JLD is progressing really fast. There is a Devan Nair institute under constructionOriginally Posted by Ringo33
JLD is progressing really fast. There is a Devan Nair institute under constructionOriginally Posted by Ringo33
what is the devsn nair institute for? alcohol rehabilitation?Originally Posted by Lovelle
...just like EPL football managers....Regulator is The One.........Originally Posted by westman
Here is a snap shot of what is coming up in the coming months and years
this place is in the 1,500psf league. compare to kallang river is far far behind.Originally Posted by Ringo33
the 2 old block number 201/202 in front of MCLand is a turn-off.
Rotfl .......Originally Posted by Regulators
http://www.e2i.com.sg/about-us/devan...-employability
"Located in Jurong Lake District, the seven-storey Devan Nair Institute for Employment and Employability, will be THE marketplace for workers, employers and training providers so as to create better jobs and better lives for workers."
wonder which developers or company will be bidding for the commercial site next week?
http://www.ura.gov.sg/sales/VentureA...n%28CL%29.html
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Venture Ave bid looks very aggressive. developers gunning for commercial play now.Property consultants expect the site to draw five to eight bids. Jones Lang LaSalle, DTZ and CBRE all forecast the winning bid to be $700-$800 per square foot per plot ratio (psf ppr).
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
indeed aggressive with psf ppr above $1000.Originally Posted by Ringo33
2010 - Jem site $650
2011 - Westgate site $1012
westgate is understandable because they have a huge retail element to justify for the high price.Originally Posted by Pro888
But for this project >$1000psf and Sim Lian, most likely they will sell it as strata commercial space
Looks like the big boys are all coming out to play. FEO, Keppel land and who else?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
The commercial site at Venture Avenue received a total of nine bids at the close of tender Tuesday, with a top bid amounting to S$701.08 million, the Urban Redevelopment Authority (URA) said.
The site has a total area of 11,528 square metres, with a maximum permissible gross floor area (GFA) of 64,562 square metres.
The top bid by Sim Lian JV (Vision) Pte Ltd equates to S$10,858.99 per square foot (psf) of GFA. The lowest bid at S$353.0 million, submitted by New Empire Investments Pte Ltd and Intrepid Investments Pte Ltd, valued the site at S$5,467.61 psf of GFA.
“The bid price sets a new benchmark for suburban commercial land. Bidder interest was very healthy with nine bidders, with at least six bids higher than S$800 psf ppr, outsripping expectations. Buoyed by the upcoming developments in the Jurong Lake district, the developers’ confidence is reflected in the bids submitted,” said Desmond Sim, associate director at CBRE Research.
The plot is located within Jurong Gateway, identified to be a key commercial hub in the West. URA’s concept plan provides for a mix of office, retail, residential, hotel, entertainment and F&B uses.
It was launched for public tender on 19 December 2012. The site was offered for sale on a 99-year lease term.
“Top bidder Sim Lian’s bid is 9 per cent over the second highest. At a bid price of S$1,009 psf ppr, the developer is expected to develop a strata titled commercial development to support current levels, assuming a breakeven of S$1,800 – S$1,900 psf,” Sim said, adding that demand for strata titled commercial units remain unabated despite the recent property cooling measures.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Wow this is mainly an office building and the bid psf is higher than the retail/office building. The developer is really aggressive and positive. Huat ah!
commercial property hasnt been cooled yet, so developers is looking at commercial property play.Originally Posted by Allthepies
FEO again has under estimated the smaller boys in JLD.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Over $2k psf for commercial in Jurong. Looks like DBS bought their stake in MBFC cheap at around $2600psf.
Jobs Jobs and more Jobs..
Halliburton opens new tools manufacturing facility in Singapore
http://www.channelnewsasia.com/stori...260812/1/.html
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
Posted on 04 Apr 2013
•All 241 shops in the 76,000 square metre mall have been leased ahead of its opening in Q2 2013.
•Jem® houses the first suburban outlets of international brands, including H&M, Books Kinokuniya and Victoria’s Secret.
•The crown jewel of the West offers a convenient city shopping experience as it is connected to the Jurong East MRT station.
Jem® by Lend Lease, Singapore’s 3rd largest suburban mall located in Jurong East, achieved 100% leased status for its 241 shops today.
The mall boasts a stellar line-up of fashion, beauty, food & beverage and lifestyle tenants which have chosen to locate their first suburban outlet in Jem®. These include international and homegrown brands such as Robinsons, H&M, Victoria’s Secret, Shu Uemura, Paris Baguette, Marché Bar & Bistro, Spageddies, Shin Kushiya and Books Kinokuniya.
Robinsons and H&M take prime spots in the mall with extensive shopfronts that cut across four and three levels of the mall respectively. Alongside these two anchor tenants, Cathay Cineplexes promises a premium theatre experience with ten screens that include two Platinum Suites, while Marks & Spencer and UNIQLO also boast double-storey stores to add to the amalgamation of fashion, lifestyle and entertainment options at Jem®.
“We are elated to achieve 100% tenancy well ahead of the mall’s opening. With Jem’s vibrant retail mix, we are poised to offer shoppers a unique experience comparable to shopping in the city, right at their doorstep,” enthused Mr Chris Brown, Development Director of Jem®.
Mr Afif Haddar, General Manager, Store Operations, from Sephora, one of the brands setting up its first suburban outlet in Jem®, said, “We chose to set up our first suburban outlet in Jem® because the mall’s positioning as a suburban mall that offers a downtown shopping experience appealed to us. We are confident that this unique quality of Jem® will facilitate our plans in extending our international brand experience to shoppers of new demographic groups.”
Hiroshi Sogo, Group Managing Director of Books Kinokuniya Pacific Asia, shared the significance of the brand's new outlet at Jem®. “Our new store at Jem® marks a double celebration for Kinokuniya Singapore. It is the first time in 14 years that we are opening a new bookshop and it also serves to highlight our sustainable growth strategy as we commemorate our 30th anniversary in Singapore this year. With Jem's prime location at Jurong Gateway and its strong retail mix, we believe our store at Jem® will enable us to serve more book and magazine lovers for many years to come.”
On the beauty front, global cosmetics stores Victoria’s Secret and Shu Uemura are also expanding their foothold to the Western part of Singapore, with the latter opening its first suburban standalone store at Jem®. Victoria’s Secret’s store interior features sophisticated elements such as black cherry fixtures, lit focal walls, a gallery of iconic black and white imagery, and a video wall featuring Victoria’s Secret Supermodel video footage, showcasing products in an environment that is sexy, sophisticated and forever young.
Popular restaurant chains such as Marché Bar & Bistro, Din Tai Fung, Imperial Treasure Seafood Restaurant and Sushi Tei have also chosen to open new outlets at Jem®, offering their menu of delectable dishes that many have come to love. Marché Bar & Bistro will be bringing an exquisite selection of freshly prepared food and beverage to Jem®. Both wine and beer lovers will enjoy the quality wine and German beer selection specially imported by Marché.
For everyday lifestyle needs, shoppers can look forward to seeing household brands such as FairPrice Xtra, Cookhouse by Koufu, as well as global lifestyle products store MUJI.
With its wide spectrum of retail offerings and direct connection to Jurong East MRT station, Jem®, located at 50 Jurong Gateway Road, is slated to take shopping in the suburbs to a whole new level when it opens in Q2 2013.
Orchard Road of the suburbs
http://www.asiaone.com/News/Latest+N...10-421524.html
By Atalia Chua
My Paper
Friday, May 10, 2013
SINGAPORE - In a matter of weeks, residents in the west of Singapore will get a swanky new mall.
Connected to Jurong East MRT station, Jem will open to the public officially on May 29.
The 818,000 sq ft worth of retail space will host a plethora of retail and food stores - 241 to be exact. Most of them sport names commonly found in the Orchard Road shopping belt.
The anchor tenants are Robinsons and Swedish fashion brand H&M, which are spread over four and three storeys respectively.
Both are setting up an outlet in a suburban mall for the first time.
Lingerie brand Victoria's Secret, Japanese bookshop chain Books Kinokuniya - which is opening a new store in Singapore after 14 years - and beauty and cosmetics shop Sephora are also setting up their first suburban outlet here.
Japanese lifestyle store Muji and fashion retail stores Mango and Topshop will also be opening their first outlet in the west of Singapore. Making their debut in the area as well are department store Marks & Spencer and Japanese fashion retail store Uniqlo, each boasting two-storey premises.
As for food, shoppers' appetites will be whetted by gourmet offerings from Marché Bar & Bistro, Imperial Treasure Seafood Restaurant, Sushi Tei, Din Tai Fung and popular South Korean bakery Paris Baguette.
Cathay Cineplexes will be running 10 screens in the mall, while the FairPrice Xtra supermarket will cater to shoppers' grocery needs.
Jem is set to be the third-largest suburban mall here, after Jurong Point and nex mall in Serangoon Central.
According to the development director of Jem, Mr Chris Brown, the mall is 100 per cent leased.
Referring to the mall's positioning as the "Orchard Road" of Singapore's suburbs, he said: "We aim to offer a unique shopping experience comparable to shopping in the city. (To achieve that) Jem's retailer mix (has to) consist of brands usually found in the city."
To further bolster a "downtown shopping experience", Jem Street, a two-storey lifestyle zone in the mall, will offer streetside shopping, similar to that of Discovery Walk at 313@somerset, and al fresco dining, he said.
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
this must be the view from the very tall HDB flat at Teban. Hows the view over the JLD district golf courses?
"Never argue with an idiot, or he will drag you down to his level and beat you with experience."
The four new ERP gantries will cause quite a bit of damage for people staying around here.