CapitaLand's wholly-owned serviced residence business unit The Ascott will open its second Citadines property in Japan on March 8. The new Citadines Kyoto Karasuma-Gojo follows the successful opening of Ascott's first Citadines serviced residence in Japan, the Citadines Tokyo Shinjuku, in March last year. The 124-unit serviced residence is a short walk from Kyoto's business district and tourist belt,...
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The Housing and Development Board (HDB) is looking into supply and demand management measures to ease the shortage of parking lots in some estates. About 10 per cent of HDB carparks are currently unable to meet local parking demand, due to changes in the demographic profiles and car ownership patterns. Parliamentary Secretary for National Development Dr Maliki Osman said this in Parliament, in response...
The government has found new use for two of the four public swimming pools which were closed for over five years. A private operator will use the Bukit Merah Swimming Complex as an aquatic and fitness centre. And the Jurong Town Swimming Complex will be converted into hard courts to provide more playing spaces for residents in the area. It can be used for activities like basketball and futsal. The...
International property firm Lend Lease is hoping to expand its footprint in Asia. The company said its three-month old mall, 313@Somerset in Singapore, has done better than expected, and the firm is eyeing more investment opportunities in the city state over the next 12 months. 2010 started off on a high note for 313@Somerset, one of three new malls along Orchard Road. The other two malls are...
Coralis is located within close proximity of Parkway Parade shopping mall. The development is also beside Katong Mall, which is under Perennial Katong Retail Trust. The mall be going to redevelopment works to transform into a lifestyle and Food and beverage hub. Marine Parade is one of the estate identified to be in the future Eastern Region Line Rail Project. Coralis is in close proximity to East Coast...
Recent measures to cool the property market in China, Hong Kong and Singapore are seen as the right moves to temper speculation and rapidly rising prices. Still, industry watchers said that prices will have room to move upwards over the next two years. This is because interest rates in Hong Kong continue to be low, and high-end property prices in Singapore are still below their peak. Private home prices...
The property unit of Straits Trading Company will be developing a cluster of freehold bungalows at the prime Chancery Lane area as the mainboard-listed company is acquiring the original developer, Tertius Development. The project, called Chancery Five, will have 12 bungalow units and sits on a land plot of 27,600 square feet. The size of the bungalows will range between 4,800 square feet to 6,500 square...
Location: 5 Chancery Lane (District 11) Development Type: Cluster Bungalows Tenure: Freehold Year of Completion: 2011 Total Units: 12 Unit Size: 4801-6491sqft (5 / 6 Bedroom) Features: ~ All rooms ensuite ~ Private pool and lift ~ Kitchen fully equipped with Gaggenau appliances ~ Entertainment room ~ 2 private carpark lots Contact us at [email protected] for more...
Location: 76 Shenton Way (District 2) Tenure: 99 years leasehold Year of Completion: 2014 Total Units: 202 (39 storeys) Unit Types: 1 bedroom ~ 592 to 624 sqft 2 bedroom ~ 968 to 975 sqft Facilities - 5th Storey: Landscape Deck - 35m Lap Pool, Lounge Pool 1 with Jacuzzi & Massage Jets, Lounge Pool 2 with Spa Beds & Rain Dance, 2 Spa Suites with Jacuzzi, Palm Court (Outdoor Dining), Outdoor Deck -...
China's property market will probably go through a "more meaningful correction" this year because the price gains in 2009 aren't sustainable, according to Mr Christopher Lee, corporate ratings director at Standard and Poor's. The outlook for the Chinese market is "neutral" for this year, Mr Bei Fu, an associate director of corporate ratings at S&P, said during a conference call with Mr Lee on...