The Urban Redevelopment Authority (URA) received 15 bids at the close of the tender for the residential site at Serangoon Avenue 3 on Wednesday. The site, which was originally on the Reserve List of the Government Land Sales Programme, was launched for public tender on September 9. The 99-year leasehold site has an area of about 13,877 square metres and a maximum permissible gross floor area of 38,857...
2009
The Housing and Development Board (HDB) will launch another eight "build-to order" (BTO) projects for flats by the end of this year. These projects will be launched in Sengkang and Jurong West this month, two projects in Punggol next month and four projects in Dawson, Bukit Panjang and Sembawang in December. National Development Minister Mah Bow Tan, who viewed one of the selection exercises at the HDB...
Sales of small non-landed private properties in Singapore have hit an all-time high, even before the year has ended. According to property consultant CB Richard Ellis, 412 units with a size of 500-square-feet or smaller have been sold this year so far. This is a stark contrast to 1995, when just one unit of that size was sold. CBRE said it has seen a rising trend in the popularity of such small homes -...
Located in a quiet neighbourhood of popular district 10, Parvis (formerly Holland Hill Mansion) boasts a well-known address highly sought after by both locals and expatriates. The development is highly accessible via major roads, such as Holland Road, Queensway and Farrer Road and nearby Farrer MRT Station and Holland MRT Station. The Singapore Botanic Gardens, Holland Village and...
CapitaLand said on Monday its wholly-owned unit CapitaLand Retail will be listed on the SGX mainboard and be renamed CapitaMalls Asia. Following a corporate reorganisation, CapitaMalls Asia will hold CapitaLand's integrated shopping mall business, including the retail real estate fund and REIT management business. CapitaMalls Asia will have 86 malls in its portfolio, with a total property value of S$20.3...
Orchard Central, one of Singapore's newest malls along Orchard Road, is having some issues with its tenants. Just four months after its opening, some tenants are complaining about slow traffic at the mall. Besides having Singapore's first indoor rock-climbing wall, the 12-storey mall has billed itself as a one-stop shopping destination for the modern individual, with its range of retail and F&B...
From a just a small family business with less than 10 workers in 1993 to the property developer that will soon be listed on the Catalist board, Goodland Group is the quintessential entrepreneur story. Started in 1993 as a construction business, Goodland is no stranger to civil engineering projects such as the wave wall construction at MacRitchie Reservoir and the development of Turf City. However, seeing...
Property developers in Singapore are calling for the government to release more land sites in less central areas so that they can build more affordable mass market homes. On the sidelines of a lunch hosted by the Real Estate Developers' Association of Singapore (REDAS) on Friday, industry players said demand for private homes will continue to rise and push up prices. It said most of the recent...
Property developer Keppel Land said on Friday that it is issuing some 8.7 million new shares, following its offer to delist its subsidiary, Evergro Properties. The shares will be listed with effect from Monday, October 5. Following the issue of the new shares, Keppel Land will have some 1.4 billion shares in float. This means the new shares account for about 0.6 per cent of the total shares. Under the...
Singapore hopes to ride the wave of growth in the cruise industry with a new International Cruise Terminal which broke ground on Friday. The facility at Marina South, costing S$500 million, comes as global demand for the cruise market is estimated to hit 27 million passengers by 2020 - a two-fold growth within a decade. The cruise industry is still sailing smoothly despite the economic downturn. Global...