The elderly and the disabled should have as little problem getting around new buildings as possible. This will happen when revisions to the Barrier-free Accessibility Code are completed within two to three years. The code, first implemented in 1990, requires new buildings to have features to cater to the needs of those with limited mobility. City Square Mall is an example of a building that has what's...
General
Survey shows 70% believe this is a good year to invest in property against 68% who favour equities PROPERTY investments still take pride of place in high-net-worth (HNW) individuals' portfolios, accounting for a third of investments, a survey by Knight Frank and Citi Private Bank has found. But only 13 per cent of wealthy respondents said they were planning to buy a new primary residence this year....
CONTRARY to what some believe, bubbles can be good for the property market, said the executive director of Hong Kong's Cheung Kong (Holdings). Mr Justin Chiu told reporters yesterday at the showflat of his company's latest project here that he likes property bubbles because they fuel sales volumes and price rises. Mr Chiu - who was moved to dress up as James Bond at launch parties in 2004 to stimulate...
HONG KONG developer Cheung Kong Holdings is on the lookout for more residential and commercial sites to buy in Singapore, says executive director Justin Chiu. 'We are looking at a few pieces of land,' said Mr Chiu. 'The whole market (in Singapore) is moving. I am optimistic about the future.' Although land prices are high, Cheung Kong will 'keep looking for new land' as it is an 'investment in...
THE flow of residential land onto the market continues with three government sites up for grabs by tender, and a fourth ready for release if developers show interest. The three sites confirmed for tender are 99-year leasehold plots. Two are near MRT stations. A plot at Boon Lay Way near Lakeside MRT station can yield 525 units, while a site across the road from Simei MRT station can yield about 250...
Four more residential sites - on which more than 1,200 private homes can be built in total - were released for sale by the government yesterday. The Urban Redevelopment Authority (URA) yesterday also reiterated that the potential supply of land from the government's land sales programme and the supply from projects in the pipeline will be 'more than sufficient to meet the demand for private...
WEE Hur Holdings has won a $103.6 million project from Singapore real estate investment giant CapitaMall Trust to rebuild Jurong Entertainment Centre. The project involves constructing a five-storey entertainment and shopping complex with a three-level basement. The crown jewel of the complex will be an Olympic-size ice-skating rink in the centre of the building. It will be Singapore's first...
STALLHOLDERS at the five wet markets taken over by Sheng Siong last year will have to pay 30 per cent more in rent from next month. The stallholders at the five markets - in Serangoon, Bukit Batok, Fajar Road and two in Choa Chu Kang - were informed of the increase by the supermarket chain earlier this month. Stallholders The Straits Time spoke to said they were handed one-year contracts to sign....
I REFER to last Saturday's report, "Charity commissioner questions City Harvest" and the letter from the Ministry of Community Development, Youth and Sports, Urban Redevelopment Authority and Inland Revenue Authority of Singapore, on the same day ("Drawing the line on commercial deals"), which said: "A charity's main purpose is to provide public benefits through its charitable activities." Churches like...
Hong Kong and Singapore jumped from the bottom five to the top five of an annual list measuring the rise in luxury home prices. This was according to the latest figures from property consultants Knight Frank International for 2009. The firm said that this reflects the attraction of prime residential property, where demand tends to improve as prices dip. Overall, luxury home prices in the Asia Pacific...