The Housing and Development Board (HDB) has launched the sale of a new site in Simei under its Design, Build and Sell Scheme (DBSS). Analysts said the plot of land near the Simei MRT station should attract medium-sized developers and construction companies to bid between S$49 million and S$76 million. With an area of over 16,000 square metres, an estimated 320 to 360 units can be built there. A higher...
General
THE Court of Three Judges is deliberating over how three lawyers should be taken to task for their roles in making a court wrongly pay out $4.27million. In hearing the matter last Thursday, Chief Justice Chan Sek Keong said it was clear the court had been 'made use of'. The question though, said the CJ, was the intent of the three lawyers - Ms Nor'ain Abu Bakar, Ms Ruby Tan and MrPeter Chua. In 2005,...
The Home Office Scheme has been popular since it was introduced in 2003. So far, more than 20,600 authorisations have been issued, with 19,500 approved applications for HDB flats and 1,100 for private properties. With the Housing and Development Board (HDB) extending the approval period for the scheme from three years to five years, more are expected to join the scheme. From the beginning of this month,...
Day View Night View Leonie Hill Residences is a 29-storey architecture with clean forms and curved lines, Leonie Hill Residences features 80 luxurious apartments with only 3 apartments per storey proffering exclusivity. In this modish sanctuary, one can also take pleasure in the penthouse featuring a garden roof terrace with jet pool that promises relaxation and enjoyment in complete...
Singapore’s water agency, PUB, has formed an ABC Waters Review Panel to help developers incorporate water bodies into their projects. It was set up late last year together with the Urban Redevelopment Authority (URA) and the Law Ministry. The panel also has several high-profile local architects as members. Environment and Water Resources Minister, Dr Yaacob Ibrahim, revealed this at the launch of the...
Give in to the seduction of tropical elegance that awaits at Tierra Vue, a 5-storey development comprising 129 freehold residences nestled within verdant environs. Be enthralled by its modern linear facade, where louvered sunscreens and expansive balconies ease the penetration of the western sun whilst letting natural light and air into the apartments. Blurring the boundary between the indoors and...
National Development Minister Mah Bow Tan has said there is no shortage of housing in Singapore. He said, "Based on all the BTO (Build-To-Order) projects that we've had so far, (for) all of the projects, all of the developments for the last year - except one - there've always been flats left over, even after everybody in the queue has been offered." Mah Bow Tan (file pic)But some home buyers often...
Suburb to become commercial, leisure lakeside heaven DUSTY. Industrial. Out of the way. Such words may spring to your mind when asked about Jurong. But come 2020, the home of the Bird Park and the Science Centre will evoke a whole new vocabulary. Try on for size: Lakeside haven. Billion-dollar business buzz. Holiday hub. This will be the new Jurong Lake District, after it undergoes an...
The government's plans for the Jurong Lake District have been widely well-received by market watchers. They noted that it is important to re-brand Jurong away from its industrial estate image to a more vibrant one. However, on the other hand, there are concerns that the government may be moving too fast for the market. Some analysts said the proposed 10- to 15-year time frame may be a little tight,...
The strategic review of Macquarie MEAG Prime REIT or MMP REIT is still ongoing. This is according to a filing with the SGX on Friday. It said that key shareholder Macquarie Real Estate continues to support the review. In February, Macquarie Pacific Star, the manager of MMMP REIT, announced that it was conducting a strategic review to maximise value for its unitholders. This was after unsolicited offers...