Wee Hur Holdings said it plans to buy a 70 per cent stake in the Villas@Gilstead development for S$9 million. It said the proposed acquisition is in line with its growth strategy to diversify into the property development business. Villas@Gilstead is a residential property project at Gilstead Road, near Novena MRT station. It is a strata housing development comprising 10 semi-detached houses, 6 terrace...
General
The temporary foreign workers' dormitory in Serangoon Gardens is expected to open in November this year. Second Finance Minister Lim Hwee Hua, who is also the Member of Parliament for Aljunied GRC, was speaking to reporters at a community event in the area on Saturday. The temporary foreign workers' dormitory is located at Burghley Drive. Residents in the area had raised concerns about the dorm's...
SCDA, Look and WOHA put nation on par with the Netherlands, Italy and Canada at International Architecture Awards 2009 IN ROBERT Powell's book, Singapore Houses, the author says: 'Architects in Singapore are producing work with a level of refinement and sophistication that is comparable with the best in the world, and one would be hard pressed to find a nation of similar size with such an abundance of...
The vibrant property market saw not just burgeoning sales volume but an increase in consumer complaints against real estate agents as well. To address issues such as what property agents should or shouldn't do, as well as their duties, the Institute of Estate Agents (IEA) will hold a public seminar on Sept 28 with the theme "Consumers' Expectations of Today's Professional Estate Agents". At the forum,...
City Developments Limited (CDL) has released a few units from its latest project, Hundred Trees, for a soft launch. The Hundred Trees development sits on the site of the former Hong Leong condominium in the West Coast area. The units that have been released for soft launch are priced at S$895 per square foot. CDL did not say how many units have been released. The whole project consists of 396 units,...
Luxury retailer Louis Vuitton will be opening a unique "island" store at the upcoming Sands Retail Asia at Marina Bay. The store will float on water in front of the Marina Bay Sands casino. Luxury French fashion house Chanel, renowned jeweller Tiffany & Co. and Singapore-based retail group F J Benjamin have also announced that they will have a presence at Singapore's new retail destination. Marina...
The reclamation of Singapore's Jurong Island was completed on Friday after nearly a decade, marking a major milestone in the country's industrial development. Although the initial completion date was 2030, the project finished some 20 years ahead of schedule, due to high demand from big global names for space on the island. The companies currently housed on the 3,000-hectare island account for about 80...
Singapore developer Ho Bee said on Friday its unit has formed a joint venture company with China-based developer Yanlord Land. The newly formed subsidiary called HB Investments (China) is 80 per cent owned by Ho Bee and 20 per cent owned by Engro Corporation, a mainboard-listed producer of slag-cement. In turn, HB Investments and Yanlord Land will hold 50 per cent stake each in the JV investment holding...
There has been a pick-up in sales of landed property at Frankel Estate recently. An established landed residential enclave, it’s located within a short driving distance of the Kembangan MRT station and within walking distance of eateries along Siglap Road. It is also in the proximity of good schools like Victoria Junior College, St Patrick’s School and Tao Nan School. According to caveats lodged with...
Singapore-listed Ying Li International Real Estate has acquired a prime integrated development site in Chongqing's Yuzhong District for S$177 million. The site was bought in a government land auction. Ying Li said on Friday it will develop the site into an integrated development project, with high-end residential, hospitality and high-grade retail components. The project is expected to be fully completed...