Joo Chiat, once infamous for a stretch of road where prostitutes openly solicited, has now flushed out most of its sleaze. MP Chan Soo Sen said this ahead of a ministerial visit by Law Minister K Shanmugam next month. Joo Chiat wants to be known for its rich Peranakan heritage, best seen in the old shophouses that line its streets. But its history had been overshadowed by a stretch of road, which gained a...
General
Since the start of the year, units at Kovan Melody have increasingly crossed the $800 psf level, which is especially good news to sellers who purchased their units for less than $500 psf when the project was first launched in 2004. According to a March 10 caveat lodged with the URA, an 893 sq ft unit on the 15th floor was sold for $800,000, or $895 psf, surpassing the peak in 2007. The 778-unit Kovan...
MORE than 85,000 Housing Board flats in eight neighbourhoods in central Singapore will be upgraded in a project that will cost $1 billion, said Deputy Prime Minister Wong Kan Seng yesterday at an event to mark HDB's 50th anniversary this year. The Government has already spent $3.4 billion in some form of upgrading for 150,000 public flats in these towns which include Ang Mo Kio, Bishan, Toa Payoh,...
Construction tender prices in key Asian cities are likely to rise this year as the economy recovers and building activity picks up. According to a report by property and construction consultancy Rider Levett Bucknall (RLB): 'Barring any unforeseen change in global market conditions for the year 2010, Asian construction demand is expected to rebound in tandem with a revival of property...
It's a key source of financial security upon retirement, home owners told DEPUTY Prime Minister Wong Kan Seng yesterday urged home owners to think before selling their HDB flats in the current upbeat property market. 'In today's brisk market, some of us may be tempted to sell our flat for a profit. I urge you to think carefully before you act on it. Your HDB flat is meant for you to keep for a longer...
The Housing and Development Board (HDB) has committed another $1 billion to upgrade eight towns. Deputy PM and Minister for Home Affairs, Wong Kan Seng announced this at the HDB's 50th anniversary celebrations on Sunday. The eight towns are in the Central zone, namely Ang Mo Kio, Toa Payoh, Bishan, Serangoon, Kallang/Whampoa, Queesntown, Bukit Merah and Central. This is on top of $3.4 billion spent...
Flaunt it if you have it. That is what retailers with prime shop space along the Orchard Road belt are doing. A war has broken out as eye-catching, brightly lit facades - showcasing luxury brands like Gucci, Prada and Chanel - compete for attention there. Retail experts say the belt's glitzy makeover has emerged in the past two years, along with the profusion of malls. Said Dr Lynda Wee, from business...
PRICES of resale executive condominiums (ECs) have risen much faster than those of private mass market homes in recent years, and have hit yet another high, a recent study has found. From the first quarter of 2007 to the first quarter of this year, the prices of resale ECs shot up 70 per cent, compared with the 39.6 per cent rise in mass market private home prices, the study from Savills Singapore...
CAPITACOMMERCIAL Trust has posted a distributable income of $54.3 million for the first quarter of 2010, up 19.7 per cent from the same period a year ago. Reflecting the resilience of its portfolio, committed occupancy rate rose to 95.1 per cent for the quarter from 94.8 per cent for the fourth quarter of last year. Its Grade A office committed occupancy rate also rose to 99.1 per cent from 98.7 per...
$800m worth units sold here in Q1 and sales are continuing CONTRIBUTIONS from residential development projects helped lift CapitaLand's financial results for the first quarter ended March 31, 2010. The property giant reaped a net profit of $115.4 million in Q1 - some 2.7 times the year-ago profit of $42.9 million. Its revenue climbed 41 per cent over the same period to $687.3 million. CapitaLand...