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Business Times
05-08-2025
- Business
- Business Times
SG60: Singapore transformed
OVER 60 years, Singapore's real estate landscape has developed in ways and forms that document the nation's growth. In these pages, we feature home-grown developers, builders and property agencies that shaped the nation's stories. We also look ahead to our next chapter being mapped out in the new Draft Master Plan, delve into how property valuation is evolving with increasing market sophistication, and trace how the housing market moved against a backdrop of continually stepped-up cooling measures. Singapore's skyline has evolved greatly in the past 60 years. PHOTO: ADOBE STOCK Read how Far East Organization is inspiring better lives by creating community-centric, inclusive, and sustainable spaces, while IOI is shaping the next phase of Marina Bay, where it's setting benchmarks in next-generation workplaces and urban living. Trace Singapore's history through the eyes of home-grown giant Hong Leong, and learn how GuocoLand balances commercial goals with thoughtful design in transforming the Republic's built environment. UOL builds on its legacy with a design-led, sustainability-focused approach. Ho Bee Land's story is closely entwined with Singapore's urban evolution, from bold moves in Sentosa Cove to trailblazing developments in one-north. F&N and Frasers Property blend heritage and global ambition over a century of shared legacy. Mapletree shares how its strategy powered its rise from a local enterprise to a global real estate player. ERA is helping generations of Singaporeans find their dream home. As Singapore turns 60, PropNex celebrates 25 years of growth and giving back to the community. Expand Construction's journey mirrors the nation's growth and ambition, whether it's building HDB blocks that house most Singaporeans or iconic landmarks. Daikin Singapore brings smarter cooling systems that meet the needs of a warming world with sustainable living solutions. Millennium 3 reflects on the grit, teamwork and vision behind the builder's growth. China Construction has grown into one of Singapore's most awarded builders, shaping the city through homes, infrastructure, and innovation. As we look forward to the next 60 years, let these Singapore stories enlighten and inspire us.
Business Times
05-08-2025
- Lifestyle
- Business Times
Inspiring better lives
AS SINGAPORE celebrates its 60th year of independence, it's an opportunity to reflect on the places that shape daily life. From homes and offices to lifestyle precincts and conservation projects, Far East Organization has contributed to Singapore's evolving landscape by creating spaces where people live, work and foster relationships. One Holland Village offers a clear example of how Far East Organization's philosophy of creating spaces that promote community and a sense of belonging comes to life. Opened in late 2023, the mixed-use development blends Holland Village's historic charm with contemporary design, prioritising openness, accessibility and inclusivity – features that cater to the needs of a diverse community. This focus on building vibrant, inclusive spaces has guided the Organization through more than 780 developments. Its strength lies not in scale but purpose: to 'inspire better lives' by enriching communities and contributing meaningfully to Singapore's urban fabric. More than just buildings One Holland Village: Vibrant community, thoughtful design One Holland Village. Nestled in one of Singapore's most vibrant neighbourhoods, One Holland Village brings together different functions to enhance daily living. The residential component houses three concepts: Sereen, apartments for those who value tranquillity and well-being; Leven, low-rise, heritage inspired homes; and the well-appointed Quincy Private Residences, which sits atop the Quincy House serviced apartments. The office, retail and community zones were designed with both flow and flexibility in mind. The open-air layout, with gently scaled building heights, invites pedestrians to move through the space naturally, blending indoor and outdoor areas in a way that respects the rhythms of the neighbourhood. Public art installations by artists such as Jahan Loh and Ripple Root are part of a larger art trail incorporating art pieces displayed throughout the development, creating opportunities for visitors to engage with art as part of their daily experience. To bring the community together, the mall regularly hosts a wide array of events and programmes. These include seasonal highlights such as the iconic annual International Pet Day, Christmas market, family-oriented activities like bouncy castles and tenant-led performances, and collaborative community events with local government constituency offices. Visitors can also enjoy live music through regular busking performances supported by the National Arts Council, along with exclusive guest performances by international artistes. The Reserve Residences: Elevating everyday living The Reserve Residences & Bukit V. Set against the backdrop of Bukit Timah's natural landscape, The Reserve Residences is part of the integrated development that brings together nature, commerce and community in one thoughtful development. With direct access to Beauty World MRT Station and the upcoming Bukit V mall, this mixed-use precinct offers seamless connectivity while enhancing everyday convenience. The Reserve Residences comprises a wide selection of homes, from well-appointed one- to three-bedroom apartments to spacious four- and five-bedroom homes that cater to growing families and multi-generational living. Its commercial component, Bukit V mall, adds a vibrant dimension to the area with its curated mix of retail, wellness and enrichment tenants designed to meet the diverse needs of families and individuals in the neighbourhood. Public atriums, naturally ventilated walkways and terraced decks with lush plantings encourage interaction and movement, making the mall feel open, connected and alive. Woods Square: Rethinking the workplace Further north, located in the heart of the Woodlands Regional Centre, Woods Square is the first integrated commercial development in the area, a first-mover positioned to bring community-centric thinking to the workplace and supporting Singapore's northern transformation plans. Comprising four office blocks, including two Small Office Loft Office (SOLO) blocks, Woods Square offers offices for sale and lease. The SOLO units feature high ceilings and versatile layouts, catering to start-ups and small- and medium-sized enterprises (SME) looking for compact non-conventional workspaces. Woods Square is directly connected to Woodlands MRT Station (North-South and Thomson-East Coast Lines) and the bus interchange via Causeway Point, with proximity to key expressways and the future RTS Link to Johor Bahru. Nature is embedded throughout Woods Square, via rooftop pavilions, landscaped terraces, and a naturally ventilated atrium that promotes wellness and creativity. Amenities such as a childcare centre, gym, retail and F&B outlets further enrich the workday experience. Awarded the BCA Green Mark GoldPlus, Woods Square was designed as an 'Office in the Park,' reflecting the Organization's approach to sustainability and placemaking. According to a Knight Frank survey, there is a growing preference for shorter commutes, lifestyle integration, and decentralised office locations. With over a third of respondents naming Woodlands as Singapore's most exciting regional centre to work in, the development stands out as a strategic and future-ready workplace investment. Honouring the past, reimagining the future Aurea: Redefining iconic urban living Golden Mile Singapore (Artist's Impression). As part of the Golden Mile Singapore mixed-use development, the 45-storey residential tower Aurea represents a bold vision for next-generation city living. Rising alongside the conserved building, The Golden Mile, an iconic landmark known for its distinctive Brutalist architecture, Aurea showcases how contemporary design can respectfully build upon heritage while offering forward-looking urban lifestyle in a transformative precinct. With 188 exclusive units, Aurea offers panoramic views of the city and bay, sky gardens and a full suite of lifestyle amenities across three lushly landscaped levels. These include private dining spaces, tranquil lounges, pools and a gym. Drawing from the character-defining elements of the original Golden Mile Complex, such as the oculus windows, strong linear bands and the 'Hanging Gardens' concept, Aurea thoughtfully reinterprets these features through its shared spaces and facilities; elevating liveability and wellness with its Bungalows in the Sky. Aurea is seamlessly integrated with The Golden Mile via a link bridge, forming part of a visionary mixed-use development designed to support a vibrant and well-connected urban community. The Golden Mile will be conserved and refreshed as a commercial component featuring strata offices and medical suites, and a developer-managed retail mall, bringing together the essentials of work, health and leisure in one well-connected destination. As part of the Urban Redevelopment Authority (URA)'s Community/Sports Facilities Scheme (CSFS), an Architecture Centre will be established within The Golden Mile to celebrate the past, present and future of Singapore's built environment. This new public venue will promote awareness of Singapore's architectural and built heritage and serve as a learning space for residents and visitors alike. Golden Mile Singapore is a joint venture between Perennial Holdings Private Limited and Far East Organization. Enabling communities, beyond properties Chef X: Turning passion into opportunity Chef X Launch in April 2024. Far East Organization's belief in nurturing communities goes beyond bricks and mortar. With initiatives like Chef X, the Organization offers home-based chefs the opportunity to learn and grow their culinary ambitions, while delivering a vibrant dining experience for the community. Launched in April 2024, Chef X supports aspiring chefs, many of whom began cooking from home during the pandemic, by providing a short-term commercial restaurant residency of 4 or 8 weeks. This real-world experience allows them to test their culinary concepts, build operational confidence, and engage with diners. Agape Services: Empowering everyday lives Agape Services. Far East Organization's commitment to community includes creating opportunities for those often overlooked. Through its social enterprise, Agape Services, the company supports vulnerable job seekers including ex-offenders and persons with disabilities with meaningful employment in roles like cleaning and laundry services. By equipping them with practical skills and renewed confidence, Agape Services reflects the Organization's belief that community-building must be inclusive. And each empowered life shows that a business can do well by doing good. Always evolving with Singapore Marking 60 years of Singapore's independence, Far East Organization's journey mirrors the nation's own evolution. Its developments, ranging from heritage revivals to lifestyle hubs and decentralised commercial centres, have contributed to shaping both the city's skyline and its communities. Looking ahead, Far East Organization remains committed to shaping spaces where communities flourish, and where people can live, work and connect for generations to come. Building for the future FAR East Organization's approach to sustainable, community-driven development: Inclusive design: Developments like One Holland Village are open, inclusive and welcoming, with thoughtful amenities that reflect evolving lifestyles and encourage community interaction. Heritage renewal: Developments like Aurea and The Golden Mile blend iconic architectural elements with contemporary liveability, preserving identity while enabling progress. Decentralised growth: Woods Square supports Singapore's strategy to grow vibrant regional hubs, reducing commute and promoting live-work balance in the heartlands. Green strategies: Designing for natural ventilation, landscaping and biophilic design creates cooler, healthier and more liveable spaces. Art and culture integration: Public art installations foster daily engagement and contribute to the vibrancy of Singapore's cultural landscape. Spaces for everyday life: From flexible workspaces and community areas, developments are designed to meet evolving lifestyle needs. Empowering people: Initiatives like Chef X and Agape Services reflect a commitment to inclusive community building. Far East Organization's key milestones 1960: Founded by the late Mr Ng Teng Fong, establishing a foundation for decades of contribution to Singapore's built environment. 1960s-1990s: Played a pioneering role in Singapore's private housing market and progressively expanded into commercial, retail, and hospitality sectors. 1999-2023: Garnered 14 FIABCI World Prix d'Excellence Awards for outstanding projects including Far East Square, Oasia Hotel Downtown and Silversea. 2019: Launched One Holland Village Residences for sale. Its pet-friendly mall, offices and community spaces opened in late 2023. 2020: Completed Woods Square, the first integrated commercial development in Woodlands Regional Centre, supporting Singapore's decentralisation plans. 2023: Launched The Reserve Residences, an integrated development in Bukit Timah anchored by the upcoming Bukit V mall and transport hub. 2024: Introduced Chef X at Clarke Quay Central, providing aspiring chefs a platform into the culinary world through short-term residencies. 2025: Announced the conservation and transformation of The Golden Mile and its adjacent new residential tower Aurea, bridging heritage and future-oriented design.
Straits Times
07-07-2025
- Lifestyle
- Straits Times
Marina Bay views, vibrant neighbourhood charm and easy city access: Live next to the rejuvenated Golden Mile Complex
With its sought-after location beside the Beach Road landmark, Aurea offers luxury residential living in the heart of a transforming urban district Located in a neighbourhood steeped in history and culture, Aurea offers a luxe respite, while being close to the pulse of the city. Adjacent to the Golden Mile Complex undergoing transformation, a new residential development is taking shape in an area where heritage shophouses sit alongside modern buildings. Here, residents will find themselves in the heart of a district that offers both established neighbourhood character and the conveniences of contemporary city living. Living here means stepping out of your front door to find yourself within walking distance of hip cafes, bustling hawker centres and green spaces along the Kallang River. When you need to commute to work, the Central Business District and the Civic District are just minutes away by car or public transport. That is what you can expect when living at Aurea, the new luxury residential tower by Far East Organization and Perennial Holdings, nestled in the heart of an ever-evolving cityscape. The surrounding area adds to the appeal, with culinary gems and cultural attractions within walking distance. Food enthusiasts will delight in the proximity to establishments such as The Coconut Club on Beach Road, Michelin-starred Hill Street Tai Hwa Pork Noodles on Crawford Lane and Birds of Paradise – Singapore's only gelato boutique to earn a Michelin Guide mention. For a taste of local heritage, Heap Seng Leong, a traditional 1970s Nanyang coffee shop, serves authentic breakfast fare including the signature black coffee with butter. The popular Golden Mile Food Centre is also steps away, featuring well-loved local stalls such as Chung Cheng Chilli Mee and Wen Li Taiwanese Food. There is an endless list of hidden, and not so hidden, gems for those in the know. Beyond dining, residents can explore the vibrant street art scene with murals along Muscat Street and Haji Lane, or visit art galleries and studios in the vicinity such as Mr Lim's Shop of Visual Treasures. This gallery includes curated art from both the local and international scene, and has been featured on publications such as The Straits Times, Lianhe Zaobao and Esquire. The vibrant Haji Lane is perfect for a weekend stroll to the shops and cafes in the area. PHOTO: GETTY IMAGES The area also offers easy access to green spaces with Kallang Riverside Park nearby, which links to Kallang Park Connector for those who appreciate a modern work-life balance and want to pursue a healthy, active lifestyle. Framed by the iconic Beach Road and the bustling Ophir-Rochor Corridor, Aurea is also close to the upcoming Kallang Alive hub for sports, entertainment and leisure activities as well as the Marina Bay business district, and the arts-cultural precinct of Bras Basah-Bugis and Orchard Road. The Marina Bay financial district is close by, making the commute to work an easy one. PHOTO: GETTY IMAGES Right next door, the development is connected directly to The Golden Mile via an elevated link bridge. When fully rejuvenated, The Golden Mile will comprise retail, offices and medical suites. Getting around the city is equally convenient. Drivers will appreciate the easy connectivity to major expressways including Nicoll Highway, East Coast Parkway, Kallang-Paya Lebar Expressway, and the upcoming North-South Corridor. But for a car-lite lifestyle, the Nicoll Highway MRT station is just a five-minute walk away. Low-density luxury with high-rise views Despite placing you near the city centre, Aurea offers a calm, relaxing living space, thanks to its many thoughtful touches and details. For one, the 45-storey residential tower has only 188 residential units. What this means: More privacy and exclusivity, and the promise of more investor-friendly units due to their limited numbers. Homes here have been designed to maximise light, space and functionality to cater to every family lifestyle. Spaces in each of the Prestige Collection two-bedroom homes at Aurea have been designed to maximise light and space, allowing you to plan your home layout as you desire. PHOTO: FAR EAST ORGANIZATION For instance, the Prestige Collection consists of two- and three-bedroom units ranging from 635 sq ft to 1,001 sq ft, maximises usable enclosed spaces with no balconies; a highly efficient layout offering homeowners optimal use of indoor areas. Instead, your home comes with wall-to-wall windows, with some units on the higher floors offering breathtaking views of the city or Kallang Basin. They have also been oriented to enhance light and cross-ventilation, with the kitchens and bathrooms in the two-bedder units designed to let in natural ventilation. Likewise, the kitchen-dining space is creatively integrated to offer a seamless activity zone for those who love hosting friends and bonding over homecooked meals. One home, a multitude of ways to enjoy urban life All around the development, residents can enjoy a fresh take on urban living in the tropics with Aurea's verdant landscaping and Zen-evoking shared spaces like rock and hammock gardens. The Dining Room on level 17 offers unblocked panoramic views of Kallang Basin and Marina Bay. PHOTO: FAR EAST ORGANIZATION Meticulously curated facilities are spread generously across levels three, 17 and 33 for greater privacy, including a well-equipped gym, a bouldering wall and an indoor lounge. The Dining Room on level 17 and the Sky Infinity Pool on level 33 offer unblocked panoramic views of Kallang Basin and Marina Bay, just the place to host unforgettable soirees against this amazing backdrop. In addition, viewing decks on multiple levels let residents soak in the picturesque scenery of their dream home. Enjoy panoramic bay vistas such as the view from level 15. PHOTO: FAR EAST ORGANIZATION With amenities spread across multiple levels, residents have various options for enjoying the surroundings. It is this combination of prime location, well-crafted design and distinctive amenities that sets Aurea apart in the area's changing landscape. From now till July 31, 2025, enjoy a limited-time promotion for two- and three-bedroom luxury homes starting from $2,629 psf*/$1.765 million*. Experience modern city living at the Aurea and The Golden Mile Sales Gallery – 10A Central Lane 1, Singapore 019927. For viewings and appointments, contact Far East Organization at 6534 8000, or visit . *Valid for the first 10 units sold from now until July 31, 2025. Psf and unit price shown are for different units. Subject to change without prior notice. Terms and conditions apply.
Business Times
27-06-2025
- Business
- Business Times
Far East Organization opens Amber House condo for sale with prices from about S$2,900 psf
[SINGAPORE] Far East Organization will be opening its Amber House project in the East Coast for sale on Saturday (Jun 28), with prices starting from S$1.9 million. Located along Amber Gardens in District 15, the freehold residential development comprises 105 units in a 16-storey tower. It spans a total land area of 3,801.4 square metres, with a gross floor area of 11,495.4 sq m and gross plot ratio of 2.8. Two-bedders sized 635 to 753 sq ft are priced from S$1.92 million or S$3,020 per square feet (psf). Prices start at S$2.9 million or S$2,960 psf for three-bedders, which span 980 to 1,238 sq ft; and S$5.13 million or S$2,940 psf for four-bedders sized 1,744 sq ft. Amber House is a redevelopment of the former Amber Glades, which the group acquired through a collective sale for S$118.1 million in March 2011. It was previously named Amber Sea and was expected to launch in October 2021, but this was put on hold in light of 'evolving market conditions' then. The group's deputy director of sales and leasing Michelle Tang had said then: 'We are reviewing the concept and planning for Amber Sea to ensure we deliver an enhanced residential development with enduring value.' 'As such, the launch of Amber Sea will be on hold to allow for further evaluation,' she added. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up In response to queries from The Business Times, Far East Organization's chief operating office of sales and leasing Shaw Lay See said the new Amber House has been conceived to reflect the 'evolving meaning of home'. 'In recent years, the way people live, work and connect has shifted, and Amber House is our response to this transformation,' she said. 'Every detail, from layout and architecture to lifestyle amenities, has been carefully designed to align with what homeowners value today,' she added. Recent launches in the area received mixed responses. In November 2023, the 99-year leasehold Emerald of Katong sold around 99 per cent of its 846 units over its launch weekend at an average price of S$2,621 psf. In July 2023, the 99-year leasehold Grand Dunman moved more than half of its 1,008 units at an average price of S$2,500 psf. A few months prior, the 99-year leasehold Tembusu Grand sold 53 per cent of its 638 units during its launch weekend, with prices averaging at S$2,465 psf. Meanwhile, the freehold The Continuum sold around 26 per cent of its 816 units on the launch weekend in May that year, at an average price of S$2,732 psf. Caveats data indicate that there are just four units remaining at Emerald of Katong, 221 units at Grand Dunman, 43 at Tembusu Grand, and 227 at The Continuum. Figures from URA Realis also showed that new sales of non-landed private homes in Amber House's vicinity transacted at a median price of S$2,943 psf in the past few months. Most recently on Jun 10, a 1,248.6 sq ft unit at the freehold Ardor Residence changed hands at S$2.8 million or S$2,230 psf. Meanwhile, sub-sales and resales of non-landed private homes in the area recorded a median price of S$1,877 psf in that time. The latest transaction was for a 1,442.4 sq ft unit at the freehold Haig Court for just under S$3 million or S$2,072 psf on Jun 13.
Business Times
05-05-2025
- Business
- Business Times
Daily Debrief: What Happened Today (May 5)
Stories you might have missed Singapore retail sales rebound in March, up 1.1% after prior dip [SINGAPORE] The Republic's retail sales rose 1.1 per cent in March, reversing February's 3.5 per cent decline, data from the Department of Statistics showed on Monday (May 5). Far East Organization puts Tuas asset with big redevelopment potential on the market [SINGAPORE] Far East Organization has put on the market a sizeable industrial property in Tuas with substantial redevelopment potential. Singapore dollar surges against US dollar as Asia currencies rally on trade hopes BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Asian currencies rallied on Monday on hopes of a thaw in the US-China trade war and regional tariff deals with the Trump administration. As T-bill, SSB yields fall, here's where to invest for higher yields: analysts [SINGAPORE] Yields are steadily declining, which is bad news for investors looking for a safe corner to park their cash. Gates Foundation to open office in Singapore – its 12th worldwide [SINGAPORE] The Gates Foundation – one of the world's largest private philanthropic organisations – will be opening an office in Singapore, said Bill Gates on Monday. Grab appoints Alejandro Osorio as new managing director for Singapore [SINGAPORE] Ride-hail and delivery giant Grab announced on Monday that Alejandro Osorio has been appointed as managing director of Grab Singapore.
