EVEN with the manufacturing part of the economy facing difficulties, demand for industrial space - particularly in business parks - is apparently still healthy, according to experts from the property firm DTZ. By contrast, the market for office space is softening, the firm says. Executive director Ms Chua Wei Lin said: “Demand for private industrial properties - in particular, hi-tech and business park...
Plan for hotel draws ire of some members A TOWN club set amid the lush landscape of Fort Canning Park will be turned into a luxury boutique hotel as part of a multi-million dollar revamp - but some club members are unhappy about the change. Mr John Nguyen, a member of The Legends Fort Canning Park, said: “We will lose the feeling of being in a spacious, colonial setting. We will lose the ambience and...
Stepping into a dream home has become a nightmare for a minority of Singaporeans. The Housing and Development Board (HDB) has said 0.7 per cent of its flats built in the last five years have defects such as dislodged floor tiles. One such example is a premium flat at Block 648, Punggol Central. The S$241,000 apartment came with ceramic floor tiles, as well as some furnishings and built-in cabinets. But...
Singapore's marine engineering, construction and financial sectors are among those the government expects to thrive amid the current financial crisis. Observers say the construction industry will be boosted by long-term contracts while the strong asset quality of local banks is shielding the financial sector from global turmoil. Local financial institutions have been beefing up their risk management...
Location: 50 & 52 Chuan Hoe Avenue (District 19) Tenure: 999-years leasehold wef 1886 Year of Completion: 2010 Total Units: 12 strata-titled houses Unit Types: 1 unit of 3 storey Strata Bungalow (5587sqft) 4 units of 3 storey Strata Corner Terrraces (4790sqft to 5662sqft) 7 units of 3 Storey Strata Terraces (4080sqft to 4413sqft) Neighbourhood: Located in the upcoming and popular District 19 In the...
Residents affected by the new access road to the Serangoon Gardens foreign workers' dormitory have expressed their concerns to their Member of Parliament. They are unhappy that the road will link the site to a few thousand landed homes along Ang Mo Kio Avenue 1, and they said buses ferrying the foreign workers will create traffic congestion and noise. The new access road shifts the dormitory entrance to...
Early estimates show prices of private residential properties fell for the first time in four years in the third quarter. Concerns are that times ahead may be rough. Still, about one-third of MCL Land's latest mid-range condominium project - The Peak@Balmeg - was snapped up over the last two days during its private launch. Among the visitors at the launch were Panneer Selvi and her family who have been...
Beijing has "The Bird's Nest". Singapore's Esplanade is sometimes referred to as "The Durians". Now, meet "The Egg" - Singapore's new S$20m venue for arts performances. The oval-shaped Genexis Theatre is sandwiched between two office buildings at Fusionopolis at one-north, an upcoming R&D hub in Singapore. It is the first theatre built by JTC, Singapore's largest industrial landlord. JTC's Assistant...
MANY Singaporeans may remember taking their wedding photos at the Look-out Tower at the Toa Payoh Town Park in the past. Today, the memories will live on not only in picture albums but through the efforts of the Urban Redevelopment Authority (URA). The statutory board is expanding its conservation programme for buildings and monuments to include heritage structures. “What makes a place distinctive and...
New road, other measures to address residents’ worries SERANGOON Gardens’ grassroots group adviser Lim Hwee Hua probably summed it up, when she told Today: “I don’t expect any of my residents to tell me they are happy, but I think they will be less unhappy.” Following a residents’ petition and a public furore last month, the go ahead has been given to convert the former Serangoon Gardens...