Mapletree Investments, the real estate arm of Temasek Holdings, has said it hopes to list two real estate investment trusts (REITs) soon. One of them is an industrial REIT with S$1.73 billion in assets to be listed on the Singapore Exchange by the end of the year. These plans were revealed at the sidelines of Mapletree's results briefing on Wednesday. Mapletree Investments has seen its net profit surge...
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The Housing and Development Board (HDB) launched three new Build-To-Order (BTO) projects in Punggol and Sengkang on Wednesday. The projects are Waterway Terraces in Punggol, Fernvale Foliage and Rivervale Arc in Sengkang. A total of 2,696 flats will be offered. HDB says this is the largest number of BTO flats offered in a single launch so far. They comprise 238 units of 2-room, 399 units of 3-room,...
Market players believe more home hunters and investors are going up-market. To tap opportunities in this segment, developer Far East Organization has launched a series of luxurious apartments under a brand called Inessence. Industry figures show that some 240 ultra high-end homes were sold in the first half of this year, and observers said there is more upside ahead. Living it up at Boulevard Vue will...
A former employee of a real estate company has been sentenced to four-and-a-half years' jail for withdrawing more than half a million dollars from the bank accounts of a condominium management committee. Chew Swee Siong, 31, from Kenwood Property Consultants used to be based at West Bay Condominium at West Coast Crescent when he committed the offences between 18 November 2006 and 10 July 2007. He pleaded...
Construction company Lian Beng has clinched a S$88 million contract to build a condominium development at Spottiswoode Park Road. Awarded by UOL Development, the contract will cover the construction of a 36-storey residential tower, and other ancillary facilities. This marks the Group's fourth building contract from the private residential sector since March. This latest contract will boost Lian Beng's...
The private property market saw some slowing down during the second quarter of the year. Property consultant CB Richard Ellis (CBRE) forecast that about 4,000 new homes were sold in the second quarter, lower than the previous quarter's figure of 4,380 units. Also, in the resale market, CBRE estimated that 3,400 to 3,600 resale homes were sold in the second quarter. If confirmed, that would be 15 to 20...
Total site area of 19.92 ha up for grabs The Ministry of Trade and Industry (MTI) has launched its Industrial Government Land Sales programme for the second half of 2010. There will be three sites in the Confirmed List and seven sites in the Reserve List, with a total site area of 19.92 hectares. The three sites on the Confirmed List are at Kaki Bukit Avenue 4, the plot at the junction of Yishun Street...
Q: I HAVE four kids aged 13, 11, seven and five, and we live in an apartment with only two bedrooms and no storeroom. We have many things, including books, CDs, photos, shoes, stationery and toys, which we had gathered over the years and my husband and I are still buying new items for our children on a regular basis. We kept all the old toys as it is such a waste to throw them away - they are...
Despite the gristly events that occurred at this Sentosa Cove bungalow, some 20 people attended its open house last weekend. The Straits Times reported that the house where 24-year-old Chinese national Li Hong Yan was found dead floating in its pool is being put up for sale or rental. A small A4-sized advertisement was placed on one of the front windows of the house by an agent from HSR. The asking...
The Ministry of Trade and Industry (MTI) has launched its Industrial Government Land Sales programme for the second half of 2010. There will be three sites in the Confirmed List and seven sites in the Reserve List, with a total site area of 19.92 hectares. The three sites on the Confirmed List are at Kaki Bukit Avenue 4, the site at the junction of Yishun Street 23 and Yishun Avenue 9, and the land...