Global economy hotel chain, ibis, will set up its largest branch outside Europe here. The 538-room hotel will be the first ibis in Singapore and will open its doors on February 24 next year. ibis Singapore on Bencoolen plans to target leisure and business travellers with its debut nightly rate of S$148 per room. Located along Bencoolen Street, the S$145 million hotel is being developed by LaSalle...
The Housing and Development Board (HDB) has launched a new Build-To-Order (BTO) project at Yishun. It has the highest proportion of smaller flat types among BTO projects. This is in line with HDB's plan to supply more smaller flats. The latest Build-To-Order project is Dew Spring@Yishun. 43 per cent of its 864 units are 2- and 3-room flats, the largest proportion in a BTO project so far. Tan Poh Hong,...
The Dempsey Road area which is home to restaurants, bars and gourmet grocers is set to get more vibrant. The Singapore Land Authority (SLA) has awarded the tender to redevelop parts of Tanglin Village to property investment firm Country City Investment. The project will cover 20,147 square metres of land with a gross floor area of 7,503 square metres. The new land plots will complement the present area...
Singapore's Urban Redevelopment Authority (URA) has put a 1.46-hectare site at Stamford Road/North Bridge Road for sale. It is available on the Reserve list of the Government Land Sales Programme for the second half of 2008. The land parcel occupies a prime location in the heart of the city, and is strategically situated along the commercial and mixed-use corridor at North Bridge Road. Retail, cultural...
JLL says yes; other property pundits not so sure THANKS in part to falling interest rates, the affordability for luxury homes in Singapore has improved by 24 per cent since the third quarter of last year, according to property consultancy Jones Lang LaSalle (JLL). JLL compiles an affordability index for private homes, which takes into account factors such as property prices, national wages and interest...
Such checks would minimise impact of sudden economic downturn on investors MANY Singaporeans who bought properties during the boom years have since been caught up by the sudden financial turmoil and found themselves in a bind as the property market has taken an about-turn and some banks have frozen lending. Such investors stand to lose a lot of money should they sell in this declining market. The...
DESPITE the recession, the saga over the Gillman Heights en bloc sale continues, as some minority owners from the 608-unit development off Alexandra Road take their fight to the highest court to block the sale. The 10 minority owners have filed for a hearing with the Court of Appeal in a bid to overturn the decision made by the High Court in June that allowed the $548 million collective sale to...
... as prices of high-end private properties move down PRIVATE home launches and sales were up last month after a dismal October. The number of private residential units launched more than doubled from October's 159 to 382, and units sold increased from 118 to 192, according to the data released by the Urban Redevelopment Authority (URA) yesterday. Analysts said the jump in units launched reflects...
WILL I ever get to live in peace? My condominium's third sales committee disbanded a few months ago. We thought we had seen the last of them due to the tough economic times. But I received a new circular in my mailbox last week, saying yet another sales committee wants to go en bloc. Just as I was heaving a sigh of relief and thinking that I could now renovate my apartment, too. When will it end? Surely...
Sales of uncompleted private homes rebounded 63 per cent on month in November, after falling 70 per cent in October. Some 192 new units were sold in November. Data from the Urban Redevelopment Authority (URA) also shows that developers put out more units for sale. According to analysts, many developers had launched new projects in November after delaying launches in October, in the wake of the global...