EL Development has signed a memorandum of understanding with Accor for the French hotel chain to manage a new hotel that the Singapore property developer will build in Hill Street. Accor will manage the hotel under its Pullman brand - this will be the first Pullman in Singapore, EL Development managing director Lim Yew Soon told The Business Times in a recent interview. "Singapore is one of the major...
Singtel is selling its Hill Street property to homegrown-property group EL Development. Planning approval has been granted for redevelopment of the site into a hotel. The price is between S$115 million and S$120 million, which works out to about S$1,830 per square foot per plot ratio, according to Business Times. The unit land price is inclusive of a differential premium to change the use of the...
Evan Lim & Co’s property development arm has scored a few successes and now plans to acquire more residential development sites THE PROPERTY MARKET stirred when Illuminaire on Devonshire, the first launch in a prime district (District 9) for the year, saw all its units snapped up within three days of previews. Also noteworthy was the average price per sq ft (psf) achieved at $1,700 psf, which was...
Developer to roll out Woodlands project on back of solid soft launch A DEVELOPER is rolling out a rare condominium launch in Woodlands this weekend - optimistic that lower-than-planned prices will draw buyers, despite the gloomy market conditions. EL Development is launching the 99-year leasehold, 200-unit Rosewood Suites at $580 per sq ft (psf) on average. The developer held a sneak preview to test the...
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