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...

CapitaCommercial Trust (CCT) has decided to defer the planned redevelopment of the Market Street car park. In January 2008, CCT was granted an outline planning permission by urban planners to redevelop the property into a Grade A office building. Since then, it has been working with its appointed architect and consultants to finalise and submit design plans to the Urban Redevelopment Authority. In a...

The Monetary Authority of Singapore (MAS) has said it expects inflation, now at a 26-year high of 6.7 percent, to cool to an average 4 percent in the second half of this year. Singapore's central bank also said on Tuesday that economic growth will slow in 2008, but the expansion will likely remain at a healthy level even under a tighter monetary policy. "Full-year gross domestic growth of between 4%-6%...

Mainboard-listed Macquarie MEAG Prime REIT (MMP REIT) has booked a distributable income of S$17 million for the first quarter, up nearly 22 per cent compared to the same period a year ago. MMP REIT said that its earnings were driven by attractive acquisitions, tenancy remix as well as asset enhancement initiatives. The REIT saw strong rental rates in Singapore. Its retail space was at full occupancy,...

Prime Minister Lee Hsien Loong has set a more ambitious, 10-year target of reducing deaths at the workplace to 1.8 per 100,000 workers. Singapore's aim right now is to halve the fatality rate to 2.5 by 2015 and Mr Lee said this target is "well within reach". Mr Lee was speaking at the launch of the Workplace Safety and Health Campaign 2008 on Tuesday. The stakeholders from industry and the tripartite...

National Development Minister Mah Bow Tan said the number of foreign construction workers in Singapore has gone up, and they would need more than just basic housing. "Because the numbers are so large, we also need to look into purpose-built facilities for them. For example, the foreign workers dormitories. We cannot just build housing for them without looking at all the other facilities like sports and...