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Plan to develop eco-park on Semakau Landfill expected early 2009

Semakau Landfill is set to get a new lease of life. Jurong Consultants, as well as RSP Architects and Planners, are expected to come back with a master plan by early 2009. The aim is to determine whether part of the area can be turned into an eco-park that runs on its own water and energy. A growing population means a growing mound of rubbish. Waste disposal has increased six-fold in Singapore between...

Braddell Heights Estate to undergo Private Estate Upgrading

Braddell Heights Estate in Serangoon Central will soon receive new recreational facilities. The upgrading work will start early January and is scheduled to be completed by 2010. Under the government's Private Estate Upgrading Programme, the area will see its existing park enlarged. Residents can also look forward to the creation of a new park. Marine Parade GRC MP Seah Kian Peng announced this at a...

CapitaLand profit slips on slowing home sales

SOUTH-EAST Asia's largest property developer, CapitaLand, saw its third-quarter profit fall by 26 per cent as slowing economic growth continues to hurt demand for homes in Singapore, China and Australia. Net income fell to $419.4 million, from $563.9 million a year earlier, CapitaLand said in a statement yesterday. Revenue declined 33 per cent to $597.2 million. "The fundamentals in the group's core...

Good turnout at new DBSS project

AT first glance, you might not have thought an economic slowdown was in the wind, with 1,000 visitors thronging the sale launch of the Housing and Development Board's latest project at Bishan on Day One. Natura Loft, a Design, Build and Sell Scheme (DBSS) project, features three 40-storey blocks of 160 four-room flats and 320 five-room units. Describing the response as "enthusiastic", developer Qingjian...

Govt applies brakes

Prompt move aimed at helping sentiment in sagging market THE Government has put the brakes on its land sales programme, as the outlook for the local economy and the property market takes a turn for the worse. The Ministry of National Development on Friday said it would move most of the land sites on its confirmed list this year to the reserve list, and suspend its confirmed list of sites for sale in the...

Crowds turn up at Bishan showflat despite economic slowdown

Despite the economic slowdown, some 1,000 people checked out the showflat in Bishan under the Housing and Development Board's (HDB) Design, Build and Sell Scheme on Friday. Called Natura Loft, it is the fourth project under the scheme. A five-room unit costs up to S$739,000. It is priced at an average of S$525 per square foot, which makes it one of the most expensive units under the scheme so far. The...

Analysts, developers applaud MND’s move to reduce land sales

The Singapore government has slashed the number of sites it is offering for sale in anticipation of falling demand due to the poor global economy. The Ministry of National Development (MND) has said no sites will be released under the confirmed list in the first half of 2009. And it has cut down the remaining sites for sale for the rest of 2008 from seven to just one. Five sites were moved to a reserve...

MND changes Government Land Sales programme for greater flexibility

The National Development Ministry has announced changes to the Government Land Sales (GLS) programme for the rest of 2008. It said that while Singapore's fundamentals remain sound, the global economic uncertainties have affected the outlook for the country's economy and property market. There were three main changes. Firstly, most of the sites under the confirmed list are being transferred to the...

New 7th Storey Hotel makes way for new Bugis MRT station

One of Singapore's oldest hotels has finally called it a day after 55 years. The New 7th Storey Hotel at Rochor Road is making way for the new Bugis MRT station. The new Bugis station is one of the six that make up the 4.3-kilometre Downtown Line One, which is scheduled to open in 2013. Authorities said demolition of the hotel is unavoidable due to engineering constraints. The owners spent some...

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