The Urban Redevelopment Authority (URA) has released the detailed sales conditions for the two commercial sites at Venture Avenue and Cecil Street / Telok Ayer Street today. The land parcel at Venture Avenue is launched for sale by public tender under the Confirmed List, while the land parcel at Cecil Street / Telok Ayer Street is made available for application for sale under the Reserve List of the 2nd...
General
The Housing & Development Board (HDB) and Urban Redevelopment Authority (URA) are releasing two sites for sale. The land parcel at Commonwealth Avenue was launched for sale on Tuesday under the Confirmed List. In addition, New Upper Changi Road (Parcel B) is also made available for sale on the Reserve List. Together, these two sites can yield about 1,300 residential units. Both are 99-year leasehold...
The Singapore Sports Hub has appointed SMRT Alpha to lease and operate 41,000 square metres of commercial retail space at the Singapore Sports Hub. This new joint venture is a partnership between subsidiaries of SMRT and NTUC FairPrice. The retail mall and waterfront area will feature a variety of indoor and alfresco food and beverage outlets. For shoppers, the mall will offer a wide range of stores and...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential at Alexandra View to Singland Homes Pte. Ltd. The company submitted the highest bid in the tender for the site at S$970 per square foot per plot ratio (psf ppr). This works out to S$332.68 million for a total site area of about 6,501 square metres. Property analysts are estimating the breakeven price to fall between...
Frasers Hospitality has been conferred the World's Leading Serviced Apartment Brand at the 19th World Travel Awards held in New Delhi. Often regarded as the "travel Oscars", the World Travel Awards are the largest, most comprehensive and prestigious awards in the travel industry. This is the first time in a 20-year history that the awards have been extended to the serviced apartment sector. Frasers also...
The number of new private homes sold in November fell to the lowest level in 2012. Excluding executive condominiums (ECs), 1,087 units were sold in November -- 44.2 percent less than in October. It is also the second straight month of decline. October saw 25.7 percent less homes moved in at 1,948 units. Analysts attribute the decline to fewer property launches last month. Savills' research head, Alan...
Housing experts say the supply rate of executive condominiums (EC) into the housing market can afford to slow down, as some 20 per cent of units launched as part of seven EC projects this year remain unsold. "I think EC units would have probably hit the ceiling in terms of amount, so I probably think this year we will hit close to about 4,000 being supplied to the market," said Donald Han, special advisor...
Singapore will make available for sale sufficient land to build about 14,000 private homes in the first half of next year, the government said on Friday. The Ministry of National Development (MND) said this as it unveiled the Government Land Sales Programme for the first half of 2013 (1H2013). There will be 12 private residential sites, including five executive condominium (EC) sites, and one site for a...
Contractors say resources are being stretched following the move to increase the supply of Build-To-Order flats in the last two years. But they said this has driven them to be more productive. The Housing and Development Board (HDB) said it is also working closely with contractors to ensure that they deliver their projects on time, if not earlier. More than 27,000 Build-To-Order flats were launched this...
The Ministry of National Development (MND) has announced the first half 2013 (1H2013) GLS Programme, which will provide an adequate supply of private housing to meet continued demand from home-buyers. The sites will yield about 14,000 private residential units, including 3,100 Executive Condominium (EC) units, comparable to the GLS programme in the second half of 2012. In addition, there is a potential...