Two markets and hawker centres will enjoy a new lease of life under the National Environment Agency's Hawker Centres Upgrading Programme (HUP). Artist's impression of the upgraded hawker centre at Block 160 & Block 162 of Ang Mo Kio Avenue 4 Located at Block 160 and Block 162 of Ang Mo Kio Avenue 4, and Block 17 of Upper Boon Keng Road, the centres are closed from 1 April until the end of the year...
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CapitaCommercial Trust (CCT) is planning to sell S$280 million worth of five-year convertible bonds. The bonds are being targeted at mainly institutional investors. CCT said it could issue more convertible bonds to raise another S$90 million. This will take the total amount raised to S$370 million. The Trust said it could also pay cash in lieu of issuing new units on conversion of the bonds. It will be...
More than 360,000 sq ft at Badminton Hall area in Guillemard to be released IN A bid to help alleviate an office space crunch, the Singapore Land Authority (SLA) hopes to release another 368,000 square feet in gross floor area for temporary conversion by the middle of the year. But that is still 20 per cent less than what was released in the same period last year. Mr Teo Cher Hian, director of private...
Income ceiling for extended family scheme is too low My husband and I are buying a resale flat. We are first-time applicants and our combined monthly income is below $8,000, so we would qualify for the Housing and Development Board (HDB) concessionary loan. To encourage first-time applicants and young couples to stay with their parents, the HDB recently introduced the extended family scheme, with a new...
Prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months, according to flash estimates released by the HDB. The increase was lower than the 5.7 percent pace in the fourth quarter. The slower rise in resale flat prices comes as no surprise to industry watchers who attribute it to the cautious sentiment in the overall property market. They say buyers are not...
AFTER property fever hit euphoric levels last year, flash estimates from the Housing and Development Board and the Urban Redevelopment Authority (URA) show the growth in real estate is slowing down significantly. The index for the private home market showed prices rose 4.2 per cent in the first three month, down from the last quarter’s 6.8 per cent growth. And looking ahead, some property watchers are...
Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority. The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year. On a quarter on quarter basis, the biggest rise in property prices for non-landed properties came from the central districts just...
From 1 April, Home Office Scheme approvals granted by the Housing and Development Board (HDB) and Urban Redevelopment Authority (URA) for new applications and renewals will be valid for five years - up from the current three years. This is to provide greater convenience to home office users and to help them formulate longer term business plans. The scheme was introduced in 2003 to allow private property...
The freehold Pinetree Condominium site in prime district 10 has been re-launched for sale by tender. The property in the Balmoral area currently comprises a five-storey block with 50 apartment units. Consultants Jones Lang LaSalle, which is marketing the site, said it has an indicative asking price of S$128 million. But if a neighbouring plot, which is presently housing some landed homes, is included, the...
A hotel site at Balestier Road has been launched for sale. The 1.77-hectare plot is one of two hotel sites on the Confirmed List of the Government Land Sales Programme for the first half of this year.But for the first time, the government has made developing a park a requirement as part of the tender. Balestier Road is buzzing with activity. And adding to it will be a new contemporary hotel which draws...