Applications were only supposed to open on Tuesday, but the overwhelming response to the Housing and Development Board's (HDB) latest housing project in Simei, under the Design, Build and Sell Scheme (DBSS), prompted developer Sim Lian Group to accept bookings on Saturday. Under DBSS, private developers manage the project from its design to construction and sale, and applications are accepted on a...
The first section of the Punggol waterway is set for completion by 2010, bringing waterfront living closer to residents' doorsteps. Construction of the 4.2-kilometre channel started on Saturday, with a groundbreaking ceremony. Over the next few years, the area – known as Punggol 21+ – will see more leisure and recreational facilities. About 21,000 new public and private residences will also be built...
Ascendas Real Estate Investment Trust (A-REIT) has booked a 12.6 per cent increase in distributable income to nearly S$211 million for the financial year ended March 31. It also reported a net property income of S$296.6 million, up 21.8 per cent on-year. And though it said that 2009 will be a difficult year, it expects to maintain a similar level of income for the current financial year. This is because...
The landscape of Singapore will soon look quite different as new developments spring up in the city centre and in the heartlands over the next few years. Future skyline of Marina Bay - URA By 2011 for instance, residents of Jurong will have more opportunities to live by the waterfront. Southern coastal areas like the Labrador Park and Bukit Chermin will also be made more accessible to the public. These...
A home in the heart of the city, with an address next to the thriving Orchard Road, you have every convenience to shop at top designer boutiques, lounge back at chic cafes, and dine at 6-star hotels. At Paterson Suites, a world of excitements is literally just a few steps away. All because you are not part of the city - the city is part of you. Surround yourself with elegance, come home to the rustling...
TWO months of strong home sales may have sparked hopes of resilience in certain parts of the property market here, but the sector is still plagued by problems, said a CIMB-GK Securities report yesterday. A supply overhang - due to default threats from deferred payment scheme buyers - and potential price falls in the high-end market, continue to weigh on property fundamentals, said Mr Donald Chua, who...
CapitaMall Trust (CMTL) reported a distributable income of S$62.6 million for the first quarter of 2009, an eight per cent increase year-on-year. The company said Friday that shareholders can expect a distribution per unit of 1.97 cents for the three months ended March 31, to be distributed on the May 28. CapitaMall added that the numbers were largely due to a retention of S$5.9 million, which includes...
THE buzz continues at property launches on the island. City Developments said yesterday that it achieved about $190 million of sales from selling about 150 units at The Arte at Thomson since March 21. The freehold project is priced at $880 psf on average. No premium is being being charged for an interest absorption scheme (IAS) that CDL has extended to buyers. The scheme means buyers pay just the...
A BRITISH newspaper report has sparked off talk that Singapore’s Raffles Hotel could change owners yet again, for the second time in four years. Citing unnamed hotel industry sources, the Times of London reported yesterday that Fairmont Raffles Hotels International (FRHI) — in which Saudi Prince Alwaleed bin Talal’s Kingdom Holding Company has a controlling stake — is putting the iconic property...
Location: Kim Yam Road (District 9) Tenure: 999-years leasehold Year of Completion: 2011 Total Units: 33 Unit Types: 1 bedroom (337 - 688 sqft) Contact us at [email protected] for more...