The Singapore government will not introduce measures to stimulate demand or prop up prices artificially in the property sector. Speaking at an industry event on Wednesday, National Development Minister Mah Bow Tan said such efforts are not sustainable. However, the government will study suggestions by market players on how to help the property sector. Developers are feeling the heat from the economic...
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Located in Singapore’s most desirable residential enclave, Ardmore 3 is an ultra luxury niche 36-storey development in Ardmore Park. This freehold address offers convenient access to the heart of Orchard Road, while remaining exclusive and retains all the privacy away from the hustle and bustle of the city. Location: Ardmore Park (District 10) Tenure: Freehold Year of Completion: 2014 Total Units:...
A new international school offering a US-based curriculum will open its doors at the former Upper Serangoon Secondary School in September 2009. Cognita, a leading education group from the United Kingdom, plans to set up the Stamford American International School at the vacant school building after the Singapore Economic Development Board and the Singapore Land Authority (SLA) gave its proposal the...
Italy's top animation studio Rainbow S.p.A has chosen Singapore as the location for its S$25 million global headquarters of its online gaming division. It will develop interactive games for children based on its successful animated television series, Winx Club. Rainbow says this will generate hundreds of jobs in Singapore's computer graphics and IT sectors, but did not provide exact figures. This is in...
The construction and upgrading of HDB flats will be a major project in the months ahead. The National Development Ministry said these are ongoing projects which will not be affected by the economy. Construction costs may have gone up but so has the demand for public housing. National Development Minister Mah Bow Tan said: “The mix of the new flats that we're building will change from the bigger flats...
Property developer City Developments Ltd (CDL) has been lauded for its Corporate Social Responsibility (CSR) practices. It clinched three awards at the Asian CSR Awards 2008. CDL is the only Singapore company to be recognised at the event. In a statement, CDL said its three CSR initiatives were selected for the awards, out of a total of 15 finalists across five categories. Among them was a campaign...
Lornie 18 constitutes to a resort residence and is clearly manifested in the nature-like setting of tropical flora and fauna and water features; while the home fixtures and fittings allows one to indulge in modern living. The novel concept of Lornie 18 lies in enjoying the characteristics of a landed property and indulging in condominium-like facilities such as swimming pool and barbecue areas at the same...
Property watchers and players in Singapore are increasingly hoping for some help from the government to boost the sluggish residential sector. New private home sales this year look set to hit their lowest levels since the 1997 Asian financial cisis. And the outlook is weak, amid the global downturn. Only 3,900 new private homes have been sold year to date. Property watchers said this could be the first...
Location: Jalan Dermawan (Hillview Ave) Tenure: 999yrs from 12 Oct 1885 Year of Completion: 2011 Total Units: 2 Cluster Bungalows + 12 Cluster Semi-Detach Unit Sizes: 4919sqft - 6706sqft Unit Types: 5+maid+family hall (2 Storey with Attic+ Basement) Features & Facilities: * Located at the higher ground with abundance of forest and superb view * Quality finishing * Master bath comes with Jacuzzi *...
Kaplan will set up a second city campus in the Orchard Road area by the end of 2009. The school said the 20,000 square-foot campus will cater to some 5,000 students. It expects 40 per cent of the intake to be international students. Kaplan opened eight campuses in mainland China in 2008. The new campus in Singapore will cater to students who are expected to complete their final year of study here. In a...