At first, only 25 of the 31 owners signed on the dotted line. But when developer Allgreen later managed to get the remaining Regent Garden owners on board, it meant the en bloc sale of the condominium had unanimous consent. That meant the Strata Titles Board should not have heard the objections of the initial group of majority owners and its dismissal in January of the $34-million collective sale was...
COULD Singapore spark the green revolution in China, a country recently named in a University of California report as the world's "biggest polluter"? This possibility is being raised as the Sino-Singapore Tianjin Eco-City — the first collaboration of its kind between Singapore and Beijing since the Suzhou Industrial Park (SIP) in 1994 — takes off. Using the lessons from the Housing and Development...
The mega eco-city project in Tianjin, which is jointly planned by China and Singapore, will be completed in 10 to 15 years. But a glimpse of the whole city can be seen in as early as three years when a start-up area is completed, according to National Development Minister Mah Bow Tan, who is leading the Singapore team in the project. This urban development will not take place at the expense of the...
Business space solutions provider Ascendas is investing in North India with a proposed integrated development project in Gurgaon. It has set up a joint venture with Dr Fresh Healthcare to develop a 62-acre integrated business and residential project. The two parties are committing a total of S$560 million in investments for the joint venture. Ascendas will own a 51 percent stake, while the rest will be...
Zenith, a distinctive modern architecture with 85 units in a 13-storey city building. Experience an exclusive lifestyle while you are a stone throw away from the vibrant city. Located opposite Great World City, brings you all the convenience of your daily needs. Leisure and business are also easily accessible with minutes away from Ochard Road and the Central Business District. Location : Zion Rd...
Parkway Life REIT has bought a pharmaceutical product distributing facility in Japan's Chiba prefecture for S$35 million. The trust says the investment is yield-accretive, with a net initial yield of 5.3 per cent. The facility, called J-REP Matsudo II, will also be used for manufacturing pharmaceutical products. The investment is Parkway Life REIT's first overseas venture and comes just seven months...
En bloc firm offers Leedon Heights residents leaseback deal RESIDENTS of Leedon Heights came home to a pleasant surprise last week — the chance to stay on in their apartments until the end of January next year, instead of having to move out by June. Following appeals from residents and home-owners, the buyer of the en bloc site, GuocoLand, extended a leaseback deal to them. In a notice dated April 10,...
Two years after the tales were last heard of a possible Disney adventure in the region, there are prospects anew that Mickey could yet hold fort in a theme park here. The operator of Tokyo Disneyland said yesterday — as fans flocked to the theme park on its 25th anniversary — that it was considering opening a new facility in South-east Asia. Oriental Land chairman Toshio Kagami said the company wanted...
THE DOMESTIC property market is expected to remain cautious even after an increase in sales and launches last month. Some 322 private residential units were sold in March, a 70-per-cent increase from the 189 in February, according to data released yesterday by the Urban Redevelopment Authority. A total of 642 new units were offered for sale by developers last month, up 87.17 per cent from 343 in...
Consumer prices may rise more than 6.5 per cent in the first half of the year. But, according to Trade and Industry Minister Lim Hng Kiang, the inflation rate is expected to go down in the second half of 2008. Singapore's inflation rate has been hovering at its highest level in 26 years. This has been fuelled by a rise in prices of food and raw materials. Last week, the Monetary Authority of Singapore...