The Housing and Development Board (HDB) said on Tuesday it has accepted an application for a residential land parcel at Tampines Road under the Reserve List System. The site, with an area of 2,662 square metres, is proposed for the development of landed or apartment housing on a 99-year lease. It has an allowable gross floor area of 3,727 square metres and the minimum offer price for the land parcel is...
General
There seem to be more suitors for Singapore investors on the back of success with previous overseas industrial projects. Singapore's Ministry of Trade and Industry said the Suzhou-Industrial Park realised a 15 per cent on-year jump in its gross domestic product to S$23 billion as of the end of 2009. Its fiscal revenue also grew to over S$2.2 billion, a 13 per cent jump over 2008. The 15-year-old project...
Stallholders at five wet markets will have to pay 30 per cent more in rent from next month. They have been informed of the increase by supermarket chain Sheng Siong, which bought the markets over from a private property developer late last year. The five wet markets are in Choa Chu Kang, Bukit Batok and Serangoon. Currently, they pay about S$2,000 to S$3,000 in rent. Many stallholders feel that the...
The Housing and Development Board (HDB) said on Tuesday it will issue S$400 million of 5-year Fixed Rate Notes under its S$7 billion Medium Term Note Programme. The notes, with a coupon of 1.87 per cent per annum payable semi-annually in arrears, will be in denominations of S$250,000. They will be offered by way of placement to institutional investors. The lead manager is the Hongkong and Shanghai...
Wee Hur, through its subsidiary Wee Hur Construction, has secured a S$103.6 million project from CapitaMall Trust. This is Wee Hur's first project with CapitaMall Trust. The project involves the enhancement of the Jurong Entertainment Centre. Mr Goh Yeow Lian, Executive Chairman of Wee Hur, said the contract with CapitaMall Trust enlarges the company's portfolio of wide range projects. The contract...
DEVELOPERS continue to roll out new residential projects. TID Pte Ltd - a joint venture between Hong Leong Group Singapore and Japan's Mitsui Fudosan - is expected to preview the 65-unit Nathan Suites at Nathan Road, opposite the Malaysian High Commission, within the next two weeks. The 24-storey freehold development is expected to be priced at about $2,100 per square foot on average. The units, which...
DELAYS to the planned Kallang Sports Hub have left some stores in a nearby shopping mall languishing. Operators of some of the smaller stores in Leisure Park Kallang, a six-storey, 200,000 sq ft mall with about 100 tenants, say the lack of walk-in traffic has left them struggling to make ends meet, even as anchor tenants like an ice-skating rink, bowling alley and movie theatre continue to pack crowds...
RETAIL rents in the prime Orchard and Scotts roads belt, other city areas and the suburbs were all unchanged in the first quarter of this year, according to DTZ Research. They are still down as much as 10 per cent in some areas from their Q3 2008 peaks, but have now stabilised across the island, DTZ's data show. In Q1, the gross rent for prime first and upper-storey retail space in the Orchard and Scotts...
How JTC is employing green strategies for its upcoming CleanTech Park, and its project on air temperature prediction IS IT possible for an agency to promote industrialisation and environment protection at the same time? As contradictory as these two aims sound, they have been central to JTC Corporation's work in recent years. In a way, JTC is moving with the times. As the dangers of global warming come...
THE building industry got a leg up in its recycling efforts yesterday with the launch of a $15 million fund to help companies adopt more sustainable processes. Demolition contractors, recyclers and ready-mixed concrete suppliers can now tap the Sustainable Construction Capability Development Fund to introduce and upgrade their recycled building products, said Senior Minister of State for National...