Two industrial sites at Sunview Road and Tuas South Street 8 have been launched for public tender by JTC Corporation. Both sites have been slated for clean and light industrial uses only. The site at Tuas South Street 8 has a shorter tenure of 22 years. This is in line with the government's efforts to make industrial property more affordable. Still, some analysts believe the site will attract strong...
General
Two weeks ago, a front page news report in a business daily blasted the commonly held notion that Singapore's private housing market is red hot, at least where developer sales are concerned. The report - drawing on a study by Savills - said that compared to 2007, the market actually underperformed last year, even as home sales in terms of total units sold were higher. It said the market would most...
Far East Organization has priced its hospitality trust listing at 93 Singapore cents per stapled security, the top end of its indicative price range. The public offer opens at 9am on Friday, and the trust manager said it believes the timing of the listing is right. Targeting to raise about S$1.49 billion, Far East Hospitality Trust is the largest initial public offering (IPO) in Singapore this year. The...
NOUVEL 18 a Singapore coveted and premier address that signifies prestige like no other is another exclusive development brought proudly 2 Singapore leading developers – City Developments Limited and Wingtai Asia into the prime district 10 for the creme de la creme of society. Enveloped within the serenity of nature, life is absolutely beautiful with rustling leaves orchestrating the sound track of your...
Raffles Quay Asset Management (RQAM) on Thursday said it has achieved a commitment level of over 70 per cent for its Marina Bay Financial Centre (MBFC) Tower 3. In a statement, RQAM added that it has signed on new tenants, including Mead Johnson, Berge Bulk, Clifford Capital and Clyde & Co. These new tenants, from industries such as shipping, financial investment, legal, and paediatric nutrition will...
eCO – a new development located along the raintree-lined Bedok South Avenue 3 and nestled within an established private residential estate offers five residential lifestyles – SOHO, Suite, Loft, Condominium and Townhouse, all within one gated community. Community in a Garden eCO is conceived “in harmony with nature” where garden spaces are tastefully landscaped to create a realm of tranquillity and...
Kovan Lodge, a freehold residential site at Kovan Road is up for sale by tender, according to marketing agent Mount Everest Properties. Sited on a 27,090 sq ft plot, Kovan Lodge could be redeveloped into a larger residential development, subject to approval by the relevant authorities. If approval is granted to acquire an adjoining 505 sq ft state land parcel, the development could have a built up of...
The Urban Redevelopment Authority (URA) has launched the site at Victoria Street / Jalan Sultan for sale by public tender today. The land parcel was made available for sale through the Reserve List system on 25 April 2007. On 1 August 2012, URA announced that it had received an application from a developer to put up the land parcel for tender. The developer has committed to bid at a price of not less than...
Shan Gate Apartments along Shan Road is up for collective sale, according to marketing agent Remax. It said that sellers expect bids to range between S$51.5 million and S$53.5 million, reflecting land rates of S$1,010 to S$1,049 psf ppr based on a gross plot ratio of 2.8 and excluding balcony allowance. If balcony space is included, the price works out at S$918 to S$953 psf ppr. Each unit owner could...
Four thousand new hotel rooms are expected to be ready by 2013 to alleviate room shortage in Singapore. To cater to tourists looking to stay away from the city, a growing number of industry players are developing hotels in the heartlands. Under the Government Land Sales programme, developers have bid for hotel sites in suburban areas such as Balestier, Farrer Park and even further west in Alexandra and...