Former minister mentor Lee Kuan Yew said Singapore's vision of a city in a garden needs innovation, ownership and dedication from all levels of society. Speaking at the Flower Dome preview, Mr Lee urged Singaporeans to work with the government to realise this vision and improve the living environment. Mr Lee recalled that the first tree he planted was in 1963 at Holland Road Circus. He stressed cities...
General
With a slew of condominiums being completed in the Cairnhill area, such as SC Global’s 240-unit Hilltops, Wing Tai Holdings’ 140-unit Helios Residences and, most recently, the 58-unit Ritz-Carlton Residences, investor interest has returned to the neighbourhood. The most recent recorded transaction at the freehold Hilltops was in August, when a 1,335 sq ft unit on the third floor was sold by the...
Data for private homes sales are out next week but analysts are already expecting to see a drop in sales. They say private home sales could cool by 15 to 20 per cent on-month to between 1,200 units and 1,600 units in October. Buyers' sentiment was strong in September with 1631 units sold, defying market expectations and perhaps even logic as Singapore was facing a technical recession and a spiralling...
Belvia - a Design, Build and Sell Scheme (DBSS) project situated along Bedok Reservoir Road - has received good response mostly from first-time buyers. At the first phase of booking from November 7 to 9, the development which was reserved mainly for first-timers saw a take-up rate of more than 40 percent. Belvia is a 488-unit project by CEL Development and the first DBSS project in the mature Bedok...
Prices of freehold homes have proven more resilient in the past few months compared to those of 99-year leasehold properties, according to a new report. Credo Real Estate found that price gains for freehold terraced homes and condominiums have exceeded those for similar homes with 99-year leases since Q3 2010. While prices of leasehold condos rose by less than one percent each quarter in the 15 months to...
Treelodge@Punggol has won the Institution of Engineers Singapore' Engineering Awards 2011. The award recognises outstanding engineering skills which have contributed to engineering progress and improved quality of life in Singapore. The HDB eco-precinct completed in 2010 consists of seven 16-storey blocks with 712 units. It has adopted green building technologies to promote sustainable green...
Two important questions have emerged following the Urban Redevelopment Authority's (URA) decision last week to reject the sole bid for a Paya Lebar commercial site. One is whether the bid was too low and the other is whether the reserve price should be revealed for future state tenders. A consortium comprising UOL and Singapore Land was the sole bidder, offering S$566 per sq ft per plot ratio for the...
City Developments (CDL) and its joint venture partners, Hong Leong Holdings and Hong Realty have unveiled plans for their latest residential development, The Palette. The 99-year leasehold condominium, located at Pasir Ris Grove / Pasir Ris Drive 1, has an area of about 461,315 sq ft and is expected to yield 892 apartments across 12 towers when completed in 2016. Prices are expected to range from...
Global Logistic Properties yesterday said its second-quarter net profit more than doubled from the corresponding period a year earlier due to higher contributions from its China operations and currency conversion gains. Net profit was US$200.7 million (S$258.9 million) in the three months ended Sept 30, compared with US$85.4 million a year earlier, the provider of logistics facilities in China and Japan...
Public flats in Singapore may be getting smaller but this has not lowered quality of living, says Housing and Development Board's (HDB) CEO, Dr Cheong Koon Hean. Speaking to reporters on the sidelines of a housing forum on Thursday morning, Dr Cheong noted that there were now fewer persons living in one flat which works out to increased living space per person. "Our families are smaller. In the old days,...