General

Located right next to the underground Kovan MRT Station and being well connected to major arterials and expressways such as TPE and CTE, Kovan Residence offers residents convenience in travelling to all parts of the island. Renowned schools abound nearby, including Rosyth and Maris Stella and Nanyang Junior College, as well as a few international schools. Available are 2-, 3- or 4-bedroom apartments, all...

Suntec REIT has secured a S$400 million loan to refinance its bridging loans. It will be carried out through an unsecured club loan facility from a panel of banks. The facility is for a period of three years. The loan will help Suntec refinance an outstanding loan after its acquisition of one third of the One Raffles Quay building in the central business district. With this new deal, Suntec REIT will...

Allco Commercial REIT has been given the green light to build a 10-storey hotel with about 350 rooms at China Square Central. The Urban Redevelopment Authority (URA) has granted Allco REIT permission to add 16,000 square metres of gross floor area to the development in the central business district. The development currently consists of a 15-storey office block and 38 conservation shop house...

Singapore's office property sector market appears to be cooling a little. According to property consultant DTZ, the average office occupancy rate for the second quarter of this year saw a dip of 0.2 percentage point. Office rental prices have also been flat - suggesting that the market is resistant to rising prices. According to DTZ, the average office occupancy rate in the second quarter dipped to 96.9...

Katong Mall has been sold in a collective transaction to property developer Tuan Sing Group for S$219 million. Including a premium of S$24.5 million to top up the site's lease, the price works out to about S$865 per square foot of gross floor area. The tender for the 99-year leasehold commercial development in the Marine Parade area was launched in May. Katong Mall, located at the junction of East Coast...

The Urban Redevelopment Authority (URA) has launched a white site for sale in the Ophir Rochor corridor. The announcement did not come as a surprise, as the government had already indicated it will be sold under the confirmed list of the land sales programme. The 2.7 hectare site is expected to be a mixed use cluster, acting as a connector between the existing financial district and the historical...

Millennium & Copthorne Hotels New Zealand said it has completed its purchase of the Copthorne Hotel Auckland Harbourcity. But in a filing to the Singapore Exchange, it said the price of the deal was confidential. Millennium & Copthorne is funding the purchase with cash and a new loan facility. The area around the Copthorne Hotel Auckland Harbourcity is now a focal point for entertainment and...

Experience luxe urban living like never before Soaring through the night sky in a dazzling beacon of light, L'VIV is set to take chic city living to new heights. Located in the prime residential enclave of Newton, this exclusive boutique development boasts prime views of the city from each tastefully appointed apartment. It also features 4 distinct lifestyles suites on the 24th storey, perfect for...

Construction of Phase 2B of Fusionopolis has begun with the ground-breaking ceremony for a 15-storey building called Solaris. It is being developed by Soilbuild Group - the first private sector developer at Fusionopolis cluster at one-north. Its $148-million new building will cover :an estimated gross floor area of 540,000 square feet and is slated for completion in 2010. It will house research...

Singapore is seeing an overwhelming demand for research and development space, particularly from the info-communication, media and science sectors. So to meet the growing need, the government said it will expand the Fusionopolis cluster at one-north. This was revealed at the ground-breaking ceremony of Phase 2B of the development on Friday. The ground-breaking marks the start of Phase 2B of...