The Fernhill is a freehold boutique condominium located along Fernhill Road near Stevens Road and Orange Grove Road. This ultra-exclusive development is limited to a mere 25 units of unparalleled desirability, set within a beautifully envisioned 5-storey residence. Every home within The Fernhill has been designed and refined to optimise the usage of space and light throughout. Full-length windows define...
General
Sales of private homes dipped 8 per cent in March to 1,220, compared to 1,323 in February. Latest data from the Urban Development Authority (URA) showed that new properties in suburban areas saw strong sales. Double Bay in Simei saw the biggest sales, with 264 units changing hands. Mi Casa in Choa Chu Kang came in second with 101 units sold. Properties located just outside the city also drew strong...
A NEW mall at Serangoon Central has secured 30-per-cent commitment rate for its food and beverage outlets and speciality shops - more than four months after it broke ground. Expected to open by the end of next year, the mall - christened "nex" - will be the biggest mall in north-east Singapore. Anchor tenants include cineplex operator Shaw Organisation, foodcourt operator Food Junction, hypermarket...
Developers interested in bidding for a 12,900 square foot or 0.12-hectare hotel site at Short Street can start putting in their tender. The Urban Redevelopment Authority (URA) launched an eight-week long public tender for the land parcel on Wednesday. This is after the urban planner received an application from a developer to bid for the government land site, which is located within the Bras Basah-Bugis...
Mainboard-listed construction firm Lian Beng has posted a net profit of S$11.4 million for the nine months to February, a 31 per cent rise on-year. Revenue for the period increased by 55 per cent to S$230 million, driven by a rise in construction activity. The firm currently has an order book of S$586 million. But in view of uncertainties in the economic climate, Lian Beng says the next 12 months are...
AFTER five years of rapid growth, Teambuild Construction is in consolidation mode - it's going back to the basics to ride out the downturn. But it's also laying the foundations for the next growth wave when the industry rebounds, by its reckoning, in one or two years. Managing director Seow Seng Wei expects a host of challenges in the coming year, including a drop in order book size and greater...
The Singapore government will not step in to underwrite existing bank loans to property developers for now. This is because loans and other financing options are still available despite the current credit crunch, said National Development Minister Mah Bow Tan in Parliament on Monday. The economy is facing a difficult recession, but Singapore property developers may have been spared the brunt of the...
Housing and Development Board (HDB) has launched the sale of 438 flats in various towns and estates. The flat supply comprises 3-room and bigger flats. Most of the units offered are four-room flats. They are located in 23 towns and estates from Yishun to Sengkang. Interested flat buyers may submit their applications online from Monday until April 20. HDB will then conduct a computer ballot to...
Keppel Corp plans to build an international school in Tianjin, China. It is teaming up with education groups EtonHouse International and Chiway Holding to develop the first international school in the Sino-Singapore Tianjin Eco-City. The three partners will also jointly develop residential apartments on an adjoining site 10-hectare site. Together they plan to invest as much as 1 billion yuan (S$220...
Singapore is expected to see among the largest growth in hotel room numbers compared to other markets in the region. Over 23,000 new four and five star hotel rooms are expected to come on stream in key Asian cities such as Bangkok, Hanoi, Ho Chi Minh City, Kuala Lumpur and Singapore by 2012. Some 10,000 will be in Singapore. That's nearly 39 per cent growth over Singapore's current numbers. Despite the...