The Urban Redevelopment Authority (URA) is reviewing guidelines for restaurants and pubs located in private shophouses near residential areas. It is asking for public feedback on whether entertainment activities should be freely allowed at those premises. For the past 20 years, Lai Fak Nian, managing director of Plum Village Restaurant, has been thinking of various ways to entertain customers and spur...
General
The Swissotel Merchant Court Hotel in Singapore is being offered for sale by international tender. The sale is managed by Jones Lang LaSalle Hotels. The 476-room hotel is located on the banks of the Singapore River and is within walking distance to the city's business and financial districts. Jones Lang LaSalle Hotels expects investor interest in the property to be strong from regions such as Europe and...
Of all the Singaporean companies in Vietnam, few have more confidence in the long-term future of Indochina’s largest country than Keppel Land (KepLand), the property arm of one of the island’s largest conglomerates, Keppel Corporation. It’s putting its money where its mouth is with its plans to invest $1 billion in Vietnam’s tallest building, an 88-storey complex of shops, offices and residences...
Like medical and legal services, we must engage trained and reliable property professionals Many people praised the Competition Commission of Singapore’s recent decision to have the Institute of Estate Agents (IEA) remove its commission guidelines for property agents. The common reason given was that many felt property agents played a minor role in their transaction and hence did not deserve what the...
House-seekers can expect more property listings on MediaCorp’s online classifieds portal mocca.com following its tie-up with HSR, one of the largest real estate agencies here. The partnership will make it easier for HSR’s large network of property agents to place their advertisements on the website with just a telephone call through a dedicated hotline service. Agents can also make use of the...
To instil greater discipline in the holding of government properties pending development, the Law Ministry plans to introduce a reservation framework for public sector agencies. Senior Minister of State for Finance Lim Hwee Hua told the House that agencies making such reservations would have to pay for planning and feasibility studies. Responding to a question by Nominated MP Gautam Banerjee on what is...
The Urban Redevelopment Authority (URA) is calling for tenders for its reserve list site at Serangoon Avenue 3. The 1.3 hectare site has been earmarked for residential development and is in a private residential estate next to the future Lorong Chuan Mass Rapid Transit station. The 99-year leasehold land parcel can generate a maximum permissible gross floor area of about 418,253 square feet. A site on...
KOP Capital is moving from residential and commercial property development into hotel business for the first time. The Singapore-based developer has recently acquired a 50 per cent stake in a small luxury hotel operator, Stein Group, which is based in Spain. The investment is valued at US$250 million. Last year, KOP Capital launched Asia's first high-end residential project that features a car park right...
Second Chance Properties has turned in net profits for the sixth straight year. The company saw net profit for the full-year ended June improve 31 per cent to S$24.1 million. This was achieved on the back of revenue of S$53.2 million, up S$5 million from the previous year. The company distributed a tax-exempt dividend of 3 Singapore cents per share in July, and has recommended dividends of 3.5 cents per...
Inspired by Nature Belle Vue Residences is designed to parallel nature's exquisite simplicity. Its' organically-shaped unit layout, offers a new living arrangement and horizontal spatial experience. The branching pattern creates more wall surfaces, making possible for more windows, giving each apartment a unique set of views and allowing residents to enjoy an abundance of natural light and better...