Frasers Hospitality has signed a contract to manage its first Fraser Suites property in India's capital, New Delhi. The nine-storey, 90-unit Fraser Suites New Delhi is scheduled to open in October next year. The company said the property has an ecological design, aimed at optimising the use of solar energy for lighting, heating and electricity generation. Situated in the Mayur Vihar area, it is part of...
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Steel contractor and civil engineering firm Yongnam said it has won a contract, worth nearly S$39 million for the Marina Bay Sands Integrated Resort. Under the terms of the deal, Yongnam will supply and construct structural steelworks required to support the roof and facade of the North Crystal and South Crystal Pavillions. Both Pavillions are located in the waters of the Marina Bay Reservoirs, a stone's...
The Lenox, a freehold development with 76 residential units and 3 commercial shops. A perfect balance of simplicity and sophistication. Enjoy every convenience imaginable within close proximity. An evening stroll along Siglap Park Connector, shopping at Parkway Parade, feasting on local delights along Katong... A lifestyle envied by many. Location : 396/398 Changi Road Tenure : Freehold Year of Completion...
IMAGINE you are a condominium owner, and your property's management corporation (MCST) has been engaging the services of two administrators, two technicians and some cleaners for the estate. You cheered when the government announced the Jobs Credit scheme earlier this year, thinking the savings will go to your MCST. Well, think again. Like the MCST of Bayshore Park, a condominium on the East Coast, you...
SALES of private homes hit a new high for the second straight month in July, surging about 52 per cent from June. Low interest rates, relatively lower prices and a fear of missing the bottom are some reasons behind the strong sales. Although there were also signs of speculation, a significant portion of the sales was backed by real demand, said analysts. According to the Urban Redevelopment Authority,...
The most coveted address among the traditional prime residential districts is district 9, in the neighbourhood of Claymore Road and Claymore Hill, Ard more Park and Draycott Park and in the vicinity of the American Club and Tanglin Club, just off Orchard Road. Luxury condominiums in both existing and new developments in that area have soared above $2,000 psf in the last two months — which is pretty much...
Sales of uncompleted private homes reached a new high last month. The number of units sold surged more than 50 per cent from June, as improving market sentiments spurred more home buyers to snap up properties. A total of 2,767 units were sold in July, up from 1,825 in June. The developments that sold the most units last month were The Gale, Meadows@ Peirce, Waterfront Key, Sophia Residences and Parc...
Mainboard-listed BBR Holdings has secured a S$104.2-million contract from Singapore's Housing & Development Board (HDB) to build seven blocks of flats in Yishun Neighbourhood 4. This is the company's first HDB contract and work is expected to begin next month. The project will be carried out in 10 phases and is expected to complete by 2012. The work comprises 864 homes, a Child Care Centre, a roof...
An industrial site at Kaki Bukit which attracted a record number of bids has been sold to highest bidder, Kng Development Pte Ltd, for S$12.1 million. The 115,342 square foot plot in Kaki Bukit Road 2 was launched for public tender on July 14, after an application bid of S$5 million was submitted. Eighteen offers were made by the end of the bidding period – the most ever received for an industrial...
WHEN National Development Minister Mah Bow Tan warned against property speculation recently, many - especially those in the real estate business - thought he was being a party pooper coming in to spoil the fun. He had said: "Some of the practices and habits that you saw in the last property boom are beginning to come back, so I think we'll have to be careful." The note of caution was appropriate and...