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CapitaLand secures S$5b credit line with two Chinese banks

Singapore-listed property developer CapitaLand has secured a S$5 billion credit line with two Chinese banks – Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC). It said the money will fund its future growth plans in China, including those in the residential, retail and financial services sectors. Liew Mun Leong, president and CEO of CapitaLand Group, said: "China is a core market...

Meier Suites @ Margate Road

MEIER SUITES is situated just across from East Coast Beach and is next to Katong Park. Public transport wise, it is within close proximity to Kallang MRT station and Mountbatten MRT station. The project enjoys convenient access to the Changi airport and the city via expressways (ECP and PIE). For shopping and a quick bite, it is a mere 5 mins drive to Parkway Parade. For a suburban mall, it has a group...

Residences @ Killiney

Location: Killiney Road (District 9) Tenure: Freehold Year of Completion: 2013 Total Units: 76 Unit Types: 2 Bedroom ~ 1055 & 1076 sqft 2 + Study ~ 1324 sqft 3 Bedroom ~ 1496 & 1550 sqft 3 + Study ~ 1625 sqft 4 Bedroom ~ 2325 & 2368 sqft Penthouses ~ 5059-6760 sqft Unique Project Features: MERE MINUTES to Orchard Area/CBD via CTE/ECP/AYE 3 to 5 Mins WALK!!! to Somerset MRT Within Distance to...

Property owners, tenants encouraged to check windows every 6 months

Property owners and tenants are encouraged to check and maintain windows in high-rise buildings at least twice a year. In a joint statement, the Building and Construction Authority (BCA) and the Housing and Development Board (HDB) said the safety of exterior features such windows are critical in Singapore's densely built environment as these could cause serious injuries. BCA said since it introduced...

Landlord tells Grangeford tenants to stay till end-June

The housing saga at The Grangeford condominium continued on Friday. Landlord Ideal Accommodation told tenants they can stay till end-June, so that it does not have to return them their month's deposit. Those who have given more than a month's rent will get back the balance. There was also drama on Friday after some tenants went to Ideal's office demanding a staff accompany them back to The Grangeford to...

Villa La Vue @ SigLap View

Freehold 7 Units of Bungalows of 3 Storey+ Basement Cluster Housing Development Year of Completion : 2010 ========================================================================== Exclusive Landed Living with Facilities in Siglap (East Central Region Most Sought After Location) Private Preview starts on VIA Appointment only ========================================================================== EACH...

Grangeford residents refuse to vacate premises, demand compensation

Some 300 residents of troubled condominium The Grangeford said owner Cove Developments have no right to evict them since their rental leases were signed with another company. Ideal Accomodation had been contracted to rent out the apartments but Cove said that has since been terminated. The condominium came under the spotlight after the authorities found some 140 apartments converted into 600 units...

Singapore sees sharpest drop in office occupany costs: global survey

Office occupancy costs fell most sharply in Singapore in the first quarter, followed by midtown New York and Hong Kong's central business district, according to a survey by CBRE Research and Consulting. The firm's semiannual global survey released on Wednesday showed that the average occupancy cost in Singapore dropped 34.4 per cent in the January-March quarter from a year ago. Midtown New York saw its...

Singapore to extend suspension of confirmed list in GLS programme

Singapore will continue to suspend the confirmed list of Government Land Sales (GLS) for another six months, given the poor property market conditions. The government had suspended the list for the first half of this year in October last year, placing all sale sites on the reserve list. The National Development Ministry said this will provide flexibility for the market to adjust supply according to the...

URA releases first sale site at Kallang Riverside for hotel development

The Urban Redevelopment Authority (URA) has released the first sale site at Kallang Riverside for hotel development. The 0.74-hectares land parcel will be made available on the reserve list under the Government Land Sales Programme for the first half of 2009. URA said the plot has a permissible gross floor area of 20,917 square meters with a maximum building height of 16 storeys. The site will have a...

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