Weaker US dollar pushing up cost for Las Vegas SandsLAS Vegas Sands (LVS) said that despite the constricted credit market, it has secured more than US$3.7 billion ($5.3 billion) in loans to build Marina Bay Sands, its proposed integrated resort in Singapore. The financing package for the complex also includes a capital contribution of about US$558 million in equity from LVS, according to a United States...
A true escapist therapy, you need little persuasion to surrender to the delicious lifestyle residing in it. With 62 units articulately developed in a 25-storey vertical paradise, every level spells 3 magnetic apartments where nothing ordinary is spared. The overriding feeling of freedom and joy everyday, you’re promised the intrigue. With 62 units articulately developed in a 25-storey vertical...
Some 8,000 people were at the sales launch of City View @ Boon Keng, the second batch of condo-style public apartments under the HDB’s Design, Build and Sell Scheme. And so far 1,100 people have applied to buy their dream homes in the 714-unit development, undeterred by the high average cost of $520 per square foot. City View @ Boon Keng is located on the city fringes and is within walking distance of...
The legal profession is forming a committee to find solutions to the problem of errant lawyers siphoning clients’ monies. This is a further response to recent cases where lawyers were involved in shady real estate deals that have gone bad. This was announced at the opening of the Legal Year 2008. It is an annual tradition for the Chief Justice to open a new legal year at the start of a new year. Apart...
The Singapore Land Authority (SLA) has introduced a new open bidding system for a fair and transparent allocation of residential state properties. It will put up some 36 properties under this system in the first half of this year. The properties include a bungalow on Hyderabad Road with a guide monthly rent of S$13,500 and an apartment on Clemenceau Avenue North with a guide rent of S$1,150. In October...
Hong Leong Holdings, the privately-held property arm of conglomerate Hong Leong Group, has officially launched Aalto, a luxury residential development at Meyer Road. The freehold development sits on a 12,500-sq-m site and comprises two 27-storey blocks. It boasts unblocked views of the sea from the apartments, all of which are served by private lifts. About 60 per cent of the 196 units have been sold...
Horizon Towers saga revived as opposing owners appeal against sale order JUST when some prayed it was all over, the owners of Horizon Towers could be in for more sleepless nights - exactly a month after the Strata Titles Board granted the sale order for the contentious $500-million deal. That decision would have brought a closure to the long-running saga, but for unhappiness among minority owners with...
En bloc is about losing homes, Strata Titles Board need to reflect that Dharmendra Yadav EN BLOC sales were the buzzwords of 2007 and if the economic indicators are right, the story will continue to dominate the headlines this year. The en bloc craze of the past year has meant a lot more work for the Strata Titles Boards (STB). Since 1999, the board has shouldered the additional role of approving...
In October last year, my fiance and I balloted for a flat at Telok Blangah Towers. There were more than 7,000 applicants for the 210 four-room units. We went to see his MP for West Coast GRC (my fiance lives one street away from the new development) and voiced our concerns. The MP helped us with a letter to the Housing and Development Board (HDB) stating that the both of us live within 2km of the...
Private sector economists are taking a positive stance on the Singapore economy. With GDP numbers for the fourth quarter of 2007 showing a contraction from the previous three months, yet another such dip would mean a technical recession. This would happen if growth numbers for the first quarter of this year show a decline from the previous three months. But economists polled by Channel NewsAsia prefer...