RiverEdge

This is where you can have your dream house come true, a private enclave with luxuries, Riveredge provides a chance for you to enjoy a lifestyle deeply dedicated to balance. In the bustling crowd of the city, Riveredge distinguishes itself with a chic elegance quite unlike others – a modern architecture at an exclusive location – alongside with the meandering river and lush surroundings. Riveredge...

Analysts expect no sale of hotel sites under Reserve List in Q3

PROPERTY watchers say they do not expect to see any sale of the hotel sites under the Reserve List during the coming quarter, because of the current cautious sentiment in the market. Under the Government Land Sales programme for the second half of the year announced on Thursday, 10 hotel sites were up for sale but only one via the Confirmed List. Hotel room rates have been rising as Singapore receives...

Some 7,960 private residential units to be built in second half of 2008

The government will release enough land to build about 7,960 private residential units in the second half of this year. The sites will also produce 400,000 square metres of gross floor area of commercial space and 5,750 hotel rooms. The details were released by the Ministry of National Development (MND) on Thursday when it announced the Government Land Sales (GLS) programme for the second half of...

S’pore banks may face growing risks in 2008-09

The financial ratings of Singapore's banks are stable, thanks to a buffer built up during the economic boom last year and conservative management of their balance sheets. According to ratings agency Moody's, the overall impact of the tightening global credit markets has been moderate. However, Moody's has also revealed that there are risks ahead that could undermine the stability for banks in Southeast...

S’pore’s construction consultancy services sought after in overseas market

Singapore's construction consultancy exports have increased despite the bustling domestic market. This is according to a survey conducted by the Building and Construction Authority. Singapore consultancy firms secured a total of 406 projects in 2007 or up some 13 per cent on year. The most sought-after services were for architectural and master-planning services, constituting more than half of the total...

Government releases eight confirmed sites for sale

Capitol Centre at Stamford Road may be demolished to make way for a new hotel to meet demand for hotel rooms. The location is one of eight confirmed sites that have been released for sale, under the Government's Land Sales programme. The Ministry of National Development also announced on Thursday that it will release enough land to potentially build nearly 8,000 private residential units, in the second...

Road upgrading project to cut travel time from city to northeast by 60%

The massive road intersection between Serangoon and MacPherson Roads will be upgraded at a cost of 130 million Singapore dollars and will be completed in 2011. The Woodsville Interchange is one of the busiest in Singapore. In each hour during peak periods, over 8,500 vehicles ply the four arterial roads that form the intersection. The roads are Serangoon, Upper Serangoon, Bendemeer and MacPherson...

Hong Kong, Singapore most global trade friendly

Hong Kong and Singapore are the two economies most conducive to global trade, according to a ranking by the World Economic Forum released on Wednesday. The World Economic Forum's new Global Enabling Trade Index survey of 118 economies looked at ten factors impacting trade, such as tariffs, customs administration efficiency and availability of transport and communications infrastructure. Tourists in...

Keppel Land buys new Shenyang site for integrated township development

Keppel Land has bought a 10 hectare site in Shenyang's Shenbei New District for about S$31 million. This parcel is located next to another site which Keppel bought in August 2007. The combined area of some 34 hectares will house an integrated township development, with a mix of mid- and high-rise apartment blocks. The new township is surrounded by residential, commercial, high technology industrial...

URA launches Tampines residential site for sale by public tender

The Urban Redevelopment Authority has launched a residential site at Tampines Avenue 1/Avenue 10 for sale by public tender. The land parcel is one of four new residential sites to be offered for sale as a confirmed site under the Government Land Sales Programme for the first half of this year. The 99-year leasehold site spans about 3.2 hectares. It will have a maximum permissible gross floor area of...

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