THE public first got wind of the ambitious vision last August, when Prime Minister Lee Hsien Loong spoke of giving the 56-year-old Dawson Estate a new face. Now, the surgeons who will design its new face have been appointed, and flats could go on sale by next year. Construction is expected to start six months after the sale and the new generation of flats would be ready by around 2014, said Ms Grace Fu,...
AFTER a record performance last year, JTC - Singapore’s biggest industrial landlord - expects demand for industrial space to weaken in line with slowing economic growth this year. Operating income in fiscal year 2007 rose 5 per cent to $1.1 billion for the state-owned developer, due mainly to higher allocation of ready-built facilities and prepared industrial land. Take-up of its net industrial land...
Applications for Park Central@AMK roll in, but how many will translate into actual sales? SINCE its launch last week, :more than1,000 applications have been received for 578 units at Park Central@AMK, Singapore’s third condominium-style public housing development. With developer United Engineers (UE) pricing its Design, Build and Sell Scheme (DBSS) project at $490 psf to $500 psf, it remains to be seen...
Two award-winning private architects have been officially appointed by the Housing and Development Board (HDB) on Wednesday to put a new spin to the old Dawson Estate in Queenstown. SCDA Architects Pte Ltd and WOHA Architects Pte Ltd were earlier commissioned to draw up plans for two separate public housing sites at the junction of Margaret Drive and Dawson Road. The new flats will be launched for sale...
Lippo-Mapletree Indonesia Retail Trust (LMIR Trust) has posted first half earnings of S$39.3 million, 3 per cent higher than its own forecast. Revenue came in at S$53.8 million, which also exceeded projections. Lippo-Mapletree said it is on track to pay out 5.84 cents per unit for the whole year, as earlier forecast. The trust said it is less affected by inflationary pressures because it targets the...
JTC Corporation has reported a record take-up of some 246,300 square metres of its ready-built space last year, surpassing the previous record seen in 2005. The bouyant industrial property market last year helped JTC to book a record surplus of S$1.183 billion, up 50 per cent from 2006. The numbers were also boosted by impairment loss write-backs of nearly S$159.4 million on its properties. But JTC has...
Singapore developer CapitaLand is seeing strong response for its high-end luxury residential units at Raffles City Bahrain. When completed in 2010, the Raffles City Bahrain integrated development will include three residential towers, landscaped sky villas, and high-end retail outlets. CapitaLand said that about 80 per cent of the units in one of the residential towers have been booked within three weeks...
Some 20,000 people have visited the showflats at Park Central@AMK, Singapore’s third condominium-style public housing development. The project, launched last week, has received over 1,000 applications so far, marginally lower than City View@Boon Keng, a similar development nearer the city that went on sale earlier this year. Applications for Park Central units will close on August 5. David Liew,...
Luxury-end private residences in Singapore are facing price pressures, and one developer hopes to get around that by having a famous brand-name designer work on its project. Heeton Realty - a joint venture between Singapore developer Heeton Holdings and JP Morgan - is counting on the collaboration with a company co-founded by well-known French designer, Philippe Starck, to draw in the buyers. It is...
Building government projects at a later time may cost more if prices of materials continue to rise. However, National Development Minister Mah Bow Tan said that is a calculated risk the government has to take. To cool the market, the government is deferring a total of about S$4.7 billion worth of public sector construction projects to 2010 and beyond. Construction is one of the hottest industries in...