Niche property developer Soilbuild has put in the top bid of over S$13.6 million for an industrial site at Woodlands Industrial Park. This works out to S$30 per square foot per plot ratio. The site has a 60-year lease and can potentially yield a gross floor area of about 452,000 square feet of factory space. Consultants Colliers International said the top bid is in line with price expectations for sites...
General
The government has decided to postpone an additional S$1.7 billion worth of public sector projects to further ease pressure on construction resources in Singapore. The government had earlier announced that it would postpone about S$3 billion worth of public sector projects to after 2009. With the latest decision, the government is deferring a total of about S$4.7 billion worth of public sector...
Asia is likely to register a sharp slowdown in hotel investments across the region this year, according to Jones Lang LaSalle Hotels. The hotel investment advisory company said hotel sales in Asia may drop by as much as 75 per cent, compared to last year. Some US$11 billion worth of deals were transacted across Asia in the hotel investment market last year. But Jones Lang LaSalle has forecast that hotel...
First Real Estate Investment Trust said it will distribute 1.91 cents per unit for its fiscal second quarter, up about 16 per cent from the same period a year ago. All in, First REIT will distribute S$5.2 million to unitholders. The trust said its net property income grew about 15 per cent in the second quarter to about S$7.5 million. Gross revenue also rose 15 per cent to S$7.5 million. The trust said...
Daringly designed for urbanities who prefer not to toe the line. Ultra-stylish “bungalows in the sky”. Angled for the best views. Look out to the garden on your doorstep. With security coded lift access to each level, you can enjoy the sky garden in front of your home almost in complete privacy. An exceedingly exclusive lifestyle in prestigious Balmoral, among distinguished company in a neighbourhood...
More factors to consider than just higher bid price I REFER to “Time to relook en bloc rules?” (Weekend Today, July 19-20). On the contrary to what the letter-writer said, there are already enough en bloc rules. Without being privy to certain information, it is incorrect to infer that the Horizon Towers deal was done in bad faith and the proprietary owners did not get the highest price and were...
MAPLETREE Logistics Trust yesterday announced a higher distributable income of $22.6 million, or 2.04 cents a share, for the quarter ended June 30, due to additional income from the 18 properties acquired in the past year. The distribution per unit is 28.3-per-cent higher than 1.59 cents a year earlier. Mr Chua Tiow Chye, chief executive officer of Mapletree Logistics Trust Management, said: “We...
Prestigious Cluster Terrace Homes Located in Greenwood Avenue (Bt. Timah), an exclusive 54 units cluster project that comes with 2 storey terraces and plus a basement and attic with sizes average from 3000 to 3700 sqft. The Greenwood comes with comprehensive facilities and is close to prestigious schools shopping/amenities in the Bukit Timah area. Contact us at [email protected] with the following...
I REFER to “Landmark ruling” (July 18). The judge has ruled that the fact that a higher offer was received for the en bloc sale of Horizon Towers is not within the purview of the Strata Title Board (STB); neither are any allegations of less-than-stellar conduct among the parties. And that if the STB has to hear such matters, it would never get its job done. So, if I get an offer for my home of say,...
A YOGA plaza, roof-top garden and spacious balconies with planter boxes for alfresco relaxation and dining - not the normal features you’d expect on an :Housing and Development Board (HDB) estate. United Engineers will be launching its first public housing project for sale next Wednesday, offering a variety of condo-style frills. The development in Ang Mo Kio Street 52 is ground-breaking in a variety of...