The Urban Redevelopment Authority has launched 11 land parcels at Sembawang Road and Andrews Avenue for sale for landed housing development. This is the second phase of the planned Sembawang Greenvale estate. It is one of the eight residential sites on the confirmed list announced under the Government Land Sales Programme for the first half of 2008. The estate will have a mix of landed housing including...
General
Fair value gains as a result of a revaluation of properties has boosted the full-year earnings of Singapore Land by 1,252 percent. It posted net earnings of nearly S$1.4 billion, compared with S$121 million in the year-ago period. Revenue rose 34 percent to S$271 million. This was due to the contribution from its Pan Pacific Singapore hotel operations and higher rental income. Singapore Land expects...
The area around the Singapore River is getting a new look to give it a night-time buzz, and lighting will be a key feature in the makeover. The Read and Cavenagh bridges will be fitted with programmable lights that produce different colours and patterns. There will also be lights under the Clemenceau, Coleman and Elgin bridges. Even the underpasses at Boat Quay, Empress Place and Clarke Quay will be...
Singapore's development into a vibrant and distinctive city will be done in a sustainable way. And the newly-formed Inter-Ministerial Committee on Sustainable Development will be launching its blueprint on this next year. National Development Minister Mah Bow Tan said this will provide a comprehensive road map of initiatives and measures to sustain Singapore's development for the next 10 years and...
Young couples must be realistic, says Mah AMID concern that young couples are being priced out of the public housing resale market, National Development Minister Mah Bow Tan said the Government spent, on average, $1.4 billion a year over the last five years on its commitment to keep housing affordable - and has allocated a further $1.6 billion this coming financial year. Last year, demand for public...
ONE tenant of a public rental flat installed a split-airconditioner in her flat, thanks to her children. Another asked for a season car-parking label. Still other tenants of such heavily-subsidised rental flats - meant as a “final safety net” for the needy with no other options - have been known to sublet their units. The Housing and Development Board (HDB) will not hesitate to clamp down on such...
Lease Buyback Scheme to benefit the elderly Some 25,000 households - or 70 per cent of elderly two and three-room flat owners - will qualify for the Housing and Development Board’s (HDB) new Lease Buyback Scheme (LBS) that kicks off next year. The HDB will buy back the tail end of the flat’s lease from elderly owners at market value, so that they can “unlock” the value of their flat. The lessee...
Those who apply to update their addresses on their identity cards will be required to furnish proof that they are indeed living at the addresses stated. The move is to protect innocent victims from being harassed by loansharks. Senior Minister of State for Law and Home Affairs Associate Professor Ho Peng Kee announced this in Parliament on Thursday when responding to concerns raised by MPs over illegal...
National Development Minister Mah Bow Tan assured Singaporeans in Parliament on Thursday that compulsory acquisition of a HDB flat is the "absolute last resort" – a serious decision carried out only after all other measures have been exhausted. Mr Mah said this when he gave what he called "the full picture of Madam Judy Mitchell" – whose plight was highlighted by her MP Ong Kian Min of Tampines GRC...
Hong Leong Asia's foray into China is paying off for the company. Its China operations and building materials unit both helped to boost its full-year net profit to S$95.4 million, up 56 percent on year. Revenue rose 30 percent to S$3.2 billion. Hong Long's share of profit from associates increased to S$25.4 million in 2007, a turnaround from the loss in 2006 of S$500,000. Most of the contribution come...