Fri, Jan 11, 2008
The Business Times

CITYVIBE, a new three-storey retail and entertainment complex opposite Clementi station and next to the future Clementi Central Hub, is for sale through an expression of interest exercise at an asking price said to be $140 million.

This could work out to a 5-5.25 per cent net yield for the property, which will have a net lettable area of 26,581 sq ft, sources say.

Developer Grandview has obtained official approval to redevelop the existing property on the site - a two-storey building that used to house a theatre - into the new complex.

Using construction methods that involve more steel and less concrete, CityVibe will be built between February and November this year, according to Jones Lang LaSalle, which is handling the sale of the property on a completed basis.

JLL is also the marketing agent for leasing of the units in the new building.

Grandview's shareholders are Victor Boh See Fook, Eric Cheng Kwee Kiang and Woon Yong Thai.

CityVibe will be developed on a site with a remaining lease of about 70 years. Grandview is believed to have bought the asset a few years ago.

Asked about potential competition that retailers at CityVibe will face from the adjacent Clementi Central Hub when it is completed in 2010, JLL's regional director and head of investments Lui Seng Fatt said: "Clementi Central Hub will be a magnet for the whole area and benefit CityVibe as well.

"In any case, the location has a very strong catchment not only from the surrounding HDB estate but also from nearby tertiary institutions such as National University of Singapore, Singapore Polytechnic, Ngee Ann Polytechnic and Singapore Institute of Management."

JLL expects the expression of interest exercise for CityVibe, which closes on Feb 1, to attract local and foreign investors because it offers an investment-grade retail property in the HDB heartland.

The site is zoned for commercial use with a 40:60 split between retail/ F&B and entertainment/ office use. CityVibe has been exempted from providing carpark lots because there is sufficient parking nearby, JLL said.

Ok only half the shops are open and so far there is nothing fantastic but more choices of food bah: Long John Silver, Subway Burger, Mos Burger, Saekyi Sushi, Uncle Sam's Claypot etc.

Ramen Ten is very nicely furbished

Tom Yam Seafood Ramen
$15.20! (after ++)

Bad:
Sotong too hard

Good:
Soup is tasty
Prawns very fresh
Lots of ingredients like mussels etc

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Thursday, January 29, 2009

Haven't blogged for more than a wk!
Sorry for the dust... *phoo*

These few wks went for so much steamboat and buffet and ktv haha..
I'm having post-CNY blues cos trainings in school gonna start soon and many schools concurrent.. i wonder how i can fly here and there

CNY hasn't been much rest for me cos i'm busy with a freelance design project now..

It's great since it's building fund and I need to save up more too keke..

So everyone take care! =)

>>--|[ chillin' out ]|-->> 10:52 AM

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Wednesday, January 21, 2009

~ HAPPY BIRTHDAY DEAR! ~

we started here

he needed this most and so now can save some hp bills hee..

dear likes to take photo haha

nice sunset

journey to the dinner place!

nice river view

free flow bread lor.. how to finish

see the mountain of fries? and it's free flow top-up too!

~ enjoyed the nice candlelight dinner ~

Love u Dear!!

>>--|[ chillin' out ]|-->> 12:47 AM

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Saturday, January 17, 2009

Today is a happy and relaxed day.
I think it's the only Saturday i can remember in 1 year that i don't have any duties at all.
But still went down for trainer training and played along with yongwei's jokes haha..

Had lunch with Dear and a nice dinner at Vivo's Thai Express which we joined as member and it was a good deal. Then walked ard with nothing much to see and home sweet home now =)

Looking forward to something next wk!

>>--|[ chillin' out ]|-->> 9:06 PM

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Monday, January 12, 2009

Call me sua gu but i just knew abt this useful method for ppl like me who find problem saving up haha.. if only i had known and started this earlier.. so what u waiting for?

MySavings Account

(click to see details)

Disciplined saving made easy
Save conveniently with the automatic monthly saving feature. You choose the amount and date, and the funds will be automatically transferred from your DBS/POSB account into the MySavings Account each month. Plus, enjoy the flexibility to change the monthly savings amount and date anytime, to best meet your savings needs.

>>--|[ chillin' out ]|-->> 10:35 AM

it's 11 months!!

time flies so fast..


dear looking blur blur after long day of duty hehe..

can't express enough of how much i love and appreciate him!

>>--|[ chillin' out ]|-->> 1:04 AM

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Sunday, January 11, 2009

JJ World Tour 2009!!

Date: 28 March 2009
Venue: Singapore Indoor Stadium

The date in which the concert is held is significant for JJ because he will turn 28 a day before the concert (March 27). So he’ll be celebrating his first day as a 28-year-old!

Tentatively I'm going with Ris! Not sure anyone else wanna join us.. If so, this will be the first time i watch a full live pop concert and it's my fav JJ!! :P

>>--|[ chillin' out ]|-->> 10:39 AM

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Tuesday, January 6, 2009

I had this for a long time but..
I've finally bought the missing audio cable and set up my speakers!

Sonic Gear (Tatoo 303)


The sound is so much clearer and louder then the laptop's and it's so shiok now to watch youtube/movies etc and can even sit far away to watch while having my lunch haha!

>>--|[ chillin' out ]|-->> 12:55 PM

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Sunday, January 4, 2009

Ever since new year eve where we stayed up the whole night, my bio clock shifted and nowadays i am so awake (and hungry) even at 2am..

later sure panda go service liao..

>>--|[ chillin' out ]|-->> 1:36 AM

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Thursday, January 1, 2009

First photo of 2009!

>>--|[ chillin' out ]|-->> 11:31 PM

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