Compass Point Shopping Centre is up for sale by public tender. Sengkang Mall Ltd, the owner of the mall, revealed that the proceeds from the sale will go towards a full redemption of its outstanding bonds totalling $335 million due in November 2012. The $201 million secured fixed rate senior bonds and $134 million secured fixed rate junior bonds are secured against Compass Point Shopping Centre. There...
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A new 500-room hotel with six floors of retail space as well as office space will open in Orchard Road in the second half of 2013. Called orchardgateway, the development will straddle the sites formerly occupied by Hotel Phoenix, Specialists Centre and Orchard Emerald. The two towers will be linked by a glass tubular overhead bridge as well as an underpass across Orchard Road. These plans were unveiled...
Real estate fund manager ARA Asset Management is exploring the possibility of a yuan-denominated initial public offering of some of its Asian assets in Singapore this year in what would be the first IPO in the city-state in the Chinese currency, people familiar with the situation said yesterday. Singapore-listed ARA, an affiliate of Hong Kong tycoon Li Ka-shing's Cheung Kong Holdings, is looking into the...
Oxley Tower set to rise from the heart of Robinson Road, Singapore’s Central Business District (CBD). The flexibility of the modular office units suit small and medium businesses perfectly as business owned may choose an office layout that best suits their needs. Coupled with a great balance of work, play and living facilities and amenities, it is the right choice for the future of any business. The...
EON Shenton rises at the coveted site of 70 Shenton Way, illuminating the Tanjong Pagar waterfront with its majestic grandeur. Here in the Central Business District, each and every angle gives rise to international recognition and promises impressive city and sea views that extend towards the waterfront bungalows of Sentosa. Interweaving both residential and commercial spaces seamlessly, it is the epitome...
Westvale Condominium at Pasir Panjang Road has been put up for collective sale with an indicative price tag of S$85.5 million. The 62,710-square-foot freehold site has a potential gross floor area of 96,574 square feet, inclusive of 10 per cent balcony space, and an allowable building height of up to five storeys. The indicative price works out to be about S$892 per square foot per plot ratio. There is...
The new road that will cut across Bukit Brown Cemetery will feature a vehicular bridge for nearly a third of the way. The Land Transport Authority (LTA) released the finalised alignment of the road on Monday. LTA said the 670-metre bridge will go over existing creeks to minimise the impact on the biodiversity in the area. LTA added that fewer graves will be affected than earlier estimates, following the...
A new luxury boutique development at the heart of Katong redefines urban living with one-of-a-kind residential experiences Luxurious contemporary living, heritage and homeliness take centrestage at THE LUSH, a luxury boutique residential development at the heart of Katong. Located at 32 Duku Road, THE LUSH promises contemporary boutique-style urban living amid one of Singapore’s most treasured cultural...
According to developers, a large percentage of those buying new houses prefer to stay in their old neighbourhoods and be close to the shops and people they know, For instance, the recently launched Bedok Residences, about 30 percent of the buyers were already living in Bedok and the nearby Kembangan area, said a spokesman at developer CapitaLand. Also, around 45 percent of the buyers at The Tennery in...
Chinese home prices fell last month from January for a fifth consecutive month and are expected to continue heading south in coming months, underlining the success of Beijing's long campaign to cool property market speculation. Average new home prices across China fell 0.1 per cent last month, versus a drop of 0.2 per cent in January, according to Reuters' weighted home price index based on data announced...