Soilbuild Group Holding’s latest condominium project, Montebleu, is sold out, with an overseas institutional investor acquiring 37 out of the 151 units of the project in Novena. The freehold, 34-storey development at Minbu Road attracted local buyers as well as overseas buyers and investors. “Considering the many developments available in the Novena district, the take-up rate has been excellent. We...
Rental rates for luxury homes in Singapore have outstripped those in Hong Kong for the first time. This is according to corporate leasing agents Savills. And it says this is due largely to the short supply of rental units in the prime residential districts amid the recent spate of en bloc sales in Singapore. Savills also notes that this is pricing some expatriates out of the prime areas. It is now...
Orchard Towers and its infamous nightclubs could soon be a thing of the past, should it become the latest along Singapore’s premiere shopping belt to feed the en bloc frenzy. TODAY understands that early last month, the owners of the building — one of the oldest shopping centres on Orchard Road — elected a sale committee at its annual general meeting to study the possibility of a collective...
The Building and Construction Authority (BCA) is working with the universities and industry to encourage wider use of recycled materials such as NewConcrete in the construction industry. The aim is to reduce Singapore's dependency on sand and granite in concrete production. Granite has been in short supply lately and contractors have been turning to recycled materials for construction wherever...
Property and tourism-related counters, as well as hotel REITs, perked up on news that Singapore is hosting a Formula One Grand Prix next year. While the race is expected to bring some economic spin-offs, some market-watchers said they do not expect the glow effect to last throughout the entire franchise tenure. Property players like Singapore Land, UOL Group and CDL hospitality REIT are seen as the...
Singapore has been ranked as the fifth most tax-friendly economy in the world in this year's Tax Misery & Reform Index compiled by Forbes. The top spots were clinched by the United Arab Emirates and new entrant, Qatar, with Hong Kong in third position. Cyprus was also considered to be more tax-friendly than Singapore. At the other end of the scale were France, Belgium and China. China was also...
With 3 magnificient 24-storey iconic blocks located at the most prestigious address at Meyer Road, The Seafront On Meyer offers true tropical living by the park and the sea. Near many renowned schools & institutions (Tao Nan School, Kong Hwa Primary) and close proximity to Marina Bay Sands Integrated Resort, Sports & Recreation Hub and CBD, the location is simply incomparable. The spacious...
The hotel, nightspot and retail industries are celebrating the news of Singapore hosting the F1 race next year. It is believed the tourism industry will be making more than S$100 million from the race. Many are expecting lots of fast action off the track when F1 comes to town. During the race season, it is parties galore - practically by every team and their sponsors. Big names in entertainment are...
City Developments (CDL) has received more than one-third of all the Green Mark Awards that were handed out to private developers by the Building and Construction Authority recently. CDL’s 16 awards account for more than 25 per cent of the total number of Green Mark Awards that have been given out since the inaugural one was presented in 2005. Take a look at the numbers: CDL has achieved a reduction of...
If you fancy seafront living on Sentosa, time is running out for you to snare a prized plot of land there. Sentosa Cove has started inviting offers for one of the final batches of seafront bungalow parcels available in the gated Southern Residential Precinct. The four bungalow land parcels that are on offer are literally located at the edge of the water. These land parcels range in size from 904.1sq m...