The Singapore government’s move to cut the number of land sites it is putting up for sale will affect plans to redevelop certain parts of the country. But analysts say it will not slow efforts to rejuvenate the overall landscape as there are many other projects underway. In fact, the move was praised as a prudent one, given the difficult economic environment. Last Friday, the Ministry of National...
RSP Architects, Jurong Consultants to come up with concept masterplan THICK grass covers a flat stretch of land for more than two kilometres. A few young trees stand tall and migratory birds swoop across the plain. It is hard to imagine this natural sanctuary as Semakau, a landfill commissioned nine years ago as the dumping ground for ash from Singapore's waste incinerators. Now, RSP Architects and...
Mid-range retail spaces in Singapore are likely to see a fall in rental rates, due to a drop in tourist arrivals and slowing domestic spending. Properties which are having rental rates renegotiated in the midst of the current economic downturn are likely to be the most vulnerable. Experts said landlords will have to rent out their spaces for less as retailers are hit by lower earnings. Eugene Lim,...
JTC Corporation reported a 38.5 per cent drop in net allocation of prepared industrial land (PIL) for the third-quarter 2008, on a year-on-year basis. Third quarter figures stood at 34.5 hectares, similar to the previous quarter but lower than the 56.2 hectares seen in the same period last year. Property consultancy Jones Lang LaSalle told Channel NewsAsia the contraction reflects the weakening of...
Semakau Landfill is set to get a new lease of life. Jurong Consultants, as well as RSP Architects and Planners, are expected to come back with a master plan by early 2009. The aim is to determine whether part of the area can be turned into an eco-park that runs on its own water and energy. A growing population means a growing mound of rubbish. Waste disposal has increased six-fold in Singapore between...
Braddell Heights Estate in Serangoon Central will soon receive new recreational facilities. The upgrading work will start early January and is scheduled to be completed by 2010. Under the government's Private Estate Upgrading Programme, the area will see its existing park enlarged. Residents can also look forward to the creation of a new park. Marine Parade GRC MP Seah Kian Peng announced this at a...
Location: 396 River Valley Rd Tenure: Freehold Site Area: approx 1733.2 sqm / 18,656 sqft Year of Completion: 2012 Total Units: 96 in a 7-storey building Unit Types: 1 Bedroom, 1+study and 2 Bedroom Penthouse (495 - 1,066 sqft) Contact us at [email protected] with the following for more information: RV Suites / Name / Contact # / Unit Type...
SOUTH-EAST Asia's largest property developer, CapitaLand, saw its third-quarter profit fall by 26 per cent as slowing economic growth continues to hurt demand for homes in Singapore, China and Australia. Net income fell to $419.4 million, from $563.9 million a year earlier, CapitaLand said in a statement yesterday. Revenue declined 33 per cent to $597.2 million. "The fundamentals in the group's core...
AT first glance, you might not have thought an economic slowdown was in the wind, with 1,000 visitors thronging the sale launch of the Housing and Development Board's latest project at Bishan on Day One. Natura Loft, a Design, Build and Sell Scheme (DBSS) project, features three 40-storey blocks of 160 four-room flats and 320 five-room units. Describing the response as "enthusiastic", developer Qingjian...
Prompt move aimed at helping sentiment in sagging market THE Government has put the brakes on its land sales programme, as the outlook for the local economy and the property market takes a turn for the worse. The Ministry of National Development on Friday said it would move most of the land sites on its confirmed list this year to the reserve list, and suspend its confirmed list of sites for sale in the...