CEO S MESSAGE 01 / INVESTMENT ADVISORY 02 / BUSINESS SPACE & RETAIL 03 / RESIDENTIAL AGENCY 04 / AUCTION & SALES 05 / RESEARCH & CONSULTING

Transcription

1 Investment Advisory / Business Space & Retail / Residential Agency / Auction & Sales Valuation Advisory / Statutory Valuation & Property Tax Advisory / Research & Consulting Property Management / Hospitality Management ISSUE 49 / JULY 2018

2 CONTENTS CEO S MESSAGE 01 / INVESTMENT ADVISORY Toho Mansion, Makeway View, Asia Gardens, Peak Court, Chinatown Plaza Page / RESIDENTIAL AGENCY Marina One Residences, Nim Collection, Parksuites, Wallich Residence Page / RESEARCH & CONSULTING Work, Live, Play Page / HOSPITALITY MANAGEMENT Treetops wins prestigious accolade Page / CORPORATE EVENTS Page / BUSINESS SPACE & RETAIL Deliveroo, 9 Changi South, JTC Industrial Spaces Page / AUCTION & SALES I.Biz Centre, Berth by the Cove, 1M Hillcrest, 25 Pasir Ris, 122 Sin Ming, 450 Serangoon Page / PROPERTY MANAGEMENT New Futura the future of thoughtful luxury Page / REGIONAL MALAYSIA & THAILAND Page CEO S MESSAGE EXCITING PLANS AHEAD Ong Choon Fah, CEO of Edmund & Tie Company One of the key strengths of Edmund Tie & Company is our ability to spot trends. Our Investment Advisory team anticipated the trend for collective sales (p. 3) that started in the second half of We also saw the demand for sharing and flexibility of space, and we have provided leasing service to Deliveroo Editions, a concept which houses multiple restaurants at off-site kitchens (p. 7), and consultancy to integrated development, Marina One, (p. 13) during its conceptualisation. In Malaysia and Thailand, we integrated trends such as a sharing economy, needs of millennials to be collaborative and community malls, in our retail offerings e.g. Horizon Village Outlets in Selangor, Malaysia (p. 30). Sustainability one of the greatest concerns in the world right now, is also high on our list. Representing us is Treetops Executive Residences it has clinched international awards every year in prestige and sustainability (p. 27). We decided to extend this green initiative to our colleagues and participated in our first series of Earth Day movement to increase awareness among ourselves (p. 34). I would like to take this opportunity to congratulate Khun Pom for her promotion to Chief Operating Officer of our Thailand office (p. 33), in addition to her current appointment as Head of Retail. I am confident she will drive our business in Thailand to greater heights. This is another instance where we promote women leadership and inclusivity in our company half of the senior management are made up of women. It is an exciting time to be at Edmund Tie & Company, and I could not be prouder of our team as we embark on a new chapter of our journey with our clients! 1 2

3 01 P R O P E RT Y FOC U S 0 1 / IN VESTM EN T AD VISORY INVESTMENT ADVISORY TOHO MANSION SOLD FOR $ M Edmund Tie & Company brokered the sale of Toho Mansion at Holland Road to KBD Ventures at $ m, reflecting about $1,805 psf ppr. The tender exercise was highly competitive, and a total of nine bids were received when the tender closed. Sitting on elevated grounds with views of lush greenery, the property has a site area of 4,427.7 sq m or 47,659 sq ft and is zoned for Residential use with a gross plot ratio of 1.4 under Master Plan The property also enjoys a high development baseline and no development charge is payable to redevelop the site at plot ratio 1.4 and up to 10 per cent bonus balcony area. Located directly across the street is Holland Village and Chip Bee Gardens which host a wide array of amenities including trendy cafes and restaurants, local eateries, banks, a 24-hour supermarket and clinics. Other key landmarks in the area include Holland Village Market & Food Centre, Holland Road Shopping Centre and Raffles Holland V. Urban Redevelopment Authority s recent tender award of the Holland Village site under the Government Land Sales programme for a mixed-use and pedestrianoriented development will also add to the appeal and vibrancy of the locale. Swee Shou Fern, senior director of investment advisory commented, This is a very attractive site that stands out from the crowd. Its many positive attributes include the coveted freehold tenure, single ownership, prestigious Holland Road address, high development baseline and the convenience of Holland Village, Chip Bee Gardens and the MRT station located right at its doorstep. ASIA GARDENS SOLD EN BLOC FOR $343M Toho Mansion at Holland Road Freehold Asia Gardens has been sold by Edmund Tie & Company for $343m via collective sale to Sustained Landled consortium including Ho Lee Group and other partners. Located along Everton Road, Asia Gardens has a land area of approximately 6,694.5 sq m or 72,059 sq ft and can potentially be redeveloped into a 36-storey residential condominium project with approximately 264 apartment units, subject to authorities approvals. Completed in the late 1980s, Asia Gardens is a 23-storey development with 80 apartment units and four penthouses. Situated in District 2, the property is well-positioned in a central location, yet quietly tucked away in a serene residential neighbourhood. The CBD is just at its doorstep and popular areas such as Marina Bay, Clarke Quay, Orchard Road and Harbourfront are all within a short drive away. A myriad of amenities and lifestyle options are also within walking distance at the nearby Everton Park, Tanjong Pagar and Bukit Pasoh precincts. Asia Gardens at Everton Road 3 Senior director of investment advisory Swee Shou Fern commented, Asia Gardens represents probably the last freehold residential redevelopment site in the precinct. It is ideally oriented with north-south facing and units in the new development will be able to enjoy unobstructed panoramic views of the city skyline and sea beyond the Tanjong Pagar port area. The sale price of $343m reflects a land rate of $1,722 psf ppr. Due to the high development baseline, there is no development charge payable, which translates to $1,565 psf ppr including the 10 per cent bonus balcony area. At this sale price, owners are expected to receive gross sale proceeds of between $3.476m to $7.73m per unit. MAKEWAY VIEW SOLD EN BLOC FOR $168M Edmund Tie & Company successfully sold freehold Makeway View to Bukit Sembawang Estates Limited via a collective sale for $168m. Makeway View has a land area of approximately 3,863.1 sq m or 41,582 sq ft. It is zoned for Residential use at gross plot ratio of 2.8 under the Master Plan Subject to relevant approvals from the authorities, the site can be developed into a high-rise apartment block of about 21 to 22 storeys with around 154 units assuming an average apartment size of 70 sq m. The property boasts a very strategic central location within the prestigious and well sought-after District 9. It is located across the road from Newton Food Centre and within one kilometre of Anglo-Chinese School (Barker Road), Anglo-Chinese School (Junior) and St Joseph Institution Junior. Newton MRT interchange serving the North-South Line and Downtown Line is about 400 metres from the property. Senior director of investment advisory Swee Shou Fern commented, Units in the new development will potentially enjoy 180-degree unobstructed panoramic views of the city and lush greenery in its surroundings. The sale price of $168m reflects a land rate of $1,626 psf ppr, including an estimated development charge payable of about $21.26m. At this sale price, the owners are expected to receive gross sale proceeds of between $3.86m to $10.74m per unit. Completed in the late 1980s, Makeway View is a 10-storey development with 28 apartment units and four penthouses. Makeway View at Makeway Avenue 4

4 0 1 / IN VESTM EN T AD VISORY Senior director for investment advisory Tan Chun Ming commented: After coming on board in January, we have done our best to extract the best value for the owners and to give certainty to potential purchasers. Peak Court is ideally oriented with north-south facing with excellent views. Furthermore, the one-kilometre proximity to AngloChinese School (Primary), CHIJ Primary (Toa Payoh) and St Joseph s Institution Junior would be a great attraction for future purchasers and investors. CHINATOWN PLAZA SOLD EN BLOC FOR $260M Edmund Tie & Company brokered the collective sale of freehold Chinatown Plaza for $260m to a property unit affiliated to the RGE (Royal Golden Eagle) Group. It manages a group of resource-based manufacturing companies with global operations and assets exceeding US$18bn. Peak Court at Thomson Road PEAK COURT AT THOMSON ROAD SOLD EN BLOC FOR $118.88M As the sole marketing agent for Peak Court, Edmund Tie & Company has successfully brokered the freehold site via collective sale to a joint venture between Tuan Sing Holdings and Rich Capital. The sale price of $118.88m reflects a land rate of $1,558 psf ppr. The subject property has a land area of approximately 5,330.6 sq m or 57,378 sq ft and is zoned for Residential use at gross plot ratio of 1.4 under the URA Master Plan The site is ideal for redevelopment into an upscale resort-like boutique condominium project with about 106 units. It also overlooks a two-storey landed enclave, which provides unobstructed panoramic views of the surrounding area. Peak Court enjoys a strategic central location within District 11 yet is nestled away in a serene part of Thomson Road. With the Novena MRT station a short distance away, the property also enjoys excellent connectivity to other parts of Singapore via major roads and expressways such as the main Thomson Road, Balestier Road and the Pan Island Expressway (PIE). The CBD and Orchard Road shopping belt is just a short drive away, while prominent educational institutions such as Anglo-Chinese School (Primary), CHIJ Primary Located along Craig Road, Chinatown Plaza has a land area of approximately 3,154.3 sq m or 33,953 sq ft and is zoned for Commercial and Residential use under Master Plan The site has the potential to be redeveloped up to its existing Gross Floor Area (GFA) of 12, sq m, approximately 135,742 sq ft, exceeding the permissible plot ratio of 3.5 as indicated in Master Plan Outline Planning Permission for Ser viced Apar tment with Commercial use has also been granted by the Urban Redevelopment Authority (URA). Boasting a commanding dual road frontage at the junction of Craig Road and Neil Road with an unobstructed view of the city skyline, the property enjoys a strategic location in one of Singapore s trendiest neighbourhoods. The area is home to a diverse range of stylish restaurants and cafés including Xi Yan Private Dining, Potato Head Folk, Burnt Ends, Man Man Unagi Restaurant, Esquina, Luxe Sydney, Lokal, among others. Chinatown Plaza enjoys excellent connectivity to the rest of Singapore, with three MRT stations (Tanjong Pagar, Maxwell and Outram Park) operating three MRT lines within a 400-metre radius. The property is also well-served by the Central Expressway (CTE), Cantonment Road, New Bridge Road and Eu Tong Sen Street. It is only a five-minute drive to Raffles Place and a 10-minute drive to Orchard Road. Senior director of investment advisory Swee Shou Fern commented: Such freehold mixed-use sites within the city are rarely available. Given its city centre location in a popular and vibrant enclave within close proximity to MRT stations, the property is perfectly situated for use as serviced apartment. This development option will allow the purchaser to hold the invaluable freehold property for long-term investment. The sale price of $260m reflects a land rate of $1,915 psf ppr. At this sale price, the apartment owners are expected to receive gross sale proceeds of between $3.44m to $4.79m per unit and shop owners are expected to receive gross sale proceeds of between $1.64m to $10.62m per unit. For enquiries, please contact Edmund Tie & Company s Investment Advisory team at or mail.sg@etcsea.com (Toa Payoh) and St Joseph s Institution Junior are located within a kilometre. A wide selection of amenities and lifestyle options are available at the nearby Novena Square, Square 2, United Square, Zhongshan Mall and the vibrant Balestier precinct. CEO of Tuan Sing Holdings William Liem commented: We are happy with the team s success in clinching the site in this competitive bidding environment. This acquisition is in line with Tuan Sing s focus on offering quality homes in central locations and is a good addition to our land bank. The site s strategic location and proximity to lifestyle and premium medical facilities such as Thomson Medical Centre, the future Health City Novena, Novena Square, United Square and the excellent transport connectivity, opens up various exciting redevelopment opportunities. I see great potential for this site to be redeveloped into an attractive space covering all ages for urban living. We are happy that all the owners are united in the collective sale and with 100 per cent owners consent, we have therefore achieved a good result, said Hamish Macalister, chairman of Peak Court s collective sale committee (CSC). Norman Ho from Rajah & Tann Singapore, the acting solicitor for the collective sale of Peak Court said: The bids we saw for this property were competitive. The owners of Peak Court were very decisive, and we are glad the buyers were also equally forthcoming. Chinatown Plaza at Craig Road 5 6

5 02 BUSINESS SPACE & RETAIL DELIVEROO EDITIONS SECURES SECOND SITE AT CT HUB 2 Deliveroo, an online food delivery platform, has launched its second Deliveroo Editions site at CT Hub 2, Lavender. Singapore is the first market outside London to offer Deliveroo Editions, a concept which houses multiple restaurants at off-site kitchens allowing them to serve new areas. With increasing demand from the first Deliveroo Editions site at Katong, they are looking to open more of such facilities island-wide to expand its reach to customers. People will get to enjoy food from restaurants outside their neighborhood at the comfort of their own homes. Deliveroo required a new site that was attractively priced and within a central location surrounded by a good mix of residential and commercial developments. The search was time sensitive as Deliveroo needed to secure the new premises in less than six months. Additionally, the site must meet Deliveroo s stringent technical requirements. The assignment was made even more challenging as there were very few options that could fulfil Deliveroo s expectations. 7 Deliveroo Editions at CT Hub 2 8

6 PROPERTY FOCUS 02 / BUSINESS SPACE & RETAIL I enjoy working with Velinda (from the Business Space & Retail team) who is proactive and consistently providing timely and valuable advice. It has been an awesome experience and we are very satisfied with the services rendered for this exercise. HEAD OF DELIVEROO EDITIONS, ASHWIN PURUSHOTTAM, ON EDMUND & TIE COMPANY Deliveroo Editions at CT Hub 2 Edmund Tie & Company (ET&Co) expeditiously explored all options and worked very closely with Deliveroo in carrying out detailed due diligence for the shortlisted options. With extensive market knowledge, speed and effectiveness in site-seeking and negotiations, ET&Co s Business Space & Retail team assisted Deliveroo in concluding their search at CT Hub 2. Head of Deliveroo Editions, Ashwin Purushottam, commented: I enjoy working with Velinda (from the Business Space & Retail team) who is proactive and consistently providing timely and valuable advice. It has been an awesome experience and we are very satisfied with the services rendered for this exercise. Deliveroo Editions is now open at CT Hub 2. A click-and-collect service has also been introduced at this site for customers to simply order food via the app and self-collect their food on-site. For more details, please visit Interior of Deliveroo Editions at CT Hub

7 P R O P E RT Y FOC U S 0 2 / BU SIN ESS SPAC E & R ETAIL 9 CHANGI SOUTH STREET 1 JTC INDUSTRIAL SPACES 9 Changi South Street 1 is a double storey D8 series standard factory developed in the late 1990s. Sitting on a site of approximately 56,339 sq ft with a total Gross Floor Area (GFA) of 33,884 sq ft, the building has a remaining tenure of 39 years. Edmund Tie & Company has been appointed as joint marketing agent for four of JTC s industrial spaces: JTC Tuas, JTC Gul, JTC Tuas Biomedical Park and JTC Tampines North. FOR SALE Strategically located next to Changi Business Park and within walking distance to Changi City Point and Expo, the subject property is well supported by a wide range of food and retail options. It is also easily accessible via public transport and well connected to two major expressways: East Coast Parkway (ECP) and Pan Island Expressway (PIE). Zoned under Business 2 in the Urban Redevelopment Authority s (URA) Master Plan 2014, the building is suitable for production and manufacturing activities. It has obtained approval for dormitory use for up to 19 workers. Edmund Tie & Company is the appointed sole marketing agent. FOR LEASE Sited on a 6.4-ha of land at 14 Tuas Avenue and a 5-minute walk to the Gul Circle MRT station, JTC Tuas is a first-of-its-kind integrated industrial development comprising a multi-user facility, amenity centre, heavy vehicle parking and workers dormitory. Totaling 128,000 sq m of industrial space, the development offers various factory types, from land-based to ramp-up and flatted factories, which caters to both MNCs and SMEs from industries such as oil and gas, precision engineering and general manufacturing. JTC Gul is a cluster of land-based factories located at the junction of Benoi Road and Gul Circle. This development offers industrialists the flexibility to integrate operations across three floors, designed with heavy structural provisions and mechanical installations to enable seamless movement of goods. Comprising of industrial units, laboratories and shared meeting and training facilities, JTC Tuas Biomedical. Park is an integrated development located at Tuas South. It is suitable for companies requiring ready-built space to set up manufacturing operations and support services to the pharma and chemical industries. The development is supported by amenities such as an air-conditioned food court, clinic and adjoining petrol kiosk with a convenience shop. 9 Changi South Street 1 JTC Space at Gul Located along Tampines Avenue 10, JTC Tampines North integrates both land-based and high-rise factories for heavier manufacturing and precision engineering activities. The building has an underground carpark and is only a 5-minute drive to TPE/KPE and IKEA/Giant Hypermart/ Courts megastore. JTC is the lead government agency responsible for the development of industrial infrastructure to support and catalyse the growth of industries and enterprises in Singapore. JTC Space at Tampines North JTC Space at Tuas 11 For enquiries, please contact Edmund Tie & Company s Business Space & Retail team at or mail.sg@etcsea.com JTC Space at Tuas Biomedical Park 12

8 03 P R O P E RT Y FOC U S 0 3 / R ESID EN TIAL AGEN C Y RESIDENTIAL AGENCY Marina One Residences MARINA ONE CITY IN A GARDEN Marina One is an integrated development like no other. The development features luxury residences, prime Grade-A office space, and unique retail offerings set in 65,000 sq ft of lush greenery. Designed by world leader in sustainable Supergreen architecture, Christoph Ingenhoven, this premier development in Marina Bay is a collaboration between Malaysia s Khazanah and Singapore s Temasek, developed by M+S and managed by Mapletree and UEM sunrise. Marina One s location is unrivalled. It is situated in the heart of the new financial district in Marina Bay, next to the Marina Bay MRT station, with connections to four MRT lines via underground pedestrian networks and major expressways. Residents can call Marina Bay Sands, Gardens by the Bay and Esplanade Theatres, their neighbours. Centrally located, it is surrounded by a plethora of the city s most prominent F&B and entertainment outlets. The project is also bordered by two parks, Marina Station Square and Central Linear Park. This inspires the three nature schemes Green Valley on Levels 1, 2 and 3, Cloud Forest on Levels 4 and 15 and Mountain Top at the rooftop level. They simulate Asian terraces, rainforests and a montane forest respectively. Setting a regional benchmark for sustainability, Marina One is LEED Platinum pre-certified and BCA Green Mark Platinum certified. Some of its supergreen features include an optimised building orientation and the louvres façade to reduce heat gain and glare, creating a comfortable climatic environment within the project. Architectural lovers behold the iconic louvres design for Marina One by Ingenhoven Architects and Architects 61 unifies the four land parcels to define the city grid on its outer façade while the Green Heart binds its towers together. The design was unveiled in 2013 in a joint ceremony by the prime ministers of Malaysia and Singapore, demonstrating planning flexibility and sustainability. A highly coveted luxury residential address, Marina One Residences is ideal for expatriates or executives who want to work, live and play in the CBD. The development is designed to be an oasis in the centre of all the action, as a space for rejuvenation. Some of their amenities include a 50-metre lap pool, jacuzzi, aqua gym, sauna, steam room, wellness sanctuary and a 200 sq m gym. To entertain, there are private dining rooms, residents clubhouse with concierge counter, private lounge, teppanyaki terraces, BBQ terraces and a party zone. As an added touch to the private oasis, there are also relaxation cabanas and a majestic waterfall feature. 1/2/3/4-bedroom units and penthouses are available with panoramic sea views, Marina Bay Sands, Gardens by the Bay and the greenery in Marina One. Of which, 2/3/4-bedroom units and the penthouses enjoy private lift access. The units layouts are spacious and function with well-crafted interiors and imported appliances and fittings from Miele, Poggenpohl and Villeroy & Boch. All of these units are ready for occupation. The Urban Redevelopment Authority (URA) has meticulously planned and developed the Marina Bay area to anchor Singapore as a leading global business and financial hub in Asia. As the centrepiece of Singapore s urban transformation and part of the URA s grand vision, Marina Bay will continue to grow and further extend the city towards Marina South and Greater Southern Waterfront to create a new Waterfront City. Marina One Residences 13 14

9 PROPERTY FOCUS 03 / RESIDENTIAL AGENCY Artist s impression of Nim Collection in Seletar Hills 15 16

10 P R O P E RT Y FOC U S 0 3 / R ESID EN TIAL AGEN C Y travelling time to the city centre. Nim Collection is located near major transport hubs such as Yio Chu Kang, Ang Mo Kio, Buangkok (bus interchange is in planning) and Hougang MRT stations and bus interchanges. The development is surrounded by a plethora of lifestyle amenities, medical and educational facilities and shopping centres such as Greenwich V, Hougang 1 Mall, Hougang Green Shopping Mall and Hougang Shopping Mall. Educational institutes such as the Institute of Technical Education (ITE) College Central, Nanyang Polytechnic, Anderson Secondary School, Rosyth School, Hougang Secondary School, Xinmin Secondary School, Bowen Secondary School and Serangoon Garden Secondary School are also in the vicinity. Nim Collection stands to enjoy all the benefits of the upcoming Seletar Regional Centre, the fourth in Singapore. It is intended to serve as the major business hub for the north and northeast of Singapore, creating employment opportunities and bringing workplaces closer to residents. The upcoming Phase 3 of the Seletar Aerospace Park also promises to create more than 10,000 jobs and expand its current aerospace communities, including international firms such as Eurocopter, Rolls Royce Group and ST Aerospace. The Oval, the epicentre of the Seletar Aerospace Park community, has transformed the black and white bungalows that once housed the British Royal Air Force into a buzzing dining scene with cafés and restaurants. Artist s Impression of Nim Collection SOHO LIVING BY THE PARK NEW GENERATION OF LANDED HOMES HERALDING AN EXCITING NEW CHAPTER IN SELETAR HILLS Space. Warmth. Light. Nim Collection is the embodiment of these three qualities. With its signature angular design, creative spatial design and harmony with the outdoors, occupants will enjoy coming home to a truly contemporary home. Nestled amid the tranquil Seletar estate, Nim Collection is poised for privacy and exclusivity. With plenty of space, residents will have ample room for community activities. This is one of the first developments to explore the new landed housing guidelines introduced by the Urban Redevelopment Authority (URA) that allows for greater flexibility in design and configuration of interior space. Mok Wei Wei, the architect for Nim Collection and managing director of W Architects, was honoured with the President s Design Award for his many contributions in the architectural design scene, including the restoration of Victoria Theatre and Concert Hall and Lee Kong Chian Natural History Museum. Mok designed Nim Collection to fit both form and functionality, allowing a canvas for homeowners to reflect their sensibilities and lifestyle. Through varying spatial heights and volumes, multiple views, connections to the outdoors on different levels and the intelligent embrace of natural light and air, residents will enjoy a thoughtful 17 PARKSUITES balance of intimate and communal spaces. These add to warmth, light and functional space, catering to the multigenerations living under one roof. Situated at the city fringe, Nim Collection comprises 37 inter-terraces, eight corner terraces and two semi-detached houses. This is but the first phase of a 98-unit development by Bukit Sembawang and is more than 50 per cent sold. Each 5-bedroom home comes with a yard, a good sized, fully furnished kitchen with quality appliances, two-lot parking and ensuite bathrooms. A private lift will serve each unit, stopping at the first floor, first floor mezzanine, second and third floors. The development has a 100-metre wide linear park that stretches along the front of the estate and joins with the nearby Ang Mo Kio Ave 5 Park Connector a scenic walking and cycling route that extends northeast towards Punggol Park and Waterway. Nim Collection can be easily accessed by the Central Expressway (CTE) and the upcoming North-South Corridor. It is Singapore s first integrated transport corridor featuring continuous bus lanes and cycling trunk routes, designed to better enable cycling and walking. Dedicated bus lanes for express bus services are being planned to reduce Parksuites is an exclusive integrated development in the prime District 10 of Holland Grove Road. Nestled in the heart of a charming locale within a landed enclave, and situated away from the hustle and bustle of city life, Parksuites is a quiet oasis for residents to come home to. Inspired by the lush park-scape of Henry Park situated next to it, Parksuites houses 119 residential units within five towers. Towers 2 to 5 feature apartments with flexible spaces and higher floor-to-ceiling height of 3.5 metres while Tower 1 is reserved solely for 4-bedroom triplex units. Unit size range from 581 sq ft to 3,068 sq ft for the 1 to 4-bedroom apartments. Facilities at Parksuites include a gym, dining pavilion, party deck, 50-metre lap pool as well as recreation pool and kids pool, jacuzzi and BBQ pavilion. exclusive roof terrace and two individual carpark lots. These units start from the 2nd Storey up to the 4th Storey, with the 3rd Storey opening out to a swimming pool. Parksuites is an ideal home for those looking to retreat from the hustle and bustle of the city yet remain connected. It is close to Holland Village and Chip Bee Gardens, and the gastronomic hub of Dempsey Hill and Rochester Park. Residents get to enjoy a mix of vibrant bars, cosy coffee shops and restaurants within close vicinity. With prestigious educational institutes of all levels just minutes away, families with school-going children will find it convenient. Henry Park Primary School is directly opposite Parksuites while other schools such as Nexus International School and the National University of Singapore are just minutes away by car. Within a short 10 to 12 minutes drive, residents can get to the Orchard Road shopping belt and Singapore Botanic Gardens, a UNESCO World Heritage Site. Approved Use of the Unit: The Unit is approved for use for residential purpose under the Planning Act. The purchaser may not use the Unit for any other purpose unless permitted by the Competent Authority or authorised under the Planning Act. The Purchaser is authorised to use the Unit as a home-office for a small-scale business only if the conditions for the change to home-office use as set out in the Planning (Development of Land Authorisation) Notification e.g. lodging the required registration form for the change in use with the Competent Authority, are complied with. Parksuites is developed by Far East Organization. Artist s impression of Parksuites at Holland Grove Road Parksuites also has an eclectic mix of specialty shops and restaurants on the ground level of the development, allowing residents to shop and dine amidst the cool greenery of the Henry Park with the comforts of home literally steps away. A Far East SOHO development, Parksuites provides flexible spaces. Apartments on the 4th storey are double-storey dual-key homes. A wireless smart home hub is provided in every unit for integration of multiple devices within the home. With only five triplex units available, each of these exclusive 4-bedroom triplexes come with its own private lift, an 18

11 PROPERTY FOCUS 03 / RESIDENTIAL AGENCY WALLICH RESIDENCE SINGAPORE S TALLEST RESIDENTIAL PROPERTY Wallich Residence has the distinction of being Singapore s tallest residential property, occupying the 39th to 64th floors of Tanjong Pagar Centre. It is part of a unique integrated development that combines residential, commercial, hotel, retail and urban park elements into a seamless whole. With its scaling heights and spectacular views, the development is the highest level one can aspire to. Wallich Residence is the pinnacle of luxury living. The development offers a limited collection of 181 exceptionally designed residences, comprising a mix of 1 to 4-bedroom units, four penthouses and one exclusive super penthouse occupying the top three floors, sprawling 21,000 sq ft. 180 metres above sea level, each unit provides occupants with unparalleled panoramic views of the CBD as well as the sea. Amenities such as an infinity pool, gym, private library and dining rooms, theatrette and sky garden provide a luxurious hideout in the heart of the CBD. forever emphasising the importance of nature and the environment amidst the concrete jungle of the city. Designed specifically for sustainability and the environment, Wallich Residence sets the standard for eco-design. Tanjong Pagar Centre has been awarded the BCA Green Mark (Platinum) and achieved pre-certification for the prestigious Leadership in Energy and Environmental Design (LEED) CS Platinum, while Wallich Residence has been awarded the BCA Green Mark (Gold Plus). For enquiries, please contact Edmund Tie & Company s Residential Agency team at or mail.sg@etcsea.com A one-of-a-kind integrated development, Wallich Residence crowns the Tanjong Pagar Centre as part of an ambitious vertical city comprising 100,000 sq ft of retail space spread across six floors, 890,000 sq ft of Grade A office space across 31 floors, and 150,000 sq ft of landscaped gardens and a city room for events and activities. This iconic development sets the stage to position Tanjong Pagar as the premier business and lifestyle district in the Singapore CBD. Wallich Residence at Tanjong Pagar Centre Located on Wallich Road, the development sits in the heart of Tanjong Pagar, the first area in Singapore to be gazetted under the Government s conservation plan. It houses a vibrant mix of cultural, retail and residential developments, with the nightlife districts of Ann Siang Hill, Club Street, Tras Street and Duxton Hill, within proximity as well. Wallich Residence is surrounded by an eclectic mix of eateries, popular among expats, millennials and tourists alike. From tiny hole-in-the-wall bars to the most upscale of restaurants, residents will never lack variety in their gastronomic pursuits. Residents also have convenient access to the rest of the CBD and city via major expressways like the Marina Coastal Expressway (MCE) and the Ayer Rajah Expressway (AYE). Marina Bay is a mere 4-minute drive away, while Singapore s main shopping district Orchard Road is but 8 minutes away. Even the internationally renowned Changi Airport is a short 16-minute drive from Wallich Residence, putting the world at your fingertips. Wallich Residence takes its name from renowned Danish surgeon and botanist Nathaniel Wallich, who by special request of Sir Stamford Raffles, came to Singapore to design what would become the Singapore Botanic Gardens Singapore s first UNESCO World Heritage Site. Dr Wallich s love of nature and botany can be seen reflected in every aspect of the design of Wallich Residence. The social areas and landscape features include plants from his Botanical and Experimental Garden. Dr Wallich s great legacy leaves an indelible mark on Wallich Residence, Wallich Residence at Tanjong Pagar Centre 19 20

12 04 P R O P E RT Y FOC U S Located just a stroll away from the lush greenery of Pasir Ris Beach along Pasir Ris Way, a gorgeous 3.5-storey semi-detached unit with 6+1 bedrooms was sold via auction in May through mortgagee s sale. 1M HILLCREST VILLA DISTRICT 11 The unit attracted healthy interest levels, and resulted in several bidders competing for the unit on its first time under the hammer. After 15 bids, the unit was successfully knocked down at $5m, or $505 per sq ft, based on the gross floor area of approximately 9,892 sq ft. AUCTION & SALES With a land area of approximately 3,999 sq ft, the rectangular plot offered a good frontage of approximately 12-metres. The four-year-old unit will offer its new owner spacious bedrooms, a lap pool, internal lift, and greenery views of Pasir Ris Park from its upper levels. 450 SERANGOON ROAD DISTRICT 8 Hillcrest Villa Serangoon shophouse sold for $5.23m A freehold shophouse was sold for $5.23m or $1,290 per sq ft during Edmund Tie & Company s Auction. Located within the Jalan Besar Conservation Area, the property is part 2-storey shophouse with a 4-storey rear extension. Under the Master Plan 2014, the site is zoned Commercial with a plot ratio of 3. The shophouse sits on approximately 1,523 sq ft of land, with a built-up area of around 4,054 sq ft. The shophouse is located along the bustling Serangoon Road, and is surrounded by other conserved shophouses, Housing and Development Board (HDB) flats, and condominium developments. Apart from its cultural and historical significance, the area is home to amenities such as an abundance of retail shops, F&B outlets, banks, and clinics. In the vicinity are also major shopping complexes such as the City Square Mall, 24-hour Mustafa Centre, and the upcoming Centrium Square. Nestled in the heart of District 11, Hillcrest Villa consist of 163 units of 3-storey terraces, and was completed in The subject unit, which Edmund Tie & Company transacted, has a floor area of approximately 3,089 sq ft, over 3-storeys, with an attic and a basement and enjoys shared facilities such as a 50-metre lap pool, wave pool, aqua gym pool and BBQ pavilions. It was successfully sold at $2.62m or $848 per sq ft through an owner s sale. Situated off Dunearn Road and Bukit Timah Road, the property is surrounded by the quiet residential enclave of the Bukit Timah estate, while still enjoying easy connectivity to th rest of Singapore. Tan Kah Kee MRT station on the Downtown Line is within walking distance, and major roads and expressway like Adam road, Dunearn Road, Bukit Timah Road and the Pan Island Expressway (PIE) are minutes drive away. 25 Pasir Ris Way is located within minutes of major lifestyle hubs such as White Sands, E!Hub, Downtown East, and is surrounded by education institutions such as the Overseas Family School, Meridian Junior College and Hai Sing Catholic School. Coupled with its close proximity to the Pasir Ris MRT station as well as easy access to the Tampines Expressway (TPE), the property enjoys convenience and accessibility, while still being surrounded by nature and serenity. 25 PASIR RIS WAY DISTRICT 18 Joy Tan, ET&Co s Head of Auction & Sales, commented that the successful mortgagee sale price of $3.25m translated to a loss of nearly $2.4m for the last owner, who purchased the unit in 2011 for $5.64m, or $1,919psf. 122 SIN MING ROAD DISTRICT 20 Freehold inter-terrace sold for $1,568,888 A freehold 2-storey inter-terrace house along Sin Ming Road was successfully sold after its first auction in February. The property was sold via an owner s sale. The Berth by the Cove at Sentosa Cove Edmund Tie & Company brokered the sale of unit #06-08 of The Berth by the Cove at $3.25m or $1,106 per sq ft at its February auction. This was the unit s first appearance under the hammer, under mortgagee s sale. The Berth by the Cove is one of Singapore s most prestigious developments, located along Ocean Drive in Sentosa Cove. The subject property is a 4-bedroom, duplex penthouse. Not only do residents get to enjoy a 90-degree unblocked view of the marina but also other lifestyle facilities such as yacht berths, a clubhouse, waterside BBQ decks, a lap pool, jacuzzi and gym. The entire project comprises 200 units and was developed by Ho Bee Land in With its stunning ocean view, the status of the development is further distinguished as one of the most exclusive Pasir Ris semi-detached unit sold for $5m choices for waterfront living in Sentosa Cove. Quayside Isle, Sentosa s premier waterfront retail and dining destination, is just a short stroll away. Other recreational facilities such as the Tanjong Golf Course, Resorts World Sentosa, ONE 15 Marina Sentosa Cove, Universal Studios Singapore, S.E.A Aquarium are also within the project s vicinity. Minutes away by car from VivoCity, Singapore s largest shopping mall, and Harbourfront Centre, which houses the Singapore Cruise Centre, The Berth by the Cove provides residents easy access to a truly unparalleled shopping and living experience. #06-18 THE BERTH BY THE COVE DISTRICT 4 The property is also surrounded by some of Singapore s most prestigious educational institutes, including Raffles Girls Primary School, Nanyang Primary School, Hwa Chong Institution, St Margaret Secondary School and National Junior College. Furthermore, within the vicinity are several renowned amenity hubs such as Coronation Plaza, Adam Road Hawker Centre, Guthrie House and Turf City. The property also enjoys easy connectivity to the rest of Singapore, being minutes away from the Central Expressway (CTE). It is also well-served by many bus services, as well as being in the vicinity of the Farrer Park and Bendemeer MRT stations, providing access to the North East as well as Downtown lines / AU C T I O N & SA L ES The property occupies a land area of around 926 sq ft, with a total floor area of approximately 1,200 sq ft. It comprises three bedrooms and two shared bathrooms. Under the URA Master Plan 2014, the property is zoned for 3-storey mixed landed and is suitable for A&A or redevelopment to a maximum of 3.5-storey. It was sold for $1,568,888 or $1,694 per sq ft. The subject property sits a short distance off Upper Thomson Road, tucked just away from the bustle of the main roads surrounding the area. Thomson Plaza is a short drive away, offering convenient access to amenities such as supermarket, shops and restaurants. Within the vicinity are also a number of popular eateries, many of which open till late in the evenings. The MacRitchie Reservoir and Windsor Nature Park are just a short stroll away, providing residents with easy access to beautiful nature walks and treks. The nearby Singapore Island Country Club, one of the most exclusive of its kind in Singapore, further provides lifestyle options including sporting, dining and other social activities. For those with children, the area is home to some of Singapore s top educational institutes 22

13 PROPERTY FOCUS 05 / RESEARCH & CONSULTING 05 WORK, RESEARCH & CONSULTING LIVE AND PLAY IN THE SAME SPACE Shared spaces are ideal to meet the needs of millennials as they prefer certain qualities like collaboration, flexibility and mobility. such as the Raffles Institution, Catholic High School and St Joseph s Institution International just minutes away by car. Connected by major expressways and public transport options, the property enjoys unmatched convenience and connectivity. The Pan Island Expressway (PIE) and Central Expressway (CTE) are both nearby, while Marymount MRT station and the upcoming Upper Thomson MRT station are both within a 10-minute walk away. #02-06, I.BIZ CENTRE DISTRICT 21 A second storey ramp up factory unit in I.Biz Centre was recently sold during Edmund Tie & Company s auction in May for $670,000 or $215 per sq ft under owner s auction. The subject property has a strata area of approximately 3,111 sq ft with a 30-year tenure with effect from 2011, and is zoned for B2 Industrial under Urban Redevelopment Authority s Master Plan The unit comes with a mezzanine level and self-contained toilet, two private carpark lots and is column-free with a 7.5-metre high ceiling. I.Biz Centre is located along Old Toh Tuck Road, off Boon Lay Way, and is served by both the Pan Island Expressway (PIE) as well as the Ayer Rajah Expressway (AYE). The connectivity is further boosted by its 1.8km proximity to the Jurong East MRT station. I.Biz Centre is situated in the heart of the Toh Tuck Industrial Estate and is a short drive away from major shopping malls such as JEM, Westgate, IMM and JCube. I.Biz Centre along Old Toh Tuck Road For enquiries, please contact Edmund Tie & Company s Auction & Sales team at or mail.sg@etcsea.com Following the global trend of the sharing economy, peerto-peer services have grown increasingly more popular. From car sharing to bike sharing, this concept has become the buzzword in today s market. This concept has also influenced the real estate industry. While shared spaces are developing well in the office market, it is also gaining momentum in the F&B, retail and hospitality sectors. The concept of shared spaces in the F&B sector was pioneered by hawker centres and food courts, and some eateries are now taking it a step further by collaborating to share the same outlets. For example, Fu Lin Bar & Kitchen in the CBD and Hua Bee Restaurant in Tiong Bahru transform from a local food café in the day to a restaurant at night. To save on operating costs, some outlets are also coming together to share their kitchens. For instance, in 2016, with support from the Singapore Government, eight Indian restaurants came together to open a shared central kitchen. They process ingredients on different days to safeguard recipes and this has helped them to reduce manpower hours and costs. Shared kitchens for individuals and small businesses are also popping up. Small businesses can rent these facilities on an hourly basis to conduct classes or produce goods for sale. These fullyequipped kitchens in turn help to reduce initial investment for the small businesses. As rental prices continue to rise, it has become more challenging for aspiring startups in the retail and arts industries. In response, in addition to co-working spaces, some operators are providing shared facilities e.g. for photography, design and 3D printing as well. For instance, OneMaker Group (supported by Enterprise Singapore, DesignSingapore Council and IMDA) operates four makerspaces with resources such as cutting and etching machines, and other equipment. In the private sector, Mox by Invade at Katong provides co-working spaces, shops, shared studios and makerspaces for companies in the creative industry. Retail incubators and makerspaces are exceptionally important to support and sustain the growth of creative industries in cities where real estate costs are high. While these concepts are unlikely to bring in much rental income, they will help attract footfall during non-peak hours, and introduce new and unique services and products. The idea of community has affected living spaces too. People are reconsidering community living and the concept of co-living has evolved to incorporate lifestyle options and networking communities into living spaces. These co-living operators provide social spaces and organise events to encourage social engagement and collaboration amongst residents. While this concept is popular in Tokyo, London and New York, Singapore will have its first purpose-built co-living apartments in Funan by serviced apartment operator Ascott will open as part of the Funan redevelopment. To understand the needs of millennials, Ascott partnered with Singapore Management University (SMU) to research and develop lyf@smu, a living lab, creative learning and social space designed for and managed by millennials. This project aims to test out various co-living concepts in the SMU campus to track popularity and usage patterns. We envisage more co-living concepts to emerge in Singapore. With the increase in median age of couples in their first marriages and the rise in popularity for CBD and community living, we may see an increasing number of millennials choosing to rent rather than to stay with their parents. Co-living concepts are affordable alternatives to private apartments. Residents, especially those new to Singapore, will also benefit from the flexibility of a short lease term and opportunities to meet people. By 2025, millennials will form around 75 per cent of the workforce, effectively shaping the future of work. Shared spaces are ideal to meet the needs of millennials as they prefer certain qualities like collaboration, flexibility and mobility. In land scarce Singapore, the flexibility in land uses not only promotes the productivity and efficiency of available space but also hints at the notion of building communities as globalisation and digitisation bring people from around the world together. As the real estate market calibrates to accommodate the new trend of shared spaces, there will be more demand for cross-disciplinary shared spaces. For enquiries, please contact Edmund Tie & Company s Research & Consulting team at or mail.sg@etcsea.com 23 24

14 06 P R O P E RT Y FOC U S 0 6 / PR OPERTY M AN AGEM EN T PROPERT Y MANAGEMENT NEW FUTURA THE FUTURE OF THOUGHTFUL LUXURY Situated in prime District 9 and with the bustling Orchard Road shopping belt less than 10 minutes stroll away, New Futura is a new and luxurious freehold development sited along Leonie Hill Road. It offers a selection of 2-, 3-, 4-bedroom units and double-storey super penthouses. Developed by City Developments Limited, the architecture of the iconic twin 36-storey towers, which includes elegant sweeping curves, is bound to stand out as a timeless landmark against the magnificent skyline along River Valley and Grange Road. Being in a prime location with easy access to various MRT stations, getting around is simply a breeze. The premise is within walking distance to Orchard MRT and Somerset MRT stations, and the upcoming Great World MRT station (TE15), which is due for completion in year With its proximity to Orchard Road, Clarke Quay and the CBD, nearby amenities such as the major malls along the Orchard Road shopping belt, Marina Bay Sands (MBS), and Sentosa are easily accessible as well. Lift lobby of New Futura s North Tower At New Futura, residents are in for a luxurious treat. Upon entrance to the premise, they will be greeted by a residential host before a splendid view of multi-tiered lush tropical landscaped gardens with a subtle touch of tranquility. Residents can also expect quality concierge services by hospitality-trained professional hosts who are dedicated to pampering and catering to the needs of all New Futura s residents. These services include booking services, recommendations for private catering or pet care, and delivery acceptance, ensuring residents a hassle-free homecoming experience just as what one can expect from a luxurious five-star hotel. Infinity lap pool living experience of residents. Every unit comes with a private lift which leads residents into generously-sized living and dining rooms with a spacious balcony. For residents who have an eye for deluxe luxury, the doublestorey super penthouse comes with a 13-metre private lap pool, indulging residents with its bungalow-in-the-sky design concept. It is with no doubt that New Futura is the epitome of luxurious living as it promises residents an elaborate living experience with top-notch services premised on outstanding professionalism, all at the heart of its residents. For enquiries, please contact Edmund Tie & Company s Property Management Team at or mail.sg@etcsea.com The residence is furnished with over 250 parking lots and some designed to be extra wide to accommodate supercars and coupes. The premise is well-equipped with an infinity lap pool, aqua beds, fully-furnished gyms with a steam room, an outdoor entertaining area with a designated cooking space which overlooks the skyline of Singapore and Club Futura an exclusive clubhouse providing residents with cool respite in the day and a posh dining venue at night. Additionally, the premise is equipped with golf lockers, electric car chargers and six themed sky terraces for the ultimate luxury living. These expansive facilities guarantee residents a wholesome quality living experience in their impeccable trophy home. The interiors of the residential space are embellished with elaborate designer fixtures and specially commissioned one-of-a-kind art decorative pieces. In every home, floors are covered with elegant fine marble and double volume ceilings in selected units that expand and heighten the Private sky garden with 360-degree panoramic view 25 26

15 07 HOSPITALITY MANAGEMENT AWARDS 07 / HOSPITALITY MANAGEMENT Best Resort Hotel Singapore Asia Pacific Hotel Awards Best City Hotel Singapore Asia Pacific Hotel Awards Tay Hock Soon, senior director of Hospitality Management, receiving the award Best Large Hotel Singapore Asia Pacific Hotel Awards TREETOPS WINS PRESTIGIOUS ACCOLADE AT THE INTERNATIONAL HOTEL AWARDS Treetops Executive Residences recently had the honour of representing Singapore on the world stage at the International Hotel Awards , winning the top title of Best International Sustainable Hotel Treetops emerged as the champion after a keenly contested judging process which involved several other quality green hotels and properties. Chaired by the Lord of Liverpool, judging was conducted over a meticulous process involving a panel of over 90 experts covering every aspect of the hospitality business to award the highest-scoring participant for each award category. The official announcement was made at a gala event on 4 December 2017 at The Savoy in London, UK. The International Hotel Standard is considered a universal mark of excellence among industry professionals and is the only accolade in the hospitality industry that is recognised worldwide. Treetops also clinched the Best Sustainable Hotel Asia Pacific and Best Sustainable Hotel Singapore award earlier in 2017, bringing their haul to a total of seven awards for the year. For enquiries, please contact Edmund Tie & Company s Hospitality Management Team at or mail.sg@etcsea.com Edmund Tie & Company s senior director of hospitality management Tay Hock Soon commented: We are honoured to represent Singapore competing at an international level with other world-class hotels. To come away with a win in such a prestigious category is an affirmation of our dedication to sustainability and the philosophy of providing the best all-round experience for our guests. I would also like to dedicate the win to our staff, as they were the ones who made this happen with their passion, commitment and hard work. Launched in September 2000, Treetops Executive Residences is managed by Edmund Tie & Company Hospitality Management services. Located along Orange Grove Road, it is close to Singapore s shopping and entertainment hub, Orchard Road, and provides resortstyle living in the heart of the city. Offering a holistic living experience, Treetops has thus become one of the leading serviced apartments in Singapore, a preferred choice of home for senior managers and leisure travellers round the world. Best Sustainable Hotel Singapore Asia Pacific Hotel Awards Best Sustainable Hotel Asia Pacific Asia Pacific Hotel Awards International 5 Star Standard Accreditation International Hotel Awards Best International Sustainable Hotel International Hotel Awards

16 08 P R O P E RT Y FOC U S 0 8 / R EGION AL M AL AYSIA REGIONAL MAL AYSIA Artist s impression of Horizon Village Outlets in Sepang, Selangor, Malaysia LUXURY SHOPPING CENTRE: HORIZON VILLAGE OUTLETS Horizon Group Properties first venture outside the USA Horizon Village Outlets (HVO) is a new luxury outlet shopping centre in Sepang, Selangor, Malaysia. This 400,000 sq ft one-level development features an engaging and comfortable open-air shopping environment with luxurious European-styled architecture. It is developed by the third largest developer and operator of outlet shopping centres in the United States, Horizon Group Properties (HGP), and will house 150 retail brands and F&B outlets. As an outlet shopping centre developer with 20 years of experience, HGP prides itself with the expertise to deliver projects aimed to maximise retailers success. Positioned as a luxury shopping destination, leading brands under the Valiram Group such as Michael Kors, Kate Spade New York, La Martina, Tory Burch, Victoria s Secret, Giuseppe Zanotti, Tumi, Swiss Watch Gallery, and many more are already on board to bring excitement to the fashion and retail scene in Malaysia. Beyond the shopping experience, HVO has designed two villages Artisan Village and Festival Village to enhance shoppers experience. The Artisan Village pays homage to the local arts scene, showcasing Malaysia s rich cultural heritage. Shoppers will be able to experience local artisanal products with a modern twist, which will appeal to both locals and tourists alike. It serves as a platform for budding artists to showcase their arts, designs and crafts while engaging the public through various on-ground activations. A dedicated street at HVO s south-west entrance, the Festival Village is a purpose-built alfresco space designed to draw people and captivate them with delicious food through a variety of international and Malaysian restaurants. Strategically located between Putrajaya and the Kuala Lumpur International Airport (KLIA), HVO is positioned within two townships: Serenia City and Sunsuria City, a 2,370-acre township in Sepang by Sime Darby Property. Sunsuria City also includes a transit-oriented development and Xiamen University Malaysia, the first Chinese university overseas campus. The university currently has 3,000 students, with a capacity to house up to 10,000 local and international students. HVO is located at the intersection of the Elite Highway and the Putrajaya-Cyberjaya Expressway, Federal Route 29 (FT29); making it clearly visible to traffic in all directions. Connectivity is further enhanced by the Klang Valley Integrated Rail Transit System where various lines connect to the KL Sentral Hub. Visitors can hop on the Express Rail Link (ERL) from KL Sentral to Salak Tinggi stations within 20 minutes and reach HVO via free shuttle and ridesharing services. A highly attractive shopping destination for both locals and tourists, HVO will have access to more than 30 million tourist arrivals, as well as an estimated population of 7.7 million within a 50-minute drive and an immediate population of 124,000 within a 10-minute drive. HVO is designed by Adams & Associates Architecture, a US-based consultant who are experts in outlet shopping centre design. With 400,000 sq ft net lettable area on a single level, the racetrack layout features a serene open-air ambience with weather-proof walkways. Shoppers stand to benefit from the sheltered underground parking that is able to accommodate up to 2,000 vehicles and 22 coaches. With a gross development value of RM400 million, HVO is a (30:70) joint-venture with a Malaysian-based property and construction company, Mainstay Holdings Sdn Bhd. Established in 1998 and based in Norton Shores, Michigan, HGP s strong portfolio of outlet developments can be attributed to an executive team with over 150 years of combined experience, specialising in operating and developing retail centres. Currently, HGP manages over 3.5 million sq ft of 10 retail outlets in the US. HVO is currently under construction and is scheduled to commence operations in the second half of Nawawi Tie Leung Real Estate Consultants has been appointed as the exclusive leasing and marketing consultants for the project. The leasing process is currently ongoing. For enquiries, please contact Nawawi Tie Leung s Retail team at or retail@ntl.my Artist s impression of Horizon Village Outlets in Sepang, Selangor, Malaysia 29 30

17 P R O P E RT Y FOC U S 0 8 / R EGION AL TH AIL AN D REGIONAL THAIL AND FamilyMart at Home Place Thonglor FamilyMart at Home Place Thonglor FAMILYMART MARKET PLACE Edmund Tie & Company (Thailand) recently secured 160 sq m of retail space for FamilyMart at Home Place Thonglor. The premise is located on the ground floor of the 20-storey office building at Sukhumvit 55 Road in the Watthana district of Bangkok. Opened in April 2018, this FamilyMart is one of the many outlets in Thailand that adopted the new concept of having a café corner, currently occupied by Arigato Coffee. Established in the early 90s, Siam FamilyMart is a chain of convenience stores headquartered in Bangkok, part of a wholly-owned subsidiary of Itochu Group in Japan. Developed by Siam Future Development, Market Place, Dusit, a new shopping centre in the the administrative centre of the Thai kingdom, is targeted to open in December It is a two-storey community mall near Vachira Hospital and other top private schools including St Gabriel School and St Fracisavia School. Appointed as the sole leasing agent, Edmund Tie & Company (Thailand) has successfully leased almost 50 per cent of the total 6,200 sq m of net leasable area. AT HOME PLACE THONGLOR DUSIT New Express Concept for Siam Commerical Bank NEW EXPRESS CONCEPT FOR SIAM COMMERCIAL BANK Market Place at Dusit 31 For enquiries, please contact Edmund Tie & Company s (Thailand) Retail team at +66(0) or admin@etc.co.th Siam Commercial Bank (SCB) has developed a new express concept for clients who do not need the full-service of a branch but require automatic services such as the automated teller machine, cash deposit machine and video teller machine. This concept is expected to roll out in As the leasing agent for SCB Express, Edmund Tie & Company (Thailand) has found a rest area located on Pracha-Chuen Expressway to implement this concept within 30 sq m. 32

18 PROPERTY FOCUS 09 / CORPORATE EVENTS CHIEF OPERATING OFFICER OF EDMUND TIE & COMPANY (THAILAND) 09 CORPORATE EVENTS Punnee Sritanyalucksana (Pom) has been appointed as Chief Operating Officer for Edmund Tie & Company (Thailand) with effect from 1 June Before her promotion, she was heading the Retail team in Thailand. Congratulations on your new appointment as Chief Operating Officer of Edmund Tie & Company (Thailand)! Please introduce yourself to our readers. Thank you for all the heartwarming congratulations. I am honoured. ADMINISTRATIVE PROFESSIONALS DAY On 25 April, we celebrated our administrative staff and their contributions to the company. It is in their seemingly routine work and administrative support that the company can operate like a well-oiled machine. This year on behalf of the company, executive director and head of residential, Margaret Thean, distributed frozen flower terrariums to our administrative staff as a little token of appreciation. After my college graduation with a degree in Accounting/ Marketing, I have spent almost all my professional life in various property sectors providing services to both developers and agencies. I have extensive experiences in the retail business and office space leasing, and I am always happy to see our customers grow along with us. I am married with two sons, one in high school and the other will be a freshman in college this year. Despite my busy schedule, I try to exercise daily and spend time with my family as much as I can on the weekends. Can you tell us more about your role? As Chief Operating Officer of the Thailand office, my principal responsibilities include the development and growth of the Firm s overall professional and agency business; expansion of client base; network to strengthen client relationships; to improve the Firm s financial performance and to build Edmund Tie & Company (Thailand) as the most trusted and respected brand in the industry. As many would probably agree, having a good team is the key to success. Hence, building a professional team and offering result-oriented services that exceed the expectations of our clients would be one of my priorities. Punnee Sritanyalucksana (Pom), COO for Edmund Tie & Company (Thailand) What are your plans for Edmund Tie & Company (Thailand)? A company s branding is one of the most important elements for us to stay competitive. We should continue to provide services that exceed market expectations, promote a collaborative culture and professionalism. Margaret Thean (second from left), executive director and regional head of Residential, pictured with administrative staff J.P. MORGAN RUN As part of our commitment to health and fitness, the company took part in the annual J.P. Morgan Corporate Challenge on 26 April. 23 of our staff braved the torrential downpour running 5.6km around the CBD, beginning at St Andrews Road and finishing at the F1 Pit Building. Alongside more than 14,000 participants from 387 companies, our team did us proud, with our fastest male runner Joshua Low, senior executive of consulting, coming in at 30mins 10secs, and fastest female runner Sharon See, assistant manager of valuation, clocking 34mins 45secs. Well done! Group photo of runners before the race Could you describe your typical workday? I spend a lot of my time meeting clients. From these meetings, I get to learn more about the market, customers concerns, and help us to stay competitive. As I also head the retail department, I provide professional retail consultancy services and marketing for clients, attend their meetings, and develop the efficiency of working between company and clients or between developers/landlords and retailers. Another area that I focus on is to expand our client base and keep them updated about the latest market insights. These consistent workdays will not only help to increase our revenue but also positive publicity for our Firm. With my added role as the COO, I will be working closely with all our clients and colleagues to ensure the overall performance of the Thailand office. I will also be collaborating with the Company s leadership team to tap on the opportunities and support one another in the region. Alongside the Company s good repute, I am also mindful of the significance to improve our financial performance year-on-year. To achieve all these goals, I feel confident that with my highest level of loyalty, dedication and energy, we can look forward to the continued growth and prosperity of Edmund Tie & Company (Thailand). Any parting words for our readers? What should our readers know about Edmund Tie & Company (Thailand)? In Bangkok s retail market nowadays, Edmund Tie & Company (Thailand) is the most trusted brand that consistently offers professional services to its retail clients. I appreciate the support from our headquarters in Singapore and affiliated company in Malaysia, we all should share and enjoy these results of hard work together. I will try my utmost to bring our reputation, services and financial performance to the next level. Lights were switched off for two hours to celebrate Earth Day EARTH DAY Every year, Earth Day Network (EDN), the world s largest environmental movement comes up with different campaign themes for Earth Day. For the past two years, the EDN campaigned for Trees for the Earth and Environmental and Climate Literacy. This year, Earth Day 2018 focuses on mobilising the world to End Plastic Pollution, which includes creating support for a global effort to eliminate single-use plastics along with global regulation for the disposal of plastics. At Edmund Tie & Company, we decided to #BeTheChange and embarked on a series of initiatives that are in line with Earth Day 2018 s objectives. We kicked this series off with a Terrarium Workshop. These events are organised by the Social Activities Committee