The Urban Redevelopment Authority (URA) has launched a transitional office site at Mohamed Sultan Road for sale by public tender. The site is one of three commercial parcels to be sold through the confirmed list under the Government Land Sales Programme for the second half of this year. It has a land area of nearly 0.62 hectare and a maximum permissible gross floor area of about 9,200 square metres. A...
Property Description : The freehold development will hold 70 units of 2- and 3- bedrooms and penthouse units within a 28-storey bloc. Location : The property is sited at 20 Irrawaddy Road. A neighbourhood of conveniences, this is where everything is truly a stone's throw away. Access to the most popular restaurants, eateries or the nearest Novena MRT is just a walk away. The expressways are...
Prime Minister Lee Hsien Loong said in his National Day Rally speech on Sunday that Singapore's economic growth will be slow next year as it feels the impact of a weakening world economy. However, the country is not expected to slip into a crisis. "This year, I think we can get 4 to 5 percent growth. It's not bad. Next year, we expect slow growth and more uncertainties. I'm not predicting a crisis. We're...
A medical complex - comprising a hospital, specialist suites and a hotel - will be built in Singapore by October 2010. Its aim is to grab a chunk of the burgeoning multi-billion dollar market for medical travel in Asia. The 19-storey Farrer Park Mediplex will comprise a hospital, specialist suites and a hotel. It is believed the first of its kind in Asia, and the company behind it expects to be a strong...
National Development Minister Mah Bow Tan has given the assurance that no household will be left out of the benefits of basic home improvement works. Mr Mah, who is also MP for Tampines GRC, was speaking at the launch of an upgrading project at a Tampines precinct. Under the scheme - known as the Home Improvement Programme - introduced last year, basic repairs are fully funded by the government, while...
But sector’s outlook still cloudy on slower growth DEVELOPERS sold 897 private homes out of the 1,322 launched last month, the highest number since last August, according to monthly data released on Friday by the Urban Redevelopment Authority (URA). This represents a 68-per-cent take-up rate. While the sales were a modest increase from June, when 1,069 units were launched and 801 sold, there was little...
New home sales rose for the third month in a row in July. However, the pace of growth slowed significantly, with developers launching more homes than they could sell. According to latest figures released by the Urban Redevelopment Authority (URA), buyers picked up some 900 new private homes last month, 12 per cent more than in June. This comes after new home sales almost doubled between May and June. But...
The design of Miro is a creative mix of Barcelonian art, architecture and music. Adopting a clean and minimalistic fashion palette, the Mediterranean feel of Miro is invoked through simple designs with special attention to details. Situated at No. 1 Lincoln Road, Miro is close to cosmopolitan Orchard Road as well as bustling Novena. Newton MRT station is also within walking distance. Unit sizes range from...
Some frightened investors selling homes cheap: Developer AS HIGH-END home prices fall, Mr Kwek Leng Beng says there are now some bargains available for smart investors. “What has gone up very high in a straight line will also come down,” said the executive chairman of one of Singapore’s biggest developers, City Developments (CDL). And as prices fall, Mr Kwek said there will be some desperate...
Move is milestone in S’pore’s push to develop alternative mode of investment City Developments (CDL) is raising $1 billion in Islamic debt through a pioneering notes programme as a means to diversify its sources of financing. This will be Singapore’s first Islamic Sukuk-Ijarah unsecured financing arrangement by a company, marking a milestone in the Republic’s push to develop Islamic finance as an...