THE Singapore Green Building Council (SGBC) will host the World Green Building International Congress in its first year as an exclusive member of the World Green Building Council (WorldGBC). The international congress, to be held on Sept 13 and 14, is an annual forum where representatives of GBCs around the world meet to discuss objectives, policies and development strategies. The congress will also...
General
THE Commissioner of Charities has questioned City Harvest Church (CHC) about its $310 million stake in Suntec Singapore. The 33,000-strong megachurch announced two weeks ago that it had become a co-owner of the downtown commercial property, which houses a convention and exhibition centre. The complex's full name is Suntec Singapore International Convention and Exhibition Centre. The money spent includes...
Developer Sim Lian Land has clinched the tender for the residential site at Tampines Avenue 1 and Avenue 10. It submitted the top bid of S$302 million for the 3.2-hectare plot. The site with a 99-year lease had attracted a total of eight bids. The remaining bids range between S$168 million and S$289 million. The Urban Redevelopment Authority (URA) said it is the fourth residential site to be sold through...
BUYERS are said to be already showing interest in a condominium project in the Central Business District, although the preview will not be until next Thursday. Property agents have apparently collected cheques from buyers for the 99-year leasehold development in Shenton Way, according to sources. Pre-marketing is common these days, with agents busy drumming up interest before the preview, so some buyers...
THE tender for a transitional office site in Mohamed Sultan Road closed yesterday with a top bid almost four times greater than an offer received in 2008 when the property failed to sell. Boutique development firm Link (THM) Holdings bid $17.19 million, or $172.37 per sq ft (psf) of gross floor area. That was nearly 30 per cent above the second highest bid of $13.29 million, or $133.26 psf of gross floor...
Nestled within tranquil surroundings, yet situated at the edge of bustling activity, Mt Sinai Residences features 8 premier strata bungalows that stand testament to the height of contemporary design. The latest development to inspire our urban landscape, Mt Sinai Residences is an exclusive strata bungalow development in prime district 10, making it the perfect address, for the perfect home. Situated in...
ACTRESSES dressed as Hollywood icons such as Marilyn Monroe and prancing lion dancers were in attendance at Sentosa yesterday when the Universal Studios theme park greeted its first visitors at precisely 8.28am. The park is the last of the attractions at Resorts World Sentosa (RWS) to accept visitors under Phase 1 of its opening. Universal Studios' 18 attractions include the Battlestar Galactica roller...
THE Urban Redevelopment Authority (URA) yesterday received surprisingly high bids for a transitional office site at Mohamed Sultan Road. The 15-year leasehold plot attracted three bids. The highest was $17.19 million, or $172 per sq ft per plot ratio (psf ppr), from a boutique property developer and sports fashion retailer Link (THM) Holdings Pte Ltd. Yesterday's top bid was eye-catching on several...
PROSPECTS for real estate investment trusts (Reits) in Singapore remain challenging as there will be a greater supply of office, industrial and retail space coming onstream, said Moody's Investors Service yesterday. The rating agency kept its outlook for the sector over the next 12 months negative. This places it at the bearish end of the scale compared with two other research houses - DMG & Partners...
It provides flexibility for acquisitions and asset enhancement initiatives: Goldman CAPITACOMMERCIAL Trust's (CCT) second major fund-raising exercise in less than a year could pave the way for the office landlord to improve its portfolio, analysts said. The trust on Wednesday said that it will issue $225 million worth of convertible bonds and use 75-90 per cent of the proceeds to enhance its assets and...