CapitaLand has acquired a residential site in Hangzhou for S$213.27 million (RMB1,113.98 million) in government land tender. This translates to about S$2,662.35 per square metre per plot ratio. The 32,040-square-metre residential site is located in Hangzhou's Gongshu District and has an approved gross floor area of 80,105 square metres. CapitaLand said it plans to build an estimated 700 units of mid- to...
General
The Urban Redevelopment Authority (URA) has granted Frasers Commercial Trust (FCOT) an Outline Planning Permission (OPP) for the redevelopment of KeyPoint building, located at 371 Beach Road, into a commercial and residential development. The OPP was granted subject to key terms and conditions, such as the re-zoning of the lot on which the property is situated from commercial to mixed commercial and...
The Meyerise is located in the prime district 15, surrounded by the serenity of nature. The project showcases a panoramic vantage point of Singapore's dynamic city space. Standing at a height of 31 storeys, the development stand magnificently as the jewel of the East. The Meyerise is merely a minute’s drive away from the all time favourite Marine Parade and Suntec City and Singapore’s most happening...
Singles buying a resale flat for the first time will receive more assistance from the government. The monthly income ceiling to qualify under the single Singapore Citizen scheme will be raised to S$5,000, up from S$3,000. Singles will also enjoy a CPF Housing Grant of S$15,000, up from S$11,000. And those applying under the Joint Singles Scheme will see the monthly income ceiling raised to S$10,000, and...
Singapore private home sales jumped 17 per cent in July from the previous month, to 1,386 units. The Urban Redevelopment Authority (URA) said suburban area sales accounted for 754 units, or 54 per cent of the total sold. The city fringe accounted for 510 units, or 37 per cent, while nine per cent of those sold were central area units. Including Executive Condominiums (ECs), the total sales in July would...
The 509-unit condominium River Place located at Havelock Road has long been a favourite among property investors and expatriate families largely because of its location — just at the edge of the CBD and overlooking the Singapore River, say property agents. It’s also within walking distance to the nightspots in the Mohamad Sultan neighbourhood, Robertson Quay, Boat Quay and Clarke Quay, as well as the...
The Housing and Development Board (HDB) said it will launch 5,500 Build-To-Order (BTO) flats in September and 4,000 BTO flats in November. The flats will be in different towns, such as Punggol, Sengkang, Hougang, Yishun, and Jurong East. These two launches will bring HDB's total BTO supply this year to 25,000 flats. HDB will complement the September BTO launch with the launch of at least 2,500 flats...
Housing chief gives reassurance that construction industry can cope with increased supply of BTO flats The construction industry will be able to cope with the demand of building new flats, said National Development Minister Khaw Boon Wan. The Housing and Development Board (HDB) announced today that they would be building 25,000 new build-to-order (BTO) flats next year. The HDB also announced today that...
The Urban Redevelopment Authority (URA) has launched an industrial site at Woodlands Avenue 12 for sale by public tender. The land parcel was made available for sale through the Reserve List system on 24 March 2011. The tender was triggered because URA received an application from a developer at a price of at least S$56.15 million for the land parcel on a 60-year lease. The 1.9-hectare site has a...
The government will raise the qualifying income ceilings of households for HDB's Build-To-Order (BTO) flats and Executive Condos (EC), said Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday evening. The qualifying income ceilings of households for BTO flats will be increased from the current S$8,000 to S$10,000, and for ECs from the current S$10,000 to S$12,000. Prime Minister Lee...