Malay Village area set for a revamp under URA Draft Masterplan 2008
National Development Minister Mah Bow Tan has unveiled some features of the Malay Village facelift under the URA Draft Master Plan 2008. In outlining future plans for the Paya Lebar area in Parliament on Monday, the minister said a substantial portion of the Malay Village site will be reserved for a new civic building. It … Read more
KSH in JV to develop Mergui Rd site
Property-linked KSH Holdings Limited on Monday said it has entered a joint venture with Multi Wealth Singapore Pte Limited and LBH Pte Ltd to develop a freehold site at Mergui Road. The 74,355 sq ft site with a plot ratio of 2.8 was bought by Mergui Develpment Pte Ltd — a unit of KSH — … Read more
Hersing in JV talks to buy up to $300m storage facilities
Property-related Hersing Corporation on Monday said it is negotiating with a leading global real estate fund regarding a possible joint venture (JV) in the self-storage business. The purpose of the proposed JV is to acquire and develop properties worth up to $300 million (US$221 million) in order to expand StorHub’s selfstorage facilities in Asia Pacific. … Read more
Temasek’s Mapletree in US$320m China project
Mapletree, a real estate unit of Singapore state-owned investor Temasek, said on Monday it is developing property worth US$320 million in China’s Guangdong through its private real estate fund. The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks of serviced apartments and a mall, while Guangzhou … Read more
Ahoy! New water taxis to cruise Singapore River soon
THE first batch of new water taxis run by Singapore Ducktours will take to the Singapore River in a matter of days. Currently undergoing water trials, at least three of these 14m-long, 56-seater aluminium vessels, known as HiPPOboats, should be licensed for river cruises by the end of this month. RIVER VIEW: At least three … Read more
Construction din riles more residents
THE incessant din from piling, hacking and demolition works at construction sites is driving residents up the wall. The National Environment Agency (NEA) heard 9,228 complaints last year, nearly double the 4,953 in 2005. If more residents are getting riled, that is because more old buildings are being torn down to make way for new … Read more
HK home owners brace for interest rate hikes
HONG KONG home owners are expecting interest rate hikes as banks in the city attempt to bolster earnings, ending a long run of cheap mortgage costs. But some market factors may militate against such a move. Banks have been sounding the alarm bells as their margins feel the squeeze amid a succession of interest rate … Read more
