks has the final say.

Said Mr Heng: “Over the years, we have seen more volunteers who are passionate and have the relevant expertise. I believe we can tap on that.”

But he acknowledged that more sponsorships and full-time staff will be needed.

Mr Leong Kwok Peng, the Nature Society (Singapore) vice-president, added that the partnership is a big step forward for civil society here.

“It breaks new ground… Hopefully more such partnerships can be done in nature conservation and heritage,” he said.

– See more at: http://news.asiaone.com/news/singapore/eco-village-take-root-kallang-park#sthash.oxxHwknr.dpuf

Kampong Glam: A New Living Heritage

Kampong Glam is known as a cultural and historical zone. The area covers from Beach Road and Crawford Street (North Bridge Road) to Rochor and Selegie. It is also well known for its conservation area, especially for the conservation shophouses which are mostly used for commercial purposes.

Besides commercial, residential areas are also plentiful in the district. It has been observed that Kampong Glam’s investment outlook for the mid to long term will be boosted by plans to develop Beach Road as well as the Ophir-Rochor area into a district of mixed-use projects.

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 Getting around:

Kampong Glam is accessible by the Bugis and Lavender MRT stations on the East-West Line, as well as Nicoll Highway MRT on the Circle Line. The upcoming Jalan Besar MRT station on the Downtown Line is also nearby.

Shopping malls such as Bugis Junction and Bugis+ is also nearby. Conservation shophouses converted to commercial uses is also a common sight around Kampong Glam.

Boutique hotels such as The Sultan Hotel nestled right in the heart of culturally vibrant Kampong Glam. Additionally, the eclectic mix of uses for the premises in the area, including retail, F&B and the Aliwal Arts Centre, has brought a new lease of life to the area.

Textile Centre

TC shop details2

 

TC1

Address: 200, Jalan Sultan, 199018
Type of Development: Commercial (Office/Retail)
Tenure: 99 years
District: 07
Year of Completion: 1974

Textile Centre is primarily used for Office rental and sale. Textile Centre is close to Nicoll Highway MRT (CC5) and Lavender MRT (EW11). It is near to several bus stops located at Jalan Sultan, Sultan Plaza – 01239, Jalan Sultan, Opp Textile Centre – 01231, Beach Road, Jalan Sultan Complex – 01411 and Beach Road, Saint John Headquarter – 01419.

Amenities near Textile Centre

Textile Centre is also within walking distance to the stretch of eateries and restaurants located at Jalan Sultan. Residents can head down to the nearby Bugis Junction shopping mall for amenities such as supermarkets, restaurants, banks, cinema, boutique shops, and more.

Textile Centre is within reasonable distance to Shop N Save, Cold Storage, Sheng Siong and I-Tec Supermarkets. It is also close to The Concourse Shopping Mall, Golden Landmark Shopping Complex, Sim Lim Tower, Bugis Point, Fu Lu Shou Complex, Parco Bugis Junction and Albert Complex.

Textile Centre is accessible via Jalan Sultan and North Bridge Road.

A few feeder bus services are available near Textile Centre. It is also close to several schools, such as Singapore Management University(SMU), Nanyang Academy of Fine Arts(NAFA), and Laselle College of Fine Arts.

For vehicle owners, driving from Textile Centre to either the business hub or the buzzing Orchard Road shopping district takes just above 10 minutes, via North Bridge Road and Bencoolen Street respectively.

District 7’s new gate to the city

District 7 is getting  a lot of buzz recently. The impending launch of the City Gate mixed development in Jalan Sultan is drawing attention back to the Kampong Glam district.

Its charm as a historical and cultural zone may give it a head start over many areas but it is its location – on the edge of the city centre and close to retail and entertainment amenities – that is its strongest suit, property consultants said.

Plans to develop the surrounding Beach Road and Ophir-Rochor corridor into a district of mixed- use projects will underpin the investment outlook in the mid- to long term, they said.

“The location on the city fringe translates into easy convenience when commuting to the premier shopping belt of Orchard Road or the central business district,” said Ms Chia Siew Chuin, director for research and advisory at Colliers International.

The 30-storey City Gate is on the site of the former Keypoint, which was acquired by World Class Land for S$360 million from Frasers Commercial Trust in 2012.

The 99-year leasehold project in Beach Road will feature 311 flats – one- and two-bedroom units of 431 to 570 sq ft, two-bedroom and three-bedroom dual-key units of 678 to 1,066 sq ft and one- to four-bedroom penthouses that range from 484 to 1,819 sq ft.

It will also have 188 commercial units, ranging from 280 to 3,735 sq ft.

Residential units are expected to go for S$1,900 to S$2,000 per sq ft (psf) and commercial units could sell for S$4,000 to S$5,000 psf, marketing materials show.

This makes it cheaper than the mixed development DUO in Ophir Road, which was launched by developer M+S at an average selling price of S$2,000 psf last November. DUO is in the city centre, unlike City Gate, noted R’ST Research director Ong Kah Seng.

Two 829 sq ft units at the 360-unit Concourse Skyline, developed by Hong Fok Land, went for S$1,810 to S$2,075 psf in the fourth quarter last year. But 101 units remain unsold since the completed project was launched at about S$1,590 psf in 2008.

Ms Christine Li, research head at OrangeTee, said the new supply of homes from City Gate could place pressure on the developer to lower prices at Concourse Skyline to shift units, especially with the cooling measures in place.

Older developments in the area include the 132-unit Textile Centre, where four units have sold at median prices ranging from S$911 to S$926 psf over the past year.

At The Plaza – a strata-titled 32-storey mixed-use building owned by UOL Group – two units changed hands at a median price of S$1,257 psf a year ago.

In this year’s first quarter, 13 leases were signed at The Plaza at a median rent of S$4.06 psf, said Mr Ong. He felt that owners of units in the new developments can expect strong rental demand, saying “this is a convenient location”.

Highly accessible

The location on the city fringe translates into easy convenience when commuting to the premier shopping belt of Orchard Road or the central business district. – Ms Chia Siew Chuin, of Colliers International

– See more at: http://business.asiaone.com/news/unlocking-the-gate-the-citys-charms#sthash.IQa1Tewc.dpuf