Stevens Suites, a freehold development along Stevens Close, will be open for preview either later this month or early next month, said home-grown developer EL Development. The property has two residential blocks with 32 apartments and penthouses with one, two or three bedrooms. Prices range from $1,680 to $2,050 per square foot. Unit sizes range from 657 sq ft to 1,981 sq ft. Stevens Suites has a 25m lap...
General
Set within the vicinity of the Seletar Aerospace Park and near the Ang Mo Kio business cluster, The Greenwich consists of intimate five-storey residential blocks while its neighbour Greenwich V comprises a two-storey retail podium. The Greenwich is an elegant condominium with 319 luxury units comprising one- to three-bedroom apartments housed in five-storey towers. Carefully crafted with higher than...
Singapore conglomerate Hong Leong Group has said the next part of its regional growth plans will involve budget hotel projects. It is looking to avoid the high costs of entry in saturated markets like Shanghai. However, Hong Leong said while it welcomes the cooling measures in China to avoid a bubble, their full effect on the market is yet to be seen. China's cities are expanding and pushing up land...
The Housing and Development Board (HDB) has awarded a residential site at Punggol Field/Punggol Road to the highest joint-bidders. They are ChoiceHomes Investments and CEL Development which made the top offer price of S$223.7 million. HDB received a total of five bids for the site measuring 22,497 square metres. The site has a maximum gross floor area of 67,492 square metres. Under the government's...
Rental growth for transitional offices located in the city's fringe is expected to slow in the months to come but such offices can maintain their yields, if they are located in areas around Scotts Road and Mohammed Sultan. Office rents in the Central Business District have slipped some 60 per cent from their peak in 2008 and that has prompted some companies to move back into the city. Analysts said the...
Hong Kong billionaire Lee Shau-kee's Henderson Land Development said the sale of 20 luxury apartments has collapsed, ending HK$2.67 billion ($478 million) in deals that sparked a government inquiry and fueled efforts to rein in home prices. Most buyers pulled out of the 39 Conduit Road project in Hong Kong island's Mid-Levels district, Henderson said in a filing to the stock exchange, responding to...
US investment guru Jeremy Grantham has warned Australia is facing a "time bomb" housing bubble that will be set off by rising interest rates, a report said on Wednesday. Grantham, who correctly predicted the financial crisis a year before it hit, said Australian house prices needed to fall 42 percent to reach the long-term trend. "You cannot possibly miss it," he told The Australian newspaper. "The price...
Having more retail outlets in the underpass linking ION Orchard and Tangs Plaza will not threaten the businesses above ground in the malls. Analysts said that's because shops along the underpass might likely cater to basic needs like an automated teller machine lobby. But some have called for more creative use of the underground space like having interchanging upscale retail booths. The underpass today...
Yanlord Land Group and Ho Bee Investment have acquired six prime residential development sites for 504.6 million yuan or S$102.9 million in Hebei's Tangshan Nanhu Eco-City in China. This works out to an average purchase price of 1,302 yuan or S$265.6 per square metres. The purchase was made through their new joint venture company Yanlord Ho Bee Investments. In a statement, Yanlord Ho Bee said the sites...
Ibis Singapore on Bencoolen, a three-star hotel that opened its doors in February last year, has been put up for sale via a private tender. Results of the tender will not be out until next month, though market watchers are guessing that the 538-room hotel could fetch more than $200 million. Ibis Singapore is owned by hospitality group Accor and real estate investor LaSalle Investment Management in a...