In what could be another sign of the cooling en bloc market, a site off Sixth Avenue has been put back on the market at a discount, after it did not attract a single bidder at first go. The reserve price for Royalville has been cut to $305 million - down 13 per cent from the minimum $350 million asked last October. This new price works out to $1,106 per square foot (psf) per plot ratio after development...
A S$300 million warehouse store will be open in Jurong East in the last quarter of 2009. The company behind the Big Box project, TT International, said the Jurong warehouse will be its flagship store. Sitting on a 5.6-hectare site near the Jurong East MRT station, the outlet will be as big as 27 football fields put together with a total gross floor area of 120,000 square metres. About 30 per cent of the...
Sales of private properties have been sliding amid a standoff between buyers and sellers, say market watchers. In February, sales for new launches were only one tenth of the record numbers seen in August last year. Analysts also say that residential property prices may have finally peaked, although the fundamentals still support long-term growth. URA's latest flash estimates showed private home prices...
The owners of Royalville, a freehold mixed development along Bukit Timah Road, are giving the collective sale market another try. They have relaunched the property for sale by tender, with an asking price of S$305 million. Including a development charge of S$6 million, this works out to a land rate of about S$1,106 per square foot of gross floor area. Royalville is made up of 93 residential units and 11...
The enbloc sale of Tulip Garden, a freehold development in District 10, appears to be off. Tulip Garden was sold in July 2007 in a collective sale valued at S$516 million. The property is along the prime Holland Road and Farrer Road area. Channel NewsAsia understands that owners are now waiting to hear more details from the developer. Bravo Building Construction bought Tulip Garden at more than S$1,000 per...
Unique mixed development of 334 residential apartments, 32 “SOHO-style” apartments, 100,000sqft of retail space and a 370-unit hotel. Strategically located on North Buona Vista Road, at the confluence of the East-West MRT Line (Buona Vista MRT Station) and the future Circle Line (one-north MRT Station). Situated next to Rochester Park, planned $660 million lifestyle hub by Capitaland and Rock...
The Housing and Development Board (HDB) has launched the sale of a new site in Simei under its Design, Build and Sell Scheme (DBSS). Analysts said the plot of land near the Simei MRT station should attract medium-sized developers and construction companies to bid between S$49 million and S$76 million. With an area of over 16,000 square metres, an estimated 320 to 360 units can be built there. A higher...
THE Court of Three Judges is deliberating over how three lawyers should be taken to task for their roles in making a court wrongly pay out $4.27million. In hearing the matter last Thursday, Chief Justice Chan Sek Keong said it was clear the court had been 'made use of'. The question though, said the CJ, was the intent of the three lawyers - Ms Nor'ain Abu Bakar, Ms Ruby Tan and MrPeter Chua. In 2005,...
The Home Office Scheme has been popular since it was introduced in 2003. So far, more than 20,600 authorisations have been issued, with 19,500 approved applications for HDB flats and 1,100 for private properties. With the Housing and Development Board (HDB) extending the approval period for the scheme from three years to five years, more are expected to join the scheme. From the beginning of this month,...
Day View Night View Leonie Hill Residences is a 29-storey architecture with clean forms and curved lines, Leonie Hill Residences features 80 luxurious apartments with only 3 apartments per storey proffering exclusivity. In this modish sanctuary, one can also take pleasure in the penthouse featuring a garden roof terrace with jet pool that promises relaxation and enjoyment in complete...