Movie superstar Jackie Chan and singer/song writer Wakin Chau have again picked up a few apartments - this time in Twin Peaks condo at Leonie Hill Road. The Business Times understands that Mr Chan has bought two units on one of the lower floors of the 35-storey project, while Mr Chau purchased a unit on another floor. The units are said to be one bedders of 571 square feet each. Units in the 99-year...
General
Skyline Residences is a freehold condominium located along Telok Blangah Road, just opposite the upcoming Telok Blangah MRT. It is in close proximity to Vivo City - Singapore's largest retail & lifestyle destination, the Sentosa Integrated Resort, and the Central Business District. Skyline Residences is strategically aligned with North-South orientation for all units. Enjoy exclusive living with...
HDB revised the income ceiling for Build-to-Order (BTO) 3-room HDB flats in March this year. Since then, 43 applicants have switched to smaller flats which they said is easier on their pocket. Under the old rules, 23-year-old sales associate Tan Jie Ying and 29-year-old Tay Choon Yao, a photography producer, applied for a four-room flat. But with the income ceiling raised from S$3,000 to S$5,000, the...
CapitaMalls Malaysia Trust's manager CapitaMalls Malaysia REIT Management (CMRM) is acquiring a mall in Kuantan, Malaysia for RM310 million (S$126 million). Including the acquisition fee and expenses, the total acquisition cost for East Coast Mall works out to be RM330 million (S$134.1 million). The firm plans to fund the acquisition through a mix of debt and equity. Proceeds should come from a proposed...
Prices at Park Infinia at Wee Nam hit an all time high of $2,180 psf last month. This is the second time prices at the three-yearold condominium along Lincoln Road have breached the $2,000 psf level. Before this, a 560 sq ft unit on the 30th floor was sold for $1.13 million ($2,019 psf) in April. The 486-unit condo was developed by Keppel Land and completed in 2008. Across the road, at the 85-unit Miro by...
Thomson Grand is a new condo cum strata houses development in Thomson. It is ideally located where it is easily access via major roads and expressways such as Upper Thomson Road, the Pan Island Expressway and the Central Expressway. The residents of Thomson Grand enjoy the convenience of the public transportation system to rest of Singapore via the Marymount MRT Station. Thomson Grand is a popular choice...
The historical Balestier area is going through a makeover, with swanky new residential projects and several hotels now seen lining its streets. It is also attracting high demand from young couples and professionals looking for a convenient city fringe property. Still, home prices in Balestier are not rising as fast as other city fringe areas, but analysts say this trend may change once government works...
Orchard Road has moved up one place in the global ranking of rents because of the strong Singapore dollar. It moved up a notch to 26th place in the Global Retail Survey 2011 carried out by Colliers International. However, Orchard Road moved down a spot to seventh place in the Asia Pacific region in 2011 with the inclusion of Hong Kong's Queen's Road in the latest survey on rents in the world's premier...
In a flurry of announcements since he assumed office on May 28, National Development Minister Khaw Boon Wan has demonstrated urgent resolve to deal with housing concerns ranging from high prices to out-dated eligibility requirements and the inadequate supply of new Housing and Development Board (HDB) flats. Housing was a hot topic during the General Election last month. The prevalent view then was that...
To realise the Government's commitment to ramp up the supply of flats over the next few years, the Housing and Development Board (HDB) is looking to woo more contractors to bid for public housing projects. Construction companies, however, are urging the Government to postpone its tightening on the influx of imported labour. The construction industry has churned out an average of between 15,000 and 17,000...