The Housing & Development Board (HDB) has withdrawn a commercial site in Tampines from the reserve list system. The site, located at Tampines Concourse, was originally proposed for commercial development. HDB said the site was withdrawn from the list as it will be affected by future infrastructure works. The site has an area of about 5,000 square metres and a total gross floor area of some 21,000...
General
Since the government enhanced the Additional Housing Grant for flat buyers in February, the number of applications for this grant has doubled. Between February and July, the Housing and Development Board (HDB) received 6,338 applications for the grant, or an average of 1,000 applications per month. About 24 per cent of the applicants are households that earn between S$4,000 and S$5,000. In...
A conserved building approved for use as a hotel at Joo Chiat Road has been put up for sale by tender. The property is owned by a local investment company, which is seeking offers in the range of S$20 million to S$22 million. Joo Chiat Hotel comprises a 3-storey front section and a 4-storey rear extension, with 68 guestrooms and one pub. These are leased by operators at a total gross rental revenue...
Location: 1 to 111 Grace Walk (District 19) Tenure: Freehold Year of Completion: 2013 Unit Types: 54 Strata Semi-Detached ~ 4,327 to 4,919 sqft 2 Strata Bungalow ~ 8,019 to 9,128 sqft Email [email protected] with the following for more information: Verdana Villas / Name / Contact # / Unit Type...
Released in early July, Wing Tai Holdings’ 373- unit Ascentia Sky is seeing units being sold at an average of $1,200 to $1,300 psf. Owners of the 382-unit Metropolitan completed in June have also seen prices trending upwards on the secondary market. Units at The Metropolitan started crossing the $1,000 psf mark in June for the first time this year. Earlier, only a handful of units changed hands at the...
Merchant Square, an office building located at the fringe of the Central Business District (CBD), is up for sale by Expression of Interest. The building, completed in 1996, comprises a four-storey office tower and two blocks of shophouses. It is situated close to the junction of Merchant Road and Clemenceau Avenue, with a tenure of 99 years leasehold from 1993. CB Richard Ellis, which is the sole...
The next phase of the Circle Line – Stages 1 and 2 – will start operations in the first half of 2010. Transport Minister Raymond Lim revealed this at a dialogue session in Bukit Panjang on Sunday. Its exact opening date, however, will only be finalised after engineers complete the necessary tests. The first five stations on the Circle Line opened for service on May 28. Even though ridership has not...
Some consider the seventh month of the lunar calendar an inauspicious time to buy a property. But it seems like the Hungry Ghost Festival is not going to spook homebuyers and property investors in Singapore. A 99-year condominium at Toa Payoh was open for sale on Saturday and within a couple of hours, about 85 per cent of the 400 units available in the first two phases were snapped up. In response to...
Judging from the brisk sales at launches, it appears many Singaporeans have jumped on the runaway property bandwagon. But before you get caught up in the sales pitches and showroom euphoria of property agents cheering as each unit is sold, industry players warn that you should step back, take a breath and think twice. This, they say applies to both HDB upgraders as well as those looking for a second...
Last month, more than 20 landed homes in Serangoon Gardens and Lorong Chuan areas changed hands, according to URA Realis database of caveats lodged. From July 24 to 31 alone, contracts were signed for 10 properties — seven terraced houses, a pair of semi-detached homes and a single-storey bungalow. One of the oldest housing estates in Singapore, Serangoon Gardens Estate was built for British soldiers...