Sino Construction has raised nearly S$60 million from its initial public offering (IPO). The company said the IPO has been fully taken up, despite the current weak market sentiment. Guoco Group was among the major investors. Sino Construction had offered about 153 million shares at 39 Singapore cents each. Of these, more than 6 million shares were set aside for the public. Sino Construction plans to use...
General
TO help meet demand for flats in the northern part of the island, the Housing and Development Board (HDB) yesterday launched a: Build-To-Order (BTO) project in Woodlands town called Straits Vista @ Marsiling. The project, comprising 50 units of three-room and 332 units of four-room flats, is located near the Woodlands Regional Centre and is served by the Woodlands MRT station and bus interchange. It is...
Mainboard-listed Yanlord Land Group said 60 per cent of the first batch of 130 apartment units, launched in Shanghai Yanlord Riverside City Phase Three, were sold during the opening weekend earlier this month. This translates to an initial sale of 77 units. The average selling price per square metre rose 13% to about RMB 39,000, compared with the RMB 34,500sqm in Phase Two sold in January this year. The...
Singapore's public housing agency - Housing and Development Board (HDB) - has been given the United Nations Public Service Award. HDB said the award is in recognition of the Home Ownership Programme, which has successfully provided over 80 per cent of Singaporeans with affordable quality flats, of them 95 per cent own these homes. Describing it as a significant milestone in its history, HDB said the...
The Housing and Development Board (HDB) on Tuesday launched a Build-To-Order (BTO) project called Straits Vista @ Marsiling. The project is located near the Woodlands Regional Centre, and is served by Woodlands MRT station and bus interchange. HDB advised potential buyers to plan ahead for their housing needs, since BTO flats take a few years to complete. It said couples planning to get married should...
National Development Minister Mah Bow Tan said the Housing and Development Board (HDB) is containing construction costs as much as it could even though they have gone up significantly recently. HDB is doing this by simplifying some of the projects or by combining them so that there are more economies of scale. A recent example is the Punggol Sapphire project which has more than a thousand units against...
Singapore has come out tops in Asia for having the highest quality of living, according to an annual survey by consulting firm Mercer. The study was based on a number of factors including the political and social environment, medical and health considerations, public services and transportation, and housing. Globally, Singapore is ranked 32, after climbing two spots from last year. In Asia, Tokyo,...
One Devonshire is an exclusive development comprising only 152 units. The eye-catching development with its contemporary architecture and unique 7-sky-gardens concept will appeal to all. Each exquisitely designed sky garden has its own unique theme. Facilities include, among other things, a clubhouse, swimming pool and tennis court. This is a prime residential development and its close proximity to...
Chip Eng Seng has won a $124m HDB contract to build five residential blocks in Sengkang. The contract also includes the construction of a multi-storey car park, with a planned community facility on the first floor and a precinct pavilion. Construction is expected to begin this month, and be completed by 2011. The new contract brings Chip Eng Seng's current order book to a total of $755 million. Earlier...
Singapore ranks second in Asia after Tokyo as a key centre of commerce, according to a study by MasterCard Worldwide Research. The study ranks the top 75 centres of commerce by comparing how they perform critical functions that connect markets around the world. Globally, Singapore takes fourth spot ahead of Hong Kong which is sixth in this year's index. According to the study, Singapore shines as a...