A NEW Peranakan-themed mall will soon take the place of the former Katong Mall and mark the debut mall for Pua Seck Guan's Perennial Real Estate in Singapore. Mr Pua is CEO of Perennial Real Estate and formerly CEO of Capitaland Retail. The mall, located at the junction of East Coast Road and Joo Chiat Road, will have a net lettable area (NLA) of 207,000 sq ft, 20 per cent larger than before. It has...
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The Larvotto development rises above boats moored in the Ap Lei Chau district of Hong Kong. Under a new policy, buyers will only be able to purchase one flat and will not be permitted to resell the unit before its completion date. The guidelines issued by the Real Estate Developers Association follow a police probe into the controversial sale of luxury flats that fell through months after its developer...
Golden Jasmine boasts wide range of facilities The studio apartments in Bishan, Golden Jasmine, boasts a service centre to tend to the needs of its elderly residents - the first of its kind here. Among the facilities for residents are health talks, games as well as a physiotherapy and a traditional Chinese medicine clinic. Service centre staff will also be on hand to respond to emergency calls by...
Even though transactions of new home sales have dropped, prices seem to have held up. For bargain hunters who are looking for properties in the price range of $600 psf, one can consider Choa Chu Kang. Take for instance the 553-unit Regent Grove, a 99-year leasehold condominium located at Choa Chu Kang North 7 (near the Yew Tee MRT station.) It appears to be drawing homebuyers on the lookout for reasonably...
The sky seems to be the limit when it comes to coughing up cash for a resale HDB flat. A 1,860sqf, 24th-floor HDB maisonette at Bishan Street 24 was put up for sale in March. The asking price? A jaw-dropping $950,000, which meant a whopping $220,000 cash premium on top of its valuation of about $730,000. The potential buyer hit a snag with his bank loan application, but the transaction eventually went...
The landlord of the former Katong Mall, due to re-open in the third quarter next year, unveiled key tenants like Golden Village Multiplex, Market Place by Cold Storage and the BreadTalk Group on Friday. After a $60-million facelift, landlord Perennial Katong Retail Trust said the tenants will take up 32 per cent of retail space at Katong Mall. The revamped mall will have a net lettable area of about...
City Developments Limited (CDL) has sold about 80 per cent of the launched units at 368 Thomson, its latest freehold residential development at the former Concorde Mansions site along Thomson Road. Private previews for former owners of Concorde Residences, Balestier Court, Bright Building, and directors and staff of CDL, started on Thursday, while the public preview began on Friday. CDL said 120 units of...
The former Katong Mall, due to re-open in the third quarter next year, is heading up market. Its landlord unveiled key tenants like Golden Village Multiplex, Market Place by Cold Storage and the BreadTalk Group on Friday. After a S$60 million facelift, its landlord Perennial Katong Retail Trust says visitors can find gourmet products and high end brands here, watch a movie in a private lounge complete...
Rates have followed the dizzying rise in private property prices but 'will stabilise or even correct' Rental rates for residential units have tracked the dizzying rise in private property prices, with rents for condominiums posting a significant increase of 5.8 per cent over the first five months of this year. Based on data from the Urban Redevelopment Authority (URA), median rentals of non-landed...
Some 20 shopowners in a Selective En bloc Redevelopment Scheme (SERS) are unhappy with the compensation offered by the Housing and Development Board to move to new premises. HDB has now extended the deadline for the shopowners in Bukit Merah View to accept replacement units. The affected shops are at Block 113 and 114 Bukit Merah View. HDB had offered them between S$486,000 and S$780,000 in compensation....