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http://skyrisecities.com/news/2017/01/woods-bagot-designs-new-student-accommodations-tower-brisbane
Woods Bagot Designs New Student Accommodations Tower in Brisbane
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Following a pattern of Asian investment, Singapore-based developer Wee Hur has submitted a development application to the city of Brisbane for a new 918-room student accommodations building. The proposed 38-storey tower would rise on an assembled site at addresses 71-97 Turbot Street and 62-80 Ann Street with a design by the world-renowned practice Woods Bagot.
71-97 Turbot Street, image via Woods Bagot
The existing buildings on the site are substantially different in scale and use. The property houses several distinct structures, including an eight-storey office building dating back to 1969, and a two-storey masonry office building that was formerly occupied by the Brisbane Fruit and Produce Exchange. Taking into account these previous uses, the development will be separated into two phases, with the tower taking shape first, followed by the restoration of the existing heritage building.
The proposal put in context, image via Woods Bagot
Renderings of the project show a verdant tower with glass implements and wall vegetation. The rectilinear building will come with a suite of communal facilities, including a large open terrace on the second level towards Turbot and a second terrace one storey above towards the rear. Retail will be provided at ground level and a sky terrace will be positioned on the 24th floor. Other amenities will congregate on the second floor, with a theatre, music room, study area, and recreation area all proposed.
Artist' s impression of the internal courtyard, image via Woods Bagot
It' s early days for the development, so the scheme will likely undergo changes as the planning department considers the application. We' ll continue to follow the project as is makes its way through the planning process. In the meantime, additional images and information can be found in the Database file linked below. Want to get involved in the discussion or share your photos? Check out the associated Forum thread or leave a comment at the bottom of this page.
| Related Companies: | Wee Hur, Woods Bagot |
Wee Hur to sell Brisbane CBD property for $68 mil
By PC Lee / theedgemarkets.com.sg | December 30, 2016 : 8:29 AM MYT
Translated by Google Translator:
Select Language ▼ SINGAPORE (Dec 30): Wee Hur Holdings is selling a plot of land in the Central Business District of Brisbane, Australia, for A$65.1 million ($67.8 million).
The plot of land is part of the existing office building and an adjoining piece of land with a total land area of about 5,478 sq m.
The land will be reconfigured into two lots, one 3,690 sq m lot fronting Ann Street and the other 1,788 sq m lot fronting Turbot Street.
Wee Hur is selling the lot fronting Ann Street, while the other lot is being retained for future development.
A put and call option agreement for the sale of the property was entered into between wholly owned subsidiary Wee Hur (Ann Street) and &ldquo an unrelated and independent party&rdquo on Christmas eve.
As at end Sept, the property has a book value of $47.2 million.
Wee Hur is expected to record a gain after taxes of about $14.4 million from the proposed disposal.
Shares of Wee Hur closed flat at 23 cents.
http://www.theedgemarkets.com.sg/sg/article/wee-hur-sell-brisbane-cbd-property-68-mil
http://www.propertyguru.com.sg/property-management-news/2016/12/142406/7-upcoming-projects-to-look-out-for-in-2017
7 upcoming projects to look out for in 2017
Romesh Navaratnarajah &bull December 8, 2016
Aerial view of the Clementi Avenue 1 site. Source: URA
A slew of new residential projects are set to launch next year, and are expected to attract keen interest from home buyers. Some sites to watch out for are:
1) Siglap Road
The 1.93ha site at Siglap Road was awarded to a consortium led by Frasers Centrepoint for $624.18 million in January 2016. The price works out to about $858 psf per plot ratio. Nearby amenities include the future Siglap MRT station, shopping malls and schools. The 99-year leasehold site is expected to yield about 840 units.
2) New Upper Changi Road
Property developer Chip Eng Seng won the tender for the 2.4ha site at New Upper Changi Road in February 2016 after submitting the highest bid of $419.38 million, or $761 psf on the gross floor area. The 99-year leasehold plot is close to the Tanah Merah MRT station, Changi Business Park and the Singapore University of Technology and Design. It could yield up to 724 units.
3) Clementi Avenue 1
The Clement Canopy, a 505-unit condominium in Clementi Avenue 1 in which UOL owns a 50 percent stake, is expected to launch in the first quarter of 2017. The 1.3ha site was awarded for $302.1 million ($615 psf per plot ratio) in December 2015. The 99-year leasehold land parcel is within proximity to the National University of Singapore (NUS) and Jurong Lake District, which is just one station away from the Clementi MRT station.
4) Alexandra View
The 0.8ha site in Alexandra View was sold to Tang City Holdings in November 2015 for $376.88 million. The price works out to approximately $851 psf per plot ratio. Located next to Redhill MRT station, the 99-year leasehold site could yield about 400 housing units. Several shopping malls and schools are also within the vicinity.
5) Bukit Batok West Avenue 6
Qingjian Realty was awarded the 1.5ha site at Bukit Batok West Avenue 6 in May 2016 after it submitted the top bid of $301.16 million. The price translates to about $635 psf per plot ratio. This is the Chinese developer&rsquo s first mixed-use development in Singapore, and it could build about 370 condo units on the 99-year leasehold site. Nearby amenities include the Bukit Batok MRT station, West Mall, schools and a polyclinic.
6) Martin Place
The 99-year leasehold site at Martin Place in River Valley was sold to GuocoLand in July 2016 for $595.1 million ($1,239 psf per plot ratio). The 1.6ha site could potentially yield about 445 units. The future Great World MRT station and several residential projects, including Martin Place Residences, Rivergate and Martin 38 are located nearby.
7) Fernvale Road
A consortium comprising Sing Development and Wee Hur Development won the 1.7ha residential site in September 2016 after submitting the highest bid of $287.1 million, or $517 psf per plot ratio. The 99-year leasehold site in Sengkang can yield 605 housing units. It is close to the Thanggam LRT station, eateries along Jalan Kayu and The Seletar Mall.
Look out for reviews of the new projects that will soon be built on these sites, or check our current project reviews!