The Peak @ Balmeg (formerly known as Balmeg Court) is located in an area consisting primarily of landed properties, townhouses and low-rise apartments on the west coast of Singapore. The site is favourably situated on Balmeg Hill off Pasir Panjang Road, and is characterised by an exclusive and tranquil setting with sea views even from the ground level. The area is popular with both locals and expatriates...
September 2008
Singapore's Housing & Development Board (HDB) said it is offering 8,400 new flats this year, which is 40 per cent higher than the 6,000 units offered in 2007. Of these, 5,000 flats have already been launched, with a good part of them sited in Punggol, which is earmarked as a waterfront town. Plans are also in the pipeline to address the issue of rising construction costs and high demand for public...
A new S$35 million waterfront promenade at Marina Bay in central Singapore will be ready by the end of next year. The Urban Redevelopment Authority has promised that visitors will get a panoramic view of the Bay from any spot on the promenade. Its key design features a continuous waterfront loop, and along the Bayfront, visitors can expect to see dancing water jets, an eco-friendly Visitor Centre, a Mist...
More first-time owners are turning to the resale market to meet their housing needs, said the Senior Minister of State for National Development Grace Fu. Replying to a question from MP for Sembawang GRC Lee Wee Kiak in Parliament on Monday, Ms Fu said that in the second quarter of this year, there were 1,470 cases of first-timer flat buyers buying resale flats using the CPF Housing Grant. This is a 75...
Strategically located along Bukit Timah Road, Madison Residences is a short distance to Orchard Road and is near premier schools such as Singapore Chinese Girls’ School and Anglo- Chinese School (Barker Road). The 18-storey condominium development will comprise 56 exclusive units. It will have 48 units of 3- and 4-bedroom apartments, as well as six junior penthouses and two luxurious penthouses. Unit...
The Mandarin Gallery at The Meritus Mandarin Hotel is getting a S$200 million makeover. The upscale shopping mall will not be ready for another year, but people passing by along Orchard Road can get a preview of the shops and frontage, thanks to a specially-designed 3D-effect hoarding. This is the first such hoarding in Singapore. It was designed and made in Paris before being flown here. It stretches...
Sales of new private residential homes slipped 64 per cent to 320 units in August, as compared to over 890 units sold in July. Market watchers say this is the weakest transaction volume since April 2008. At the peak of the property boom in August 2007, over 1,700 units of private homes were sold, and the 320 units sold in August 2008 was 81 per cent lower year-on-year. However, the low take-up was not...
A revamped Cuppage Terrace will feature a charming mix of haunts IN SINGAPORE, traces of the past tend to be replaced by developments for the future. But one commercial project is about to buck the trend. Cuppage Terrace will reopen at the end of the month, when Formula One comes to town, with several old haunts such as the Northern Indian restaurant, Maharajah, and the Chinese food and bar outlet, Cross...
Sales of private homes by Singapore developers dropped by 56 per cent for the year ended June 30, with only about 7,200 units being sold. However, Real Estate Developers' Association of Singapore (REDAS) believes private home prices will not drop sharply this year, despite the tight credit market and economic slowdown. President of REDAS, Simon Cheong, said: "If it drops, it will not be much more. This...
The offer for Japan Land Limited at 60 cents per share by International Capital Investment has lapsed. In an announcement released Friday, Japan Land said that valid acceptances of the International Capital offer totalled 0.32 per cent of its total share capital. International Capital is a vehicle of Indonesian tycoon Oei Hong Leong, who made the offer at the end of July. Independent financial advisors...