Only two bids were received in the tender for a residential site at Simei Road, which is being launched under HDB's Design, Build and Sell Scheme. Property developer Sim Lian Land put in the top bid of S$52 million. The price works out to S$1,472 per square metre of gross floor area. AMK Development put in the lower bid of S$37.2 million or S$1,055 per square metre of gross floor area. The parcel spans...

The Housing Development Board (HDB) is tapping on the minds of Singapore Polytechnic (SP) students, to remake Punggol Town. The call for ideas is also extended to the general public. Gabriel Seah, a landscape and architecture student from SP, said: "The first thing that came to my mind will be wetlands. As we all know, the discharge of storm water into the river, or even into the sea is unfiltered. So...

Amid the market turmoil in the past half year, Singapore-listed real estate investment trusts, or REITs, have been under pressure. They are now trading below their 12-month price targets set by analysts. But market-watchers said that they're optimistic REITs have not lost their appeal among investors and they expect the REITs sector to keep growing. It's been a honeymoon period since the first REIT was...

Industrial developer and landlord JTC Corporation is planning to build cost-savings features into upcoming wafer fab clusters to attract more such companies into Singapore. It is looking at implementing a centralised power and water plant in each wafer fab cluster, which could help companies save hundreds of thousands of dollars in operational costs. Wafer fab plants are heavy utility users. Currently,...

Niche property developer Soilbuild Group has won the tender to build, own and operate a stack-up factory in the Tuas area. The award for the 5-hectare site at Tanjong Kling Industrial Estate was given out by JTC Corporation. This is the first time that a stack-up factory development has been awarded to a private developer. JTC said Soilbuild clinched the contract because its concept included enhanced...

With only 10 units, Whitley Villas reflects the essence of community living. With an impressive 5 bedrooms in your own villa, then often considered factor of comfort is well taken care of. The villas exude modern resplendence and a statement which says that you have arrived. Location: Whitley Road (District 11) Tenure: Freehold Year of Completion: 2012 Total Units: 10 Unit Types: 2 Clustered...

KINGDOM Holding, the investment company controlled by Saudi billionaire Prince Alwaleed bin Talal, said its Fairmont Raffles Hotels International unit has sold The Swissotel Merchant Court in Singapore. Bloomberg said yesterday the 476-room hotel was sold for US$153 million ($208 million), citing an emailed statement from Kingdom, which did not name the buyer. “The sale of this hotel is in line with...

Location: 16, 16A & 16B Shelford Road Tenure: Freehold Type of Development: Three 5-storey blocks Land Size: approx 76,565sqft Year of Completion: 2011 Total Units: 77 units Unit Types: 2 Bedroom ~ 893sqft 3 Bedroom ~ 1,227-1,636sqft 3 Bedroom Penthouse ~ 3,584sqft 4 Bedroom Penthouse ~ 2,756- 4,112sqft Features: Private Lift Lobby for all residences Shelford Suites commands picturesque views of...

International ratings agency, Moody's, said it has no immediate plans to review its sovereign credit rating for Singapore as the country has strong credit fundamentals, including robust external assets. Singapore has the highest triple-A sovereign rating from Moody's, and this is likely to remain so for the next 12 to 18 months. Last year, Moody's upgraded the rating for six Asian economies – China,...

Two towers of 39 storeys each makes this new condominium the most iconic launch in Bishan to date. Located within 1 km to Catholic High School and with Raffles Institution, and with Ai Tong School and Australia International School in the vicinity, Bishan is an attractive location as an education hub. With the future Circleline (Marymount Station) coming up together with the existing Bishan MRT...