Question from Bill Tay I bought a 8,788 sq ft detached house in Pasir Ris Beach Park with a balance of 67 years in the tenure. Can you advise me on the following: Is it worthwhile to build a pair of semi-detached houses with a development charge of $150,000 and building cost of $1.5 million? What do you think is the likelihood that I would be able to top up the lease to 99 years, given that this estate...
General
Mainboard-listed luxury resorts operator Banyan Tree says it has sunk deeper in the red. It made a net loss of S$9.2 million in the second quarter this year, wider than the S$4.2 million loss incurred in the year-ago period. Banyan Tree said this was mainly due to the adverse impact of anti-government riots in Bangkok in April and May this year. It added that this was further compounded by the Iceland...
If ever a building threaded itself into the hallowed history of New York City, it is the red brick town house at 41 Charlton Street, framed by lustrous wrought-iron railings topped with little pineapples, a symbol of hospitality. Built in 1827 by John Jacob Astor, it occupies what was originally the site of Richmond Hill, the Georgian mansion that served as Aaron Burr's country seat. Over the decades the...
The Executive Condominium (EC) market looks set to stir when new projects are launched over the next three to six months. According to property consultancy CB Richard Ellis (CBRE), Executive Condos are making a comeback after a hiatus of five years as the government steps in to ramp up the supply of flats for middle-income home buyers. Four new EC projects in Compassvale Bow, Punggol Field, Buangkok and...
The Lanai is an elegant residential development nestled on Hillview Avenue - a prestigious and serene residential enclave. It is located minutes to Bukit Gombak MRT Station and the upcoming Hillview MRT Station – slated for completion in 2015. The Lanai is close to Bukit Batok Nature Park and Bukit Timah Nature Reserve, providing a perfect sanctuary for those seeking pure tranquility. With only 214...
Despite Singapore's property market seeing a boom, the Housing and Development Board (HDB) has received no bids at the close of the tender for a residential site at Jurong West Street 42 on Thursday. The land parcel has a land area of over 16,800 square metres and a maximum gross floor area of about 50,445 square metres. The site is slated for Executive Condominium housing and has a lease period of 99...
CapitaMalls Asia has priced an issue of S$350 million unrated fixed rate notes at 3.95 per cent. The notes will mature on August 24, 2017, and the interest on the notes is payable half-yearly in arrears. This is the first series of notes issued under a S$2 billion Euro-Medium Term Note Programme established by CapitaMalls Asia Treasury in April this year. Under the programme, CapitaMalls Asia Treasury...
Location: Mergui Road (District 8) Tenure: Freehold Year of Completion: 2015 Site Area: 89,467 sqft Total Units: 250 Unit Types: 2 bedroom ~ 958 to 1,259 sqft 2 + study ~ 1,076 to 1,163 sqft 3 bedroom ~ 1,238 to 1,518 sqft 3 + study ~ 1,367 sqft Penthouse ~ 2,110 to 2,971 sqft Facilities: 50m Lap pool . Children’ pool . Water Jet Pool . BBQ Pavilion . Children’s playground Multi-purpose court . Roof...
Property firm City Developments says its second quarter net profit came in at S$164.6 million, up 17.6 per cent on-year. The firm saw higher contributions from its residential and hotels divisions. Revenue increased 19.6 per cent on-year in the second quarter to S$941.6 million. CDL says its property development segment remains the main contributor to profit, accounting for more than 50 per cent of its...
Property developer Soilbuild says its second quarter profit rose by 66 percent on-year to S$32.7 million. This is despite revenue falling by 24 per cent on-year to S$73.6 million. Soilbuild says the decline in profit was partly offset by fair value gains recognized on revaluation of two projects currently under development for lease. The firm has declared a maiden interim dividend of 0.5 cents a...