Home owners at the Laguna Park condominium in Marine Parade are now faced with the choice of selling their homes at an average of 20 per cent lower than their initial asking price. This comes after a failed tender earlier this month. Then, the site received a bid from an Indonesian-owned, locally incorporated company of S$1.728 billion, but a downpayment could not be made in time. Since then, the...
2009
Eighty-two per cent of the residential development, Lincoln Suites, was snapped up within four days of the soft launch. A total of 46 of the 56 units under phase one were taken up by the close of the soft launch on Sunday. This comprised 15 studio units and 31 one-to-three bedroom units. Lincoln Suites is a 30-storey, freehold development off Newton Road. It is targeted to be officially launched this...
The inaugural Singapore Green Building week started on Monday with the launch of Singapore's first "Zero Energy Building." National Development Minister Mah Bow Tan said the three-storey office building showcases how it can be up to 50 per cent more energy efficient. It cost some S$11 million to retrofit but the building is expected to generate as much electricity as it consumes in a year. The...
The Housing & Development Board (HDB) on Monday accepted an application under the Reserve List System to put up a residential land parcel at Jurong West for public tender. HDB said it will launch the tender for the land parcel in about two weeks. The land parcel is at Westwood Avenue and it is proposed for the development of landed housing. The area covers 14,098.9 square metres and is for a lease...
The Housing and Development Board (HDB) will consider measures to prevent the congregation of permanent residents, if necessary. MediaCorp had contacted the statutory board after Member of Parliament Lim Wee Kiak filed a parliamentary question on the total number of PRs who own HDB flats and the distribution of PRs in various public housing estates. While his question is being held over from last week -...
The world's leading luxury hotels are rushing to expand in Shanghai ahead of next year's World Expo, with hopes high for the upscale travel sector in the Chinese financial hub despite the global downturn. The opulent Peninsula, the only new building on the main part of Shanghai's historic Bund in 60 years, just opened, embracing the city's Jazz Age heyday with a chauffeur-driven 1934 Rolls Royce Phantom...
A new S$4 million public space has been unveiled at Dhoby Ghaut. It is a space for everyone and provides a quiet corner for those wishing to seek respite from the bustle of the city. Dhoby Ghaut Green, just outside the Dhoby Ghaut MRT station, is the latest addition to the 28 parks in the city. To minimise its impact on surrounding developments, it features a submerged cocoon-shaped amphitheatre that...
A wide range of exciting recreational experiences awaits residents in western Singapore, following the completion of the Western Adventure Park Connector Network (PCN). The 23km PCN joins eight parks in western Singapore, namely Choa Chu Kang Park, Villa Verde Park, Zhenghua Park, Dairy Farm Nature Park, Bukit Batok Nature Park, Bukit Batok Town Park, Limbang Park and Bukit Panjang Park. Minister for...
Singapore’s private home prices rose 15.8% in the third quarter, the most in 28 years, as cheap money and improving economic conditions lured buyers. The price index of private residential property jumped to 154.3 from 133.3 the previous quarter, the Urban Redevelopment Authority said on its Web site today. The increase was the first in more than a year and the biggest quarter-on-quarter gain since...
Prices of HDB resale flats in Singapore rose to record highs in the third quarter, according to data released on Friday. The latest data from the Housing and Development Board (HDB) showed that the Resale Price Index rose 3.6 per cent in the third quarter over the previous quarter to 145.2 points. This has raised concern among some potential homebuyers, who fear that prices may continue to rise. The...