The Federal Reserve announced Friday that it will expand a series of efforts to deal with the global credit crisis, in coordination with European central banks. The Fed said it was boosting the amount of emergency reserves it supplies to United States banks to US$150 billion ($205 billion) in May, from the US$100 billion it supplied in April. The Fed took this action and several other moves to boost...
General
Enbloc sales woes and unhappiness at Mandarin Gardens have left the condominium without a management committee for the past week. The previous committee refused to be re-nominated for elections at its Annual General Meeting last Sunday. Since then, no one is taking charge of the day-to-day management at the condominium on Siglap Road. Channel NewsAsia understands that the entire management committee...
An exquisite development located in the Exclusive and tranquil setting of the Braddell Height Estate. Total Units : 18 individual strata titled Bungalows (of which seven are unsold)with its own individual private pool, lush landscaping, numerous water features, coupled with an efficient layout and modern fixtures and fittings-offers a luxurious lifestyle for a selective few only. Location : Dunsfold...
An underground public walkway connecting One Raffles Link to Suntec City Mall is now open once again. And from now till 4 May, Suntec City Mall is giving away free coffee, chocolates and sweets to pedestrians to mark the reopening of the underpass. The public can also look forward to music and line dancing performances every weekend in the month of May. The underpass, which is part of the CityLink Mall,...
JTC Corporation releases its North Buona Vista Drive (LX 1-1) site for sale under the government's reserve list . The 99-year lease site is located at the junction of North Buona Vista Road and Commonwealth Avenue West. Under the Reserve List system of the Government Land Sale programme, the site would only be put up for tender after the minimum bid price received from a developer is found acceptable by...
Keppel Land has entered into a joint venture with Sunsea Yacht Club to develop its first integrated residential cum marina lifestyle development in Zhongshan, Guangdong. Keppel Land will have an 80 per cent stake in the venture to develop the waterfront homes in the affluent Pearl River Delta region of Zhongshan. Targeted at the upper-middle to upper income segments, the proposed residential project...
Majestically poised in the coveted environment of Tanglin, Singapore’s prime residential district, are the White House Residences, a prospective living development of grandeur and privilege. The owner says of this prestigious area, “Singapore is not a mere jewel in Asia but a whole jewelry box with its rapidly changing and ever-progressing business, entertainment, cultural, and lifestyle...
The Urban Redevelopment Authority (URA) has launched a residential site at Woodleigh Close for sale by public tender. At 1.08 hectare, market watchers said about 260-290 apartment units can be built on the plot of land, which is located near to the Potong Pasir MRT station. A new 99-year leasehold project in the location is expected to fetch prices of around S$800 psf. This will translate to a possible...
The Housing and Development Board (HDB) will launch on Wednesday a land parcel at Sengkang East Avenue for executive condominium development under the Reserve List System. HDB said the 17,000 square metre plot will have a permissible gross floor area of over 51,000 square metres. Property consultants estimate that the 99-year lease site could fetch about 450 to 500 units, with a land price of S$110 to...
JTC has achieved a record occupancy level for its ready-built facilities in the first quarter of 2008. Net allocation was 38,400 square metres, six-fold higher than the same period last year. In its quarterly report, JTC said this helped to boost the occupancy level for ready-built facilities by 1.3 percentage points to 93.9 percent. Termination level, however, has gone up as well - to 51,100 square...