As you sit on your balcony, would you rather enjoy the sunrise or the sunset over the water? When it comes to property prices, it makes a difference. As measured along the East-West MRT line, you pay less for private housing in the east than you do in the west. Using Raffles Place’s median price per square foot (psf) as the basis for comparison, as you move east or west along the MRT line, prices...
General
The HUDC estate at Hougang Avenue 7 has been privatised under the Land Titles (Strata) Act, after it obtained the required 75 per cent majority support, the Housing and Development Board (HDB) said on Friday (June 13). This means that the Aljunied-Hougang-Punggol East Town Council is no longer responsible for managing and maintaining the common properties of the estate, which comprises 286 units of...
Property analysts say existing shops at Holland Village will have to innovate and keep pace with changing demands when a new mixed-use development in the area opens in the future. Authorities announced on Tuesday that a commercial and residential plot at Holland Road is being released as part of the Holland Village Extension plan, as unveiled in the 2014 Master Plan. Mr Sam Thambi and his family have...
A "Tree House" in Singapore has entered the record books as the world's largest vertical garden. The Tree House condominium in Upper Bukit Timah and on Chestnut Avenue features a 2,289-square-metre vertical garden on its facade. City Developments Limited announced on Wednesday that it was officially recognised by the Guinness World Records. Its green features make it a soaring success as well, and...
The Landscaping for Urban Spaces and High Rises (LUSH) programme by Urban Redevelopment Authority (URA) is helping spread the "green message" in Singapore, said National Development Minister Khaw Boon Wan. In a blogpost on Thursday (June 12), Mr Khaw said the LUSH initiative has supported the development of 40 hectare (ha) of new high-rise and urban greenery, equivalent to the size of 130 primary school...
Resale transactions for non-landed private residential units fell by 7.5 per cent month-on-month in May, and prices dipped slightly to mark a 17-month low since December 2012, according to Singapore Real Estate Exchange (SRX). In its flash report for May released on Monday (June 9), SRX said an estimated 421 transactions were registered, down from the 455 transactions in April. This represented a 42.6...
The Government on Tuesday (June 10) announced the launch of nine confirmed list and 14 reserve list sites under the second half of the Government Land Sales (GLS) Programme. These 23 sites can collectively yield up to 10,200 private residential units - including 1,500 Executive Condominium (EC) units - and 352,000 square metres (sq m) of gross floor area of commercial space, the Ministry of National...
Five former Singapore Improvement Trust (SIT) blocks at Kampong Silat have been gazetted for conservation under the Urban Redevelopment Authority's (URA) Master Plan 2014. Originally there were 15 blocks of flats located at Silat Avenue – mostly built between 1949 and 1952. Some blocks have since been demolished. In 2007, residents moved to Kim Tian Road under the Selective En-bloc Redevelopment...
Two directors and shareholders of Profitable Plots were on Monday (June 9) convicted of conspiracy to cheat investors of about S$979,000. Timothy Nicholas Goldring was handed a seven-year jail term, while another director, John Andrew Nordmann was given eight years' jail. Nordmann's wife, Geraldine Anthony Thomas, was acquitted. District Judge Chay Yuen Fatt found that Goldring and Nordmann had...
Supermarket group Sheng Siong intends to purchase a three-storey Housing and Development Board (HDB) commercial property in Tampines Central for S$65 million, it said in a statement on Monday (June 9). Sheng Siong said it has paid an option fee of S$650,000 for the 3,876 square metre leasehold property to the vendor, S-11 Wan Jin Investment. The property is near Tampines MRT station. The proposed...