Four blocks of flats at Bukit Merah View - blocks 110, 111, 113 and 114 - will undergo the Selective EnBloc Redevelopment Programme (SERS). Member of Parliament (MP) for Tanjong Pagar GRC and Deputy Speaker of Parliament Indranee Rajah made the announcement at the division's tree planting day activities, attended by Minister Mentor Lee Kuan Yew and the MPs of the GRC. Ms Indranee noted that the residents...
2009
Jurong West now has an integrated learning, social and recreational hub. The Frontier Community Place officially opened on Sunday, with Minister for Trade and Industry and Member of Parliament (MP) for West Coast GRC, Lim Hng Kiang, as the guest of honour. The hub houses the Frontier Community Club, Jurong West Public Library and Jurong Medical Centre. Host MP and Adviser to Pioneer Grassroots...
WITH the recent release of third-quarter real estate data, it may be timely to ask: Is there a real estate bubble, and if so, how bad is it? When the figures were unveiled in the last week of October, private-housing prices were out-of-sync with the rest of the market. Prices and rents were down for the other major sectors - office, retail and industrial. These trends were in line with current economic...
The Singapore government is boosting the supply of private residential sites in the first half of next year. It has announced new sites for sale, which could yield over 10,500 homes – the highest number of units since the Government Land Sales (GLS) Programme started in the second half of 2001. The Urban Redevelopment Authority (URA) said on Friday that in deciding supply, it looks at market conditions...
Market-watchers expect keen competition for the eight residential sites on the confirmed list under the Government Land Sales (GLS) Programme for the first half of next year. But land prices may not necessarily come down. Analysts also expect more foreign developers to bid for sites over the next three to six months, keeping prices competitive especially for popular locations. Donald Han, managing...
Mainboard-listed construction firm, Sim Lian Group, said that its first quarter net profit rose 23 percent from a year ago to S$27.6 million. Revenue for the three months ended September edged up 2 percent to S$194.4 million. Sim Lian said that its contract costs fell S$4.6 million despite an increase in revenue in the quarter. This was mainly due to a revision of contract costs for a development...
Singapore Land said on Friday its third quarter net earnings rose 41 per cent to S$56.3 million from a year ago. This was on the back of a 33 per cent rise in revenue for the three months ended September to S$119.1 million. The company said the improvement in revenue was mainly due to sales of The Trizon residential project and higher office rental income. But this was partly offset by lower revenue...
The Sino-Singapore Tianjin Eco-City Investment and Development Company is tying up with education services provider GEMS Education to co-develop a S$30 million international school in Tianjin, China. This will be GEMS' first flagship greenfield international school in China. The GEMS World Academy Tianjin will be located near the commercial centre of the Tianjin Eco-City's start-up area. It will open its...
The government has reinstated the confirmed list for its Land Sales or GLS programme. The confirmed list for the first half of next year consists of eight residential sites. They include two executive condominium sites. The eight confirmed list sites comprise four new sites and four sites carried over from the second half land sales programme for this year. The National Development Ministry said these...
Genting Berhad is on track to open the 'Resorts World at Sentosa' in Singapore by early January 2010, said its chairman and chief executive Lim Kok Thay. Bernama news agency quoted Mr Lim as saying the project, which cost S$6.6 billion, would attract 12 to 13 million visitors in the first full year of operation. "Construction is going on smoothly. We are targeting to open it by early January 2010," he...