THE buzz continues at property launches on the island. City Developments said yesterday that it achieved about $190 million of sales from selling about 150 units at The Arte at Thomson since March 21. The freehold project is priced at $880 psf on average. No premium is being being charged for an interest absorption scheme (IAS) that CDL has extended to buyers. The scheme means buyers pay just the...
2009
A BRITISH newspaper report has sparked off talk that Singapore’s Raffles Hotel could change owners yet again, for the second time in four years. Citing unnamed hotel industry sources, the Times of London reported yesterday that Fairmont Raffles Hotels International (FRHI) — in which Saudi Prince Alwaleed bin Talal’s Kingdom Holding Company has a controlling stake — is putting the iconic property...
Location: Kim Yam Road (District 9) Tenure: 999-years leasehold Year of Completion: 2011 Total Units: 33 Unit Types: 1 bedroom (337 - 688 sqft) Contact us at [email protected] for more...
City Developments (CDL) said sales at "The Arte" condominium project have surpassed the 80 per cent mark. The developer said 150 units were snapped up in a Phase 1 launch recently with S$190 million of deals recorded. Most of those sold went for under S$2 million. The 336-unit freehold project at Thomson Road has been priced at an average of S$880 per square foot, with units ranging from 1,055 sq ft for...
Main board listed developer Sim Lian Group will launch its latest development, Parc Lumiere, by walk-in-selection on April 18. Parc Lumiere is a public housing project under the Housing & Development Board's "Design, Build and Sell Scheme" (DBSS). The development which is located near the Simei MRT station will comprise 360 four and five room units. Sim Lian said the average selling price for the...
Some 4,000 people showed up at the launch of "The Peak at Toa Payoh" on Wednesday - a project under the HDB's design, build and sell scheme (DBSS). There were some 100 people lining up outside the development even before it was launched at 8am. Analysts said that's not a bad turnout especially since a premium five-room flat there costs more than S$700,000. The development offers some condominium-style...
The Fernhill is a freehold boutique condominium located along Fernhill Road near Stevens Road and Orange Grove Road. This ultra-exclusive development is limited to a mere 25 units of unparalleled desirability, set within a beautifully envisioned 5-storey residence. Every home within The Fernhill has been designed and refined to optimise the usage of space and light throughout. Full-length windows define...
Sales of private homes dipped 8 per cent in March to 1,220, compared to 1,323 in February. Latest data from the Urban Development Authority (URA) showed that new properties in suburban areas saw strong sales. Double Bay in Simei saw the biggest sales, with 264 units changing hands. Mi Casa in Choa Chu Kang came in second with 101 units sold. Properties located just outside the city also drew strong...
A NEW mall at Serangoon Central has secured 30-per-cent commitment rate for its food and beverage outlets and speciality shops - more than four months after it broke ground. Expected to open by the end of next year, the mall - christened "nex" - will be the biggest mall in north-east Singapore. Anchor tenants include cineplex operator Shaw Organisation, foodcourt operator Food Junction, hypermarket...
Developers interested in bidding for a 12,900 square foot or 0.12-hectare hotel site at Short Street can start putting in their tender. The Urban Redevelopment Authority (URA) launched an eight-week long public tender for the land parcel on Wednesday. This is after the urban planner received an application from a developer to bid for the government land site, which is located within the Bras Basah-Bugis...