Mr Mohamed Mustafa Shahulhamid has been looking for a resale flat in Little India for his son in the last six months. So far, his hunt has been fruitless. 'Many Indian families want to live in Little India. No Indian families are moving out and we cannot buy from the Chinese,' said the 51-year-old frozen food trader. Under the Ethnic Integration Policy, the Government has set ratios for ethnic groups...
General
The government will build more Executive Condominiums (ECs) to meet the housing needs of what is described as the "sandwiched group". For this year, ECs will make up 10 per cent of about 12,000 new flats to be built. National Development Minister Mah Bow Tan said this on Channel NewsAsia's programme, "Talking Point". He was responding to a question on prices for the market for ECs, which is regarded as...
Hotels in Sentosa are riding on the latest wave to hit the island - the opening of Resorts World Sentosa (RWS). Some have even closed down for renovations to ride on the expected increase in visitors. Rasa Sentosa Resort has been on the island for 17 years, and had been renovated only once. It is time for a major makeover to prepare for the increased business that is likely to be generated from the buzz...
There were some 300 reported cases of noise pollution from construction sites last year, nearly double the 160 in 2008. And some firms have taken steps to reduce the noise. One way is by using the "Jack-in-Pile" machine, which uses a hydraulic system for piling works to reduce noise. Another is by pre-casting structures like walls and toilets so those don't have to be built on-site. From September 2011,...
HONG Kong developer Cheung Kong has set record selling prices for residential projects in the West Coast area. It managed to sell all 100 units released in the first phase of sale for the 99-year-leasehold The Vision yesterday. Of these, two penthouses went for $3.6 million each, which works out to around $1,332 per square foot (psf). Buyers paid around $1,000-$1,200 psf for two, three and four-bedroom...
BUYERS have snapped up units at a West Coast condominium despite the developer setting record prices for a mass market project. Cheung Kong (Holdings) has sold all 100 units of The Vision released for its Phase 1 sale at prices 'from $1,000 to $1,200 per sq ft (psf)' for the two- to four-bedroom units, according to sales manager Cannas Ho yesterday. However, market talk suggests that around 130 units or...
FAIRLY strong interest from developers is expected in a 99-year leasehold residential site at the corner of Upper Changi Road North and Flora Drive, which will be launched for sale in two weeks' time. It has been put to tender after an unnamed developer committed to bid at least $82 million, said the Urban Redevelopment Authority yesterday. The 3.1ha site, which is not near any MRT station, can be...
SINGAPORE is closing the gap on London and New York as a leading financial centre, according to a new ranking. The poll placed the two heavyweights in joint top spot but London has lost 15 points since the index was published last September while New York has gained one. Both scored 775 out of 1,000. But Asian cities are fast catching up in the Global Financial Centres Index. Singapore, Hong Kong and...
IN A clear warning to those who sublet their flats illegally, the Housing Board (HDB) has moved to take back three apartments linked to a real estate agent who owns five private properties. One flat to be repossessed belongs to the real estate agent, Mr Poh Boon Kay, 61, and his wife, Madam Khoo Kim Cheng, 52, who had illegally sublet their four-room flat in Bukit Batok. The other two flats in Telok...
Imagine walking along a horseshoe-shaped bridge on a Sunday morning, catching the first glimpse of the sun as it rises from a waterway. Or in the evening, heading to another similarly shaped bridge, but this one with a shaded dome, where you can see the setting sun reflected in the water. And best of all, there is no need to travel overseas to enjoy these scenes. By the end of the year, all this will be...