It could be third time lucky for Pine Grove estate along Ulu Pandan Road. MediaCorp understands that the condominium's third attempt at an en bloc sale received the necessary 80 per cent majority approval last Saturday. According to residents, the reserve price is set at S$1.7 billion, setting the stage for Pine Grove to become Singapore's largest residential collective sale, beating the 2007 record for...
General
The Urban Redevelopment Authority (URA) has received six valid bids for the white site at Peck Seah Street/Choon Guan Street at the close of the tender on Tuesday. The site has an area of about 15,000 square metres and a maximum gross floor area of over 157,000 square metres. The white site allows developers to have the flexibility to develop the site for commercial, hotel or residential development, or...
Adora Green, the first DBSS (Design, Build and Sell Scheme) public housing development in Yishun had its groundbreaking yesterday on-site at Yishun Avenue 11, in a ceremony graced by Mr K Shanmugam, Minister for Home Affairs and Minister for Law. The development is expected to launch some time in the first quarter next year. Conveniently located at the junction of Yishun Ave 11 and Yishun Central, within...
But overall sales rebound amid rosy economic outlook Sales of new private homes in the suburban area plunged 25 per cent last month from the previous month, likely hit by the return of executive condominiums (ECs), according to analysts. However, growth from other areas lifted overall October home sales to 1,058 units, up 16 per cent from the 911 in the previous month, according to Urban Redevelopment...
Two iconic Bukit Timah properties, Serene House and Serene Centre, will be put up for sale today, according to marketing agent Colliers International. Serene House, at Jalan Serene, is a four-storey block comprising 24 walk-up apartment units. The 39,828 sq ft freehold site is zoned for residential development and has a gross plot ratio of 1.4. The successful buyer has the option to combine the...
A hotel site in Tanjong Pagar was released for sale on Monday via a public tender. The Urban Redevelopment Authority (URA) said the Gopeng Street/Peck Seah Street site was made available for sale through the so-called Reserve List system in February 2008. The sale process was triggered earlier this month when URA received an application from a developer to put up the land parcel for tender. The unnamed...
China's largest banks have not stopped making new loans to property developers but are keeping such loans at low levels, executives from some of the lenders said yesterday to refute a report in a state-run newspaper. Chinese banks have been facing additional scrutiny over loans to the property sector because existing government measures have had a limited impact on cooling the overheated domestic...
Fragrance Properties, the property development unit of Fragrance Group, is acquiring a site at Upper Paya Lebar Road for S$28 million. Known as MK23 Lot 03331T, the site currently houses a block of old apartments. The freehold site is zoned for residential development. It has a total land area of 3,173.6 square metres and has a maximum gross plot ratio of 1.4. The land can yield a maximum permissable...
Sales of private home units rebounded in October, climbing above the 1,000 units level yet again. Data released on Monday by the Urban Redevelopment Authority (URA) showed that 1,058 private units were sold last month. Including Executive Condominiums, the total sales would have reached an even more impressive figure of 1,587. That's higher than the 911 units sold in the previous month. Chalking up the...
The Housing & Development Board (HDB) is launching the land at Yuan Ching Road for sale by public tender under the Design, Build and Sell Scheme (DBSS) on Tuesday. The tender will close at noon on January 5 next year. The site is located near the Jurong Lake district, which will be developed into a unique lakeside destination for business and leisure. It is also near Jurong Point, IMM, Taman Jurong...