Non-landed residential market most likely to gain from influx of foreign talent, say CHUA YANG LIANG and JACQUELINE WONG SINGAPORE'S non-landed residential market put in a strong performance last year, sub-prime notwithstanding, driven by the luxury and prime segments whose resale capital values saw stunning year-on-year growth of 51.7 per cent and 50.6 per cent respectively. Lights, camera, action: Key...

CapitaCommercial Trust (CCT) has been given a call option to buy the 1 George Street building for nearly S$1.2 billion. This translates to S$2,600 per square foot of net lettable area. CapitaLand will also provide yield protection to CCT, ensuring a minimum net property income of some S$50 million per annum. This means a net property yield of 4.25% per annum on the purchase price for five years until...

Land above station will feature an amphitheatre and a F&B pavilion THE vacant state land above Dhoby Ghaut MRT station will soon offer more than just a convenient access point for pedestrians making their way from the station to the surrounding malls. The Urban Redevelopment Authority (URA) has unveiled plans for the site to be home to a new open space that will play host to community events and...

Gold Ridge has put in the top bid of nearly S$801 million for a white site at Serangoon Central. The price works out to S$850 per square foot per plot ratio for the 99-year leasehold site. This is 10 percent more than the next highest bid of S$727 million from Serangoon Community Developments. All in, the site attracted 6 bids, with the lowest by Peak Star at S$215 million. Analysts expect a full...

Top Australian institution – the Curtin University of Technology – will be setting up shop here, adding another boost to the tertiary scene in Singapore. Students can expect degree programmes in business and technology when the campus opens in early December. Artist's impression of the Singapore campus of Curtin University of Technology The former ITE Balestier campus at Jalan Rajah may not look...

The Urban Redevelopment Authority has released detailed sales conditions for two reserve list sites at Clemenceau Avenue/Havelock Road and Upper Changi Road North/Flora Drive. The site at Clemenceau Avenue is slated for hotel development. The parcel is close to the popular entertainment districts of Clarke Quay, Boat Quay and Robertson Walk. It has an area of about 5,500 square metres and a permissible...

The open space above the Dhoby Ghaut MRT station will be Singapore's latest venue for community activities and performances. This is all part of the Urban Redevelopment Authority (URA)'s plan to increase the number of public spaces along the Orchard Road area. By July next year, the plot of land at Dhoby Ghaut will be transformed into a new space that will host community events and performances. Open...

With Singapore hotel rates keeping up a string of record-setting months, some may be wondering: How long can the hospitality bullrun last and at what point will the Republic's attractiveness as a destination become a casualty? Latest figures from the Singapore Tourism Board (STB) showed the Average Room Rate (ARR) in February at an all-time high of S$256. This was an astronomical year-on-year hike of...

The Housing and Development Board is releasing two parcels of land for condominium housing under the Reserve List of the Government Land Sales programme.One of them, at Jurong West Street 42, is for executive condominium housing, while the other at Chestnut Avenue is for private apartments. Among the two sites, the one at Chestnut Avenue is expected to get more attention from developers. Analysts said this...

The number of deaths at the workplace went down by 22 per cent in 2007, compared to the previous year. This is according to a report released by the Workplace Safety and Health Advisory Committee. Despite the drop, industry players caution that the boom in the construction industry may mean more workplace-related accidents. When the crane tower collapsed at the National University of Singapore last month,...