Back for the 17th time, the Sheares Bridge Run, which began at Esplanade Drive, attracted 70,000 runners on Sunday morning. For the participants, the highlight of the event was running across the Marina Barrage – the newest development at the Marina Bay area. Guest-of-Honour, Defence Minister Teo Chee Hean, also joined the runners in the new scenic route. The event ended with a carnival at the Padang...
A S$1.8 million sports hub, called Bishan Active, opened in the heart of the Bishan North neighbourhood on Sunday. It is the largest public outdoor sporting facility in Singapore's housing estates. Mayor for Central Singapore District, Zainudin Nordin, said beach volleyball is featured at Bishan Active because it is hip and popular with the young. He said the Town Council will also look into further...
Location: 23/25 Nathan Road (District 9) Tenure: Freehold Site Area: approx 2165.8 sqm / 23,313 sqft Year of Completion: 2013 Total Units: 91 in 2 blocks of 12 storeys Unit Types: 1 bedroom ~ 55 - 80 sqm (42 units) 1 bedroom + roof terrace ~ 94 sqm (4 units) 2 bedroom ~ 73– 188 sqm (41 units) 2 bedroom + roof terrace ~ 114 - 115 sqm (4 units) Where the sky & landscape meets This freehold...
Governments in Asia are starting to explore the potential of working with private firms when developing domestic infrastructure. Such public-private partnerships, or PPPs, have been a mainstay in countries like Britain and the United States in the past decade. And it is starting to catch on in the region as governments look to cut costs on large scale projects like building roads and airports. Industry...
The Housing and Development Board has awarded the tender for a public housing site under Design, Build and Sell Scheme (DBSS) to Ho Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup JV Development Pte Ltd. Their successful joint bid was S$198,822,000 for the site at Lorong 1A Toa Payoh. The plot has an area of 27,479.9 square metres and an allowable gross floor area of 115,415.58 square...
The Housing and Development Board (HDB) will complete its review of the Public Rental Scheme as early as year end, says National Development Minister Mah Bow Tan. The HDB will tighten eligibility criteria for rental flats and help moderate demand. But from now, applicants with more urgent needs will be able to bypass the long queue to get their flats. The HDB is also increasing the number of rental flats...
GuocoLand has suffered a 43 per cent drop in its net profit to S$161.8 million for the financial year ended June. The group attributed the sharp contraction largely to lower property sales in Singapore. Lower revaluation gain on investment properties and higher income tax expenses incurred from its projects in China were also blamed for the fall. Revenue for the period slid 4 per cent to S$670.9...
CapitaLand is going to inject four of its Raffles City-branded integrated developments into its Raffles City China fund. The US$1 billion real estate private equity fund will acquire CapitaLand's 55.9 per cent stake in Raffles City Shanghai. It will also take over 100 per cent of Raffles City Beijing, Raffles City Chengdu and Raffles City Hangzhou. CapitaLand is expected to receive a total consideration...
There is a need to manage demand for land and its increase in value across the island One of the highlights of Singapore’s Draft Master Plan 2008 is to bring jobs closer to home. Economists point out that it makes financial sense for firms to locate in suburban areas. What then are the limiting factors that prevent complete decentralisation? Agglomeration benefits, such as accessibility to clients and...
Maintaining target price of $3000 psf, project may only launch in 2012 IF THE market for luxury homes fails to pick up, the launch of Marina Bay Suites may be held off until 2012 when the project is completed, Mr Wilson Kwong, the general manager of Raffles Quay Asset Management said in an interview with Lianhe Zaobao yesterday. Marina Bay Suites was scheduled for launch during Chinese New Year this...