SINGAPORE should be able to handle a population of slightly above six million, but beyond that would be 'worrying', said the chairman of the Centre for Liveable Cities advisory board Liu Thai Ker. Mr Liu, a former chief executive of the Housing & Development Board and Urban Redevelopment Authority, said that since Singapore has planned for a population of 5.5 million, a 10-12% increase to a population...
General
New sales gallery and service centre to target S'porean, foreign buyers MALAYSIAN developer UOA Group has set up an office at Suntec City as it looks to grow the number of Singaporeans and other foreigners who buy its high-end commercial and residential projects. 'It is a common worry for buyers of properties overseas that there will be poor after-sale services for leasing, sales, repairs and payments,...
Private equity fund manager Gaw Capital Partners hopes to break into the Singapore market with its bid to buy the historic Capitol Theatre and surrounding properties at City Hall. The company intends to build an iconic entertainment and hotel project on the site if it wins the bid. The company has engaged Herzog & de Meuron - the architectural firm behind projects such as Beijing's National Stadium...
City Developments and its joint venture partners, Hong Leong Holdings and Hong Realty, have sold 80 per cent of the 200 units released at a private preview of NV Residences on Wednesday. Priced at an average of S$830 per square foot, the 99-year leasehold apartments at the 642-unit development range from S$557,000 for a one-bedroom unit to S$1.9 million for a penthouse. The development consists of eight...
Top offer for Jalan Eunos site is 26.5% more than next highest DEVELOPERS' mixed reading of the impact of the new property market cooling rules was apparent at a state tender yesterday. Far East Organization's top bid of $414.57 per square foot per plot ratio (psf ppr) for a 99-year leasehold private residential site at Jalan Eunos was 26.5% more than the next highest $327.76 psf ppr from GuocoLand. The...
HDB yesterday released two residential sites - one for an executive condominium (EC) at Pasir Ris and the other for private housing at Sengkang. The EC parcel, which is at the junction of Pasir Ris Drive 1 and Elias Road, can yield 320 flats. It is being launched under the government's Confirmed List. The Sengkang plot is available for application for sale under the Reserve List of the government's land...
The recently concluded Hungry Ghost Month may have scared away some property buyers in the auction market. Property consultant Colliers International said Wednesday only three properties worth a total of S$5.2 million were sold by all auction houses during the Hungry Ghost Month period. The three properties included two shophouses at Dunlop Street, an HDB shop at Bishan and a strata factory at Toh Guan...
Another apartment is angling for an en bloc sale. Owners of Glenville off Upper Serangoon Road are asking between S$38 and S$40 million for the property. That works out to about S$715 to S$745 per square foot per plot ratio for owners of the 32-unit, freehold residential development located at Lim Tua Tow Road The site spans 43,335 square feet with a gross plot ratio of 1.4. It can be built up to five...
The Urban Redevelopment Authority (URA) has received five bids for a residential site at Jalan Eunos at the close of its tender on Tuesday. The land parcel was offered for sale on a 99-year lease on July 20. The site has a land area of 41,261 square metres and a maximum gross floor area of 57,766 square metres. The highest bid submitted for land parcel came from a joint bid by Tuas Technology Park and...
Luxury hotel brand Langham is doubling the number of hotels in its global portfolio to 50 within the next five years. The hotelier said year-to-date, its revenue has grown by over 20 per cent compared to a year ago. And it's looking for more room to grow, including in the Chinese market, which Langham said will be driven by domestic demand. A night's stay at the Langham hotel in London will cost at...