Last Prime Residential Development Site in Newton-Scotts Area, Singapore for Sale by Tender

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Last Prime Residential Development Site in Newton-Scotts Area, Singapore for Sale by Tender

CB Richard Ellis is pleased to announce the launch of public tender for Dunearn Gardens. 96 units of the 114 units, representing 83.39% of the share values, have signed the Collective Sale Agreement (CSA).

Singapore (PRWEB) October 31, 2007 -- The premier freehold residential development site is located along Dunearn Road, close to Scotts Road. It sits on 8,866.8 square meters (approximately 95,443 square feet) of prime land and boasts panoramic views of Orchard Road and the Central Business District.

The guide price is $578.5 million, which equates to about $2,288 per square foot per plot ratio, inclusive of a Development Charge estimated to be $32.9 million.

Under the Master Plan 2003, the maximum permissible plot ratio is 2.8 with a height restriction of 117 meter AMSL (approximately 33 storeys). Developers can also further utilize the additional 10% Gross Floor Area allowable for the provision of balconies, subject to the payment of Development Charge.

Dunearn Gardens was completed in 1992. There are 12 two-bedroom (807 - 828 square feet) apartments, 64 three-bedroom (1,227 - 1,248 square feet) apartments, 34 four-bedroom (1,646 - 1,668 square feet) apartments and 4 penthouses (2,443 square feet and 3,293 square feet) presently on the site.

Based on the $578.5 million guide price, owners can receive approximately $3.42 - $9.29 million depending on their unit types and sizes. The developer can build about 134 units assuming an average size of 2,000 square feet each.

The estimated breakeven is in the region of $2,900 per square foot.

"The Newton area has always been well sought-after amongst homebuyers and investors due to its excellent location and good schools nearby. With Newton MRT station slated to be the "interchange hub" for the upcoming Downtown Line, we expect housing demand to grow more strongly.

Moreover, with Elmira Heights and Gilstead View being sold via en-bloc earlier this year, Dunearn Gardens remains the last and only available large residential site in the locality," said Jeremy Lake, Executive Director of Investment Properties.

The Tender Exercise closes at 3 p.m. on 28 November 2007.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 * employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, CB Richard Ellis was named one of the 50 "best in class" companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune. Please visit our Web site at http://www.cbre.com.sg

* Excludes 4000 affiliates

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Press Contact: Chan Yee Yin
Company Name: CB Richard Ellis (Singapore)
Email: Email Us Here: http://www.prweb.com/emailmember.php?prid=565254
Phone: +65 6326 1252
Website: http://www.cbre.com.sg

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Major Real Estate Auction Set for 58 Acres of Prime Triad Area North Carolina Land on Nov. 26; Property Idealy Situated on Business I-85 in Jamestown Between Kivett Dr. And Riverdale Dr. Just Outside of High Point, Nc

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Major Real Estate Auction Set for 58 Acres of Prime Triad Area North Carolina Land on Nov. 26; Property Idealy Situated on Business I-85 in Jamestown Between Kivett Dr. And Riverdale Dr. Just Outside of High Point, Nc

Located across from Furnitureland south, worlds largest home furnishings showplace. reserve price only $995,000.

Jamestown, North Carolina (PRWEB) October 22, 2007 -- Wrennovation Development, LLC directs this one time only 4th quarter sale of 58 +/- acres of prime North Carolina land with 3140 feet of Business I-85 frontage, passing substantial savings on to new ownership. The property is located in Jamestown, NC just outside of High Point in the heart of North Carolina’s Triad area, across from Furnitureland South, the world’s largest home furnishings showplace with over one million square feet of space and thousands of visitors per year.

Jason Dolph of Chartwell Auctions, stated, “With the allure of this central North Carolina location and the desperate need for development to sustain the amount of activity in the immediate area, new ownership is sure to prosper. With a reserve under $17,200 an acre, acquiring this property just makes since no matter what your use may be.”

Originally conceived for a multi-use retail and hospitality complex to fill a current void left next to such a heavily visited location in the state, an abundance of planning and due diligence material has already been compiled. Bidder information packets available through Chartwell Auctions include a current site plan and engineered concept plan for review, 2007 environmental phase 1 report, recent soil testing analysis, and a detailed traffic analysis report saving new ownership thousands of dollars.

The auction will be held at the Hampton Inn Greensboro Airport Hotel, located at 7803 National Service Rd., Greensboro, NC 27409 on Monday, November 26, 2007 at 1:00 P.M. Registration begins at 12:00 P.M.

For a free color brochure on the November 26th Real Estate Auction with Terms of Sale you can call Jason Dolph with Chartwell Auctions at 704-831-8983. Who wants to pay a retail price for real estate, when they can buy on a wholesale basis at auction?

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Press Contact: Jason Dolph
Company Name: Chartwell Group
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Phone: 704-831-8983
Website: www.chartwellgroup.com

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Pullman Bangkok King Power Hotel Opens

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Pullman Bangkok King Power Hotel Opens

Pullman Bangkok King Power, the city's hottest new property catering to a modern urban clientele, is poised to revolutionize Bangkok's accommodation sector with stunning architecture and interior design, new technologies and upscale meetings and business facilities.

Bangkok (PRWEB) October 20, 2007 -- Pullman Bangkok King Power, the city's hottest new property catering to a modern urban clientele, is poised to revolutionize Bangkok's accommodation sector with stunning architecture and interior design, new technologies and upscale meetings and business facilities.

The 386-room Pullman Bangkok King Power offers contemporary accommodation in four room categories with all rooms offering a unique set of benefits according to room type included in the rate. In-room facilities include interactive TVs offering satellite programmes and fast internet access and an e-check-in tool on the hotel's website.

According to Accor Asia Managing Director Michael Issenberg, Pullman Bangkok King Power brings a fresh perspective and attitude to accommodation in Bangkok.

"The hotel looks and feels unique. There is an excitement when you walk through the public areas, restaurants and rooms. It has a great design aesthetic that runs through the entire development. But Pullman Bangkok King Power is not only stunning in appearance, it is also very functional and user friendly which will make it popular with both MICE planners and corporate clients." Issenberg said.

"High end incentives, corporate meetings and conferences will be a growing segment for Pullman Bangkok King Power as it establishes itself very quickly both in domestic and overseas MICE markets," Issenberg said.

Pullman Bangkok's main Ballroom can accommodate over 1,000 persons supported by "state of the art" audio video technology. These "smart" venues were conceived and built to attract the MICE market and particularly up market MICE events. The hotel promises acknowledgement of corporate requests within 45 minutes and will provide a tailor-made package in less than 24 hours.

Mr Issenberg also noted that Pullman Bangkok King Power's other strength was its dedication to 'new generation' business facilities catering to an increasingly demanding and tech savvy market.

"Pullman Bangkok King Power has been developed to cater to a new generation of corporate clientele. The owner and the management team intend to "think ahead" of guest expectations and Pullman Bangkok King Power has established pro-active procedures in terms of service and catering to road weary corporate travellers," Issenberg said.

Pullman Bangkok King Power offers an Executive Floor supported by the hotel's Executive Lounge where guests enjoy exclusive check-in and check-out priveleges. This valued added service extends to Bangkok Suvarnabhumi Airport, where they will be given exclusive access to the King Power Executive Lounge at Suvarnabhumi Airport.

Located in central Bangkok, Pullman Bangkok King Power blends the convenience of a city hotel with a modern design. The hotel is attached to the new King Power Complex on Rangnam Road, close to the Victory Monument, and within walking distance to an emerging shopping, dining and entertainment enclave that is attracting affluent young professionals and families. This prime city location offers access to two BTS Skytrain stations within walking distance and easy access to Bangkok Suvarnabhumi International Airport via two expressway entrances.

The hotel's restaurants and bars serve a range of genuine Thai, Asian, European and Californian cuisines. Extensive shopping options and dining outlets are also available at the adjacent King Power Duty Free complex.

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Press Contact: Tom Racette
Company Name: Pullman Bangkok King Power Hotel
Email: Email Us Here: http://www.prweb.com/emailmember.php?prid=562597
Phone: +66 2 680 9999
Website: http://www.pullmanbangkokkingpower.com

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Low-Entry Land Prices Grab Investors Attention at Yucatán Greens, Mexico

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Low-Entry Land Prices Grab Investors Attention at Yucatán Greens, Mexico

The five star golf and beach resort at Yucatán Greens in Mexico is offering the kind of early-entry first phase release prices that all land investors seek in order to gain maximum returns on their investments.

(PRWEB) October 10, 2007 -- Superbly located on the Yucatán Peninsula, near Cancun, the Yucatan Greens project is underway to create a luxury self-contained resort, combining the latest of ecotourism standards with a full range of on-site facilities and a new 27-hole golf course. Land plots are currently available at well below market value prices.

Bernardo Retana, Director of Investment Product and Development at the International Property Investment Network (IPIN), states, "We strongly believe that buying land here offers great growth potential whatever your intended investment strategy. Whether you choose to sell on the land prior to construction, build a villa on it to sell upon completion, or simply let the property over a period of years, you will be gaining maximum profits from your investment."

The extremely low entry prices are the earliest opportunity to buy, prior to official international launch. In fact, compared with similar neighbouring developments, prices are clearly under market value: eg. on a similar nearby golf resort with 18 holes of golf, plots of 600m2 are for sale at 103,000 USD, while Yucatán Greens with 27 holes of golf is currently offering the same amount of land for a mere 60,000 USD. Meanwhile, overseas investors are all the more interested as this affords an opportunity to take full advantage of the weak dollar, allowing money to go a good deal further.

Bernardo Retana continues, "Buying at the earliest possible point of sale of course allows investors to profit not only from below market values and high growth, but also to choose from the very best first and second line plots available, right from the start; everyone knows the importance of location when buying and selling land and real estate and Yucatán Greens offers a prime opportunity to choose the best from the very beginning." Having undergone the IPIN strict due diligence procedures, this land already comes with full planning permission and has been passed as a secure early investment opportunity that enables the highest possible growth.

The resort is located within a well-established but growing tourist region of Mexico where visitors come to enjoy its laid back Caribbean lifestyle, along with a tropical climate, golden sandy Gulf of Mexico beaches and ancient Mayan influences. Land purchase on such a luxury beach and golf paradise in this particular region is of course widely considered to be a highly valuable investment. Currently the Yucatán Peninsula attracts a considerable influx of Canadian & US visitors -- all likely candidates to fuel today's wise investments at Yucatán Greens.

All discerning property investors realize the importance of taking advantage of the most lucrative real estate opportunities as soon as they arise, before they become common knowledge. The International Property Investment Network (IPIN), operated by Property Showrooms, helps all types of investors in their quest to access up-to-the minute information on the very latest investment opportunities in the worldwide property market today.

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Press Contact: Press Dept
Company Name: Propertyshowrooms.com
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