Developers Maxdin and Lee Carriers have put in the top bid of S$176 million for a land parcel at Sengkang East Avenue and Buangkok Drive. The next highest bid of $160.12 million came from Hoi Hup Realty and Sunway Developments. Frasers Centrepoint's bid of $158.18 million came in third, while Sim Lian Land handed in the lowest bid of $115.84 million. All in, the Housing and Development Board (HDB)...
General
Singapore has moved up one spot to become the 17th most expensive retail location in the world. According to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector, prime retail rents in Singapore stood at US$436 per square foot (psf) per annum in the first quarter of this year. It said prime retail rents in the world's leading shopping destinations have stabilised in most...
Citylights, the 600-unit condominium located on Jellicoe Road and just across the street from the Lavender MRT station, has been on the radar of property investors on the lookout for apartments in the city area lately. Developed by CapitaLand, the project comprises four 42-storey condo blocks and a row of conservation townhouses. The 99-year leasehold development was first launched in late 2004, and...
It's not just the leaders who're pleased with the move. Residents and businesses in Woodlands are counting on the railway station in the neighbourhood to revive the estate. The sleepy neighbourhood at Woodlands Centre Road expects to enjoy some buzz with the railway station. Some people expect to save time and money. A member of the public said: "I am staying in the Bukit Timah, Choa Chu Kang area....
Property watchers said the current Malayan Railway station site at Tanjong Pagar offers tremendous opportunities for residential and commercial development. But these will likely take shape only in 2015 or 2016. Singapore and Malaysia announced on Monday that the Tanjong Pagar railway station will be relocated to Woodlands by July next year. Property observers say the Tanjong Pagar site, located in the...
Singapore and Malaysia capped a historic day in relations on Monday with agreement on a long outstanding bilateral issue. After 20 years, both sides have arrived at a solution on the Malayan Railway Land in Singapore. The leaders of the two countries agreed to move the station at the heart of the city centre in Tanjong Pagar to Woodlands Train checkpoint, near the border by the 1 July 2011. The smiles...
Flat buyers can look forward to more public housing choices under the Design, Build and Sell Scheme (DBSS). The Housing and Development Board (HDB) on Monday awarded a tender for a site that could yield about 700 DBSS flats in Yishun to Guthrie (DBP) and SK Land for S$148.9 million. HDB will tender another three new DBSS sites later this year that could yield about 1,600 flats in Tampines, Bedok...
A man was sentenced to 16 months' jail in a district court on Monday for cheating four China nationals of S$10,700 in rental fees. Ivan Tey, who is 35, owns a four-room flat in Jurong West. Although he had rented the flat to other tenants, he approached different housing agents in October and November last year to look for prospective tenants to rent the flat to. He found four different tenants and...
Neighbourhood shops are getting a double whammy lately, according to the Federation of Merchants' Associations, Singapore. With many new malls and the integrated resorts opening, it seems fewer people are shopping in the neighbourhood. The president of the Federation of Merchants' Associations Chua Ser Keng has noticed a 10 to 20 per cent reduction in shoppers, leading to a 20 per cent fall in sales at...
The northern region of Singapore now has a new leisure destination - Woodlands Waterfront. And the park's launch on Sunday attracted some 2,500 people. The park was designed with community-based events in mind. Phase 1 opened up three hectares of the Woodlands Waterfront. The phased opening was by residents' demand. "The project was actually planned in close collaboration with... input of the...