CapitaCommercial Trust is proposing to issue at least S$225 million in convertible bonds due in 2015. The bonds are being offered to institutional investors and accredited investors. CCT said the size of the issue may be increased by up to S$25 million within the next 30 days, thereby raising total proceeds of up to S$250 million. Pricing is expected later, after a book-building exercise. CCT said the...
General
Two owners in the Mountbatten area are jointly putting up their adjacent bungalows for sale for some S$30 million. Property consultant Cushman & Wakefield said the freehold units at 6 and 8 Margate Road have a combined land area of 24,000 square feet. The property is zoned for high rise residential development of up to 24 storeys. It has a plot ratio of 2.1, allowing a maximum gross floor area of...
Location: Jalan Pelikat, Kovan (District 19) Tenure: Freehold Year of Completion: 2013 Total Units: 64 Unit Types: 1 bedroom ~ 441 - 538 sqft 1 bedroom + study ~ 592 - 603 sqft 2 bedroom ~ 818 - 904 sqft 3 bedroom ~ 1,130 sqft 2 bedroom penthouse ~ 969 - 1,421 sqft 3 bedroom penthouse ~ 1,421 - 1,539 sqft 3 bedroom + study penthouse ~ 1,722 sqft Contact us at [email protected] with the following for...
Latest home-loan skirmish also sees banks speeding up their approvals A skirmish of sorts has broken out on the home loans front with banks pushing down their interest rates a notch or two over the past week or so. The first volley was fired by DBS Bank and the others have responded. This is welcome news for home owners and investors who are looking to re-price or refinance their home loans. The rates...
IT IS time the authorities looked into the matter of huge donations being received by religious organisations, which are tax-exempt and should, therefore, not be used to invest in commercial properties. Religious organisations should not become large property conglomerates. They should not be involved in the business world and become commercialised. Rightfully and morally, the huge funds donated by...
THE Housing Board has launched two build-to-order (BTO) projects that will deliver 828 new flats to the market. The developments - Fernvale Ridge in Sengkang and Sembawang RiverLodge in Sembawang - comprise 266 three-room, 436 four-room and 126 five-room units. Another 126 two-room flats in Sembawang RiverLodge will not be offered for sale. They will be set aside for lower-income families at a later...
PERMANENT residents looking to buy an HDB flat may have to widen their search beyond popular areas as some parts of the island have already reached the limits set out in the new quota system. PRs will not be able to buy flats in certain areas in Jurong West, Choa Chu Kang, Sembawang, Sengkang or Bukit Batok unless they are prepared to pay a premium over the asking price in the hope of enticing other PRs...
A RESIDENTIAL site facing Bedok Reservoir that failed to be sold 18 months ago after attracting only one bid of $84.6 million is now sought after by eight developers, with one offering $302 million. The Tampines site was a victim of the financial meltdown when it closed for tender in August 2008, but the property market rebound has brought it back into favour. Sim Lian Land lodged the highest bid for the...
THE former Alkaff Mansion, a majestic conserved building perched on top of Telok Blangah Hill Park, has been put up for lease by tender. Once a popular wedding venue, the property has been vacant since late 2003 but is now being made available for various uses, including a food and beverage outlet, an art gallery, a wellness or spa facility, or a museum. The Singapore Land Authority (SLA), which launched...
FIRMS registered with the Singapore Accredited Estate Agencies (SAEA) will need to have professional indemnity insurance before they can renew their accreditation. A minimum limit of indemnity of $500,000 is recommended under the new rule that comes into effect on April 1. The move by the SAEA is to make consumers more confident when they engage estate agents. All commission agreements and exclusive...