Country City awarded bid to develop more land FOR those who can't get enough of the chic hangout places at Dempsey Hill, the good news is, more units and land have been released for development. The Singapore Land Authority (SLA) has released a 20,146.9 sq m plot of land with a gross floor area of 7,502.8 sq m on the hill, made up of several blocks of old British army buildings, to add to the existing...
2008
Increased supply of flats in Yishun a response to demand, says HDB BUOYED by demand for its previous Build To Order flats (BTO), the Housing and Development Board (HDB) announced yesterday the launch of its latest BTO project - Dew Spring@Yishun. "The previous BTO launch in Yishun - Jade Spring Phase One and Two was five times subscribed, and therefore, we feel that there could be demand for flats in...
FOR the past 10 years, this once-lovely icon has languished in disuse. Seven years and $1.51 million spent on feasibility studies, maintenance and reinstatement works led only to the eventual conclusion that the historic Capitol Theatre was "not viable" as a performing arts centre. So, it comes as some surprise that - in releasing a 1.46-hectare land parcel at the junction of Stamford Road and North...
Singapore’s construction sector looks set to ride out the current economic downturn, thanks to a strong orderbook of projects lasting for at least another year. These projects are expected to be valued at around S$30 billion by the end of 2008. That is 22.4 per cent higher than 2007. But some experts are predicting a prolonged economic slowdown lasting past 2010. This could mean tough times ahead for...
Global economy hotel chain, ibis, will set up its largest branch outside Europe here. The 538-room hotel will be the first ibis in Singapore and will open its doors on February 24 next year. ibis Singapore on Bencoolen plans to target leisure and business travellers with its debut nightly rate of S$148 per room. Located along Bencoolen Street, the S$145 million hotel is being developed by LaSalle...
The Housing and Development Board (HDB) has launched a new Build-To-Order (BTO) project at Yishun. It has the highest proportion of smaller flat types among BTO projects. This is in line with HDB's plan to supply more smaller flats. The latest Build-To-Order project is Dew Spring@Yishun. 43 per cent of its 864 units are 2- and 3-room flats, the largest proportion in a BTO project so far. Tan Poh Hong,...
The Dempsey Road area which is home to restaurants, bars and gourmet grocers is set to get more vibrant. The Singapore Land Authority (SLA) has awarded the tender to redevelop parts of Tanglin Village to property investment firm Country City Investment. The project will cover 20,147 square metres of land with a gross floor area of 7,503 square metres. The new land plots will complement the present area...
Singapore's Urban Redevelopment Authority (URA) has put a 1.46-hectare site at Stamford Road/North Bridge Road for sale. It is available on the Reserve list of the Government Land Sales Programme for the second half of 2008. The land parcel occupies a prime location in the heart of the city, and is strategically situated along the commercial and mixed-use corridor at North Bridge Road. Retail, cultural...
JLL says yes; other property pundits not so sure THANKS in part to falling interest rates, the affordability for luxury homes in Singapore has improved by 24 per cent since the third quarter of last year, according to property consultancy Jones Lang LaSalle (JLL). JLL compiles an affordability index for private homes, which takes into account factors such as property prices, national wages and interest...
Such checks would minimise impact of sudden economic downturn on investors MANY Singaporeans who bought properties during the boom years have since been caught up by the sudden financial turmoil and found themselves in a bind as the property market has taken an about-turn and some banks have frozen lending. Such investors stand to lose a lot of money should they sell in this declining market. The...