Fund will cushion cost of integrating solar panels into new Green Mark buildings DEVELOPERS of new and green buildings can now tap into a $20 million fund set up by the Government - a decision that is certain to sit well all-round as oil prices continue to surge. The fund will partly offset the cost of integrating solar panels into new buildings “which attain a certain level of Green Mark standard”,...
A bidding war between two of Singapore's most famous corporate families has come to an end but not without a final climax. Insurer Great Eastern Holdings says it will sell its shares in Straits Trading to Tecity, which is controlled by the family of the late Tan Chin Tuan. On Sunday, the Lee family, the main shareholder of Oversea-Chinese Banking Corp, pulled out of the race for Straits Trading, saying...
Lees say yes to Chew Gek Khim’s offer, but will OCBC? A rare and intense corporate tug-of-war between two distinguished families has ended with one side throwing in the towel, but not without first squeezing the other side. The Lees of OCBC fame yesterday retreated from the tussle for one of Singapore’s oldest firms - Straits Trading Company (STC) - by accepting the offer of $6.70 a share from the...
A new shining gem in Buangkok where life begins! With its modern features and stylish landscaping, The Quartz is resplendent with a dazzling array of recreational facilities you can imagine! Located just 3 minutes from Buangkok MRT & minutes from shopping malls, library, bus interchange, good primary & secondary schools and quick access to city via major expressways. Location: 51 - 63, 67, 69...
In the latest signal that the market for private homes has cooled, the Ministry of National Development (MND) yesterday announced minimal changes in the development charges for residential sites. A tax on property developers for site enhancement, the development charges payable in the next six months for non-landed residential sites were raised on average by a marginal 2.6 per cent. The latest hike,...
The Urban Redevelopment Authority (URA) is auctioning 11 land parcels along Sembawang Road/Andrews Avenue as part of its plans for a landed housing estate in the area. The plots constitute the Phase 2 development of the Sembawang Greenvale project, and can accommodate 90 dwellings, comprising of one bungalow, 16 semi-detached houses and 73 terrace houses. Phase 1 of the project, which consists of 12 plots...
The Urban Redevelopment Authority has launched 11 land parcels at Sembawang Road and Andrews Avenue for sale for landed housing development. This is the second phase of the planned Sembawang Greenvale estate. It is one of the eight residential sites on the confirmed list announced under the Government Land Sales Programme for the first half of 2008. The estate will have a mix of landed housing including...
Fair value gains as a result of a revaluation of properties has boosted the full-year earnings of Singapore Land by 1,252 percent. It posted net earnings of nearly S$1.4 billion, compared with S$121 million in the year-ago period. Revenue rose 34 percent to S$271 million. This was due to the contribution from its Pan Pacific Singapore hotel operations and higher rental income. Singapore Land expects...
The area around the Singapore River is getting a new look to give it a night-time buzz, and lighting will be a key feature in the makeover. The Read and Cavenagh bridges will be fitted with programmable lights that produce different colours and patterns. There will also be lights under the Clemenceau, Coleman and Elgin bridges. Even the underpasses at Boat Quay, Empress Place and Clarke Quay will be...
Singapore's development into a vibrant and distinctive city will be done in a sustainable way. And the newly-formed Inter-Ministerial Committee on Sustainable Development will be launching its blueprint on this next year. National Development Minister Mah Bow Tan said this will provide a comprehensive road map of initiatives and measures to sustain Singapore's development for the next 10 years and...