Homegrown developer Lian Beng Group has secured a S$78 million construction deal to build Centro Residences, a condominium development located just opposite Ang Mo Kio MRT Station. The contract was awarded by the Far East Group and covers the construction of a 34-storey residential tower with a multi-storey carpark, clubhouse, swimming pool and playground. Work on the development is expected to start in...
General
PROPERTY developers may have heaved a sigh of relief on March 8 when the Government signalled there would be no more measures to cool the housing market - 'for now'. But any comfort they took from that would have been cut short when National Development Minister Mah Bow Tan added what has become his signature catch phrase: 'We will monitor the market closely.' He told Parliament: 'If there are signs that...
SALES of private property kept sizzling over the weekend as buyers, undeterred by the rainy weather and recent government policies to cool the market, packed showflats. Demand was strong for mass market and prime projects, with buyers especially keen on The Laurels, an upmarket 229-unit project in Cairnhill Road. Developer Sing Holdings has sold 135 of the 179 units so far, with around 40 - comprising...
PROPERTY buyers showed few signs of easing off last month and snapped up 1,196 new private homes - more than industry experts had expected for a month many thought would be quieter. The robust figures follow from a bumper January, when 1,480 private units were sold - a number that trumped the miserly 481 shifted in December, and helped prompt government measures to pre-empt a property bubble. Sales in...
Strong momentum continued through February and more launches are expected this month The number of new private homes sold in January and February 2010 has already outstripped that for the whole of Q1 2009, official data shows. Developers sold 1,196 units in February - down 19 per cent month-on- month from the 1,480 units sold in January 2010 - according to the Urban Redevelopment Authority (URA)....
THE Canadian International School (CIS) here has unveiled the partner financing its new $140 million campus in Jurong West. It is Singapore-based private education provider Knowledge Universe, which has more than 350,000 students in its institutions worldwide, including 8,500 in its 41 institutions here, which are mostly preschools. The injection of funds will give Knowledge Universe a majority stake in...
CHIP Eng Seng Corporation has extended its footprint overseas with the purchase of a A$20.2 million (S$25.8 million) site in Melbourne. The deal is considerable when it is seen against the property and construction firm's net profit of $75.3 million for FY2009. The land parcel is located at Mackenzie Street, in the eastern part of Melbourne's central business district, and spans around 20,000 sq ft. Chip...
FOR the second year running, CapitaLand has paid a portion of staff bonuses in the form of shopping vouchers. About 700 managerial staff in Singapore will receive a total of $1 million worth of vouchers redeemable at CapitaMalls Asia (CMA) malls here. The value of the vouchers each staff member gets ranges from $750 to $10,000, depending on the size of the bonus. CapitaLand came up with this scheme last...
CleanTech Park will be an icon for development and application of clean technologies IT is a big project befitting grand ambitions. Last month, JTC Corporation and the Economic Development Board (EDB) announced plans to build Singapore's first eco-business park in the western part of the island. The 50-hectare CleanTech Park, with one million square metres of space, could establish Singapore as a centre...
Property broker DTZ Holdings said yesterday it remains on track to meet market expectations for its full year and anticipates £70 million (S$147 million) of cost savings for the period. Overall, DTZ said it remains cautious, but cited its strong performances to date from certain geographies and service lines, and its now complete restructuring programme, as underpinning its full-year expectations. 'It...