Guillemard Court, located along Geylang, Lorong 28, is up for an en-bloc sale. The freehold estate has a land area of 31,684 square feet. It has a plot ratio of 2.8 and can be built up to eight storeys. The existing development is a four-storey walk-up apartment with 32 units The indicative price of the land is S$33 million, which works out to S$360 per square foot per plat ratio. Deans Realtors, the...
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Mapletree Logistics Trust has said it is raising S$300 million in capital through the issue of new shares to fuel its growth plans. The fund raising will comprise a combination of private placement and preferential offering of more than 370 million new units. The Trust said it hopes to raise around S$170 million from the private placement of new units offered at a price range of between 82 and 84 cents...
A 51-year-old man has pleaded guilty to tax evasion by failing to declare his rental income in his 2005 income tax returns. Goh Ah Bah, who owns apartments in places such as Hougang, Bukit Batok and Yishun admitted that he did not declare some S$139,040 in rental income. This means the total amount of tax undercharged is more than S$24,680. Goh will be sentenced on October 13. For committing the...
The Housing & Development Board (HDB) has been conferred the 2010 UN-Habitat Scroll of Honour Award. The award, launched by the United Nations Human Settlements Programme in 1989, is currently the most prestigious human settlements award in the world. The aim of the award is to acknowledge initiatives which have made outstanding contributions such as shelter provision, leadership in post conflict...
Singapore-Malaysia joint venture to develop parcels there The Ophir-Rochor area is touted as the next downtown district, with plans for it to be an extension of the Central Business District. A 2.67-hectare area there will now be developed by a Singapore-Malaysia joint venture, following yesterday's land swap announcement by the two countries. After years of negotiation, both neighbours agreed to a deal...
The Ophir-Rochor area is touted as the next downtown district, with plans for it to be an extension of Singapore's Central Business District (CBD). It will now be developed by a Singapore-Malaysia joint venture, following Monday's land swap between the countries. After years of negotiation, Singapore and Malaysia finally agreed to a deal on Malayan railway land that cuts through the heart of...
Mainboard-listed property developer Soilbuild Group on Tuesday said it has received an offer from investment firm Dolphin Acquisitions valued at S$418 million to privatise the company and to delist it from the Singapore Exchange. Dolphin Acquisitions, a company controlled by Soilbuild's group managing director Lim Chap Huat, has offered to acquire Soilbuild's shares at 80 cents a piece from its...
The Housing & Development Board (HDB) will release two residential sites at Woodlands and Serangoon on Wednesday. The two sites at Woodlands Avenue 1/Woodgrove Avenue and Upper Serangoon Avenue can potentially yield about 805 dwelling units. HDB said the two sites will offer home buyers with more housing choices. The Woodlands site, which is near the Woodlands MRT and regional bus interchange, has...
Rental for prime Orchard Road locations remained stable at about S$31.10 per square foot in July and September after contracting for the last seven quarters. Property consultancy CB Richard Ellis (CBRE) said rent in suburban malls however continued to strengthen. It said this is because of a strong catchment demand. Prime Suburban rents rose to S$29 per square foot, per month between July and September...
HDB has launched two new Build to Order (BTO) projects in Woodlands. A total of 1,329 flats will be offered by the two projects - Woodlands Dew and Woodlands Meadow. 779 flats will be four and five-room units. 95 per cent of the flats will be set aside for First-Timers. Flats in Woodlands Dew will cost between $78,000 for a two room unit to $280,000 for a four-room flat. Flats in Woodlands Meadow will...