The landscape of Singapore will soon look quite different as new developments spring up in the city centre and in the heartlands over the next few years. Future skyline of Marina Bay - URA By 2011 for instance, residents of Jurong will have more opportunities to live by the waterfront. Southern coastal areas like the Labrador Park and Bukit Chermin will also be made more accessible to the public. These...
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A home in the heart of the city, with an address next to the thriving Orchard Road, you have every convenience to shop at top designer boutiques, lounge back at chic cafes, and dine at 6-star hotels. At Paterson Suites, a world of excitements is literally just a few steps away. All because you are not part of the city - the city is part of you. Surround yourself with elegance, come home to the rustling...
TWO months of strong home sales may have sparked hopes of resilience in certain parts of the property market here, but the sector is still plagued by problems, said a CIMB-GK Securities report yesterday. A supply overhang - due to default threats from deferred payment scheme buyers - and potential price falls in the high-end market, continue to weigh on property fundamentals, said Mr Donald Chua, who...
CapitaMall Trust (CMTL) reported a distributable income of S$62.6 million for the first quarter of 2009, an eight per cent increase year-on-year. The company said Friday that shareholders can expect a distribution per unit of 1.97 cents for the three months ended March 31, to be distributed on the May 28. CapitaMall added that the numbers were largely due to a retention of S$5.9 million, which includes...
THE buzz continues at property launches on the island. City Developments said yesterday that it achieved about $190 million of sales from selling about 150 units at The Arte at Thomson since March 21. The freehold project is priced at $880 psf on average. No premium is being being charged for an interest absorption scheme (IAS) that CDL has extended to buyers. The scheme means buyers pay just the...
A BRITISH newspaper report has sparked off talk that Singapore’s Raffles Hotel could change owners yet again, for the second time in four years. Citing unnamed hotel industry sources, the Times of London reported yesterday that Fairmont Raffles Hotels International (FRHI) — in which Saudi Prince Alwaleed bin Talal’s Kingdom Holding Company has a controlling stake — is putting the iconic property...
Location: Kim Yam Road (District 9) Tenure: 999-years leasehold Year of Completion: 2011 Total Units: 33 Unit Types: 1 bedroom (337 - 688 sqft) Contact us at [email protected] for more...
City Developments (CDL) said sales at "The Arte" condominium project have surpassed the 80 per cent mark. The developer said 150 units were snapped up in a Phase 1 launch recently with S$190 million of deals recorded. Most of those sold went for under S$2 million. The 336-unit freehold project at Thomson Road has been priced at an average of S$880 per square foot, with units ranging from 1,055 sq ft for...
Main board listed developer Sim Lian Group will launch its latest development, Parc Lumiere, by walk-in-selection on April 18. Parc Lumiere is a public housing project under the Housing & Development Board's "Design, Build and Sell Scheme" (DBSS). The development which is located near the Simei MRT station will comprise 360 four and five room units. Sim Lian said the average selling price for the...
Some 4,000 people showed up at the launch of "The Peak at Toa Payoh" on Wednesday - a project under the HDB's design, build and sell scheme (DBSS). There were some 100 people lining up outside the development even before it was launched at 8am. Analysts said that's not a bad turnout especially since a premium five-room flat there costs more than S$700,000. The development offers some condominium-style...