The Iskandar Malaysia project will go ahead as planned, Malaysia's High Commissioner to Singapore N Parameswaran said on Thursday. Malaysian Prime Minister Abdullah Badawi's poor showing in the recent general elections has left investors concerned about his pet project - Iskandar Malaysia, which was launched in late 2006. However, the High Commissioner noted that the project - a special economic zone...
I REFER to “Building Brics for HDB” (May 27) from Wong Weng Keet. The new flat application process aims to encourage flat-buyers to think through their housing plans and options carefully before they apply for a flat. We would like to clarify that under the revised procedures, the priorities under the Married Child Priority Scheme (MSCP) are not “cancelled out”. Those applying under MSCP will...
PropNex hopes 30% cut in asking price will attract buyers, as demand is ’still there’ A BOLD property firm is defying market trends with a renewed bid to sell four housing sites en bloc, even though the market appears dead for now. PropNex Realty admits its move is 'contrarian' but hopes a hefty asking price cut of up to 30 per cent will attract buyers. Even then, developers may not bite, given...
JTC Corporation will plant more trees in Tuas to help companies there cut energy costs, the company revealed at its tree-planting event at the Tuas Biomedical Park on Wednesday. It said a joint study with the National University of Singapore showed that areas with more greenery experience cooler temperatures. Shade from trees and rooftop greenery can bring down temperatures in buildings by nearly five...
Logistics service provider CWT on Tuesday said it has sold one of its warehousing hubs in the Jurong area for S$115.2 million. No names were given, but CWT said the buyer is a property fund focused on the Asia-Pacific region. Under the agreement, CWT will lease the premises back for five years initially, with an option to renew for another three years. The company will realise a total gain of some...
Only two bids were received in the tender for a residential site at Simei Road, which is being launched under HDB's Design, Build and Sell Scheme. Property developer Sim Lian Land put in the top bid of S$52 million. The price works out to S$1,472 per square metre of gross floor area. AMK Development put in the lower bid of S$37.2 million or S$1,055 per square metre of gross floor area. The parcel spans...
The Housing Development Board (HDB) is tapping on the minds of Singapore Polytechnic (SP) students, to remake Punggol Town. The call for ideas is also extended to the general public. Gabriel Seah, a landscape and architecture student from SP, said: "The first thing that came to my mind will be wetlands. As we all know, the discharge of storm water into the river, or even into the sea is unfiltered. So...
Amid the market turmoil in the past half year, Singapore-listed real estate investment trusts, or REITs, have been under pressure. They are now trading below their 12-month price targets set by analysts. But market-watchers said that they're optimistic REITs have not lost their appeal among investors and they expect the REITs sector to keep growing. It's been a honeymoon period since the first REIT was...
Industrial developer and landlord JTC Corporation is planning to build cost-savings features into upcoming wafer fab clusters to attract more such companies into Singapore. It is looking at implementing a centralised power and water plant in each wafer fab cluster, which could help companies save hundreds of thousands of dollars in operational costs. Wafer fab plants are heavy utility users. Currently,...
Niche property developer Soilbuild Group has won the tender to build, own and operate a stack-up factory in the Tuas area. The award for the 5-hectare site at Tanjong Kling Industrial Estate was given out by JTC Corporation. This is the first time that a stack-up factory development has been awarded to a private developer. JTC said Soilbuild clinched the contract because its concept included enhanced...