The Urban Redevelopment Authority (URA) said the tender for a commercial and residential site at Hillview Avenue closed on Thursday with a total of 12 bids. The highest bid of S$289.77 million came from Tuas Technology Park, while the joint bid by Sing Holdings Limited and Fragrance Group Limited came in second at S$282.21 million. Sim Lian Land and Sim Lian Development jointly handed in the third...
General
La Meyer at 66 Meyer Road has been for offered for en-bloc sale by tender, property consultants Cushman & Wakefield, handling the sale, said in a statement. The freehold site in the exclusive Meyer Road vicinity has a land area of 50,560 square feet and is expected to fetch a price above S$98 million. The statement said developers can build up to a gross floor area of about 78,000 square feet, based...
This year's second-largest initial public offering (IPO) has a flat showing on its first trading day on Wednesday. Mapletree Commercial Trust opened a tad higher but soon gave up early gains to end at its IPO offer price of 88 cents. The real estate investment trust (REIT) is the most actively traded counter in the Singapore Exchange during the session, with some 140 million units changing hands. The...
The Housing and Development Board (HDB) has received overwhelming support on plans to remake estates like Hougang, East Coast and Jurong Lake. Almost all of the 13,000 people surveyed said they were looking forward to the S$1 billion 'Remaking Our Heartland' plans for those areas. The exhibitions for those plans had attracted some 77,000 visitors in January this year. A new town centre, with new...
Property giant CapitaLand posted a net profit of S$101.5 million for its first quarter performance ended March 31. This is more than tripled the restated S$29.8 million net profit from the same period one year ago. The group attributed the higher net profit to increased contributions from its Singapore, China and Australian projects. Some of its key projects include The Interlace and The Wharf in...
Frasers Centrepoint Malls has officially opened its latest neighbourhood mall at Bedok Town Centre on Tuesday. Bedok Point features over 70 shops, with many F&B tenants located on the first level. Fraser & Neave Chairman Lee Hsien Yang graced the opening of the four-storey Bedok Point - which is the 9th in the companies' mall portfolio. The mall has a total net lettable area of 81,000 square...
The Urban Redevelopment Authority (URA) has released three residential sites for sale on Tuesday. The two land parcels at Flora Drive and Woodlands Avenue 2 are launched for sale under the Confirmed List of the 1st half 2011 Government Land Sales Programme. Potentially yielding about 380 housing units, the site at Flora Drive is located in a residential estate in Pasir Ris. With a site area of about...
HDB resale prices went up in the first quarter of this year, but Cash-Over-Valuation (COV) premiums fell during the same period. COV premiums for HDB resale flats dropped 9 per cent, or a S$2,000 decrease, to S$21,000 for the first quarter of this year, according to data from the Housing and Development Board. Observers attributed the decrease to the Government's cooling measures but were divided on...
Mainboard-listed Global Logistic Properties (GLP) is offering 3 billion yuan (S$567 million) in fixed rate notes under its newly established medium-term note programme, a move that boosts Singapore's role as an offshore centre for the Chinese currency. GLP said yesterday its first yuan-denominated note is an integral part of its plan to diversify its sources of funding. The company, which has logistics...
Paying nothing as a deposit for a new flat or covering monthly mortgages with Central Provident Fund contributions do not mean public housing is affordable, the National Solidarity Party said yesterday. At current housing prices, buyers will have to service their loans for the next 30 years, which will wipe out the CPF accounts of many buyers, leaving them with little for retirement, NSP secretary-general...