SingHaiyi is a fast-growing real estate company with access to opportunities in Asia and the US. The company is listed on the Singapore Exchange and headquartered in Singapore.
SingHaiyi develops residential properties in Singapore, where its expertise extends across both public and private residential properties. Last July, it launched The Vales, a 517-unit executive condominium (EC) located on Anchorvale Crescent. The development is targeted for completion in 2017. Its other projects include CityLife@Tampines and Pasir Ris One, which were completed in 2016 and 2015 respectively.
Apart from its residential property development business, SingHaiyi also holds stakes in two commercial properties. They are TripleOne Somerset and Park Mall, which are located near the Somerset and Dhoby Ghaut MRT stations respectively and situated along the prime Orchard Road shopping belt.
TripleOne Somerset, a 17-storey commercial property comprising two office towers with two floors of retail space, is expected to undergo asset enhancements, which include enhancing the retail podium, creating sheltered connectivity to the Somerset MRT station and strata- titling the office space for sale where feasible.
Park Mall, which was acquired by SingHaiyi last year, will undergo redevelopment to optimise its value through the strata sale of the individual units and/or the leasing of the units for recurring income. The new building will be a mixed-use development comprising Grade-A offices, a lofty drop-off entrance and ancillary retail spaces.
In addition to its Singapore portfolio, SingHaiyi holds real estate assets in the US and Malaysia. It has two ongoing developments in the US, namely 5 Thomas Mellon Circle in San Francisco and Vietnam Town in San Jose, California. SingHaiyi also owns Tri-County Mall, a freehold retail mall in Cincinnati, Ohio that houses large retailers such as Macy’s and Sears. In Malaysia, the group has invested in a portfolio of high-quality, yield-accretive retail and commercial properties located across prominent locations in the country.
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The Vales is one of the five bestselling EC projects (excluding new launches) in March and April (The Edge Property, “Buyers return after waiting on the curb”, May 5), with at least 62 units sold at an average price of $790 psf. Located a short walk to Sengkang MRT station and Compass One, The Vales offers a home in a premium location at value price. It is also within a 1km radius of popular schools such as Nan Chiau Primary School and CHIJ St Joseph’s Convent.
With facilities such as an aqua deck, lap pool, spa pool, family pod, cabana, water play area, family pavilion, outdoor fitness, tennis court and jogging path, the EC is a tranquil retreat to satisfy family entertainment needs.
SingHaiyi is offering “star buy” units with prices starting from $600,000 for two-bedroom units and $690,000 for three-bedroom units. The development’s location and facilities, coupled with its attractive price tag, have led to buyers snapping up 60% of the units since its launch.
Launched in late 2012, CityLife@Tampines was the first luxury hotel-style EC project in Singapore with personal home concierge service. The development was fully sold and completed early this year.
CityLife@Tampines is a stone throw’s away from the Tampines MRT station and popular malls such as Tampines Mall, Tampines One and Century Square. Its hotel-inspired facilities include a 100m infinity pool, resort-style landscaping and curated designer-brand fittings and appliances. In 2013, the development was awarded the Green Mark Gold Plus by the Building Construction Authority for its sustainability efforts and focus on eco-friendly green spaces.
Pasir Ris One is a condo-style public residential project developed under HDB’s Design, Build and Sell Scheme in April 2012. It was completed in May 2015, with 95% of 447 units sold so far.
The development is located next to the Pasir Ris MRT station and White Sands Shopping Centre. It comprises four medium-rise blocks that feature clean and contemporary architectural details. Currently, Pasir Ris One has four-room units available for selection, with prices starting from $593,800.
SingHaiyi Group Ltd.
81 Ubi Avenue 4 #02-20 UB.One
Singapore 408830
(65) 6533 9023
This article appeared in The EdgeProp Pullout Issue 730 (May 30, 2016) of The Edge Singapore.