LIM Chu Kang looks all set for a change if the Singapore Land Authority’s plans work out for its first “agri-tainment” resort. Developers of the farm resort hope to offer visitors a more unconventional experience when it opens its doors this August. Visitors will be able to find out how crops such as corn and coffee are grown and may even get to harvest their own vegetables. In addition, the...
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Lim Chu Kang looks all set for a change if the Singapore Land Authority’s plans for the first agri-tainment resort work out. Developers of the agri-tainment farm resort hope to offer visitors a more unconventional experience when it opens its doors in August 2008. Visitors will be able to find out how crops like corn and coffee are grown and may even get the chance to harvest their own vegetables. In...
En bloc sales have been slowing down over the past few months, but it’s not just due to the recent tightening of the rules governing such transactions. Amid the global credit crunch, property watchers said foreign investments have pulled back, and the overall downturn is pushing developers to look at other moneymaking options. But they also noted that fundamentals remain strong in Singapore, and the...
HDB is studying refinements to weed out non-serious applicants I refer to the letters from Samuel Lee, “Oh, that elusive HDB flat” (March 28), and from Kalista Nisha, “Different families, different needs” (March 31). We would like to clarify that the $10 fee payable for HDB sales exercises is to cover part of the Housing and Development Board’s (HDB) administrative cost in processing the...
In what could be another sign of the cooling en bloc market, a site off Sixth Avenue has been put back on the market at a discount, after it did not attract a single bidder at first go. The reserve price for Royalville has been cut to $305 million - down 13 per cent from the minimum $350 million asked last October. This new price works out to $1,106 per square foot (psf) per plot ratio after development...
A S$300 million warehouse store will be open in Jurong East in the last quarter of 2009. The company behind the Big Box project, TT International, said the Jurong warehouse will be its flagship store. Sitting on a 5.6-hectare site near the Jurong East MRT station, the outlet will be as big as 27 football fields put together with a total gross floor area of 120,000 square metres. About 30 per cent of the...
Sales of private properties have been sliding amid a standoff between buyers and sellers, say market watchers. In February, sales for new launches were only one tenth of the record numbers seen in August last year. Analysts also say that residential property prices may have finally peaked, although the fundamentals still support long-term growth. URA's latest flash estimates showed private home prices...
The owners of Royalville, a freehold mixed development along Bukit Timah Road, are giving the collective sale market another try. They have relaunched the property for sale by tender, with an asking price of S$305 million. Including a development charge of S$6 million, this works out to a land rate of about S$1,106 per square foot of gross floor area. Royalville is made up of 93 residential units and 11...
The enbloc sale of Tulip Garden, a freehold development in District 10, appears to be off. Tulip Garden was sold in July 2007 in a collective sale valued at S$516 million. The property is along the prime Holland Road and Farrer Road area. Channel NewsAsia understands that owners are now waiting to hear more details from the developer. Bravo Building Construction bought Tulip Garden at more than S$1,000 per...
Unique mixed development of 334 residential apartments, 32 “SOHO-style” apartments, 100,000sqft of retail space and a 370-unit hotel. Strategically located on North Buona Vista Road, at the confluence of the East-West MRT Line (Buona Vista MRT Station) and the future Circle Line (one-north MRT Station). Situated next to Rochester Park, planned $660 million lifestyle hub by Capitaland and Rock...