Location: 38 & 40 Cairnhill Road (District 9) Tenure: Freehold Year of Completion: 2013 Site Area: 78,047sqft Total Units: 229 (2 blocks, 20 storeys) Unit Types: 1 bedroom ~ 549 | 667 | 721 sqft 2 bedroom ~ 883 | 1,001 | 1,345 sqft 3 bedroom ~ 1,281 | 1,302 | 1,313 | 1,765 | 1,927 sqft 4 bedroom ~ 1,819 | 2,573 sqft Penthouse ~ 3,853 | 4,768 | 4,833 sqft Facilities: Swimming Pool (50m x 12m), Jacuzzi,...

Islandwide launches of new private homes in December 2008 slumped to a record low since the Urban Redevelopment Authority (URA) started releasing the monthly figures in June 2007. Developers placed just 157 units for sale last month, down by 59 per cent from November. Analysts said there has been softening demand for homes. But the low launch volume could also be due to seasonal adjustment and developers...

A new bridge linking mainland Singapore to Resorts World at Sentosa is expected to open later this year. Resorts World said it should receive traffic ahead of its grand opening. The 710-metre bridge is expected to serve some 15 million visitors a year once the resort is fully operational. After completion, the traffic flow to Sentosa will be realigned. The three lanes are capable of handling some 6,000...

The Singapore Police Force is setting up a dedicated security centre at Marina Bay to manage the challenges expected once the integrated resort there has been completed. The new Marina Bay Neighbourhood Police Centre (NPC) is expected to have 180 officers, three times the number of staff for each existing centre. The other 32 existing neighbourhood police centres have an average of about 70 officers...

Mah provides sneak peek of revived projects to be announced on Budget Day MORE deals up for grabs, less money required upfront and subsidised courses to groom local talent these are some of the initiatives that small-time construction firms can keep their eyes peeled for come Budget Day next week. The sneak peek, provided yesterday by National Development Minister Mah Bow Tan, brought cheer to struggling...

Owners still asking for sky-high prices while bank valuations fall A DOWNTURN is usually the time for bargain-hunters to snap up properties on the cheap. But for now at least, the reality could not be more different, as prospective buyers discover. Said Ms K Chan, a HDB dweller looking to upgrade to a condo: “I thought this would be a good time to pick up a good bargain. But owners are still asking for...

News of a pair of S-Reit refinancings is good sign THE recent news of two successful refinancings bodes well for the broader Singapore real estate investment trusts (S-Reit) sector. CapitaCommercial Trust announced last week that it would be able to refinance some $580 million in commercial mortgage-backed securities (CMBS) due in March 2009, using a 3-year term loan facility with four banks. In...

The Singapore government will roll out public sector projects worth up to S$50 million each from the middle of this year. It had earlier deferred projects amounting to S$4.7 billion to ease pressure on the construction sector. The government said the upcoming projects are expected to attract small and medium-sized contractors. National Development Minister Mah Bow Tan said: "The big contractors have...

Real estate giant CapitaLand saved some S$1.5 million last year by reducing its electricity and water consumption. The green efforts were carried out across 23 properties such as its retail malls and office buildings. The amount of electricity saved can power about 13,000 five-room HDB flats for one month, while the amount of water saved can fill 24 Olympic-sized swimming pools. Last year, CapitaLand...

Mainboard-listed UOL Group has made a takeover bid for United Industrial Corp (UIC). UOL is paying S$1.20 per share - valuing UIC at S$1.6 billion. The move comes after UOL's shareholding in UIC crossed the 30 per cent mark. Under listing rules, this means it has to make a general offer for the remaining shares. UOL's bid for UIC has revived long-time rivalries between United Overseas Bank Chairman Wee...