An old bungalow in Kampong Bahru may be developed into a childcare, student care or eldercare facility. Built in the 1930s, the Running Bungalow at Spooner Road has an area of 1,010 square metres (sqm) with a total usable floor area of around 569 sqm. It sits on land formerly owned by the Malaysian State Railway, Keretapi Tanah Melayu Berhad (KTMB). The building was a rest stop for train drivers, and...
General
Waterbay, the latest executive condominium project at Punggol has seen strong demand from eligible home buyers when bookings opened October 19. Its developer Qingjian Realty said over 200 units out of a total of 383 units were snapped up. Qingjian said the three-bedroom and four-bedroom dual-key units were popular with the buyers, as were the penthouse units. Prices range from S$560,000 for a...
Dynasty Real Estate Investment Trust (REIT) opens its yuan-denominated initial public offering today in Singapore's first flotation to be sold in the Chinese currency, seeking to raise up to 5.4 billion yuan or S$1 billion in what is set to be the largest new share sale here this year. Units in the trust, backed by Hong Kong billionaire Li Ka-shing and sponsored by ARA Asset Management, will be tradeable...
Punggol may be touted as Singapore's hottest new estate after the Housing and Development Board (HDB) unveiled new plans for the area, but analysts said condominium prices and rentals may be tepid in the next two to three years. In the past year, private housing developments in Punggol have been selling like hot cakes, as the government has consistently released land for home developments. So far, three...
Far East Hospitality will be unveiling two new hotels in Singapore come 2013. This is part of its plans to double its property portfolio in the next five years. The hospitality operator currently manages eight hotels and nine serviced residences in Singapore. It also oversees the Sri Tiara residences in Kuala Lumpur, Malaysia. East Village Hotel in the Katong district and The Amoy Hotel at Far East...
Mapletree Logistics Trust (MLT) saw a 1.2 per cent on-year increase in its distribution per unit (DPU) in the second quarter of its financial year. Its DPU for the three months ended 30 September 2012 came in at 1.71 cents, up from the 1.69 cents announced in the same period a year ago. Amount distributable to unitholders during this period rose by 1.2 per cent on-year to S$41.4 million. Gross revenue...
The controversy surrounding shoebox units has spurred many diverse viewpoints in the past. And now a new report by Savills Research called “Shoebox units – Is small smart or is bigger better?” is championing the role such homes have in major cities around the world. According to Savills, homes as small as 250 sq ft can successfully meet demand for city centre living amongst young professionals, for...
CapitaLand, through its subsidiary CapitaValue Homes Limited, has acquired its second residential site in Pudong, Shanghai for RMB166.29 million (approximately S$33.26 million). The 36,920 sq m land parcel will be developed into some 700 value homes and offer 15,000 sq m of commercial space. Located in the town of Wanxiang in Lingang New City, the site was purchased through a government tender by...
The Council for Estate Agencies (CEA) has launched a mobile version of its online Public Register of Estate Agents and Salespersons. Called "CEA@SG", the new mobile application is CEA's first app for devices running on iOS and Android platforms. It features the same search functions as those offered on the Public Register on CEA's website (www.cea.gov.sg). With the app, members of the public can now...
There are plans to develop the land around Woodlands MRT station into a regional centre. They are part of the government's strategy to bring jobs closer to homes in Singapore's heartlands. National Development Minister Khaw Boon Wan said the Urban Redevelopment Authority (URA) has begun to review the development plans for the area. It is part of the current Master Plan review exercise, now that the...