URA unveils sales conditions for two reserve list sites
The Urban Redevelopment Authority has released detailed sales conditions for two reserve list sites at Clemenceau Avenue/Havelock Road and Upper Changi Road North/Flora Drive. The site at Clemenceau Avenue is slated for hotel development. The parcel is close to the popular entertainment districts of Clarke Quay, Boat Quay and Robertson Walk. It has an area … Read more
URA plans new community space at Dhoby Ghaut MRT station
The open space above the Dhoby Ghaut MRT station will be Singapore’s latest venue for community activities and performances. This is all part of the Urban Redevelopment Authority (URA)’s plan to increase the number of public spaces along the Orchard Road area. By July next year, the plot of land at Dhoby Ghaut will be … Read more
Rising hotel rates dull the lustre of Singapore?
With Singapore hotel rates keeping up a string of record-setting months, some may be wondering: How long can the hospitality bullrun last and at what point will the Republic’s attractiveness as a destination become a casualty? Latest figures from the Singapore Tourism Board (STB) showed the Average Room Rate (ARR) in February at an all-time … Read more
Landmark Tower goes en bloc again, at lower price tag
LANDMARK Tower, a 99-year leasehold residential site in Chin Swee Road, is up for collective sale again – this time with a lower asking price. Landmark Tower: The 60,821 sq ft site in Chin Swee Road can accommodate a high-rise condo of 220 units The property was first put on the market in July last … Read more
High Court rejects Airview Towers’ collective sale
A SINGLE home owner has managed to persuade the High Court to reject the $202 million collective sale of Airview Towers in the River Valley area. The sole objector, Mr Ken Lee, 52, a business consultant, pulled off the victory by representing himself in court against the might of top Singapore law firm Harry Elias … Read more
GIC, Host Hotels in property venture
THE Government of Singapore Investment Corporation (GIC) has teamed up with a New York-listed real estate investment trust to invest up to $2US billion ($2S.8 billion) in Asian and Australian property. The Singapore firm’s real estate arm and Host Hotels & Resorts, one of the world’s largest owners of luxury hotels, have set up a … Read more
Confluence of factors feeding inflation
FOR the first time in five months, Singapore’s inflation rate hasn’t surged to a new peak – though, at 6.5 per cent, the February rise in the consumer price index (CPI) is close on the heels of January’s 26-year high of 6.6 per cent. And if not for the September 2007 ‘aberration’, the string of … Read more
Hotel room rates hit record high for second month
Average room rate $256, up by 8% from January, driven by boom in visitor arrivals HOTEL room rates in Singapore have registered an all-time high for the second consecutive month, driven by a record number of visitors. Average room prices last month shot up to $256 per night, some 8 per cent higher than January’s … Read more
Bt Panjang, Jurong West sites go on reserve list
HDB has released two land parcels under the government’s reserve list system – a condominium site at Bukit Panjang and an executive condominium (EC) parcel at Jurong West. The 99-year leasehold Bukit Panjang site in Chestnut Avenue is thought to be the more attractive of the two. The parcel is 244,300 sq ft and has … Read more
MCL tops bids at $213.5m for Yishun 99-yr condo site
Offer of $350 psf per plot ratio is 68% above the next highest bid MCL Land yesterday offered almost 70 per cent more than its closest rival in a state tender for a 99-year condominium site at Yishun fronting Lower Seletar Reservoir and close to Singapore Orchid Country Club/Golf Course. The Hongkong Land subsidiary placed … Read more
