The Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Kallang Road and Jellicoe Road to Citywide Land. The company submitted the sole bid for the site at S$51 million. The site has an area of 4,219.2 square metres and a maximum permissible gross floor area of 18,986 square metres. URA said the site is conveniently located at the fringe of the city and situated above...
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Ruses are now rife; foreign nationals the main targets WHEN factory worker Zhang Wenfang and his five friends found a five-room Housing & Development Board (HDB) flat in Jurong West that they liked, they paid the property agent $9,300 - six months' rent. But, when they tried to move into the flat on July 1, they found it locked. "We had trouble contacting our agent; he didn't return our calls. I...
The Urban Redevelopment Authority has awarded the tender for an industrial site at Kallang Pudding Road to Orion-Four Development. Orion-Four submitted the sole bid of S$10.8 million for the site which has an area of 5,743.2 square metres. The site was launched for public tender on September 3 and the tender closed on October 7. It was offered for sale on a 60-year lease. Source : Channel NewsAsia - 10...
The Urban Redevelopment Authority (URA) has closed the tender for a hotel site at Kallang Road and Jellicoe Road, with only one bid received. Citywide Land tendered the sole bid of S$51 million for the site which has an area of 4,219.2 square metres and a maximum permissible gross floor area of 18,986 square metres. The site was launched for public tender in August. It was originally on the reserve list...
Parkway Life Real Estate Investment Trust (REIT) has announced it will revise annual rent for its Singapore hospital properties upwards by 6.25 per cent. These properties include Mount Elizabeth Hospital, Gleneagles Hospital and East Shore Hospital, and were leased to Parkway Hospitals Singapore for a term of 15 years from 2007. Parkway Trust Management said the properties are the main contributor to the...
RIVER PLACE Designer ID worth $150K 4 bedrooms (4th bedroom converted into formal dining area), balconies, Big Family area for watching TV and playing, Spacious Study area with built in table, rack and furniture Fully furnished with furniture, designer wardrobes, fixtures, new aircon, fridge, washer, and dryer Overlooking Clarke Quay… right opposite Robertson Quay… walking distance to Boat...
EVEN with the manufacturing part of the economy facing difficulties, demand for industrial space - particularly in business parks - is apparently still healthy, according to experts from the property firm DTZ. By contrast, the market for office space is softening, the firm says. Executive director Ms Chua Wei Lin said: “Demand for private industrial properties - in particular, hi-tech and business park...
Plan for hotel draws ire of some members A TOWN club set amid the lush landscape of Fort Canning Park will be turned into a luxury boutique hotel as part of a multi-million dollar revamp - but some club members are unhappy about the change. Mr John Nguyen, a member of The Legends Fort Canning Park, said: “We will lose the feeling of being in a spacious, colonial setting. We will lose the ambience and...
Stepping into a dream home has become a nightmare for a minority of Singaporeans. The Housing and Development Board (HDB) has said 0.7 per cent of its flats built in the last five years have defects such as dislodged floor tiles. One such example is a premium flat at Block 648, Punggol Central. The S$241,000 apartment came with ceramic floor tiles, as well as some furnishings and built-in cabinets. But...
Singapore's marine engineering, construction and financial sectors are among those the government expects to thrive amid the current financial crisis. Observers say the construction industry will be boosted by long-term contracts while the strong asset quality of local banks is shielding the financial sector from global turmoil. Local financial institutions have been beefing up their risk management...