New Changi Hotel, a freehold non-residential redevelopment site along Changi Road, has been put up for sale by public tender. Situated in an established mix of residential and commercial area, the strata-titled development sits on a land area of about 2,456 square metres (26,433 square feet). The site is located near Paya Lebar and Eunos MRT stations and is well served by the Pan Island Expressway and...
General
Amber Towers, a freehold residential project at Amber Road, is up for en bloc with a price tag of $168 million to $172 million. This works out to $1,152-$1,180 per square foot per plot ratio (psf ppr), given the potential gross floor area of 145,813 sq ft that a new project on the site could yield. No development charge is payable. The 35-year-old Amber Towers consists of 54 apartments. Amber Towers is...
The Housing & Development Board (HDB) will on Wednesday launch two sites at Bendemeer Road/Whampoa East and Tampines Central 7 for sale. The sites are under the confirmed list of the first half 2011 Government Land Sales (GLS) Programme. The condominium site at Bendemeer Road/ Whampoa East has a 99-year lease and can accommodate 780 units. It is within walking distance of the Boon Keng MRT station...
Singapore property developer CapitaLand said it is in China for the long run, despite a slew of cooling measures by the authorities to curb speculation in the Chinese property market. The measures have caused price increases to slow in recent months. Just last week, Beijing introduced a regulation which requires buyers not registered with the city to pay taxes for at least five years before buying their...
A buoyant property market in Singapore has lifted the full-year net profit of UOL Group by 76 per cent to S$745.8 million for the period ended December 31 last year. UOL said its higher net profit came on the back of strong property sales, where 1,240 residential units were sold last year. That boosted group revenue to hit a record S$1.3 billion. The increased earnings was also due to the progressive...
Property developer CapitaLand achieved net profit of S$1.27 billion for the full year ended December 31, a 21 per cent rise on-year. This marks the fifth consecutive year that CapitaLand has delivered net profit exceeding S$1 billion. The firm said the strong performance was due to contributions across the Group's businesses in the core markets of Singapore, China and Australia. It also came on the back...
Singapore's green drive is reaching new heights. It now boasts of having the highest solar panels in Southeast Asia at the Ocean Financial Centre. The 43-storey building is the first office development in Singapore to be awarded the Platinum Green Mark Award. Nestled in the heart of Singapore's financial district, the Ocean Financial Centre stands out with its sloping roof. But it is what is on its roof...
Luxury property fund The Hideaways Club is here to look out for high-end apartments for its new timeshare property portfolio, called The Hideaways Club - City Collection. Founder of The Hideaways Club, Mr Mike Balfour, was here just last week to review a range of Singapore luxury properties. Relying on his team of property hunters, he has his eye on a few choice high-end units here. But it will unlikely...
Chinese cities, including Shanghai and Guangzhou, will restrict home purchases after new property curbs by the government aimed at preventing a housing bubble. The two cities will ban local residents who own two or more homes from buying more property and non-local homeowners from making additional purchases, according to the state-run Xinhua news agency and the Guangzhou Daily yesterday. Other cities...
CapitaLand China has entered into a sale and purchase agreement to acquire an additional 39.27 per cent stake in LFIE Holding from an unrelated party for S$125 million. Capitaland currently owns a 6.95 per cent stake in LFIE, a holding company for real-estate investments in China. The acquisition of shares is expected to be completed in the first quarter of this year. LFIE owns a 575 thousand square...