Age Realty Network has developed a brand-new luxury homes division that concentrates on Good Class Bungalows (GCBs) as part of a move to reinforce its visibility in the resources markets as well as financial investment sales (CMIS) field.

The new division will certainly be helmed by Douglas Wong and also Gladys Foo, who take on the functions of elderly supervisor and director of CMIS, high-end houses, specifically. To day, he has marketed about one million sq ft of GCB land valued at concerning $1 billion as well as sold around 73 GCB systems, ERA says in a June 7 press release.

The Reserve Residences Will Be Located near Bukit Timah Nature Reserve, One of Singapore’s Most Scenic Natural Areas

The Reserve Residences is a brand new condominium development in the heart of Singapore’s central business district. The Reserve Residences offers a prime location near several major expressways and is conveniently linked to a multitude of amenities. Nearby is the Bukit Timah National Park, which will encourage residents to enjoy a healthy lifestyle. A variety of walking routes, as well as nearby facilities, will allow residents to exercise and get the exercise they need.

The Reserve Residences are a brand new residential development in far eastern Singapore. It will include 865 private units and 400 square meters of retail space. It will be located near Bukit Timah Nature Reserve, one of Singapore’s most scenic natural areas. A consortium led by the Sino Group won the bid to develop the project, which could cost as much as $1 billion. However, many doubt whether the project will be completed on time, due to the high land cost and headwinds in the construction industry.

The Reserve Residences Far East concept tender is a multi-phase development project in the Mountbatten area. It must incorporate public amenities, pedestrian networks, and high-quality interiors. If the concept is selected, it will move on to evaluation phase. The award will be made later. Construction is expected to start around 2022. The Reserve Residences will be part of the GLS for H1 2020 initiative, which was launched by the Urban Redevelopment Authority.

Foo has 17 years of experience in the real estate industry, including 10 years concentrated on serving high net-worth people (HNWI) in the ultra-luxury market. She has actually dealt with Wong for 16 years in the GCB sector.

Marcus Chu, CEO of APAC Realty and also ERA Asia Pacific, claims the firm sees possible in the GCB sector as well as wants to utilize its data source of ultra-HNWI people. “Together with the CMIS department, we look for to continue providing specialist solutions to our customers and transform our organisation into an expert working as a consultant and also agency firm,” he states.

Age’s CMIS division has likewise set up a work area and also culture group, headed by director of CMIS Desmond Lim. The team will concentrate on commercial as well as business leasing. “The group will acquire marketing consultations, manage marketing journeys and also collaborate with all ERA relied on advisers to market areas and also raise their exposure as well as chances in business space sector,” adds Chu.