Landmark Tower, a prime residential development located at Chin Swee Road on the fringe of the central business district (CBD) has been launched for public tender. Zoned for residential usage under the 2008 Master Plan, the site measures approximately 60,821 sq ft and has a plot ratio of about 4.014. It will provide the developer an opportunity to design a project with an inner city living concept. The...
real-estate
The Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Pheng Geck Avenue to Santarli Corporation Pte Ltd. The company submitted the highest bid of S$114.8 million for the 4,850 square metre site. The site has a maximum permissible gross floor area of 16,977 square metres. This translates the top bid to about S$6,762 per square metre, or S$628.23 per square foot per plot...
Newton Imperial, a 19-storey development located in the heart of Newton Road, is within close proximity to Newton MRT, whilst also a short drive to Orchard Road, the Central Business District and public amenities, including good local and international schools. Residents may also choose to take a pleasant stroll down to Novena Square for some fringe shopping, while supermarkets are ample and conveniently...
With persistently high property prices in Singapore, Singapore real estate investment trust (REITS) are focusing mainly on asset enhancements to boost their growth. Any acquisitions that they are looking at will have to be yield accretive. When Causeway Point completes its refurbishment works by this December, its occupancy rate is expected to improve to 100 per cent. The heartland mall in Woodlands is...
A joint venture comprising Heeton Holdings, KSH Holdings and Zap Piling has acquired a site at Whitley Road for S$31 million. The 21,900 square feet site is zoned for two-storey mixed landed residential units. The District 11 site - which is freehold - is currently occupied by a single-storey bungalow and leased out to a kindergarten. According to a statement released by the group, the site has the...
NOL Group is selling its Alexandra headquarters premises to raise funds. The shipping and logistics leader has been reporting losses for the past five financial quarters. According to a media statement released on Monday, NOL said the sale will help the company "release capital for strategic investment". NOL Building is located at 456 Alexandra Road. It sits on a 108,060-square-foot site, with a gross...
Prices of private homes rose marginally by 0.4 per cent in Q2 2012, according to the Urban Redevelopment Authority's flash estimates. In Q1 2012, private residential properties saw the first quarterly price fall of 0.1 per cent since Q2 2009, following nine consecutive quarters of declining price increases. URA said prices of non-landed private residential properties increased by 0.6 per cent in the core...
Two property agents have become the first to be punished under the Council for Estate Agencies' (CEA's) disciplinary framework. Under the framework, sales persons who breach its Code of Ethics and Professional Client Care will face disciplinary action. The Disciplinary Committee may, upon determination of the breach, reprimand the sales person, revoke or suspend registration, impose a financial penalty...
Asia's largest logistic facilities provider, Global Logistics Properties (GLP), has signed new leasing agreements totalling 44,000 square metres of its space in southern China. In a filing with the Singapore Exchange, the firm said the leases were for two of its facilities in Guangdong Province. Located along the Guangzhou-Dongguan-Shenzhen economic corridor, GLP Park Zengcheng leased out 30,000 sqm of...
Blocks 1A to 6A Woodlands Centre Road were on Monday identified for the Selective En bloc Redevelopment Scheme (SERS) by the Housing and Development Board (HDB). The Woodlands site, the 78th to benefit from SERS, comprises 147 flats that were completed in 1980. These flats will be 36 years old by the time the residents move to the new replacement flats at Woodlands Drive 70. HDB will build about 190...