Touted as the Singapore labour movement's first high-end resort for the working class, the S$45-million Palawan Beach Resort has been facing major delays. The proposed 200-room resort, announced 3 years ago by then NTUC Secretary-General Lim Boon Heng, was to have been built on a 3-hectare plot of land, next to Palawan Beach at Sentosa, and to have opened its doors by March this year. According to the...
VIVA, developed by Allgreen Properties Pte Ltd, is located right at the door step on United Square Shopping Mall. VIVA is build on one of the largest remaining parcel of freehold land in District 11. In it's vicinity, VIVA, is within minutes from the Novena MRT, Goldhill Square, Square 2, Velocity @ Novena Square. Orchard Road is just 2 MRT stops away. Within 1 KM of VIVA, you have top primary schools...
A sprawling 700,000 square foot mall will open in Little India by the end of next year. City Square Mall's launch will coincide with that of other major retail shopping centres along Orchard Road like 313@Somerset. However, its developers remain confident that the new malls will not pose a threat. Going by the numbers, it seems retailers agree. They have already committed to about 70 per cent of City...
The government is doing away with the building premium it charges on all buildings when granting lease extensions. The government currently charges both a land premium and a building premium when extending a state lease. The charging of these premiums was based on the Common Law principle that both land and buildings would revert to the landlord at the end of the lease. The waiver of the building...
The Urban Redevelopment Authority (URA) is reviewing guidelines for restaurants and pubs located in private shophouses near residential areas. It is asking for public feedback on whether entertainment activities should be freely allowed at those premises. For the past 20 years, Lai Fak Nian, managing director of Plum Village Restaurant, has been thinking of various ways to entertain customers and spur...
The Swissotel Merchant Court Hotel in Singapore is being offered for sale by international tender. The sale is managed by Jones Lang LaSalle Hotels. The 476-room hotel is located on the banks of the Singapore River and is within walking distance to the city's business and financial districts. Jones Lang LaSalle Hotels expects investor interest in the property to be strong from regions such as Europe and...
Of all the Singaporean companies in Vietnam, few have more confidence in the long-term future of Indochina’s largest country than Keppel Land (KepLand), the property arm of one of the island’s largest conglomerates, Keppel Corporation. It’s putting its money where its mouth is with its plans to invest $1 billion in Vietnam’s tallest building, an 88-storey complex of shops, offices and residences...
Like medical and legal services, we must engage trained and reliable property professionals Many people praised the Competition Commission of Singapore’s recent decision to have the Institute of Estate Agents (IEA) remove its commission guidelines for property agents. The common reason given was that many felt property agents played a minor role in their transaction and hence did not deserve what the...
House-seekers can expect more property listings on MediaCorp’s online classifieds portal mocca.com following its tie-up with HSR, one of the largest real estate agencies here. The partnership will make it easier for HSR’s large network of property agents to place their advertisements on the website with just a telephone call through a dedicated hotline service. Agents can also make use of the...
To instil greater discipline in the holding of government properties pending development, the Law Ministry plans to introduce a reservation framework for public sector agencies. Senior Minister of State for Finance Lim Hwee Hua told the House that agencies making such reservations would have to pay for planning and feasibility studies. Responding to a question by Nominated MP Gautam Banerjee on what is...