September 2008

URA closed tender for industrial site at Ubi Avenue 4

The Urban Redevelopment Authority (URA) has closed the public tender for an industrial site at Ubi Avenue 4. The URA had received a successful application for the site to be put up for sale in August and it was launched for public tender on Sept 3. It has a site area of 11,491.5 square metres and a maximum permissible gross plot ratio of 2.5. The site was offered for sale on a 60-year lease and received...

The Suites at Central

Located at Devonshire Road, The Suites at Central comprises an exquisite collection of 157 freehold condominium units. Sitting on an 80,000-sf site, the development is conveniently located within walking distance to the Somerset MRT station and the Orchard Road shopping belt, enjoying a rare combination of exclusivity and accessibility. The 33-storey twin tower condominium development with modern...

Sibor spike not a cause for worry?

A SPIKE in the three-month Singapore interbank offered rate (Sibor) may spell higher housing loan rates for some, but mortgage experts say there is no cause for worry given the low base enjoyed by home owners for the past few months. The benchmark Sibor, the rate at which banks lend to each other, for three months fell as low as 1 per cent in August. Amid recent financial turbulence, it soared from 1.76...

Trilight

Quietly sited at the highest point in Newton, where urban diversity meets nature's tranquility, Trilight offers a limited collection of luxury residences representing a unique take on contemporary design. Within minutes from the bustling city center, the lush landscape design creates a sanctuary nestled within a man-made forest of trees, providing residents with a sense of peace and calm. The facade of...

Pinnacle flats on offer

FOR those waiting to snap up a public flat in the iconic 50-storey integrated housing development, the good news: Some 428 four- and five-room units at The Pinnacle@Duxton are among 992 available under the Housing and Development Board’s (HDB) latest balloting exercise launched on Friday. The much-hyped flats in the Cantonment Road area are among some of the most expensive new units — with a...

SM Goh says challenge for Tianjin Eco-City is to attract investors

With initial progress underway at the China-Singapore Tianjin Eco-City project, Singapore Senior Minister Goh Chok Tong says what needs to be done is for policy measures to be either tweaked or put in place. While saying that Singapore had chosen the right site for the bilateral flagship project, Mr Goh acknowledged that the challenge right now lies in attracting investors. Mr Goh said his visit to the...

Pinnacle flats on offer

FOR those waiting to snap up a public flat in the iconic 50-storey integrated housing development, the good news: Some 428 four- and five-room units at The Pinnacle@Duxton are among 992 available under the Housing and Development Board's (HDB) latest balloting exercise launched on Friday. The much-hyped flats in the Cantonment Road area are among some of the most expensive new units with a four-room...

HDB launches 992 flats under balloting exercise

The Housing and Development Board (HDB) of Singapore has launched the sale of 992 flats under its Balloting Exercise on Friday. They include surplus flats available from the Selective En Bloc Redevelopment Scheme (SERS) in Ang Mo Kio, Kallang, Whampoa, Queenstown and Jurong West, as well as remaining units at The Pinnacle@Duxton. HDB said on Friday the units offered are of different types and designs...

Population grew to 4.84 million, boosted by strong non-resident growth

Singapore's population hit 4.84 million in June this year, marking a 5.5 per cent increase from a year before. The figure is buoyed by an increasing number of foreigners in the country, boosted by strong economic growth over the past few years. The number of non-residents grew by 19 per cent, while the resident population went up by a mere one per cent. The National Population Secretariat said foreigners...

Opportunities in the Middle East

Amid economic gloom, Gulf property markets have shown surprising resilience, writes COLIN TAN AMID the heightened uncertain global economic outlook and the doom and gloom afflicting many of the world's real estate markets, the Middle East housing sector has been demonstrating surprising resilience especially given that the market has been enjoying at least four years of phenomenal price growth. Today,...

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