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Tag: snapped

  • Singapore’s Clementi Mall Snapped Up for $809M in Record-Breaking Deal by The Elegant Group

    Singapore’s Clementi Mall Snapped Up for $809M in Record-Breaking Deal by The Elegant Group

    The prominent Clementi Mall in Singapore has changed hands, with Cuscaden Peak Investments selling the property to The Elegant Group for a hefty sum of S$809 million.

    The Elegant Group’s Expanding Portfolio

    The Elegant Group, a business entity associated with entrepreneur Zhao Zhichao, is steadily expanding its portfolio. The group now boasts ownership of five malls situated in Singapore, as well as six properties located in the heart of Sydney.

    Interestingly, the final transaction price of the Clementi Mall was 8 per cent more than the guide price set in August.

    Key Details of Clementi Mall

    The Clementi Mall is no ordinary property; it occupies a site with a 99-year lease that started on August 31, 2010. The structure, as described by Cuscaden Peak Investments, is a six-storey retail development featuring approximately 191,000 square feet of retail space. The mall’s prime location and convenient access, thanks to its direct links to the Clementi MRT Station and bus interchange, make it a desirable piece of real estate in Singapore.

    The Role of Cushman & Wakefield and Savills

    The sale of the Clementi Mall was brokered by renowned real estate firms, Cushman & Wakefield and Savills. They received considerable interest in the property, with 12 responses to an expression of interest request, which concluded on October 3.

    Questions & Answers

    Who is the new owner of the Clementi Mall?
    The Elegant Group, associated with entrepreneur Zhao Zhichao, is the new owner of the Clementi Mall.

    How much was the Clementi Mall sold for?
    The Clementi Mall was sold to The Elegant Group for S$809 million, 8 per cent higher than the guide price from August.

    What is unique about the Clementi Mall’s location?
    The Clementi Mall is strategically located, being directly connected to the Clementi MRT Station and bus interchange. This makes it easily accessible, thereby increasing its desirability as a retail property.

  • Royal Enfield Himalayan 750: Anticipated Adventure Motorcycle Nears Market Debut In India

    Royal Enfield Himalayan 750: Anticipated Adventure Motorcycle Nears Market Debut In India

    Royal Enfield is reportedly in the process of introducing the Himalayan 750 model to the Indian market. This much-anticipated adventure motorcycle has been making regular appearances for some time. Recently, a new version of the Himalayan 750 was observed during testing within the country. Despite no official announcement of the launch date, the growing frequency of test sightings suggests that the motorcycle’s market premiere is imminent.

    Design and Features

    Royal Enfield has previously provided a preview of the Himalayan 750, which is to be introduced alongside the electric Himalayan motorcycle. The latest sightings suggest that this specific model will feature alloy wheels. This could indicate that the Himalayan 750 will be available in two versions at launch. In terms of design, the Himalayan 750 appears to share the taillight design with its 450 counterpart, and includes a single-sided upswept exhaust, a rear luggage rack, and bears a similar overall design to the Himalayan 450. The test vehicle was also spotted with a saree guard, which suggests that it is very close to being ready for production.

    As of now, the full list of features for the Himalayan 750 has not been revealed. However, the recently spotted test vehicle was seen with a tripper dash, indicating it will feature music control and Google Maps functionality, among other things.

    Performance Specifications

    The Royal Enfield Himalayan 750 is set to be the brand’s initial offering in the 750cc category. Its power unit is expected to be equipped with a slipper and assist clutch for smooth transmission. The 750cc engine is anticipated to deliver a power and torque output of approximately 55 hp and 60 Nm, respectively.

    Questions & Answers

    What is the latest on the Royal Enfield Himalayan 750?
    The latest model, which is expected to feature alloy wheels, has been spotted undergoing testing in India, suggesting it is nearing its market debut.

    What will the design of the Royal Enfield Himalayan 750 look like?
    The design appears to include a single-sided upswept exhaust, a rear luggage rack, a saree guard, and bears a resemblance to the Himalayan 450, particularly with its shared taillight design.

    What is expected of the Himalayan 750’s performance?
    The power unit is likely to be equipped with a slipper and assist clutch for smooth transmission, and the 750cc engine is anticipated to deliver a power and torque output of approximately 55 hp and 60 Nm, respectively.