The Urban Redevelopment Authority (URA) is calling for tenders for its reserve list site at Serangoon Avenue 3. The 1.3 hectare site has been earmarked for residential development and is in a private residential estate next to the future Lorong Chuan Mass Rapid Transit station. The 99-year leasehold land parcel can generate a maximum permissible gross floor area of about 418,253 square feet. A site on...
KOP Capital is moving from residential and commercial property development into hotel business for the first time. The Singapore-based developer has recently acquired a 50 per cent stake in a small luxury hotel operator, Stein Group, which is based in Spain. The investment is valued at US$250 million. Last year, KOP Capital launched Asia's first high-end residential project that features a car park right...
Second Chance Properties has turned in net profits for the sixth straight year. The company saw net profit for the full-year ended June improve 31 per cent to S$24.1 million. This was achieved on the back of revenue of S$53.2 million, up S$5 million from the previous year. The company distributed a tax-exempt dividend of 3 Singapore cents per share in July, and has recommended dividends of 3.5 cents per...
Inspired by Nature Belle Vue Residences is designed to parallel nature's exquisite simplicity. Its' organically-shaped unit layout, offers a new living arrangement and horizontal spatial experience. The branching pattern creates more wall surfaces, making possible for more windows, giving each apartment a unique set of views and allowing residents to enjoy an abundance of natural light and better...
The Urban Redevelopment Authority (URA) has released detailed sales conditions for a reserve site at Short Street for hotel development. The site, located within the Bras Basah and Bugis district, is one of two new hotel sites scheduled for release for application under the reserve list of the Government Land Sales programme for the second half this year. Developers interested in purchasing the site can...
The Lease Buyback Scheme (LBS) to help low-income households monetise their flats for their retirement needs could be implemented as early as January next year. Senior Minister of State for National Development Grace Fu gave this update in Parliament on Tuesday when replying to a question brought up by MP for Aljunied GRC Cynthia Phua. Under the scheme, first announced by Prime Minister Lee Hsien Loong...
Step into an urban retreat set in a tropical oasis. Waterfall Gardens is an enclave framed by lush green trees with full canopies, and encircled by cool bodies of water - from the gently cascading waterfall to meandering footpaths through pools and streams. You don't have to look far for the very definition of tranquility. Set back against the confluence of Farrer Road and Holland Road, Waterfall...
The global real estate capital market grew last year to hit US$12 trillion, but the subprime crisis has thrown a spanner in the works. Investors are finding it tough, with liquidity drying up, yields compressing, and valuations in the US and UK dipping. However, some analysts said that opportunities do remain and may even grow, as markets approach fair value. They noted that demographics in emerging...
Homegrown construction group Lian Beng has clinched a contract worth S$99.5 million to build a high-end residential project at Cairnhill Road. Lian Beng will build The Ritz-Carlton Residences through its Millennium International Builders unit. The deal was awarded by Royce Properties, a subsidiary of Hayden Properties. The project is the first luxury condominium project to be launched by The...
Situated in the serene, tree-lined enclave of Angullia Park, this 36-storey luxury freehold development is just a five-minute walk from Singapore's vibrant Orchard Road shopping district and Orchard MRT station. Comprising 30 exclusive apartments for ready occupation, Orchard View offers residents the privacy of an entire floor per residence, with stunning panoramic views of the city skyline. Location:...