The iconic South Beach development project along Beach Road is back on track, after a City Developments-led consortium secured S$1.2 billion in new funds. The South Beach Consortium will get money in the form of an S$800 million bank loan, and S$400 million in secured convertible notes. The South Beach project came about after a hot contest for a land parcel at Beach Road. The South Beach consortium,...
2009
Marina Bay Sands integrated resort has said it is on target to top out its hotel towers early next month. The company said the towers have passed level 50, just five floors away from the peak of 55 storeys. Las Vega Sands' Chairman Sheldon Adelson will attend the topping out ceremony. The integrated resort will feature facilities like casino, convention and exhibition halls, a 2,600-room luxury hotel...
The Urban Redevelopment Authority (URA) has launched a site at Woodlands Industrial Park and Woodlands Avenue 4 for sale by public tender. It said a developer has committed to bidding at least S$12.5 million for the land parcel. The parcel has a site area of about 2.5 hectares and a gross plot ratio of 2.5 with a lease period of 60 years. It can be developed for a range of clean, light and general...
Market watchers said more office tenants may move from the suburbs back to the city by the second half of next year to take advantage of more competitive rentals. This could help to ease a possible supply glut in office space. About 7.5 million square feet of office space is expected to come on stream by 2011. Analysts said some 84 per cent of that will be in the central area. The large supply and...
As market sentiment picks up, not only has the number of transactions increased, but prices have also firmed up across the board. The clearest evidence of this is at Marina Bay, where apartments have seen a spike in the number of transactions in the secondary market. At the 1,111-unit The Sail, which was completed in 4Q 2008, the most recent transaction was a 50th floor, 2,174 sq ft apartment that changed...
Singapore-listed property developer CapitaLand has secured a S$5 billion credit line with two Chinese banks – Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC). It said the money will fund its future growth plans in China, including those in the residential, retail and financial services sectors. Liew Mun Leong, president and CEO of CapitaLand Group, said: "China is a core market...
MEIER SUITES is situated just across from East Coast Beach and is next to Katong Park. Public transport wise, it is within close proximity to Kallang MRT station and Mountbatten MRT station. The project enjoys convenient access to the Changi airport and the city via expressways (ECP and PIE). For shopping and a quick bite, it is a mere 5 mins drive to Parkway Parade. For a suburban mall, it has a group...
Location: Killiney Road (District 9) Tenure: Freehold Year of Completion: 2013 Total Units: 76 Unit Types: 2 Bedroom ~ 1055 & 1076 sqft 2 + Study ~ 1324 sqft 3 Bedroom ~ 1496 & 1550 sqft 3 + Study ~ 1625 sqft 4 Bedroom ~ 2325 & 2368 sqft Penthouses ~ 5059-6760 sqft Unique Project Features: MERE MINUTES to Orchard Area/CBD via CTE/ECP/AYE 3 to 5 Mins WALK!!! to Somerset MRT Within Distance to...
Property owners and tenants are encouraged to check and maintain windows in high-rise buildings at least twice a year. In a joint statement, the Building and Construction Authority (BCA) and the Housing and Development Board (HDB) said the safety of exterior features such windows are critical in Singapore's densely built environment as these could cause serious injuries. BCA said since it introduced...
The housing saga at The Grangeford condominium continued on Friday. Landlord Ideal Accommodation told tenants they can stay till end-June, so that it does not have to return them their month's deposit. Those who have given more than a month's rent will get back the balance. There was also drama on Friday after some tenants went to Ideal's office demanding a staff accompany them back to The Grangeford to...