JTC Corporation put up five plots of land for sale by public tender on Friday. Located at Tuas South Street 7, 8, and 9, these industrial sites range from 0.30 to 0.57 hectare (ha) in size. They each have a lease of 23 years and a maximum permissible gross plot ratio of 1.0. In a media statement, JTC said these smaller plots with shorter tenure are to help meet the needs of industrialists who prefer to...
General
Bugis Cube is located at North Bridge Road, within a 10 minute walk to 5 MRT stations. It is across Bugis Junction Mall and Hotel Intercontinental. With ERC Institute (ERCI) expected to use a level for academic purposes, this education mall will be focused on the young. Potential tenants will include F&B and electronics, creating a very lively concept. Location: 470 North Bridge Road Tenure: 999...
The Urban Redevelopment Authority (URA) has closed the tender for the industrial site at Kaki Bukit Road 5 / Kaki Bukit Avenue 6. The tender for the industrial site attracted eight bids. According to the Urban Redevelopment Authority (URA), civil engineering firm Hock Lian Seng Holdings put in the top bid of S$27.3 million for the site. The other seven bids lodged range from S$14.0 million to S$26.6...
Singapore-listed Orchard Parade Holdings Limited (OPHL), the hotel and property arm of Far East Organization (FEO), is seeking shareholders' approval to divest three hospitality assets into a real estate investment trust (REIT) to be listed on the SGX. In a statement, OPHL said this is part of a corporate restructuring exercise to allow the company explore opportunities in the hospitality management and...
The number of property purchases in some major Chinese cities has picked up, as regulators struggle to combat rumours that Beijing is preparing to loosen curbs on real estate investment to combat slowing economic growth. Property sales in cities including Hangzhou, Shenzhen and Nanjing have sped up in recent months, the official Shanghai Securities News reported. Chinese regulators continue to deny...
The Ministry of National Development (MND) announced today that the second half 2012 (2H2012) GLS Programme will comprise 15 Confirmed List sites and 24 Reserve List sites. These sites can yield about 14,200 private residential units, including 3,100 Executive Condominium (EC) units, 388,000 sqm gross floor area (GFA) of commercial space and 3,700 hotel rooms. The Confirmed List will comprise 12 private...
Singapore has been ranked the sixth most expensive city for expatriates, according to the latest cost of living survey released by global human resource consultancy Mercer. Mercer said Singapore's move from eighth to sixth spot this year is largely due to the slight appreciation of the Singapore dollar against the US dollar. Tokyo ranked first in the survey, moving up one place from 2011, pushing Luanda,...
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Buangkok Drive / Sengkang Central today. The site at Buangkok Drive / Sengkang Central was launched for sale by public tender on 16 April 2012. The site was offered for sale on a 99-year lease. The land spans about 18,340 square metres with a maximum gross floor area of 55,023 square metres. White Haven Properties, a...
The Urban Redevelopment Authority (URA) and the Ministry of Community Development, Youth and Sports (MCYS) have jointly issued new guidelines on land development and use of space for religious activities. These guidelines will take immediate effect. The latest guidelines allow religious groups to make use of industrial premises zoned Business 1 for their activities on a limited and non-exclusive...
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Pasir Ris Drive 3 to Capital Development Pte. Ltd. The company submitted the highest bid at S$211.0 million in the tender for the site. The tender attracted a total of five bids. The residential site was launched for sale by public tender on 16 April 2012 and closed on 5 June 2012. The land parcel was offered...