Read more: Li Ka-shing, Hong Kong’s richest tycoon, is selling one of Asia’s most expensive residential projects to a Singapore-based wealth manager

Landscape designer Yvonne Tan, space has not been a problem for creating her private oasis of wildlife and greenery. The balcony she has at home measures only 3m by 0.42m. However, she is able to grow mulberry, calamansi, and kaffir lime together with chilli, ginger as well as kale, guchai, along with longevity spinach. She would like to plant sunflowers the next time.

Tan has included plants that attract bees and birds. “It’s an inspired garden that is inspired by nature,” she says.

With her experience in the field of landscape design, Tan is the Director at DP Green, has been part of the jury panel for the EdgeProp Singapore Awards for the last five years. DP Green is the landscape and arboriculture consulting branch of the local architectural firm, DP Architects.

According to Tan she finds it “encouraging” to witness increasing numbers of developers who are aligning their company’s environmental governance, social and social strategy with the climate change issue. “Homebuyers are becoming more sophisticated, and perhaps more optimistic,” she notes. “Their personal beliefs determine their choices for homes. It’s not only about floor area or the location any more. It’s essential to think about sustainability as a factor too.”

Biophilic design, wellness and health are now buzzwords after Covid However, it’s been something architects have been researching for over 10 years. It began as a an idea for a therapeutic landscape that was first used in healthcare facilities in Singapore according to Tan. For example at Khoo The Teck Puat General Hospital, located in Yishun that was built in 2010 nearly every bed has an outdoor view of the greenery.

DP Green was involved in the master plan for transforming Alexandra Hospital to the Alexandra Healthcare Campus; as well as in designing Sengkang General Hospital and Sengkang Community Hospital (collectively called SKH Campus), which was completed in the year 2018. It included green spaces like the roof gardens for therapeutic purposes and landscaping on the first floor.

The emphasis has shifted away from health facilities to other industries including offices and residential. “There’s an increased focus on health and wellbeing in the workplace due to the fact that people spend so much time in there,” says Tan.

One of DPGreen’s latest initiatives within Singapore was a play area in one of their linear parks connected by a connector park underneath the MRT viaduct in Punggol. The playground has been opened. While she was with her colleagues on a particular day, they spotted an individual with a yoga mat sitting in a peaceful pose beneath the concrete viaduct in an azure backdrop. colorful playground.

Wellness means different things to different people, according to Tan. “It can refer to mental wellbeing as well as physical health and the inner being,” she says. “As as we are able to create different kinds of experiences and various types of connections to nature even in the simplest way to practice yoga.”

Within Singapore, DP Green, in conjunction alongside DP Architects, is working on the design for the 6ha Plantation Village in Tengah, that is expected to become an intelligent, futuristic and green town. When it is constructed, Plantation Village will have 1,420 houses, a 164,700 sq ft community centre, as well as 30,570 square feet of common spaces.. Plantation Village is one of five districts of residential development in the newly constructed Tengah town that covers 700ha. When completed, the town will be home to 45,000 people.

DP Green is involved in the design of the landscape for Plantation Village. The main feature will be the Plantation Farmway which is 700m long and 40m wide. It will feature community agriculture and will weave throughout the precincts of housing connecting the recreational and community facilities in the area. The Plantation Farmway will also function as a green connector connecting residents with other vital amenities and facilities within Tengah town, like the town’s centre, Central Park and Forest Stream.

“Although we aren’t able to duplicate Tengah Forest, we are trying to introduce the plant species that can be found in the forest and in the plantation,” says Tan. “We will also be focusing on Tengah as an agricultural plantation, and we’re re-creating certain traditions and memories through the language of plantation. I am convinced that this Plantation Village is going to be among the most green residential areas located in Tengah.”

In the hospitality industry the high-end hotels are adopting a “nature-centric” approach, even as they are focusing on luxurious elements Tan says Tan. An example of this is Raffles Hotel located in Sentosa in the Philippines, in which DP Green will be the landscaping architect who works closely with the international designer Yabu Pushelberg. The hotel’s luxury features include the 61 villas, ranging from 260 sqm one-bedrooms to 450 square meters of four-bedrooms in a lush gardens.

“The main focus lies on diversity, developing ecological connections and ways we can connect nature to our visitors,” says Tan. “It’s inward-looking. And it’s a concept that is applicable to residential condominiums as well -by creating views and garden spaces even on a narrow site.”

The 61-villa Raffles Hotel Sentosa where DP Green is the local landscape architect who works together with Yabu Pushelberg (Credit: Raffles Hotel)

DP Green is also the architect of the landscape on the project of 143 rooms at The Standard Singapore, slated to open in the coming year. The hotel will be located right next to the Shangri-La Hotel on Orange Grove Road. “We create spaces that are experiential which are relevant to any development, whether it’s mixed-use, residential or office space whether it’s high-density condo or a low-density development with low-rise.”

Many visitors are looking for “real experience” when visiting the destination, says Tan. Landscape architecture projects by DP Green extend beyond the shores of Singapore. Through its overseas projects, like for instance, shopping malls in India landscaping design is now a part of the process of creating places. In the majority of cases, it’s about community according to her. The past could involve the construction of an area for sensory gardening. The concept has evolved beyond this. “These days, the emphasis is on the way people use spaces,” the expert says.

A manufacturing facility on the 15th floor of Senoko Loop, just off Admiralty Road West in the northern part of Singapore It is for sale via private treaty, with an estimated cost of $100 million.

Copen Grand e brochure can look forward to a pleasant living and working environment.

The facility is located on the site that covers 263,339 square feet and has a total tenure of 30 years that will take starting on June 1st to June 1, 2020. The site is designated to Business 2 (Industrial) use in the URA 2019 Master Plan. It has a plot-to-plot ratio of 2.5 which means that the site’s building can be built up to a total area of up to 658.348 sq feet.

The current building on the site has four floors and covers a gross floor space of 446,103 square feet. It includes 104,594 square feet of warehouses that are climate controlled and 203,881 square feet of production space, and 137,628 sq ft of additional space. It is served by three sets of five-tonne cargo lifts, two passenger lifts and one wheelchair-accessible lift.

According to the marketing agent CBRE CBRE, the site could be converted into a food-zone. “15 Senoko Loop sits within an established food manufacturing industry with existing end-users of central kitchens and distribution centers,” notes Graeme Bolin the head of leasing and occupier services industrial and logistics services, Singapore, at CBRE.

The seller could manage their business in the climate-controlled building with minor improvements to the assets. They could also consider developing the site to become a modern, expanded food production and warehouse facilities.

The number of auction sales in Singapore was $70.2 million during the first three months of the year 2022 (9M2022) the amount of auction sales dropped marginally in 0.08% y-o-y, according to an SRI auction report that was released on October 10.

Copen Grand condo price of $603 psf ppr and enjoys a max GFA of 61,659 sq m. The residences will house around 620 residential units ranging from 1 to 5 bedrooms across its 12 blocks, rising up to 14 floors high, each with generous landscaping.

An increase in transactions were tracked in 9M2022, which stood at 31 as compared with the previous year’s 26 transactions as per the report.

The residential segment was the largest portion of auction sales in 9M2022 with 64.5%, while commercial and retail segments comprised 16.41% and 14.89% respectively.

The most expensive amount of a single transaction was for a townhouse intermediate located at 8. Nassim Hill which was transacted for $9.79 million According the report of Mok Sze Sze who is the managing partner of SRI Auction.

Nine properties were auctioned off in the 3Q2022, bringing total transaction volume for the quarter at $18.9 million. SRI auctioned three properties that totalled $7.63 million and Knight Frank sold two properties for $2.83 million. ERA auctioned one property for $5.01 million.

“Of the 9 properties sold at auction during 3Q2022, eight of them are sold in their initial auction” Mok writes. Mok.

The most recent auction of SRI on September 30 was timed with an announcement about the most recent cooling measures to increase the interest rate ceiling of Total Debt Servicing Ratio TDSR and Mortgage Servicing Ratio (MSR).

Despite the abrupt introduction of the policies, SRI witnessed strong bidding participation of more than 50 bids cumulatively on the two properties located at 685 Hougang Street 61 and 50 Pasir Ris Avenue, according to Mok. 685 Hougang Street 61 was purchased to a buyer for $3.43 million, and 50 Pasir Ris Avenue was purchased at $3.6 million.

In addition, 2Q2022 and 2Q2021 had the highest quantity of properties sold, which was thirteen each. They also had the largest overall sales volume in their respective time frames, with $36.94 Million and $30.19 million, respectively.

There has been an impressive rise on HDB as well as private residence rents in the past two years. The most recent confirmed statistics on housing reveal that the volume of rental of public flats grew to 2.8% q-o-q and 4.2% over the course of 2Q2022 and reached 10,979 flats. In the same way to that, it was reported that the URA Rental Index for land-based properties increased for the seventh straight second quarter of 2Q2022, gaining 6.7% q-o-q.

Copen Grand at Tengah Garden Walk is based within the City Development Group and MCL Land. Both developers have become well reputed in Singapore.

The EdgeProp rental data that was compiled by Singapore’s Market Trends tool illustrates that over a two-year time period, from August 2020 until August 2022, the average condominium rents grew by 31% between $3.27 per month per psf, to $4.28 psf per month. In addition the average HDB rents increased by approximately 20% between $2.09 per sq ft to $2.51 per sq ft.

A dramatic shifting of HDB rents

As per Nicholas Mak, head of research and consultancy of ERA Realty Network, HDB rents have typically rose from 1.5% to 1.6% every year. “However it changed drastically last year, when the HDB rental rate increased by approximately 10.6% for the whole of 2021.” Mak states.

As per Lee Sze Teck, senior director (research) at Huttons Asia, HDB rents have increased by around 20% during the beginning of the year.

Lee states that construction delays that affected Build-To-Order homes and condos not yet completed “have an important role to play” in the high demand for rental homes in the last few months.

Lee says that Singapore’s opening to foreign tourists and the subsequent surge in activity and economic growth has resulted in increasing numbers of expats returning into the state of Singapore. In conjunction with construction delays that led to the increase in rents for both the HDB as well as private residence market Lee says.

Mak says that the continuous flow of fresh HDB supply coming into the market will not reduce rental pressures within the HDB market. “For each HDB flat that is offered to a buyer who is not a new one the flat is not able to be let out for rental, as per HDB regulations, over the course of five years. So, we’re probably to witness a decrease in the number of HDB flats available for rent,” he says.

According to HDB rules under HDB regulations, only flat owners who have completed their five-year Minimum Operating Period (MOP) can lease their apartments.

Therefore, the availability of HDB rental flats has decreased in recent months, according to Mak. Mak says that in 2H2021, around 21,000 flats were rented to their owner. In 1H2022, that number decreased to about 19,000 flats which is approximately 10% decrease in the number for flats for rental. HDB flats.

The rather restricted HDB renting market helping tenants who can’t afford the rents they are paying to live with their others and share the costs of a flat Lee says. Lee.

Temporary relief for tenants

A variety of new HDB as well as condo development are expected to be completed at the end of next year. It is hoped that some tenants who are waiting on the new houses will be able to be able to move out of their rental properties and open up more rental units available in the market, according to Lee.

Mak confirms that “in the past three years, there’s seen a steady growth in the amount of HDB flats which reached the finish line in their MOP for five years. The numbers hit an all-time high this year”.

However, this relief may be temporary as he anticipates the supply of rental flats to decline in 2023 and 2024. “Unfortunately the numbers for housing supply don’t indicate [continuedrelief for certain HDB residents,” he says.

Unexpected speed of improvement in private rental

According to Lee Lee, the rate of Singapore’s economic growth 2021 was quite unexpected, and a large portion of the positive vibe continued into 2022. The statistics taken from the Ministry of Trade and Industry reveal that over the course of 2021 the Singapore economy grew to 7.6%, in contrast to the 4.1% contraction in 2020.

“Businesses require more employees and are hiring more foreign professionals to fulfill their requirements. This is a factor in the rise in the demand for rental private homes for residential use located in Singapore,” says Lee.

In general, the rate of increase in residential private rents is a surprising trend this year, says Mak.

“Before the pandemic, rents had increased at a slow rate of 1.4 up to 1.8% each year,” Mak says. Mak. “But after 2021, rents increased and accelerated particularly in the beginning of the year. In 2Q2022, rents had increased by around 16% per year.” This is 10 times the rate growth that the market experienced prior to the pandemic the outbreak, he says.

A rapid increase in rental rates and a limited rental supply within the Core Central Region (CCR) has resulted in the spread of tenants to city-fringe or even suburban areas, according to Lee. This has an indirect effect, as tenants in city-fringe areas are now seeking cheaper rental homes in suburban areas Lee declares.

In the future, Mak says the rental market is likely to improve in the next few months. “This year we anticipate around 14,000 to 15,000 residential units for private homes to be built and, next year the number of units will rise to around 17,000 units. Some of these houses are then rented out,” he says.

But, he doesn’t expect to see a decrease in rent prices due to the tight labor market or an ongoing demand for leasing for private apartments.

Property cool measures yet again

The most recent episode of EdgeProp’s month-long Real As State video series which was released on September 30th, focuses on the reasons behind the recent increase in rents within the marketplace. On the day the episode’s release the government declared the most recent series of property cooling measures at 11:11 pm.

This time the government’s intervention is designed to ease the burden of higher interest rates and reduce house prices.

Two fresh measures are notable for the rental and public housing market. For property loans provided through private institutions Singapore’s Monetary Authority of Singapore will raise the interest rate for the medium-term ceiling that is used to calculate the total debt-to-debt ratio (DSR) and the mortgage service ratio (MSR) by 0.5 percentage points.

In citing the “clear upwards trend in HDB price resales” The government has put in place a wait-out time that is 15 months long for residential private property homeowners (PPOs) as well as ex-PPOs who want to purchase a subsidised HDB flat for resale as a temporary solution to curb the demand and ensure that resales flats are affordable for those looking to buy flats and first-time buyers.

The new wait-out timeframe is not applicable to seniors who are 55 or over (and partners) in the process of moving out of their own property to an apartment with four rooms or a smaller apartment.

Wait-out time

Christine Sun, senior vice-president of research and analytics for OrangeTee & Tie, says that the 15-month wait-out time “may slow the market down for a time and slow the rate of price rises for these larger flats to a certain degree and also give young couples a better chance at finding these homes with less competition”.
Tricia Song, the head of research Southeast Asia, CBRE, states: “We believe the 15-month delay in the waiting-out period can actually in the development of the rental market, both for public and private housing, particularly since more housing completions are scheduled to come through in 2023.”

But Mak proposes a new viewpoint: The buyers who are exempt from the waiting-out period will be required to lease the property for at minimum 15 months. “This will boost the demand for residential rentals in the market, which will lead to greater growth in rental,” he says.

“The current set of cooling measures are likely to affect the market for public housing including the modification of the MSR and the waiting period of 15 months” Sun says. Sun. Sun adds that it will be the first time significant cooling measures are introduced in the public housing market. There may be a bigger knee-jerk reaction later on.