JTC Corporation on Wednesday launched a tender for a mega development site at Changi Business Park, and the 4.7-hectare site is likely to see bids as high as S$600 million. The winning bidder will have to build an integrated development comprising a business park, retail activities and a hotel. Changi Business Park has been a hub for businesses that need to stay close to the airport or away from the city...
Singapore is fast rising in the ranks of becoming one of the most expensive cities in Asia for expatriates to live in. The latest Cost of Living survey by consultancy firm ECA International shows that Singapore has leapt 17 places in ranking this year. The city-state is now ranked 13, trailing behind cities such as Beijing, Taipei and Shanghai. Higher food and fuel prices are among the reasons for the...
Four companies were recognised for their eco-friendly practices at the second Singapore Green Summit on Wednesday. National Development Minister Mah Bow Tan, speaking at the summit, urged companies to put in place more energy-efficient practices. The Grand Hyatt is one of the award winners. The 37-year-old hotel undertook a range of green initiatives - recycling water for its laundry service, installing...
Police have arrested a 46-year-old man for cheating 11 tenants of rental deposits over the last two months. The suspect, who is unemployed, had apparently put up a three-room flat at Commonwealth Drive for rent with unsuspecting housing agents. He would disarm potential tenants by handing over copies of his identity card and flat conservancy booklet, and a bunch of keys. He would then disappear after...
Sino Construction has raised nearly S$60 million from its initial public offering (IPO). The company said the IPO has been fully taken up, despite the current weak market sentiment. Guoco Group was among the major investors. Sino Construction had offered about 153 million shares at 39 Singapore cents each. Of these, more than 6 million shares were set aside for the public. Sino Construction plans to use...
TO help meet demand for flats in the northern part of the island, the Housing and Development Board (HDB) yesterday launched a: Build-To-Order (BTO) project in Woodlands town called Straits Vista @ Marsiling. The project, comprising 50 units of three-room and 332 units of four-room flats, is located near the Woodlands Regional Centre and is served by the Woodlands MRT station and bus interchange. It is...
Mainboard-listed Yanlord Land Group said 60 per cent of the first batch of 130 apartment units, launched in Shanghai Yanlord Riverside City Phase Three, were sold during the opening weekend earlier this month. This translates to an initial sale of 77 units. The average selling price per square metre rose 13% to about RMB 39,000, compared with the RMB 34,500sqm in Phase Two sold in January this year. The...
Singapore's public housing agency - Housing and Development Board (HDB) - has been given the United Nations Public Service Award. HDB said the award is in recognition of the Home Ownership Programme, which has successfully provided over 80 per cent of Singaporeans with affordable quality flats, of them 95 per cent own these homes. Describing it as a significant milestone in its history, HDB said the...
The Housing and Development Board (HDB) on Tuesday launched a Build-To-Order (BTO) project called Straits Vista @ Marsiling. The project is located near the Woodlands Regional Centre, and is served by Woodlands MRT station and bus interchange. HDB advised potential buyers to plan ahead for their housing needs, since BTO flats take a few years to complete. It said couples planning to get married should...
National Development Minister Mah Bow Tan said the Housing and Development Board (HDB) is containing construction costs as much as it could even though they have gone up significantly recently. HDB is doing this by simplifying some of the projects or by combining them so that there are more economies of scale. A recent example is the Punggol Sapphire project which has more than a thousand units against...